HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Towers
1
Land area
502 sq m
FAR sanctioned
2.5
Covered area
300 sq m
Open area
202 sq m

Timeline

Project startedMar 2017
RERA registeredOct 2017
Proposed completionMay 2019
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Pundalik Chougule

IndividualPromoter type
Belagavi, KarnatakaBased in
1Projects
1City
2017–2019Active
Timelineevery project, start → promised completion
Ashraya Apartment

Ashraya Apartment

this project
Residential/Group Housing
Mar 2017started
May 2019target completion
₹4.18 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
Belagavi
District
Belagavi
Pincode
590016
Address
Plot No 629, Shree Nagar,, Malmaruti Extension Belgaum
What’s nearby
Schools1 school within 500m · College or university 330m away
HealthcareHospital 428m away · 4 clinics within 1km
LifestyleNo parks within 2km · Swimming pool within 2km
ShoppingNo supermarket within 2km · Bank 137m away
Getting around
Expressway 341 mPrimary road 397 mRailway line 1.4 kmRailway station 3.7km away (Belagavi)Limited bus connectivity nearby
Water & environment
Water body 1.0 km · Kote Kere
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹4.18 Cr declared. What that works out to:

28%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

Commissioner, City Corporation, Belagavi

Municipal / Corporation
Building Permit

The promised possession date (31 May 2019) 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

Commissioner, City Corporation, Belagavi

Municipal Corporation

Has approved 206 RERA projects — 2.4% of Karnataka.

an apartments market — 100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.

Builders
189
On record
2,495 flats · 0 plots
Reach
2 taluks
Since
2017

More apartment-heavy than Karnataka overall — 100% 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.