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Detailed Report

MRC URBAN

P03290014415 · RERA Andhra Pradesh · https://gethorizon.in/projects/mrc-urban-visakhapatnam-u-5i0w48sr

Timeline

Project startedJan 2024
RERA approvedJan 2024
Proposed completionDec 2026
TodaySep 2026
02

Builder’s track record

RERA Andhra Pradesh · Builder registration

MORCORP CONSTRUCTIONS PRIVATE LIMITED

CompanyPromoter type
VisakhapatnamBased in
1Projects
1City
2024–presentActive
Timelineevery project, start → promised completion
MRC URBAN

MRC URBAN

this project
Commercial
Jan 2024started
Dec 2026target completion
3,845 sq m₹11.79 Cr

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 Andhra Pradesh · Registration filing
The Horizon Radar(within 6 km)
2km4km6kmN
  • This project
  • 35 new projects last year
  • 205 nearby projects
1 km radius · coordinates as filed · 17.7197, 83.3150 · © OpenStreetMap contributors
Village
Visakhapatnam
Mandal
Visakhapatnam(U)
District
Visakhapatnam
Pincode
530003
What’s nearby
Schools1 school within 1km · College or university 1.4km away · Kindergarten within 500m
HealthcareHospital 223m away · Clinic within 2km · Pharmacy within 1km
LifestylePark 1.7km away · Gym or sports centre 553m away · 35+ restaurants and cafes within 1km
ShoppingSupermarket 474m away · Mall 563m away · Bank 328m away
Getting around
Primary road 135 m · Ram Nagar Main RoadRailway line 2.4 kmRailway station 2.6km away (Visakhapatnam)Bus stop within 500m
Water & environment
Water body 1.0 km · Central Plaza
distances only — not a flood assessment
Declared external development
Roads0%
Water supply0%
Sewage0%
Electricity0%
Solid waste0%
Fire safety0%
Water0%
Emergency exits0%
Renewable energy0%
% complete as filed at registration — no progress updates are published, so this is a starting-line snapshot.
Price analysisdeclared build cost — not a sale price

₹11.79 Cr declared. What that works out to:

1%of the cost is 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

Satellite view of the site

Google Open Buildings, 2016–2023 · Sentinel-2 imagery

A building already stood within ~20 m of the recorded location in 2016 — before this project started in 2024. The yearly view ends in 2023, so it does not cover this project's own construction; see the 2026 image.

Satellite view, year by year

loading 2023…

Height estimated by a model from satellite imagery — not a survey, and the series ends in 2023. The dashed shape is within ~20 m of the filed location.

Satellite photographs of the same ground

Feb 2017
Mar 2023
Feb 2026

Sentinel-2, 10 m per pixel — about 400 m of ground across. Each frame is one dry-season day, so haze can dull a site.

How to read this

  • A building is first visible in 2016.
  • This state publishes a point, not a plot outline, so the shape is a circle around it. A neighbour’s building can fall inside.
  • Site is a ~20 m circle around the RERA point, not a plot outline: buildings inside it may belong to neighbours.
  • The yearly site view ends in 2023, before this project started in 2024.

Google Open Buildings 2.5D Temporal (CC BY 4.0) · Contains modified Copernicus Sentinel data 2017–2026

05

Government Guidance Rate

AP Registration & Stamps

In Andhra Pradesh it’s called the market value — the registration department's figure, not a sale price.

₹65,000per sq yd
₹77,739per sq m
Which rate
residential (urban)
Matched to
The rate published for the village of “Visakhapatnam”.
In force
effective Feb 2025
Spread
₹40,000 – ₹7,00,000 per sq yd across the places it was taken over

What this number is — and isn’t

  • The minimum value Andhra Pradesh’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.
06

Planning authority

RERA Andhra Pradesh · Approved building plan

Director, Town and Country Planning

Town & Country Planning (DTCP) · VISAKHAPATNAM
approved 15 Dec 2023 · 2 yrs ago
Building Permit no. 1086/3513/B/Z4/DLS/2023Survey no. 1027
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.

Verify it yourself — look up plan 1086/3513/B/Z4/DLS/2023 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the approval.

The approving body, at scale

Visakhapatnam

Municipal Corporation

Has approved 1,344 RERA projects — about 1 in 5 in Andhra Pradesh, more than any other body in the state.

an apartments market — 87% apartments · 13% plotted layouts. Apartments like yours are this body's core business.

