1.7 km awayCommercial
Heda Arcade
VIJAYKUMAR RATANLAL HEDA PROP OF VIJAY ENTERPRISES · Belagavi
Feb 2024started
Sep 2027target completion
Declared cost₹12.28 CrScale22 flatsAuthorityRERA Karnataka
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Detailed ReportNAIK TOWER
01
Complete project overview
RERA Karnataka · Registration filing- Units
- 57 units
- Unit mix
- 57 × COMMERCIAL
- Towers
- 1
- Floors
- 5
- Land area
- 2,000 sq m
- Built-up area
- 8,415 sq m
- FAR sanctioned
- 2.8
- Covered area
- 1,403 sq m
- Open area
- 597 sq m
- Land parcels
- 1 survey no
Timeline
Project startedMar 2025
RERA registeredMay 2026
Proposed completionSep 2028
TodaySep 2026
Find your flat
Every flat the builder registered, with the carpet area they filed. Look yours up and check it against what you were shown.
UnitTypeCarpet sq mExclusive area sq mUndivided share sq m
SHOP NO.1Ground FloorCOMMERCIAL34.505.8516.40
SHOP NO. 2Ground FloorCOMMERCIAL40.234.2317.89
SHOP NO. 3Ground FloorCOMMERCIAL40.504.2517.99
SHOP NO. 4Ground FloorCOMMERCIAL40.504.2517.99
SHOP NO. 5Ground FloorCOMMERCIAL40.505.3318.39
SHOP NO. 6Ground FloorCOMMERCIAL54.036.0323.55
SHOP NO. 7Ground FloorCOMMERCIAL34.664.3015.89
BLOCK NO.1Ground FloorCOMMERCIAL162.0311.5664.76
BLOCK NO.2Ground FloorCOMMERCIAL162.039.0963.87
BLOCK NO.3Ground FloorCOMMERCIAL158.577.9562.20
BLOCK NO.4Ground FloorCOMMERCIAL239.0814.5893.83
OFFICE NO.11st FloorCOMMERCIAL76.418.2332.47
OFFICE NO.21st FloorCOMMERCIAL40.504.2417.99
OFFICE NO.31st FloorCOMMERCIAL40.504.2417.99
OFFICE NO.41st FloorCOMMERCIAL40.504.2417.99
OFFICE NO.51st FloorCOMMERCIAL40.504.2417.99
OFFICE NO.61st FloorCOMMERCIAL77.236.5032.14
BLOCK NO.11st FloorCOMMERCIAL162.0311.5664.76
BLOCK NO.21st FloorCOMMERCIAL162.039.0963.87
BLOCK NO.31st FloorCOMMERCIAL158.577.9562.20
BLOCK NO.41st FloorCOMMERCIAL239.0814.5893.83
BLOCK NO-12nd FloorCOMMERCIAL83.999.9834.11
BLOCK NO-22nd FloorCOMMERCIAL687.5627.43
BLOCK NO-32nd FloorCOMMERCIAL687.5627.43
BLOCK NO-42nd FloorCOMMERCIAL687.5627.43
BLOCK NO-52nd FloorCOMMERCIAL687.5627.43
BLOCK NO-62nd FloorCOMMERCIAL65.729.0927.16
BLOCK NO-72nd FloorCOMMERCIAL74.517.9929.95
BLOCK NO-82nd FloorCOMMERCIAL74.517.9929.95
BLOCK NO-92nd FloorCOMMERCIAL110.7611.7244.46
BLOCK NO-102nd FloorCOMMERCIAL91.2612.3737.62
BLOCK NO-112nd FloorCOMMERCIAL92.9311.4137.88
BLOCK NO-122nd FloorCOMMERCIAL94.6810.3138.11
BLOCK NO-13rd FloorCOMMERCIAL83.999.9834.11
BLOCK NO-23rd FloorCOMMERCIAL687.5627.43
BLOCK NO-33rd FloorCOMMERCIAL687.5627.43
BLOCK NO-43rd FloorCOMMERCIAL687.5627.43
BLOCK NO-53rd FloorCOMMERCIAL687.5627.43
BLOCK NO-63rd FloorCOMMERCIAL65.729.0927.16
BLOCK NO-73rd FloorCOMMERCIAL74.517.9929.95
BLOCK NO-83rd FloorCOMMERCIAL74.517.9929.95
BLOCK NO-93rd FloorCOMMERCIAL110.7611.7244.46
BLOCK NO-103rd FloorCOMMERCIAL91.2612.3737.62
BLOCK NO-113rd FloorCOMMERCIAL92.9311.4137.88
BLOCK NO-123rd FloorCOMMERCIAL94.6810.3138.11
BLOCK NO-14th FloorCOMMERCIAL83.999.9834.11
BLOCK NO-24th FloorCOMMERCIAL687.5627.43
BLOCK NO-34th FloorCOMMERCIAL687.5627.43
