HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Towers
2
Land area
2,550 sq m
FAR sanctioned
61.29
Covered area
1,478 sq m
Open area
1,072 sq m
Garage area
2,037 sq m

Timeline

Project startedFeb 2016
RERA registeredDec 2017
Proposed completionDec 2019
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

SUNSHINE ROYAL DEVELOPERS PRIVATE LIMITED

Mumbai CityBased in
1Projects
1City
2017–2019Active
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
575002
Address
VARSHA COMPLEX, THADAMBAIL
What’s nearby
SchoolsNearest school 1.2km away · College or university 958m away
HealthcareHospital 936m away · Clinic within 2km · Pharmacy within 1km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km · Mall 1.4km away · Convenience store within 1km
Getting around
Expressway 891 m · Mangaluru-Kasargod HighwayPrimary road 1.3 km · Father Muller RoadRailway line 335 mRailway station 1.8km away (Mangaluru Central)Bus stop within 1km
Price analysisdeclared build cost — not a sale price

₹18.00 Cr declared. What that works out to:

22%of the cost is 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
Building Permit

The promised possession date (31 Dec 2019) 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

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

7 complaints on RERA Karnataka’s register for this project 14 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.