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.

Location & price analysis

RERA Andhra Pradesh · Registration filing

Village: Madhavadhara
Mandal: Visakhapatnam(U)
District: Visakhapatnam
Pincode: 530041

What’s nearby

Schools1 school within 1km

HealthcareHospital 1.0km away · 3 clinics within 1km · Pharmacy within 500m

LifestyleNo parks within 2km · Gym or sports centre 1.5km away · 7 restaurants and cafes within 1km

ShoppingSupermarket 387m away · Bank 216m away · ATM within 500m

Getting around

Primary road 25 m · Visakhapatnam - Anandapuram Main RoadNo metro or railway within 5km6 bus stops within 500m

Water & environment

River 492 m

distances only — not a flood assessment

Declared external development

Roads0%

Water supply0%

Sewage0%

Electricity0%

Solid waste0%

Fire safety0%

Water0%

Emergency exits0%

Renewable energy0%

% complete as filed at registration — no progress updates are published, so this is a starting-line snapshot.

Price analysisdeclared build cost — not a sale price

₹47.40 Cr declared. What that works out to:

53%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.

Government guidance value

₹67,000/sq ydresidential

₹80,131/sq m · effective Feb 2025 · locality range ₹64,000–₹67,000

The state’s minimum value for this locality’s land, set for stamp duty — a floor, not a market price. Source: AP Registration & Stamps.

Planning authority

RERA Andhra Pradesh · Approved building plan

Commissioner, ULB

Municipal / Corporation · Visakhapatnam

approved 25 Jan 2025 · 1 yr ago

Building Permit no. 1086/1443/B/Z2/M-5/2024Survey no. 40/1B, 40/2, 40/3A

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 1086/1443/B/Z2/M-5/2024 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Visakhapatnam

Municipal Corporation

Has approved 1,344 RERA projects — about 1 in 5 in Andhra Pradesh, more than any other body in the state.

an apartments market — 87% apartments · 13% plotted layouts. Apartments like yours are this body's core business.

Builders: 840
On record: 39,785 flats · 20,512 plots
Reach: 27 mandals
Since: 2009

More apartment-heavy than Andhra Pradesh overall — 87% apartments here vs 74% 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.

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.
Construction progress — RERA Andhra Pradesh does not publish quarterly progress reports. How far along it actually is cannot be read here.
Complaints — RERA Andhra Pradesh does not publish a complaints register. This read cannot speak to them either way.
Escrow — RERA Andhra Pradesh does not publish escrow declarations. Whether buyer money is ring-fenced cannot be read here.