HORIZON
Share

SHYAM PLAZA

PR/GJ/SURAT/CHORASI/SUDA/CAA02876/EX2/EX3/230924/200524 · GujRERA · https://gethorizon.in/projects/shyam-plaza-chorasi-f43h34gm

01

Complete project overview

GujRERA · Registration filing
Project name
SHYAM PLAZA
Units
423 units
Mix
299 × Shop · 91 × Other · 33 × Office
Carpet area
7–436 sq mper-unit range, as filed
Parking
2,734 spaces
Land area
5,787 sq m

Timeline

Project startedFeb 2018
RERA registeredJun 2018
Proposed completionMay 2024
TodaySep 2026
Construction progress

88% overall, as filed

Overall % complete as filed with GujRERA, taken as the slowest of the project's blocks — a snapshot, not a live tracker. Where a BU permission is on record (section 04), that is the firmer completion signal.

Find your unit

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

423 units across 3 batches
TypeArea sq mCount
Shop18299
Other3991
Office10433

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

GujRERA · Builder registration

ARHAM DEVELOPERS

PARTNERSHIP FIRMPromoter type
Surat, GujaratBased in
16Projects
11Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
1,408 homes · 43 plotson the public record across 16 projects
49,851 sq mbuilt-up filed
13,530 sq mplotted area
66,497 sq mland declared
₹146.44 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
Navsari Urban Development AuthorityUrban Development Authority2 of 10 projects
Rajkot Municipal CorporationMunicipal / Corporation2 of 10 projects
Ahmedabad Urban Development AuthorityUrban Development Authority1 of 10 projects
City and Industrial Development Corporation (CIDCO)Development Authority1 of 10 projects
Others1 of 10 projects
Pardi MunicipalityMunicipal / Corporation1 of 10 projects
Surat Municipal CorporationMunicipal / Corporationthis project1 of 10 projects
Urban Improvement TrustUrban Improvement Trust1 of 10 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 ARHAM DEVELOPERS— the full portfolio →

03

Location & price analysis

GujRERA · Registration filing
Taluka
Chorasi
District
Surat
Pincode
395007
Address
SHYAM PLAZA, Block No. 72, T.P.S. No. 05 (Vesu Bhimraad), F.P. No. 89, Vesu, Surat
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 166m away · 5 clinics within 1km · Doctor's clinic within 1km
LifestyleNo parks within 2km · 6 restaurants and cafes within 1km
ShoppingSupermarket 1.6km away · Mall 968m away
Getting around
Expressway 2.6 kmPrimary road 42 mMetro station 665m away (VIP Road)Bus stop within 1km
Water & environment
River 1.1 km
distances only — not a flood assessment
Land, title & encumbrance
MortgageLoan outstanding · ₹8.00 Cr outstanding
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

₹60.04 Cr declared to build 423 flats. What that works out to:

₹5.43 Lakh – ₹1.47 Crdeclared unit pricerange on the filing — not a live asking price
₹14.19 Lakhdeclared cost per flatall-in — land + construction
₹4,536/sq ftof carpet area₹48,827/sq m
36%of the cost is land₹3,476/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

Gujarat Revenue Department — Annual Statement of Rates (jantri), 2011

In Gujarat it’s called the jantri rate — the 2011 book, which is the one in Horizon's record.

₹17,559per sq yd
₹21,000per sq m
Which rate
land + construction: residential flat
Matched to
The rate published for the village of “VESU”.
In force
2011 schedule

This filing declares ₹48,827 per sq m of carpet area — 2.33× the government figure. Declared cost is land and construction; the government guidance rate is what the state will not register a sale below. Neither is a sale price.

What this number is — and isn’t

  • The minimum value Gujarat’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 village, and says so above. How Horizon decides what to show.
05

Planning authority

GujRERA · Approved building plan

Surat Municipal Corporation

Municipal / Corporation
Building Permitapproved 12 Jun 2018 · 8 yrs ago

The promised possession date (20 May 2024) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

Building-Use (BU) permission — the occupancy sign-off, on record

All 1 block carry a Building-Use (BU) permission (latest 3 Oct 2024)— Gujarat’s legal-to-occupy sign-off, and the completion proof most RERA records simply don’t carry. Still confirm the BU covers your specific unit before you rely on it.

The approving body, at scale

Surat Municipal Corporation

Municipal Corporation

Has approved 1,566 RERA projectsabout 1 in 11 in Gujarat.

an apartments market85% apartments · 15% plotted layouts. Apartments like yours are this body's core business.

Builders
1,275
On record
2,64,009 flats · 16,727 plots
Reach
8 talukas
Since
2005

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 GujRERA

07

Other projects nearby

The register · within 25 km

180 commercial projects still under way within 25 km. Step out ring by ring:

Of the 605 projects the radar draws within 6 km — every kind, every stage — 63 are commercial projects still under way. This list keeps only those, and looks further out.

7 projects within 1 km — showing the nearest 6.

40 m awayCommercial

SOLARIS KODE

AARYAN INFRA · Surat City

Dec 2022registered
Mar 2027target completion
Declared cost₹20.90 CrScale25 flatsAuthorityGujRERA
430 m awayCommercial

RAJHANS RELIFE

RAJHANS INFRACON (INDIA) PRIVATE LIMITED · Surat City

Jun 2024registered
Dec 2029target completion
Price band₹9.67 Lakh–₹1.67 CrScale91 flatsAuthorityGujRERA
530 m awayCommercial

RIZE

TRIVEDAA · Surat City

Dec 2024registered
Mar 2027target completion
Price band₹17.15 Lakh–₹1.95 CrScale93 flatsAuthorityGujRERA
540 m awayCommercial

ZENITH

PRAMUKH LIFE SPACES LLP · Surat City

Mar 2025registered
Dec 2029target completion
Price band₹37.53 Lakh–₹4.68 CrScale97 flatsAuthorityGujRERA
670 m awayCommercial

ATMOSPHERE ICONIC

siddhi vinayak enterprise · Surat City

May 2026registered
Dec 2030target completion
Price band₹21.82 Lakh–₹1.80 CrScale93 flatsAuthorityGujRERA
740 m awayCommercial

NEMI EMINENT

NEMI EMINENT · Surat City

Jun 2024registered
Jun 2028target completion
Price band₹9.74 Lakh–₹1.26 CrScale143 flatsAuthorityGujRERA

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.

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.