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Lotus Enclave

PRM/KA/RERA/1250/303/PR/210525/004160 · RERA Karnataka · https://gethorizon.in/projects/lotus-enclave-devanahalli-oaquzbwl

01

Complete project overview

RERA Karnataka · Registration filing
Project name
Lotus Enclave
Plots
95 plots
Land area
23,648 sq m
Covered area
12,056 sq m
Open area
11,592 sq m
Garage area
12,056 sq m

Timeline

Project startedAug 2020
RERA registeredMay 2021
Proposed completionAug 2022
TodaySep 2026

Find your plot

Every plot the builder registered, with the carpet area they filed. Look yours up and check it against what you were shown.

UnitTypeTotal sq m
1Plot1200
2Plot1200
3Plot1200
4Plot1200
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95Plot1200

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion.

02

Builder’s track record

RERA Karnataka · Builder registration

Muramreddy Dayakar Reddy

IndividualPromoter type
KarnatakaBased in
1Projects
1City
2021–2022Active
Timelineevery project, start → promised completion

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.

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Devanahalli
District
Bengaluru Urban
Pincode
560092
Address
Akkupete Village, Kasaba Hobli, , Devanahalli Taluk, Bangalore Rural District
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.3km away
LifestyleNo parks within 2km · 7 restaurants and cafes within 1km
ShoppingSupermarket 285m away
Getting around
Expressway 1.2 km · Devanahalli BypassPrimary road 348 m · Dabaspete - Hosur HighwayRailway line 2.0 kmRailway station 2.0km away (Devanahalli)Bus stop within 1km
Water & environment
Water body 219 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹8.00 Cr declared to build 95 plots. What that works out to:

₹8.42 Lakhdeclared cost per plotall-in — land + construction
₹314/sq ftof plotted area₹3,383/sq m
63%of the cost is land₹196/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.

04

Government Guidance Rate

Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes

In Karnataka it’s called the guidance value.

₹7,107per sq yd
₹8,500per sq m
Which rate
site (guidance value)
Matched to
The rate published for the village of “AKKUPETE”.
In force
effective Oct 2023

This filing declares ₹3,383 per sq m of plotted area — 0.40× 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 Karnataka’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.
05

Planning authority

RERA Karnataka · Approved building plan

BIAPPA - Bangalore Airport Area Planning Authority

Urban Development Authority
Layout Permit

The promised possession date (11 Aug 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

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

BIAPPA

Urban Development Authority · Bangalore Airport Area Planning Authority

Has approved 328 RERA projects3.8% of Karnataka.

a plotted-layout market30% apartments · 70% plotted layouts. Your plotted layout is this body's core business.

Builders
236
On record
20,448 flats · 19,692 plots
Reach
8 taluks
Since
2017

More layout-heavy than Karnataka overall — 70% 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.

See every project approved by RERA Karnataka

07

Other projects nearby

The register · within 25 km

189 plotted projects still under way within 25 km. Step out ring by ring:

Of the 122 projects the radar draws within 6 km — every kind, every stage — 33 are plotted projects still under way. This list keeps only those, and looks further out.

4 projects within 1 km — showing the nearest 4.

DevanahalliPlotted Development

MAHARAJA IKON PARK

SAMVIR ESTATES LIMITED LIABILITY PARTNERSHIP

Jun 2024started
May 2026target completion
Declared cost₹48.84 CrScale135 plotsAuthorityRERA Karnataka
DevanahalliPlotted Development

Niva Earthscape

Gogineni Kamalendra Kumar

Jul 2024started
Mar 2027target completion
Declared cost₹60.47 CrScale135 plotsAuthorityRERA Karnataka
DevanahalliPlotted Development

MERUSRI SWAMY ORCHARDS

MERUSRI DEVELOPERS

Jul 2024started
Mar 2030target completion
Declared cost₹33.30 CrScale119 plotsAuthorityRERA Karnataka
DevanahalliPlotted Development

Elite Park Phase 2

Elite Estates

Sep 2022started
Dec 2026target completion
Declared cost₹8.27 CrScale94 plotsAuthorityRERA Karnataka

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.

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.