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February 20, 2006

How to buy an apartment in Bangalore.

Filed under: Opinions — Manish Bansal @ 6:56 am

Even though this post is specific to Bangalore, the general principles should apply everywhere. I have not included everything related to buying an apartment here like location, security etc. Just those things which are not so obvious to new house-hunters.

Size: Do not buy a smaller unit thinking that you can always buy a bigger one later. Banish the thought forever. If you can’t afford a bigger house now, you won’t be able to do so after 5 years either. Property rates are doubling every two years whereas the salary is not. And once you get settled in a house, it is almost impossible to shift.
Looking ahead 10 years, you’d have kids who would need a room of their own. Your parents might come to stay with you. You might acquire a ton of household stuff which you’d have to put somewhere. So buy the biggest house you can afford. Look for one with atleast 3 bedrooms with a total area of about 2000 sqft. It might pinch a little now but will sure come in handy later.

Built-up area: The area of the apartment quoted by the builder is called super built-up area. This is the area for which you are paying the money. This super built-up area includes the area reserved for corridors, playgrounds, gardens and lift etc. The area in which you actually get to live in is called built-up area which is typically 80% of super built-up area. So if you are buying a 2000 sqft apartment, you get only 1600 sqft out of that. Some builders claim to give 85% but that is the limit.

Loan: This is the one thing that causes most anxiety to new homebuyers. There are many things to be taken care of while taking a loan.

  1. Pre-EMI: In a typical payment schedule, the bank releases a part of loan, say 10%, at each stage of construction. By the time you take possession, the bank would have paid the entire loan amount to the builder. If the construction takes 18 months, you have to pay the interest for 18 months on the money the bank has released. As and when the bank releases money, the amount on which you have to pay interest goes up. This interest amount is called Pre-EMI.
    The alternative to Pre-EMI is to ask the bank to release the full loan to the builder in the beginning itself. Then you can start paying full EMIs to the bank instead of paying Pre-EMIs. Even though paying full EMIs sounds bad when you can get away with paying much less Pre-EMIs, it is actually better and will save you as much as 5 lakhs!
    When you pay full money to the builder up-front, you get a discount of 4-5%. This works out to be 1.5-2 lakhs, depending upon the cost of the apartment.
    The Pre-EMIs that you pay do not count towards your loan. I.e. they do not bring your loan down. You are just paying a convenience fee to the bank. Most people go for this option ’cause they can’t pay full EMI and the rent at the same time.
  2. Interest rate: You can go for either fixed or floating rate of interest. Floating rates generally change every quarter but it is up to the bank. Fixed rates are of two types – fixed for a term and fixed for full tenure. The fixed term is typically 3 years after which there is a revision to the rate, depending on the market condition at that time. There are very few banks which offer fixed rate for full tenure. ICICI is one such bank. Some banks like Kotak offer loan with interest rate linked to the Fixed Deposit rate.
    You can change your loan from fixed to floating rate later and vice-versa but banks typically charge 0.5% of outstanding principle amount for this. There is one hidden cost though here. Your interest and principle components for EMI would be calculated again and you might end up paying more.
    As of Feb 2006, the floating rate is 7.75%, three year fixed is 8.25%, and fixed for full tenure is 8.75%.
  3. Pre-closure: Most loans last for about 6-7 years even though they were originally taken for 15-20 years. If you get some extra money and want to close off your loan, banks typically charge you 2% of the remaining loan amount. Some banks do not allow you to do this at all. In ICICI, you don’t have to pay any penalty for this if you leave 12 EMIs.
    Also check if you can pay more than your EMI once in a while. Banks typically allow you to make excess payments once in a quarter or once in 6 months.
  4. Insurance: Banks typically fund up to 85% of the apartment cost. Some banks fund up to 90% if you take loan insurance but 90% is the upper limit. The loan insurance premium is typically 8-10k per year. It covers things like disability, unemployment, death, or loss of property due to fire and theft etc. Unlike life insurance, you won’t get anything back at the end of coverage term. You might be better off taking simple life insurance if you are not concerned about job security etc.
  5. Tax exemption: You get tax benefits on pre-EMI and EMI only in the year in which you are taking possession. See more details here.
  6. Loan disbursement: All the builders have home loan tie-ups with various banks and they also have loan agents who deal with those particular banks. After your loan has been sanctioned, it takes a lot of co-ordination between the builder and the bank to disburse the money. All this becomes much easier if you take the loan through these builder appointed agents.

Cost: Like there is an ex-showroom price for cars, apartments have an ex-builder price (I just made up that term). A typical price of, say, 2000/- per sqft quoted by the builder does not include charges for Water supply, Electricity, Car parking, Service tax, VAT, Registration, and legal expenses etc. You won’t get any wardrobes or kitchen shelves either. Add 30% of the base cost for these things (total cost now = 2600/-). The builder should be able to tell you exactly how much would these things cost. Your loan eligibility is calculated on the sum total of all the above costs.

Premiums: Some builders, or rather all of them, ask for a premium for corner units or upper floors. In other cities, lower level floors cost more than the higher ones but in Bangalore it’s the other way around. This premium rate is typically 20/- to 50/- per sqft per floor. There is no problem in paying it except that it is not shown in any of the documents. Your house would still be registered at a rate of 2000/- only. See if your builder can waive it off or reduce it; most do.

Amenities: All the apartment complexes are advertised to have a club house, swimming pool, gym, garden, and playground etc. It would be a shame to call that pit a swimming pool but the point here is that you are made to pay for these things. If you are going to buy a house in one of these projects, there is nothing you can do to avoid paying for them. But what you can do is to buy a house in a much smaller apartment complex. These complexes typically have only 12-20 units and don’t have any of the above “luxuries”. You can see these kind of complexes everywhere in residential areas like Koramangala. The prices are about same as big complexes but then you get to live in the city and in a much better locality.

Salespeople: Do NOT trust the marketing executives who take you to the site and give you a tour. They would promise anything just to sell you the damn apartment. Always call up the customer care department and verify it with them. Better still, go to their office and have a look at the papers yourself.

When to buy: This one is simple. Buy it as soon as possible. Buy it now. Don’t worry about leaving Bangalore and going back to your hometown. you can always sell it later. And at a profit too. The best time to buy an apartment is during the pre-launch offer. These offers run for about 2 months and the rates are up to 200/- per sqft lower. As soon as the builder gets the plans approved from the govt authorities (and the project is officially launched), the rates shoot up (and keep on shooting up). The number of units on offer during pre-launch is very less though.
Another thing to note is that builders do not release (put up for sale) all the units once they launch the project. They keep some units for selling them later at a higher price.

Links:

  1. BDA Sites – A highly useful and relevant discussion group on MSN. Do not trust everything you read there though.
  2. Official website of BDA
  3. Official website of BMRDA
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4,065 Comments »

  1. I definately agree that we should buy a house..a bigger one…rather than thinking that ‘we will buy a biffer one later” …that never happens. Thats exactly what I did. Thanks to all the various types of loans avaliable , property prizes are just going higher and higher by the day.

    Comment by Anamika — February 21, 2006 @ 6:55 am | Reply

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        Comment by irshad — March 26, 2016 @ 5:00 pm | Reply

  2. Good advice!! 🙂

    Comment by Amit — February 28, 2006 @ 8:58 am | Reply

  3. Good piece of advice. Very informative.

    Comment by Sundar — March 24, 2006 @ 2:07 pm | Reply

  4. Dear Sir,

    Actually i need a favour about VAT and Service Tax which is a burden for a customer
    I bought a flat at a total cost of 1228500 , I have paid pre EMI till now , I haven’t taken possesion since it si still in finishing stage, recently as u r aware about VAt & service tax where customer takes the burden,

    When I bought there was no VAt & service TAX in the month of April’2005

    Actually builder is showing wrong calculation ,

    First they should minus my Pre-EMI from the total cost then they should calculate on 70% of the flat as u know 30% should be deducted as a Land cost, so only construction cost ie 70% he as to calculate .

    I paid PRE EMI till now Rs 53,500/- till date ie as of May 18′2006 inspite of final disbursement from Housing finance.

    If u could help me out for this amount how much VAT should be put and How much the Service TAX , what is each % ie is it VAT 4 % and SErvice tax 10.25% or less than

    I need one more favour pls show step by step calculation

    I will be really thankful to u if u could solve this to me.

    Pls help me by showing step by step calculation.

    thanks regards
    ram

    Comment by ram — May 18, 2006 @ 11:33 am | Reply

  5. Hi Ram, The amount of VAT and service tax has nothing to do with how much Pre-EMI you have paid till date. It is purely on the basis of your sale deed. In your sale deed, the builder would have shown the breakup of land cost and construction cost. In fact, you would have signed two sale deeds, one for the land and one for the construction. So the VAT and service tax would be a % of that amount.
    Your Pre-EMI is just the interest that you pay to the bank. Your builder has got nothing to do with it.

    Comment by manishbansal — May 18, 2006 @ 12:37 pm | Reply

  6. Terrific insight !!! truly impressive…

    Anupam

    Comment by Anupam — May 22, 2006 @ 6:30 am | Reply

  7. Greetings,

    I couldn’t find this piece of information on the net.
    Here is my situation:
    I am planning to buy an apartment in the JP nagar area which is a pre-owned apartment(2.5yrs old) so that will make me the 3rd owner of the house.
    The owner of the house is quoting 35 lacs for the house which I find it as reasonably competetive. Now am assuming there will be some reg’ fee on top of the 35 figure. Now I am confused about a “VAT Fee” on top of the reg’ fee.
    So what is this “VAT” fee doing in second sales and how much is this going to cost me if at all.

    Regards,
    Anupam

    Comment by Anupam — May 22, 2006 @ 7:07 am | Reply

    • Dear Mr. Anupam

      There is no VAT Fee for transfer of apartment. Your case does not attract any VAT feet.

      You need to pay stamp duty and registration charges only.

      Regards

      Comment by Vivek — May 24, 2010 @ 12:49 pm | Reply

  8. Hi Anupam, Whenever you go for a plot/flat registration, you have to pay VAT and Service Tax in addition to the registration fee. This is as per govt rules and from what I know, it applies in case of pre-owned apartments also.
    The current rate of VAT and Service Tax combined is 12.5%. So if your apartment costs 35L, you’ll have to pay about 4.5L extra. I think Service Tax has gone up by about 2 points recently.

    Comment by manishbansal — May 22, 2006 @ 7:46 am | Reply

  9. All,
    I have taken a 3BHK of TSBA of 1850 Sq ft in Koramangala 3rd block. Now this was a huge investment for me, but keeping my mind long term goals and budgets, I went ahead to take this up in a good locality.

    Coming to the point of Loans which I do want to share as below:

    1) category-1 Banks – Mostly private banks- Loans with not many features, hidden costs in pre-closure, monthly-reducing balance, no flexible EMI options and regular interest rate fluctuations with no prior notice. Now this is not the banks you should mess with.
    2) category-2 Banks – Private & Public – Good features and Felixble options like pre-closure, flexible EMI, daily-reducing balance etc. but keep an eye on the hidden costs. A good option, but dont miss out approaching the category-3 banks.
    3) category-3 Banks – Public + few private – Transparent transactions, good features like pre-closure, flexible EMI, daily-reducing balance and something very unique like the Loan that acts as a OverDraft account which allows you to deposit surplus amounts to this loan account that reduces the Principle Outstanding thereby reducing the Interest paid on a long run. Now this account allows you to withdraw the surplus at a later stage in cases of emergency as well. Now I find this very useful as one can deposit any amount any times a year. For example, for a loan of 50 lacks, one would normally pay back to the bank an interest of 50 lacks over 20 years. By using this feature, a excess deposit of say 1 lack a year will reduce the interest paid to the bank to 25 lacks and time to 14 years.

    I would strongly recommend to go to the Category-3 banks – I went with SBI, which gave me a good home loan covering registration costs, cost for interiors, etc with Insurance covered.
    HSBC, SCB also has this feature called Home Saver, keep an eye on the hidden costs.

    good luck,
    sridhar

    Comment by Sridhar — June 6, 2006 @ 5:38 am | Reply

  10. Nice writeup Sridhar! It cannot be stressed enough how important it is to be able to make excess payments towards your loan. In fact, most of the loans get closed in just 5-6 years because of excess payments.
    How do we find out which category a bank belongs to?

    Comment by manishbansal — June 6, 2006 @ 6:50 am | Reply

  11. Asking the builder % VAT and Service TAX is like asking Barber if you need a hiarcut.
    Guys can some one formulate the exactly how VAT and service TAX has been calculated.?

    The formual i was give as
    C = Cost of the flat
    P = Parking
    A = Animites

    VAT = (C+P+A)*(0.7 * 12.5) = X

    Service TAX = ((C+P+A)+ X) *(0.33 *10.2) = X1

    X+ X1 is total tax

    is this correct?

    Comment by Pushkar — July 13, 2006 @ 8:53 am | Reply

  12. ONE MORE POINT TO NOTE WHILE BUYING APARTMENT:

    Make sure there is no deviation in the sanction plan as most of the developers have more than 100% deviation Clarify the same lawyers).
    It could be major problem in future as rules are getting strict(demolitions in kormanagla is an EX).

    DO NOT COMMIT UNTILL YOU VERIFY THEIR SANCTION PLAN.

    Comment by Mahantesh — July 13, 2006 @ 12:49 pm | Reply

  13. Hi,
    It was informative ..
    I have the following query..
    I am planning to buy a 20 year flat in Malleswaram, Bangalore…
    Is it worth investing in a 20 year old flat..
    generally what is the life span of a flat..

    -sreeni

    Comment by Sreeni — July 16, 2006 @ 10:13 am | Reply

  14. Hi Sreeni, I don’t think you should go for anything older than 10 years. You would end up spending more on the maintenance. E.g. – The water pipes would have rusted from inside, the structure (bricks, cement) etc becomes brittle, paint won’t hold on to the walls, seepage problems etc.
    But if the flat has been maintained well and the construction quality is good, then you can surely go for it.

    Comment by manishbansal — July 16, 2006 @ 12:53 pm | Reply

  15. Thanks manishbansal..

    -sreeni

    Comment by sreeni — July 23, 2006 @ 12:31 pm | Reply

  16. I am planning on investing on a flat on Sarjapura road – builder is asking 35,laks plus 3 for registration for a 3 bedroom. Does that sound reasonable?? Is the regn fee that high???

    Any input would be appreciated Thanks.
    Elmo

    Comment by ELMO — July 24, 2006 @ 11:57 am | Reply

  17. Hi Elmo, it doesn’t matter what the total cost of the flat is. What matters is what is the price per square foot. A typical price in bangalore nowadays is 2000/- per sqft. Add about 25% of that cost as registration fee, BWSSB, electricity etc and you’ll get your total cost.

    Comment by manishbansal — July 24, 2006 @ 1:05 pm | Reply

  18. This really looks like an article to promote real estate in BANGALORE.

    manishbansal, Do you work for any apartment builder?

    IV

    Comment by IV — July 24, 2006 @ 8:58 pm | Reply

  19. No Sir! I do not work for an apartment builder. I am just a software engineer who thought of sharing his experiences with others. BTW, what makes you think I am “promoting” real estate?

    Comment by manishbansal — July 25, 2006 @ 3:31 am | Reply

    • hi manishbhai,
      u have any idea about stargold builders.. iam planing to buy from them near hebbal are.. pls reply
      regards- sumesh

      Comment by sumesh — June 18, 2011 @ 2:48 pm | Reply

  20. excellent write up.
    covered all points.

    Comment by Jatin — July 25, 2006 @ 10:59 am | Reply

  21. Hi,

    The formual i was give as
    C = Cost of the flat
    P = Parking
    A = Animites

    VAT = (C+P+A)*(0.7 * 12.5) = X

    Service TAX = ((C+P+A)+ X) *(0.33 *10.2) = X1

    was just going thr the comments here and found this formula for Service tax and VAT.And to my surprise this is the same what my builder is asking me to pay.
    I dont c any comments reagrding the same.
    Can anyone brief me if this formula is correct or not?

    Comment by Manoj Nair — July 31, 2006 @ 8:19 am | Reply

  22. Excellent writeup !!! Cleared up lots of things in mind.

    Comment by Balaji — August 4, 2006 @ 6:55 pm | Reply

  23. Hi Manish,
    I have two questions.
    My question is why are people buying flats in such a rampant pace sonsidering the fact that flat values will depriciate?
    One more question is should I go for investing in a flat with a not so big builder or should I go with a very big builder paying some extra like 10 lakhs for the brand. Both these are just located in the outer ring road in marathahalli.

    Comment by Tapas — August 14, 2006 @ 8:42 am | Reply

  24. Hi,

    I booked a flat near Kanakpura road (Sobha builders) last year for about 1900/sq ft, as an investment. At that time, the area looked mostly undeveloped and hilly, but had a highway (BMIC, I think) coming up close to it.

    They have started building now and plan to complete by 2008. But with the increasing loan rates and slowing real estate scene, I am not sure anymore if it is a good idea to continue.

    Any opinions?

    Comment by Lakshmi — August 14, 2006 @ 10:50 am | Reply

  25. Hi Lakshmi,
    I am in the same situation as you are. Even though I did not buy the flat for investment, the increasing interest rates are making me rethink. So what I am planning to do is to wait till the construction is over and the flat is ready for registration. If the interest rates are still high and if I get a good price for my flat, I’d sell it. The idea is to sell the flat BEFORE you move in. It would be still be counted as new. More over, if you sell the flat before registration, the builder himself would find a buyer for you (he might charge approx 50/- per sqft as fee). So just keep paying (Pre) EMIs till that time and hope for the best.

    Comment by manishbansal — August 15, 2006 @ 11:06 am | Reply

  26. Hi Tapas,
    Big brand names do not necessarily mean higher resale value. What matters more is the location and the construction quality. So look at these two factors and then decide. As to why people are buying flats at such a high rate, you have to answer that one. After all, you yourself are buying one too.

    Comment by manishbansal — August 15, 2006 @ 11:09 am | Reply

  27. We are planning to buy an apt with almost 60% deviation from santioned plan. But all of this deviation is horizontal (NOT vertical). Is it a problem to have so much deviation in the long term. How does it impact the resale etc..

    Comment by Anonymous — August 23, 2006 @ 12:16 pm | Reply

  28. I am not sure about the resale value but a deviation from the sanctioned plan would give you a lot of trouble as it is. If your construction is not according to the sanctioned plan, it would be really difficult to get electricity and water connections. And with all those demolition drives and what not, it’s better to stay away from such things.

    Comment by manishbansal — August 23, 2006 @ 1:50 pm | Reply

  29. Excellent forum to comment and ask doubts. This is what I was looking for…

    Here is my doubt. Any sort of advice is really appritiated. I have brought an apartment on ORR and now its the time to register it. I have two options
    1) At market rate Rs.1000/sq.ft
    2) Actual rate Rs. 2000/ sq ft.

    It seems to avoid any future notices abt under valuation from carporation and paying penatiesm one should register it on actuals. So in that case if
    Basic cost of the flat + car park = X
    and Y are the other charges for water , electricity + VAT + service tax + aminities.
    Should registration be 8.4% of X or (X+Y) ? Please let me know as I am totally confused.

    thanks in advance.
    Sachin.

    Comment by Sachin — August 31, 2006 @ 8:57 am | Reply

  30. I am pasting somebody’s query on Registration and VAT calculation and corresponding answer, which can be helpful for some people:-

    Question : – I booked a flat in Bangalore for which the construction is going on and it will take another 4-5 months for the construction to get over. The calculation for registration goes like this:

    Registration filtered = (Total area of the flat in sq. ft. multiplied by Government guidance value + cost of car parking area) multiplied by 9.5.

    Service Tax = (Total square feet of the flat multiplied by market value of the flat + car parking area’s cost + amenities) multiplied by 4.04.

    VAT = (Total sq. ft. of the flat multiplied by market value of the flat + car parking area’s cost + amenities cost) + Service Tax multiplied by 4.

    The cost used for registration is the government guidance value in the particular location whereas the cost used for service tax and VAT is the actual market value of the flat per sq. ft i.e. the cost I am paying for each sq. ft.

    My question is

    1) If the guidance value is used for registration then is it not the same guidance value used for calculating service tax and VAT? When this is done, I would end up paying more money if the actual cost is based on the market value.

    2) I heard from a different builder that VAT for construction is 12.5 per cent on the 70 per cent of the construction cost (calculated based on guidance value) + car parking cost + amenities cost and the 10.5 per cent of it is the service tax. Why is there a difference in percentage and method of calculation between different builders?

    What is the actual procedure for these calculations?

    Answer:
    It is evident from your question that the total amount payable by you for the apartment includes the price payable for the undivided share of land pertaining to your apartment and the price payable for construction cost including car parking and amenities.

    We wish to state as follows:

    1. The guideline value used for registration of properties has no relevance for the calculation of VAT or service tax, as the charge of service tax or VAT is based on the amount charged by the builder for construction of the flat (excluding land cost).

    2. Under the VAT law, a dealer (builder) can opt for the composition scheme where the VAT rate is four per cent and in such a case the dealer is not allowed to collect any VAT separately from his customers. Alternatively, the dealer may opt for the regular VAT scheme where the VAT rate is 12.5 per cent of 70 per cent of the total construction cost (which works out to effectively 8.75 per cent of the total construction cost), which can be collected from you.

    3. Under the Service Tax law, the service provider (i.e. the builder in your case) has to charge 12.24 per cent of the construction cost of your apartment after reducing the cost of materials incurred for construction of your apartment, in case your builder proposes to avail the benefit for exemption on cost of materials under Notification No.12/2003-ST dated 20-06-2003.

    However, in case your builder is not able to identify and distinguish between the cost of material and cost of labour incurred on your apartment, then he can avail the exemption to the extent of 67 per cent of the total construction cost of your apartment and pay 12.24 per cent towards service tax on 33 per cent of the total construction cost of your apartment.

    This works out to 4.04 per cent of the total construction cost of your apartment, as per the Notification No. 18/2005 dated 07/06/2005.

    Comment by Amar — September 1, 2006 @ 6:56 am | Reply

  31. Thanks Amar! This is really useful information. VAT and service tax calculations are very confusing with different builders using different methods to calculate them. This write-up of yours will be of great help to many people.

    Comment by manishbansal — September 1, 2006 @ 7:07 am | Reply

  32. Hi,

    Whats Floor Space Index (FSI) in Bangalore. I ask this
    as I find most apartments in bangalore (even 30L ones)
    occupy whole land, there’s absolutely no space btween
    flats for air & sun light. Its fine for 30×40 2 storey
    building but not when you are building a 4 storey
    building. Staying on ground floor in such a building
    is like staying in a Cave.

    Dilip

    Comment by Dilip — September 5, 2006 @ 6:17 am | Reply

  33. For those who don’t know – FSI is the ratio of total floor area of a building to the total plot area. Also called Floor Area Ratio (FAR).

    Dilip,
    The FSI in Bangalore varies from 0.75 to 2.5, in a very weird way. It is lower in the center of the city and higher in the suburbs! This is totally contrary to the rest of the world. Eg. in New York, the FSI for city center is 15 while that for suburbs is 0.5, a ration of 30. Now you know why we have such massive jams on Hosur road.
    Your point about flats being close to each other applies for those buildings which fall within the city limits. There are plenty of them in Koramangala where I live.

    Comment by manishbansal — September 5, 2006 @ 7:02 am | Reply

  34. If you are worried about apartments being too close to each other in Bangalore, try to guess the FSI of these buildings.
    http://www.photomichaelwolf.com/hongkongarchitecture/

    Comment by manishbansal — September 5, 2006 @ 8:07 am | Reply

  35. Is it the best time to buy an appartment in kanakpura road near BMIC?
    Any suggestions as to which ones to look at?

    Comment by Monika — September 12, 2006 @ 7:33 am | Reply

  36. I do not know much about Kanakpura road to give you any specific advice. Just follow the general principles and take a decision.

    Comment by manishbansal — September 12, 2006 @ 8:25 am | Reply

  37. This was a good piece of advice that i have got. Can somebody here tell me, how does and how much do banks offer loans for varoius salary range people. And how to pay them back with tax saving.

    Comment by Shashiraja Shastry — September 15, 2006 @ 4:36 pm | Reply

  38. i have signed joint venture agreement with one of the plt owner of bapu sahapaliya, kalyannagar,banaswadi(lane opp to bhagini hotel, so within 1 year i will be completing construction of 3 floor apartment with one wing
    so my question to you is what rate i should keep in this area, if in this area builders like sai kingsdale and sethnagroup who are building big complexes have kept 2500 to 3000 sq.ft.and are provide amenities
    my plot area – 4000 sqft.(no amenities)
    pleez give genuine comment

    Comment by himesh — September 15, 2006 @ 4:54 pm | Reply

  39. Hi,
    I am planning to purchase a house at BSK 3rd stage. Can anybody answer my below questions?
    1. Is it neccessary to convert a land before purchasing?
    2. what is exactly means acuqiring of land by govt?

    Comment by Yogesh — September 19, 2006 @ 7:43 am | Reply

  40. Yogesh,
    You can’t generally buy a piece of (agricultural) land before conversion. The only situations in which you can buy it before conversion are:
    1. You already own agricultural land
    2. You intend to become a farmer, in which case you’d have to take special permission from the tehsildar and do a lot of paperwork.

    Suppose you buy a piece of agricultural land and you intend to build a house on it. Since govt gives lots of subsidies to farmers on land registration fee, stamp duty, VAT etc, you are not supposed to get all those benefits. DC conversion is the mechanism which ensures that the taxes and duties you pay to the govt are in line with the land utilization purpose (among other things like building by-laws etc).

    Comment by manishbansal — September 20, 2006 @ 9:58 am | Reply

  41. Excellant article! But I am confused still regarding VAT and registration cost.
    I bought a flat on hosur road for 40L. Construction is still going on and will be ready next year. Have to pay 5L for carparking,water and other amenities. It seems VAT+sales tax is another 5L so totals to 50L. What I was told is: registration is another 1.5L. So total cost of the flat is 51.5L. I went ahead and planned my finances accordingly for 51.5L. But now I am geting indication that registration is 12L and not 1.5L (and also based on above discussion) Is it true that total cost will be 62L instead of 51.5? (which I didnot plan for! I would not have bought it if that was true. Since originally started with 40L apt. and ending up with 60L apt.!) Why dont the builders give the complete flat amt when shopping! MAKES ME MAD!!!

    Comment by vinay — September 21, 2006 @ 4:18 pm | Reply

  42. I have received letter from my builder saying the regristration cost for apartment will be going up from 1st Nov onwards. Builder also staed that there may be a rise of 50 to 60% of the registration cost (if it is 1000Rs now, it will be 1500 or 1600Rs after 1st Nov).
    Can anybody tell me if this information it true?

    Comment by Juthika — September 22, 2006 @ 8:17 am | Reply

  43. My builder ‘Concorde group’ have said the same thing! that registration is going up 50-60%. They also said that if we register before nov 1 then we can save that amount. BTW whats the registration cost on 40L apt.? 1800 sqft?

    Thanks

    Comment by vinay — September 22, 2006 @ 1:50 pm | Reply

  44. Hi,
    I have booked a flat in bangalore one week back paying the builder 1lakh for which i got a reciept, and has applied for a loan from UTI Bank. After my loan got approved the bank executive called me asking for an agreement from the builder so the bank can release the amount according to the terms and conditions. The problem started here the builder got the approval only for 908 sqft as a built-up area according to the plan from the government. Now he has done some modifications in the plan so the size got increased from 908 sqft to 1033 sqft and he started demanding for the xtra money which will be a burden for me, I told him the same but he is not in a position to compromise saying that he will give me back what ever the amount paid by me. This happened not only to me he is doing this for my friend also. Can you pls help me in getting this problem solved.

    Comment by Krishna — September 26, 2006 @ 11:07 am | Reply

  45. Krishna, one of my friends was in a somewhat similar situation when his builder delayed the possession by two months. He approached consumuer court with his complaint and got 50K as compensation, next day. You can try this approach though I am not sure how much merit your case will have.

    Comment by manishbansal — September 26, 2006 @ 11:33 am | Reply

  46. Vinay,
    I have also booked my flat with Concorde, in Midway City. Is your flat also located in the same project? I had called them up after getting that mail and they said that the total hike would come out to be about 90K.

    Comment by manishbansal — September 26, 2006 @ 11:39 am | Reply

  47. No mine is located in Hoodi village near Brookefield which was uder village panchayat limits 2 weeks before and has been taken into the city limits recently i.e. some one week back.

    Comment by Krishna — September 26, 2006 @ 12:13 pm | Reply

  48. Hello manishbhansal,
    Great! we are going to be neighbours! I have booked in E Block (same midway city). unless you are doing only for investment.. got clarified that registration cost is currently around 1.3L but after nov 1, 50-70% more, like you mentioned. Are you going to register before nov. 1? to save that amount? I am confused whether “to register or not to register”.
    I was only worried that registration was in range of 10L. Their spreadsheet was misleading.

    Good article! Manish. It can serve has website forum for real estate questions in bangalore!

    Thanks

    Comment by Vinay — September 29, 2006 @ 3:04 pm | Reply

  49. Hi Vinay,
    I am not going to register now. I am planning to shift to Canada so I might sell it within 6 months or so. It’s much easier to sell if you don’t register because then the builder can sell it on your behalf as a new apartment(they take 50/- per sqft as commission). Also, the interest rate is a bit high for second-hand properties.
    Welcome to the neighbourhood!

