MangaloreMixed Development
KRISHNA KUMUDA
SRI DEVIDAYAL BUILDERS & DEVELOPERS
Mar 2024started
Dec 2028target completion
Declared cost₹5.52 CrScale16 flatsAuthorityRERA Karnataka
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Detailed ReportGTI MARIGOLD
01
Complete project overview
RERA Karnataka · Registration filing- Project name
- GTI MARIGOLD
- Towers
- 1
- Land area
- 1,113 sq m
- FAR sanctioned
- 2
- Covered area
- 424 sq m
- Open area
- 689 sq m
Timeline
Project startedJun 2018
RERA registeredOct 2018
Proposed completionDec 2021
TodaySep 2026
Find your flat
Every flat the builder registered, with the carpet area they filed. Look yours up and check it against what you were shown.
UnitTypeCarpet sq mUndivided share sq m
1011st Floor2BHK734.78
1021st Floor3BHK875.66
1031st Floor2BHK734.78
1041st Floor2BHK734.78
2012nd Floor2BHK734.78
2022nd Floor3BHK875.66
2032nd Floor2BHK734.78
2042nd Floor2BHK734.78
3013rd Floor2BHK734.78
3023rd Floor3BHK875.66
3033rd Floor2BHK734.78
3043rd Floor2BHK734.78
4014th Floor2BHK734.78
4024th Floor3BHK875.66
4034th Floor2BHK734.78
4044th Floor2BHK734.78
5015th Floor1BHK332.05
5025th Floor3BHK875.66
5035th Floor2BHK734.78
5045th Floor1BHK332.05
5055th Floor1BHK382.73
5065th Floor1BHK382.73
Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. Carpet area is the legally meaningful number — not the super built-up figure a brochure quotes. Undivided share is the portion of the land that comes with the unit, as filed — a share of the whole plot, not a demarcated piece of ground.
| Unit | Type | Carpet | Undivided share | Unit | Type | Carpet | Undivided share |
|---|---|---|---|---|---|---|---|
| 1011st Floor | 2BHK | 73 | 4.78 | 1021st Floor | 3BHK | 87 | 5.66 |
| 1031st Floor | 2BHK | 73 | 4.78 | 1041st Floor | 2BHK | 73 | 4.78 |
| 2012nd Floor | 2BHK | 73 | 4.78 | 2022nd Floor | 3BHK | 87 | 5.66 |
| 2032nd Floor | 2BHK | 73 | 4.78 | 2042nd Floor | 2BHK | 73 | 4.78 |
| 3013rd Floor | 2BHK | 73 | 4.78 | 3023rd Floor | 3BHK | 87 | 5.66 |
| 3033rd Floor | 2BHK | 73 | 4.78 | 3043rd Floor | 2BHK | 73 | 4.78 |
| 4014th Floor | 2BHK | 73 | 4.78 | 4024th Floor | 3BHK | 87 | 5.66 |
| 4034th Floor | 2BHK | 73 | 4.78 | 4044th Floor | 2BHK | 73 | 4.78 |
| 5015th Floor | 1BHK | 33 | 2.05 | 5025th Floor | 3BHK | 87 | 5.66 |
| 5035th Floor | 2BHK | 73 | 4.78 | 5045th Floor | 1BHK | 33 | 2.05 |
| 5055th Floor | 1BHK | 38 | 2.73 | 5065th Floor | 1BHK | 38 | 2.73 |
02
Builder’s track record
RERA Karnataka · Builder registrationM/S GENERAL TRUST INFRASTRUCTURE
Dakshina KannadaBased in
1Projects
1City
2018–2021Active
Timelineevery project, start → promised completion
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.
