HORIZONMarkets

Timeline

Project startedOct 2018
RERA approvedJan 2019
Proposed completionFeb 2021
TodayJul 2026
02

Builder’s track record

RERA Andhra Pradesh · Promoter registration

NAVARATNA ESTATES

Partnership/LLP FirmPromoter type
VisakhapatnamBased in
11Projects
5Cities
2019–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
1,422 plotson the public record across 11 projects
26,545 sq mbuilt-up filed
2,42,978 sq mplotted area
4,45,062 sq mland declared
₹287.22 Crdeclared build cost

Build cost is what the promoter 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
Commissioner, ULBMunicipal / Corporation10 of 11 projects
Director, Town and Country PlanningTown & Country Planning (DTCP)this project1 of 11 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 promoter, 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 Andhra Pradesh · Registration filing
Village
Visakhapatnam
Mandal
Visakhapatnam(U)
District
Visakhapatnam
Pincode
530003
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
No metro or railway within 5kmLimited bus connectivity nearby
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

₹88.17 Cr declared. What that works out to:

51%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.

Government guidance value
₹65,000/sq ydresidential

₹77,739/sq m · effective Feb 2025 · locality range ₹60,000–₹1,12,000

The state’s minimum value for this locality’s land, set for stamp duty — a floor, not a market price. Source: AP Registration & Stamps.

04

Planning authority

RERA Andhra Pradesh · Approved building plan

Director, Town and Country Planning

Town & Country Planning (DTCP) · WALTAIR UPLANDS
approved 24 Apr 2018 · 8 yrs ago
Building Permit no. 1086/0104/B/Z3/RAR/2018Survey no. 1032/2B

The promised possession date (14 Feb 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.

Verify it yourself — look up plan 1086/0104/B/Z3/RAR/2018 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the sanction.

The approving body, at scale

Director, Town & Country Planning (DTCP)

Andhra Pradesh's statewide town-planning directorate. It has approved 1,597 RERA projects across 13 mandals about 1 in 4 in Andhra Pradesh.

This project sits in its WALTAIR UPLANDS area — a smaller local market, with too few RERA projects on record to profile on its own.

Volume is context, not a verdict — a busier authority is not a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

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.