    Comment by manishbansal — September 29, 2006 @ 3:45 pm | Reply

  50. I donot expect a right answer for this question. Is apartment buying a good idea as an investment? I was somehow cajoled into booking an apartment. Now i will be paying 10% interest on the 50L loan. does the apartment appreciate atleast 15-20% per year? Which means that apartment I bought which is 50L this yr should be 56L next yr and 63L 2 yrs later and maybe 1 crore after 6 years? Which means all 3 bdrm apartments near electronic city which have good amenities should be 1 crore! after 5-6 years? Open for opinions?
    Thanks

    Comment by vinay — October 4, 2006 @ 4:13 pm | Reply

  51. Mindboggling realestate/traffic jam scenario: People are buying sites and leaving it empty thinking it would appreciate. Sure it is appreciating (mine appreciated 4 times in just 5 yrs!) But the fact is nobody is actually building a house and living in it! making no use of the space. So, people who are working in these areas(say around electronic city for eg.) travel 1 hr from different parts of the city causing traffic jams. They cannot buy these artificially inflated pricy sites (not talking about IT people). They prefer to travel more than an hr. Also, transfer of site is costly due to high registration costs(so you tend to manipulate the actual price leading to black money).

    My solution: While registering sites, people need to build a minimum sqfeet house atleast upto the ceiling within 2 yrs of purchase. And keep registrtion fees low at 3% and instead collect more property tax. Next, donot allow more then 3 floors apartments within roughly say 0-3 km diameter, 6 floors within 3-6 km diameter, 10 floors within 6-10 km and so on from city center; Donot allow big malls/mulitplexes inclose proximity to each other. Same with high rise apartments. I guess the BDA/BMRDa officials need to be graduates in ‘city planning’ not just civil engineering.
    Opinions?

    Comment by Vinay — October 6, 2006 @ 7:20 pm | Reply

  52. Hi Manish,

    As far as my search on apartments, i have seen that most of the builders in Bangalore construct the apartment with deviation from the approved plan. But it depends on how much deviation (in %) it is. Some has a deviation of 20-30% and some others upto 80-100%.
    I wanted to know exactly what is the benchmark for the deviations?, OR how much deviation on the plan causes the problem in future.

    What my friends/colleages say is that 1) the total number of flats got approved as per plan should be same what the builder has built. i.e say builder has got approval for 2 flats in 3rd floor, but he has constructed 3 flats in 3rd floor. This will absolutely create problems. The count is got by total number of kitchens in the plan.
    2) He should not deviate more than 100%, i,e if the plan approval is for 1000 sq ft, the apartment SBA should not be more than 2000 sq ft.
    3) The possession certificate should clearly mention the total super built up area.

    regards,
    Prasad

    Comment by Prasad — October 7, 2006 @ 10:54 am | Reply

  53. Hi Prasad,
    Under building by-laws, the maximum amount of deviation allowed is 5%. This deviation latitude is more like a buffer; to be used only under special circumstances. See more here: http://www.hindu.com/2006/08/06/stories/2006080621990400.htm

    Comment by manishbansal — October 7, 2006 @ 1:30 pm | Reply

  54. Hi Manish,

    Interesting entry :).

    From your comment I see that you have booked a flat at Concorde Midway city. Can you please tell me more about the builder?. I am looking to book an apartment at Concorde Manhattan which is located at Electronic City. How are these builders?. Do they complete the buildings anyway near the time they say they would?. How are they ***after*** you book a flat?. What is the quality of their construction?. They claim that their project is BDA approved(have provided an approval number)…how do I verify this?

    Any ideas?

    Thanks in advance,
    Vineeth.

    Comment by Vineeth — October 10, 2006 @ 10:36 am | Reply

  55. Hi Vineeth,
    I have had very positive experiences with Concorde. From what I have seen at Midway City, the work is going on as per the schedule. The construction quality of the model flat was excellent. I hope the actual apartments would also be like that. As with all the builders, do NOT trust the sales people who take you to the site and give you a tour. They would promise anything to sell you the flat. Always call up the customer care and verify it with them.

    Specifically for Manhattan project, this project is going to be really HUGE. It would have approximately 1400 flats, if I remember correctly. It is supposed to be ready in 2 years which is asking a lot. Just plan accordingly. And if you do go to see the site, do give them my reference. They’ve been hounding me for months to give them some leads 🙂

    As for the approval verification, you can go to the BMRDA site (www.bmrda.org) and look it up under ‘Approved Layouts’ list. The list is pretty long so you might have to google it up.

    Comment by manishbansal — October 10, 2006 @ 12:03 pm | Reply

  56. ok..Thanks for the advice…

    The project is for only 780 apmt even for that I am not sure 2 years is enough

    Comment by Vineeth — October 10, 2006 @ 6:38 pm | Reply

  57. I am purchasing an apartment and I got a very good insight about calculating VAT, Service Tax ,Registraion and Stamp Duty from this dicussion. Now I want to know that how Sales Tax will be calculated?
    My Breakup cost is:
    Land Value: 1249500
    Construction Value: 1632500
    Car Parking : 175000
    Other Charges(BWSSB, BESCOM, KHATA, Legal): 150000
    Total : 3207000

    Please do let me know by mail.

    Comment by Mukul — October 11, 2006 @ 12:46 pm | Reply

  58. Hi Manish,
    I am doing some research on old apartments in the city. How are they appreciating? Would like to speak to you in person as I am gathering information for an article for a newspaper. Would you mail me your phone number so I can call you. I am sure your inputs would add weight to my article.
    thanks

    Comment by Shilpa — October 13, 2006 @ 10:07 am | Reply

  59. Is apartment buying a good idea as an investment?

    Comment by Shalu — October 16, 2006 @ 4:52 am | Reply

  60. Hi Shalu,
    Generally no. But that depends on the timeframe you are looking at. Flats do appreciate in value but only up to a certain point. Say the original price is 2000/- per sqft at the time of booking. It might go to 2500/- by the time the construction is over and you register it (2 years). From that point on, the appreciation slows down a bit because it is now a second-hand flat. It might go to 3000/- (5-10 years) if the location is good but that’s generally the limit. After that the wear and tear on the flat bring the value down.
    You are better off with a piece of land if you want to invest in real-estate.

    Comment by manishbansal — October 16, 2006 @ 6:13 am | Reply

  61. hi, i am planning to buy a flat in bsk 3rd stg,
    in the carparking+g+3 floor, he do not have plan sanctioned for our apartment. but he has separate katha, electricity, water connection separatly for each flat, ECS builder is telling all documents is enough no need for plan sanctioned, moreover is telling there wont be any thret of demolition for residential properties, and there ois govt order allowing upto 50 % deviation

    please tell is it safe to buy this flat, what is risk i am taking in buying this flat

    Comment by kumar — October 17, 2006 @ 3:31 pm | Reply

  62. Hi kumar,

    Dont go for payment until he produces the approved plan for each floor. Deviation is secondary depending on whether it is vertical or horizontal deviation. If its vertical deviation, please dont take that risk. I think horizontal deviation of upto 50% or even more is OK unless your apartment is in totally residential area, away from main roads and green belt area. You can take risk.
    But without the sanctioned plan for each floor better not to go for it.
    regards,
    Prasad

    Comment by Prasad — October 18, 2006 @ 6:14 am | Reply

  63. As mentioned in the earlier comment, I bought this flat for 45L plus 5L for VAT/sales tax. Totally coming to 50L. Still construction going on and it will be ready in april of next year. If I want to sell it, Should the new buyer has to pay the VAT/Sales tax again? that is if I sell it for 50L, will the new buyer have to pay 50+5L=55L?

    Thanks

    Comment by vinay — October 20, 2006 @ 1:47 pm | Reply

  64. Hi – I am interested in buying apartments at Concourde Manhattan. Should I trust their prelaunch offer? Do you think the prices will go up on their launch date which is a week from now.

    Appreciate your thoughts. Thanks.

    Comment by Raj — October 21, 2006 @ 6:23 am | Reply

  65. Hi Raj,
    Yes. The prices will definitely go up by atleast 200/- per sqft after launch and will keep on going up. Pre-launch offers are the best deals you are ever going to get on a new apartment.

    Comment by manishbansal — October 21, 2006 @ 7:14 am | Reply

  66. Hi,

    I have booked the flat on sept 2005 in 2200000. I have given VAT as it was included in total cost.

    Now builder is asking to pay 100000 as service tax apart from pending amount.

    I just wanted to know, Is it true that Purchaser will pay the service tax or It’s builder’s responsibility to pay the tax? This huge amount was not discussed by builder when I booked the Flat..

    Please help.

    Thanks
    Asheesh

    Comment by Asheesh — October 30, 2006 @ 11:57 am | Reply

  67. Could you please tell me how is Anjanapura in next 2 -3 years, what is the best rate to buy a flat there.

    Looking forward for your reply.

    Regards,
    Vijay

    Comment by G Vijay Rangan — October 30, 2006 @ 3:30 pm | Reply

  68. Hi Asheesh,
    Builders never pay any of the services taxes or stamp duties or any other fee out of their own pocket. They always pass it on to the buyers. In case they do pay it with their own money, they’d find a way to extract it from you.

    Comment by manishbansal — October 30, 2006 @ 4:29 pm | Reply

  69. Hi Vijay,
    I do not have any knowledge about real-estate situation in Anjanapura. But looking at the market in general, it’s bound to appreciate.

    Comment by manishbansal — October 30, 2006 @ 4:30 pm | Reply

  70. Hi Asheesh,
    If the number of houses in your apartment complex is greater than 12, then you are entitled to pay a service tax of 4.03% over and above your total purchase cost including VAT (which is actually sales tax).

    regards,
    Prasad

    Comment by Prasad — November 3, 2006 @ 10:24 am | Reply

  71. Hi,
    I am Sreeni back with some other queries.
    Earlier I had good suggessions about buying an old flat. Thanks to all.

    This time I have the follow up query on this.
    Assume I find a better price and better locality flat (Malleswaram), but only a 20 year old one.

    Assume I buy it today, and assume the flats life is 50 years (Correct me if I am wrong).
    What are the costs incurred on me when the association decides to reconstruct the flats after demoliting these flats.

    Please explain me if any of you have encountered this kind of situation?

    -Sreeni

    Comment by Sreeni — November 3, 2006 @ 11:56 am | Reply

    • Hi Sreeni,

      It is 5 yrs since your post but I have the same doubts in mind as you posted above. Say i buy a flat 10 yrs old today – costs around 30lak for 3BHK.. what will be the implication 30 years from now ?

      Thanks..
      Apurva

      Comment by Anonymous — September 24, 2011 @ 8:34 pm | Reply

  72. Hello Manish,

    Do you know whether the new buyer have to pay VAT/sales tax? I bought this flat for 45L plus 5L for VAT/sales tax. Totally coming to 50L. Still construction going on and it will be ready in april of next year. If I want to sell it, Should the new buyer has to pay the VAT/Sales tax again? that is if I sell it for 50L, will the new buyer have to pay 50+5L (for sales/VAT tax)=55L?

    Thanks
    vinay

    Comment by vinay — November 3, 2006 @ 2:57 pm | Reply

  73. Good work and great effor…

    Comment by Raj — November 7, 2006 @ 3:28 pm | Reply

  74. Hi Vinay,

    I also have booked in concorde Midway.
    I want to know abt the VAT & Service Tax calculation.Concorde has included maintenance charge also in VAT & service tax calculation.
    Have they done the same with u also

    Sanjeev

    Comment by Sanjeev — November 12, 2006 @ 3:43 am | Reply

  75. Hello Sanjeev,
    You are going to be our neigbour! I am in E block. Manish (this site author) has also booked here.
    They have charged me around 4.5L for car parking + other charges(need to check my files whether it includes maintenance charge!),
    + 4.5L for VAT+sales tax. I guess we have to pay some monthly maintenance charge, I am not sure about that.
    So for a 40L Apt., 10L are other charges!

    vinay

    Comment by Vinay — November 14, 2006 @ 4:51 pm | Reply

  76. The builder has included two years maintenance charge in VAT calculation.I think it shall not be part of that.

    Comment by Sanjeev — November 15, 2006 @ 4:16 am | Reply

  77. I have bought a flat of Rs 25Lacs i.e 1300 sq ft @1700/sqft.
    I am currently in the process of registering the flat and received a draft copy of sale deed.
    The sale deed mentions the guideline value as 850/sqft. Hence the Stamp Duty charges and Registration is calculated on (11Lacs i.e 1300*850).

    Here are my question
    1)Why the guidance value is 850 when I have bought at 1700/sqft?
    2)Is it really required to pay bribe of approx 15000 to sub registrar. I have been asked for the same.

    3)Does registering the flat at lesser amount (i.e guidance value

    Comment by Vikas — November 15, 2006 @ 6:55 am | Reply

    • H Vikas,
      Even I have similar question
      Does registering the flat at lesser amount (i.e guidance value) is right thing to do.
      Can you please share your experience

      Thanks,
      Rajeev

      Comment by Rajeev — January 31, 2010 @ 6:57 pm | Reply

  78. Whatever you do, do not buy Puravankara flats.
    They will not pay you any penalty ( though commited) even after 9 months of delay. Their riviera project was to be over in March. They are completing the work only now and by the time the place is made decently livable it will be atleast 3 more months.

    If you still want to buy Puravankara for the trust you have in them, have a hard penalty clause without any ‘If and But’

    Comment by SRT — November 15, 2006 @ 10:52 am | Reply

  79. Hello Sanjeev and Manish,

    Can you guys share your email id. Mine is duay2@yahoo.com. We can form our own small concorde group customers and share our experiences. Are we going to have a tennis court? In the original map, they had it but it is not listed at the site.

    Thanks

    vinay

    Comment by vinay — November 16, 2006 @ 2:13 pm | Reply

  80. Hi Everyone,
    I am Priya. Me and my wouldbe have booked a flat in Concorde Manhattans project in Electronics City. However, I am having some clarifications regarding that.Is anyone there in this group who have also booked for the same project. If so, please let me know.

    Regards,
    Priya.

    Comment by zealmemory — November 17, 2006 @ 12:18 pm | Reply

    • hi Priya,

      we were thinking about booking an apartment in Concorde Manhattan project and I read that you have already booked in it. How was your experience? and what was time given for completion of the project? do they deliver on time?

      my email id is susanrashid@gmail.com. I would really appreciate any information you could give in this regard.

      Thankyou

      Regards

      Susan

      Comment by Anonymous — July 27, 2009 @ 2:18 pm | Reply

    • Dear Priya,

      We are looking to book an apartment in Concorde Manhattan. Could you please tell us how was your experience with this builder? Have they delivered things on time and are they keeping their promise? Is it possible to negotiate per sq ft price with them? What is the time they said they would give possession of the flat?

      Do reply if you do get time.

      thank you

      Regards

      Susan

      Comment by Susan Rashid — July 27, 2009 @ 2:21 pm | Reply

  81. Hi Friends,

    I am contemplating booking an apartment at ETA Gardens . If there is anyone in this group who’s already done booking here,please do let me know your view/opinion about this project. Appreciate any feedback on the builder in general and the project in specific .

    Cheers

    Manu

    Comment by Manu Vinod — November 17, 2006 @ 5:47 pm | Reply

    • Hi Manu,

      did you book an apartment in ETA star gardens in magadi road? what rate did they offer you? Is it a good investment in this flat considering the location? What will be the approximate rental for a 3 bhk in this apartment?

      Are there any issues you came across with the builders. Will appreciate any information since I am considering an apt here..

      Comment by RI — December 18, 2009 @ 4:59 pm | Reply

  82. Hi,
    Found this blog quite useful as lot of first hand info is provided here. Would like to clarify one thing: My builder is giving me a flat for 25 lacs at Bellandur,junction of SArjapur road and Outer Ring Road. This price includes everything except Registration. What are the registration charges in Bangalore…I think it is between 6-8%. After registration he says I”ve to pay nominal service and VAT..which will be calculated on the registration amount only. So if I pay a registration amount of 1.2 lacs say, then service and VAT will be calculated on that amount.
    From the info given here it seems that service and registration is a substantial cost…but I feel it should not be…any comments??

    Comment by gaurav — November 19, 2006 @ 5:12 am | Reply

  83. Hi Vinay,
    My email ID is bansal98@gmail.com.
    Will need to check up on that tennis court thing but I am not too much bothered about it. All I need is a party hall for occasional gatherings.

    Comment by manishbansal — November 20, 2006 @ 7:41 am | Reply

  84. Hi Gaurav,
    Your builder should be giving you the exact or the approximate figures for all the components. Do ask him for the detailed cost break-up. In fact, he should have given you this break-up at the beginning itself. Just clarify it with him.

    Comment by manishbansal — November 20, 2006 @ 7:44 am | Reply

  85. Hi Guys, We have a group for people who have booked in Concorde Midway City.
    The group is at http://groups.yahoo.com/group/concorde_midwaycity/
    Please join the group.

    Comment by Debasis — November 22, 2006 @ 6:24 am | Reply

  86. hi

    this is a great information place…good to read.

    Does any one know what is the land guidance value for Prestige Shantiniketan in white field.

    Also there was a seperate tax planned as 1% cess which the karnataka govt wanted to use for the benifit of construction workers pension/social security…Any idea on this?

    Comment by Ramesh — November 27, 2006 @ 10:41 am | Reply

  87. hello everyone
    i am buying a flat in bsk 3rd stage,which will cost me around 41.5 lakhs(including amneties).Now can u please tell me what would be the registration cost+vat+servise tax for this flat. (ie the total amount i would be paying)

    Comment by kaushik — December 1, 2006 @ 3:54 pm | Reply

  88. also,say an apartment has got approval for 3 floors,but the builder builds 4 floors.Now say the authorities come to know about this and decide to demolish the 4th floor.Will it cause any damage(legally and physically) to the rest of the floors?(remember kormangala demolitions were on commercial property).and if there is an apartment violating the floor area ratio ,but the apartment is in a resedential area(which is quite common),will i have to worry about the apartment getting demolished??(‘cuz i have heard demolitions rarely( happen in residential localities)

    Comment by kaushik — December 1, 2006 @ 6:37 pm | Reply

  89. Hi Kaushik,
    Before you grab the calculator and start punching numbers, ask your builder about these costs. He would give you the detailed break-up and the exact amount for each component.

    Comment by manishbansal — December 2, 2006 @ 3:35 am | Reply

  90. k…what about the answer to my second question?

    Comment by kaushik — December 6, 2006 @ 5:12 pm | Reply

  91. I am not sure about the damage to the lower floors if the upper floors are demolished. Regarding demolitions themselves, I don’t think there is any set rule about the buildings in the residential areas. In fact, one of the buildings that was demolished in Koramangala was a house (I used to live in a house opposite that one).
    Are you planning to buy any such apartment?

    Comment by manishbansal — December 7, 2006 @ 11:45 am | Reply

  92. hi,
    have been readign cpl queries on this site and thought id post my own. we are on the verge of finalising a second sale of an apt in rmv extn. blore. my query is that since our said apt wil be on the topmost floor does anybody have an idea as to what are teh building byelaws in case of a seepage from the terrace? are there any set rules for this??
    also any site /info we can refer fr property evalutaion – to ensure we are paying the right price fr the apt??
    i understand that vat is charged even fr a second sale.. however the seller is asking fr a lumpsum price inclusive of vat. is this ok – do we need to clarify with him as to additonal charges later??
    any inputs as to best banks fr housing loans- floating??nationalised or private??
    appreciate a prompt response
    rashmi

    Comment by rashmi — December 11, 2006 @ 12:18 pm | Reply

  93. Hi Manish,

    I booked a flat in purva venezia, yelanka. 3 Bed room flat only. Purva is Ok ?
    Would it be good in terms of investment ? What is your suggestion ?

    Am totally confused with banks and their offers. Am afraid of floating interest rates also. Could you guide me some good banks where I can go for floating or fixed ? Fixed of 11% is good option ? or 9% of floating rate good option ? and which banks are good ? Nationalized banks are asking like “salary should be credited into their bank or undertaking from my company” But My working company would not agree this. Private banks offering 9% floating but am not so comfortable.

    What could I do ?

    Waiting for your valuable suggestions.

    Thanks,
    Selva Mani.

    Comment by Selva Mani — January 5, 2007 @ 2:46 pm | Reply

    • All you need is a letter from your company stating “XYZ company wouldnt be able to credit you salary to XYZ nationalized bank as XYZ company has a tie up with XYZ private bank”
      This is what I did and was suggested by a bank manager.

      Comment by Anonymous — November 8, 2009 @ 6:55 am | Reply

  94. Hi,
    It was a nice article, I’m sure that he has analysed the market & suggested. It is valid point that better Buy any Project when It is in Pre-launch Stage (which means before the construction starts and not before Promoter buy the land), or atleast in one month from the date of launch to get good ROI. But it is always better to analyse the promoter before we buy.

    Comment by Niranjan R — January 6, 2007 @ 7:06 am | Reply

  95. Hi Selva Mani,
    I had taken home loan on a floating rate of interest as I could get a bigger loan this way. The fixed rate is not really fixed anyway. It is fixed only for 3 years and then it goes up (it could go down too but it never does). So my advice would be to go for a floating loan.
    Regarding Purva builders, they are ok. But you should keep in mind that flats are typically not a good place for pure investment. You should buy a plot for that. Buy a flat for the purpose of actually living there.

    Comment by Manish Bansal — January 7, 2007 @ 3:18 pm | Reply

  96. Hi Manish,

    Nice to see such an elaborate forum with all detailed comments pertaining to bangalore property market !!!!

    I too agree that buying a flat is for a living rather than investment on a lonhterm. I would like to get your opinion on the Ptoject ITTINA AVANI in koramanagala. What could be the approximate rate per SFT I can negotiate and agree upon?

    Your advise please.
    Regards
    Harish

    Comment by Harish — January 9, 2007 @ 8:29 am | Reply

  97. Hi Harish,
    Where exactly is Ittina Avani located in Koramangala? Looking at the rates of other properties in Koramangala, I won’t be surprised to see a quote of 3500/- per sqft.

    Comment by Manish Bansal — January 9, 2007 @ 8:53 am | Reply

  98. Hi Manish,

    Thanks for your response.
    It is in 3rd Block, Koramangala… and 200m from Wipro office on the 7th Main…

    Thanks and Regards
    Harish

    Comment by Harish — January 9, 2007 @ 8:57 am | Reply

  99. Hi Manish,
    To provide you with more information,
    total no. of flats is 10 and have gym, health club and jacuzzi on the top floor
    they r quoting 5k, but coming upto 4.4k.

    Is it worth going for?

    Rgds
    Harish

    Comment by Harish — January 9, 2007 @ 9:00 am | Reply

  100. It seems ok considering the current rates of properties in Koramangala. In fact, I live in 3rd block itself and the plot rates there are, like, 4000/- per sqft. So an apartment at 4.4k seems reasonable. It’s just the location.

    Comment by Manish Bansal — January 9, 2007 @ 9:20 am | Reply

  101. Hi Harish,

    And guys please be aware of ittina in genral.I had booked flat in 2004 june which was supposed to be handed to us on April 2005 has not been completed more than 70 percent.Also the ITTINA builder constructed 2 floors extra over the approved.BDA publised a public notice on them.Go to BDA site and read. I am in a big dilema if want to put my money with them.

    Please save youself from all the trouble i have gone through.

    Comment by Pushkar — January 12, 2007 @ 10:45 am | Reply

  102. Hi Manish,
    Reading all your comments i presume, Real estate(esp apartment info) interest you a lot. I guess you are not a prof Real estate guy.
    Manish i just wonder why are the apartment rates in CV Raman nagar and Kagdaspura so less compared to other areas. Frontline builders quote around 17 to 20 lakhs for flats. More info
    refer http://www.indiaconnect.com and http://www.bangaloreproperties.com. Please let me know is it good to own a flat at CV Ramannagar or Kagdaspura?

    Thanks
    Vijay

    Comment by Vijay — January 15, 2007 @ 5:38 am | Reply

  103. Hi Vijay,
    In real estate, the only thing that matters is the location. Sure, other things like construction quality, builder reputation etc matter too but location is the main factor that determines the price. Anyway, what is the price in terms of per sqft?

    Comment by Manish Bansal — January 16, 2007 @ 4:59 am | Reply

  104. Hi Manish,
    Thanks for your response. Usually 1550 to 1800
    per sqft is what they quote. In short 1000 sqft house would cost you 17 to 18 lakhs. this cost include all the charges. not sure if it includes registeration also.
    please visit these sites. they have lots of apartment ad from this area.
    http://www.indiaconnect.com and http://www.bangaloreproperties.com

    Thanks
    Vijay

    Comment by Vijay — January 16, 2007 @ 12:21 pm | Reply

  105. To Vijay:
    I can not say about the CV Raman nagar area but 1800/- per sqft is a very good price. So if YOU like the locality, go for it.

    Comment by Manish Bansal — January 18, 2007 @ 4:20 am | Reply

  106. Hi,
    In Btm AREAS they say one sq feet as 3250 and more than that.
    Is it worth getting a flat here..
    have found a flat for 1050 sq feet which is 35L
    The aprtment s good and i m worried about this huge investment..Is it really worth buying it.
    It is a brand new flat with 3 bed rooms..
    Please advice
    Thanks
    Senthil

    Comment by Senthil — January 19, 2007 @ 8:11 am | Reply

  107. To Senthil:
    At 3250/- per sqft, this seems too costly to me. You can get double the area for the same amount if you buy somewhere in the outskirts of Bangalore. I won’t buy it if I were you.

    Comment by Manish Bansal — January 19, 2007 @ 8:50 am | Reply

  108. Thanks for the information.
    Can u please tell me how much is the builders charging for prime area like BTM…that too near the 100 feet road..and around?
    Thanks in Advance
    Senthil

    Comment by Senthil — January 19, 2007 @ 11:31 am | Reply

  109. Hi Manish,

    I bought an apatment(under construction) worth about 32Lacs in Jan 2005. I have paid the complete amount to builder (through loan) in Jan 2005. Do I still have to pay VAT?
    Apartment would be ready for possesion in april may 2007. The sales person tells me I do not have to pay VAT, I cannot beleive him, tomorrow suddenly he might say I will have to pay. Please let me know if I have to pay VAT so that I can plan accordingly.

    Comment by pavan — January 19, 2007 @ 12:28 pm | Reply

  110. To Pavan:
    I too believe that you still have to pay VAT and service tax. I don’t think VAT has anything to do with whether you take the loan or not or how you pay it. You can confirm it with some other builder’s customer care just to be safe.

    Comment by Manish Bansal — January 19, 2007 @ 3:48 pm | Reply

  111. To Senthil:
    The asking rate around BTM or any other well developed area is above 3000/- per sqft only. The point is that you should not buy a flat at this rate, no matter where it is. Unless you are very particular about an area or the apartments are really of international standards, you should not be paying this high a price. It’s better to buy something around Sarjapur road or some other outlying area.

    Comment by Manish Bansal — January 19, 2007 @ 3:56 pm | Reply

  112. Manish,

    Thing is that I have paid the builder before VAT came into affect(before mar31 2005). Not Sure if that matters. Anyways I will be ready :-(. Thanks for the quick reply.

    Comment by pavan — January 20, 2007 @ 2:33 am | Reply

  113. Great article! What is the current going rate for concorde manhattan ? Just wanted your opions on how high do you think it will appreciate and how quickly?
    Is it a good idea to invest in electronic city?

    Thanks – any suggestions are welcome

    Comment by suhita — January 20, 2007 @ 3:10 pm | Reply

  114. To Suhita:
    From what I think, Concorde Manhattan will appreciate to at least 1.5 times its value within a year. Everything (especially the location) is good about Manhattan except its size. It’s going to have about 1400 apartments and will take about 2-3 years to complete. It’s good for investment. Just think twice before buying it for your own living because of the long construction schedule.

    Comment by Manish Bansal — January 20, 2007 @ 4:16 pm | Reply

  115. What do you people think about Like-Minded Farm House Project at bidadi started by team (refer groups.msn.com/bdasites general section). Is it workable? Any comments. Looks like too much of risk but rewards will be great later.

    Comment by GOPAL — January 21, 2007 @ 12:24 pm | Reply

  116. Hi,

    You mentioned ICICI having good ethics, in fact that is not true it is horrible bank. rest of your article is pretty good and useful. If possible please delete reference to ICICI as some one may go with ICICI and land into troubles.

    Comment by Syam — January 22, 2007 @ 9:25 am | Reply

  117. Dear Friends,
    Iam planning to purchase an appt on the ORR, the project name is NCC Maple Heights ( just launched) from Nagarjuna Construction Company. The price they quote is 2600 psft. Possession is in Oct 2008. The location is near KR puram. It would be great if you guys help me out with your ideas on the below points:
    1. Is NCC a reputed builder?
    2. How good is this location?
    3. Whether the price is too high or normal?
    4. Will there be a water problem? Though the builder says therewouldnt be any.
    5. Any idea on the Kaveri water pipeline?
    6. I personally think its connectivity(Road wise) is good.
    7. Iam thinking of buying an appt on 1st Floor (2BHK + Study Room ) 1458 Sqft.

    Please give me your suggestions.

    Regards,
    Ravi

    Comment by Ravi — January 22, 2007 @ 5:31 pm | Reply

  118. Hi,
    I see some ads of the builders saying they have tie up with UTI bank where in you don’t need to apy any Pre-EMI till the date of possetion, just pay 5% to the builder, Free Insurance and no pre closure penalty.

    How this is going to work out for UTI?

    Comment by Prasad — January 22, 2007 @ 6:02 pm | Reply

  119. To Syam:
    I think you have misunderstood my comments about ICICI. I was just talking about their loan offers. And it’s true that they have the most flexible loan policy (being the biggest player in this area). Their ethics are same as other banks though.