03
Location & price analysis
RERA Karnataka · Registration filing- This project
- 32 new projects last year
- 425 nearby projects
- Taluk
- Mangalore
- District
- Dakshina Kannada
- Pincode
- 575015
- Address
- NO.79 PADAVU VILLAGE R.S.NO.2351A1, KOPPALKAD YEYYADY MANGALORE
What’s nearby
Schools1 school within 1km · College or university 501m away
HealthcareNearest hospital 2.2km away
LifestyleNo parks within 2km · 4 restaurants and cafes within 1km
ShoppingNo supermarket within 2km · Bank 367m away · ATM within 500m
Getting around
Expressway 1.5 kmPrimary road 166 mRailway line 2.2 kmRailway station 4.4km away (Mangaluru Junction)Limited bus connectivity nearby
Water & environment
Water body 1.4 km
distances only — not a flood assessmentPrice analysisdeclared build cost — not a sale price
₹3.10 Cr declared. What that works out to:
35%of the cost is 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.
04
Satellite view of the site
Google Open Buildings, 2016–2023 · Sentinel-2 imageryOpen ground within ~20 m of the recorded location until 2020; a building is first visible in 2021 and is about 11 m tall by 2023.
Satellite view, year by year
loading 2023…
Height estimated by a model from satellite imagery — not a survey, and the series ends in 2023. The dashed shape is within ~20 m of the filed location.
Satellite photographs of the same ground
Sentinel-2, 10 m per pixel — about 400 m of ground across. Each frame is one dry-season day, so haze can dull a site.
How to read this
- A building is first visible in 2021.
- This state publishes a point, not a plot outline, so the shape is a circle around it. A neighbour’s building can fall inside.
- Site is a ~20 m circle around the RERA point, not a plot outline: buildings inside it may belong to neighbours.
Google Open Buildings 2.5D Temporal (CC BY 4.0) · Contains modified Copernicus Sentinel data 2017–2026
05
Government Guidance Rate
Karnataka registration departmentIn Karnataka it’s called the guidance value.
No government guidance rate is shown for this project.
Karnataka's guidance-value gazettes are in Horizon's record, but this project's address doesn't name a place any of its sub-registrar's tables print.
That is a statement about what Horizon can place — not a sign that no rate exists, and not a signal about the project.
06
Planning authority
RERA Karnataka · Approved building planBuilding Permit
The promised possession date (19 Dec 2021) 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
Mangaluru Urban Development Authority
Urban Development AuthorityHas approved 440 RERA projects — about 1 in 20 in Karnataka.
an apartments market — 96% 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.
07
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.
08
Other projects nearby
The register · within 25 km170 residential projects still under way within 25 km. Step out ring by ring:
Of the 425 projects the radar draws within 6 km — every kind, every stage — 119 are residential projects still under way. This list keeps only those, and looks further out.
4 projects within 1 km — showing the nearest 4.
MangaloreApartment
BHARATHI SOWPARNIKA
BHARATHI BUILDERS AND DEVELOPERS
Aug 2022started
Dec 2029target completion
Declared cost₹25.68 CrScale80 flatsAuthorityRERA Karnataka
MangaloreApartment
GENESIS WHITE CORNUS
GENESIS ENGINEERS
Jan 2023started
Dec 2026target completion
Declared cost₹9.95 CrScale35 flatsAuthorityRERA Karnataka
Dakshina KannadaApartment
EKAA ARCADE
CHAITALI SHASHIDHAR SHETTY
Jun 2024started
Oct 2027target completion
Declared cost₹9.42 CrScale20 flatsAuthorityRERA 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 locality centre, 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.
- The Horizon Radar: the RERA-registered projects Horizon holds within 6 km of these coordinates.
- Map: © OpenStreetMap contributors (ODbL).
- 04Satellite view of the site
- Building footprint and height by year: Google Open Buildings 2.5D Temporal (CC BY 4.0), a model estimate of building presence and height from satellite imagery.
- Photographs: Copernicus Sentinel-2 imagery (contains modified Copernicus Sentinel data 2017–2026).
- 05Government Guidance Rate
- No government guidance rate could be matched to this project from Karnataka's published schedules.
- 06Planning authority
- RERA Karnataka: the approved building plan, as filed.
- The approving body's other projects: counted by Horizon across the register.
- 07Complaints & litigation
- RERA Karnataka's public record lists no complaints or litigation for this project.
- 08Other 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/gti-marigold-mangalore-sujtk8yu.
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.