BLOCK NO-44th FloorCOMMERCIAL687.5627.43
BLOCK NO-54th FloorCOMMERCIAL687.5627.43
BLOCK NO-64th FloorCOMMERCIAL65.729.0927.16
BLOCK NO-74th FloorCOMMERCIAL74.517.9929.95
BLOCK NO-84th FloorCOMMERCIAL74.517.9929.95
BLOCK NO-94th FloorCOMMERCIAL110.7611.7244.46
BLOCK NO-104th FloorCOMMERCIAL91.2612.3737.62
BLOCK NO-114th FloorCOMMERCIAL92.9311.4137.88
BLOCK NO-124th FloorCOMMERCIAL94.6810.3138.11
Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. Carpet area is the legally meaningful number — not the super built-up figure a brochure quotes. Exclusive area is the common area allotted exclusively to the unit's owner, as the register names it. Undivided share is the portion of the land that comes with the unit, as filed — a share of the whole plot, not a demarcated piece of ground.
| Unit | Type | Carpet | Exclusive area | Undivided share | Unit | Type | Carpet | Exclusive area | Undivided share |
|---|---|---|---|---|---|---|---|---|---|
| SHOP NO.1Ground Floor | COMMERCIAL | 34.50 | 5.85 | 16.40 | SHOP NO. 2Ground Floor | COMMERCIAL | 40.23 | 4.23 | 17.89 |
| SHOP NO. 3Ground Floor | COMMERCIAL | 40.50 | 4.25 | 17.99 | SHOP NO. 4Ground Floor | COMMERCIAL | 40.50 | 4.25 | 17.99 |
| SHOP NO. 5Ground Floor | COMMERCIAL | 40.50 | 5.33 | 18.39 | SHOP NO. 6Ground Floor | COMMERCIAL | 54.03 | 6.03 | 23.55 |
| SHOP NO. 7Ground Floor | COMMERCIAL | 34.66 | 4.30 | 15.89 | BLOCK NO.1Ground Floor | COMMERCIAL | 162.03 | 11.56 | 64.76 |
| BLOCK NO.2Ground Floor | COMMERCIAL | 162.03 | 9.09 | 63.87 | BLOCK NO.3Ground Floor | COMMERCIAL | 158.57 | 7.95 | 62.20 |
| BLOCK NO.4Ground Floor | COMMERCIAL | 239.08 | 14.58 | 93.83 | OFFICE NO.11st Floor | COMMERCIAL | 76.41 | 8.23 | 32.47 |
| OFFICE NO.21st Floor | COMMERCIAL | 40.50 | 4.24 | 17.99 | OFFICE NO.31st Floor | COMMERCIAL | 40.50 | 4.24 | 17.99 |
| OFFICE NO.41st Floor | COMMERCIAL | 40.50 | 4.24 | 17.99 | OFFICE NO.51st Floor | COMMERCIAL | 40.50 | 4.24 | 17.99 |
| OFFICE NO.61st Floor | COMMERCIAL | 77.23 | 6.50 | 32.14 | BLOCK NO.11st Floor | COMMERCIAL | 162.03 | 11.56 | 64.76 |
| BLOCK NO.21st Floor | COMMERCIAL | 162.03 | 9.09 | 63.87 | BLOCK NO.31st Floor | COMMERCIAL | 158.57 | 7.95 | 62.20 |
| BLOCK NO.41st Floor | COMMERCIAL | 239.08 | 14.58 | 93.83 | BLOCK NO-12nd Floor | COMMERCIAL | 83.99 | 9.98 | 34.11 |
| BLOCK NO-22nd Floor | COMMERCIAL | 68 | 7.56 | 27.43 | BLOCK NO-32nd Floor | COMMERCIAL | 68 | 7.56 | 27.43 |
| BLOCK NO-42nd Floor | COMMERCIAL | 68 | 7.56 | 27.43 | BLOCK NO-52nd Floor | COMMERCIAL | 68 | 7.56 | 27.43 |
| BLOCK NO-62nd Floor | COMMERCIAL | 65.72 | 9.09 | 27.16 | BLOCK NO-72nd Floor | COMMERCIAL | 74.51 | 7.99 | 29.95 |
| BLOCK NO-82nd Floor | COMMERCIAL | 74.51 | 7.99 | 29.95 | BLOCK NO-92nd Floor | COMMERCIAL | 110.76 | 11.72 | 44.46 |
| BLOCK NO-102nd Floor | COMMERCIAL | 91.26 | 12.37 | 37.62 | BLOCK NO-112nd Floor | COMMERCIAL | 92.93 | 11.41 | 37.88 |
| BLOCK NO-122nd Floor | COMMERCIAL | 94.68 | 10.31 | 38.11 | BLOCK NO-13rd Floor | COMMERCIAL | 83.99 | 9.98 | 34.11 |
