Complete project overview
RERA Karnataka · Registration filing- Status
- Ongoing
- Towers
- 4
- Land area
- 15,176 sq m
- FAR sanctioned
- 2.49
- Covered area
- 4,936 sq m
- Open area
- 124 sq m
- Garage area
- 5,060 sq m
Timeline
Builder’s track record
RERA Karnataka · Promoter registrationOceanus Dwellings (P) Ltd
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.
Location & price analysis
RERA Karnataka · Registration filing- Taluk
- Bengaluru East
- District
- Bengaluru Urban
- Address
- Sy.No.55& 58, Margondanahally Village, Bidrahalli Hobli
₹105.78 Cr declared. What that works out to:
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.
Planning authority
RERA Karnataka · Approved building planThe promised possession date (28 Jun 2019) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.
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.
BDA
Urban Development Authority · Bangalore Development AuthorityHas approved 830 RERA projects — about 1 in 11 in Karnataka.
an apartments market — 73% apartments · 27% plotted layouts. Apartments like yours are this body's core business.
- Builders
- 626
- On record
- 82,843 flats · 16,515 plots
- Reach
- 13 taluks
- Since
- 2017
More apartment-heavy than Karnataka overall — 73% 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.
5 complaints on RERA Karnataka’s register for this project — 8 disposed.
A count from the authority’s public register — not a judgement. A disposed complaint may have been resolved for or against the builder, and only disputes escalated this far appear at all.
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.