HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Units
22 units
Unit mix
21 × SHOP · 1 × 1 BHK
Towers
1
Floors
3
Land area
850 sq m
Built-up area
2,276 sq m
FAR sanctioned
1.98
Covered area
528 sq m
Open area
322 sq m
Land parcels
1 survey no

Timeline

Project startedSep 2023
RERA registeredJan 2024
Proposed completionSep 2025
TodayJul 2026

Find your flat

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

22 units across 2 batches
TypeArea sq mCount
1 BHK521
SHOP5921

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

LYCORIS DEVELOPERS

ProprietorshipPromoter type
Dakshina KannadaBased in
1Projects
1City
2024–2025Active
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
Mangalore
District
Dakshina Kannada
Pincode
575014
Address
PROPOSED CONSTRUCTION OF RESIDENTIAL CUM COMMERCIAL BUILDING AT , SY.NO: 38/A2C1(P), 38/A2C2(P), IDYYA VILLAGE MANAGLORE , Mangalore , Dakshina Kannada, Karnataka - 575014
North boundary
12°59'15.96"N
East boundary
12°59'17.00"N
South boundary
74°48'25.94"E
West boundary
74°48'26.72"E
What’s nearby
SchoolsNo schools within 2km · College or university 1.2km away
HealthcareHospital 613m away · 2 clinics within 1km
LifestylePark 1.3km away · 13+ restaurants and cafes within 1km
ShoppingSupermarket 991m away · Bank 141m away · ATM within 500m
Getting around
Expressway 645 mPrimary road 141 mRailway line 139 m · Konkan RailwayRailway station 341m away (Surathkal)Bus stop within 500m
Water & environment
Water body 1.3 kmCanal 1.5 km
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

₹4.68 Cr declared to build 22 flats. What that works out to:

₹21.29 Lakhdeclared cost per flatall-in — land + construction
₹1,912/sq ftof built-up area₹20,581/sq m
29%of the cost is land₹1,491/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

Mangaluru Urban Development Authority

Urban Development Authority
approved 4 Sep 2023 · 2 yrs ago
Building Permit no. A4/BA22/2023-24Survey no. 38/a2c1 & 38/a2c2

The promised possession date (1 Sep 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 A4/BA22/2023-24 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.