HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Towers
8
Land area
9,874 sq m
FAR sanctioned
7732400
Covered area
4,247 sq m
Open area
5,626 sq m

Timeline

Project startedNov 2015
RERA registeredFeb 2018
Proposed completionMay 2019
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Matha Developers Pvt Ltd

Dakshina KannadaBased in
7Projects
3Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
168 homeson the public record across 7 projects
11,071 sq mbuilt-up filed
22,365 sq mland declared
₹117.17 Crdeclared build cost

Build cost is what the promoter 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
Mangaluru Urban Development AuthorityUrban Development Authoritythis project5 of 7 projects
Local Planning AuthorityTown & Country Planning (DTCP)2 of 7 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 promoter, 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.

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Mangalore
District
Dakshina Kannada
Address
Near Railway station International Airport Road, Surathkal Mangalore
What’s nearby
SchoolsNo schools within 2km · College or university 1.3km away
HealthcareHospital 161m away · Clinic within 2km
LifestylePark 1.2km away
ShoppingSupermarket 1.3km away · Bank 710m away
Getting around
Expressway 1.3 kmPrimary road 183 mRailway line 772 m · Konkan RailwayRailway station 1.1km away (Surathkal)Bus stop within 500m
Water & environment
Water body 1.3 kmCanal 1.7 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹46.21 Cr declared. What that works out to:

0%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 Karnataka · Approved building plan

Mangaluru Urban Development Authority

Urban Development Authority
Building Permit

The promised possession date (31 May 2019) 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

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projectsabout 1 in 20 in Karnataka.

an apartments market96% apartments · 4% plotted layouts. Apartments like yours are this body's core business.

Builders
315
On record
8,036 flats · 698 plots
Reach
6 taluks
Since
2017

More apartment-heavy than Karnataka overall — 96% apartments here vs 62% 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.