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01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
85 units
Unit mix
25 × APARTMENT · 12 × shop · 8 × APARTMENT · 7 × APARTMENT · 4 × SHOP · 4 × shop · 4 × shop · 3 × shop · 3 × shop · 3 × shop · 3 × SHOP · 2 × shop · 2 × SHOP · 2 × SHOP · 1 × shop · 1 × shop · 1 × SHOP
Towers
1
Floors
5
Land area
1,699 sq m
Built-up area
5,634 sq m
FAR sanctioned
3.36
Covered area
947 sq m
Open area
752 sq m
Land parcels
4 survey nos

Timeline

Project startedDec 2021
RERA registeredJun 2022
Proposed completionJun 2025
TodayJul 2026
Construction progress

90% overall, as filed

Finishing80%
Super-structure89%
Internal infra90%
External infra91%
Common areas93%
Amenities95%
Sub-structure100%
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.

85 units across 17 batches
TypeArea sq mCount
APARTMENT127
shop223
shop351
APARTMENT58
shop213
SHOP54
APARTMENT325
shop203
SHOP63
shop162
shop194
SHOP72
SHOP82
shop531
shop212
shop174
SHOP211

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

Somayaji Estates Private Limited

CompanyPromoter type
Dakshina KannadaBased in
3Projects
1City
2021–2025Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
85 homeson the public record across 3 projects
5,634 sq mbuilt-up filed
5,189 sq mland declared
₹32.08 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.

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
Mangalore
District
Dakshina Kannada
Pincode
575006
Address
SURVEY NUMBER 167/2P-1 , DERABAIL , Mangalore , Dakshina Kannada, Karnataka - 575006
North boundary
portion of same survey number
East boundary
road
South boundary
road
West boundary
road
What’s nearby
SchoolsNearest school 1.4km away · College or university 1.2km away
HealthcareHospital 1.7km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km · Bank 70m away
Getting around
Expressway 1.3 kmPrimary road 905 mRailway line 2.7 kmRailway station 4.9km away (Mangaluru Central)Limited bus connectivity nearby
Water & environment
Water body 1.5 km · Kavoor Lake
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
MortgageNone declared on the project / land
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

₹12.30 Cr declared to build 85 flats. What that works out to:

₹14.47 Lakhdeclared cost per flatall-in — land + construction
₹2,028/sq ftof built-up area₹21,832/sq m
35%of the cost is land₹2,345/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

Mangaluru Urban Development Authority

Urban Development Authority
approved 2 Aug 2021 · 4 yrs ago
Building Permit no. F14BA116/2020-21Survey no. 167/2p

The promised possession date (30 Jun 2025) 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.

Verify it yourself — look up plan F14BA116/2020-21 on the approving authority’s portal to confirm the sanction.

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.