HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
24 units
Unit mix
10 × 3 BHK · 8 × 2 BHK · 4 × SHOP · 2 × 1 BHK
Towers
1
Floors
5
Land area
977 sq m
Built-up area
2,612 sq m
FAR sanctioned
2.093
Covered area
491 sq m
Open area
486 sq m
Land parcels
1 survey no

Timeline

Project startedDec 2023
RERA registeredDec 2023
Proposed completionDec 2028
TodayJul 2026
Construction progress

85% overall, as filed

Finishing85%
Internal infra85%
External infra85%
Amenities85%
Common areas85%
Super-structure90%
Sub-structure100%
From the promoter's latest quarterly progress report filed with RERA Karnataka — % complete overall and by stage, as of that filing. A dated snapshot, not a live tracker.

Find your flat

Filed by type and size, in the batches the promoter registered — not a per-flat listing. Look yours up.

24 units across 4 batches
TypeArea sq mCount
1 BHK562
3 BHK10010
SHOP264
2 BHK808

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. The declared inventory as registered — how many of each type exist, not how many are still unsold (this state's filing carries no booking count).

02

Builder’s track record

RERA Karnataka · Promoter registration

SAI ASSOCIATES

Partnership FirmPromoter type
Dakshina KannadaBased in
15Projects
8Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
202 homes · 95 plotson the public record across 15 projects
30,143 sq mbuilt-up filed
19,903 sq mplotted area
29,806 sq mland declared
₹15.50 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
Vadodara Municipal CorporationMunicipal / Corporation2 of 5 projects
Mangaluru Urban Development AuthorityUrban Development Authoritythis project1 of 5 projects
Pimpri Chinchwad Municipal CorporationMunicipal Corporation1 of 5 projects
Pune Municipal CorporationMunicipal Corporation1 of 5 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
Pincode
575006
Address
PLAN SHOWING THE CONSTRUCTION OF COMMERCIAL CUM RESIDENTIAL APARTMENT BUILDING IN , S.N.180/3(P) DEREBAIL VILLAGE, MANAGLORE , Mangalore , Dakshina Kannada, Karnataka - 575006
North boundary
12°54'34.39"N
East boundary
12°54'34.65"N
South boundary
74°49'50.09"E
West boundary
74°49'49.63"E
What’s nearby
Schools1 school within 1km · College or university 1.3km away
HealthcareHospital 1.1km away · Clinic within 2km · Pharmacy within 500m
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km · Convenience store within 500m · Bank 568m away
Getting around
Expressway 608 mPrimary road 611 mRailway line 3.2 kmNo metro or railway within 5km3 bus stops within 500m
Water & environment
River 1.4 km · GurupuraWater body 1.6 km
distances only — not a flood assessment
Land, title & encumbrance
LandOwned + joint development (JDA)
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
As declared by the promoter 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

₹9.16 Cr declared to build 24 flats. What that works out to:

₹38.16 Lakhdeclared cost per flatall-in — land + construction
₹3,258/sq ftof built-up area₹35,064/sq m
29%of the cost is land₹2,509/sq ft of 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
approved 29 Sep 2023 · 2 yrs ago
Building Permit no. F14/BA22/2023-24(168094)Survey no. 180/3(p)
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 F14/BA22/2023-24(168094) on the approving authority’s portal to confirm the sanction.

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.