HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Land area
20,437 sq m
Open area
20,437 sq m

Timeline

Project startedJan 2021
RERA registeredJan 2021
Proposed completionDec 2022
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Inspira Builders LLP

Bengaluru UrbanBased in
2Projects
1City
2021–2025Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
427 plotson the public record across 2 projects
20,437 sq mplotted area
20,437 sq mland declared
₹40.18 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 project1 of 2 projects
Shivamogga Urban Development AuthorityUrban Development Authority1 of 2 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
Shivamogga
District
Shivamogga
Pincode
577201
Address
SY.NO.116/1, 116/2, 116/3, 116/4, 116/5, 116/6 of Mathodu Village, Holauru Hobli, Shimoga Taluk and District
What’s nearby
Schools2 schools within 1km · 6 educational institutions within 1km · College or university 248m away
HealthcareHospital 568m away · 6 clinics within 1km
LifestyleNo parks within 2km · 5 restaurants and cafes within 1km
ShoppingSupermarket 795m away · Mall 1.1km away · Bank 548m away
Getting around
Expressway 1.6 kmPrimary road 78 m · Balaraj Arasa RoadRailway line 687 mRailway station 698m away (Shimoga Town)Bus stop within 1km
Water & environment
Canal 1.3 kmRiver 1.4 km · Tunga
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹1.80 Cr declared. What that works out to:

₹82/sq ftof plotted area₹881/sq m
50%of the cost is land₹41/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)
Layout Permit

The promised possession date (31 Dec 2022) 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

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.

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.