HORIZONMarkets
01

Complete project overview

RERA Andhra Pradesh · Registration filing
Units
15 flats
Unit mix
15 × 2BHK
Carpet area
46–57 sq m
Floors
5
Land area
382 sq m
Built-up area
1,205 sq m

Timeline

Project startedSep 2019
RERA approvedSep 2020
Proposed completionSep 2022
TodayJul 2026

Find your flat

Every flat the builder registered, with the carpet area they filed. Look yours up and check it against what you were shown.

UnitTypeCarpet sq mBalcony sq mOuter wall sq mCommon sq mTotal sq mParking sq m
1011st · VISWAM RESIDENCY2BHK45.881.4231.6678.965.57
1021st · VISWAM RESIDENCY2BHK45.7421.421.5010.3078.965.57
1031st · VISWAM RESIDENCY2BHK56.931.8529.4788.255.57
2012nd · VISWAM RESIDENCY2BHK45.881.4231.6678.965.57
2022nd · VISWAM RESIDENCY2BHK45.7421.421.5010.3078.965.57
2032nd · VISWAM RESIDENCY2BHK56.931.8529.4788.255.57
3013rd · VISWAM RESIDENCY2BHK45.881.4231.6678.965.57
3023rd · VISWAM RESIDENCY2BHK45.7421.421.5010.3078.965.57
3033rd · VISWAM RESIDENCY2BHK56.931.8529.4788.255.57
4014th · VISWAM RESIDENCY2BHK45.881.4231.6678.965.57
4024th · VISWAM RESIDENCY2BHK45.7421.421.5010.3078.965.57
4034th · VISWAM RESIDENCY2BHK56.931.8529.4788.255.57
5015th · VISWAM RESIDENCY2BHK45.881.4231.6678.965.57
5025th · VISWAM RESIDENCY2BHK45.7421.421.5010.3078.965.57
5035th · VISWAM RESIDENCY2BHK56.931.8529.4788.255.57

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. Carpet area is the legally meaningful number — not the super built-up figure a brochure quotes.

02

Builder’s track record

RERA Andhra Pradesh · Promoter registration

SRI VAIBHAV CONSTRUCTIONS

Partnership/LLP FirmPromoter type
VisakhapatnamBased in
1Projects
1City
2020–2022Active
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 Andhra Pradesh · Registration filing
Village
Chinamushidivada
Mandal
Pendurthi
District
Visakhapatnam
Pincode
530051
What’s nearby
SchoolsNearest school 1.1km away
HealthcareHospital 1.0km away · 1 clinic within 1km
LifestyleNo parks within 2km · Gym or sports centre 980m away
ShoppingSupermarket 1.0km away
Getting around
Expressway 3.7 km · Visakhapatnam BypassPrimary road 1.0 km · Vishakapatnam - Srungavarapukota - Araku RoadRailway line 2.7 kmRailway station 3.1km away (Pendurthi)Limited bus connectivity nearby
Water & environment
Water body 792 m
distances only — not a flood assessment
Government land classification

No residential (House Sites) class on record. The state classes this village’s land as Agricultural Land fit for H.S.. If it’s sold as residential plots, verify the layout’s conversion / approval.

AP Registration & Stamps
Declared external development
Roads0%
Water supply0%
Sewage0%
Electricity0%
Solid waste0%
Fire safety0%
Water0%
Emergency exits0%
Renewable energy0%
% complete as filed at registration — no progress updates are published, so this is a starting-line snapshot.
Price analysisdeclared build cost — not a sale price

₹2.34 Cr declared to build 15 flats. What that works out to:

₹15.63 Lakhdeclared cost per flatall-in — land + construction
₹1,808/sq ftof built-up area₹19,459/sq m
20%of the cost is land₹1,154/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.

Government guidance value
₹40,000/sq ydresidential

₹47,840/sq m · effective Feb 2025 · locality range ₹30,000–₹40,000

The state’s minimum value for this locality’s land, set for stamp duty — a floor, not a market price. Source: AP Registration & Stamps.

04

Planning authority

RERA Andhra Pradesh · Approved building plan

Director, Town and Country Planning

Town & Country Planning (DTCP) · GVMC, VISAKHAPATNAM
approved 23 Sep 2019 · 6 yrs ago
Building Permit no. 1086/2399/B/Z6/CDA/2019Survey no. 182/2

The promised possession date (23 Sep 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.

Verify it yourself — look up plan 1086/2399/B/Z6/CDA/2019 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the sanction.

The approving body, at scale

Visakhapatnam

Municipal Corporation

Has approved 1,344 RERA projectsabout 1 in 5 in Andhra Pradesh, more than any other body in the state.

an apartments market87% apartments · 13% plotted layouts. Apartments like yours are this body's core business.

Builders
840
On record
39,785 flats · 20,512 plots
Reach
27 mandals
Since
2009

More apartment-heavy than Andhra Pradesh overall — 87% apartments here vs 74% 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.

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.
  • Construction progress — RERA Andhra Pradesh does not publish quarterly progress reports. How far along it actually is cannot be read here.
  • Complaints — RERA Andhra Pradesh does not publish a complaints register. This read cannot speak to them either way.
  • Escrow — RERA Andhra Pradesh does not publish escrow declarations. Whether buyer money is ring-fenced cannot be read here.