HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Towers
1
Land area
1,930 sq m
FAR sanctioned
4
Covered area
1,158 sq m
Open area
772 sq m
Garage area
563 sq m

Timeline

Project startedJan 2017
RERA registeredFeb 2017
Proposed completionDec 2018
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

SHRI SAI BALAJI CONSTRUCTIONS

Bengaluru UrbanBased in
1Projects
1City
2017–2018Active
Timelineevery project, start → promised completion
mounika park vesta

mounika park vesta

this project
Residential/Group Housing
Jan 2017started
Dec 2018target completion
₹9.20 Cr

The only project Horizon has read from this promoter 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
Bengaluru East
District
Bengaluru Urban
Address
muniswamappa garden 1st cross, defence colony rajanna layout
What’s nearby
Schools4 schools within 500m · 17 educational institutions within 1km · College or university 1.0km away
HealthcareHospital 471m away · 9 clinics within 1km · Pharmacy within 500m
LifestylePark 1.7km away · Gym or sports centre 490m away · 21+ restaurants and cafes within 1km
ShoppingSupermarket 514m away · Mall 1.1km away · Convenience store within 500m
Getting around
Expressway 1.8 km · Outer Ring RoadPrimary road 627 m · Bannerghatta RoadRailway line 4.9 kmMetro station 1.6km away (Jayanagar)Bus stop within 1km
Water & environment
Water body 212 m · Byrasandra Lake
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹9.20 Cr declared. What that works out to:

86%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

BBMP - Bruhat Bengaluru Mahanagara Palike

Municipal / Corporation
Building Permit

The promised possession date (11 Dec 2018) 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

BBMP

Municipal Corporation · Bruhat Bengaluru Mahanagara Palike

Has approved 2,111 RERA projects — about 1 in 4 in Karnataka, more than any other body in the state.

an apartments market — 100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.

Builders
1,619
On record
1,14,417 flats · 373 plots
Reach
9 taluks
Since
2017

More apartment-heavy than Karnataka overall — 100% 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.