The only project Horizon has read from this builder so far. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.
Builder's track record — done
03
Location & price analysis
RERA Karnataka · Registration filing
Taluk
Chikkamagaluru
District
Chikkamagaluru
Pincode
577133
Address
Sy.No. 91, 96/1, 96/2, 114, 89/10, 89/17 and 90/5 of Gavanahalli Village, , Kasaba Hobli, Chikamagaluru Taluk , Chikkamagaluru , Chikkamagaluru, Karnataka - 577133
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 3.8km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 2.1 km · Mudigere-Kadur RoadPrimary road 4.3 kmRailway line 3.4 km · Chikmagalur - Kadur branchRailway station 3.7km away (Chikkamagaluru)Limited bus connectivity nearby
Water & environment
Water body 992 mCanal 1.8 km
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
MortgageNone declared on the project / land
As declared by the builder 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
₹11.95 Cr declared to build 303 plots. What that works out to:
₹3.94 Lakhdeclared cost per plotall-in — land + construction
60%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.
Location & price analysis — done
04
Government Guidance Rate
Karnataka Department of Stamps & Registration — 2023-24 guidance-value gazettes
In Karnataka it’s called the guidance value.
₹6,689per sq yd
₹8,000per sq m
Which rate
site (guidance value)
Matched to
The rate published for “Gavanahalli”.
In force
effective Oct 2023
Spread
₹5,853 – ₹6,689 per sq yd across the places it was taken over
What this number is — and isn’t
The minimum value Karnataka’s registration department will register a sale at. Stamp duty is usually charged on this or the price in the sale deed, whichever is higher.
Not a market price. Sales normally register above it, and how far above varies by place and by project.
Its fit depends on the grain the state publishes at. This one is matched at the level of locality, and says so above. How Horizon decides what to show.
Government Guidance Rate — done
05
Planning authority
RERA Karnataka · Approved building plan
Chikkamagaluru Urban Development Authority
Urban Development Authority
approved 25 Jun 2021 · 5 yrs ago
Layout Permit no. 116 41 2018-19 603Survey no. 91
The promised possession date (30 Jun 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
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.
Verify it yourself — look up plan 116 41 2018-19 603 on the approving authority’s portal to confirm the approval.
The approving body, at scale
Chikkamagaluru Urban Development Authority
Urban Development Authority
Has approved 16 RERA projects — 0.2% of Karnataka.
a mixed market — 38% apartments · 62% plotted layouts.
Builders
16
On record
20 flats · 1,229 plots
Reach
4 taluks
Since
2018
More layout-heavy than Karnataka overall — 62% 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.
None 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
Declared free of litigation
The builder's own declaration at registration — not a court's or RERA Karnataka's finding. A flagged line is worth checking with RERA Karnataka.
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.
Complaints & litigation — done
07
Other projects nearby
The register · within 25 km
4 plotted projects still under way within 25 km. Step out ring by ring:
Of the 7 projects the radar draws within 6 km — every kind, every stage — 1 is a plotted project still under way. This list keeps only those, and looks further out.