HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Towers
1
Land area
711 sq m
FAR sanctioned
2.63
Covered area
349 sq m
Open area
362 sq m

Timeline

Project startedOct 2019
RERA registeredJan 2020
Proposed completionSep 2021
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

IVAN MARK SEQUEIRA

IndividualPromoter type
Dakshina Kannada, KarnatakaBased in
1Projects
1City
2020–2021Active
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
Mangalore
District
Dakshina Kannada
Pincode
575004
Address
nforce lezorin, opposite nandigudda bus stand, nanndigudda road, mangalore 575002
What’s nearby
Schools1 school within 1km · College or university 750m away
HealthcareHospital 581m away · 1 clinic within 1km · Pharmacy within 500m
LifestyleNo parks within 2km
ShoppingSupermarket 1.6km away · Mall 1.1km away · Bank 945m away
Getting around
Expressway 1.1 km · Mangaluru-Kasargod HighwayPrimary road 1.7 km · Father Muller RoadRailway line 485 mRailway station 1.5km away (Mangaluru Central)2 bus stops within 500m
Water & environment
Water body 987 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹6.73 Cr declared. What that works out to:

30%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

Local Planning Authority

Town & Country Planning (DTCP)
Building Permit

The promised possession date (1 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

Local Planning Authority

Town & Country Planning

Has approved 1,518 RERA projectsabout 1 in 6 in Karnataka.

a mixed market42% apartments · 58% plotted layouts.

Builders
1,212
On record
42,750 flats · 54,584 plots
Reach
128 taluks
Since
2017

More layout-heavy than Karnataka overall — 58% 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.