HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Land area
3,838 sq m
Covered area
3,838 sq m
Open area
744 sq m

Timeline

Project startedApr 2017
RERA registeredNov 2018
Proposed completionApr 2019
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

B Umashankar

IndividualPromoter type
KarnatakaBased in
3Projects
1City
2018–2020Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
3 projectson the public record across 3 projects
27,435 sq mplotted area
27,435 sq mland declared
₹36.00 Crdeclared build cost

Build cost is what the promoter declared it costs to build — land plus construction, at registration. It gives a sense of how big a builder this is — not a price you pay, not build quality, and not whether they finish on time.

Every project Horizon has read from this promoter, oldest first on the timeline. 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
Shivamogga
District
Shivamogga
Address
Sy.No 14/7,14/8,15/9, 15/10, 16/3,17/3, 18/5 and 23/8, of Bommanakatte Village, Shivamogga
What’s nearby
SchoolsNearest school 1.1km away · College or university 1.4km away
HealthcareHospital 1.8km away · Clinic within 2km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 3.0 km · Sagar RoadPrimary road 1.3 kmRailway line 1.3 kmRailway station 2.9km away (Shimoga Town)Limited bus connectivity nearby
Water & environment
Water body 157 mCanal 1.3 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹8.00 Cr declared. What that works out to:

₹1,936/sq ftof plotted area₹20,844/sq m
13%of the cost is land₹242/sq ft of 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

Shivamogga Urban Development Authority

Urban Development Authority
Layout Permit

The promised possession date (6 Apr 2019) 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

Shivamogga Urban Development Authority

Urban Development Authority

Has approved 114 RERA projects1.3% of Karnataka.

a plotted-layout market21% apartments · 79% plotted layouts. Your plotted layout is this body's core business.

Builders
103
On record
4,585 flats · 3,302 plots
Reach
7 taluks
Since
2018

More layout-heavy than Karnataka overall — 79% 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.