12.5% of the total saleable plots has been mortgaged by the UIT Barmer against the internal development work of the project those plots are plot no. 26, 27, 36, 37, 46, 47
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
RAJ-RERA · Registration filing
Address
3282/555 , MAGRA, Barmer, Barmer, 344001
Village
MAGRA
Taluka
Barmer
District
Barmer
Pincode
344001
What’s nearby
SchoolsNo schools within 2km · Library 1.9km away
HealthcareHospital 590m away
LifestyleNo parks within 2km
ShoppingSupermarket 1.7km away · Mall 1.8km away
Getting around
Expressway 520 mPrimary road 1.9 km · Phalsund-Barmer RoadRailway line 474 mRailway station 3.4km away (Barmer)Limited bus connectivity nearby
Price analysisdeclared build cost — not a sale price
₹2.80 Cr declared. What that works out to:
₹201/sq ftof plotted area₹2,162/sq m
89%of the cost is land₹179/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
Rajasthan IGRS — DLC rates (rural branch)
In Rajasthan it’s called the DLC rate.
₹711per sq yd
₹850per sq m
Which rate
residential, interior plot
Matched to
The rate published for the village of “Magra”.
This filing declares ₹2,162 per sq m of plotted area — 2.54× 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 Rajasthan’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
RAJ-RERA · Approved building plan
Urban Improvement Trust
Urban Improvement Trust
Layout Permitapproved 20 Feb 2021 · 5 yrs ago
The promised possession date (6 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
Urban Improvement Trust
A city-level Urban Improvement Trust — Rajasthan's town-development body in cities without a development authority. It has approved 612 RERA projects across 20 districts — about 1 in 4 in Rajasthan.
Volume is context, not a verdict — a busier authority is not a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.