    Comment by Manish Bansal — January 22, 2007 @ 9:02 pm | Reply

  120. To Prasad:
    Remember that banks or the builders will never offer a plan where they have to bear a loss. In this case, 5% of the loan amount will be more or at least same as total Pre-EMI you would have paid. Actually, you shouldn’t be paying any Pre-EMI if you can afford to pay the full EMI now. See the loan section the article above.

    Comment by Manish Bansal — January 22, 2007 @ 9:05 pm | Reply

  121. Hi,

    I have 2 issues that I need advice on
    – I have purchased a flat a year back fro 16L, now the value is around 30L. What is the service tax/sales tax I will need to pay when I sell the flat
    – I took a loan from a bank at a “fixed interest rate for the tenure of the loan”. Part payment has been made at the interest rate agreed to. Now for the 3rd part payment to the builder the bank is revising the interest rate to a higher rate based on a “weighted average”. I feel like accusing the bank for fraud. Can I go to consumer court and newspapers for this ?

    Comment by Suraj — January 24, 2007 @ 8:27 am | Reply

  122. Hi Manish,

    I have bought a flat in JP Nagar 6th Phase in June 2005. I have a few questions in this regard, appreciate if you can shed your thoughts on the same.

    1. The flat is about to be finished now, and hence the registration cost the builder is quoting is as per the formula below:

    (1800* Super built up area + 35000)*0.1

    Where 35000 is the registration charges he is taking for the open car park. I have already paid 1 Lac for the open car park while booking the appartment. Can you tell me if this formula is correct ?

    2. I have paid the entire cost of the flat while booking (thru a loan) in June 2005. VAT was introduced & is applied from Oct 2005. Do I still have to pay the VAT on the total cost of the appartment even though my payment was made before October 2005 ?

    Thanks in Advance.

    Rgds,
    Naveen

    Comment by Naveen — January 26, 2007 @ 12:23 pm | Reply

  123. Hi Manish,
    Need your help here badly..we a group of some friends have booked flat at concorde manhattan. Now we have to sign the agreement and it seems there are lots of discrepencies/queries we need clarifications on.
    As you have also taken apartment with concorde group though in different project, will it possible for you to send me the soft copy of the agreements for our reference.
    Also it seems he has kept all the loopholes or clauses in his favour..what is ur opinion about this..
    Expecting cooperation..

    Thnks
    Jags

    Comment by Jags — January 30, 2007 @ 7:13 pm | Reply

  124. To Jags:
    I do not have the soft copy of the agreement with me now but the standard procedure is to take the agreement to a lawyer who specializes in property matters and get it clarified. They typically charge like 1000/- or so but it’s well worth it.
    What specific clause has he kept in his favour?

    Comment by Manish Bansal — January 31, 2007 @ 12:04 am | Reply

  125. Hi Manish,

    That was a really informative article. We’re on the lookout for a good apartment but not in a position to approach the top builders as they charge too high.
    So, any pointers as to how do we start or look for good builders? Where do we get the reliable information about such builders?
    Any pointers in this regard is really appreciated.

    Comment by Lakshmi — January 31, 2007 @ 1:24 pm | Reply

  126. can some one guide on how bwssb and kpct(keb) deposits are calculated for new apartment? are the builders allowed to charge exorbitanatly or is there a fixed rate ?

    Comment by arun — February 3, 2007 @ 2:47 pm | Reply

  127. hi ravi,
    further to point 117 even i plan to buy a flat in maple heights (i just finalised today ) similar 2 bed room study on the 1st flr . i have some queries other than those u have raised and wud luv to talk to u on this matter. kindly call me on 9845096587 at the earlist.
    preethu

    Comment by preethu — February 4, 2007 @ 5:57 pm | Reply

  128. Hi ,

    I am planning on buying a villa at sylvan view by Concorde.Any opinion on the builder,reliability, commitment and quality of service. I found that information was not consistent across the company , which leads to a lot of doubt about the builder. I live abroad hence would find it hard to keep tract of the actual events here. Is there any existing chat group for this particular project by the builder ?

    Comment by Tarushi — February 6, 2007 @ 3:35 pm | Reply

  129. Hi Manish,
    i have learnt a lot from all the discusions in your page. I have booked a flat at whitefield. The builder (a reputed one as far as i know) says that he has submitted his plans to the bda and is expecting approval. this he is saying for the past two months. How long does the bda approval process take for an gated township project of 500 homes?

    Secondly, can i get a detailed plan (showing lighting points, AC points, switch points) soon after the bda approval?

    thanks in advance.
    saravana

    Comment by saravana — February 7, 2007 @ 8:50 am | Reply

  130. To Tarushi:
    I think I have seen Sylvan View if I remember correctly. Frankly, I was not impressed by the model house. It looked very third-grade and cheap. You’d be better off buying just the plot.

    Comment by Manish Bansal — February 12, 2007 @ 2:06 am | Reply

  131. To Saravana:
    You can see the plan before the BDA approval itself. BDA approval is just a formality after which the builder can start selling the apartments. Before that, builders typically sell flats under pre-launch offer.

    Comment by Manish Bansal — February 12, 2007 @ 2:08 am | Reply

  132. Dear Manish,

    I am keen on buying an apartment at Raheja Residency at Koramangala. I need two information :
    a) Is this building notified by BDA (like others in Koramangala) for demolition ?
    b) As you may be aware, this is a 10 year old apartment. How much money i will be eligible to borrow ?

    KMPrabhu

    Comment by K M Prabhu — February 12, 2007 @ 11:37 am | Reply

  133. There was no model home with Sylvan view, they showed us only the completed
    Silicon Valley project. Is that the one you are talking about? Silicon Valley s right next to Wipro. Kindly revert.

    Comment by Tarushi — February 14, 2007 @ 1:31 am | Reply

  134. Hi Tarushi,
    I have seen both Silicon Valley and Sylvan View. I didn’t like the construction at Silicon Vally at all. There were cracks in the walls and the roofs were leaking and there was seepage all over. I don’t think Sylvan View would be any better in terms of construction quality. You’d be better off buying just a plot or a flat.

    Comment by Manish Bansal — February 14, 2007 @ 2:20 pm | Reply

  135. Hi Manish,
    I have booked a flat with Alpin builders (VIVA in whitefield). Any opinion on the builders reputation, quality etc., The project is expected to be completed by July 2008.

    Also, if anybody has booked in the same project, please contact me at jolivy@yahoo.com

    Comment by jolivy — February 15, 2007 @ 7:20 am | Reply

  136. Hi

    Can you please suggest me to calculate my VAT and Service tax as per today.
    I bought a flat in bangalore and the cost is below.

    3Bedroom -1455 sqfeet
    Total cost of flat is Rs. 28,82,625 (including car+KPTCL+BWSSB).

    Undivided Share Land cost mentioned by builder is 3 laks.

    Now, Could anyone please tell me my registration cost + vat+service tax or please let me know how can i calculate from the above figures.

    That will be helpful to me.

    Thanks
    Vara

    Comment by Vara — February 16, 2007 @ 6:36 am | Reply

  137. Hi Manish,
    This is truly an informative blog. I have recently bought a 3 BHK in Banashankari II stage behind Big Bazaar. I have registered the flat and have the sale deed. When and from where will I get the possession certificate and Khatha? And when should I start paying the property taxes for the same?
    Secondly I would like to know if there is a way to change your flat i.,e, I had earlier decided to go with a 3 BHK 1600 sqft appt. But now the 1700 sqft appt in the same complex is probably what I should have gone with. I heard from the builder that there are a couple of them still available Can I make this switch considering that I have already registered the 1600sqft appt?

    Thanks a lot in advance
    Kedar

    Comment by Kedar — February 16, 2007 @ 9:04 am | Reply

  138. Hi

    As i posted in 136. I would like to know one more thing that who will help me to calculate my exact registration amount either CA or lawyer?

    Thanks
    Vara

    Comment by Vara — February 16, 2007 @ 4:12 pm | Reply

  139. To Vara:
    Your builder is supposed to give you all these calculations. Even though the formulas remain the same, you need to know the exact cost breakup of your flat to calculate VAT and service tax. Like how much percentage is the material cost and how much is the construction cost etc. Do ask your builder for these details and the exact VAT and service tax.

    Comment by Manish Bansal — February 18, 2007 @ 3:09 am | Reply

  140. To Kedar:
    I don’t think you can switch after registering. As registration means that you have purchased the flat in your name. The only way to switch now would be to sell your current flat and buy the new one.

    Comment by Manish Bansal — February 18, 2007 @ 3:11 am | Reply

  141. Hi Manish,

    I am planning to buy an old apartment which was built 5 years ago. Building has 12 flats. Do I need to pay the VAT or any service tax for the same excluding registration charges?
    Please let me know.

    Thanks,
    Senthilkumaran

    Comment by Senthilkumaran — February 18, 2007 @ 9:06 am | Reply

  142. Thanks for the information Manish. So, builder has chances to cheat us.

    Comment by Vara — February 19, 2007 @ 3:45 am | Reply

  143. Hi Manish,

    In addition to my post 141, there was no builder involved in the transaction. And the seller (current flat owner) does not have any idea about the VAT. Flat was built in 2001 and the owner is quoting 35L lump sum amount.
    kindly let me know do I need to pay VAT and service tax, if so, what could be the amount.

    Thanks,
    Senthilkumaran B

    Comment by Senthilkumaran — February 19, 2007 @ 6:04 am | Reply

  144. Hi Manish,

    I did register a flat from a builder and it takes too much of a time to get it completed. What all things do we need to include in the sale deed. Suddenly my friend told me if you didnt metnion the completion date in the deed its a problem. They cab skip the work. Also what all amenities have to be mentioned in the deed. Since the registration is over I am a little concerned about it.
    It will be very nice if you let me know about your thoguhts.

    Thanks
    Rajesh

    Comment by Rajesh — February 20, 2007 @ 9:51 am | Reply

  145. Hi, I saw the model flat of Concorde Manhattan…liked it. How is it as an investment? Right now they have 3BHK fully furnished apts…does it make sense to invest in those?

    Comment by Asmita — February 21, 2007 @ 4:31 pm | Reply

  146. Hi,
    I am an NRI from Ireland. I am thinking of buying some property in bangalore as an investment. More of my thought is in return on investment basis. I heard investing on an apartment is not good than investing on an independant house. Apartments resale value is considerably less than a house. So i thought i would invest on an independant house. Do you guys have any suggestions in this regard and any recommendations to go through which builder and project. I greatly appreciate frank and prompt response.
    Thanks.

    Comment by Aish — February 22, 2007 @ 2:49 pm | Reply

  147. Hi,
    This is response to my friends, who wanted details point 117 and 127. Maple heights at ORR is a beautiful project. Even I have booked a flat there. The price for what you have got is a real steal, considering that the present value for which it is sold is Rs.3090/- per sq ft. I know NCC, they are committed builders, who have nearly 30years experience in the field of infrastructure development and property development. They are easily approacheable, and understand your personal problems. With best wishes to my would be neighbours. Vivek.

    Comment by vivek — February 24, 2007 @ 6:01 pm | Reply

  148. Dears Ravi and Preethu,

    For any other information what i may have, you may kindly contact me on 9448389190. Regards, Vivek. I have just given my comment above on Nagarjuna Construction Company`s maple heights. Good luck to you both… Regards, Vivek.

    Comment by vivek — February 24, 2007 @ 6:05 pm | Reply

  149. Hi Manish,

    This is very informative. Am planning to reloate to Blr and wld like to buy a flat where I can live somewhere North/West as I would be working in Yeshwantpur area.

    What are the good localaties there. I lean towards a new construction apt complex which will hv its iown club house/ pool etc.

    Pl suggest thanks.

    Comment by Nina — February 25, 2007 @ 5:50 am | Reply

  150. Hi

    I very much enjoyed reading all very informative comments.Im a foreigner looking into investing in new apartments in JP Nagar. Could I know if this area is well worth investing in, I mean is this a popular residential area? with higher income return? Thanks
    Romeeza
    email:rameezaa@hotmail.com

    Comment by Romeeza — February 26, 2007 @ 10:46 pm | Reply

  151. Hi,
    I am looking for an apartment in banaglore .But i got so confused where to take as every where the builders are saying high prices.Can you suggest me which areas are good to take an apartment for a better price. Heard that marathahalli,white field is good for investment or is it good to check out in banaglore-North side like hebbal.
    Please let me know.

    Comment by SAM — February 28, 2007 @ 12:18 pm | Reply

  152. To Rameezaa and Sam,
    My thinking is that apartments are not a good place to put your money in from an investment point of view. The situation was different a few years back but now everything is already so highly priced that the growth rate has slowed down.
    In terms of areas, I would suggest Bangalore North as most other places are more or less saturated.

    Comment by Manish Bansal — February 28, 2007 @ 2:50 pm | Reply

  153. Hi,

    I’m new to the real estate concepts. I learned a lot after going through your article. I’m also planning to purchase a house. As you have mentioned, that it is best to book a flat at the time of pre-launch.

    How will I come to know whether the builder has opened a pre-launch booking for his apartments? I have been going through many developers websites but I can’t find any pre-launch booking offers.

    Do you know if any good builders, if they are opening their projects for pre-launch booking?

    Your help will be appreciated.

    Thanks & Regards,
    Arun.

    Comment by Arun Kumar Saral — March 3, 2007 @ 4:58 am | Reply

  154. Hi,

    I have purchased a flat in ITPL, Whitefield, Bangalore.

    I am going for a registration around 10th Mar, 07. The builder is charging me as below
    Stamp duty 9%
    (super built up area* govt guidance on price)

    Regi fees 1%
    (super built up area* govt guidance on price)

    Legal fees 20000

    Can yu help me understand if these fees are reasonable ??
    And is the reg and stamp duty fees charged on the super built up or the undivided share of land area ??

    Comment by Pooja Shah — March 4, 2007 @ 8:00 am | Reply

  155. Is the registration amount (payed to sub-registrar) for a flat income-tax deductable ?

    Comment by Pavan — March 7, 2007 @ 9:23 am | Reply

  156. Hi…need inputs on the Freesia project of Oceanus dwellings on the ORR. Any thoughts/feed back will be of great help as Iam planning to pick up a property next week. Not sure about the builders and the project..as I have not heard about them. Just happened to see this place through a friend. Thanks in advance. Cheers Srini

    Comment by Srini — March 8, 2007 @ 7:11 am | Reply

  157. I am an NRI from Dubai and have been trying to invest in landed property outside Bangalore. But I am told that registration of land in Bangalore is completely stopped. Is it true? If it is true, when is it likely to resume ? What do you think about `whispering woods’ property of the Vakils in Hosur ? I would be most grateful for a frank feedback on these issues.

    Comment by B. Ravindar — March 8, 2007 @ 7:41 pm | Reply

  158. Hi

    Plan to a second sale apartment on sarjapur-ORR. The flat has complete woodwork and is already registered and Khata transfer has been done by the owner. Now the owner is selling it for arooud Rs 65 lacs (57 lacs for flat + 7 lacs for woodwork and 1 lac fo car park). What will be the registration + stamp duty + VAT + Service tax worksheet for such a deal. Is there anything else that also needs to be paid up. Can anybody help with it.

    Thanks

    Comment by Pankaj — March 12, 2007 @ 9:02 am | Reply

  159. This message is posted in multiple feed sites.

    This is to spread awareness on one of the several builders in Bangalore who promises a customer a lot when he has no buyers for his flats and does not deliver the flats in time after trapping the customer. M/s Salvia Developers Pvt ltd., whose project is located in AECS layout (Off Hosur Road, entry opp to Dr Agarwal Hospital, after the begur signal) who is taken the customers for a ride since 2005. This builder named Somasekhar is from Andhra Pradesh, Ananthapur who came to bangalore around 3 yrs ago and started as a builder. He started the project before 2.5 years and agreement was made with several customers to handover the flats after 10 months from the date of agreement. The apartment has 42-45 flats. The construction is still not complete. Out of 42-45 flats, after getting frustrated from the builder, 3 families have moved in to their incomplete flats. There is not even a single customer happy with this builder. The customers are so much frustrated. When the flat owners go to speak to him, he tries to deal with each customer separately. He deals with them unproffessionally. His carrying out the project is also unproffessional. To few of the customers who cannot dare to go to Court/consumer court after paying hefty money for their dream flat, the builder of Salvia Developer has threatened saying ‘get lost, I am not giving the flat, go and do whatever you can do’. Most of the customers are still paying the emi since 2 years..for their incomplete flat..

    Comment by Joshi S Sharma — March 14, 2007 @ 11:07 am | Reply

  160. Taking the liberty of answering few points as there is no response from Manish Bhai,,,guess he is travelling.
    This has reference to the posting in 156 other and 157.oceanus is a decent builder, you may like to have a look at their other ventures in the vicinity of freesia..ebony and the old venture in the next road. Freesia has a spearing road coming from north west (not a very good sign)and the shape of the property is in a odd dimension. ( (if one is vaasthu conscious)other than that the property is a decent one. You may like to check with the builders about the water facility as that area has water problem.
    No. 157; Registrations are happening in certain areas, however depends on the area which one would like to buy Regards Vasu

    Comment by vasu — March 18, 2007 @ 11:15 am | Reply

  161. Hi,

    I have identified a Flat near Vignanagar. My flat owner informs that Registration cost % might increase shortly soon in Bangalore & request for early registration. Is any aware of this news? Please comment.

    Comment by Ram — March 18, 2007 @ 2:27 pm | Reply

  162. Hi ,

    Does the below article from Times of India about “Guideline value price rise 100-400%” , is applicable for Flat’s Registration also. OR is it restricted only to Lands Registration.

    Please comment.

    Article:
    ——-
    Land becomes dear
    Govt Revises Guidance Value, 100-400% Rise In Upmarket Areas
    The TImes of India

    Bangalore: Here is a shocker for those who are dreaming of buying a site or constructing a house in Bangalore. The government has revised the guidance value of prime areas in Bangalore by one to four times.
    The notification was issued on February 28 and March 14 is the last date for filing objections. The objections can be filed before secretary, central guidelines committee, BWSSB, Cauvery Bhavan, through post or handed over personally.
    With the guidance value having gone up, Bangaloreans will have to pay higher registration fee while buying land and buildings. Land prices already being sky-high, the decision is bound to pinch the middle class further.
    The guidance values of land that come under the 12 registrar offices in Bangalore have been revised. The new values will be applicable in Basavanagudi, Gandhinagar, K R Puram, Jayanagar, Rajajinagar, Shivajinagar, Srirampura, Bangalore North, Bangalore South, Yelahanka and Anekal registrar offices. There is a bonanza for those who own farmland in Anekal: the land priced at Rs 4.2 lakh per acre has shot up to to Rs 10 lakh per acre after the revision.
    In Tata Silk Farm area, it is quite steep: the revised value has shot up to Rs 4,000 from Rs 1,000 per sq ft. Bellary Road (up to Mehkri Circle) has also seen a steep revision: from Rs 3,000 to Rs 7,000. The revision is over double in Jayanagar 9th block: from Rs 2,000 to 5,000 per sq ft. So also Bannerghatta Road from Rs 2,000 to Rs 4,000.
    In Annepura, Azadnagar areas, the guidance value for one sq ft has gone up from Rs 500 to Rs 1,000; in Banashankari I stage, it has been increased from Rs 1,500 to Rs 2,000 per sq foot, while in Srinagar Layout from Rs 800 to Rs 1,300 per sq ft, Ashoknagar Rs 1,200 to Rs 1,900 sq ft, Chennammana tank from Rs 1,000 to Rs 1,650 sq ft, and Hosakerehalli BDA Layout from Rs 1,000 to Rs 2,000 sq ft. The new rates
    Bangalore: The government has revised the guidance value for the following areas. The revised rates are: In Gandhi Bazaar, the value has nearly doubled from Rs 2,500 to Rs 4,500 per sq ft, Kanakapura Road from Rs 2,200 to Rs 4,500, South End Road from Rs 2,200 to Rs 5,000.
    In Hanumanthanagar cross road area, the value has gone up from Rs 1,400 to Rs 1,950 per sq ft, Lalbagh Road from Rs 2,500 to Rs 4,500, Kathriguppe Rs 1,000 to Rs 1,600.
    Land in RT Nagar too has become quite expensive: in first and second blocks the revision is from Rs 2,000 to Rs 3,000 per sq ft. In the upmarket Sadashivanagar, it has gone up from Rs 3,000 to Rs 4,500. In Madivala BDA and BMRDA layouts for every sq ft which was Rs 105, it is now Rs 450. In Sarjapur, value of agricultural land is revised to Rs 34 lakh per acre.

    Comment by Sundar — March 18, 2007 @ 3:24 pm | Reply

  163. Hi,
    I am planning to buy a flat in kagdaspura 6th cross,
    Is there water problem (Drinking + Utility ) there in this area ??
    Has anybody faced this problem ?

    Please guide.

    Thanks.
    Vinay

    Comment by Vinay — March 19, 2007 @ 6:58 am | Reply

  164. Hi buddy,
    I’m afraid you should not leave your job and start a own Real estate lawyer office with this page full of informations.

    Really very good info for people like me (novoice).

    Thanks dear ! 🙂

    – Karthi

    Comment by Karthi — March 20, 2007 @ 6:17 am | Reply

  165. Hi,

    1. I have bought a 4 B/R apartment at Benson Town and heard that guideline values of flats are going to go up effective April 2007 and hence the registration Value.
    2. What is the guideline value for Apartments @ Benson town with all amenities like Swimming Pool, Club House, Car Park and stand by genset etc.
    3. It is a brand new apartment just now ready for registration
    4. I am an NRI and would appreciate feed back on Registration Charges and latest guideline values please

    Thanks and Regards – Narsi

    Comment by Narsi — March 21, 2007 @ 2:51 pm | Reply

  166. hi manish,

    we are planning to buy an apartment (1500 sqft) in Purva Riviera …The total cost of the flat is coming around 51 lakhs+ registration . Is it worth the investment?

    Comment by misra — March 23, 2007 @ 9:34 am | Reply

  167. Hi Manish,

    This page has answered many of my queries. This is very useful to every one who ever wants to buy a flat in Bangalore.
    I have booked an apartment near ITPL hoodi circle. Apart of the actual cost of the apartment builder is charging 4L extra saying other charges like, car parking, water..Etc…
    Can you please give me the list of these other charges with the cost .It would be great if u give me full list of charges along with registration fee. So that I can have a better idea to calculate the amount I am bit confused about this other charges.

    Thanks in advance.
    Sam.

    Comment by SAM — March 23, 2007 @ 10:42 am | Reply

  168. Also can you tell me how much /sqft near ITPL hoodi circle?

    Comment by SAM — March 23, 2007 @ 10:45 am | Reply

  169. How good is the place near Sai Baba Ashram, whitefield. Is it worth to buy a an apartment there? Can the area sustain the same growth rate in future? And what are the current apratment rental values?

    Comment by Kishore — March 24, 2007 @ 10:36 am | Reply

  170. Dear All,

    Excellent post by Manish. It is very informative. Based on my experience of house hunting for around a year in Bangalore I have compiled a list of good builders around Bangalore. Have a look at the post here.

    http://angraze.wordpress.com/2006/08/05/property-builders-in-bangalore/

    Thanks,
    Amit

    Comment by Amit Agarwalla — March 25, 2007 @ 2:54 pm | Reply

  171. Hi Manish,
    I have booked a flat in K.R Puram Sub-Registrar area and the possession will be in August 2007. I am thinking of going for registration before the Recent Hiked Guidance values are in effect. The increased guidance value will be in effect before the completion/possession of flat. Will this be advisable to go for registration before completion/possession?

    Thanks
    -Munu

    Comment by Munu — March 26, 2007 @ 6:54 am | Reply

  172. Hi All,
    What in your opinion/knowledge should be an investment limit on a 3BHK in Sarajapur road (near wipro office area)?

    Comment by Sandeep — March 26, 2007 @ 9:57 am | Reply

  173. Hi Vasu,
    What is ur opinion on Oceanus Monarda. Also, do u know if that area has any issues like water etc ??
    Thanks in Advance!!

    Comment by Sandeep — March 26, 2007 @ 10:03 am | Reply

  174. If you had bought a flat 3 years back before 2003 it would be a sureshot good investment.
    But at current flat rates and interest rates you are going for a toss. Suppose the same growth
    happened to flats in general happens in the coming three years. See this statistics

    The rates will go beyond 4000 per square feet within 1 – 2 years. But the purchasing power is
    not going to increase with that pace. That may create a pull downwards, this is going to be
    certain , as its pure logic, but when will this happen nobody can predict, since there is a speculative
    component, and this will happen only when a major pull back is noticed, and suddenly rates will
    spiral down.Now if you take some real estate companies, they are feeling pressure , since the flats
    are not moving as expected and the interest rates on loans taken by them are going up, and they
    need to sell all the flats immediately. In most of such flats , rates are stagnant , and in some cases
    coming down. If the trend picks up it may hit the Class A builders too.Adding to this is the over supply
    currently 1 lakh flats are in different stages of construction. But yearly demand is only 30000 flats. So
    uncertanity looms. Any further increase in interest rates will crush the backbone of lot of builders.
    So some investor psychology should be applied if you are an investor, Its like goats jumping over the
    stick of a shepeard , if he had placed the stick for first three goats in line and removing it after. The
    fourth and fifth in line will also jump, but soon the other goats following will jump less , finally
    the last one coming will be walking. So dont rush and only take calculated risks.

    So those who are buying just as an investment for coming 5 years should be very
    careful. But those who are buying a home for living, dont worry much about the prices, only see
    the EMI is bearable to you, you will not loose your investment since its for very long term (10+ years).
    In 5 years the bank will take all the interest out of you, so if you have plans for preclousure do it
    in the first 5 years, or else there is no much advantage.

    Comment by Prasad — March 27, 2007 @ 11:39 am | Reply

  175. Hi guys …
    If a second car park is bought from the builder, does it have to be shown in the registration? The sale agreement has mention of only 1 car park by default. The builder says that buying a second car park is independent of this and doesn’t have to be shown in the registration. And also that he would be giving me a seperate receipt/agreement for it.
    Have any of you got a second car park? If so, was there a mention of it in the registration papers?

    Comment by Krishna — March 27, 2007 @ 1:21 pm | Reply

  176. Q 12:
    How do we verify the sanction plan. where is the relevent office for apartment being constucted in kodihalli.
    Do we get authoritave sanction plan?, I mean , for my case builder gave a sanction plan and I want to verify it.

    Many thanks for your help.
    -Srinivas

    Comment by Srinivas — March 28, 2007 @ 8:22 am | Reply

  177. Hi Manish,

    I am from USA and moving to banglore….no idea about banglore…
    Can u suggest me… who are the best Builders Of Banglore..it terms of Quality construction and Commitment.

    Can u also suggest me about Concrode and UKN group ?

    Looking forward for your suggestions……

    Comment by Rohit Arora — March 28, 2007 @ 9:59 am | Reply

  178. Hi,

    I purchased a flat which is just in the initial stages of construction. Its in ulsoor area. Since registration costs are going up upto 100%, we approached the builder to ask if the flat could be registered. The builder initially hesitated but later agreed. The flat is just in the foundation level so the actual structure is still to exist. Is this ok to be registered this way? The undivided share and the flat together are mentioned in the sale deed.

    Looking for your comments….

    Thanks
    Rajiv

    Comment by Rajiv — March 28, 2007 @ 1:27 pm | Reply

  179. Does anyone know from when the guidance value rates will come into effect.Is it correct that there will be a week before the actual notification ?

    Whats the upswing in brookefield area ?

    Comment by Ritesh — March 29, 2007 @ 8:15 pm | Reply

  180. Continuing with my blog number 174, I am adding tis

    Those who are planning to buy Apartments can wait for 4-6 or more months stills rates stabilize .. you will get it at much cheaper rates..as forced selling would happen in some timeframe.. It seems Reserve Bank may continue hiking CRR till inflation rates goes down..this will bring down the value.. and Class C flats already available in lower rates…Class B and Class A will follow the suit…

    Those who had bought flats dont panic and dont think of selling what you have as of now because of loan burden, but rather talk with your banker for suitable rates and with builder to get benefits for early completion, negotiate with them since they are also in pressure with the loan they had taken.. put all the money you have in FDs and dont put the bulk amount in FD, but put it in a way that it matures in three months gap.. as interest rates are increasing and is supposed to increase further.. open new fds with the amount that is getting out of matured FDs. Play it safe.

    Comment by Prasad — April 2, 2007 @ 6:34 am | Reply

  181. Hi Rohit,
    In bangalore, you can try Esteem Builders. thats where even I have booked. i guess the going rate is Rs2800/- per sqft. Its in JP. Nagar. He has just started and will complete by end of 2008. I have seen some of his earlier projects and they are good.
    Regards,
    Shankar

    Comment by shankar — April 5, 2007 @ 9:01 am | Reply

  182. Hi All,
    UTI has a tieup with my builder and promised to give loan at 8% fixed. yday when they came home to collect the papers the UTI guy says its increased to 8.5%. Hes charging 0.5% for processing. On top of that he says I have to pay 0.5% to the sub-registrar for every loan sanctioned by bank. Looks like this is mandatory for anyone from 2006 Apr. Is it so ??

    Whats the normal processing fee ?? How do I convince the UTI guy that 8% is all I can pay and he better honor the word??

    What do I do?? Kindly let me know!

    Regards,
    shankar

    Comment by shankar — April 5, 2007 @ 9:06 am | Reply

  183. Hi Manish,

    I was just reading the message from Prasad (180). But have any of you guys felt that the apartment rates have really dropped?

