HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Land area
21,448 sq m
Covered area
11,390 sq m
Open area
10,058 sq m

Timeline

Project startedJul 2020
Proposed completionNov 2020
RERA registeredMar 2021
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

KORATAGERE NAJEGOWDA PRAKASH

IndividualPromoter type
KarnatakaBased in
1Projects
1City
2021–presentActive
Timelineevery project, start → promised completion
PRAKASH ENCLAVE

PRAKASH ENCLAVE

this project
Plotted Development
Jul 2020started
Nov 2020target completion
21,448 sq m₹6.71 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
Shivamogga
District
Bengaluru Urban
Pincode
560079
Address
SY.NO.28/8,28/9,29/7,29/1,28/1, VIRUPINAKOPPA VILLAGE, SHIMVAMOGGA TQ& DIST
What’s nearby
Schools2 schools within 500m · 14 educational institutions within 1km · College or university 811m away
HealthcareHospital 126m away · 24 clinics within 1km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 256m away · 88+ restaurants and cafes within 1km
ShoppingSupermarket 281m away · Convenience store within 500m · Bank 88m away
Getting around
Expressway 1.8 kmPrimary road 379 m · Tagore Circle UnderpassRailway line 2.4 kmMetro station 622m away (National College)5 bus stops within 500m
Water & environment
Water body 1.2 km · Kempambudhi Kere
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹6.71 Cr declared. What that works out to:

₹291/sq ftof plotted area₹3,127/sq m
65%of the cost is land₹190/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 (26 Nov 2020) 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 projects — 1.3% of Karnataka.

a plotted-layout market — 21% 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.