| BLOCK NO-23rd Floor | COMMERCIAL | 68 | 7.56 | 27.43 | BLOCK NO-33rd Floor | COMMERCIAL | 68 | 7.56 | 27.43 |
| BLOCK NO-43rd Floor | COMMERCIAL | 68 | 7.56 | 27.43 | BLOCK NO-53rd Floor | COMMERCIAL | 68 | 7.56 | 27.43 |
| BLOCK NO-63rd Floor | COMMERCIAL | 65.72 | 9.09 | 27.16 | BLOCK NO-73rd Floor | COMMERCIAL | 74.51 | 7.99 | 29.95 |
| BLOCK NO-83rd Floor | COMMERCIAL | 74.51 | 7.99 | 29.95 | BLOCK NO-93rd Floor | COMMERCIAL | 110.76 | 11.72 | 44.46 |
| BLOCK NO-103rd Floor | COMMERCIAL | 91.26 | 12.37 | 37.62 | BLOCK NO-113rd Floor | COMMERCIAL | 92.93 | 11.41 | 37.88 |
| BLOCK NO-123rd Floor | COMMERCIAL | 94.68 | 10.31 | 38.11 | BLOCK NO-14th Floor | COMMERCIAL | 83.99 | 9.98 | 34.11 |
| BLOCK NO-24th Floor | COMMERCIAL | 68 | 7.56 | 27.43 | BLOCK NO-34th Floor | COMMERCIAL | 68 | 7.56 | 27.43 |
| BLOCK NO-44th Floor | COMMERCIAL | 68 | 7.56 | 27.43 | BLOCK NO-54th Floor | COMMERCIAL | 68 | 7.56 | 27.43 |
| BLOCK NO-64th Floor | COMMERCIAL | 65.72 | 9.09 | 27.16 | BLOCK NO-74th Floor | COMMERCIAL | 74.51 | 7.99 | 29.95 |
| BLOCK NO-84th Floor | COMMERCIAL | 74.51 | 7.99 | 29.95 | BLOCK NO-94th Floor | COMMERCIAL | 110.76 | 11.72 | 44.46 |
| BLOCK NO-104th Floor | COMMERCIAL | 91.26 | 12.37 | 37.62 | BLOCK NO-114th Floor | COMMERCIAL | 92.93 | 11.41 | 37.88 |
| BLOCK NO-124th Floor | COMMERCIAL | 94.68 | 10.31 | 38.11 | |||||
02
Builder’s track record
RERA Karnataka · Builder registrationSHIVALAYA CONSTRUCTIONS
Partnership FirmPromoter type
BelagaviBased in
3Projects
2Cities
2019–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
69 homeson the public record across 3 projects
8,894 sq mbuilt-up filed
3,114 sq mland declared
₹29.91 Crdeclared build cost
Build cost is what the builder 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
Baruipur MunicipalityMunicipality1 of 3 projects
Commissioner, City Corporation, BelagaviMunicipal / Corporationthis project1 of 3 projects
Local Planning AuthorityTown & Country Planning (DTCP)1 of 3 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 builder, 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- This project
- 24 new projects last year
- 205 nearby projects
- Taluk
- Belagavi
- District
- Belagavi
- Pincode
- 590008
- Address
- CTS NO-36/1, PLOT NO-05, R.S NO-344/5 , KHANAPUR ROAD, MAJAGAON, UDYAMBHAG , Belagavi , Belagavi, Karnataka - 590008
- North boundary
- R.S NO-344/4
- East boundary
- R.S NO-344/6
- South boundary
- ANGOL ROAD
- West boundary
- KHANAPUR ROAD
What’s nearby
SchoolsNearest school 1.8km away · College or university 585m away
HealthcareHospital 917m away · 1 clinic within 1km · Pharmacy within 1km
LifestyleNo parks within 2km
ShoppingSupermarket 1.8km away · Bank 191m away · ATM within 500m
Getting around
Expressway 201 m · Belgaum - Panaji HighwayPrimary road 953 mRailway line 810 mRailway station 3.8km away (Belagavi)Limited bus connectivity nearby
Water & environment
Water body 1.3 km
distances only — not a flood assessmentLand, title & encumbranceAs declared by the builder 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.