    Do you foresee that the rates will drop in next 5-6 months. I was planning to invest in a second sale flat in good locations in Koramangala like Raheja / Embassy / Florina. What is your suggestion ? I see that you had a stay at Raheja. Do you see this as a good investment proposition considering the rate of borrowing at 11% +

    Regards

    KMPrabhu

    Comment by K M Prabhu — April 8, 2007 @ 9:14 am | Reply

  184. Hi Shankar,

    Are you sure the fixed loan rate is 8.5% in UTI right now??

    Regards,
    Raja

    Comment by RAJA — April 10, 2007 @ 10:04 am | Reply

  185. dont buy any property from oceanus …
    he is a big lier and his way of management is atrocious … the quality of the apt, is nowhere near to the price that he quotes .. chk out for urself

    Comment by dilbert — April 10, 2007 @ 12:48 pm | Reply

  186. I am planning to buy a flat from Krishvi Builders

    1.He is quoting 2400/- per sq.ft in Brookefields.Is this a good rate?
    2.What is the present registration amount?
    3.Any news about whether the interest rates dropping soon?

    Comment by Chandy — April 10, 2007 @ 5:47 pm | Reply

    • Hi Chandy,

      Did you booked the flat in Krishvi? Is this Brookefields or Outer Ring Road behind Cisco?

      I have booked the flat but not at the rate that you have mentioned above.

      let’s get in touch if we are going to be neighbours in Krishvi Gavakshi.

      Comment by Ghosh — July 4, 2010 @ 1:38 pm | Reply

      • Hi Ghosh,
        i too have booked in Krishvi Gavakshi, u can mail me at

        Comment by prashant — July 9, 2010 @ 10:42 am | Reply

        • Hi Prashant,

          I too have booked a flat in Krishvi Gavakshi. Is it possible for us to communicate, so that we can pose any clarifications and questions to each other? It would great to have your mobile number as well.

          Regards,
          Anand

          Comment by Anand — August 10, 2010 @ 6:52 pm | Reply

          • Prashant / Anand,

            I am looking to book a unit in Krishvi Gavakshi, can either of you pass me your cell number or call me at 9880868220 for some feedback. Will appreciate a quick response.

            Regards,
            Rakesh

            Comment by Rakesh — August 11, 2010 @ 3:28 pm | Reply

  187. Hi Folks,

    Sorry to bring this topic in VAT and Service tax once again. I have a fundamental question related to the total cost of an apartment.

    Let us say I buy an apartment from a builder @Rs.2000/sq.ft . And after paying all the VAT, service tax, and registration fee I would look at calculating the true final price per sq.ft which will obviously work out more than the Rs.2000/sq.ft as quoted by the builder and let us that the true final price per sq.ft works out to RS.2500.

    Now if I plan to sell the apartment, I would surely be pricing it at atleast Rs.2500/sq.ft to recover my cost. Are we saying that the new buyer would have to pay the VAT and service tax? If that is the case, would Rs.2500/sq.ft become the basis for calculating the VAT and service tax?

    Finally, if VAT and service tax are levied for the building construction and the registration is for the undivided land share, why will the second buyer be required pay the VAT and service tax when the registration will be done for the undivided land share?

    Regards,
    Vilas

    Comment by Vilas — April 10, 2007 @ 10:41 pm | Reply

  188. Hi,
    Iam planning to pick up a flat at Prestige Monte carlo. Can you give me your views on this project. Had been there and first impression on the ambience, walkways, maintanance of the apartments are good. .Any suggestions. regards Nivas

    Comment by nivas — April 11, 2007 @ 12:54 pm | Reply

  189. Hi,
    I am planning to buy a house near KR Puram, Kagdaspura from Frontline Builders, Any idea bout this builders ? how this area ? Can some one guide me ?

    Comment by Gireesh Kumar — April 16, 2007 @ 1:17 pm | Reply

  190. hi,
    what does the new rate hike in todays news paper means.. i have booked a flat last year and would get possesion this year july what would be the effect of this rate hike.
    thanks
    Ashish

    Comment by ashish — April 19, 2007 @ 7:31 am | Reply

  191. Hi,

    I am planning to buy an apartment from a builder.

    There is deviations from the sanctioned plan and the actual.

    In actual construction, the size of the house is around 930 sqft(carpet area) and has 2 bedroom, living, dining, kitchen and 2 toilets.

    But teh sanctioned plan has a carpet area of only 440 sqft and there ois only one bedroom, living, kitchen and toilet.

    Also the whole building also has some planned 15 feet and all sides.
    But actual is around 4-5 feet only space on sides.

    I see that there is a huge difference here.
    The builder is saying he will arrange khata after registration.

    Is it advisable to go ahead with buying this?

    Comment by manian — April 19, 2007 @ 11:37 am | Reply

    • Hello sir ,

      I have the same situation with one of our builder in kundanahalli,Let me know your feed back regarding the same. Whether to go for this kind of property.Plz revert- Priya

      Comment by Priya — July 5, 2011 @ 9:04 am | Reply

  192. Hi Manish,

    Im thinking of buying a new independant house at Bangalore as i want to do it as an investment.Im looking for a new or 3 yr old house.

    The contractors have builded these and are selling it. Is it good to believe them and go forth.
    Is it ok to go with it.Appreciate if you can give ur valuable tips and comments.

    Aarthi.

    Comment by Aarthi — April 23, 2007 @ 5:22 pm | Reply

  193. Hi,

    Planning to buy an apartment from Reddy Structures (brand name Mahaveer) at whitefield, Bangalore. I need to know feedback on this builder.

    Thanks

    Comment by Narayanan — April 29, 2007 @ 9:05 am | Reply

  194. hi shankar,

    just saw your query on UTI charging processing charges. We have a loan from UTI and we were also quoted 0.5% of loan amount as processing fees. but we checked with another UTI DSA (direct sales agent) and we were horrified to find that there is no rule @ UTI to charge 0.5%. In fact they are supposed to charge not more than 5500 bucks. Anything extra earned goes as incentive to the agent.

    I finally gave my agent 7000 bucks knowingly so that my loan papers would go thru smoothly. this was in april 2006. not sure if rules @ UTI have changed now.

    best regards

    Comment by Sunil K — April 29, 2007 @ 9:31 am | Reply

  195. Hi – this is really informative. I wanted to know any experiences with Shriram Properties. I am planning to buy a ready to move in new flat. Please share your experiences with this builder. Thanks

    Comment by Hari — April 30, 2007 @ 6:12 am | Reply

  196. Planning to go for flat in vijaya bank layout (At Bannergutta Road)
    what should be the rate per Sq.Ft?

    Comment by Durgesh Sakhare — April 30, 2007 @ 12:10 pm | Reply

  197. Can someone share the feebback about Esteem Developer in Bangalore

    Comment by Priya — May 3, 2007 @ 4:14 am | Reply

  198. Hi,

    The blog is very useful..Thanks for all those who have contributed, and special thanks to Manish Bansal.

    I have booked a flat in Puravankara Swanlake, in OMR, Chennai. I would lik to know if anyone booked flats in the same project.

    Thanks
    Sankar

    Comment by Sankar — May 3, 2007 @ 9:29 am | Reply

  199. Hi All,

    Can someone share the feebback on Reddy Structures, they are coming with apartments by name “Mahaveer”.

    I am planning to buy one apartment in Hudi, Whitefield.

    Regards,

    Rahul.

    Comment by Rahul — May 6, 2007 @ 5:28 am | Reply

  200. Hi Manish and other folks – I am planning to buy a 3 yr old apartment (not a resale, the builder did not sell it earlier because of approval issues, which are sorted out now) in Bangalore. While inspecting the house, I noticed signs of water seepage on the wall near the Bedroom window. I have then thoroughly checked the house and did not find it in any other place. I’d like to know if this is an issue for which I should back out from buying the apmt? What are the corrective measures that one can take, and how reliable are they? What are hte chances of this not occuring again once I do some repair work. Any words of wisdom wud be of great help. Tks

    Comment by Hari — May 7, 2007 @ 7:43 am | Reply

  201. folks,

    Any clue about Adarsh developers’ new site (Adarsh Palm Retreat) coming up behind Intel.

    Adarsh is selling its 3 BHK (7th floor) apptms at Rs. 3500 per sqft. Is this a typical on-oing rate ? What is the upside one should expect over a 3-5 year period ?

    Pls note, adarsh is claiming that BDA approval is expected any moment. they further claim that the posession will be made after 22 months from the BDA approval.

    Thanks & Regards,
    Amit

    Comment by Amit — May 7, 2007 @ 8:40 am | Reply

  202. Can you give me the details of loan disbursed by each bank with interest rate till date for my research work as iam preparing Project Report on Rela Estate at bangalore

    Comment by hema — May 8, 2007 @ 7:30 am | Reply

  203. You all should visit http://groups.msn.com/bdasites/general.msnw

    Comment by shiv — May 8, 2007 @ 8:42 am | Reply

  204. Comment by Hari — April 30, 2007 @ 6:12 am

    Hari,

    I strongly advice you not to buy flats from Shriram properties. Their construction quality is exteremely poor. The ceiling inside my bathroom started leaking within one month of hand-over. we approched the builder during warranty period and he was not finding the right solution. his engineers were just painting my ceiling several times and was telling the problem was fixed. this went on for 5-6 months after i was forced to go to consumer court to get justice. as usual the court passed very weak orders (for obvious reasons) without any timelines. the builder never appeared again to see me. for want of time i didnt appeal further.
    All these happened between Sep 05 and Mar 06. And the problem still exists! in my flat. now struggling with a non-cooperative neighbour. This is not only happening in my apartment, several residents are suffering from similar problems. i can say atleast 35 flats out of 96 flats that were built has this problem.

    I strongly urge you to drop the plan of taking a ready-built shit (excuse me) from shriram properties. If possible warn others potential preys.

    -sundar

    Comment by sundar — May 10, 2007 @ 10:24 am | Reply

  205. I want to share my bad experience with Ittina which I had exactly one year before. I like their Anai Project (kempapura village, near by logica nad bellandur). The plan is good. Quality of construction was also good. I have given my options and they mentioned the apartments that are available. Based on that I chose one of them. I booked the apartment and deposited the amount by breaking all my FDs (it incurred me a loss of 55K as they were supposed to mature this year). I took all legal docs for lawyear’s scrutiny. Shown the property to my expert friends for their comments. All of them liked it. In fact some of them commented that the construction quality was as good as purva’s or sobha’s. After the legal scrutiny I decided to have sale agreement. While discussion on the draft sale agreement I found most of the clauses are one sided. The person whom I was dealing with was very reluctant and rude while pointing out the same. Once we I signed the sale agreement, it has gone for the director’s signature. Started waiting… 30 mins… 1 hr… 2 hrs… after 2.5 hrs. the person came back with a smile ‘Well Mr X, there is a small change. The flat you have chosen has already been identified for service apartment. We can not give it to you.’ That definitely sparked the argument. He was never apologetic on why that apartment has been given as one option to me. He started giving me very limited options which I did not like. After a few days I again visited with couple of my well wishers. We bashed them left and right. At last they wanted to explore some other option which has already been booked!! After few days they informed me that option did not work out and advised me to collect the booking amount. A few days later a report was published in TOI 2nd page where BDA (or Blore muni. I can remember exactly) has cautioned the buyers to double check before purchasing any property from ittina as two of their properties having legal issues with Land. I thanked god – 40 lacs is worthier than 55 K.

    Never ever purchase any property from Ittina. After having this incident I started generalising – builders and p*mps dont have any difference.

    Comment by PM — May 10, 2007 @ 11:22 am | Reply

  206. Hi, Any idea abt the builder DS Max?

    Comment by PM — May 10, 2007 @ 11:34 am | Reply

  207. Hi,
    I went through the article and the other discussions. It is quite good. I want to make some general comments based on my knowledge and exp.
    In my opinion NCC is good builder, so I also bought a flat in Maple Heights in pre-launch offer for 2000 per sft. It took long time to start the project, but I had confidence in NCC so I waited for the project to start.
    Before I booked a flat in the Maple Heights I booked in Esteem project (Next to Esteem towers). He took really long time to start and he use to give me some random answers for the delay and since there was no written price on the paper, he increased the price orally. So I backed out from there and one good thing is I got my money back completely with out any hassles or delay.
    Mahaveer by Reddy construction is good by my knowledge. Since I also thought of booking a flat in the HSR Layout, but I got more interested in the Maple Heights, may be because of it is from NCC and adjacent to ORR. Couple of my friends booked there and recently moved there and they are happy.
    One last suggestion is, go for a reputed builder even if it is bit expensive. In our busy life, we don’t have time to run behind the builders for each and every small thing we need.
    Good luck to all new buyers.

    Luv,
    Bala.

    Comment by Bala — May 10, 2007 @ 9:17 pm | Reply

  208. Correction to #206, Sorry it is not Esteem Towers. I forgot the name, it is in JP nagar. My friend bought there. Construction is good, but most of other amneties seems to be still pending. It is now nearly 3 to 4 years, since he bought the house and moved there.

    Comment by Bala — May 11, 2007 @ 6:02 pm | Reply

  209. Hi Manish,

    I am planning to purchase an apartment with a builder called “Innovative Constructions”. Looks like he has only a 2 or 3 projects in Bangalore and a beginner in this business. The one I am pursuing is in Krishnam Palya (near NGEF). He claims that he can give me the site plan and the approval documents only if I pay 50K and do a sale agreement. Moreover he says that he has got approval for G+3 floors. But when I visited the place, it has G+4 floors where ground floor is for car park on road level. Will this be a valid plan as per the approval? Please let me know as I have around 2 or 3 days left to decide.

    Many Thanks,
    Harish

    Comment by Harish — May 12, 2007 @ 5:02 pm | Reply

  210. hi,
    Please if anyone could let me know how good are Alpine builders. I am planning to buy a flat in Alpine Eco on Marathalli road. He is claiming it to be completed in living conditions by July ( what does living condition mean). He says the promised amenities would be completely by december. According to him the sales agreement would have a clause of penalty if the possession is not given but there is no such agreement for the amenities.
    Could you also let me know the /sqft cost for that area
    thanks
    Ashish

    Comment by ashish — May 14, 2007 @ 10:52 am | Reply

    • i will say in just one line pls, don’t buy any Flat in Alpine Eco or any other Alpine project. am a sufferer and there was no one to warn me

      Comment by Anonymous — March 8, 2010 @ 1:15 pm | Reply

  211. dear sir,
    i regitered a flat near electronic city on 15-03-07

    the original cost of the flat
    1103sq ft *RS1350 = Rs1489050
    car parking Rs 150000
    KEB RS 25000
    AMNITIES RS 100000
    regiteration actual
    THE REGISTERED VALUE AS PER REGITERATION IS 890000/= INCLUDING 330 SQ FT UNDIVIDED SHARE
    BUT THEY HAVE COLLECTEDAMOUNT FOR VAT AND SERVICE TAX
    AS PER THE BOOKING VALUE AND NO RECEIPT IS GIVEN TO ME.
    KINDLY INFORM WHETHER THEY ARE DOING AS PER PROCEDURE FOR COLLTION OF VAT AND SERVICE TAX.

    KINDL

    Comment by s.sritharan — May 16, 2007 @ 4:39 am | Reply

    • Did you resolve the issue of registration, I am in the same situation without solution.

      Comment by manisha — February 1, 2010 @ 5:22 pm | Reply

  212. I need to know when a builder commits possession with all amenities and charges a premium for it and then makes alterations to it ?What support can be taken from the legal / consumer court point of view ?We were charged Rs.600 above the existing rate due to the flat being a premium one and till as on date the builder has not fulfilled any of his promises and can we book him for unfair practices and insisting on taking possession under poor living conditions,no amenities though fully paid for, no compensation for a delay of
    eighteen months.No committed deadline.

    Comment by Kumar — May 20, 2007 @ 3:10 am | Reply

  213. Hello,
    I purchased a flat in Bangalore and the registration is also completed.Now the Builder is asking for Rs.52,000/- for VAT which he did not tell Initially.In the Sale Deed which was given to me does not contain VAT amount.VAT goes to government right in that case it should be mentioned in Sale Deed.Do I need to pay VAT?Please clarify me

    Comment by Sarath — May 21, 2007 @ 11:28 am | Reply

  214. Hi Sunil,
    Thanks a lot for the information regarding UTI Bank.

    Comment by Shankar — May 24, 2007 @ 9:12 am | Reply

  215. Anybody taken an Apt in SJR equinox in elctronic city phase I. Lets share our experiences.

    Comment by gauvas1 — May 25, 2007 @ 12:22 pm | Reply

  216. Hi,

    Can any one tell me if there is any receipt of the relevant government department for the amount of VAT and the Registration Cost paid to the builder.

    Ashish

    Comment by Ashish — May 26, 2007 @ 4:46 pm | Reply

  217. I am Thinking about buying a apartment in HSR layout and was considering Sobha Daffodil. Has anyone bought apartment in “Sobha Daffodil”? Before buying from sobha I wanted to get some feedback from previous owners. Anyone knows how is the area around Sobha daffodil?

    Comment by neelkamal — May 26, 2007 @ 11:47 pm | Reply

  218. Dear All,
    I found this very informative.I am planning to invest in a flat in Alpine Eco.Its in marathahalli ORR.Can anybody share their experiences with this builder, their quality of construction etc

    Comment by Anonymous — May 28, 2007 @ 10:51 am | Reply

  219. This is in response to comment no.218 by anonymous.. I dont know about alpine eco. But, if you are thinking of marathahalli ORR, nagarjuna maple heights is the best bet, because of their quality of construction, previous experience, timely completion. The main thing about them, which i have my own experience is that, they are very reasonable, and they dont read between the lines, or small prints. They are very just and reasonable.

    Comment by anonymous — May 28, 2007 @ 6:10 pm | Reply

  220. Hi

    Can anyone given input of ‘SKYLINE Constructions’ in Bangalore

    Regards
    Nilabja

    Comment by Nilabja — May 30, 2007 @ 6:48 am | Reply

  221. Dear All

    i am confused to do what now about future, i am bangalorean have a small family in Bangalore in rented house , monthly income is 30k, now which is better to invest, should i go for Plot in Apartment in the City or extension, OR should i take Land outside City Or Should i take land in city and contruct or should should i buy second hand home, pls suggest which is the better option with good reasons. what you would have done for these, it is better to invest or stay in rented houses.

    Comment by Maan — June 1, 2007 @ 12:34 pm | Reply

  222. Hi

    Can anyone given input of ‘HINDUJA HOLDINGS’in Bangalore.

    http://www.hindujaholdings.com

    They launched a project in Bannerghatta Road

    Any information will be highly appreciated.

    Regards
    Nilabja

    Comment by NILABJA — June 4, 2007 @ 5:35 am | Reply

  223. —In response to comment #207
    Hi Bala,

    Do you mean your friends are in Mahaveer Seasons- HSR layout. Any idea of the amount they paid for their flats and what is their feedback on the flat and the surrounding area?

    Regards
    ju

    Comment by ju — June 4, 2007 @ 12:23 pm | Reply

  224. Current and potential buyers of Adarsh Palm Retreat Villa/Apartment in Outer Ring Road Bangalore, please join

    http://groups.yahoo.com/group/adarshpalmretreat_blr/

    for the latest status of this project.

    Spread the word.

    Regards,

    Comment by Andy — June 6, 2007 @ 12:21 pm | Reply

  225. one moment please!

    Comment by PPC MAFIA — June 8, 2007 @ 4:21 pm | Reply

  226. Hi Guys,
    Thanks for your valuable inputs. I too have booked an appt in NCC Maple Heights. Would like to know my would be neighbours in this list. Please do post your views about this project. Any idea about when the Phase II will be launched?

    Comment by Ravi — June 8, 2007 @ 5:58 pm | Reply

  227. hi,

    SOBHA DAFFODIL located at HSR layout – Does anyone know if investing here is worth it or better a pass?

    Any honest guidance is really appreciated…
    Thanks!

    – Mr.D C M

    Comment by Mr.D C M — June 11, 2007 @ 11:52 am | Reply

  228. Hi,
    Thanks for sharing the bad experience with Ittina (No: 205)

    Actually i was planning to buy an appartment there costing 35lakhs in ittina anai kempa pura.

    Comment by Bobi Paul — June 12, 2007 @ 12:38 pm | Reply

  229. Hi Guys,

    Do not buy from Alpine group. Some of my friends told, he constructed an apartment in Jaya Nagar and the quality of the construction, doors, windows is not good. Owners complained about the quality but none of them addressed by alpine, now issue is in the court now. 3/4 years back, alpine had launched a project near to Brookfields/kundanahalli circle but it was stopped, and no construction started so far. Still People can find the Alpine Name on the wall of the site location.

    Comment by Rohit — June 12, 2007 @ 1:48 pm | Reply

  230. Hi,

    What r the current SFT prices of apartments located on ORR between KR Puram and Sarjapur Road? Any information? What is the price of NCC Maple Heights?

    Comment by Shashank — June 12, 2007 @ 1:56 pm | Reply

  231. Looking for a agency/person who can help me with Khata transfer of a plot I bought.

    Comment by Sanjiv — June 12, 2007 @ 7:14 pm | Reply

  232. Hi,
    I saw lot of posts regarding the VAT & ST and posting a similar one (which was not answered)

    I had booked an apartment with ITTINA Group in Jun2005 and had done the registration by July 2005. 90% of the payment were made by 2005 itself (with the bank evaluation againist construction progress)

    Now the builder is demanding for 3.5L towards VAT & ST, which he was not informed me till then. The builder says that my final bill will not show this amount as the VAT & ST (but he will pay the goverment for all aprtments at once). He is not ready to give the possesion till this additional amount is settled.

    My questions:
    1) Isn’t the VAT applicable for the amount that were paid after June2006? (the VAT implementation date?), provided the amount paid before 2006 indicates the completion of some portion of the apartment?
    2) Is it safe to provide the amount to the builder, without getting a receipt with the VAT breakup?
    3) If am not really suppose to pay 3.5L as the VAT, how should I approach this builder (being a NRI, how can I do this?). Can anyone give some reference to a Lawyer / Contacts to consumer court?

    Thanks,
    Kumar

    Comment by Senthil — June 13, 2007 @ 1:47 pm | Reply

  233. Hi,

    I am planning to purchase an apartment from a builder. This apartment project was already given to owners 2 years back. Builder has kept some apartments which he is selling now.
    He has all the papers like parent deed,joint development deed, BDA approval,sanctioned plan etc. around 150 families living in their registered apartment with all facilities.
    Now the issue is..the builder does not have Occupancy certificate for the project.

    I have couple of questions.

    1. what are the implications if Occupancy certificate is not there?
    2. any issues with registration & Khata due to non availability of occupancy certificate?
    3. Since the said flat is with builder,he says there is no registartion or Khata to that flat. is there any way to check that whether it was already registered?

    Comment by Babu — June 13, 2007 @ 1:54 pm | Reply

  234. Hi Shashank, this is with reference to your comment No.230. The price per SFT on ORR between marathahalli and Sarjapur road have already reached their peak. In my knowledge, they are in the range of above Rs.3500/- per sft. Now, on the same road, the stretch between marathahalli and KR Puram cable bridge is developing fast. The present rate of Nagarjuna Maple Heights is Rs.3090/- per sft. But, I know, some genuine buyers have been given at Rs.3040/-. This is for your info. I too have booked a flat there, but not now, when the price was 2590/-. All the best.

    Comment by vivek — June 15, 2007 @ 2:25 pm | Reply

    • Hi Vivek,

      Just want to know that you or any of your friend having flat in Maple heights want to seel it. i am looking for a 3bhk in phase-1. send me a mail if you have any infor on this.
      Thanks in advance.
      Neelesh

      Comment by Neelesh — April 27, 2009 @ 8:45 am | Reply

  235. Any idea about the current propety rates in HSR extension .. lots of aprtments are coming there, like, Sobha Daffodils, ND Olivia, Sai Poorna Heights etc…

    Comment by Naveen — June 16, 2007 @ 11:27 am | Reply

  236. Hi

    One of my friend booked a flat (7 flats in total in the apartment)in the area between Outer Ring road and KR Puram bridge(B.Narayanapura), 1km from DRDO quarters.He booked it for a price of Rs.1900.The apartment does not have swimming pool,kids play area.
    I am planning to take a flat there. Can any one suggest if the price is OK?
    Thanks.

    Comment by Venkat — June 16, 2007 @ 5:23 pm | Reply

  237. How is the location between ORR and KR puram bridge?

    Comment by Venkat — June 16, 2007 @ 5:26 pm | Reply

  238. Hi … I was planning on investing in an apartment at Sahakar Nagar/ Canara Bank Layout – a project by Alpine Housing. Can folks tell me anything about this builder – quality of construction etc?

    Comment by anand — June 17, 2007 @ 3:11 am | Reply

  239. Hi Venkat, The pricing of any apartment depends not only on the location, but the reputation of the builder, timely completion, materials used, infrastructure provided, fittings, etc. etc. Even though your price of Rs.1900/- per sft looks attractive compared to other builders in the same locality, please look into other aspects also as mentioned above. More over, if there are only 7 flats in the building, the maintenance like security, etc is also more since it has to be divided amongst fewer number of flat owners. Sometime back, one of the comments was that, it is better to book at a reputed builder by paying more, rather than settle down for a lesser quality substance..

    Comment by anonymous — June 17, 2007 @ 5:44 am | Reply

  240. Hi,

    I am planning to book a flat in Nitesh Forest Hills which is situated in Whitefield. Is any one aware of this? suggestions/advice would be very helpfull.
    -Hari

    Comment by Hari — June 19, 2007 @ 8:51 am | Reply

    • Hi ..did u buy flat in forest hills?
      because I am planning for flat in flushing meadows .. just wanted to know whether they delay project and if yes .. by how much time?

      Comment by Ashish — March 8, 2010 @ 11:02 am | Reply

      • Hi Ashish,

        I have seen that you had posted this few weeks before.Have you gone ahead with Flushing meadows as i am interested in the above project and any advice would be valuable to me.

        Comment by Mathew — March 26, 2010 @ 12:16 pm | Reply

      • We’ve decided to go for this but scared about the clauses, few are as below. Verbally they says you don’t need to pay additional cost if there will be difference in superbuil up area in future but not ready to remove this caluse. Second they can built additional floors anytime, requested them to just add “then can add but after approval from BDA” , they are not ready.
        So, decided to not to take unnecessary risk. Their Marketing executive was very rude she said” she is willing to cancel our booking as we are quering lots of thing as she has another NRI buyers, so take it or go away”

        Clauses.
        The Purchaser admits and acknowledges that, at this stage, the total area of the Schedule C Property, as mentioned in the Schedule C hereinbelow, is approximate and that the actual measurements may differ marginally upon completion of the construction. In the event of there being any increase in the Super Built Up Area of the Schedule C Property, the Purchaser agrees to, forthwith prior to the execution of the Sale Deed in his / her favour, pay up the difference in the costs to the Developer.

        The Developer continues to own and retain the right to further develop the Schedule A Property by the inclusion of one or more additional floors / apartments either at the top of the proposed buildings or in any part thereof.

        Comment by AS — April 15, 2010 @ 10:51 am | Reply

        • Did you finally buy? I’m impressed with Flushing Meadows Apartment!

          Comment by Vikas — June 14, 2010 @ 12:06 am | Reply

  241. Hi,

    Is anyone considering purchasing an apartment in the Hinduja Lake From project, by Hinduja holdings on Bannergattha Road / or the Salarpuria Symphony project on Hosur road ?

    Would really appreciate your feedback/suggestions on these projects.

    Many Thanks
    Poornima

    Comment by Poornima — June 19, 2007 @ 10:39 am | Reply

  242. hi,

    I purchased a flat from Ittina mahavir and did registration. They constructed 2 more floors without approval and now BDA is not approving the new plan. There is a court case going on and if the verdict is not to appove the project, they will demolish it. What i wanted to know is in cases like this, the whole flat will be demolished or only the 2 floors for which they dont have approval will be demolished?

    If you have nay idea on this pls help me as i am in a desperate situation.

    Thanks,
    Chitra

    Comment by Anonymous — June 22, 2007 @ 5:32 am | Reply

  243. for 235 – check for the garbage dump and compost factory near the sobha daffodils in HSR 2nd sector.it has a smell all over that place.they tell that its going to be removed from HSR in a few months time.please check b4 u buy.

    Comment by ads — June 24, 2007 @ 7:09 am | Reply

    • HOW ABOUT SOBHA CINNAMON location . Planning to buy there. construction seems to be fast

      Comment by Ramesh — October 14, 2010 @ 8:28 pm | Reply

  244. sobha daffodil + nagarjuna stuff+ purva(which is heavenly charging for 3400 3600 for hsr layour property) – just stay away from that place as there is massive garbage dump and health problems aplenty.

    Comment by govindkanshi — June 25, 2007 @ 7:24 am | Reply

  245. […] buying an apartment I found the tips today and quite liked it. No Comments Leave a Commenttrackback addressThere was an error with […]

    Pingback by Daily life chores - buying an apartment, real fuel efficiency « Yet another blog again — June 25, 2007 @ 11:48 am | Reply

  246. Hi, I am planning to book an apartment of ITTINA Anai at kempapura village. The total cost inclusive of everything (registration, taxes etc.) is 33 lacs for 1335 sq ft. Is it ok to buy this? Is this legal? How do one verify the legality of the site? Secondly, Belandur lake is just 300 meters away and the stench close to the lake is unbearable. How is the pollution in the lake now? Will a flood in the lake affect ITTINA Anai?

