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PRASAD APARTMENTS

P03290146486 · RERA Andhra Pradesh · https://gethorizon.in/projects/prasad-apartments-resappuvanipalem-visakhapatnam-u-o8e11ktt

01

Complete project overview

RERA Andhra Pradesh · Registration filing
Units
9 flats
Unit mix
9 × 3BHK
Carpet area
104–108 sq m
Floors
5
Land area
441 sq m
Built-up area
1,557 sq m

Timeline

Project startedDec 2025
RERA approvedMar 2026
Proposed completionSep 2028
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 mCommon sq mTotal sq mParking sq m
101GROUND FLOOR · PRASAD APARTMENTS3BHK103.5817.987.2838.83167.6710.40
102GROUND FLOOR · PRASAD APARTMENTS3BHK107.8512.417.2838.27165.8110.40
201FIRST FLOOR · PRASAD APARTMENTS3BHK103.5817.987.2838.83167.6710.40
202FIRST FLOOR · PRASAD APARTMENTS3BHK107.8512.417.2838.27165.8110.40
301SECOND FLOOR · PRASAD APARTMENTS3BHK103.5817.987.2838.83167.6710.40
302SECOND FLOOR · PRASAD APARTMENTS3BHK107.8512.417.2838.27165.8110.40
401THIRD FLOOR · PRASAD APARTMENTS3BHK103.5817.987.2838.83167.6710.40
402THIRD FLOOR · PRASAD APARTMENTS3BHK107.8512.417.2838.27165.8110.40
501FOURTH FLOOR · PRASAD APARTMENTS3BHK103.5817.987.2838.83167.6710.40

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.

02

Builder’s track record

RERA Andhra Pradesh · Builder registration

M/S. SHIKA BUILDERS & DEVELOPERS

Partnership/LLP FirmPromoter type
VisakhapatnamBased in
1Projects
1City
2026–presentActive
Timelineevery project, start → promised completion

The only project Horizon has read from this builder 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 Andhra Pradesh · Registration filing
Village
Resappuvanipalem
Mandal
Visakhapatnam(U)
District
Visakhapatnam
Pincode
530013
What’s nearby
Schools1 school within 500m · 5 educational institutions within 1km · College or university 455m away
HealthcareHospital 194m away · 9 clinics within 1km · Pharmacy within 500m
LifestylePark 1.4km away · Gym or sports centre 417m away · 52+ restaurants and cafes within 1km
ShoppingSupermarket 455m away · Mall 1.4km away · Convenience store within 500m
Getting around
Primary road 328 m · Anakapalli - Visakhapatnam RoadRailway line 1.9 kmRailway station 2.1km away (Visakhapatnam)3 bus stops within 500m
Water & environment
River 239 mWater body 1.4 km
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

₹6.73 Cr declared to build 9 flats. What that works out to:

₹74.73 Lakhdeclared cost per flatall-in — land + construction
₹4,013/sq ftof built-up area₹43,195/sq m
67%of the cost is land₹9,445/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.

₹95,000per sq yd
₹1,13,619per sq m
Which rate
residential (urban)
Matched to
The rate published for the village of “Resappuvanipalem”.
In force
effective Feb 2025
Spread
₹90,000₹1,10,000 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

Commissioner, ULB

Municipal / Corporation · Visakhapatnam
approved 27 Sep 2025 · 1 yr ago
Building Permit no. 1086/6744/B/Z3/REM/2021Survey no. 21/2 & 21/5A
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 1086/6744/B/Z3/REM/2021 on the approving authority’s portal to confirm the approval.

The approving body, at scale

Visakhapatnam

Municipal Corporation

Has approved 1,344 RERA projectsabout 1 in 5 in Andhra Pradesh, more than any other body in the state.

an apartments market87% apartments · 13% plotted layouts. Apartments like yours are this body's core business.

Builders
840
On record
39,785 flats · 20,512 plots
Reach
27 mandals
Since
2009

More apartment-heavy than Andhra Pradesh overall — 87% apartments here vs 74% 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.

07

Other projects nearby

The register · within 25 km

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

Of the 226 projects the radar draws within 6 km — every kind, every stage — 98 are residential projects still under way. This list keeps only those, and looks further out.

19 projects within 1 km — showing the nearest 6.

360 m awayResidential

SUNRISE PARK

M/S. SUN RISE CONSTRUCTIONS · Visakhapatnam

Mar 2024registered
Aug 2026target completion
Declared cost₹5.55 CrScale10 flatsAuthorityRERA Andhra Pradesh
420 m awayResidential

SUNCREST RESIDENCY

RAJA CONSTRUCTIONS REP. BY ITS PROPRIETOR SRI. YANDA VENKATA RAJU · Resappuvanipalem · Visakhapatnam

Apr 2026registered
Mar 2029target completion
Declared cost₹6.66 CrScale15 flatsAuthorityRERA Andhra Pradesh
460 m awayResidential

SRI KRISHNA NIVASAM

MUPPANA PURUSHOTHAM · Visakhapatnam

Jun 2026registered
Oct 2028target completion
Declared cost₹8.80 CrScale5 flatsAuthorityRERA Andhra Pradesh
570 m awayResidential

ASHTAKSHARI NILAYAM

GK BUILDERS · Resappuvanipalem · Visakhapatnam

Feb 2024registered
Sep 2026target completion
Declared cost₹6.47 CrScale10 flatsAuthorityRERA Andhra Pradesh
580 m awayResidential

SAI LAKSHMINARAYANA NIVAS

ACHALLA SAILABALA · Resappuvanipalem · Visakhapatnam

Jun 2025registered
Jan 2028target completion
Declared cost₹4.86 CrScale9 flatsAuthorityRERA Andhra Pradesh
600 m awayResidential

LAKSHMI’S SNEHALATHA APARTMENT

M/S.LAKSHMI INFRA · Visakhapatnam

Jul 2026registered
Apr 2029target completion
Declared cost₹8.78 CrScale16 flatsAuthorityRERA Andhra Pradesh

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.

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.