HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
162 units
Unit mix
114 × 3 BHK · 48 × 2 BHK
Towers
5
Floors
6
Land area
7,941 sq m
Built-up area
26,860 sq m
FAR sanctioned
1.66
Covered area
3,022 sq m
Open area
4,919 sq m
Land parcels
1 survey no

Timeline

Project startedJul 2024
RERA registeredMar 2025
Proposed completionMar 2029
TodayJul 2026

Find your flat

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

162 units across 2 batches
TypeArea sq mCount
3 BHK88114
2 BHK6548

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

M R GROUPS

ProprietorshipPromoter type
Bengaluru UrbanBased in
1Projects
1City
2025–presentActive
Timelineevery project, start → promised completion

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
Shivamogga
District
Shivamogga
Pincode
577201
Address
SY. NO. 02, WARD NO. 8, KHATA NO. 5702, PID NO. 163116 , TEVARACHATNAHALLI VILLAGE , Shivamogga , Shivamogga, Karnataka - 577201
North boundary
SY NO. 3
East boundary
ROAD
South boundary
SY NO. 1
West boundary
SY NO. 10
What’s nearby
SchoolsNo schools within 2km · College or university 1.9km away
HealthcareNearest hospital 2.2km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 3.2 kmPrimary road 824 mRailway line 1.4 kmRailway station 1.7km away (Shimoga Town)Limited bus connectivity nearby
Water & environment
Water body 903 mCanal 1.2 kmRiver 1.2 km · Tunga
distances only — not a flood assessment
Land, title & encumbrance
LandJoint development (JDA) — built on the owner’s land by agreement
ConversionConverted 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

₹52.75 Cr declared to build 162 flats. What that works out to:

₹32.56 Lakhdeclared cost per flatall-in — land + construction
₹1,825/sq ftof built-up area₹19,639/sq m
8%of the cost is land₹491/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

Shivamogga Urban Development Authority

Urban Development Authority
approved 13 Oct 2023 · 2 yrs ago
Building Permit no. SMG-LBPAS-21606/23-24/BP by SHIVAMOGGA MAHANAGARA PALIKESurvey no. 2
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 SMG-LBPAS-21606/23-24/BP by SHIVAMOGGA MAHANAGARA PALIKE on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Shivamogga Urban Development Authority

Urban Development Authority

Has approved 114 RERA projects1.3% of Karnataka.

a plotted-layout market21% apartments · 79% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.

Builders
103
On record
4,585 flats · 3,302 plots
Reach
7 taluks
Since
2018

More layout-heavy than Karnataka overall — 79% 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.