    Comment by Kevin — June 25, 2007 @ 5:50 pm | Reply

  247. Hello all, Do not buy any property from Alpine Builders, most of their projects are of poor quality. Also apparently, their project in whitefield is stalled due to some BDA related issues & notifications. Their other big project called ECO on outerringroad is delayed and now the builder talks about providing it in livable condition and all attempts to contact the ppl involved is futile. Absolutely no professionalism shown after you have paid your money!!

    MY ADVICE………NEVER INVEST IN ALPINE BUILDERS………

    Comment by HK007 — June 26, 2007 @ 8:49 am | Reply

  248. http://groups.yahoo.com/group/salarpuria-symphony/ is the URL for Salarpuria Symphony yahoo group.

    Comment by Ashok — June 27, 2007 @ 1:44 pm | Reply

  249. I am very much impressed by the many comments which have appeared here. I seek advise from friends having knowledge about this area Yelahanka as I am planning to buy a two bedroom flat there. I am interested in project called `Nagarjuna Meadows` by Nagarjuna const.co. which is coming up almost next to Prestige Monte carlo, near to Ramanashree Resorts, Doddaballapur road, yelahanka.. The price they are quoting is 2590/- per sq.ft. Is this the right price, how about this location??

    Comment by vishal Pai — June 27, 2007 @ 2:48 pm | Reply

  250. Planning to book a flat a Esteem Royale. Anyone has any idea of this builder or project?

    Comment by som — June 28, 2007 @ 2:03 pm | Reply

    • Even I am interested in booking the same. Wats the price he has quoted you ? I was able to bring it down to 3400 per sq ft.

      Comment by Punith — June 12, 2009 @ 6:16 am | Reply

  251. Does any one have any idea about Akme as a builder? How are there two projects Harmony and Ballet going on? They are launching Encore? Any feedback would be welcome

    Comment by Manoj — June 29, 2007 @ 4:10 am | Reply

    • most pathetic project…….never get cheated by this builder.its just 2 months since handover of after wait of 5 long years and already walls have seepage, worst construction quality and cheapest ever material used…doors,door handles etc are so pathetic.still the project is not complete with phase -1 and amenities to be handed over to customers..it will take another 1-2years .
      just don’t trust me blindly ….see for urself…make sure u check the walls in apartment …none of the apartmentt in the complex has straight walls at 90 degrees. never get cheated with this builder…he is a big crap and their managment is having deff ears….no on cares about ur hard earned money.

      already everyone paid a premium to buy this property and strgulled for long 5 years and got the worst ever apartment.

      Comment by reji — September 6, 2012 @ 4:46 pm | Reply

  252. Hi,
    Can some one provide me a suggession for my problem.

    I bought a 5 year old flat in Malleswaram. But I have a open parking there, which is basically not a fixed parking. But some of the other flat in the aprtments have their own garage parking.

    My question is can I buy a garage parking from other flat owners if they are ready to sell one.
    Is it allowed for them to sell the car parking alone?

    Please advice.

    Thanks
    Srini

    Comment by Srini — June 30, 2007 @ 6:55 pm | Reply

  253. Hi

    Can anyone suggest me about the Oceanus Monarda project off Sarjapur Road ? It would be helpful for me if I get some info on their (builder) legal issues, if any, and how is that area ?
    The builder is quoting a price of 2250 per sq feet. Please suggest on this as well.

    Thanks
    Sarfaraz

    Comment by Sarfaraz — July 2, 2007 @ 6:26 pm | Reply

  254. Hi,
    whatz the ongoing rate/sqft in hoodi cirlce/brookfields area…is it worth buying a flat in this area…

    SK

    Comment by SK — July 3, 2007 @ 12:01 pm | Reply

  255. Hi,

    http://www.reliancedevelopers.com/

    iam looking to buy a flat in them, they seem a small time builder, any idea how good the reputation of the builder is.?
    Iam not really looking in some flat with all those ‘amenities’ etc which come with big builders n also for thier reputation we have to pay high prices. so considering this iam exploring some small time builders who quote descent price without all these ‘amenities’. So i shud be very careful on the repuation of the builder

    suggestions
    thanks:)

    Comment by Prathap — July 8, 2007 @ 3:02 pm | Reply

  256. Hi,

    I have booked a flat in SLS Serenity near Innovative Multiplex. The project is BDA approved and approved by banks like HDFC, LIC Housing etc.

    Now, when the banks have already approved the project, do I still need to check for the genuinety of documents etc? I like the apartments and the location but the only thing worrying me is that the builder is new and this is their first project in Bangalore.

    Please someone advice.

    Thanks.

    Surya

    Comment by Surya — July 9, 2007 @ 9:53 am | Reply

  257. Would like to know about gopalan grandeur in hoodi

    Comment by Sem — July 9, 2007 @ 12:28 pm | Reply

  258. im looking at buying a 2BHK apartment around Marathhalli/Brookfields/Sarjapur Rd area. My budget all inclusive is around 40L and I could wait for completion till Apr 2008. Can somebody suggest what are the options i have (if any in my budget)

    Comment by swami — July 10, 2007 @ 8:45 am | Reply

  259. Hello Manish,

    Would you like to share your knowledge on construction cost and land cost?
    When we go for a flat say of size 1200 sq feet at the rate of Rs.2000 per sf, 2000*1200 isn’t the basic cost of the flat? How will cost be calculated?

    I couldn’t understand from the above comment that 70% should be charged on the construction rate and 30% on the land rate.

    Thanks,

    Comment by Vineeta — July 11, 2007 @ 11:27 am | Reply

  260. Hi Shashank/Vivek,

    This is regarding comment 230 and 234. The rate as of today is 3090/- 2BHKs and 3 BHKs are available. 2 BHK + study are almost sold out. I had booked an apartment quite initlially when the rate was 1990/-. The status of construction is that the structure of all 3 towers is done and plastering is going on. Is going as per schedule as of now.

    There is also a group of individuals who have booked an apartment in Nagarjuna Maple heights called
    http://finance.groups.yahoo.com/group/nagarjunamapleheights

    Thanx

    Comment by Amit Jain — July 12, 2007 @ 8:20 am | Reply

  261. any idea how are http://www.shravanthigroup.com/ in terms of general quality?

    thanks

    Comment by Prathap — July 14, 2007 @ 1:39 am | Reply

  262. Any comments on CANOPY GROUP in general and their project CANOPY CALYX behind Nagavara lake?

    What is the going rate in that are?

    Thanks

    Comment by SRR — July 14, 2007 @ 2:13 pm | Reply

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    Comment by Nadeem — July 16, 2007 @ 10:32 am | Reply

  264. I am planning to buy a flat in bangalore somewhere near in Koramangala or banneragatta or kanakapura or sirjapure outer ring road. This should be near to whitefiled software companies. I have budget of 60 lakhs for 3 bed room flat. Please let me know the name of the good builders. Don’t want to buy high cost or low cost flat. Want to buy decent society flat with not much amenities but I like to see quality in construction and area should be good. I am new to bangalore. Please help me.

    Thanks,
    Lingaraj Patil

    Comment by Lingaraj Patil — July 16, 2007 @ 11:46 pm | Reply

  265. Also let me know the average rate per square feet in these areas.

    Thanks a lot,
    Lingaraj

    Comment by Lingaraj Patil — July 16, 2007 @ 11:48 pm | Reply

  266. What is the quality of construction by Reddy Structures Ltd. I saw Mahaveer Tuscan. Any comments on the same is welcome

    Comment by Mohan — July 17, 2007 @ 10:40 am | Reply

  267. This is in response to #215 by gauvas1. Yes I have booked one in SJR Equinox and have been trying to connect with others who have done so.
    Can you write to me at ggandhi at gmail dot com and we can connect offline?

    Comment by Gagan — July 18, 2007 @ 5:36 am | Reply

  268. Hi Everyone,

    I am thinking of Booking a flat with Oceanus Monarda, aparently it seems to be a value for money,the buiders last quote is around 2250/sqft.

    Can someone please reply with some suggestion.

    Sarfaraz, I understand you are also interested in the same project, did you get some info about this builder

    Thanks
    Aniruddha

    Comment by Aniruddha — July 18, 2007 @ 12:11 pm | Reply

  269. Hi all,
    I am planning to go for an Apartment in Ashoka Windows,in Malleshpalya near CV Raman Nagar@1950.sq ft – constructed by Frontline Builders. Any reviews or anyone who has/plans to go for the same please contact mk_mercedesin@yahoo.co.in

    Is the price good for that locality? Is the builder reliable? Appreciate your thoughts

    Comment by Mohan — July 18, 2007 @ 2:53 pm | Reply

  270. Hi Kevin, and all others who have / tried purchasing Ittina Anai. I am thinking of investing in the same .. just wanted to knw ur opinion before i take suchh a heavy step..

    Comment by Prasanth — July 19, 2007 @ 5:32 am | Reply

  271. Any idea how is sneha group builders regarding their quality and rate. Are they good builders??

    Here is the web site http://www.snehagroupindia.com/

    Comment by Lingaraj — July 22, 2007 @ 5:40 am | Reply

  272. Hi

    Very informative comments. Am planning to book a flat in Mahaveer Dazzle in Hoodi, Whitefield. Any honest opnions abt the builder, quality of construction etc will be appreciated. Also, what is the going rate in that area?

    Comment by Seema — July 22, 2007 @ 5:02 pm | Reply

  273. Hi Kevin, prashant and everyone else who are planning to buy or have bought ITTINA ANAI. I have already invested in them. Have read a lot of negative stuff about ittina of late on the net. But my registration is done and so far so good. They have completed 75% and they have promised possession in December, maybe even earlier. What do you people think? and anyone who has had bad experiences on this particular project with them pl tell.

    Comment by meera — July 23, 2007 @ 12:44 pm | Reply

  274. Hi,
    Any feedback about Gopalan Grandeur in Hoodi circle.I am planning to buy and the rate what they are quoting is 2600/sqft, Is it reasonable

    Comment by sharmi — July 24, 2007 @ 8:36 am | Reply

  275. Mahaveer Tuscan is an ok kinda apt…Not much fancy things you can expect from this builder…exp is neither bad nor good..

    Comment by uma — July 24, 2007 @ 10:41 am | Reply

  276. Hi,

    Any feedback about Ittina Souparnika in Sarjapur road.Iam planning to buy one flat on re-sale.Its 3.5 year old flat.

    Comment by Jayachandran — July 24, 2007 @ 11:28 am | Reply

  277. Hi,

    Any feedback about Gopalan Jewels in Kanankapura Road.I am planning to buy and the rate what they are quoting is 2400/sqft, Is it reasonable?

    Pl. suggest.

    Advance Thanks to All.

    Comment by Padma — July 24, 2007 @ 12:18 pm | Reply

  278. Hi Manish

    We are planning to buy a 3BHK of ITTINA Abha near Marathahalli Bridge. Total cost inclusive of everything (registration, taxes etc.) is Rs.38L for 1410 sq ft. We’ve already paid part of Adv. amount.

    We’d like to know, whether it’s ok to buy this?
    Is there any legal problem? Is there any problem with BDA?
    Have major banks/housing finance co.s like ICICI, SBI, HDFC, LIC Housing etc approved their projects?
    I’ve come across so many bad comments about this builder – howver there’s been no comments about Abha.
    Hope to hear from you.. also from any other Abha owners.. Pl shelp out

    rgds

    Comment by Bless — July 24, 2007 @ 1:46 pm | Reply

  279. I am planning to buy a flat in Mahaveer Tuscan, Hoodi circle. Can somebody please provide me the details of registration, stamp duty and VAT as on today.

    Comment by Murugesan — July 25, 2007 @ 11:26 am | Reply

  280. Manish:

    I am planning to buy a penthouse 4100 sq ft in Prestige Shantiniketan for Rs 3700 per square feet. Is this a good price? Do you know when will this project be ready for move in?

    Also I am interested to buy land for investment, any ideas where I can invest. New to Bangalore, your help is really appreciated.

    Thanks

    Comment by Jogi — July 25, 2007 @ 3:53 pm | Reply

    • Hey Manish,

      I just found this post today.

      Did you eventually invest in PSN.? I am curious to know your experiences if you did.

      Also, any specifics if you did not.

      Thanks.

      V.A

      Comment by V.Arora — July 26, 2009 @ 4:24 pm | Reply

  281. Hi Manish

    Hope to hear your views reg our plan to buy a 3BHK in ITTINA Abha project.

    Any Ittina owners (incld Abha) out there..pls help out.. your feedback will help us greatly

    rgds

    Comment by Bless — July 25, 2007 @ 4:43 pm | Reply

  282. This is regarding Question No. 274
    In hoodi circle, the current rate is 1800/ Sqft. Please compare both the builders and deceide the best.

    Comment by Mohan — July 27, 2007 @ 4:08 am | Reply

  283. Hi Manish,

    Your comment / reply / feedback on 277 is appreciated.

    Also couple of feedback about the builder too.

    Thanks

    Comment by Padma — July 27, 2007 @ 4:31 am | Reply

  284. Hi Padma,
    I do not know anything about new and upcoming projects. But what I can tell about Gopalan Jewels is that the asking price of 2400/- seems right. I got my apartment for 2100/- one year back. So a price of 2400/- today is completely in line with the property value appreciation trends.

    Comment by Manish Bansal — July 27, 2007 @ 11:10 am | Reply

  285. Hi All,

    Good to see so many reviews about various property holdings in bangalore. I am keen on a review of the Alpine Builders, as i am looking at investing in their new project Alpine Pyramid in Sahakar Nagar/Canara Bank layout.

    If any of you have had any issues with the builder, please provide your valuable information.

    Thank you!
    Vandana

    Comment by Vandana — July 27, 2007 @ 11:59 am | Reply

  286. Hi Manish/All

    Req you to pls give your views / feedback reg # 278.

    rgds
    Bless

    Comment by Bless — July 28, 2007 @ 6:12 am | Reply

  287. Hi All

    I have few queries reg Housing Loan –

    – Currently it’s better to go for Floating option, since Interest rates are pretty high now, isn’t it?

    – One should be more worried about per lac EMI & not just interest rates, no?

    – Which all main Banks/Housing Finance Cos. provide a Step-up EMI option?

    – Is there any interest rate diff. between Step-up & normal Floating option?

    – What’s the max loan tenure for ICICI / HDFC /Nationalised Banks / LIC Housing / BHW – 20 years or 25 years?
    (my YoB is ’73 & the co-applicant’s DoB is ’78)

    – What’s the per Lac EMI – at current floating rate for 20 years & for 25 years (if it’s available)?

    – At Current rates, per Lac EMI & Loan Tenure, which Bank/Housing Finance Co. will be a better option?

    – Could you pls clarify as to what are the components that come under “Property Value”?
    [ie like Tot Value for Super Built-up area, Amenities, KEB & BWSSB charges, Registration etc]

    – Will the applicable Taxes (ST, VAT, Prop. Tax etc) be considered in calculating Property Value/Loan Calculation?

    – Is there any thumbrule used by Banks in calculating max loan amount eligible
    [ Apart from the Take Home for the Co-applicants, do they incld. Incentives, TA, DA, Perf. Bonuses, LTA, Med Allowances etc? ]

    Hope to get these clarified soon

    thanks
    PC Koshy

    Comment by PC Koshy — July 28, 2007 @ 6:25 am | Reply

  288. Hinduja Lake Front View,the worst unethical builder in town.Better look for more trusted names in the market.The owner is a bloody cheat, will suck money leech.

    Comment by Paladi Srinivas — July 29, 2007 @ 4:59 am | Reply

  289. Hi Amit Jain, Thank you for your comment #260. I have already joined the group on 27th. Hoping to meet you soon at maple heights…Regards, Vivek.

    Comment by vivek — July 29, 2007 @ 9:47 am | Reply

  290. I have booked a flat with a builder at Outer Ring Road. The property falls under under CMC. I got all the papers from the builder and it turned out that the builder has constructed more than twice than that of approved plan.
    I liked the flat, one of good ones that I have seen till now, but I am not very confident of buying it.
    If anybody has any comments or advice please let me know. Thanks in advance for any help. I need a advice very soon, time is running out for me.

    Comment by Ritam — July 29, 2007 @ 5:22 pm | Reply

  291. any comments on rohan jharoka

    Comment by mohan — July 29, 2007 @ 7:00 pm | Reply

  292. Hi Manish,

    Thanks for your comment. Good to know that you have booked it too. Which block did you book for?

    Is there any separate group for Gopalan Jewels?

    Comment by Padma — July 30, 2007 @ 5:57 am | Reply

  293. Hi Sharmi,

    The rate for gopalan grandeur is 2400 not 2600. We are still verifiying the legal docs.

    Comment by tam — July 30, 2007 @ 6:10 am | Reply

  294. hi,
    Do anyone have purchased with ‘Skyline Constructions’ .Kindly give me a feedback about them.Thanks in Advance.

    Comment by Hema — July 30, 2007 @ 8:13 am | Reply

  295. Hi, I booked a flat in Ittina Annai. The quality of work is good. And they have completed 75%. They told me that it will completed by Dec ’07. Is it worth to purchase?

    Comment by Satish — July 30, 2007 @ 9:10 am | Reply

  296. Hi Padma,
    I have booked my flat in Corcorde Midway City, not in Gopalan Jewels. Have you bought an apartment there or you are just thinking yet?

    Comment by Manish Bansal — July 30, 2007 @ 2:24 pm | Reply

  297. Hi surya,

    I wish to book a flat in SLS Serenity near Innovative Multiplex.
    Before booking i want to make sure genuinity of the builder since he is new and this is his first project in Bangalore.Could you give me some info regarding the same.

    Also if you dont mind could you let me know How much you paid /sqft.

    Manish you can also share some details.

    Thanks
    kiran

    Comment by Kiran — July 30, 2007 @ 2:27 pm | Reply

  298. hi Surya & Kiran,
    I am also planning to book a flat in SLS Serenity, i would also like to know about the builders quality of work and genunity.

    Kindly let me know the how much u paid per sqft.Your comments would be greatly appreciated.Thanks.

    Comment by Hema — July 31, 2007 @ 7:13 am | Reply

  299. Hi Manish / All

    Could you pls give me your views / feedback reg # 278.. it’d be a big help since we’re in a big dilemma to go ahead & pay up full amount.

    rgds
    Bless

    Comment by Bless — August 1, 2007 @ 4:08 pm | Reply

  300. Hi
    Can you pls.let me know about Frontline builders? they are quoting 3400 at RK Mutt Road. What is the reasonable price. Pls. suggest

    Comment by Syed — August 2, 2007 @ 8:26 am | Reply

  301. flat vs house, which is the best choice?

    Comment by jagz — August 2, 2007 @ 5:55 pm | Reply

  302. Hi Manish

    It is very informative.

    I am planning for a 2 BHK flat in Bannerghatta Road or JP Nagar 5th Phase for living purpose.

    Is this right time to buy a FLAT since already bank interest rates and flats rates high

    Please suggest.

    Thank you

    Comment by Yogesh — August 3, 2007 @ 7:22 am | Reply


  303. Click to join ittina_abha

    Comment by Ittina Abha Group — August 5, 2007 @ 3:56 pm | Reply

  304. Hi manish,

    just wondering why u have made no comments on ittina builders. actually let me put a lil differently. does one look at a builder in general while buying a place or a particular project that one would be interested in. Does one black mark mean a black mark generally or is that builder capable of better.

    Comment by meera — August 6, 2007 @ 10:12 am | Reply

  305. Hi
    Any comments on Q272 would be appreciated.

    Comment by Seema — August 6, 2007 @ 11:52 am | Reply

  306. Can any one tell me about LIC Housing loans. It’s good company or what?

    Comment by Satish — August 7, 2007 @ 6:11 am | Reply

  307. Hi Manish,

    This site is very useful and I found that I am more knowledgable than I was yesterday about the Real Estate related stuff!! Thank you.

    I have just visited the model flat in Goel Ganga’s vertica (Electronics City , Near to Wipro Gate 5). Project has just started. They are asking for 2600/sq ft now which I feel is too much for E City. In this project, a 3BHK will cost 50 + including all the associated charges. Is it worth in the E City area?

    Regards,
    Ajith

    Comment by Ajith Kumar — August 7, 2007 @ 2:48 pm | Reply

  308. Hi

    Does anybody have any experience with DSR constructions.
    any feedbck on their current projects

    Comment by Amit — August 8, 2007 @ 2:01 pm | Reply

  309. This regarding #296

    Hi Manish,

    I was on vacation.

    we are planning to book one apartment in Jewels.

    Hello All

    Any separate group for Gopalan – Jewels project?

    Thanks

    Comment by Padma — August 9, 2007 @ 11:05 am | Reply

  310. Hi Manish,

    This is in continuation to #309. In “Gopalan Jewels” neither in the brochure nor in the web site there is a mention of facilities / amenities like swimming pool, club house etc. whereas construction is in progress for club house i.e. in -1 floor & also space shown for swimming pool.

    All these facilities / amenities are NOT mentioned in web site as well as in brochure for “Gopalan Temple Trees” and other projects.

    On enquiring the answer is that yes we forgot to include. But this doesn’t seem to be a convincing answer. How can somebody forget to include facilitis which will attract Customers.

    Could it be a deviation? Or what else it could be? Any thoughts? What is the risk involved if it is a deviation.

    Thanks for your time in analyzing and answering to the queries.

    Comment by Padma — August 10, 2007 @ 11:51 am | Reply

  311. #310

    There is a typo eror… in #310

    All these facilities / amenities are mentioned in web site as well as in brochure for “Gopalan Temple Trees” and other projects.

    Comment by Padma — August 10, 2007 @ 11:54 am | Reply

  312. Would like to know if anybody have booked the flat in Kengeri Satellite town. What the present rate going in that area

    Comment by sum — August 14, 2007 @ 11:25 am | Reply

  313. Hi Guys, Please, don’t purchase any appartments from ITTINA Group. They cheat too much. Actually I booked one of the appratment in there current on going project. They booked it on my name and i paid advance booking amount. after 4 days i went to aks regarding Sale Agreement then they told that that appartment what I booked is sold to another person.
    So.. They can cheat at any leavel. So, Don’t go for ITTINA Appartments. Don’t struck your life long saving into this.
    PLZ DON’T PURCHASE ANY APPARTMENTS FROM ITTIA Group.

    Comment by Well Wisher — August 16, 2007 @ 8:00 am | Reply

  314. Can any one tell me what rates going on sites Yelahanka Road till Devabhalli?

    Comment by Satish — August 16, 2007 @ 8:03 am | Reply

  315. Hi Manish, Congrats to you.. Today, this web page is finishing one and half years of its existence. In these 18 months, it has helped so many people. Thanks once again.. All the best.

    Comment by vivek — August 20, 2007 @ 4:28 am | Reply

  316. Hi Manish,

    Your views on #310 & #311 is sincerely appreciated

    Regards
    Padma

    Comment by Padma — August 20, 2007 @ 4:56 am | Reply

  317. does anyone have any information on corporate leisure group. they have projects in sun city and one called euphoria nearing completion on sarjapur road opp trinity acres

    Comment by Priti — August 20, 2007 @ 5:19 am | Reply

  318. Has anyone booked an apartment in Gopalan Grandeur

    Comment by mselva — August 20, 2007 @ 8:19 am | Reply

  319. Hi All,

    My advise……..please do not belive on any advertisements given by frontline builders. Basically they are not the builders, they are just marketing people. These people talk as if they own those building but you will soon realize thats not the truth, but then you cant do anything if you have already invested.
    They do not know availability properly as they dont own any flat and will happily take money from you and it is very difficult to get that money back.
    These people might promise for 100% loan, but there is a one big trap behind it. They would show big amount to bank and get your 100% loan sanctioned………but you will end up paying too much to the bank. So please dont belive on such things. Lot of people have ha bad experience with them. They talk very sweetly but thats just to trap you. If you go on their website you will realize they are into everything but not specialized into anything……u know what that means.

    Comment by Suvarna Hegade — August 20, 2007 @ 9:47 pm | Reply

  320. Hi Hegade – Any specifice instance with Frontline?

    Comment by syed — August 21, 2007 @ 9:31 am | Reply

  321. Check this site to find more commnet and feedback about frontline builders.
    http://angraze.wordpress.com/2006/08/05/property-builders-in-bangalore/

    Comment by syed — August 21, 2007 @ 10:00 pm | Reply

  322. Hi,

    has anybody booked flat in Mahaveer Marvel?How is the construction and is the builder a reliable one?

    thanks.
    Ak

    Comment by Anonymous — August 22, 2007 @ 7:58 am | Reply

  323. FRONTLINE BUILDERS IS FRAUD

    Friends, I am a s/w professional , and got into trap with Frontline buiders , and lost money, my humble advise , plz dont go with them , they are not builders , but marketing company , for same flat they will make 3-4 guys to book , and in that flat mostly you will find some fault later, like in my case , 3BHK at Kagdaspura was illigally constructed as duplex by original builder, so when I came to know I applied for canncellation , and they dint refund me my money.

    They are simply cheaters , and many more people have been cheated by them , plz refrain from them and spread this word to all your friends , if you really want to buy in kagdaspura , check with actual builders there , and you will hear all these and more what I said about Frontline from Actual builders there.

    They are simply fake , spread this message to all your friends and save them too from being victim of fraud

    Comment by rajmohan reddy — August 22, 2007 @ 9:02 am | Reply

  324. Friends,

    I am planning to buy apartment in Ittina Akkala which is near to completion but have read a lot of bad things about the builder’s reputation. Can anybody tell me Is there any case pending against Ittina Akkala regarding land and approvals.Can anybody share his/her experience about Akkala?
    Thanks

    Comment by Amit — August 22, 2007 @ 5:59 pm | Reply

    • I am also planning to buy a pre-owned apartment from present owner at Ittina Akkala. I want to know if there is any legal issue pending with Ittina akkaly exclusively. There appears to be no such case. Every body seems to have sufferes with some other ittina projects and roping in Akkala’s name in general to support there cases.

      Comment by G.Bala — November 12, 2011 @ 1:13 pm | Reply

      • Bala – Do you mind letting us know the price of the apartment?

        Comment by Krishnan — November 14, 2011 @ 1:56 pm | Reply

        • 43 Lakhs

          Comment by G.Bala — November 14, 2011 @ 2:07 pm | Reply

  325. Hi
    Any inputs on Canopy Dwellings? Does anybody in this forum have any exp. of dealing with them?

    ana

    Comment by Ana — August 23, 2007 @ 11:29 am | Reply

  326. Any idean on Golden Blossom in whitefield from Golden gate properties?

    Comment by R — August 24, 2007 @ 6:52 am | Reply

  327. Hi

    Does anybody has any idea on Arattukulam Builders ? They have lot of projects going on. Some of them are on Hosur Road and some or Sarjapur Road.

    Comment by Satya — August 24, 2007 @ 1:34 pm | Reply

    • hai friends,
      i have a friend who bought a 3BHK at lake point tower from arattukulam developers and he and his family are very happy and satisfied with their flat. i was with him throughout the process and i can tell you that they can be trusted. now that i am married we have planned to buy our dream house from them because we are sure that it will be done by people who are experienced and who makes no compromise in any matter. so i suggest that you can vist their office at sarjapur road and i am sure you will not regret it. all the best.
      regards,
      kiran.

      Comment by kiran — September 26, 2009 @ 8:42 am | Reply

      • Guys,
        Before you buy an appartment with Arattukulam, please visit my appartment in Royal Heights to see what they realy do.

        My experience is realy bad with those guys. I also thought these guys are so nice by reading good comments about them. Believe me, only the marketing guys are good in arattukulam.

        Yes! I agree that they will compromise for anything but they will never do anything.
        My agreement with them signed on 2006 and still I’m waiting to get my appartment completed.
        The management is not responsible for anything.

        Now my issue is in front of consumer court.

        For more info plz write to: snehamin@yahoo.com

        Comment by prasanth — May 4, 2010 @ 9:54 am | Reply

  328. Hi
    I have purchased a Flat in ITTINA ABHA and so far I have not encountered any problem .My time started and went well from the date of booking till the final registration. The office staffs are co-operative and reachable and are helpful too and carry the sense of basic courtesy which you might not see with many builders. I have seen various comments about the ITTINA but I think they are today as common as with any builders and I am equally glad to see there only one or two negative remarks about ABHA, which is in general common with any name and might be with ones personal approach or perceptions.

    Further once you become their valuable customer you will be notified monthly with a project status completion report, which I think is a professional approach.

    Sincerely I would recommend ITTINA ABHA and it is worth to invest considering the locations, accessibility and the project as well

    Comment by Silman — August 26, 2007 @ 6:31 pm | Reply

  329. Hi,

    I have also booked a flat in ITTINA ABHA, could you tell me what price per sf. ft. did he charge you. Also any idea about the legal formalities, have you checked the approvals and all that.
    Mail me at lokesh.aggarwal1234@gmail.com

    Comment by Lokesh — August 27, 2007 @ 2:18 pm | Reply

  330. Hi Everybody,
    This forum is really very informative. Thanks for all your inputs.I am also looking for some flats around Sarjapur Outer ring road area. Recently i came across “Oceanus Dwellings” ongoing project in off sarjapur road.The project name is Oceanus Monarda.They are asking a base price of 2390/sft and Rs 100 premium for higher floors. If any one of you have booked/have any information about this builder can you kindly share with us.

