HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Towers
8
Land area
22,067 sq m
FAR sanctioned
88451.2
Covered area
6,236 sq m
Open area
15,831 sq m

Timeline

Project startedFeb 2016
RERA registeredOct 2017
Proposed completionDec 2023
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

Ozone Elegant Developers LLP

Bengaluru UrbanBased in
1Projects
1City
2017–2023Active
Timelineevery project, start → promised completion
WF48

WF48

this project
Residential/Group Housing
Feb 2016started
Dec 2023target completion
₹468.00 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
Bengaluru East
District
Bengaluru Urban
Address
Sy no. 61/1, 61/2, & 61/3, Mahadevpura Village, KR Puram Hobli, Bangalore East Taluk
What’s nearby
SchoolsNearest school 1.0km away
HealthcareHospital 915m away · 1 clinic within 1km
LifestylePark 1.1km away · Gym or sports centre 1.1km away · 7 restaurants and cafes within 1km
ShoppingSupermarket 808m away
Getting around
Expressway 2.0 km · Dabaspete - Hosur HighwayPrimary road 709 m · Whitefield - Hoskote RoadRailway line 1.2 kmRailway station 1.1km away (Whitefield)Bus stop within 1km
Water & environment
Water body 335 mRiver 960 m · Dakshina Pinakini
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹468.00 Cr declared. What that works out to:

20%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

BBMP - Bruhat Bengaluru Mahanagara Palike

Municipal / Corporation
Building Permit

The promised possession date (31 Dec 2023) 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

BBMP

Municipal Corporation · Bruhat Bengaluru Mahanagara Palike

Has approved 2,111 RERA projects — about 1 in 4 in Karnataka, more than any other body in the state.

an apartments market — 100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.

Builders
1,619
On record
1,14,417 flats · 373 plots
Reach
9 taluks
Since
2017

More apartment-heavy than Karnataka overall — 100% 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

25 complaints on RERA Karnataka’s register for this project — 18 disposed, 7 still open.

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.