HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Land area
50,786 sq m
Covered area
2,374 sq m
Open area
48,412 sq m

Timeline

Project startedJan 2020
Proposed completionSep 2021
RERA registeredAug 2024
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

RATHNAMALA B G

IndividualPromoter type
KarnatakaBased in
1Projects
1City
2024–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
Channagiri
District
Davangere
Pincode
577213
Address
NANDI ENCLAVE, OPP TO FIRE STATION, NH-13, MACHANAYAKANAHALLI KAVAL, , CHANNAGIRI
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.8km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 123 m · Shimoga - Chitradurga HighwayPrimary road 664 mNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 1.8 km · Channagiri Lake
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹3.00 Cr declared. What that works out to:

₹55/sq ftof plotted area₹591/sq m
35%of the cost is land₹19/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

Davanagere-Harihara Urban Development Authority

Urban Development Authority
Layout Permit

The promised possession date (30 Sep 2021) 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

Davanagere-Harihara Urban Development Authority

Urban Development Authority

Has approved 24 RERA projects0.3% of Karnataka.

a mixed market50% apartments · 50% plotted layouts.

Builders
24
On record
268 flats · 857 plots
Reach
6 taluks
Since
2018

More layout-heavy than Karnataka overall — 50% 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.