Bengaluru SouthApartment
Shiva Sakthi
SHIVASHAKTHI BUILDERS AND DEVELOPERS
Apr 2023started
Mar 2027target completion
Declared cost₹35.65 CrScale56 flatsAuthorityRERA Karnataka
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Detailed ReportConstruction of 895 Padmanabhanagara
01
Complete project overview
RERA Karnataka · Registration filing- Project name
- Construction of 895 Padmanabhanagara
- Land area
- 41,080 sq m
- Covered area
- 30,609 sq m
- Open area
- 10,471 sq m
Timeline
Project startedMay 2019
RERA registeredFeb 2021
Proposed completionMay 2024
TodaySep 2026
02
Builder’s track record
RERA Karnataka · Builder registrationAssistant Executive Engineer
Bengaluru UrbanBased in
6Projects
5Cities
2017–2024Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
1,351 plotson the public record across 6 projects
22,28,132 sq mplotted area
23,34,244 sq mland declared
₹421.37 Crdeclared build cost
Build cost is what the builder declared it costs to build — land plus construction, at registration. It gives a sense of how big a builder this is — not a price you pay, not build quality, and not whether they finish on time.
Planning authoritiesthis builder's portfolio, by approving body
Local Planning AuthorityTown & Country Planning (DTCP)3 of 6 projects
KSDB - Karnataka State Slum Development Boardthis project2 of 6 projects
Davanagere-Harihara Urban Development AuthorityUrban Development Authority1 of 6 projects
Counts are how many of this builder’s projects on Horizon’s record were approved by each body — a footprint, not a ranking of the authorities.
Every project Horizon has read from this builder, oldest first on the timeline. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.
More from Assistant Executive Engineer— the full portfolio →
03
Location & price analysis
RERA Karnataka · Registration filing
- Taluk
- Bengaluru South
- District
- Bengaluru Urban
- Pincode
- 560064
- Address
- Padmanabhanagara, Bangalore
What’s nearby
Schools3 schools within 500m · 4 educational institutions within 1km · College or university 1.3km away
HealthcareHospital 193m away · 7 clinics within 1km · Pharmacy within 500m
LifestylePark 1.2km away · Gym or sports centre 825m away · 21+ restaurants and cafes within 1km
ShoppingSupermarket 367m away · Mall 1.8km away · Convenience store within 500m
Getting around
Expressway 756 mPrimary road 1.8 km · Kanakapura RoadRailway line 4.7 km · Mysuru–Bengaluru lineMetro station 1.8km away (Banashankari)8 bus stops within 500m
Water & environment
Water body 343 m · Ground
distances only — not a flood assessmentPrice analysisdeclared build cost — not a sale price
₹52.58 Cr declared. What that works out to:
This is what the builder 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
Government Guidance Rate
Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettesIn Karnataka it’s called the guidance value.
₹60,201per sq yd
₹72,000per sq m
- Which rate
- site (guidance value)
- Matched to
- The rate published for “Padmanabhanagar 1st Stage”.
- In force
- effective Oct 2023
- Spread
- ₹53,512 – ₹60,201 per sq yd across the places it was taken over
What this number is — and isn’t
- The minimum value Karnataka’s registration department will register a sale at. Stamp duty is usually charged on this or the price in the sale deed, whichever is higher.
- Not a market price. Sales normally register above it, and how far above varies by place and by project.
- Its fit depends on the grain the state publishes at. This one is matched at the level of locality, and says so above. How Horizon decides what to show.
05
Planning authority
RERA Karnataka · Approved building planBuilding Permit
The promised possession date (26 May 2024) 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
An approved 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 approved plan carries penalty or demolition risk.
The approving body, at scale
KSDB
Planning authority · Karnataka State Slum Development BoardHas approved 282 RERA projects — 3.2% of Karnataka.
an apartments market — 100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.
- Builders
- 31
- On record
- 1,002 flats · 0 plots
- Reach
- 141 taluks
- Since
- 2019
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.
06
Complaints & litigation
RERA Karnataka · public recordNone on record with RERA Karnataka against this project.
Only disputes escalated to the authority appear on the record — a private disagreement never filed here would not. A count from the public record, not a verdict.
What the builder declared
Declared to RERA Karnataka- Litigation
- None declared in this filing
Only what the builder declared, or what RERA Karnataka records itself, can appear here — a case filed elsewhere and never declared would not.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with RERA Karnataka, or that this register doesn’t publish it — never that nothing happened.
07
Other projects nearby
The register · within 25 km901 residential projects still under way within 25 km. Step out ring by ring:
4 projects within 1 km — showing the nearest 4.
Bengaluru SouthApartment
BRIGADE KOMARLA HEIGHTS
Brigade Enterprises Ltd
Feb 2022started
Dec 2026target completion
⚠ 1 open complaintDeclared cost₹217.58 CrScale318 flatsAuthorityRERA Karnataka
Bengaluru SouthApartment
BRIGADE NANDA HEIGHTS
Brigade Enterprises Ltd
Jul 2022started
Dec 2026target completion
Declared cost₹84.71 CrScale107 flatsAuthorityRERA Karnataka
BagalkotResidential/Group Housing
Construction of 500 Houses at Bagalkote city
KARNATAKA SLUM DEVELOPMENT BOARD
Oct 2021started
Oct 2026target completion
⚠ no escrow declaredDeclared cost₹34.00 CrAuthorityRERA Karnataka
Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.
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.
Sources
Where each section of this report comes from.
- 01Complete project overview
- The project's registration filing with RERA Karnataka, as the builder submitted it.
- 02Builder's track record
- RERA Karnataka: the builder's registration.
- The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
- 03Location & price analysis
- Address, pincode and declared cost: the RERA Karnataka filing.
- Coordinates: geocoded by Horizon from the filed address with Google Geocoding, matched to the general area only, not the exact site.
- What's nearby and getting around: distances measured by Horizon on OpenStreetMap data, © OpenStreetMap contributors (ODbL). Not from the RERA filing.
- Map: © OpenStreetMap contributors (ODbL).
- 04Government Guidance Rate
- Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes.
- 05Planning authority
- RERA Karnataka: the approved building plan, as filed.
- The approving body's other projects: counted by Horizon across the register.
- 06Complaints & litigation
- RERA Karnataka's public record lists no complaints or litigation for this project.
- 07Other projects nearby
- The RERA-registered projects Horizon holds within 25 km of these coordinates.
Compiled by Horizon from public records. Each fact is reproduced as its source publishes it, and Horizon does not verify filings on the ground. The live record: gethorizon.in/projects/construction-of-895-padmanabhanagara-bengaluru-south-ea4sxwdh.
Horizon does not rate, review, score or signal, and it gives no verdict, opinion or forecast. Its only aim is to seek the truth through data: what the public record says, where each fact comes from, and where the record is silent. Nothing in this document is legal, financial or investment advice; what to make of it is yours to decide.