HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Towers
1
Land area
54,631 sq m
Open area
54,631 sq m

Timeline

Project startedOct 2016
RERA registeredMay 2018
Proposed completionOct 2018
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Shree Mahalakshmi Builders And Developers

Bengaluru UrbanBased in
1Projects
1City
2018–presentActive
Timelineevery project, start → promised completion
BSNL SIRIGANDHA GREENS

BSNL SIRIGANDHA GREENS

this project
Residential/Group Housing
Oct 2016started
Oct 2018target completion
₹42.00 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
Devanahalli
District
Bengaluru Urban
Pincode
560010
Address
Jogahalli Village, Kasaba Hobli, Devanahalli Taluk, Bangalore Rural District, Jogahalli Village, Kasaba Hobli, Devanahalli Taluk, Bangalore Rural District
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.3km away
LifestyleNo parks within 2km · 7 restaurants and cafes within 1km
ShoppingSupermarket 285m away
Getting around
Expressway 1.2 km · Devanahalli BypassPrimary road 348 m · Dabaspete - Hosur HighwayRailway line 2.0 kmRailway station 2.0km away (Devanahalli)Bus stop within 1km
Water & environment
Water body 219 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹42.00 Cr declared. What that works out to:

96%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

BIAPPA - Bangalore Airport Area Planning Authority

Urban Development Authority
Building Permit

The promised possession date (6 Oct 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

BIAPPA

Urban Development Authority · Bangalore Airport Area Planning Authority

Has approved 328 RERA projects — 3.8% of Karnataka.

a plotted-layout market — 30% apartments · 70% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.

Builders
236
On record
20,448 flats · 19,692 plots
Reach
8 taluks
Since
2017

More layout-heavy than Karnataka overall — 70% plots here vs 38% 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.