HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Towers
1
Land area
6,232 sq m
FAR sanctioned
2.359
Covered area
2,800 sq m
Open area
3,432 sq m

Timeline

Project startedJul 2012
RERA registeredOct 2017
Proposed completionJun 2018
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Eugene Rent

IndividualPromoter type
KarnatakaBased in
1Projects
1City
2017–2018Active
Timelineevery project, start → promised completion
Aquamarine

Aquamarine

this project
Residential/Group Housing
Jul 2012started
Jun 2018target completion
₹41.66 Cr

The only project Horizon has read from this promoter so far. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Mangalore
District
Dakshina Kannada
Address
Near Mangalore Club, Morgansgate, Jeppu
What’s nearby
SchoolsNearest school 1.6km away · College or university 1.2km away
HealthcareHospital 1.7km away · Clinic within 2km
LifestyleNo parks within 2km
ShoppingSupermarket 1.8km away · Bank 718m away
Getting around
Expressway 704 m · Mangaluru-Kasargod HighwayPrimary road 2.8 kmRailway line 328 mRailway station 2.4km away (Tokkuttu)Bus stop within 1km
Water & environment
Water body 383 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹41.66 Cr declared. What that works out to:

8%of the cost is land

This is what the promoter filed it costs to build — land plus construction, at registration — not a sale price. The gap to an asking price is their margin, taxes and anything the filing doesn’t carry.

04

Planning authority

RERA Karnataka · Approved building plan

Mangaluru Urban Development Authority

Urban Development Authority
Building Permit

The promised possession date (30 Jun 2018) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

The occupancy certificate — the proof that isn’t here

A sanctioned plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the sanctioned plan carries penalty or demolition risk.

The approving body, at scale

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projects — about 1 in 20 in Karnataka.

an apartments market — 96% apartments · 4% plotted layouts. Apartments like yours are this body's core business.

Builders
315
On record
8,036 flats · 698 plots
Reach
6 taluks
Since
2017

More apartment-heavy than Karnataka overall — 96% apartments here vs 62% statewide.

Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

Complaints register

None on record with RERA Karnataka against this project.

Only disputes escalated to the authority appear on the register — a private disagreement never filed here would not. A count from the public record, not a verdict.

What this record cannot tell you

  • Build quality — no filing records how well it was actually built.
  • Private disputes — only complaints escalated to the authority appear here.
  • What it will be worth — the record is the past; it does not price the future.