HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Units
92 units
Unit mix
12 × Flat - 2 BHK · 12 × Flat - 2 BHK · 12 × Flat - 2 BHK · 12 × Flat - 2 BHK · 6 × Flat - 3 BHK · 6 × Flat - 2 BHK · 6 × Flat - 3 BHK · 6 × Flat - 2 BHK · 6 × Flat - 2 BHK · 6 × Flat - 3BHK · 4 × Villa · 1 × Shop · 1 × Shop · 1 × Shop · 1 × Shop
Towers
1
Floors
16
Land area
3,765 sq m
Built-up area
13,505 sq m
FAR sanctioned
3
Covered area
832 sq m
Open area
2,933 sq m
Land parcels
1 survey no

Timeline

Project startedApr 2024
RERA registeredOct 2024
Proposed completionSep 2027
TodayJul 2026
Construction progress

70% overall, as filed

Finishing0%
Internal infra0%
External infra0%
Amenities0%
Super-structure25%
Common areas28%
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.

92 units across 15 batches
TypeArea sq mCount
Shop2561
Flat - 3 BHK196
Flat - 2 BHK612
Shop2911
Flat - 2 BHK612
Flat - 2 BHK146
Flat - 3 BHK186
Flat - 2 BHK612
Shop1061
Flat - 2 BHK126
Flat - 2 BHK146
Villa454
Flat - 3BHK116
Flat - 2 BHK712
Shop881

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
Property Id - S20-2222,S20-2222/4,S20/2222/2,S20/2222/3 , Sy No.169/2A2P, 169/2A3, 169/2B , Opp sadguru apartment Kuntikana Derabail Mangalore , Dakshina Kannada , Dakshina Kannada, Karnataka - 575006
North boundary
Portion of the same Sub-Division
East boundary
Survey Line
South boundary
Sub-Division Line
West boundary
Portion of the same Sub-Division / Road
What’s nearby
SchoolsNearest school 1.0km away · College or university 1.7km away · Library 2.0km away
HealthcareHospital 776m away · Clinic within 2km
LifestyleNo parks within 2km · 4 restaurants and cafes within 1km
ShoppingSupermarket 1.5km away · Bank 561m away · ATM within 500m
Getting around
Expressway 233 mPrimary road 1.0 km · Kuloor Ferry RoadRailway line 3.7 kmRailway station 4.2km away (Mangaluru Central)Limited bus connectivity nearby
Water & environment
River 1.7 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

₹39.54 Cr declared to build 92 flats. What that works out to:

₹42.97 Lakhdeclared cost per flatall-in — land + construction
₹2,720/sq ftof built-up area₹29,275/sq m
27%of the cost is land₹2,600/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 Feb 2024 · 2 yrs ago
Building Permit no. Mangalore City CorporationSurvey no. 169/2a2p , 169/2a3 , 169/2b
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 Mangalore City Corporation 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.