HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Towers
3
Land area
5,463 sq m
FAR sanctioned
2.1
Covered area
2,188 sq m
Open area
3,275 sq m

Timeline

Project startedApr 2016
Proposed completionApr 2021
RERA registeredOct 2027
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

MAC & VK Associates

Dakshina KannadaBased in
1Projects
1City
2027–presentActive
Timelineevery project, start → promised completion
Palace Gardens

Palace Gardens

this project
Residential/Group Housing
Apr 2016started
Apr 2021target completion
₹23.22 Cr

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
Address
barebail bejai, bejai
What’s nearby
SchoolsNearest school 1.0km away · College or university 1.4km away · Library 1.2km away
HealthcareHospital 986m away · Clinic within 2km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 1.8km away · 3 restaurants and cafes within 1km
ShoppingSupermarket 841m away · Mall 1.5km away · Bank 214m away
Getting around
Expressway 482 mPrimary road 746 m · Kuloor Ferry RoadRailway line 3.2 kmRailway station 3.4km away (Mangaluru Central)Bus stop within 1km
Water & environment
River 907 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹23.22 Cr declared. What that works out to:

0%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

Mangaluru Urban Development Authority

Urban Development Authority
Building Permit

The promised possession date (5 Apr 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

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projects — about 1 in 20 in Karnataka.

an apartments market — 96% apartments · 4% plotted layouts. Apartments like yours are this body's core business.

Builders
315
On record
8,036 flats · 698 plots
Reach
6 taluks
Since
2017

More apartment-heavy than Karnataka overall — 96% 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.

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.