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Detailed Report

PEELA HOMES

P03290012469 · RERA Andhra Pradesh · https://gethorizon.in/projects/peela-homes-visakhapatnam-u-b1txdq4w

01

Complete project overview

RERA Andhra Pradesh · Registration filing
Units
10 flats
Unit mix
8 × 3BHK · 2 × 1 CHAMBER
Carpet area
76–84 sq m
Floors
5
Land area
361 sq m
Built-up area
1,276 sq m

Timeline

Project startedJun 2019
RERA approvedMar 2022
Proposed completionJun 2022
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 mBalcony sq mOuter wall sq mTotal sq mParking sq m
101GROUND FLOOR · MAIN BLOCK1 CHAMBER83.731.1184.8417.01
102GROUND FLOOR · MAIN BLOCK1 CHAMBER83.551.1084.6517.01
201FIRST FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01
202FIRST FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
301SECOND FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01
302SECOND FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
401THIRD FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01
402THIRD FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
501FOURTH FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01
502FOURTH FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01

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.

All 10 units as filed, two to a row · areas in sq m
UnitTypeCarpetBalconyOuter wallTotalParkingUnitTypeCarpetBalconyOuter wallTotalParking
101GROUND FLOOR · MAIN BLOCK1 CHAMBER83.731.1184.8417.01102GROUND FLOOR · MAIN BLOCK1 CHAMBER83.551.1084.6517.01
201FIRST FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01202FIRST FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
301SECOND FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01302SECOND FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
401THIRD FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01402THIRD FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
501FOURTH FLOOR · MAIN BLOCK3BHK75.816.532.9185.2517.01502FOURTH FLOOR · MAIN BLOCK3BHK78.742.593.5384.8617.01
02

Builder’s track record

RERA Andhra Pradesh · Builder registration

M/S PAN BUILDERS

Partnership/LLP FirmPromoter type
VisakhapatnamBased in
3Projects
1City
2022–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
30 homeson the public record across 3 projects
3,949 sq mbuilt-up filed
1,176 sq mland declared
₹8.49 Crdeclared build cost

Build cost is what the builder 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 builder, 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.

More from M/S PAN BUILDERS— the full portfolio →

03

Location & price analysis

RERA Andhra Pradesh · Registration filing
≈ area only · geocoded, verified but not exact · 17.7878, 83.3736 · © OpenStreetMap contributors
Village
Visakhapatnam
Mandal
Visakhapatnam(U)
District
Visakhapatnam
Pincode
530045
What’s nearby
SchoolsNo schools within 2km · College or university 704m away
HealthcareHospital 369m away · Clinic within 2km
LifestylePark 861m away · Gym or sports centre 760m away
ShoppingNo supermarket within 2km
Getting around
Primary road 1.1 kmNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
River 1.0 km · Maddi Gedda
distances only — not a flood assessment
Declared external development
Roads0%
Water supply0%
Sewage0%
Electricity0%
Solid waste0%
Fire safety0%
Water0%
Emergency exits0%
Renewable energy0%
% complete as filed at registration — no progress updates are published, so this is a starting-line snapshot.
Price analysisdeclared build cost — not a sale price

₹2.05 Cr declared to build 10 flats. What that works out to:

₹20.46 Lakhdeclared cost per flatall-in — land + construction
₹1,489/sq ftof built-up area₹16,028/sq m
25%of the cost is land₹1,338/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

AP Registration & Stamps

In Andhra Pradesh it’s called the market value — the registration department's figure, not a sale price.

₹65,000per sq yd
₹77,739per sq m
Which rate
residential (urban)
Matched to
The rate published for the village of “Visakhapatnam”.
In force
effective Feb 2025
Spread
₹40,000₹7,00,000 per sq yd across the places it was taken over

What this number is — and isn’t

  • The minimum value Andhra Pradesh’s registration department will register a sale at. Stamp duty is usually charged on this or the price in the sale deed, whichever is higher.
  • Not a market price. Sales normally register above it, and how far above varies by place and by project.
  • Its fit depends on the grain the state publishes at. This one is matched at the level of village, and says so above. How Horizon decides what to show.
05

Planning authority

RERA Andhra Pradesh · Approved building plan
approved 15 Jun 2019 · 7 yrs ago
Building Permit no. 1086/1496/B/Z1/YDA/2018Survey no. 118P,62/P,63/P,64/P,65,66 & 84/P

The promised possession date (15 Jun 2022) 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 1086/1496/B/Z1/YDA/2018 on the approving authority’s portal to confirm the approval.

