HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Units
128 units
Unit mix
103 × SHOP · 23 × OTHERS-ROOMS · 2 × COMMERCIAL
Towers
1
Floors
3
Land area
3,047 sq m
Built-up area
7,768 sq m
FAR sanctioned
1.94
Covered area
2,014 sq m
Open area
1,033 sq m
Land parcels
1 survey no

Timeline

Project startedAug 2021
RERA registeredAug 2023
Proposed completionDec 2026
TodayJul 2026

Find your unit

Filed by type and size, in the batches the promoter registered — not a per-unit listing. Look yours up.

128 units across 3 batches
TypeArea sq mCount
COMMERCIAL1742
SHOP23103
OTHERS-ROOMS6223

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. The declared inventory as registered — how many of each type exist, not how many are still unsold (this state's filing carries no booking count).

02

Builder’s track record

RERA Karnataka · Promoter registration

SHETTYS DEVELOPERS

Partnership FirmPromoter type
Dakshina KannadaBased in
1Projects
1City
2023–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
Moodabidri
District
Dakshina Kannada
Pincode
574227
Address
REVISED PLAN SHOWING PROPOSED CONSTRUCTION OF THE COMMERCIAL BUILDING BELONGS TO MR. HARIPRASAD SHETTY & OTHERS , ON S.N.125/3 AT MARPADY VILLAGE, MOODBIDRI TALUK, D.K , Moodabidri , Dakshina Kannada, Karnataka - 574227
North boundary
13° 3'58.88"N
East boundary
13° 3'59.87"N
South boundary
74°59'34.24"E
West boundary
74°59'36.66"E
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 3.0km away · 2 clinics within 1km
LifestyleNo parks within 2km · Swimming pool within 2km
ShoppingNo supermarket within 2km · Bank 313m away
Getting around
Expressway 63 m · Solapur-Mangalore HighwayPrimary road 689 mNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 1.7 km
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
MortgageNone declared on the project / land
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

₹14.98 Cr declared to build 128 flats. What that works out to:

₹11.71 Lakhdeclared cost per flatall-in — land + construction
₹1,792/sq ftof built-up area₹19,290/sq m
22%of the cost is land₹1,001/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

Mangaluru Urban Development Authority

Urban Development Authority
approved 20 Jul 2021 · 5 yrs ago
Building Permit no. MDB-BL-59/2021-22Survey no. 125/3
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 MDB-BL-59/2021-22 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Mangaluru Urban Development Authority

Urban Development Authority

Has approved 440 RERA projectsabout 1 in 20 in Karnataka.

an apartments market96% 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.