    The website link is–http://oceanusdwellings.com/

    Thanks
    Sunil

    Comment by Sunil — August 31, 2007 @ 12:29 pm | Reply

  331. Subscribe to ittina_abha

    Powered by groups.yahoo.com

    Comment by Ittina Abha Group — August 31, 2007 @ 4:03 pm | Reply

  332. Ittina Abha Owners, please join the group & contribute to the common cause.
    [Group Membership for Abha owners only]


    Click to join ittina_abha

    Comment by Ittina Abha Group — August 31, 2007 @ 4:06 pm | Reply

  333. Hi Friends,

    I am also interested in purchasing Maple Heights at ORR. I came to know the current running price is Rs3090.00 per Sq ft. Let me know, if the price is reasonable and it can be taken for possession in Sept 2008. It was also informed that, it is quite ahead of 3 months as per the schedule. I would like to know that which banks thay got the approvals and easy for the loan sanction? How much will be the cost of the registeration fees would be for an 2 bedroom flat? It was also known that there will be 82% of carpet area given. Pls post your inputs

    Kishan

    Comment by Kishan — September 1, 2007 @ 5:07 pm | Reply

  334. Dont go for frontline builders. They are fraud

    Comment by Suvarana Hegade — September 3, 2007 @ 3:58 pm | Reply

  335. Guys,

    A good news for all the buyers. There is no service tax to be paid, while you buy an apartment. Check it out with your builders. This is a new rule passed out by the Govt.

    Comment by Kishan — September 3, 2007 @ 4:03 pm | Reply

  336. Anyone has any experience dealing with UKN properties. They are coming up with a project named Esperanza in near Marathahalli (on Varthur Rd). They are asking 2650 per sqft for apts and 4400 per sqft for row houses. Is the price right for this location? Any help is greatly appreciated.

    Thanks

    Comment by sg — September 3, 2007 @ 5:55 pm | Reply

  337. Any feedback on Reddy structures (Mahaveer), are they reliable?How is the construction quality?

    Comment by sa — September 4, 2007 @ 12:27 pm | Reply

  338. dear Manish
    re no335.is it really so that you dont have to pay service tax.any idea when thisrule was passed. reg
    priti

    Comment by Priti — September 5, 2007 @ 6:51 am | Reply

  339. Hi Manish,

    I am planning to buy an apartment from a builder.

    There is deviations from the sanctioned plan and the actual.

    In actual construction, the size of the house is around 955 sqft and has 2 bedroom, living, dining, kitchen and 2 toilets.

    But in sanctioned plan has a area of only 440 sqft and there ois only one bedroom, living, kitchen and toilet.

    Also the whole building also has some planned 15 feet and all sides.
    But actual is around 4-5 feet only space on sides.

    I see that there is a huge difference here.
    The builder is saying he will arrange khata after registration.

    Is it advisable to go ahead with buying this?

    Comment by Vinod — September 5, 2007 @ 11:58 am | Reply

  340. Hi Kishan, This is in response to your comment No.333. Yes, Maple heights on ORR is a very good project. I have booked there also, but when the rate was 2590/-. The present rate no doubt is 3090/-, but for genuine purchasers, they have always reduced by Rs.40/- to Rs.50/- per sq ft. They are ahead of schedule by about two months, and also very shortly they will be announcing the starting of 2nd phase too. Regarding other details, you may contact Mr. Pradeep at their office in High Point, near Chalukya hotel. There is no escalation in rates for upper floors. All the best.

    Comment by Vivek. — September 5, 2007 @ 12:34 pm | Reply

  341. Hi Everybody,
    Can you pls give your valuable inputs on comment#330.I am in a process of finalizing this deal so need your help.After much bargain he has come down to a base price of 2300/sft.Is it ok or further negotiation is possible??

    Thanks
    Sunil

    Comment by Sunil — September 7, 2007 @ 1:20 pm | Reply

  342. Is there any water problem (Cauvery Water) between Marthahalli and KR Puram on the outer ring road stretech. I heard that due to water problem some of the builders are not going construct any apartments. Pls advice

    Comment by Kishan — September 9, 2007 @ 3:57 am | Reply

  343. Answer to 338: Check out http://www.centralchronicle.com/20070904/0409143.htm

    Comment by K N — September 10, 2007 @ 7:23 am | Reply

  344. i want to know is it safe to take CMC approved flat. pls help asap, i am in a position to take flat with Mahaveer

    Comment by rupesh — September 11, 2007 @ 10:50 am | Reply

  345. Ds MAX have some good reasonable projects

    Comment by Shyla — September 11, 2007 @ 1:20 pm | Reply

  346. Hey ,

    This is a very informative and interactive page. I read thorough negative feedback on Shriram properties. I recently booked a 2 BHK 1220 sq ft paying 1 L on 3rd floor . I still have time to withdraw. Is it better to withdraw keeping in mind the quality of construction ( leaking ceiling of the bathrooms ) based on the feebback from folks or make it very clear to the buiider ( which i dont think will work anyways ) any suggesstions much appreciated .

    Comment by Rajesh — September 13, 2007 @ 10:36 am | Reply

  347. Anyone knows anyone who has already invested in SHAKTI REGENCY- MALLESHPAYLA. FRONTLINE BUILDERS ARE SELLING 3BR FLATS THERE FOR 32L ALL INCLUSIVE.
    Also what about the FLOOD SITUATION IN MALLESHPALA/KAGADASAPURA…IS THIS AREA BELOW THE STORM WATER DRAIN BED LEVEL?. your feedback is appreciated, thnx.

    Comment by Nalyee — September 15, 2007 @ 12:23 am | Reply

  348. Hi are there any views about Kristal Beryl

    Comment by krishna — September 15, 2007 @ 8:38 am | Reply

  349. Hi,

    Great discussion forum for flats/plot. Appreciate each and every member of this forum.

    I am looking for a 2bhk flat in the outer ring road( Sarjapur junction to marathhalli junction). I have inquired from all the Builders present in that stretch about the prices. Prices vary from 2600 per square feet to 3300 per square feet. I have decided to go with Sun City (corporate Leisure) for flat.
    They are giving the flat at the price of 2800 per square feet.
    I also got the offer for a second hand flat in the Sun City only which is costing me around 40L (including everything).

    Can anybody suggest me what should I do? I am in a fix. Can anybody throw some light on Sun City project as whole.

    Thanks.

    Comment by Jitendra — September 15, 2007 @ 11:53 am | Reply

  350. Hi Guys,

    Does any one have idea about Divya Jyothi Lake Point View project quality and builder’s reputation. The builder is quoting Rs 1800 per sqft. Is it worth investing in this project..

    Comment by akp_mehta — September 15, 2007 @ 2:23 pm | Reply

  351. SJR Vs Gopalan

    Which one is the Best Builder?

    Brooklyn Vs Grandeur

    Which one is the best project?

    Comment by Anonymous — September 16, 2007 @ 2:59 am | Reply

  352. Has anyone bought a flat in Sai Kingsdale?
    This is from a builder called SaiJayini group.
    They are qouting 2570 p.sq.ft. This project is located at Banasawadi, Outer ringroad.
    Is he a good builder?
    Any info/comment will be greatly appreciated.

    Comment by Akshay — September 17, 2007 @ 8:17 am | Reply

  353. Hi,
    I am looking for a 2bhk flat in the outer ring road( Sarjapur junction to marathhalli junction). I have inquired from all the Builders present in that stretch about the prices. Prices vary from 2600 per square feet to 3300 per square feet. I have decided to go with Sun City (corporate Leisure) for flat.
    They are giving the flat at the price of 2800 per square feet.
    I also got the offer for a second hand flat in the Sun City only which is costing me around 40L (including everything).

    Can anybody suggest me what should I do? I am in a fix. Can anybody throw some light on Sun City project as whole.

    Thanks.

    Comment by Jitendra — September 17, 2007 @ 1:27 pm | Reply

  354. Hi Manish.
    I am interested in buying a 2 BHK flat, but dont want to exceed 28 lacs.I tried HSR and Sarjapur road..but i they seem to costly… I work at whitefield and my wife works near Dairy Circle..Whats the right location in terms of our budget….Should we wait … or go ahead with this budget.. i am confused… help…

    Comment by Suhas Pai — September 18, 2007 @ 9:03 am | Reply

  355. Hi Manish.
    I am interested in buying a 2 BHK flat, but dont want to exceed 28 lacs.I tried HSR and Sarjapur road..but i they seem to costly… I work at whitefield and my wife works near Dairy Circle..Whats the right location in terms of our budget….Should we wait … or go ahead with this budget.. i am confused… help…

    Comment by Suhas — September 18, 2007 @ 9:04 am | Reply

  356. Has anyone done a booking in the Frontline Builder’s project of Sai Shakti – RK Mutt Road – Ulsoor?

    Comment by Syed — September 18, 2007 @ 9:22 am | Reply

  357. Hi Manish,

    Can any one please suggest me on Q345.

    Comment by Rajesh — September 18, 2007 @ 10:37 am | Reply

  358. Hi,

    This is regarding the point no.173(Sandeep), 253(Sarfaraz), 268(Aniruddha), 330(sunil).

    I want to know about the project “Oceanus Monarda” off sarjapur road.
    Any information regarding this will be helpfull.
    Sandeep, Sarfaraj, Sunil, Aniruddha..
    Have you people booked any flat there? Or have you got any info regarding this?
    Is there any water problem in that area?

    Thanks,

    Comment by Jitendra — September 18, 2007 @ 5:25 pm | Reply

  359. hi,

    Has anyone here taken a flat in the kristal beryl project?

    Comment by krishna — September 19, 2007 @ 9:58 am | Reply

  360. I am thinking of booking a flat in Salarpuria Symphony..Can anyone throw some light on this project? Has anyone booked an apartment here?

    Comment by Deepak — September 19, 2007 @ 10:32 am | Reply

  361. Hi All,

    I have booked a flat at Oceanus Monarda, and so far I am satisfied with them.
    They are sincere and have focus towards quality.

    Not very big but maintains certain level or professionalism. I found them much better than other builders in this class.

    Well about water problem…I know Sarjapur has problem..not specific to any apartment its the overall locality. So cant comment on that.

    But builderwise I guess you can very well go will Oceanus, I found them very decent.

    Comment by Aniruddha — September 19, 2007 @ 12:16 pm | Reply

    • Hi Aniruddha,

      Glad to see this forum. We are planning to buy the last left apartment in Oceanus Monarda (8th floor). Have you moved into the aprtment? Could you please provide me your feedback, if possible your contact details so that I can discuss it with you.

      Thanks in advance.
      Regards, Nithya

      Comment by Nithya — March 21, 2010 @ 3:21 pm | Reply

  362. Aniruddha,

    Thank you for sharing the information. Can I talk to you over the phone. Can you give me your email id so that I can drop my mobile number there.
    My mail id is “jitu_adu@rediffmail.com”.

    Thanks,

    Comment by Jitendra — September 20, 2007 @ 5:02 am | Reply

  363. Hi, I booked and paid the whole amount as a lump sum to the builder back in June2005. At that time they didn’t have any VAT system. They started implementing this in October 2005. Now the builder is asking me for the VAT. Do I need to pay for this as I have paid everything before they implemented any VAT.

    Raja M

    Comment by Raja — September 21, 2007 @ 6:21 am | Reply

  364. I’m planning to buy a villa in Sylvan view but the comments posted above makes me take a backseat. When I saw Silicon valley I was very impressed but I never got a chance to look at the quality of construction. Did you get a chance to look at the quality of construction? Did they take you inside a villa in Silicon valley? I was not taken inside any villa in Silicon valley. I’m not looking from an investment prespective. I’m planning to move once I buy one.
    Is it worth buying a villa in that area, meaning is good development happening in that area, like schools, hospitals, transportation factility etc?
    Are there any other good buillders that offer villas for around the same price in that area of closer to Bangalore?

    -Anand

    Comment by Anand — September 21, 2007 @ 8:16 am | Reply

  365. response to #309

    There is a Google group for all those who booked at Gopalan Jewels.

    Visit
    http://groups.google.com/group/gopalanjewels

    Comment by Madhusudan — September 23, 2007 @ 2:06 pm | Reply

  366. PC Koshy…….some thoughts match. Pl contact if you get this msg….Anil

    Comment by Anil — September 24, 2007 @ 6:18 am | Reply

  367. “Hinduja Holdings”
    Stay away from rabbied dogs….
    Warning

    Comment by kirtan — September 24, 2007 @ 6:37 am | Reply

  368. My response to the question #364

    Hi Anand,

    I have visited the Concord’s Sylvan view project. To be sincere, I was not impressed with the whole project. They have very limited designs (Only 2-3 designs available now for booking) and the available designs are not good enough. I did not feel it is worth the money.

    If you want to buy in Sarjapur area, you may want to visit Confident group’s projects. I have just booked a villa in their Bellatrix project. Their one of the completed villa project looked good. The main advantage I saw was that, they have a lot of good designs (150 +) to choose from. So far the service from them was very good. However I need to wait and see how they go from here. Because, most of the builders change their tones once they get the initial 15% money. Let’s see 🙂

    Before you take a decision you might want to check thoroughly about the area, development potentials etc.
    (I have heard that in some part of Sarjapur, there is a water scarcity problem. You might want to check that as well)

    Regards,
    Ajith

    Comment by Ajith Kumar — September 24, 2007 @ 10:20 am | Reply

    • Hi Ajith,

      We are planning to purchase villa in Bellatrix and wanted to know your reviews on same. How was ur experience?
      All the villas in original plan are booked. Now they have expanded the plan and in that extension we are planning to book site in front of park.
      Could you please reply to this message. We will get in touch with you.

      Thanks.
      Anu
      Oct 2009

      Comment by Anu — October 8, 2009 @ 3:13 am | Reply

  369. Hi Guys,

    Stay away from Ittina builder, one of the hihgly unprofessional people. They promise so many things and then dont fulfill it. They had pre EMI payment scheme (Builder taking ownership of the preEMI payment) They had told that they will reimburse it all at the time of possession. And now a consumer has to run behind them for the same.. its causing a lot of frustration.
    In addition there construction quality is not that good, the apartment is facing the leakage issue and certain design problems are there too.
    One more point – they are charging VAT and ST but not providing any certificate to the consumers… no document which explicitly states if they had paid the same.

    Comment by Amit — September 25, 2007 @ 7:02 am | Reply

  370. Hi Guys,

    This is an outstanding site with a serious wealth of information on blr real estate. Has anyone looked at/ invested in / or have a view on Nagarjuna Meadows at Yelahanka. I have been quoted 2650 psf for apartments, and wanted to also do a ref check against other properties in the area.

    Thanks

    Amit

    Comment by amit — September 27, 2007 @ 2:36 pm | Reply

  371. I am planning to buy an apartment from the “Raga” project by Nester Projects on the Outer Ring Road, KR Puram – Marathalli Road. Is it a good buy and are they reliable ? Immediate response will be appreciated and will help me a lot.

    Comment by Raghu — September 27, 2007 @ 4:34 pm | Reply

  372. no one should go with SJR buider, one of the most greedy builder. Never completes any of his project on time and provide poor quality. Charges much more money than agreed upon the agreement using variuos clauses. Though, He will mention delay clause also but infact you will end ip payingmuch more money. Totally pathetic. I have doen mistake by booking project in SJR brooklyn in 2004 and still waiting for project to complete. SJR spencer though promised 2 years before is not delivered yet. SJR fortius customer has given booking amount 2 years back but still work has to start. Never ever go with SJR. Better throw your money into gutter, atleat it will not give you headache but if you book apt with SJR you not only throwing away ur money but taking headaches as well. So please refrain from SJR projects if it is not ready to move.

    Comment by Manish — September 27, 2007 @ 4:54 pm | Reply

  373. I am planning to book 2 BHK with Nitesh Fores Hill at Whitefiled . Any idea about builder Nitesh ? Please recommend

    Comment by Venkat — September 27, 2007 @ 5:34 pm | Reply

  374. In response to 367.

    Hi Ajith –
    I have booked a plot in Bellatrix way back in Jun 2006, till now no approvals, part of it due to BDA and a part of it due to COnfident Group itself. They promised me a lot when I booked it (pre EMI they will pay etc.,) now they take back whatever they promised.

    Of late, thye have changed a lot, thier so called professional service is not not so professional now-a-days.

    SKI.

    Comment by SKI — September 27, 2007 @ 5:44 pm | Reply

    • Hello SKI,

      We are planning to book Villa in Bellatrix layout. I have visited the layout and liked the spacing between two villas… and parks.. not sure about the construction quality. Your villa might be finished now. Please let us know your reviews now.
      Mail id : anu_gk@yahoo.com
      Regards,
      Anu

      Comment by Anu — October 8, 2009 @ 4:03 am | Reply

  375. I would like to buy a flat (Garudadri Elite from ACAS group) @ KUDULU GATE OFF HOSSUR ROAD (NEAR ELETRONIC CITY) for 31 lakhs.1250 sqft.Is it worth? How will be the resale value at this area? Anybody knows about this flat, quality of construction and the developer? Pls help.

    Comment by Roshan — September 28, 2007 @ 6:40 am | Reply

  376. Hi, I am interested in Oceanus GreenDale apartments whose construction has just started in Outer Ring Road, Banaswadi (Near Horamavu signal). they are quoting a price of 2290/- sqft.. Can anyone of you provide details on this Builders like how dependable, loyal they are ?

    Sandeep, Sarfaraj, Sunil, Aniruddha would you be able to provide some guidance to me as of whether I can go ahead with this Builders ?

    Comment by Prasanth — September 28, 2007 @ 1:11 pm | Reply

  377. Hi,

    How is Sneha Grandeur at Hoody Circle? Anyone taken flats in this project? Pls post your suggestions

    Comment by Anonymous — September 29, 2007 @ 7:35 am | Reply

  378. Hi All,

    I would like to know if there is any good project/Builder at AECS Layout for ready to occupy or due for 3 to 4 months constructions. The following is my requirement.

    1. 2/3 Bedroom Apartment
    2. Minimum carpet area of 1300 to 1400 SQ.Ft
    3. Total cost not exceed more then 38 to 40 lakhs.

    Pls suggest.

    Thanks
    Ravi

    Comment by Anonymous — September 29, 2007 @ 7:47 am | Reply

  379. Hi,

    Please provide feedback on Paramount Raghavendra Arisht on Varathur Road between Marathahalli and Kundalahalli Gate.

    Comment by RRP — October 1, 2007 @ 4:05 am | Reply

  380. I decided to buy a 3BHK in Mahaveer from Reddy Structures. It is in the finishing stage. Can anyone tell me what legal documents have to be verified from the builder before I proceed further?

    Comment by Venkataramanan — October 1, 2007 @ 1:50 pm | Reply

  381. Very usefullllll info….Hanx

    Comment by sada — October 2, 2007 @ 4:26 pm | Reply

  382. NRI’s BEWARE of KEERTHI ESTATES (BANGALORE)
    KEERTHI ESTATES – A REVIEW (SAD, But TRUE)
    ——————————————–
    Keerthi engages in broad daylight frauds; some of the customers of Keerthi Annexe and Keerthi Flora projects have been duped of several lacs (yes, Lacs) of rupees by Keerthi’s own marketing team; that too, right inside their marketing office, in the presence of other Keerthi fellows.
    The marketing person has fled the scene; his name is Niranjan. Now the customers, sensing foul play, decided to cancel the flat bookings. And now comes the MD of the company; his name is Anil Kumar Reddy; the most ill-mannered bastard you would ever come across. He openly refuses to admit the fault is his and then accuses the customers for the loss. For months he harassed the customers by avoiding to meet them; uses foul language against them. Several customers are waiting for nearly 10 months now to recover their stolen money.
    Unofficial sources informed that the theif ran away with Keerthi’s money too; something in the range of 20 lacs. Now Keerthi would try to minimize the loss by duping other customers of their future projects; of course, without letting them know that they have been duped.

    So, guys, beware of this builder. If a builder can engage in frauds in broad daylight, in the presence of many others, you can imagine what they would be capable of doing. NRIs especially beware; you wont even realize that you have been cheated. I didnt want to write about their construction quality in this blog; that is a sad story in itself justifying a full entry. Maybe some other time.

    Hope this story would help you decide among the B-tier builders.
    I would try to contact one of the direct victims and write an update in future; incidentally, he happens to be a friend of mine.

    Regards,
    RPS

    Comment by RPS — October 3, 2007 @ 4:23 am | Reply

  383. Guys, this is such a great site. Manish is doing a fabulous job. Keep it up.

    I am planning to buy a flat in Concorde Manhattan project. Any one has experience with this builder and the construction quality? In pictures the project looks quite impressive. Any inside info. on the project / builders? Will appreciate feedback.

    Regards

    Sharad

    Comment by Sharad — October 3, 2007 @ 3:16 pm | Reply

  384. Hi,
    I have booked flat worth of Rs 35 lac in bangalore.
    So i want to know how much will be the registration charges.

    Best regards
    pradeep

    Comment by Pradeep — October 4, 2007 @ 6:06 am | Reply

  385. Can anyone give me an idea about the quality of construction of Mak India Developers…?

    Comment by rathna — October 5, 2007 @ 5:12 am | Reply

  386. Planning a SITE in PRIDE VATIKA or JR GREEN PARK OR BVAKIL WHISPERING WOODS , would aprreicate feedback againstg these buildersa nd what rate can we buy ?

    Comment by sunil — October 6, 2007 @ 5:50 pm | Reply

  387. Hi,

    Planning to book a villa at Concorde Sylvan View. Has anyone booked or have had experience with the Concorde Group. How are the Sylvan view villas? Ajith in one of the posts recommended that its not worth the money for these villas, Ajith, can you post more info on these villas and why won’t you recommend investing in one?

    also, can anyone recommend villas under construction or planned construction in B’lore.

    -Thanks in advance for all of your time
    Ganesh

    Comment by Ganesh — October 7, 2007 @ 1:03 am | Reply

  388. Hello..
    I am planning to buy a flat @ Esteem Enclave in Bannerghatta Road in Bangalore. Has anyone had any experience with Esteem Builders.

    Thanks, Rajeev

    Comment by Rajeev — October 7, 2007 @ 2:41 pm | Reply

    • Hi Rajeev,
      Did you book an apt in Esteem Enclave? I am interested in the project and am scoting for information. It would be of great help if you can let me know on the below-
      1. price details & sq ft
      2. project progress & when the builder is going to make it ready for possession.
      3. When did you purchase?

      Lolita

      Comment by Lolita — September 21, 2009 @ 9:45 am | Reply

      • Three of us are planning to buy in Esteem Enclave. Price quoted by the developer is 2700/- with some limited period offer: Pre-EMI waiver for 6 months. KPTCL & BWSSB deposits quoted by the developer is double (Rs.200/Sq.Ft.) compared to equivalent projects. Similarly Covered car park rate quoted is also high. Construction quality seems to be good. It is right on the Bannerghatta Road and close to IIM. Location is good. If you have seen the project and like it, we can jointly negotiate directly with the developer as a group. If you are interested, mail me rkn1411 at yahoo.com

        Comment by Ruban — November 23, 2009 @ 5:38 am | Reply

  389. Hi,

    I am planning to book a site opp. of ITC Factory on NH 7. The developers are asking for a price of 1100 /sqft. Is it a reasonable price ? Is the area going to appreciate in the coming years? What are the things that I need to be careful at the time of registration and also after that? Please advice as this is my first investment and I am really confused about it…

    Comment by Sumit — October 8, 2007 @ 7:26 am | Reply

  390. Hi Manish,

    We had a look at Midway city. There are a few apartments left still. THey mentioned that the cost of 3 bhk would be approx 51 without taxes. Do you have any idea what is the tax componenet. Is it worth to buy an apartment at that price.

    Comment by sem — October 8, 2007 @ 11:13 am | Reply

  391. Hi Surya, Kiran and Hema,
    this is sreekumar, needing some inputs from your side abt SLS Serenity project.
    Have you booked the flat? What was the sq ft charges and what abt tax, vat and registration charges? as per the builder the registration would be in jan 2008. as discussed above the registration charges are going to increase by around 50% by Nov 1st. So will this affect this project also?

    kindly reply soon.. thanks in advance..

    Comment by Sreekumar — October 8, 2007 @ 2:24 pm | Reply

  392. Hello Sir,
    I am planning to buy an apartment from a builder.There is deviations from the sanctioned plan and the actual.In actual construction, the size of the house is around 970 sqft and has 2 bedroom, living, dining, kitchen and 2 toilets.
    But in sanctioned plan has a area of only 470 sqft and there ois only one bedroom, living, kitchen and toilet. Please advise if we can go ahead and will there be a smooth approval from bank for loan in this kind of case.
    Thanks for your help.

    Deepak

    Comment by Deepak Gudihal — October 8, 2007 @ 3:16 pm | Reply

  393. Any idea about Arattukulam builders? They have one project going on near Begur lake (Off Hosur Road) and they are quoting a price in the range of 1775-1900/- per sqft.

    Satya (post 327), do you have any information on their projects like how dependable and good?

    Comment by Prasanth — October 9, 2007 @ 10:09 am | Reply

  394. Hi any idea about concorde midway city or Manhattans

    Comment by sem — October 9, 2007 @ 12:47 pm | Reply

  395. Hello,

    Has anybody heard of Aishwarya properties. How is the quality of their construction. Are they reliable? Any information about their projects is welcome.

    Is there any site to verify BDA approval of an apartment?

    In web I could see many builders with name Aishwarya like Aisshwarya Group, Aishwarya shelters..

    Comment by Max — October 10, 2007 @ 7:04 am | Reply

  396. Whats your openion about confident Althena and Confident Antila?

    Comment by Roshan — October 10, 2007 @ 10:44 am | Reply

  397. Prasanth,

    As i have said before, I found Oceanus a very decent builder. Till now , I dint find any issue with dealing with them . You can definitely go with them but my experience is with Monarda project so I dont know about Greendale.

    Thanks

    Aniruddha

    Comment by Aniruddha — October 10, 2007 @ 2:54 pm | Reply

  398. Hi

    Please give me a feedback on Ajmera Builders. I have booked a flat with them in Ajmera Infinity

    Comment by Biju — October 11, 2007 @ 6:55 am | Reply

  399. has any one booked apartments in SRK silicana at electronic city? what is the feedback about the builder and the project? what is the asking rates per Sft? please share any details (good or bad) that you have in this forum or mail me at rajanishc@rediffmail.com

    regards
    Rajanish C

    Comment by rajanish — October 11, 2007 @ 9:21 am | Reply

  400. Hi All

    I planned to buy a flat from frontline builders. the flat is good. the price is also ok. but the way the price is calculated is wrong and I don’t want to pay 1 lakh extra.

    they will charge you service tax, sales tax, reg. when I asked why serivice tax as the tax is abolished they said you must pay. but according to my knowledge if the flat belongs to the land owners share then there is no service and sales tax.

    when buying from these pleople please make sure taht you give the advance to the builder not to the frontline. you can get cheated with any one if you are not careful. but with frontline the chances of getting cheated are high.

    they have no idea of any legal papers. they have some people in GE and LIC who will process your loan. they will say 100% loan but at the last movement they will say the loan processed is for 80% of the property as the valuation is not coming.

    you will endup paying the same amount as you will have to pay in any case. if you are planning to buy from these guys first get all the legal docs verified then only pay any money. their booking fee is 25000 which you will loose or will get only after six months. I met some people who paid full money for the property and every thing is ready then these people started saying the builder is asking for 2lakhs more.

    the registration stopped for five times saying the builder is out of station.

    If you book and process the loan you have to spend nearly 8000 for the loan processing and 2500 as cancellation fee by frontline.

    if you pay the 25000 as advance and book a flat do so only if you are ready to loose 8000 of hard earned money. if you go to agreement and cancel forget about your one lakh.

    the numbers of the guys are
    Sumanth : 09945990099
    Umesh : 09845152813
    Santosh : 09900152036

    one advice if you have 15% of the property money directly go to each new apartment and ask for the builder and buy from him. if you don;t have 15% wait till you get the money and buy. don’t try to rush as you will tend to loose the 50% amount what you have out of the 15%.

    Comment by stalin — October 11, 2007 @ 9:45 am | Reply

  401. Hi Stalin,

    Are the Frontline Builders not the actual builders of the apartment? I thought they are the builders, I have seen a couple of apartments with them, though not finalised anything as yet. Thanks for your information.

    Thanks,
    Sajith.

    Comment by Sajith — October 12, 2007 @ 9:41 am | Reply

  402. Planning to book a flat in Royal legend,bommanahalli.Any feedback on Royal legend will be of great help to me

    Comment by Kiran — October 15, 2007 @ 9:34 am | Reply

  403. Hi,
    I am planning to buy a flat naer to ITPL.
    THe flat cost me 28 lacs, is it worth of investing 28 lacs there?

    What about the DSRinfra builder coz i don’t have ant idea.www.dsrinfra.com

    Thanks

    Comment by Sushil — October 15, 2007 @ 10:16 am | Reply

  404. Don’t buy from any of the so called marketing companies, most of them say they are the builders but they are not the actual builders.

    these marketing people will offer you 100% loan which is irresistable. at the time of loan processing the bank guy will put the bomb that you have to put 2 more lakhs as the valuation is not good.

    if you have bought the flat from these guys then god only help you. first they will say that the sale happend as is basis. but at the time of booking they will promise that they will get it done.

    one of my friends bought a flat from frontline builders in SCT Vijayalakshmi and they not even fitted the electrical fittings. these people cheated both the builder and my friend and made some handsome money. now my friend is strugling to get the painting, electircal work, cleaning and other basic things that need to be done.

    the fool who runs the frontline builder don’t even have the business ethics to run the business. you promiss only the things you will provide. if you check the kaggadasapura ads in 99acres all are from frontline people only.

