Complete project overview
RERA Karnataka · Registration filing- Status
- New Project Launch
- Towers
- 1
- Land area
- 803 sq m
- FAR sanctioned
- 0.89
- Covered area
- 336 sq m
- Open area
- 467 sq m
Timeline
Builder’s track record
RERA Karnataka · Promoter registrationJAYA K SHETTY PROPRIETOR OF LAKSHMISHYAM PROJECTS
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
- Udupi
- District
- Udupi
- Pincode
- 576101
- Address
- PROPOSED CONSTRUCTION OF RESIDENTIAL BUILDINGS WITH COMPOUND WALL IN AN SITE EXTENT , OF 19.84 CENTS IN S.N.95/7B2 AT THENKA VILLAGE, KAUP TALUK, UDUPI DISTRICT
₹1.76 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 (31 Dec 2023) 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.
Local Planning Authority
Town & Country PlanningHas approved 1,518 RERA projects — about 1 in 6 in Karnataka.
a mixed market — 42% 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.
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.