HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Land area
5,058 sq m
Covered area
2,636 sq m
Open area
2,422 sq m

Timeline

Project startedOct 2016
Proposed completionDec 2018
RERA registeredAug 2023
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

NAGARATHNAMMA

IndividualPromoter type
KarnatakaBased in
1Projects
1City
2023–presentActive
Timelineevery project, start → promised completion

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
Bhadravathi
District
Shivamogga
Pincode
577229
Address
SURVEY NO 28/6, KAVALGUNDI HEBBANDI ROAD
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 2.4km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 1.1 kmPrimary road 2.9 kmRailway line 790 mRailway station 3.2km away (Bhadravati)Limited bus connectivity nearby
Water & environment
Canal 1.3 km · Bhadra Left Bank CanalRiver 1.8 km · BhadraWater body 2.3 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹39.00 Lakh declared. What that works out to:

31%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

Shivamogga Urban Development Authority

Urban Development Authority
Building Permit

The promised possession date (4 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

Shivamogga Urban Development Authority

Urban Development Authority

Has approved 114 RERA projects1.3% of Karnataka.

a plotted-layout market21% apartments · 79% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.

Builders
103
On record
4,585 flats · 3,302 plots
Reach
7 taluks
Since
2018

More layout-heavy than Karnataka overall — 79% 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.

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.