    Trust me I have seen my friend suffer like any thing in last two months and continuing.

    ——————————————————————
    do not pay any money to any marketing and pay only to a builder after clearly reading the agreement. and always add a cluse if the cancelation is due to bad legal papers or from the builder end then full money should be refunded. the marketing companies are making money even on calcellations.
    ——————————————————————

    In 99acres look for properties by owners only.

    Comment by stalin — October 15, 2007 @ 2:46 pm | Reply

  405. Sajith ,

    easy way to differentiate the builder from marketing guys is ask how many project they have and who will register the property. any thing more than two projects is potentially a marketing company. and check the date of project saction and the date of construction starting as most of thje projects are not completed in last tree years or so.

    Comment by stalin — October 15, 2007 @ 2:49 pm | Reply

  406. Anyone booked/bought flats in golden blossom (golden gate builders) in whitefield?

    Comment by SJ — October 16, 2007 @ 2:28 am | Reply

  407. Does anybody has an idea about the Suncity euphoria project on the outer ring road?

    Comment by Anonymous — October 16, 2007 @ 6:48 am | Reply

  408. Hi

    If you are planning to book flat with frontline builders before doing so contact me at stalin1977@indiatimes.com

    Comment by stalin — October 16, 2007 @ 9:22 am | Reply

  409. In reply to 407
    Please check this abut suncity http://suncityresidents.blogspot.com/

    Comment by Kiran — October 16, 2007 @ 12:16 pm | Reply

  410. response to 407
    Corporate leisure offers a lower rate than other builders in the area.
    If you visit the property and observe very carefully you will see why.
    The finish of suncity makes it look like govt housing and the maintenance is so poor. Unclean road and corridors ,non existent landscaping and dead plants complete the picture. Remember when you buy cheap then cheap is what you get. Dont take anyones word on this. Visit their site and see for yourself.

    Comment by Priti — October 17, 2007 @ 5:48 am | Reply

  411. Currently I am shopping around for home loans.What are the current rates that banks are offering on home loans? Anyone?

    Also, what kind of loan should one go for? Floating or fixed?.

    Any inputs would be helpful.

    Comment by Ganesh — October 17, 2007 @ 11:59 pm | Reply

  412. Hi,

    I am planning to purchase an apartment from GR Developers…its called Lavender and is coming up near Puttenahalli.
    1. Does anyone have any feedback to offer on the Builder and this Project?
    2. I believe the current approval is only for G+2 floors, whereas the builder is proposing to put up 4 floors. They say they have applied for approval and they are confident they will get it as they meet all FAR requirements. Any thoughts?
    Appreciate any feedback before i can make a decision.

    Thanks

    Comment by Ravi Srinivasan — October 18, 2007 @ 10:00 am | Reply

  413. Hi,
    I am planning to buy an apartment in Bangalore but most of known guys buying plots which is very far .. Am confused buying a flat is a good investment or a plot and staying in rented house..
    I see lot of experienced guys in this forum, i really appreciate your comments on this.

    Regards
    Ahmed

    Comment by Ahmed — October 18, 2007 @ 12:05 pm | Reply

  414. AKME – AVOID IT IF YOU CAN….

    I have an apartment in Akme Ballet, and it has been a donwhill ride ever since we bought it…

    The clubhouse for which all of us shelled out 1 lac each (a whopping 4 crores) is no longer there !!! We are asked to share the clubhouse with an adjacent property without any formal agreement on usage…

    Service charges have been collected, and even though there are clear instructions from the Govt on the same, Akme refuses to refund the same…and they use ‘Charge’ instead of ‘Tax’ to get around it, though nobody gives a clear idea on what that charge is for..

    Possession is delayed, and no one from the team has clarity on the OC etc. Each person you speak to has a different story to tell…

    I would suggest that none of you go for this builder

    Comment by Anonymous — October 18, 2007 @ 4:26 pm | Reply

  415. Does anyone know about SCION ESTATES – Builders? Has anyone booked a flat in SCION ALOVERA.

    Comment by Anonymous — October 19, 2007 @ 5:46 pm | Reply

  416. Hi,

    Anyone has any idea about Renaissance Rainbow at Brookfield?

    Kishan

    Comment by Anonymous — October 20, 2007 @ 8:29 am | Reply

  417. Any good projects ready to occupy at Brookfield/AECS Layout, Kundalahalli?

    Comment by Anonymous — October 20, 2007 @ 8:29 am | Reply

  418. Does anyone know about Sudarsan Builders – Domlur, Has anyone booked in their project Sudarshan Rudy – Indira Nagar??

    Comment by Anonymous — October 22, 2007 @ 7:45 am | Reply

  419. Hi Manish,
    This site has helped so many people to know more about `how to buy apartment in bangalore`. Thanks a ton to you. But, i have observed that, your comments, replies of late are very few. Please, for the sake of all of us, be more regular in your comments, replies, observations, etc.. This is our earnest request to you.
    With warm regards, Vivek.

    Comment by Vivek — October 24, 2007 @ 9:17 am | Reply

  420. @Vivek,
    Thanks for you appreciation Vivek! I am glad you found this article helpful. Regarding me not replying here regularly, I just want to point out that I am not in any way related to real-estate business. I did a lot of research when I was buying my apartment and thought it would be helpful to share it with others. Hence this article. Otherwise I am just a regular (terribly busy) software engineer (like most of us here).
    Hope this clarifies my position and answers your question.

    Regards,
    Manish.

    Comment by Manish Bansal — October 24, 2007 @ 10:52 am | Reply

  421. Hi Manish,

    I have booked an apartment in 2005 and got the possession in 2007 Jan. Builder has collected additionally 1 Lac rs extra as Service tax. now as the circular said [taxhttp://www.servicetax.gov.in/circular/st-circular07/st_circ_97-2k7.htm] govt is not collecting service tax. Is there any possibility that we can get our money back?

    same Project is still in progress for other blocks. and Builder is not collecting service tax from new customers. I also have doubt that he has taken money from us but not paid any tax to govt as he has not given any receipt which tell service tax paid.

    Please suggest.

    -AM

    Comment by AM — October 26, 2007 @ 6:53 am | Reply

  422. Dear Friends,

    I saw one of the Chitrakut projects happening near Bagmane Tech Park. Its called ‘Environs’. The price they are quoting here is 2550/psqft. Honestly speaking their construction & finish are pretty good. There is one more block coming adjacent to their current A and B blocks. The new ‘C’ Block is scheduled to complete in Aug 2009 and the price they are quoting is 2300/- psqft. Am not sure whether this rate is bit high for that area. Do you guys have any idea about the water availability in that area? Any info about this project will also be helpful.

    Comment by Prasanth — October 28, 2007 @ 6:50 pm | Reply

  423. Hi Manish,

    I am planning to buy a 3BR apartment in Nandi gardens (JP Nagar, Kanakapura Road). This is a 4-yr old apartment, however vanct for almost 1 yr now. I wanted to know how good are nandi constructions. I am currently residing there without many probelms. However, water seepage problems exists in 2 rooms and hall and one of the bath rooms. Owner has promised me to get it repaired thouroughly. Can you please let me know what is the going price there, so that I can get some idea about it.

    Any inputs/ suggestions from your/ your website visitors would be highly appreciated. Thanks in advance.

    Regards.

    Comment by PNM — October 29, 2007 @ 8:34 am | Reply

  424. I would like to know about Oasis Breeze’ in Brookefields near AECS lay out. Any positive or negative feedback on the builder/project?

    Comment by RRP — October 30, 2007 @ 12:54 pm | Reply

  425. Any feedback about Esteem Developers and their projects in Bangalore ? Please share your experience if anyone in this forum has purchased from Esteem builders.

    Comment by Srinivas — October 30, 2007 @ 2:10 pm | Reply

  426. Hi Biju..

    I have also booked with Ajmera & need to know a few things. You can write to me at man_raja@yahoo.com

    Comment by manoj — November 2, 2007 @ 5:09 am | Reply

  427. Hi,

    This BLOG gives lot of information for me at the right time.

    I am having some confusion with respective to sales tax and service tax. Builder is asking me to pay 4% sales and 4% service tax on total cost.

    For example:

    Flat Cost (including flat cost+carparking+KEB+amenities) – X amount
    Service Tax – X*4%
    Sales Tax – X*4%

    This apartment is only with 6 flats(3floors).Please confirm whether the given calculation is correct and in this case is service and Sales tax is mandatory.

    Also currently what is guidance value per sft in Whitefield area(AECS LAYOUT) for registration.

    Thanks in advance,

    KK

    Comment by kk — November 2, 2007 @ 9:55 am | Reply

  428. Could anyone provide any feedback on Astro builder’s project “Silverwood Regency” on Sarjapur road.

    Comment by Gita — November 2, 2007 @ 11:51 am | Reply

  429. Could any one provide feedback on Oceanus builder? I have booked a flat in their project Oceanus Monarda.

    Comment by Stephen — November 3, 2007 @ 7:18 pm | Reply

  430. Hi,
    I’ve to buy 2BHK apartmrnt in East bangalore,my budget is 24 Lacks, wud you pls suggest me geniun and authentic proprty and Builder asap.
    pls contcatme on 9901068838.

    Thanks,
    Nanoch

    Comment by Nanoch — November 6, 2007 @ 5:07 am | Reply

  431. Im planning to buy a 2bhk in hsr, the builder is asking for sales and service tax which would round up to 2.16 lakhs. Based upon the comments here i asked if he is sure there is such tax.he said he didnt receive any letter stating so from the govt. and has asked me to pay.

    What should i do?

    Comment by vikky — November 6, 2007 @ 8:55 am | Reply

  432. Ref:432 – Ask him whether he will give you Service Tax Receipt?

    http://in.answers.yahoo.com/question/index?qid=20070928041104AATzHke

    Comment by Syed — November 6, 2007 @ 1:03 pm | Reply

  433. Anyone has any idea about Sobha Sunscape? Like the area, potential for growth in the area and so on. The project is by Sobha developers, which i believe are good at what they do. A friend of mine is suggesting me to book an apartment here. Any comments / inputs, most welcome. U can write to me at ofcoursebuddy@gmail.com

    Comment by titansking — November 12, 2007 @ 1:33 pm | Reply

  434. Shobha is coming with a apartment complex on Tumkur road ,opp Kenametal. Would it be a good investment .Whats the growth potential of the area.

    Comment by ramesh — November 13, 2007 @ 9:42 am | Reply

  435. Hello Guys, I will be booking an apartment with Chitrakut Builders on their Environs Project happening near HAL. Really appreciate your inputs on this builder. The rate quoted is 2200/sqft and the comp date is fixed as of mid 2009.

    Comment by Prasanth — November 14, 2007 @ 11:20 am | Reply

  436. Hi all, does anybody have any comments on Renaissance Developers especially w.r.t their Rainbow project at Brookefields, Kundalahalli? Is there anything to watch out for with these folks?

    Comment by Priya — November 15, 2007 @ 6:45 am | Reply

  437. Hi Prasanth,

    Refer Sl 436.

    I called up Chitrakut. THey told me the price was 2550.

    Comment by sem — November 15, 2007 @ 9:25 am | Reply

  438. Hi Sem,

    Ref 438:

    Rate 2550/- is for their A & B blocks which will be completed as of March next year.

    They have just commenced construction of C Block as well due for 2009 Aug completion. This is adjacent to their A & B blocks and for that they are quoting a price of 2200/- as final.

    Comment by Prasanth — November 16, 2007 @ 11:51 am | Reply

  439. Hi folks ,

    Since last few days , most of us are seeing excessive marketing coverage in newspapers and FM channels of Hinduja Lake Front estate by Hinduja Holdings being by Orange properties, I would like to advice the potential buyers as not to get in trap with the so called marketing hypes.
    I do have an experience of Hinduja Holdings as one of the the resident only other so called big project ” Hinduja Park” . The whole project is in dire straits. The builder Hinduja Holdings was suppose to complete the project on Oct ‘ 2005 . It is almost 2 years now the project is far from complete and the builder is far from fulfilling his commitment. The residents are almost struggling with the builder to get the things completed. He has put the whole project is in complete mess. Here is some of the recent pictures of the project –

    http://www.flickr.com/photos/12593811@N02

    I am not sure as why reputed agency like Orange Properties has not done a due diligence before getting into a deal with Hinduja holdings ?

    Bottomline is the marketing agency will sell the project and go off..It is the buyer who had put their hard earned money and have to deal with unprofessional Builder like “Hinduja Holdings”. My sincere advice to genuine buyers as not to get hoodwink by the builder and marketing hypes. Please do check the reality of the builder before getting into the trap.

    – Yogi

    Comment by Yogi — November 19, 2007 @ 8:12 am | Reply

  440. Hi Manish and all,

    This is a very informative blog and have become a awesome forum.

    I was planning to buy a flat in a apartment located 1 km off begur road.
    And in the process, I got clarified lot of doubts from this forum by reading through the comments. And finally anyway I did not buy the flat.

    I would like to give my comments on Bangalore real estate price trends for the last one year and before. I am living in Bangalore for the last four years in rented house. And I have been enquiring flats for the last four years at different builders in south Bangalore.

    The so called appreciation which have been happening is a relative term. In outskirts, If you have bought a new flat at 20 L in 2004, then in the same apartment complex, the same size new house would go for 40L now. But not the bought and used house, but still this may go more than 30L, provided that apartment construction and locality is very good, and builder is class A. But for other class B and class C old house (I mean less than 5 years old, if it is older than that, then forgot about selling it), it would very tough to find a buyer for 30L.

    Coming to my flat, I enquired it one year back and after one year also, the price did not change (construction was happening during this period). Bank interest also changed from 8 to 11 percent and came back to 10 percent. And they are unable to find new buyers as well, as this a class B developer only.

    As comment 180 said, Class C developers have not increased the price in last one year and as service tax have reduced, the total amount of those flats reduced a bit. And it has started happening for class B developers as well.

    But still, for people who wants to buy a home less than 30L (total including everything), the options are very less, builders who are selling those flats have got sanctioned plan which is almost 100% deviated from construction, with some flats not in sanctioned plan at all. Also, the location of flat is close to many other flats which are just or newly constructed (or under construction) or in between slum areas in village.

    People who wants to buy properly approved decently located flat have to spend around 40L or more and even more for 3BHK flats.

    So I am postponing my flat buying prospect for one more year with no hopes for next year also

    Comment by meyya — November 19, 2007 @ 1:35 pm | Reply

  441. Can anyone tell me more about this Kristal Builder – Jasper project? We are planning to purchase an individual house in Sarjapur Road? Is it a good place to live? Is it worth investing 60L for a 1200 sq house? Does anyone live there or bought a house there? Is there any water problem in that area? I would appreciate your feedback about this builder. Thanks in advance.

    Comment by Shreyas — November 20, 2007 @ 6:37 am | Reply

    • Did you buy in Kristal Jasper? I am in a similar situation and want to know if you can share your findings

      Comment by Kannan — October 8, 2009 @ 4:03 am | Reply

  442. I haven’t got update on the gopalan grandeur.They quoted 2600.What is the best deal you guys got ?

    Thanks

    Comment by manz — November 20, 2007 @ 10:08 am | Reply

  443. Anyone has any idea about Concorde Vedic Village project? Anyone bought any sites? Hows the builder and it’s reputation? I do see some people here who have bought flats from this builder. It would be great if you can please share your inputs about this builder, it’s construction quality, overall experience etc. I have read some mixed reviews and slightly confused, whether to book or not.

    Thanks!

    Comment by Maruti — November 21, 2007 @ 6:11 am | Reply

  444. 443: We had booked it at 2400

    Comment by tam — November 21, 2007 @ 12:02 pm | Reply

  445. Hi

    I got to know of the concord Vedic Village project. Any one who has booked can you share your experience.

    Comment by Venki — November 21, 2007 @ 5:50 pm | Reply

  446. Hi folks,

    Itwould be appreciated those who have bought flat/house can give their experience/opinion/charges with advocates. I am planning to buy an apartment. In the process approched an adovocate. Fee demanding is 1 percent of the total value (what is not shown in the paper)+ all documents fee etc + bribe in sub registrar office separately (1 % of the sale value). Any comments friends

    Comment by Prabha — November 23, 2007 @ 9:25 am | Reply

  447. Dear Sir,

    I had a query. What is the current permissible FSI(Floor Space Index) in Bangalore(Rajeshwarinagar). Also what is the fees to regularise an illegal construction and to what extent can it be regularised?

    Regards,
    Kumar

    Comment by Ranjeet — November 23, 2007 @ 10:46 am | Reply

  448. Hi 447. Few options

    1. Go to an advocate who deals with only property. Even the juniors in their office do a much professional job than a single advocate who is not a ‘specialist, in this field.

    2. If possbile go to different advocates.
    eg. 1. for property checking and sale agreement.Rates are 3K to 5K maximum
    2. for final sale deed another advocate.
    3. and finally for registration, catch hold of some one in the registrar’s office only. Every employee there are eagerly waiting for their ‘prey’. They will help you out in whatever way they can. You can straight away go and ask one of them. It would be better to take some one with you who speaks Kannada fluently, if you cannot. Everything will be easy.

    Comment by Surya — November 24, 2007 @ 5:39 am | Reply

  449. hi,

    It is true, only upto documentation, advocates are fine, if you go thru them for registration, you may have to shell out extra penny.

    My exp. with an advocate Rosa Paramel was no different. Seeing the board and office on Richmond Road, being the resident of next complex I approached her for my flat registration process. As Gandhiji aptly said, it is a lier’s profession.
    She gave the impression that she does lot of land registration which was not true, I understood it later probably I was one of the long awaited customer. She is not a professional in this field at all; just a very very ordinary advocate.
    She said my charges are around one percent of the paper value(what is shown in the paper) including paper checking, documentation and registration and the bribe (to be given in Registrar’s office)will be point five percent of the value shown in the paper which is separate. Everty visit, she said she will give the break up which never happened, I too did not insist, since she spoke very sweetly. Unfortunately I did not take anything in writing. She asked me 15K advance to start the work, which was paid. Everything went of fine, including the umpteen corrections which I made in her draft(every number, value, year turned out to be new). On the day of registration, she asked me one percent that is 60K as bribe to be given in the registrar office, which was earlier told as point five (30K). She just turned the plate every where. I couldn’t argue at the last hours before registration. I lost 30K there straight away. My registration got over without any hastles.

    Immediately after registration, I was asked for the fee which was around one percent of paper value as agreed upon, I thought which is again another 60K. But there also she gave me a shock, she said no I told that my fee is one percent of the total value of the flat which is 75lakhs, so you have to pay me 75K. I was shocked again as you all know, when you buy a property you will be on a shoe strng budget. I had no choice when she and her assistants took me for royal ride.

    LESSON LEARNED IS THAT ANYTHING TO DO ADVOCATES PLEASE GET EVERYTHING IN WRITING AND GO AHEAD. ALSO MAKE ENQUIRIES THROUGH FIRIENDS AND RELATIVES BEFORE FIXING UP WITH SOME ONE. COMPARE THE FEE STRUCTURE WITH OTHER ADVOCATES WHO DOES SIMILAR JOB.

    Comment by Vaj — November 24, 2007 @ 6:26 am | Reply

  450. Thank you so much mr. manish. You site has provided so much information that has woken up the guillable citizen from these underated and underclassed son of a bitches builders who would even put their mothers into the oldest profession if it meant making a profit by cheating others

    Great buddy you have done well and many cheers to you

    Comment by Sam — November 27, 2007 @ 10:02 pm | Reply

  451. Hi Manish,

    It was very interesting to read many of your comments and replies to questions raised. Please check if you help me with my queries.

    I am an NRI and planning to buy a falt in B’lore. We have lot of property shows here in Gulf happening very often, is it advisable to book the flat through such exhibitions from builders like Shobha, Puvankara and all. What is the best method you advise for NRI who are looking for a flat in B’lore. We have been looking for a flat for nearly 3 years now and is not successful in buying one yet. Do you have any recommendation for us? Please help.

    Thank you.

    Comment by Joseph — November 28, 2007 @ 7:10 am | Reply

  452. Hi
    I am planning to buy an an apartment in hsr or sarjapur area.any good projects in this area?my budget is 45 lacs

    Comment by geet — November 28, 2007 @ 5:07 pm | Reply

  453. Response to 453.
    Check out http://property-horizon.com/ShowProject.aspx?ProjId=24

    Comment by K N — November 29, 2007 @ 5:25 am | Reply

  454. Sir
    I have a doubt regarding the VAT which is collected with the total payment of the apartment cost, is the VAT calculated upon the Total cost of the apartment or is it calculated upon the registration value. Please advise
    e.g (If the total cost is 20 lakhs and the registration value is 11 lakhs which would be the VAT calculated)

    Comment by John — November 29, 2007 @ 11:13 am | Reply

  455. all,

    I am in search for an apartment in Bangalore
    I visited some high rise buildings and I am really concerned about buying flats in those buildings because of the open balconies and common areas outside apartment seeming very unsafe. Have you come across such buildings and what is your opinion. I looked at Brigade Millennium and they also similar building structure, please share your comments and thoughts.

    http://www.indianexpress.com/res/web/pIe/ie/daily/19980815/22751754.html

    Comment by NJ — November 30, 2007 @ 3:03 am | Reply

  456. HI,

    Has anyone here heard of City Square developers ? ANy idea about their reputation etc.

    Comment by RR — December 1, 2007 @ 8:08 am | Reply

  457. Hi,

    Just wanted to get one point clarified – there is this place called Ramanashree California Gardensm behind Ramanashree Resorts in yelahanka. These guys are selling their plots at abt 1400 Rs per sq ft. Sounds surprising to me since the land rate there is easily more than 2000 Rs sq ft. Just wanted to know if there is some thing fishy there.

    Comment by Taser — December 1, 2007 @ 8:11 am | Reply

  458. Hi, Any idea about Novel Nests – Eco BMRDA approved sites in Electronic city near KHB surya City and Vakil sites. Are the land developers reliable?
    Thanks,
    sitehunt

    Comment by sitehunt — December 1, 2007 @ 4:12 pm | Reply

  459. hi

    Novel nest – Take a lawyer and check if the Land is approved then pick it up else just book the property and pay remaining after the approvals

    Vedic Village – There is a new layout coming just opposite Concord’s Vedic Village by R K Enterprise (California COunty) who is giving the property at much better rates and in 3 instalments unlike concord who say 50 % at registartion but then when you speakto him he insists in 50 % at booking which is non sense. He is trying to pull everything form you in 3 months where are project would be devilered after 3 years. but at the end Concord has made his name while this guy is very new in market so he is coming at attractive price

    Comment by Economical Site Hunter — December 2, 2007 @ 5:14 am | Reply

  460. Have any of you purchased an apartment in Esteem Enclave? I’m planning to buy there. I’ve heard a lotof good things about the builder. Please share your experiences

    Comment by Akhil — December 2, 2007 @ 8:56 pm | Reply

    • Hi Akhil,

      Did you finally purchase any flat in Esteem Enclave? Would be grateful if you could please share your experiance with me at ananda526 at yahoo.com. I am about to purchase there but have contentions.

      Many Thanks in advance.
      Anand.

      Comment by Anand — January 3, 2010 @ 9:47 pm | Reply

  461. Hi,

    I am planning to purchase a flat from MS Properties & Developers. The project is in Chikku Banaswadi. Do anybody have good or bad experience with this builder. Please share your thoughts..

    thanks,
    Prakash

    Comment by Prakash — December 3, 2007 @ 3:05 pm | Reply

  462. Hi,

    I am planning to buy a flat in Confident groups Antlia, Sarjapur. The builder is promising so many things like they will build a resort nearby and will give free membership, Infosys is going to construct a resort very near to this flat and all…I have no idea about this builder.

    Do anyone have experience with this builder and is it OK to book this flat??

    Comment by Varun — December 7, 2007 @ 8:57 am | Reply

    • Hi Varun,

      What is your idea now about COnfident builders ?
      Pl. mail to anu_gk@yahoo.com.

      Regards,
      Anu

      Comment by Anu — October 12, 2009 @ 4:42 am | Reply

  463. Response to 452:

    Hi Joseph,
    I would like to help you but you have to tell me what kind of house you are looking for. Do drop me an email.

    Regards,
    Manish.

    Comment by Manish Bansal — December 7, 2007 @ 10:58 am | Reply

  464. Hi Manish,
    Need one clarification. I booked a flat in JP Nagar in Jan 2005, Signed the agreement on 11-02-2005..project got delayed by a year. The registration is due next month. I got a letter from builder asking for VAT, Service tax etc..

    I wanted to know
    a) What was the implementation date for VAT in karnataka? Earlier it used to be Karnataka sales tax if I am not wrong
    b) From which date onwards service tax is applicable?

    Response eagerly awaited.

    Thanks & Regards
    Mahesh

    Comment by Mahesh Kushwaha — December 8, 2007 @ 4:37 pm | Reply

  465. How can i write to this forum regarding my query on buying a flat in bangalore

    Comment by sachita — December 9, 2007 @ 3:09 pm | Reply

  466. hi ,
    How is oceanus Monarda on sarjapur road?Is there water shortage in that area.How is the builder

    Comment by sachita — December 9, 2007 @ 3:13 pm | Reply

  467. Hi Manish,

    First of all thank you so much for sharing such a vaulable information. I appreciate you for spending your valuable time on this.

    Manish, I am planning to buy a flat (re-sale, 4 years old) in Kagadasapura (C.V.Raman Nagar). I am wondering if you could help me in indentifying the details I need to check or precautions I need to take. I am shelling out 27L for this. I would be grateful if you could help me out.

    Thanks Manish!!

    Comment by Venkata — December 9, 2007 @ 10:35 pm | Reply

  468. From 293, “We are still verifiying the legal docs” regarding Gopalan Graduer.

    How are the papers and is the construction as per to the approval plan?

    If anyone has any experiences about projects Tivoli or Golden Blossom, please share your comments. Both are in whitefield.

    Would like to know the quality of consturction and reliability.

    http://www.tivoli.co.in/

    http://www.ggproperties.com/07/index.jsp?project=blossom

    Your comments will be very helpful.

    Best regards,
    Kumar

    Comment by Kumar — December 9, 2007 @ 11:14 pm | Reply

  469. Hi Manish:

    Thanks for the wonderful blog. Very informative and helpful.

    rgds.

    Comment by Kumar — December 9, 2007 @ 11:16 pm | Reply

  470. Hi Manish,

    I am planning to purchase a flat. I have few options

    1. Kagadasspura, 29th Cross – 2BHK, 1402 s/f -Roads are not constructed.
    2. Tripsendra,8th Cross – 2 BHK, 1020 s/f -Bit slum area around.
    3. SGPalya, CV Raman Nagar, Near Bagmane Tech Park – 2 BHK, 1150 s/f.

    I can understand the information that I have provide is quiet brief, but i need a general suggestion about which area would be better in terms of return of investment.

    Regards,
    Neeraj Kela

    Comment by Neeraj — December 10, 2007 @ 1:05 pm | Reply

  471. – Purva – Fountain Square –

    Hi Manish/Others – I’m planning to buy a Resale flat in Purva – Fountain Square ? I’ve seen a lot of negative feedback on Purva…anything specific feedack on this project ..? Thanks for any help on this.
    Regards

    Comment by Tarun — December 10, 2007 @ 1:21 pm | Reply

  472. Hi,

    I came across a Nigama Developers selling some residential housing plots in Hosur (Bagalur Road).
    I would like some tips on:
    1. Is hosur a good area to make some investment?
    2. What are the going rates in Hosur for residential plots (developed gated communities)?
    All help appreciated.

    Thanks
    Ravindran S

    Comment by Ravi Srinivasan — December 10, 2007 @ 4:54 pm | Reply

  473. Hi

    I am looking out for a 3 BHK flat in Purva Venezia (Yelahanka). Anyone willing to sell, lets get in touch.

    regards,
    Abhishek.

    Comment by Abhishek — December 11, 2007 @ 6:43 am | Reply

  474. Hi,
    I am looking out some good but reasonable flat near kamanhalli/bansawadi area
    Can you suggest few good builders in this area

    Thanks
    -Sid

    Comment by Siddharth — December 11, 2007 @ 7:39 am | Reply

  475. Hi
    I am looking to buy an apartment on sarjapur rd.Is it good location to buy an apartment frm investment point of view.can u also tell me how the registration cost and VAT are calculated.How is sjr builder.
    Thanx in Advance
    Jasmine

    Comment by Jasmine — December 11, 2007 @ 10:03 am | Reply

  476. hi,

    can any one let meknow whats is the cost of registration and the sales tax involved when i buy a 30 L flat ?

    some ppl say the registration will take 11% and sales tax is 4% , is that true ?

    any knows the correct info ?

    Also anyone here let meknow about Oceanus Monardo on Sarjapur–>Electronics City upcomming road ? is it worth to buy there in monardo?

    please let know

    ,,,
    Senthil

    Comment by SenthilVel — December 12, 2007 @ 9:33 am | Reply

  477. Hi all,

    Wanted to know about the Mahaveer group (Reddy structures)

    I am interested in their palms project off bannerghatta road. They have one more project next to the same. IT is called Mahaveer Marvel.

    How is the quaility and reliability of the builder.

    Thanks

    Comment by siva — December 15, 2007 @ 7:03 am | Reply

  478. Hi,

    Anyone booked/bought flats in golden blossom(golden gate builders) through orange properties.

    anybody has verified the legal docs????

    Please let me know.

    thanks

    Isha

    Comment by Isha — December 17, 2007 @ 6:10 am | Reply

  479. 469:

    Yes all legal documents are verified by the Indian Bank Lawyer. The loan sanction is under process.

