HORIZONMarkets

Timeline

Project startedAug 2024
RERA approvedMay 2025
Proposed completionJul 2027
TodayJul 2026
02

Builder’s track record

RERA Andhra Pradesh · Promoter registration

RAMCHANDRA RAJU PENMETSA

IndividualPromoter type
Hyderabad, TelanganaBased in
1Projects
1City
2025–presentActive
Timelineevery project, start → promised completion

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 Andhra Pradesh · Registration filing
Village
BHEEMAVARAM
Mandal
Bheemavaram
District
West Godavari
Pincode
534202
What’s nearby
Schools1 school within 500m · 7 educational institutions within 1km · College or university 933m away
HealthcareHospital 31m away · 5 clinics within 1km · Pharmacy within 500m
LifestylePark 678m away · Gym or sports centre 1.8km away · 13+ restaurants and cafes within 1km
ShoppingSupermarket 80m away · Mall 367m away · Convenience store within 500m
Getting around
Expressway 306 mPrimary road 27 m · Bhimavaram - Gudivada RoadRailway line 653 mRailway station 567m away (Bhimavaram Town)Bus stop within 1km
Water & environment
Canal 183 mWater body 1.9 km
distances only — not a flood assessment
Government land classification

Land here includes House Sites (residential), plus Wet Land double crop, Land abutting NH/SH/ZPP/MPP. The state classes land per survey— confirm your plot’s survey number is House Sites.

AP Registration & Stamps
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

₹8.10 Cr declared. What that works out to:

55%of the cost is 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.

Government guidance value
₹46,000/sq ydresidential

₹55,016/sq m · effective Feb 2025 · locality range ₹20,000–₹66,000

The state’s minimum value for this locality’s land, set for stamp duty — a floor, not a market price. Source: AP Registration & Stamps.

04

Planning authority

RERA Andhra Pradesh · Approved building plan

Director, Town and Country Planning

Town & Country Planning (DTCP) · ELURU
approved 3 Jul 2024 · 2 yrs ago
Building Permit no. 1074/0025/B/BMC/SRPT/2024Survey no. 110/2
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.

Verify it yourself — look up plan 1074/0025/B/BMC/SRPT/2024 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the sanction.

The approving body, at scale

Eluru

Municipal Corporation

Has approved 109 RERA projects1.6% of Andhra Pradesh.

an apartments market71% apartments · 29% plotted layouts. Apartments like yours are this body's core business.

Builders
96
On record
1,496 flats · 2,222 plots
Reach
26 mandals
Since
2018

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.

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.