HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Land area
16,186 sq m
Covered area
8,876 sq m
Open area
7,310 sq m

Timeline

Project startedJun 2019
RERA registeredOct 2019
Proposed completionMay 2022
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

SPH GROUPS

Bengaluru UrbanBased in
1Projects
1City
2019–2022Active
Timelineevery project, start → promised completion
SPH Palms

SPH Palms

this project
Plotted Development
Jun 2019started
May 2022target completion
16,186 sq m₹6.12 Cr

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
Kolar
District
Bengaluru Urban
Pincode
560099
Address
Sy. No.80/1, 80/2, 80/3, 80/4, perjanahalli village, vemgal Hobli, Kolar Taluk,
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 4.2km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 4.3 kmPrimary road 1.7 km · Kolar Chikballapura RoadNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 279 mRiver 4.0 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹6.12 Cr declared. What that works out to:

₹351/sq ftof plotted area₹3,779/sq m
6%of the cost is land₹22/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

Kolar Urban Development Authority

Urban Development Authority
Layout Permit

The promised possession date (31 May 2022) 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.

The approving body, at scale

Kolar Urban Development Authority

Urban Development Authority

Has approved 57 RERA projects — 0.7% of Karnataka.

a plotted-layout market — 4% apartments · 96% plotted layouts. Your plotted layout is this body's core business.

Builders
47
On record
0 flats · 5,297 plots
Reach
6 taluks
Since
2017

More layout-heavy than Karnataka overall — 96% 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

1 complaint on RERA Karnataka’s register for this project — 2 disposed.

A count from the authority’s public register — not a judgement. A disposed complaint may have been resolved for or against the builder, and only disputes escalated this far appear at all.

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.