HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
72 units
Towers
1
Floors
4
Land area
3,826 sq m
Built-up area
10,455 sq m
FAR sanctioned
7520
Covered area
3,056 sq m
Open area
770 sq m
Land parcels
1 survey no

Timeline

Project startedSep 2024
RERA registeredDec 2024
Proposed completionMar 2029
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Emerald Group

Partnership FirmPromoter type
Bengaluru UrbanBased 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 Karnataka · Registration filing
Taluk
Shivamogga
District
Shivamogga
Pincode
577201
Address
PID No 2152 Ward No 6 2nd Cross Jayanagar , 4th cross Shimogga , Shivamogga , Shivamogga, Karnataka - 577201
North boundary
Municipal Drainage
East boundary
Private Property
South boundary
Road
West boundary
Private Property
What’s nearby
Schools1 school within 500m · 3 educational institutions within 1km · College or university 951m away
HealthcareHospital 123m away · 13 clinics within 1km · Pharmacy within 1km
LifestyleNo parks within 2km · 3 restaurants and cafes within 1km
ShoppingSupermarket 1.5km away · Mall 1.4km away · Bank 164m away
Getting around
Expressway 1.6 km · Sagar RoadPrimary road 85 m · Savalanga RoadRailway line 602 mRailway station 931m away (Shimoga Town)2 bus stops within 500m
Water & environment
Canal 584 mWater body 1.5 km · Navule Lake
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
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

₹20.54 Cr declared to build 72 flats. What that works out to:

₹28.53 Lakhdeclared cost per flatall-in — land + construction
₹1,825/sq ftof built-up area₹19,645/sq m
28%of the cost is land₹1,394/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

Shivamogga Urban Development Authority

Urban Development Authority
approved 12 Jul 2023 · 3 yrs ago
Building Permit no. SMG-LBPAS-20824/22-23/BPSurvey no. 75/8
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 SMG-LBPAS-20824/22-23/BP on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Shivamogga Urban Development Authority

Urban Development Authority

Has approved 114 RERA projects1.3% of Karnataka.

a plotted-layout market21% apartments · 79% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.

Builders
103
On record
4,585 flats · 3,302 plots
Reach
7 taluks
Since
2018

More layout-heavy than Karnataka overall — 79% 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.

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.