LandOwned by the promoter
ConversionConverted to non-agricultural
Price analysisdeclared build cost — not a sale price
₹21.59 Cr declared to build 57 flats. What that works out to:
₹37.88 Lakhdeclared cost per flatall-in — land + construction
₹2,384/sq ftof built-up area₹25,658/sq m
49%of the cost is land₹4,914/sq ft of 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 imageryThe yearly satellite view ends in 2023 and this project started in 2025, so it does not cover this project's construction: the site was still open ground within ~25 m of the recorded location when the series ends. The 2026 image shows the site more recently.
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 ~25 m of the filed location.
Satellite photographs of the same ground
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
- This series ends in 2023, before this project’s construction — so it shows what stood here before, and says nothing about whether building has since begun. The photograph does that.
- This state publishes a point, not a plot outline, so the shape is a circle around it. A neighbour’s building can fall inside.
- The location could only be checked loosely, so read this site view as indicative rather than as a statement about this project.
- Site is a ~25 m circle around the RERA point, not a plot outline: buildings inside it may belong to neighbours.
- Coordinate checked only against its district, not its pincode.
- The yearly site view ends in 2023, before this project started in 2025.
Google Open Buildings 2.5D Temporal (CC BY 4.0) · Contains modified Copernicus Sentinel data 2017–2026
05
Government Guidance Rate
Karnataka registration departmentIn Karnataka it’s called the guidance value.
No government guidance rate is shown for this project.
Karnataka's guidance-value gazettes are in Horizon's record, but this project's address doesn't name a place any of its sub-registrar's tables print.
That is a statement about what Horizon can place — not a sign that no rate exists, and not a signal about the project.
06
Planning authority
RERA Karnataka · Approved building planapproved 13 Dec 2024 · 1 yr ago
Building Permit no. BGM-LBPAS-26537/24-25/BPSurvey no. 36/1
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 BGM-LBPAS-26537/24-25/BP on the approving authority’s portal to confirm the approval.
The approving body, at scale
Commissioner, City Corporation, Belagavi
Municipal CorporationHas approved 206 RERA projects — 2.4% of Karnataka.
an apartments market — 100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.
- Builders
- 189
- On record
- 2,495 flats · 0 plots
- Reach
- 2 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.
07
Complaints & litigation
RERA Karnataka · public recordNone on record with RERA Karnataka against this project.
Only disputes escalated to the authority appear on the record — a private disagreement never filed here would not. A count from the public record, not a verdict.
What the builder declared
Declared to RERA Karnataka- Litigation
- Declared free of litigation
The builder's own declaration at registration — not a court's or RERA Karnataka's finding. A flagged line is worth checking with RERA Karnataka.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with RERA Karnataka, or that this register doesn’t publish it — never that nothing happened.
08
Other projects nearby
The register · within 25 kmOne commercial project still under way within 25 km. The nearest 1:
Of the 205 projects the radar draws within 6 km — every kind, every stage — 1 is a commercial project still under way. This list keeps only those, and looks further out.
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.
Sources
Where each section of this report comes from.
- 01Complete project overview
- The project's registration filing with RERA Karnataka, as the builder submitted it.
- 02Builder's track record
- RERA Karnataka: the builder's registration.
- The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
- 03Location & price analysis
- Address, pincode and declared cost: the RERA Karnataka filing.
- Coordinates: as filed with RERA Karnataka.
- 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).
- 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).
- 05Government Guidance Rate
- No government guidance rate could be matched to this project from Karnataka's published schedules.
- 06Planning authority
- RERA Karnataka: the approved building plan, as filed.
- The approving body's other projects: counted by Horizon across the register.
- 07Complaints & litigation
- RERA Karnataka's public record lists no complaints or litigation for this project.
- 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/naik-tower-belagavi-z5qkuhcz.
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.