HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
62 units
Unit mix
12 × 3 BHK · 11 × 3 BHK · 10 × 3 BHK · 10 × 3 BHK · 8 × 5 BHK · 8 × 5 BHK
Towers
1
Floors
40
Land area
2,791 sq m
Built-up area
22,094 sq m
FAR sanctioned
5
Covered area
313 sq m
Open area
2,470 sq m

Timeline

Project startedJul 2023
RERA registeredSep 2023
Proposed completionJul 2029
TodayJul 2026

Find your flat

Filed by type and size, in the batches the promoter registered — not a per-flat listing. Look yours up.

59 units across 6 batches
TypeArea sq mCount
3 BHK1412
3 BHK1511
3 BHK1610
3 BHK1710
5 BHK408
5 BHK428

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

LOTUS PROPERTIES

Partnership FirmPromoter type
Dakshina KannadaBased in
19Projects
3Cities
2020–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
637 homeson the public record across 19 projects
1,18,590 sq mbuilt-up filed
33,684 sq mland declared
₹249.62 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
Mangaluru Urban Development AuthorityUrban Development Authoritythis project14 of 19 projects
Pimpri Chinchawad Municipal CorporationMunicipal Corporation2 of 19 projects
Cochin Municipal CorporationMunicipal Corporation1 of 19 projects
Pimpri Chinchawad Municiple Corporation1 of 19 projects
Tripunithura MunicipalityMunicipality1 of 19 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
Mangalore
District
Dakshina Kannada
Pincode
575006
Address
SY No 57/5(P), 57/5 P7 BOLOOR VILLAGE MANGALORE TALUK AND MANGALORE CITY , NEAR SAI BABA MANDIR LADYHILL CHILIMBI MANGALORE , Mangalore , Dakshina Kannada, Karnataka - 575006
North boundary
REMAINING PORTION OF SAME SY NO
East boundary
SURVEY LINE /KULUR FERRY ROAD
South boundary
REMAINING PORTION OF SAME SY NO
West boundary
REMAINING PORTION OF SAME SY NO
What’s nearby
Schools1 school within 500m · 4 educational institutions within 1km · College or university 669m away
HealthcareHospital 657m away · 1 clinic within 1km · Pharmacy within 1km
LifestyleNo parks within 2km · Gym or sports centre 1.7km away · 4 restaurants and cafes within 1km
ShoppingSupermarket 40m away · Mall 655m away · Bank 160m away
Getting around
Expressway 1.3 kmPrimary road 48 m · Kuloor Ferry RoadRailway line 3.0 kmRailway station 3.2km away (Mangaluru Central)Bus stop within 500m
Water & environment
River 1.1 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹57.98 Cr declared to build 62 flats. What that works out to:

₹93.51 Lakhdeclared cost per flatall-in — land + construction
₹2,438/sq ftof built-up area₹26,241/sq m
12%of the cost is land₹2,322/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

Mangaluru Urban Development Authority

Urban Development Authority
approved 1 Jun 2023 · 3 yrs ago
Building Permit no. E9/BA.01/2023-24(160864) KA NI PA 07/2023-24
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 E9/BA.01/2023-24(160864) KA NI PA 07/2023-24 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projectsabout 1 in 20 in Karnataka.

an apartments market96% 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.

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.
  • Complaints — RERA Karnataka does not publish a complaints register. This read cannot speak to them either way.