HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
92 units
Unit mix
12 × SHOP · 8 × FLAT · 8 × FLAT · 8 × FLAT · 8 × FLAT · 8 × FLAT · 8 × FLAT · 8 × FLAT · 5 × SHOP · 3 × SHOP · 2 × SHOP · 2 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP · 1 × SHOP
Towers
1
Floors
11
Land area
1,619 sq m
Built-up area
7,885 sq m
FAR sanctioned
5
Covered area
678 sq m
Open area
943 sq m
Land parcels
1 survey no

Timeline

Project startedFeb 2025
RERA registeredMar 2025
Proposed completionSep 2028
TodayJul 2026
Construction progress

25% overall, as filed

Super-structure0%
Finishing0%
Internal infra0%
External infra0%
Amenities0%
Common areas0%
Sub-structure86%
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.

92 units across 24 batches
TypeArea sq mCount
SHOP521
SHOP43
SHOP331
FLAT138
SHOP52
SHOP571
SHOP321
FLAT98
SHOP25
SHOP401
FLAT108
FLAT88
FLAT148
SHOP531
SHOP411
SHOP81
SHOP441
FLAT88
SHOP72
SHOP171
SHOP471
SHOP161
FLAT108
SHOP112

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
Dakshina Kannada
District
Dakshina Kannada
Pincode
575006
Address
TS NO 1548/6B2 BOLOOR B VILLAGE DERABAIL WARD URVA MANGALORE -575006 , TS NO 1548/6B2 BOLOOR B VILLAGE DERABAIL WARD URVA MANGALORE -575006 , Dakshina Kannada , Dakshina Kannada, Karnataka - 575006
North boundary
TS NO NO 1548/6B1
East boundary
TS NO 1548/4A2 AND TS NO 1548/4B1
South boundary
TS NO 1548/6B3
West boundary
ROAD
What’s nearby
Schools1 school within 1km · 4 educational institutions within 1km · College or university 544m away
HealthcareHospital 555m away · 1 clinic within 1km
LifestyleNo parks within 2km · Gym or sports centre 1.9km away
ShoppingSupermarket 616m away · Mall 94m away · Bank 389m away
Getting around
Expressway 1.8 kmPrimary road 540 m · Ladyhill CircleRailway line 3.1 kmRailway station 3.3km away (Mangaluru Central)Bus stop within 500m
Water & environment
River 1.0 km · GurupuraWater body 1.4 km
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
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

₹28.18 Cr declared to build 92 flats. What that works out to:

₹30.63 Lakhdeclared cost per flatall-in — land + construction
₹3,320/sq ftof built-up area₹35,734/sq m
14%of the cost is land₹2,255/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 25 Nov 2024 · 1 yr ago
Building Permit no. E9/BA09/2024-25(187244)KANIPA74/24-25Survey no. 1548/6b2
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/BA09/2024-25(187244)KANIPA74/24-25 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.

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.