HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Completed
Towers
1
Land area
1,669 sq m
FAR sanctioned
1.46
Covered area
796 sq m
Open area
873 sq m

Timeline

Project startedApr 2016
Proposed completionOct 2018
RERA registeredDec 2022
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

SHAMBHAVI KARKALA

UdupiBased in
1Projects
1City
2022–presentActive
Timelineevery project, start → promised completion
SHREE SUDHEENDRA RESIDENCY

SHREE SUDHEENDRA RESIDENCY

this project
Mixed Development
Apr 2016started
Oct 2018target completion
₹6.50 Cr

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
Karkala
District
Udupi
Pincode
576101
Address
NEAR SHREE VENKATARAMANA TEMPLE, UDUPI-KARKALA MAIN ROAD KARKALA
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 893m away · 2 clinics within 1km
LifestylePark 882m away
ShoppingNo supermarket within 2km · Bank 519m away
Getting around
Expressway 2.5 kmPrimary road 823 mNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
River 674 m · Murngi PapanashiniWater body 1.2 km · Aanekere
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹6.50 Cr declared. What that works out to:

31%of the cost is 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

Udupi Urban Development Authority

Urban Development Authority
Building Permit

The promised possession date (31 Oct 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

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.

The approving body, at scale

Udupi Urban Development Authority

Urban Development Authority

Has approved 134 RERA projects — 1.5% of Karnataka.

an apartments market — 87% apartments · 13% plotted layouts. Apartments like yours are this body's core business.

Builders
112
On record
3,485 flats · 325 plots
Reach
6 taluks
Since
2017

More apartment-heavy than Karnataka overall — 87% 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.