The approving body, at scale

The local planning authority

The body that approved this project. It has approved 562 RERA projects across 8 mandals about 1 in 12 in Andhra Pradesh.

Volume is context, not a verdict — a busier authority is not a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

07

Other projects nearby

The register · within 25 km

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

8 projects within 1 km — showing the nearest 6.

VisakhapatnamResidential

THE PEBBLE

STONESPARK INFRA PRIVATE LIMITED

Nov 2023registered
Aug 2026target completion
Declared cost₹5.31 CrScale15 flatsAuthorityRERA Andhra Pradesh
VisakhapatnamResidential

PEELA’S MANCHALA

M/S PAN BUILDERS

Jul 2025registered
Apr 2028target completion
Declared cost₹3.87 CrScale10 flatsAuthorityRERA Andhra Pradesh
VisakhapatnamResidential

GODAVARI KANHA ASRAYA HEIGHTS

DASARI SIVA LAXMAN

Aug 2025registered
Apr 2028target completion
Declared cost₹5.65 CrScale15 flatsAuthorityRERA Andhra Pradesh
RushikondaResidential

EVERGLADES

AASHRITHA NIRMAN

Dec 2023registered
Nov 2026target completion
Declared cost₹3.64 CrScale10 flatsAuthorityRERA Andhra Pradesh
YendadaResidential

ICONICA CAPITOL & THE CROWN BY ICONICA

ICONICA PROJECTS

Nov 2021registered
Jan 2027target completion
Declared cost₹725.72 CrScale635 flatsAuthorityRERA Andhra Pradesh
RushikondaResidential

VENU MANOR

LAKSHMI ABODES

Mar 2024registered
Feb 2027target completion
Declared cost₹3.92 CrScale10 flatsAuthorityRERA Andhra Pradesh

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.

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.
  • Construction progress — RERA Andhra Pradesh does not publish quarterly progress reports. How far along it actually is cannot be read here.
  • Complaints — RERA Andhra Pradesh does not publish a complaints register. This read cannot speak to them either way.
  • Escrow — RERA Andhra Pradesh does not publish escrow declarations. Whether buyer money is ring-fenced cannot be read here.

Sources

Where each section of this report comes from.

  1. 01Complete project overview
    • The project's registration filing with RERA Andhra Pradesh, as the builder submitted it.
  2. 02Builder's track record
    • RERA Andhra Pradesh: the builder's registration.
    • The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
  3. 03Location & price analysis
    • Address, pincode and declared cost: the RERA Andhra Pradesh filing.
    • Coordinates: geocoded by Horizon from the filed address with Google Geocoding, matched to the general area only, not the exact site.
    • What's nearby and getting around: distances measured by Horizon on OpenStreetMap data, © OpenStreetMap contributors (ODbL). Not from the RERA filing.
    • Map: © OpenStreetMap contributors (ODbL).
  4. 04Government Guidance Rate
    • AP Registration & Stamps.
  5. 05Planning authority
    • RERA Andhra Pradesh: the approved building plan, as filed.
    • The approving body's other projects: counted by Horizon across the register.
  6. 06Complaints & litigation
    • RERA Andhra Pradesh's public record lists no complaints or litigation for this project.
  7. 07Other projects nearby
    • The RERA-registered projects Horizon holds within 25 km of these coordinates.

Compiled by Horizon from public records. Each fact is reproduced as its source publishes it, and Horizon does not verify filings on the ground. The live record: gethorizon.in/projects/peela-homes-visakhapatnam-u-b1txdq4w.

Horizon does not rate, review, score or signal, and it gives no verdict, opinion or forecast. Its only aim is to seek the truth through data: what the public record says, where each fact comes from, and where the record is silent. Nothing in this document is legal, financial or investment advice; what to make of it is yours to decide.