HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Towers
1
Land area
2,795 sq m
FAR sanctioned
3.5
Covered area
1,113 sq m
Open area
1,682 sq m
Garage area
1,000 sq m

Timeline

Project startedSep 2021
RERA registeredFeb 2022
Proposed completionOct 2028
TodayJul 2026
Construction progress

90% overall, as filed

External infra20%
Amenities23%
Internal infra30%
Finishing50%
Super-structure54%
Common areas79%
Sub-structure88%
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.
02

Builder’s track record

RERA Karnataka · Promoter registration

ACE DEVELOPERS

Dakshina KannadaBased in
7Projects
5Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
12 homeson the public record across 7 projects
3,561 sq mbuilt-up filed
11,144 sq mland declared
₹42.06 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
Mangaluru Urban Development AuthorityUrban Development Authoritythis project4 of 5 projects
Nashik Municipal CorporationMunicipal Corporation1 of 5 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
Dakshina Kannada
District
Dakshina Kannada
Pincode
575008
Address
MATADHAKANI 4TH CROASS 792/2 794(P) 795(P) 796(P) 798/P1 P2 P3 799/1 799/2, BOLOOR VILLAGE BOLLOR WARD A GANDHI NAGAR MANGALORE
What’s nearby
Schools1 school within 1km · College or university 1.1km away · Library 856m away
HealthcareHospital 676m away · 1 clinic within 1km
LifestyleNo parks within 2km · Gym or sports centre 1.9km away · 3 restaurants and cafes within 1km
ShoppingSupermarket 1.2km away · Mall 526m away · Convenience store within 500m
Getting around
Expressway 2.4 kmPrimary road 929 m · Ladyhill CircleRailway line 2.8 kmRailway station 3.0km away (Mangaluru Central)Bus stop within 500m
Water & environment
River 769 m · GurupuraWater body 1.1 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹27.89 Cr declared. What that works out to:

18%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

Mangaluru Urban Development Authority

Urban Development Authority
Building Permit
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

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.