HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Towers
1
Land area
1,457 sq m
FAR sanctioned
2.2
Covered area
507 sq m
Open area
950 sq m
Garage area
13 sq m

Timeline

Project startedJan 2020
RERA registeredFeb 2020
Proposed completionJul 2022
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

LOTUS PROPERTIES

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.2413A1(P) & 24l3A1P1, Kankanady Village,Pumpwell Mangalore
What’s nearby
SchoolsNearest school 1.3km away · College or university 1.2km away
HealthcareHospital 299m away · Clinic within 2km
LifestyleNo parks within 2km
ShoppingSupermarket 1.6km away · Convenience store within 1km · Bank 387m away
Getting around
Expressway 79 mPrimary road 362 mRailway line 956 mRailway station 1.4km away (Mangaluru Junction)Limited bus connectivity nearby
Price analysisdeclared build cost — not a sale price

₹14.70 Cr declared. What that works out to:

39%of the cost is 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
Building Permit

The promised possession date (31 Jul 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

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.

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.