HORIZONMarkets
01

Complete project overview

GujRERA · Registration filing
Units
124 units
Mix
124 × Residential
Carpet area
188–247 sq mper-unit range, as filed
Blocks
3
Parking
7 spaces
Land area
11,242 sq m

Timeline

Project startedMay 2018
RERA registeredJul 2018
Proposed completionSep 2024
TodayJul 2026
Construction progress

85% overall, as filed

Overall % complete as filed with GujRERA, taken as the slowest of the project's blocks — a snapshot, not a live tracker. Where a BU permission is on record (section 04), that is the firmer completion signal.

Find your flat

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

124 units across 1 batch
TypeArea sq mCount
Residential226124

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

GujRERA · Promoter registration

HITESHKUMAR FALDU ( PROP. OF THE GRAND PALACE )

Individual/PropritorshipPromoter type
Rajkot, GujaratBased in
1Projects
1City
2018–2024Active
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

GujRERA · Registration filing
Taluka
Rajkot
District
Rajkot
Pincode
360005
Address
THE GRAND PALACE, 2ND NEW 150 FT. RING ROAD,NR. SPEEDWEL PARTY PLOT, RAJKOT
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 2.4km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 2.7 km · FlyoverPrimary road 1.9 km · Rajkot RoadRailway line 4.4 km · Rajkot–SomnathRailway station 4.5km away (Bhaktinagar)Limited bus connectivity nearby
Water & environment
River 2.3 kmWater body 2.8 km · Water Tank
distances only — not a flood assessment
Land, title & encumbrance
MortgageLoan outstanding · ₹6.15 Cr outstanding
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

₹64.73 Cr declared to build 124 flats. What that works out to:

₹48.00 Lakh – ₹63.00 Lakhdeclared unit pricerange on the filing — not a live asking price
₹52.20 Lakhdeclared cost per flatall-in — land + construction
₹2,145/sq ftof carpet area₹23,093/sq m
12%of the cost is land₹653/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

GujRERA · Approved building plan

Rajkot Municipal Corporation

Municipal / Corporation
Building Permitapproved 7 Jul 2018 · 8 yrs ago

The promised possession date (29 Sep 2024) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

Building-Use (BU) permission — the occupancy sign-off, on record

All 3 blocks carry a Building-Use (BU) permission (latest 18 Mar 2024)— Gujarat’s legal-to-occupy sign-off, and the completion proof most RERA records simply don’t carry. Still confirm the BU covers your specific unit before you rely on it.

The approving body, at scale

Rajkot Municipal Corporation

Municipal Corporation

Has approved 1,120 RERA projectsabout 1 in 15 in Gujarat.

an apartments market99% apartments · 1% plotted layouts. Apartments like yours are this body's core business.

Builders
910
On record
83,645 flats · 1,612 plots
Reach
2 talukas
Since
2011

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.

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.
  • Complaints — GujRERA does not publish a complaints register. This read cannot speak to them either way.