HORIZONMarkets
01

Complete project overview

GujRERA · Registration filing
Units
41 units
Mix
40 × Shop · 1 × Other
Carpet area
82–1494 sq mper-unit range, as filed
Parking
57 spaces
Land area
2,527 sq m

Timeline

Project startedDec 2017
RERA registeredFeb 2018
Proposed completionJun 2022
TodayJul 2026
Construction progress

100% overall, as filed

Overall % complete as filed with GujRERA, taken as the slowest of the project's blocks — a snapshot, not a live tracker. Where a BU permission is on record (section 04), that is the firmer completion signal.

Find your unit

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

41 units across 2 batches
TypeArea sq mCount
Shop10440
Other1,4941

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

GujRERA · Promoter registration

SHRI MAHAVIR DEVELOPERS

PARTNERSHIP FIRMPromoter type
Ahmedabad, GujaratBased in
1Projects
1City
2018–2022Active
Timelineevery project, start → promised completion
SAI SAPPHIRE SQUARE

SAI SAPPHIRE SQUARE

this project
Commercial
Dec 2017started
Jun 2022target completion
41 flats5,645 sq m₹29.50 Cr

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

GujRERA · Registration filing
Taluka
Ahmedabad City
District
Ahmedabad
Pincode
382424
Address
NR BAGGA HYUNDAI SHOWROOMMAIN BRTS ROAD, CHANDKHEDA
What’s nearby
SchoolsNearest school 1.8km away
HealthcareHospital 318m away
LifestylePark 1.8km away
ShoppingNo supermarket within 2km
Getting around
Expressway 711 m · Puna FlyoverPrimary road 93 mRailway line 2.5 kmRailway station 2.6km away (Chandkheda Road)Limited bus connectivity nearby
Water & environment
Water body 1.3 km · Zundal Lake
distances only — not a flood assessment
Land, title & encumbrance
Mortgage39 unit(s) mortgaged to INDIAN BANK · ₹13.30 Cr outstanding
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

₹29.50 Cr declared to build 41 flats. What that works out to:

₹55.00 Lakh – ₹13.21 Crdeclared unit pricerange on the filing — not a live asking price
₹71.95 Lakhdeclared cost per flatall-in — land + construction
₹4,855/sq ftof carpet area₹52,256/sq m
17%of the cost is land₹1,894/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

GujRERA · Approved building plan

Ahmedabad Municipal Corporation

Municipal / Corporation
Building Permitapproved 19 Feb 2018 · 8 yrs ago

The promised possession date (30 Jun 2022) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

Building-Use (BU) permission — the occupancy sign-off, on record

All 1 block carry a Building-Use (BU) permission (latest 5 Apr 2022)— Gujarat’s legal-to-occupy sign-off, and the completion proof most RERA records simply don’t carry. Still confirm the BU covers your specific unit before you rely on it.

The approving body, at scale

Ahmedabad Municipal Corporation

Municipal Corporation

Has approved 3,250 RERA projects — about 1 in 5 in Gujarat, more than any other body in the state.

an apartments market — 99% apartments · 1% plotted layouts. Apartments like yours are this body's core business.

Builders
2,712
On record
4,25,177 flats · 633 plots
Reach
6 talukas
Since
2007

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.
  • Complaints — GujRERA does not publish a complaints register. This read cannot speak to them either way.