HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Units
53 units
Unit mix
38 × SHOP · 15 × 2BHK
Towers
1
Floors
5
Land area
995 sq m
Built-up area
2,945 sq m
FAR sanctioned
2.39
Covered area
446 sq m
Open area
549 sq m
Land parcels
2 survey nos

Timeline

Project startedApr 2024
RERA registeredSep 2024
Proposed completionDec 2026
TodayJul 2026
Construction progress

63% overall, as filed

Amenities8%
Finishing27%
External infra41%
Internal infra50%
Common areas61%
Super-structure79%
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.

53 units across 2 batches
TypeArea sq mCount
SHOP1938
2BHK7015

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

SPECTRUM INDIA PROPERTIES

Partnership FirmPromoter type
Dakshina KannadaBased in
2Projects
1City
2024–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
108 homeson the public record across 2 projects
11,818 sq mbuilt-up filed
3,408 sq mland declared
₹34.73 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
Local Planning AuthorityTown & Country Planning (DTCP)1 of 2 projects
Mangaluru Urban Development AuthorityUrban Development Authoritythis project1 of 2 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
Mangalore
District
Dakshina Kannada
Pincode
575014
Address
PLAN SHOWING THE PROPOSED CONSTRUCTION OF RESIDENTIAL/COMMERCIAL BUILDING IN SITE BEARING , S.NO.15/1B(P1),(P2), 15/3(P1),(P2), 15/5(P1),(P2),15/2(P),15/5(P3),OF KATIPALLA VILLAGE MANGALORE , Mangalore , Dakshina Kannada, Karnataka - 575014
North boundary
12°49'38.06"N
East boundary
12°49'38.31"N
South boundary
74°51'37.24"E
West boundary
74°51'37.50"E
What’s nearby
SchoolsNo schools within 2km · College or university 510m away
HealthcareHospital 1.2km away · Clinic within 2km
LifestylePark 720m away · 3 restaurants and cafes within 1km
ShoppingSupermarket 1.9km away · Bank 391m away
Getting around
Expressway 1.1 kmPrimary road 1.0 kmRailway line 538 m · Konkan RailwayRailway station 742m away (Surathkal)2 bus stops within 500m
Water & environment
Water body 689 m
distances only — not a flood assessment
Land, title & encumbrance
LandJoint development (JDA) — built on the owner’s land by agreement
ConversionOne or more surveys not converted 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

₹5.80 Cr declared to build 53 flats. What that works out to:

₹10.94 Lakhdeclared cost per flatall-in — land + construction
₹1,830/sq ftof built-up area₹19,694/sq m
16%of the cost is land₹880/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 6 Oct 2023 · 2 yrs ago
Building Permit no. A4/BA-25/2023-24(168128)Survey no. 15/3(p2), 15/2(p),15/5(p2) & (p3)
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 A4/BA-25/2023-24(168128) 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.