MangaloreCommercial
Lotus Triangle
Lotus Properties
May 2024started
Sep 2026target completion
Declared cost₹6.66 CrScale22 flatsAuthorityRERA Karnataka
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Detailed ReportShakthi City Square
01
Complete project overview
RERA Karnataka · Registration filing- Towers
- 1
- Land area
- 738 sq m
- FAR sanctioned
- 3.5
- Covered area
- 432 sq m
- Open area
- 305 sq m
- Garage area
- 493 sq m
Timeline
Project startedJul 2018
RERA registeredSep 2018
Proposed completionJun 2020
TodaySep 2026
02
Builder’s track record
RERA Karnataka · Builder registrationLathish Suvarna
Dakshina KannadaBased in
5Projects
1City
2017–2020Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
5 projectson the public record across 5 projects
5,545 sq mland declared
₹26.81 Crdeclared build cost
Build cost is what the builder 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
Mangaluru Urban Development AuthorityUrban Development Authority4 of 5 projects
Local Planning AuthorityTown & Country Planning (DTCP)this project1 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 builder, 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
- 575003
- Address
- Thokottu, Mangalore
What’s nearby
Schools4 schools within 1km · 6 educational institutions within 1km · College or university 506m away
HealthcareHospital 325m away · 1 clinic within 1km · Pharmacy within 1km
LifestyleNo parks within 2km · Gym or sports centre 1.0km away · 10+ restaurants and cafes within 1km
ShoppingSupermarket 720m away · Mall 861m away · Convenience store within 1km
Getting around
Expressway 1.7 kmPrimary road 312 m · Mahatma Gandhi RoadRailway line 2.3 kmRailway station 2.4km away (Mangaluru Central)2 bus stops within 500m
Water & environment
River 523 mWater body 1.0 km
distances only — not a flood assessmentPrice analysisdeclared build cost — not a sale price
₹3.36 Cr declared. What that works out to:
30%of the cost is land
This is what the builder 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
Government Guidance Rate
Karnataka registration departmentIn Karnataka it’s called the guidance value.
No government guidance rate is shown for this project.
Karnataka's guidance-value gazettes are in Horizon's record, but this project's address doesn't name a place any of its sub-registrar's tables print.
That is a statement about what Horizon can place — not a sign that no rate exists, and not a signal about the project.
05
Planning authority
RERA Karnataka · Approved building planBuilding Permit
The promised possession date (30 Jun 2020) 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
An approved 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 approved plan carries penalty or demolition risk.
The approving body, at scale
Local Planning Authority
Town & Country PlanningHas approved 1,518 RERA projects — about 1 in 6 in Karnataka.
a mixed market — 42% apartments · 58% plotted layouts.
- Builders
- 1,212
- On record
- 42,750 flats · 54,584 plots
- Reach
- 128 taluks
- Since
- 2017
More layout-heavy than Karnataka overall — 58% 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.
06
Complaints & litigation
RERA Karnataka · public recordNone on record with RERA Karnataka against this project.
Only disputes escalated to the authority appear on the record — a private disagreement never filed here would not. A count from the public record, not a verdict.
What the builder declared
Declared to RERA Karnataka- Litigation
- None declared in this filing
Only what the builder declared, or what RERA Karnataka records itself, can appear here — a case filed elsewhere and never declared would not.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with RERA Karnataka, or that this register doesn’t publish it — never that nothing happened.
07
Other projects nearby
The register · within 25 km9 commercial projects still under way within 25 km. Step out ring by ring:
3 projects within 1 km — showing the nearest 3.
MangaloreCommercial
BHANDARY INIHA BUSINESS CENTRE
BHANDARY CITY WORLD PRIVATE LIMITED
Oct 2022started
Oct 2026target completion
Declared cost₹34.15 CrScale41 flatsAuthorityRERA Karnataka
Dakshina KannadaCommercial
FOURWALLS AARAMBH
FOURWALLS BUILDERS & DEVELOPERS
May 2024started
Oct 2026target completion
Declared cost₹31.50 CrScale31 flatsAuthorityRERA Karnataka
Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.
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.
Sources
Where each section of this report comes from.
- 01Complete project overview
- The project's registration filing with RERA Karnataka, as the builder submitted it.
- 02Builder's track record
- RERA Karnataka: the builder's registration.
- The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
- 03Location & price analysis
- Address, pincode and declared cost: the RERA Karnataka filing.
- Coordinates: geocoded by Horizon from the filed address with Google Geocoding, matched to the general area only, not the exact site.
- What's nearby and getting around: distances measured by Horizon on OpenStreetMap data, © OpenStreetMap contributors (ODbL). Not from the RERA filing.
- Map: © OpenStreetMap contributors (ODbL).
- 04Government Guidance Rate
- No government guidance rate could be matched to this project from Karnataka's published schedules.
- 05Planning authority
- RERA Karnataka: the approved building plan, as filed.
- The approving body's other projects: counted by Horizon across the register.
- 06Complaints & litigation
- RERA Karnataka's public record lists no complaints or litigation for this project.
- 07Other projects nearby
- The RERA-registered projects Horizon holds within 25 km of these coordinates.
Compiled by Horizon from public records. Each fact is reproduced as its source publishes it, and Horizon does not verify filings on the ground. The live record: gethorizon.in/projects/shakthi-city-square-mangalore-hsmil7jo.
Horizon does not rate, review, score or signal, and it gives no verdict, opinion or forecast. Its only aim is to seek the truth through data: what the public record says, where each fact comes from, and where the record is silent. Nothing in this document is legal, financial or investment advice; what to make of it is yours to decide.