HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
19 units
Unit mix
1 × COMMERCIAL TF1 · 1 × COMMERCIAL LG3 · 1 × COMMERCIAL UG 3 · 1 × COMMERCIAL UG 2 · 1 × COMMERCIAL SF3 · 1 × AUDITORIUM TF3 · 1 × COMMERCIAL UG1 · 1 × COMMERCIAL SF2 · 1 × COMMERCIAL FF2 · 1 × FF3 · 1 × COMMERCIAL FF3 · 1 × COMMERCIAL LG2 · 1 × COMMERCIAL FF2 · 1 × COMMERCIAL LG4 · 1 × COMMERCIAL TF2 · 1 × COMMERCIAL FF1 · 1 × FF1 · 1 × COMMERCIAL LG1 · 1 × COMMERCIAL SF1
Towers
1
Floors
5
Land area
3,112 sq m
Built-up area
18,491 sq m
FAR sanctioned
3.07
Covered area
1,731 sq m
Open area
1,381 sq m
Land parcels
1 survey no

Timeline

Project startedJan 2023
RERA registeredMar 2023
Proposed completionDec 2026
TodayJul 2026
Construction progress

10% overall, as filed

Sub-structure0%
Super-structure0%
Finishing0%
Internal infra0%
External infra0%
Amenities0%
Common areas0%
From the promoter's latest quarterly progress report filed with RERA Karnataka — % complete overall and by stage, as of that filing. A dated snapshot, not a live tracker.

Find your unit

Filed by type and size, in the batches the promoter registered — not a per-unit listing. Look yours up.

19 units across 19 batches
TypeArea sq mCount
COMMERCIAL TF15221
COMMERCIAL LG31431
COMMERCIAL UG 35911
COMMERCIAL UG 22591
COMMERCIAL SF35021
AUDITORIUM TF33681
COMMERCIAL UG14151
COMMERCIAL SF22591
COMMERCIAL FF22591
FF31281
COMMERCIAL FF35911
COMMERCIAL LG22331
COMMERCIAL FF24151
COMMERCIAL LG44451
COMMERCIAL TF24421
COMMERCIAL FF14151
FF15811
COMMERCIAL LG13191
COMMERCIAL SF14151

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. The declared inventory as registered — how many of each type exist, not how many are still unsold (this state's filing carries no booking count).

02

Builder’s track record

RERA Karnataka · Promoter registration

CHARISMA BUILDERS

Proprietorship FirmPromoter type
Dakshina KannadaBased in
1Projects
1City
2023–presentActive
Timelineevery project, start → promised completion

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
Pincode
575003
Address
Survey Number 168/1A2A(P) ,OPP KMC HOSPITAL, JYOTHI BUS STOP , Kodialbail Village , Mangalore , Dakshina Kannada, Karnataka - 575003
North boundary
SURVEY LINE
East boundary
BUNTS HOSTEL ROAD
South boundary
MULKI SUNDAR RAM SHETTY ROAD ( OLD LHH ROAD
West boundary
PORTION OF SAME SURVEY NUMBER
What’s nearby
Schools1 school within 500m · 6 educational institutions within 1km · College or university 551m away
HealthcareHospital 113m away · 7 clinics within 1km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 819m away · 34+ restaurants and cafes within 1km
ShoppingSupermarket 617m away · Mall 1.2km away · Convenience store within 1km
Getting around
Expressway 1.7 kmPrimary road 42 m · Light House Hill RoadRailway line 958 mRailway station 1.2km away (Mangaluru Central)Bus stop within 500m
Water & environment
Water body 1.1 km
distances only — not a flood assessment
Land, title & encumbrance
LandJoint development (JDA) — built on the owner’s land by agreement
ConversionConverted to non-agricultural
LitigationDeclared under litigation
MortgageNone declared on the project / land
As declared by the promoter at registration — a RERA self-declaration, not an authority's independent finding. A flagged line is worth verifying against the title documents; it is not a verdict.
Price analysisdeclared build cost — not a sale price

₹117.75 Cr declared to build 19 flats. What that works out to:

₹6.20 Crdeclared cost per flatall-in — land + construction
₹5,916/sq ftof built-up area₹63,680/sq m
20%of the cost is land₹6,866/sq ft of 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
approved 5 Apr 2021 · 5 yrs ago
Building Permit no. 702/2019-20Survey no. 168/1a2a(p)
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.

Verify it yourself — look up plan 702/2019-20 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projectsabout 1 in 20 in Karnataka.

an apartments market96% 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.