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Housing Scheme

PRM/KA/RERA/1250/307/PR/211229/004608 · RERA Karnataka · https://gethorizon.in/projects/housing-scheme-nelamangala-8ipq9eyv

01

Complete project overview

RERA Karnataka · Registration filing
Project name
Housing Scheme
Land area
7,38,195 sq m
Covered area
3,38,793 sq m
Open area
3,42,784 sq m

Timeline

Project startedJan 2021
Proposed completionNov 2021
RERA registeredDec 2021
TodaySep 2026
02

Builder’s track record

RERA Karnataka · Builder registration

DS Ramesh Housing Commissioner

Bengaluru UrbanBased in
1Projects
1City
2021–presentActive
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
Taluk
Nelamangala
District
Bengaluru Urban
Pincode
560080
Address
Housing Scheme in Sy No.01 & others of Ahobalapalya village and Sy No.04 & others Machonayakanahalli village Nelamangala Taluk Bengaluru Rural Dist., Kasaba Hobli Nelamangala Taluk Bengaluru Rural Dist.
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 3.7 km · Pune Bangalore HighwayPrimary road 2.8 kmRailway line 2.2 kmRailway station 3.5km away (Gollahalli)Bus stop within 1km
Water & environment
Water body 2.9 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹357.50 Cr declared. What that works out to:

₹450/sq ftof plotted area₹4,843/sq m
35%of the cost is land₹156/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.

04

Government Guidance Rate

Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes

In Karnataka it’s called the guidance value.

₹7,107per sq yd
₹8,500per sq m
Which rate
site (guidance value)
Matched to
The rate published for “MACHONAYAKANAHALLI”.
In force
effective Oct 2023
Spread
₹5,435₹7,107 per sq yd across the places it was taken over

This filing declares ₹4,843 per sq m of plotted area — 0.57× 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 locality, and says so above. How Horizon decides what to show.
05

Planning authority

RERA Karnataka · Approved building plan

Local Planning Authority

Town & Country Planning (DTCP)
Layout Permit

The promised possession date (19 Nov 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

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.

07

Other projects nearby

The register · within 25 km

71 plotted projects still under way within 25 km. Step out ring by ring:

Of the 98 projects the radar draws within 6 km — every kind, every stage — 10 are plotted projects still under way. This list keeps only those, and looks further out.

3 projects between 1 and 3 km — showing the nearest 3.

2.4 km awayPlotted Development

KNS SAMOOHA PHASE III

KNS CK PROJECTS LLP · Nelamangala

Dec 2024started
Aug 2029target completion
no escrow declaredDeclared cost₹101.96 CrScale1,225 plotsAuthorityRERA Karnataka
2.7 km awayPlotted Development

KNS SAMOOHA PHASE - II

KNS VINTAGE INFRA PRIVATE LIMITED · Nelamangala

Dec 2024started
Aug 2029target completion
Declared cost₹28.81 CrScale589 plotsAuthorityRERA Karnataka
3.0 km awayPlotted Development

ASHWASURYA LEGACY

M/s. Suryakalpa Ventures · Nelamangala

Aug 2025started
Dec 2029target completion
Declared cost₹47.88 CrScale245 plotsAuthorityRERA Karnataka

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.

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.