HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
78 units
Unit mix
48 × SHOP · 21 × 2 BHK · 6 × 3 BHK · 3 × 1 BHK
Towers
1
Floors
5
Land area
2,697 sq m
Built-up area
5,562 sq m
FAR sanctioned
2.06
Covered area
1,133 sq m
Open area
1,564 sq m
Land parcels
8 survey nos

Timeline

Project startedFeb 2023
RERA registeredFeb 2023
Proposed completionDec 2026
TodayJul 2026
Construction progress

100% overall, as filed

Sub-structure100%
Super-structure100%
Finishing100%
Internal infra100%
External infra100%
Amenities100%
Common areas100%
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 flat

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

78 units across 4 batches
TypeArea sq mCount
3 BHK976
1 BHK443
SHOP3448
2 BHK7721

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

FORTUNE PROMOTERS

Partnership FirmPromoter type
Dakshina KannadaBased in
8Projects
3Cities
2019–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
292 homeson the public record across 8 projects
31,866 sq mbuilt-up filed
16,614 sq mland declared
₹101.81 Crdeclared build cost

Build cost is what the promoter 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)this project7 of 8 projects
Mangaluru Urban Development AuthorityUrban Development Authority1 of 8 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 promoter, 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.

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Karkala
District
Udupi
Pincode
574104
Address
PLAN SHOWING THE PROPOSED CONSTRUCTION OF COMMERCIAL/RESIDENTIAL BUILDING IN , S.N.126/16A,16B,16C,2A,2B,2C,1,15 OF KARKALA KASABA VILLAGE KARKALA , Karkala , Udupi, Karnataka - 574104
North boundary
13°13'4.43"N
East boundary
13°13'5.00"N
South boundary
74°59'24.61"E
West boundary
74°59'25.36"E
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.1km away · 1 clinic within 1km
LifestylePark 890m away
ShoppingNo supermarket within 2km · Bank 349m away
Getting around
Expressway 2.7 kmPrimary road 651 mNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
River 794 m · Murngi PapanashiniWater body 1.4 km · Aanekere
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
MortgageNone declared on the project / land
BorrowingProject borrowing declared
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

₹18.10 Cr declared to build 78 flats. What that works out to:

₹23.21 Lakhdeclared cost per flatall-in — land + construction
₹3,024/sq ftof built-up area₹32,547/sq m
24%of the cost is land₹1,476/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

Local Planning Authority

Town & Country Planning (DTCP)
approved 24 Nov 2022 · 3 yrs ago
Building Permit no. 81/2022-23Survey no. 126/2a
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 81/2022-23 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Local Planning Authority

Town & Country Planning

Has approved 1,518 RERA projectsabout 1 in 6 in Karnataka.

a mixed market42% apartments · 58% plotted layouts.

Builders
1,212
On record
42,750 flats · 54,584 plots
Reach
128 taluks
Since
2017

More layout-heavy than Karnataka overall — 58% 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.