HORIZONMarkets

Timeline

Project startedDec 2023
RERA approvedMay 2024
Proposed completionDec 2026
TodayJul 2026
02

Builder’s track record

RERA Andhra Pradesh · Promoter registration

GUNNU VARA PRASAD

IndividualPromoter type
Visakhapatnam, Andhra PradeshBased in
1Projects
1City
2024–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
SRIKAKULAM (URBAN)
Mandal
Srikakulam
District
Srikakulam
Pincode
532001
What’s nearby
Schools1 school within 500m · 7 educational institutions within 1km · College or university 645m away
HealthcareHospital 123m away · 2 clinics within 1km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 2.0km away
ShoppingSupermarket 1.6km away · Mall 790m away · Bank 39m away
Getting around
Expressway 2.0 kmPrimary road 30 m · Kalingapatnam - Srikakulam - Parvathipuram RoadNo metro or railway within 5km2 bus stops within 500m
Water & environment
Water body 388 mRiver 860 m · Nagavali
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

₹4.35 Cr declared. What that works out to:

25%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.

04

Planning authority

RERA Andhra Pradesh · Approved building plan

Director, Town and Country Planning

Town & Country Planning (DTCP) · SRIKAKULAM
approved 1 Dec 2023 · 2 yrs ago
Building Permit no. 1085/0122/B/SRI/STA/2021Survey no. 96/2A/1a
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 1085/0122/B/SRI/STA/2021 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the sanction.

The approving body, at scale

Srikakulam

Municipal Corporation

Has approved 92 RERA projects1.4% of Andhra Pradesh.

an apartments market73% apartments · 27% plotted layouts. Apartments like yours are this body's core business.

Builders
71
On record
1,190 flats · 5,124 plots
Reach
13 mandals
Since
2017

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.