107 homes · 985 plotson the public record across 5 projects
11,542 sq mbuilt-up filed
2,19,544 sq mplotted area
2,23,295 sq mland declared
₹119.69 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.
Planning authoritiesthis builder's portfolio, by approving body
BMRDA - Bangalore Metropolitan Region Development AuthorityUrban Development Authority1 of 3 projects
Local Planning AuthorityTown & Country Planning (DTCP)1 of 3 projects
Magadi Planning AuthorityTown & Country Planning (DTCP)this project1 of 3 projects
Counts are how many of this builder’s projects on Horizon’s record were approved by each body — a footprint, not a ranking of the authorities.
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.
Sy No. 29/1, Honniganahatti Village , Tavarekere Hobli , Bengaluru South , Bengaluru Urban, Karnataka - 562130
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 3.8 km · SM Krishna RoadPrimary road 518 m · Magadi RoadNo metro or railway within 5kmBus stop within 1km
Water & environment
Water body 412 mRiver 1.4 km · Arkavati
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
As declared by the builder at registration — a RERA self-declaration, not an authority's independent finding. A flagged line is worth verifying against the title documents; it is not a verdict.
Price analysisdeclared build cost — not a sale price
₹16.42 Cr declared to build 73 plots. What that works out to:
₹22.49 Lakhdeclared cost per plotall-in — land + construction
63%of the cost is 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.
Location & price analysis — done
04
Satellite view of the site
Google Open Buildings, 2016–2023 · Sentinel-2 imagery
The yearly satellite view ends in 2023 and this project started in 2024, so it does not cover this project's construction: the site was still open ground within ~40 m of the recorded location when the series ends. The 2026 image shows the site more recently.
Satellite view, year by year
loading 2023…
Height estimated by a model from satellite imagery — not a survey, and the series ends in 2023. The dashed shape is within ~40 m of the filed location.
Satellite photographs of the same ground
Feb 2017Mar 2023Feb 2026
Sentinel-2, 10 m per pixel — about 400 m of ground across. Each frame is one dry-season day, so haze can dull a site.
How to read this
This series ends in 2023, before this project’s construction — so it shows what stood here before, and says nothing about whether building has since begun. The photograph does that.
This state publishes a point, not a plot outline, so the shape is a circle around it. A neighbour’s building can fall inside.
The location could only be checked loosely, so read this site view as indicative rather than as a statement about this project.
Site is a ~40 m circle around the RERA point, not a plot outline: buildings inside it may belong to neighbours.
Coordinate sits 3-10 km from other projects with the same pincode.
The yearly site view ends in 2023, before this project started in 2024.
Google Open Buildings 2.5D Temporal (CC BY 4.0) · Contains modified Copernicus Sentinel data 2017–2026
Satellite view of the site — done
05
Government Guidance Rate
Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes
In Karnataka it’s called the guidance value.
₹16,723per sq yd
₹20,000per sq m
Which rate
site (guidance value)
Matched to
The rate published for “HONNIGANAHATTI”.
In force
effective Oct 2023
What this number is — and isn’t
The minimum value Karnataka’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 locality, and says so above. How Horizon decides what to show.
Government Guidance Rate — done
06
Planning authority
RERA Karnataka · Approved building plan
Magadi Planning Authority
Town & Country Planning (DTCP)
approved 21 Nov 2024 · 1 yr ago
Layout Permit no. 03/2024-25Survey no. 29/1
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 03/2024-25 on the approving authority’s portal to confirm the approval.
The approving body, at scale
Magadi Planning Authority
Town & Country Planning
Has approved 8 RERA projects — 0.1% of Karnataka.
a plotted-layout market — 13% apartments · 87% plotted layouts. Your plotted layout is this body's core business.
Builders
7
On record
180 flats · 688 plots
Reach
2 taluks
Since
2023
More layout-heavy than Karnataka overall — 87% 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.
None on record with RERA Karnataka against this project.
Only disputes escalated to the authority appear on the record — a private disagreement never filed here would not. A count from the public record, not a verdict.
What the builder declared
Declared to RERA Karnataka
Litigation
Declared free of litigation
The builder's own declaration at registration — not a court's or RERA Karnataka's finding. A flagged line is worth checking with RERA Karnataka.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with RERA Karnataka, or that this register doesn’t publish it — never that nothing happened.
Complaints & litigation — done
08
Other projects nearby
The register · within 25 km
84 plotted projects still under way within 25 km. Step out ring by ring:
Of the 27 projects the radar draws within 6 km — every kind, every stage — 7 are plotted projects still under way. This list keeps only those, and looks further out.
7 projects between 3 and 6 km — showing the nearest 6.
Building footprint and height by year: Google Open Buildings 2.5D Temporal (CC BY 4.0), a model estimate of building presence and height from satellite imagery.
Photographs: Copernicus Sentinel-2 imagery (contains modified Copernicus Sentinel data 2017–2026).
05Government Guidance Rate
Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes.
06Planning authority
RERA Karnataka: the approved building plan, as filed.
The approving body's other projects: counted by Horizon across the register.
07Complaints & litigation
RERA Karnataka's public record lists no complaints or litigation for this project.
08Other 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/rashi-vistara-phase-2-bengaluru-south-xct99qyr.
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.