HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Towers
1
Land area
607 sq m
FAR sanctioned
2.67
Covered area
290 sq m
Open area
317 sq m

Timeline

Project startedJan 2020
Proposed completionMay 2021
RERA registeredOct 2021
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Konchady Jeevanraj Shenoy

IndividualPromoter type
KarnatakaBased in
1Projects
1City
2021–presentActive
Timelineevery project, start → promised completion
SAPTHAGIRI ARCADE

SAPTHAGIRI ARCADE

this project
Residential/Group Housing
Jan 2020started
May 2021target completion
₹6.40 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

RERA Karnataka · Registration filing
Taluk
Mangalore
District
Dakshina Kannada
Pincode
575003
Address
TS NO-666/93 of BOLOOR Village, Mangalore City
What’s nearby
Schools3 schools within 500m · 10 educational institutions within 1km · College or university 198m away
HealthcareHospital 383m away · 3 clinics within 1km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 46m away · 27+ restaurants and cafes within 1km
ShoppingSupermarket 263m away · Mall 1.8km away · Convenience store within 500m
Getting around
Expressway 1.8 kmPrimary road 43 m · Mahatma Gandhi RoadRailway line 1.4 kmRailway station 1.6km away (Mangaluru Central)Bus stop within 1km
Water & environment
River 455 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹6.40 Cr declared. What that works out to:

35%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 2021) 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 projects — about 1 in 20 in Karnataka.

an apartments market — 96% 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.