HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
86 units
Unit mix
48 × Residential 2 BHK · 26 × Residential 3 BHK · 8 × Commercial · 4 × Residential 4 BHK
Towers
1
Floors
16
Land area
3,035 sq m
Built-up area
14,122 sq m
FAR sanctioned
3.4
Covered area
524 sq m
Open area
2,511 sq m
Land parcels
3 survey nos

Timeline

Project startedSep 2022
RERA registeredOct 2022
Proposed completionAug 2027
TodayJul 2026
Construction progress

87% overall, as filed

Finishing80%
Amenities82%
Internal infra90%
External infra90%
Super-structure91%
Common areas98%
Sub-structure100%
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.

86 units across 4 batches
TypeArea sq mCount
Residential 3 BHK10026
Commercial898
Residential 2 BHK7048
Residential 4 BHK1764

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

Mukund MGM Realty

Partnership FirmPromoter type
Dakshina KannadaBased in
4Projects
1City
2022–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
303 homeson the public record across 4 projects
53,535 sq mbuilt-up filed
10,288 sq mland declared
₹215.37 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.

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
Dakshina Kannada
District
Dakshina Kannada
Pincode
575006
Address
Sy No 79/2(P), 79/1(P) & 106/2A1(P), Derebail Village , Mangalore , Dakshina Kannada , Dakshina Kannada, Karnataka - 575006
North boundary
12.908931, 74.850607
East boundary
12.909113, 74.850005
South boundary
12.908755, 74.850016
West boundary
12.908684, 74.850504
What’s nearby
SchoolsNearest school 1.5km away · College or university 1.2km away
HealthcareHospital 1.5km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km · Bank 461m away · ATM within 500m
Getting around
Expressway 1.2 kmPrimary road 1.3 kmRailway line 2.9 kmNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 1.5 km · Kavoor Lake
distances only — not a flood assessment
Land, title & encumbrance
LandJoint development (JDA) — built on the owner’s land by agreement
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
MortgageNone declared on the project / land
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

₹46.60 Cr declared to build 86 flats. What that works out to:

₹54.18 Lakhdeclared cost per flatall-in — land + construction
₹3,065/sq ftof built-up area₹32,995/sq m
12%of the cost is land₹1,713/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 20 Jul 2022 · 4 yrs ago
Building Permit no. F14/BA 04/2022-23 KNPA 34/2022-23Survey no. 79/1(p)
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 F14/BA 04/2022-23 KNPA 34/2022-23 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.