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SHREE MAHALAKSHMI ENCLAVE III

PRM/KA/RERA/1268/379/PR/181226/002247 · RERA Karnataka · https://gethorizon.in/projects/shree-mahalakshmi-enclave-iii-krishnarajanagara-q8r6gt4u

01

Complete project overview

RERA Karnataka · Registration filing
Land area
14,266 sq m
Covered area
13,124 sq m

Timeline

Project startedOct 2016
Proposed completionMay 2018
RERA registeredDec 2018
TodaySep 2026
02

Builder’s track record

RERA Karnataka · Builder registration

Venkatesh P T

IndividualPromoter type
KarnatakaBased in
2Projects
2Cities
2018–2023Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
103 plotson the public record across 2 projects
14,266 sq mplotted area
14,266 sq mland declared
₹2.22 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
Chamarajanagar-Ramsamudra Urban Development AuthorityUrban Development Authority1 of 2 projects
Mysuru Urban Development AuthorityUrban Development Authoritythis project1 of 2 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.

More from Venkatesh P T— the full portfolio →

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Krishnarajanagara
District
Bengaluru Urban
Address
No.125/2B, mulluru Village, jayapura hobali
What’s nearby
Schools1 school within 1km
HealthcareHospital 1.9km away
LifestyleNo parks within 2km · 3 restaurants and cafes within 1km
ShoppingNo supermarket within 2km
Getting around
Expressway 5.0 kmPrimary road 847 m · Sarjapura RoadRailway line 1.9 kmRailway station 1.9km away (Carmelaram)Bus stop within 1km
Water & environment
Water body 950 m · Devara Kere
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹35.00 Lakh declared. What that works out to:

₹23/sq ftof plotted area₹245/sq m
143%of the cost is land₹33/sq ft of 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 department

In 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 plan

Mysuru Urban Development Authority

Urban Development Authority
Layout Permit

The promised possession date (30 May 2018) 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

Mysuru Urban Development Authority

Urban Development Authority

Has approved 429 RERA projectsabout 1 in 20 in Karnataka.

a plotted-layout market14% apartments · 86% plotted layouts. Your plotted layout is this body's core business.

Builders
342
On record
3,071 flats · 19,105 plots
Reach
11 taluks
Since
2017

More layout-heavy than Karnataka overall — 86% 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.

See every project approved by RERA Karnataka

07

Other projects nearby

The register · within 25 km

188 plotted projects still under way within 25 km. The nearest 6:

AnekalPlotted Development

IVY County

Icon Developers and Promoters

Oct 2024started
Sep 2028target completion
Declared cost₹303.97 CrScale658 plotsAuthorityRERA Karnataka
Bengaluru SouthPlotted Development

ASTRO CITY BOULEVARDS PHASE 2

ASTRO LAND DEVELOPERS

Jan 2026started
Dec 2028target completion
Declared cost₹26.68 CrScale63 plotsAuthorityRERA Karnataka
Bengaluru EastPlotted Development

BUTTERFLY AVENUE

TERRA GOLD VENTURES

Oct 2023started
Oct 2026target completion
Declared cost₹52.04 CrScale108 plotsAuthorityRERA Karnataka
AnekalPlotted Development

Prime Acres Samasti

PRIME ACRES PRoJECTS

Apr 2025started
Mar 2026target completion
Declared cost₹46.98 CrScale73 plotsAuthorityRERA Karnataka
Bengaluru SouthPlotted Development

Assetz Inspira Melodies of Life

IINSPIRA WORLDCITY PROJECTS PRIVATE LIMITED

Mar 2024started
Aug 2026target completion
Declared cost₹517.90 CrScale505 plotsAuthorityRERA Karnataka
AnekalPlotted Development

MANYATA EKAMARA

M/s Manyata Developers Pvt. Ltd

May 2024started
May 2027target completion
Declared cost₹53.93 CrScale241 plotsAuthorityRERA 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.