The only project Horizon has read from this builder so far. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.
Builder's track record — done
03
Location & price analysis
RERA Karnataka · Registration filing
Taluk
Devanahalli
District
Bengaluru Urban
Pincode
562157
Address
#survey no 64, Boodihala Village, Devanahalli Taluka
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 4.4km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Primary road 1.1 km · Budigere RoadNo metro or railway within 5kmBus stop within 1km
Water & environment
Water body 269 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price
₹23.00 Cr declared to build 261 plots. What that works out to:
₹8.81 Lakhdeclared cost per plotall-in — land + construction
₹301/sq ftof plotted area₹3,243/sq m
48%of the cost is land₹144/sq ft of land
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.
Location & price analysis — done
04
Government Guidance Rate
Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes
In Karnataka it’s called the guidance value.
₹10,452per sq yd
₹12,500per sq m
Which rate
site (guidance value)
Matched to
The rate published for the village of “BHOODIHALA”.
In force
effective Oct 2023
Spread
₹4,181 – ₹10,452 per sq yd across the places it was taken over
This filing declares ₹3,243 per sq m of plotted area — 0.26× the government figure. Declared cost is land and construction; the government guidance rate is what the state will not register a sale below. Neither is a sale price.
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 village, and says so above. How Horizon decides what to show.
Government Guidance Rate — done
05
Planning authority
RERA Karnataka · Approved building plan
BMRDA - Bangalore Metropolitan Region Development Authority
Urban Development Authority
Layout Permit
The promised possession date (15 Aug 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
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
BMRDA
Urban Development Authority · Bangalore Metropolitan Region Development Authority
Has approved 550 RERA projects — about 1 in 16 in Karnataka.
a mixed market — 46% apartments · 54% plotted layouts.
Builders
441
On record
16,246 flats · 16,792 plots
Reach
14 taluks
Since
2017
More layout-heavy than Karnataka overall — 54% 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.
None 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.
Complaints & litigation — done
07
Other projects nearby
The register · within 25 km
198 plotted projects still under way within 25 km. Step out ring by ring:
Of the 56 projects the radar draws within 6 km — every kind, every stage — 8 are plotted projects still under way. This list keeps only those, and looks further out.
1 project within 3 km — showing the nearest 1.
10 m awayPlotted Development
Tivoli Hills Phase 2
THills Private Limited formerly known as Jaganmata Property Developers Private Limited · Bengaluru North
4 yr 8 mo
Oct 2021started
Jun 2026target completion
⚠ no escrow declaredDeclared cost₹59.27 CrScale110 plotsAuthorityRERA Karnataka