Builders
840
On record
39,785 flats · 20,512 plots
Reach
27 mandals
Since
2009

More apartment-heavy than Andhra Pradesh overall — 87% apartments here vs 74% 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 Andhra Pradesh→

08

Other projects nearby

The register · within 25 km

9 commercial projects still under way within 25 km. Step out ring by ring:

Of the 205 projects the radar draws within 6 km — every kind, every stage — 7 are commercial projects still under way. This list keeps only those, and looks further out.

5 projects between 1 and 3 km — showing the nearest 5.

1.3 km awayCommercial

MATHURA

ANVIKA BUILDERS · Visakhapatnam

Dec 2024registered
Jun 2027target completion
Declared cost₹24.70 CrAuthorityRERA Andhra Pradesh
Open the read
1.4 km awayCommercial

LORVEN HEIGHTS

M/S NAVAYUGA CONSTRUCTIONS · Visakhapatnam

May 2024registered
Dec 2026target completion
Declared cost₹11.87 CrAuthorityRERA Andhra Pradesh
Open the read
2.1 km awayCommercial

PADMA PUJITHA HARMONY PLAZA

PADMA PUJITHA PROPERTIES · Allipuram · Visakhapatnam

Jul 2026registered
Oct 2028target completion
Declared cost₹13.33 CrAuthorityRERA Andhra Pradesh
Open the read
2.4 km awayCommercial

KOTA ENCLAVE

JAYARAM ESTATES & NIRMAN · Resappuvanipalem · Visakhapatnam

Aug 2026registered
Jan 2028target completion
Declared cost₹1.86 CrAuthorityRERA Andhra Pradesh
Open the read
2.5 km awayCommercial

GLK TOWERS

M/S.JAYARAM CONSTRUCTIONS REP BY ITS PROPRIETOR MALLADI PHANENDRA REDDY · Maddilapalem · Visakhapatnam

Mar 2026registered
Dec 2028target completion
Declared cost₹4.66 CrAuthorityRERA Andhra Pradesh
Open the read

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.

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.
  • Construction progress — RERA Andhra Pradesh does not publish quarterly progress reports. How far along it actually is cannot be read here.
  • Complaints — RERA Andhra Pradesh does not publish a complaints register. This read cannot speak to them either way.
  • Escrow — RERA Andhra Pradesh does not publish escrow declarations. Whether buyer money is ring-fenced cannot be read here.

Sources

Where each section of this report comes from.

  1. 01Complete project overview
    • The project's registration filing with RERA Andhra Pradesh, as the builder submitted it.
  2. 02Builder's track record
    • RERA Andhra Pradesh: the builder's registration.
    • The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
  3. 03Location & price analysis
    • Address, pincode and declared cost: the RERA Andhra Pradesh filing.
    • Coordinates: as filed with RERA Andhra Pradesh.
    • What's nearby and getting around: distances measured by Horizon on OpenStreetMap data, © OpenStreetMap contributors (ODbL). Not from the RERA filing.
    • The Horizon Radar: the RERA-registered projects Horizon holds within 6 km of these coordinates.
    • Map: © OpenStreetMap contributors (ODbL).
  4. 04Satellite view of the site
    • Building footprint and height by year: Google Open Buildings 2.5D Temporal (CC BY 4.0), a model estimate of building presence and height from satellite imagery.
    • Photographs: Copernicus Sentinel-2 imagery (contains modified Copernicus Sentinel data 2017–2026).
  5. 05Government Guidance Rate
    • AP Registration & Stamps.
  6. 06Planning authority
    • RERA Andhra Pradesh: the approved building plan, as filed.
    • The approving body's other projects: counted by Horizon across the register.
  7. 07Complaints & litigation
    • RERA Andhra Pradesh's public record lists no complaints or litigation for this project.
  8. 08Other projects nearby
    • The RERA-registered projects Horizon holds within 25 km of these coordinates.

Compiled by Horizon from public records. Each fact is reproduced as its source publishes it, and Horizon does not verify filings on the ground. The live record: gethorizon.in/projects/mrc-urban-visakhapatnam-u-5i0w48sr.

Horizon does not rate, review, score or signal, and it gives no verdict, opinion or forecast. Its only aim is to seek the truth through data: what the public record says, where each fact comes from, and where the record is silent. Nothing in this document is legal, financial or investment advice; what to make of it is yours to decide.