HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
36 units
Unit mix
13 × 2 BHK · 12 × 3 BHK · 10 × COMMERCIAL · 1 × 1 BHK
Towers
1
Floors
5
Land area
1,781 sq m
Built-up area
5,408 sq m
FAR sanctioned
2.12
Covered area
786 sq m
Open area
995 sq m
Land parcels
1 survey no

Timeline

Project startedNov 2024
RERA registeredNov 2024
Proposed completionDec 2029
TodayJul 2026
Construction progress

70% overall, as filed

Finishing10%
Amenities13%
Super-structure28%
Common areas33%
Internal infra36%
External infra38%
Sub-structure100%
From the promoter's latest quarterly progress report filed with RERA Karnataka — % complete overall and by stage, as of that filing. A dated snapshot, not a live tracker.

Find your flat

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

36 units across 4 batches
TypeArea sq mCount
1 BHK471
3 BHK11212
COMMERCIAL4410
2 BHK8513

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

MAHALAXMI DEVELOPERS

Partnership FirmPromoter type
Uttara KannadaBased in
23Projects
20Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
384 homes · 181 plotson the public record across 23 projects
41,675 sq mbuilt-up filed
8,100 sq mplotted area
36,678 sq mland declared
₹66.74 Crdeclared build cost

Build cost is what the promoter 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
Pimpri Chinchwad Municipal CorporationMunicipal Corporation2 of 12 projects
Surat Municipal CorporationMunicipal / Corporation2 of 12 projects
Ahmedabad Municipal CorporationMunicipal / Corporation1 of 12 projects
ChhindwaraTown & Country Planning (DTCP)1 of 12 projects
Local Planning AuthorityTown & Country Planning (DTCP)this project1 of 12 projects
Maharashtra State Road Development Corporation Limited1 of 12 projects
Nagpur Metropolitan Region Development AuthorityMetropolitan Development Authority1 of 12 projects
Town Planning Pune1 of 12 projects
UjjainTown & Country Planning (DTCP)1 of 12 projects
Vadodara Municipal CorporationMunicipal / Corporation1 of 12 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 promoter, 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
Karwar
District
Uttara Kannada
Pincode
581301
Address
PROPOSED CONSTRUCTION OF COMMERCIAL & RESIDENTIAL APARTMENT BUILDING IN SY.NO19B , (CTS No-1635B,1633/A3,1636,1637,1639) E Khata - 20-1-1-153D FOR SRI. RAJESH ACHYUT KAMAT AT KODIBAG KARWAR TALUK, U.K , Karwar , Uttara Kannada, Karnataka - 581301
North boundary
14°49'34.68"N
East boundary
14°49'35.46"N
South boundary
74° 7'52.76"E
West boundary
74° 7'53.96"E
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.4km away · Clinic within 2km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 535 mPrimary road 1.9 km · Kaiga RoadNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 1.3 kmRiver 2.0 km · Kali
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionOne or more surveys not converted to non-agricultural
LitigationDeclared free of litigation
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

₹15.33 Cr declared to build 36 flats. What that works out to:

₹42.58 Lakhdeclared cost per flatall-in — land + construction
₹2,633/sq ftof built-up area₹28,343/sq m
29%of the cost is land₹2,288/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

Local Planning Authority

Town & Country Planning (DTCP)
approved 24 Jul 2024 · 2 yrs ago
Building Permit no. KWR-LBPAS-11162/24-25/BP2022-23Survey no. 19/b
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 KWR-LBPAS-11162/24-25/BP2022-23 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Local Planning Authority

Town & Country Planning

Has approved 1,518 RERA projectsabout 1 in 6 in Karnataka.

a mixed market42% 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.

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.