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Nishakara

PRM/KA/RERA/1249/447/PR/210524/006918 · RERA Karnataka · https://gethorizon.in/projects/nishakara-belagavi-r07ltuyf

01

Complete project overview

RERA Karnataka · Registration filing
Project name
Nishakara
Units
20 units
Unit mix
19 × 2BHK · 1 × COMPUTER INSTITUTE
Towers
1
Floors
6
Land area
1,000 sq m
Built-up area
1,935 sq m
FAR sanctioned
3.25
Covered area
518 sq m
Open area
482 sq m
Garage area
507 sq m
Land parcels
1 survey no

Timeline

Project startedMay 2023
RERA registeredMay 2024
Proposed completionMay 2025
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
2012nd Floor2 BHK81.0119.2339.50
2022nd Floor2 BHK76.7419.2337.81
2032nd Floor2 BHK77.0219.2337.91
2042nd Floor2 BHK79.6219.8839.20
2052nd Floor2 BHK94.0232.5249.85
3013rd Floor2 BHK81.0119.2339.50
3023rd Floor2 BHK76.7419.2337.81
3033rd Floor2 BHK77.0219.2337.91
3043rd Floor2 BHK79.6219.8839.20
3053rd Floor2 BHK94.0232.5249.85
4014th Floor2 BHK81.0119.2339.50
4024th Floor2 BHK76.7419.2337.81
4034th Floor2 BHK77.0219.2337.91
4044th Floor2 BHK79.6219.8839.20
4054th Floor2 BHK94.0232.5249.85
5015th Floor2 BHK82.4017.8339.50
5025th Floor2 BHK78.1317.8337.81
5035th Floor2 BHK78.4117.8337.91
5045th Floor2 BHK81.0118.4939.20
5055th Floor2 BHK13.501.505.98

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.

02

Builder’s track record

RERA Karnataka · Builder registration

Vrishabendra Hiremath

ProprietorshipPromoter type
BelagaviBased in
1Projects
1City
2024–2025Active
Timelineevery project, start → promised completion

The only project Horizon has read from this builder 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
Belagavi
District
Belagavi
Pincode
590016
Address
Plot no 587 CTS No 8651 Sectore 5 Shri Nagar Belagavi , Plot no 587 CTS No 8651 Sectore 5 Shri Nagar Belagavi , Belagavi , Belagavi, Karnataka - 590016
North boundary
CTS NO 8652 PLOT NO 588
East boundary
CTS NO 8648 PLOT NO 605
South boundary
CTS NO 8650 PLOT NO 586
West boundary
ROAD
What’s nearby
Schools1 school within 500m · 4 educational institutions within 1km · College or university 440m away
HealthcareHospital 71m away · 5 clinics within 1km
LifestyleNo parks within 2km · 7 restaurants and cafes within 1km · Swimming pool within 2km
ShoppingNo supermarket within 2km · Bank 230m away · ATM within 500m
Getting around
Expressway 77 mPrimary road 1.1 kmRailway line 2.1 kmRailway station 3.9km away (Belagavi)Limited bus connectivity nearby
Water & environment
Water body 1.5 km · Kote Kere
distances only — not a flood assessment
Land, title & encumbrance
LandJoint development (JDA) — built on the owner’s land by agreement
ConversionConverted to non-agricultural
As 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.
Price analysisdeclared build cost — not a sale price

₹5.66 Cr declared to build 20 flats. What that works out to:

₹28.32 Lakhdeclared cost per flatall-in — land + construction
₹2,719/sq ftof built-up area₹29,272/sq m
32%of the cost is land₹1,678/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

Government Guidance Rate

Karnataka registration department

In 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.

05

Planning authority

RERA Karnataka · Approved building plan

Commissioner, City Corporation, Belagavi

Municipal / Corporation
approved 23 Feb 2022 · 4 yrs ago
Building Permit no. BGM-LBPAS-17846/21-22/BPSurvey no. 69874

The promised possession date (1 May 2025) 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

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-17846/21-22/BP on the approving authority’s portal to confirm the approval.

The approving body, at scale

Commissioner, City Corporation, Belagavi

Municipal Corporation

Has approved 206 RERA projects2.4% of Karnataka.

an apartments market100% 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.

See every project approved by RERA Karnataka

07

Other projects nearby

The register · within 25 km

107 residential projects still under way within 25 km. Step out ring by ring:

Of the 247 projects the radar draws within 6 km — every kind, every stage — 75 are residential projects still under way. This list keeps only those, and looks further out.

11 projects within 1 km — showing the nearest 6.

50 m awayApartment

RUDRAKSHA

SHRI PARVATI CONSTRUCTION CO · Belagavi

Aug 2025started
Aug 2027target completion
Declared cost₹2.00 CrScale15 flatsAuthorityRERA Karnataka
110 m awayApartment

Sunlight

Sunlight Builders and Developers · Belagavi

Dec 2023started
Jan 2027target completion
Declared cost₹13.17 CrScale50 flatsAuthorityRERA Karnataka
250 m awayApartment

TULSI

ARADHANA BUILDERS · Belagavi

Apr 2023started
Mar 2028target completion
Declared cost₹9.30 CrScale14 flatsAuthorityRERA Karnataka
280 m awayApartment

JINENDRA ENCLAVE

DHARANI BUILDERS AND DEVELOPERS · Belagavi

Feb 2022started
Jun 2026target completion
Declared cost₹3.00 CrScale20 flatsAuthorityRERA Karnataka
410 m awayMixed Development

EVERGREEN RESIDENCY

M/s. UNIQUE CONSTRUCTIONS · Belagavi

Jun 2024started
Jun 2027target completion
Declared cost₹2.75 CrScale25 flatsAuthorityRERA Karnataka
440 m awayApartment

PRISTINE PARK SQUARE

PRISTINE PARK SQUARE · Belagavi

Jun 2023started
Sep 2026target completion
Declared cost₹4.85 CrScale15 flatsAuthorityRERA Karnataka

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.