HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
25 units
Unit mix
13 × 2 BHK · 12 × 1 BHK
Towers
1
Floors
7
Land area
1,325 sq m
Built-up area
2,514 sq m
FAR sanctioned
2.5
Covered area
323 sq m
Open area
1,002 sq m
Land parcels
2 survey nos

Timeline

Project startedOct 2025
RERA registeredOct 2025
Proposed completionDec 2030
TodayJul 2026
Construction progress

49% overall, as filed

Amenities0%
Finishing3%
External infra14%
Super-structure21%
Common areas22%
Internal infra25%
Sub-structure76%
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.

Find your flat

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

25 units across 2 batches
TypeArea sq mCount
2 BHK8313
1 BHK4712

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

SHEYA DEVELOPERS

Partnership FirmPromoter type
UdupiBased 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
Udupi
District
Udupi
Pincode
576105
Address
DETAILED PLAN OF PROPOSED RESIDENTIAL APARTMENT BUILDING IN SY.NO , 6/2A & 6/15A AT BADANIDIYOOR VILLAGE, UDUPI , Udupi , Udupi, Karnataka - 576105
North boundary
13°23'17.58"N
East boundary
13°23'18.39"N
South boundary
74°42'8.25"E
West boundary
74°42'9.92"E
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 3.8km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km · Bank 972m away
Getting around
Expressway 3.9 kmPrimary road 4.4 kmNo metro or railway within 5kmBus stop within 1km
Water & environment
Water body 1.6 kmRiver 3.2 km · Suvarna
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
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

₹6.29 Cr declared to build 25 flats. What that works out to:

₹25.15 Lakhdeclared cost per flatall-in — land + construction
₹2,323/sq ftof built-up area₹25,007/sq m
6%of the cost is land₹284/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

Local Planning Authority

Town & Country Planning (DTCP)
approved 3 Jun 2025 · 1 yr ago
Building Permit no. BCL_00358/1526003033/25-26Survey no. 6/2a
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 BCL_00358/1526003033/25-26 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Local Planning Authority

Town & Country Planning

Has approved 1,518 RERA projectsabout 1 in 6 in Karnataka.

a mixed market42% apartments · 58% plotted layouts.

Builders
1,212
On record
42,750 flats · 54,584 plots
Reach
128 taluks
Since
2017

More layout-heavy than Karnataka overall — 58% 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.