    Indian bank is very very strict in sanctioning any housing loan, but their interest rates is around 9.5%

    Comment by Tam — December 17, 2007 @ 6:50 am | Reply

  480. Hi,

    Iam planning to book a 3bhk flat in
    Antlia from Confidant group. This project will be compleated in 2010.
    Can anyone share their experiences, good or bad, quality of work, credetials of the builder

    Comment by Sony — December 19, 2007 @ 6:37 am | Reply

  481. Hi,

    Is it worth to buy property in Concorde Vedic Village at 300 per SFT which is located around 30kms from airport, away from bangalore.

    Has any one investigated about this?

    Comment by gopi — December 19, 2007 @ 9:43 am | Reply

  482. How good is the place near Sai Baba Ashram, whitefield. Is it worth to buy a an apartment there? Can the area sustain the same growth rate in future? And what are the current apratment rental values?

    Comment by Swati — December 20, 2007 @ 11:31 am | Reply

  483. Hi,

    I am planning to invest on a 2 bhk in banaswadi and kamanahalli area. Please suggest me some good builders in thease areas.

    Comment by sandeep — December 21, 2007 @ 8:45 am | Reply

  484. Hi:

    From 480,

    Did you receive any feedback on golden blossom? Do they have all the required clearance from concerned departments? and is it okay ot buy an appartment from them?

    your feedback will be very helpful.

    Thank you,
    Best regards,
    Kumar

    Comment by Kumar — December 24, 2007 @ 3:35 am | Reply

  485. Hi Manish,

    Many thanks for giving such a informative details about bangalore real state.

    Could you please let me know how the registration cost and VAT and other taxes are calculated? Is VAT still charged by builder?
    I am looking to buy an apartment on whitefield rd. Is it good location to buy an apartment frm investment point of view?

    Thanx in Advance
    Swati

    Comment by Swati — December 26, 2007 @ 4:57 am | Reply

  486. I’ve booked a flat in Esteem Enclave at Bannerghatta Road. The construction seems to be good by Mfar. The fourth slab is coming up. It has two blocks, the front block seems to be on schedule while the rear block is a bit delayed.

    Comment by Rajeev — December 26, 2007 @ 11:46 am | Reply

  487. Any idea about Sobha Daffodil in HSR layout, I am planning to buy one flat there and the flat will be ready by Dec 2008 ( as told by Sobha). Is it worth the buy. The price they are quoting is 60-65 Lakh for 1800 sqt.

    Comment by Kiran — December 28, 2007 @ 8:37 am | Reply

  488. Hi,
    I feel this blog is wonderful and gives much information. With regard to VAT and service tax there is no clear picture as to how this works for a buyer. I request fellow customers and experts to clarify my doubts.

    I have brought an apt at cost of Rs.20,00,000.It is gross cost including land+construction+builder’s margin.
    Car Parking + KEB+BWSSB is Rs.2,50,000 extra.

    1. How VAT is calculated?
    I heard it is 12.36% of 1/3 of construction cost or 4% of the gross cost+parking, if builder opts for composition scheme. How buyer should ensure that he is not being cheated by the buildier.

    2. Is service tax applicable? If it is applicable, how much is to be levied on buyer. I heard it is 12.5% of labour cost(Construction cost= material cost+labour cost) if builder subcontracts the work insted of doing on his own.
    Please clarify

    Comment by Pradeep — December 28, 2007 @ 10:09 am | Reply

  489. Hi All,

    First of all thanks to Manish for this initative – thanks a lot !

    Guys, please suggest me about the following shortlist – that i made

    1. Royal Legent Bommanahalli
    2. Geetanjali Pride II bagadaspura
    3. Brigade developers OFF hosur road – after E City

    Thanks in advance.

    Regards,

    Aditya

    Comment by Aditya — December 29, 2007 @ 6:34 pm | Reply

  490. Here is one more Q about the most confused topic – VAT & Service Tax 🙂
    —————————————–
    I am planning to buy a apartment on resale which is not yet registered.

    Can someone clarify how the VAT & Service Tax be calculated in the case of resale ?

    Is this amount charged based on the original cost quoted by builder to the reseller or is it based on the current price quoted by the reseller to me ?

    Comment by Sachin — December 31, 2007 @ 8:15 am | Reply

  491. I am planning to buy an apartment in Electronics city opposite to Biocon.The rate is Rs.2050/sqft.Is it a reasonable price.It is in the Ananth Nagar.As I was progressing with the negotiations I found that the Carpet area which I recieve will be a 68%..with built up area of 75%.Is it reasonable

    Comment by leenu george — January 1, 2008 @ 1:38 pm | Reply

  492. I am planning to buy a flat at chartered beverly hills on kanakapura road…any opinions on the builder and the project ?

    Comment by Deepa — January 4, 2008 @ 5:24 am | Reply

  493. Hi,
    Truly amazing insight ..I was just about to close a deal on a flat near airport road , iii floor ,with loans approved from canfin, scb , others ….but the owner is not showing approved plan telling its verified and with builder/bank. Now what should I do?..going by so many cases of vertical deviation ..is it still safe to buy as major banks are financing the flat for last 4-5 years, and taxes being paid etc… what all docs to be verified for the resale buying ?…thanks
    regards Viswa K

    Comment by viswa — January 8, 2008 @ 6:10 pm | Reply

  494. hi iam looking to book a flat in chartered becerly hills.. kanakapura road..anybody knows abt this project??? the papers are not clear.. having a problem wth the documents whn checked wth the lawyer…

    Comment by Deepa — January 9, 2008 @ 6:42 am | Reply

  495. I read some comments that people booked in Gopalan JEWELS project on Kanakpura Road. Can some one tell me how good is this builder and this aprticular project and how firm in possesion date?

    Comment by Mukul — January 12, 2008 @ 4:19 am | Reply

  496. Hi,

    Anyone can give feedback about Pavani Homes? Pls advice

    Comment by Sudha — January 13, 2008 @ 7:06 am | Reply

  497. Hi All,

    I would like to know about Spectra Cypress project at Kundalahalli gate. Any of your views/thoughts are welcome

    Comment by Geetha — January 13, 2008 @ 7:07 am | Reply

    • What would you like to know. We purchased on e last year and waiting for them to complete it. We purchased a penthouse 4 bedroom/ 4 bathroom. I have not see it as we are not in India..but they are very good in terms of using better quality materials..however I have yet to see or know when they will handover ….That is critical as most builders are not getting enough capital to complete

      Comment by Roweena Rego — September 9, 2009 @ 7:11 pm | Reply

  498. I am looking for a 2BHK/3BHK around AECS layout/Brookfield/Kundalahalli with a budget of 35-40 lakhs from a good builder. any suggestions?

    Comment by Kishan — January 13, 2008 @ 7:09 am | Reply

  499. Hi,

    A very useful and informative site – though recently most of the queries of potential buyers have remained unanswered. Hope I am more lucky ;-).

    Can somebody tell me about Niranjan Developers and their almost completed project ‘Niranjan Central’ at BTM Ist stage? Thanks in advance.

    Longlive this Blog and Mr. Manish !!

    Comment by Chandrashekar — January 13, 2008 @ 2:09 pm | Reply

  500. hi, I am shalu, can i get a copy of the general clauses that are there in the purchase agreement. The place where i plan to buy does not have a sanction plan ready. but there is no cluase about that in the agreement . We are force to pay 20% down payment with the pre launch offer

    Comment by Shalu — January 14, 2008 @ 9:00 am | Reply

  501. This is to the query # 497

    The builder is ok. In fact Jewels seem to be coming out well.

    Regarding possession it should by by Apr / May 08, positively. This has been committed by PRO @ Gopalan Jewels..

    Good Luck

    Padma

    Comment by Padma — January 14, 2008 @ 10:49 am | Reply

  502. Hi

    Does anyone here know what’s going on with the Kristal Beryl project in Baneerghatta Road? I purchased a 2BHK there a while ago and it was supposed to have been completed June/July of last year but it still hasn’t. My experience with them has been okay. But lately I’ve been having a very hard time getting any information from them on the status of my flat. (I am based abroad) I am curious to hear of other experiences with the Kristal. Thank you for any information.

    Comment by RC — January 15, 2008 @ 3:13 pm | Reply

  503. Thanks for the comments about Oceanus. I have booked a flat in Oceanus Monarda and would like to know if there is any groups for the Owners. I think it is very important for us to come together. Aniruddha, Stephen, please let me know.

    Thanks & Regards… SahaDev

    Comment by Sahadev — January 17, 2008 @ 5:39 am | Reply

  504. Have anyone bought or planning to buy apartment in Aakruti Amity or Pride Pristine? These projects are located near electronic city in Bangalore. Please mail me, I need some info as I’m trying to compare the two options.

    Thanks,
    Naren

    Comment by Naren — January 21, 2008 @ 12:21 pm | Reply

  505. I am planning to buy apartment in mahaveer palms (Reddy structures). any feedback about project will be helpful for me.

    Comment by Priya — January 22, 2008 @ 6:09 pm | Reply

  506. Hi Surya,

    This is Nithya here. I am also planning to book SLS serinity flat near innovative multiplex. I saw your comments abt this flat. did u checked all the legal documents related to BDA?
    is this builder is finishing the appartment as per the scedule?

    Please add ur valuable comments 🙂

    Thanks,
    Nithya

    Comment by Nithya — January 24, 2008 @ 8:57 am | Reply

  507. Anyone evaluated ND Developers’ projects at any point in time? I’m planning to buy a flat in ND Sepal at HSR Layout, 2nd sector. Any kind of feedback would be of great use. Thanks in advance.

    Comment by Jolly — January 25, 2008 @ 9:14 am | Reply

  508. what’s the rate ND deveopers are quoting for sepal at HSR?

    Comment by venkatesh — January 25, 2008 @ 12:45 pm | Reply

  509. Hi Venkatesh,

    ND is quoting 2250 per sqft for Sepal. Thanks

    Comment by Jolly — January 26, 2008 @ 5:28 pm | Reply

  510. Hi Nithya,

    we have booked appartment in SLS Serinity. Looks like Builder is good ,BDA approved and work is done as per the schedule. Hopefully all the work is done win proper way. I think u can goahead.

    Cheers,
    Ramya

    Comment by Ramya — January 28, 2008 @ 6:50 am | Reply

  511. Hi,

    I am planning to book a flat with Chitrakut on their Environs C Block happening in Vibuthipura near HAL Helicopter Division. Very near to ADA. Their projected completion date for the apt is 2009 Dec and the price quoted is 2200/sqft.
    Friends, do you have inputs on this builder and whats your opinion on the area and the price ?

    Comment by Anonymous — January 28, 2008 @ 12:53 pm | Reply

  512. Hi ALL,
    Please let me know if ITTINA ABHA has BDA Approval . This site is in marathahalli. Marketing exec says that it will be completed ~April 2008.
    Thanks in advance,

    Comment by poppy — January 28, 2008 @ 2:05 pm | Reply

  513. for 514, please read the reviews of ITTINA in bangaloreproperties.com website before making the purchase.

    http://www.bangaloreproperties.com/discussion/topic.asp?TOPIC_ID=5

    Comment by Kumar — January 28, 2008 @ 4:46 pm | Reply

  514. regd 513 i visted their project, the main problems i see are that
    1. the project is surrounded by lot of residential structures and there isnt enough ventilation.

    2. also enquire about vat , water charges etc with them. they will total another 8 – 10 lacs including registration.
    isnt that slightly high for chitrakut — ivanhoe

    Comment by Anonymous — January 29, 2008 @ 10:53 am | Reply

  515. how about shriram symphonye, has anyone got the chance to look ath this project, seems to be situated at kanakpura road, the shriram guys are quoting around 2400, any commeents on the prospects of this project

    Comment by Anonymous — January 29, 2008 @ 11:02 am | Reply

  516. HI ,
    Suggest me about the orange properties.

    Comment by Naveen — January 31, 2008 @ 10:27 am | Reply

  517. Hi,

    I recently came across a project called Rohitha Gardens in Tatanagar, IISc layout near Kodigehalli. Does anyone have any feedback about the builder called RR Constructions. Any helps is greatly appreciated.

    Sanjeev P

    Comment by Sanjeev — January 31, 2008 @ 2:36 pm | Reply

    • Hi Sanjeev,

      I came across this project just now. Its almost near completion. I am also considering this project and trying to confirm the reliability of the builder. I would greatly appreciate any feedback about this buillder.

      Regards
      Prabhu

      Comment by Prabhu — May 5, 2009 @ 9:24 am | Reply

  518. any idea about DSR builder? I am planning to buy their apartment in HSR.

    Thanks in advance.

    Comment by bg — February 1, 2008 @ 1:26 pm | Reply

    • Hi, Did you get any response about this ?
      I am also planning to buy in DSR HSR

      Comment by Aravind — February 3, 2010 @ 2:39 pm | Reply

  519. mnjkr123, pls. let me know how to contact you over email as you had written a very imp. point about DSR Pride on 3.1.2007.

    I am a serious buyer and I am also checking your valuable points on partition deed with my lawyer.

    Comment by bg — February 1, 2008 @ 1:29 pm | Reply

  520. I hear the costs of apartments would go further down during the next 3-4 months. Does it make sense to plan for buying an apartment now ? advice please..

    Comment by chrisna — February 3, 2008 @ 10:23 am | Reply

  521. Im also looking at DSR Pride, but foudn that it is only CMC approved. Any drawbacks of the same? Why is not BDA approved since all the apartments around it are? Any implications of the same?

    Comment by swami — February 6, 2008 @ 4:42 am | Reply

  522. hi group,
    i have seen an apartment in the Green Glen Layout….th cost is around 34L for a 2 BHK with 1275 sqft.
    Can u please let me know how this area is ?

    this is just located behind the ORR- marthahalli road and behind Salarpuria towers. LOts of apartments are there, also there is a mjor presence of Shobha apartments in this location.

    ,,,
    SenthilVel

    Comment by SenthilVel — February 6, 2008 @ 7:11 am | Reply

  523. 505- sahadev ,

    can u let me know the rate at which u got the flat from Oceanus MOnarda ?

    Also any one here planning for a resale in OCeanus Monarda ?

    pleaase let me know

    ,,,
    SenthilVel

    Comment by SenthilVel — February 6, 2008 @ 9:17 am | Reply

  524. For all those who are looking at Reddy Structures (Mahaveer) Pvt Ltd, I would like to tell that these guys are real cheats. They are hard-headed people & even for a small modification in ur apartment they will make u run from pillar to post. Many of their projects have deviateions. U cannot trust these people for even the smallest thing they say. They have basic defects in their design in many projects & they will charge u later once u take possession of the house. I am saying all this as I had fallen prey to one of their projects but finally managed to sell that somehow & get rid of these thugs forever.

    Comment by Maverick — February 6, 2008 @ 10:51 am | Reply

  525. Hi Maverick,
    I totally agree with u on ur comments on Reddy Structures. I own an apartment in Mahaveer Tuscan & Im seeing the real face of these guys now that Im nearing the possession of my apartment. The constuction is real bad, their people are stubborn & rude, especially their AGM, Mr Ahmed is a big ass*****. Almost all the residents wud have had fights with him but still he refuses to budge. They have made my life hell, even for small things I have to run behind them. But I cannt do much as Im trapped with their terrible organization.

    Comment by Srini — February 6, 2008 @ 10:59 am | Reply

  526. Jolly,
    ND Sepals is located near to a huge dumpyard in HSR. It becomes really suffocating at times due to the bad smell in that area. Be aware of this before u proceed with this.
    Regards,
    Amit

    Comment by Amit — February 6, 2008 @ 11:02 am | Reply

  527. Any idea what is ongoing price per sqft for apartments in the Whitefield area near Sai Baba Ashram?

    I want to buy a 2BHK apartment any where in South or East bangalore with in the budget of 35lacs.
    Please let me know of any good builders

    Comment by Mahesh — February 6, 2008 @ 4:14 pm | Reply

  528. follow up for 504

    Group , any inputs on Green Glen Layout apartments ?

    ,,,
    Senthilvel

    Comment by SenthilVel — February 7, 2008 @ 4:54 am | Reply

  529. I am looking to buy a 2BHK in Purva fountain square, re-sale Please get in touch with me .. snpwl@yahoo.com

    Comment by sachin — February 7, 2008 @ 3:12 pm | Reply

  530. Any one can give the possible penalties of going on with the apartments with horizontal deviations mre than 50%.

    Comment by joji — February 7, 2008 @ 7:14 pm | Reply

  531. Could anybody give us some information about aishwarya amaze(off banerghatta road) from aishwarya properties?how is the construction quality?

    Comment by saumya — February 8, 2008 @ 5:13 am | Reply

  532. Any feedback on DSR Constructions> Im looking at their property DSR Pride/DSR Krishna Royale

    Comment by apthunter — February 8, 2008 @ 10:08 am | Reply

  533. Can any one give about experiences with HM Constructions about quality, delivery schedule and the rates they charge.

    Comment by subramaniam — February 9, 2008 @ 6:50 am | Reply

    • Any feedback on HM constructions ?

      Comment by Pooja — June 18, 2009 @ 4:58 pm | Reply

  534. Hi ,
    Very useful and informative forum.

    I see many seeking info on Stampduty & VAT calculation. Pls see below two strings which I found useful. Note that even you booked your apartment before April07 but aparment is yet to be registered, the VAT calculations on the Guidance Values effective from April07. In some areas the Guidance Values almost doubled, so the additional amount you shell out for Stampduty and VAT will go up substantially.

    http://www.karigr.org/aspx/marketvalue/default.aspx
    http://www.karigr.org/modeldeeds/secondsaled.htm

    Vishwa

    Comment by Vishwa — February 10, 2008 @ 12:08 am | Reply

  535. HI…Group

    Manish seems to be moved to Canada and forget this platform.

    I hv booked a flat with Reddy’s @ Mahavir Glacier…… Anyone in the group is my neighbor?
    However not seen very good comments for the builder, just wanted to know how good you rate this investment.

    Comment by Ved — February 12, 2008 @ 9:49 am | Reply

  536. Hi,

    I am planning to book a flat in SV Archade, in sadanandnagar near NGEF. Does any one of you have booked here. Or do you have any review on this project. Please share if you have any info!!!

    Comment by Sandy — February 12, 2008 @ 10:03 am | Reply

  537. Manish seems to be moved to Canada

    Not yet but hopefully soon! 🙂
    I am planning to sell my apartment in Concorde Midway City. I have not yet registered it and the possession is due this month-end or in the first week of March. The super builtup is area is 2023 sqft and the price is 2495/- per sqft. Please do let me know if you are interested.

    Comment by Manish Bansal — February 12, 2008 @ 11:28 am | Reply

  538. any information about aishwarya properties? do help us out.

    Comment by saumya — February 13, 2008 @ 12:59 pm | Reply

  539. Hi
    I am planning to buy a readymade flat (around 2 years old) near Hebbal and I have been quoted as 2800 per sq/ft for an area of 1666 sq.ft .Also the water+ electricity+car park costs comes around 3.2lakhs which makes the total cost of the flat as 4664800 + 320000 = 4984800.

    However I am a bit lost as to how much ,as in an estimate would the stamp,VAT and registration charges would be for me to get a projection? Is the stamp (8.4% of the total cost?),VAT(12.5% of the total cost) and registration fees 1% of the cost involved?

    If someone can clarify please.

    -Deep

    Comment by Sankhadeep — February 13, 2008 @ 3:28 pm | Reply

  540. Hi,

    I am planning to buy an apartment in Nitesh Forest Hills by Nitesh developers. They are quoting price of Rs 2300/- per sqft. Can someone please tell me how is the builder and construction quality? Is price being quoted ok? Has someone booked a flat there. Please get in touch at manuag@gmail.com

    cheers,
    Manu

    Comment by Manu — February 15, 2008 @ 10:11 am | Reply

  541. Any feedback on Ajmera Infinity?

    Thanks
    Manisha

    Comment by Manisha — February 15, 2008 @ 5:02 pm | Reply

  542. Hi, First off .. apreciate this write up and time of your’s

    Need some help,wanted to know of buying a property developed by Raja housing Ltd,Raja Sannidhi @ Kammahalli off bannerghatta.

    Not sure of the place and develper .The developer looks to be descent with finance options given by SBI and its also a member of KOAPA.

    Apprecitate if you could help us with some information on this or atleast what do u feel in buying a property @ Kammahalli ,bangalore.

    Thanks in anitcipation,
    Vivek

    Comment by Vivek — February 17, 2008 @ 12:11 pm | Reply

  543. Renaissance Holdings (http://www.renaissanceholdings.com/)

    Very useful information!!

    Has anyone purchased or looking to purchase from Renaissance Holdings? I am looking at their near complete Rainbow and Brindavan project. Do share your experiences!!

    Thanks

    -Senthil

    Comment by Senthil Ganesab — February 18, 2008 @ 7:43 am | Reply

  544. Hi All,
    Help needed from this group :

    i have recentlly paid the Token advance to a flat in the Outer ring road – Sarjapur junction Green Glen Layout..

    i wanted ur help in knowing the next of valiating the Papers of this flat .
    1. How and where can i check for the validity of the papers?
    2. How can i check if the land is under dispute or not ?
    3. how can i check if there is any trouble in buying this property ..please let me know all the steps which i need to do before i pay the money ..

    Thanks
    Senthil

    Comment by SenthilVel — February 18, 2008 @ 9:54 am | Reply

  545. Planning to buy a resale at AKME BALLET. Is the water availability there an issue? What other problems?

    Comment by raj — February 19, 2008 @ 2:15 am | Reply

  546. Hi Manish,

    I am planning to buy a 2bhk apartment at Katriguppe,Banashankari 3rd stage ,near Big bazaar .The flat is 12 yrs old and is around 900 sq feet.Is it worth paying 23.5 lakhs for it.

    Regards,
    Sharada.

    Comment by Sharada — February 19, 2008 @ 8:31 am | Reply

  547. Hey Senthil,
    which project you are buying and how much is per SFT rate?

    Comment by sachin — February 20, 2008 @ 3:17 pm | Reply

  548. Comment removed by the moderator as requested by the original poster.

    Comment by SHN — February 22, 2008 @ 6:24 am | Reply

  549. Dear All,

    Even i have entered the hell created by Daya MK homes,
    the customer support department is pathetic.
    If i ask them the documents required or the break up of the instalments,
    they will make us to wait for hell lot of time, whenever we call .. they will tell
    people have gone for lunch..
    If you are planning to purchase then ask the docs required and interact with customer care, then
    decide …

    Comment by Santhu — February 22, 2008 @ 7:17 am | Reply

  550. RESALE HOUSES,VILLAS & FLATS AVAILABLE AT ORR,HSR,KOR!!

    Phoenix Realty offers, FLATS N HOUSES specializing in & around Kla,HSR, Sarjapur Road, Outer ring road:

    ? Flats..all sizes, shapes, builders.With or without amenities.Rahejas, Sobha, Mantri,Embassy, & more.
    ? Houses-Independent, part of gated communities, RBD/RBR/Ashton Woods/Palm Meadows/Ferns City/Ferns Paradise,& lots lots more!
    ? We also can organise houses,flats, bungalows & villas for you in: a. Whitefield b. Indiranagar c. Central Areas like MG Road,Brunton Road, Lavelle Road, Vittal Mallya Road, etc etc.

    ? Prices ranging from Rs 5000000.00 onwards.

    ? Sample Listings: Raheja res, 3 BHK 85L, Ashton Woods ORR from 70L onwards,Mantri Sarovar 75L, St Johns Woods 75L,Acropolis- 1Cr,Rainbow Drive- Rs 80L & Rs 65L..Whitefeild grand 17,000 sft bungalow for 1.6cr, HSR bungalow with pool for 1.75 cr.& much more!

    ? Pl do contact for professional services! ?

    Pl contact:vinod/shoaib

    ? [24 hrs]

    ? Mobile: 9886012475/9886279412

    Mail: estatephoenix@gmail.com

    Comment by vinod — February 22, 2008 @ 8:53 am | Reply

  551. Sachin >> 549

    am buying in the Hamilton Surabhi Project.

    r u also planning or living in that layout ?

    Let me know

    Senthil @ Senthilvelm@hotmail.com

    Comment by SenthilVel — February 22, 2008 @ 11:37 am | Reply

  552. Hi all, we were looking at rennaisance and platinum city at hmt layout, to buy an apt for living. could anyone give us some information about the two..
    also anyone staying at platinum could give us a good insight into how the builders actually are.
    thank u

    Comment by MM — February 24, 2008 @ 6:10 am | Reply

  553. Hi All,

    I am planning to purchase a 2 BHK @ gitanjali lakeview old madras road. Want to know some feedback about the project/builder/rates. If any one of you can guide me it will be a great help for me. My ID is vkchawla@gmail.com

    Thanks for the help in advance…


    VKC

    Comment by vkc — February 24, 2008 @ 6:12 pm | Reply

  554. Hi,

    Any feedback on Shakti builders Malleshpalya. I am thinking of purchasing constructed by them in kagdaspura. Project name is Rayal nest.

    Please give your suggestions at : vineet_reck@rediffmail.com

    Comment by vineet — February 24, 2008 @ 6:16 pm | Reply

  555. Hi manish, im in dilema to buy flat like before marriage or else after(because friends suggest after marriage ur settle plans may change). i saw one apartment in hosur road opposit to oxford college, it seems to be good. The builder quotes as package of x lacs(inclusive reg) without any breakups(rate/sq feet, car parking, ………etc). to wat extent we can bargain.

    I heard like now the market is down, but no builder is ready to sell at low price eventhoug lot of flats are vacant.

    please suggest me!!

    regards,
    arun.

    Comment by Arun Mahadas — February 25, 2008 @ 7:02 am | Reply

  556. Golden GAte,Golden Blossom Project: Very poor quality of construction. Customer care ppl are sleeping giant. They don’t respond at all when asked for some modification. One person died in Gardinia Block last week because of electric shock.

    Comment by Akshata — February 26, 2008 @ 4:54 am | Reply

  557. Response to 554: Renaissance Holdings

    I have seen flats of Rainbow projects in brookfield. Quality of construction is really patetic. Tiles fixed in Floors,bathroom and kithcen are reaaly the cheap onces. I was really shocked to see this. The 2BHK desiged itself is wrong. YOu can see the floor plans in their site. Even the small builder uses the better quality products.
    Think twice before booking the flats from this builder.

    Comment by Mahesh — February 26, 2008 @ 6:12 am | Reply

  558. Sorry it was response to 545: Renaissance Holdings

    I have seen flats of Rainbow projects in brookfield. Quality of construction is really patetic. Tiles fixed in Floors,bathroom and kithcen are reaaly the cheap onces. I was really shocked to see this. The 2BHK desiged itself is wrong. YOu can see the floor plans in their site. Even the small builder uses the better quality products.
    Think twice before booking the flats from this builder.

    Comment by Mahesh — February 26, 2008 @ 6:13 am | Reply

  559. does anyone know about radiant structures http://radiantstructures.in/ (aka mahaveer properties) and there projects? I’m planning to book a flat in their btm project. Appreciate any feedback. Thanks

    Comment by venkatesh — February 26, 2008 @ 8:27 am | Reply

    • Hi Venkatesh,

      Just want to check if you have booked apartment with Radiant.. I am also planning for booking an apartment with Radiant Structures.

      Comment by dipti — January 19, 2010 @ 2:31 pm | Reply

      • Hi dipti, Venkatesh

        Has anyone of you booked flats at radiants…i am also plalling for booking with them.

        Comment by saurabh — February 10, 2010 @ 12:39 pm | Reply

        • We are also planning to book a flat with them….we would like to know more details about these builders if any one has already booked flat or any body already staying in their apartments….

          Comment by Latha — February 19, 2010 @ 11:30 am | Reply

  560. Does anyone know about radiant structures (mahaveer properties). I’m planning to book a apartment in their btm IInd stage project roxy. Appreciate any feedback. Thanks.

    Comment by venkatesh — February 26, 2008 @ 2:03 pm | Reply

  561. Hi venkatesh, can you pls provide the site details of the radiant structures (mahaveer properties), roxy project. even im looking in btm layout, so that even i will look at it. If possible can you provide the price details and total cost.

    regards,
    arun.

    Comment by arun — February 27, 2008 @ 5:39 am | Reply

  562. hi arun, it’s small probject with only 8 flats in it, each having super buildup area of 1200 sqft. Address : 7th main, n.s palya, btm layout IInd stage. Next to kovai fresh. If you check last week times property on friday or sunday TOI, you’ll see their advertisement. They asked 2700 per sqft and total cost comes around 38 Lacs (including reg). Currently This probject is not approved by any bank. They claim they’re working with hdfc and axis for approval.

    Comment by venkatesh — February 27, 2008 @ 8:52 am | Reply

  563. Can anyone please advice me on this
    Is it good to get a housing loan by two people (from myself and my husband) and both getting tax benefits. For example, suppose the flat costs around Rs, 30 lacs and each one ifwe take a loan of Rs.15 lacs, is it advisable?

    Comment by Shanti — February 27, 2008 @ 11:37 am | Reply

  564. Hi All,

    I am planning to buy a flat but builder has build one floor extra, i am going for 2nd floor is it worth going forward can it be regularized later on?

    Regards
    Ajay

    Comment by Ajay — February 28, 2008 @ 6:41 pm | Reply

  565. Hello

    Anyone has an idea of Spectra Cypress project in Kundanahalli/Marathahalli? I will be doing a site visit tomorrow and would like to know what the current pricing details are. The sales guy has refused to give the pricing over the phone!!

    Thanks

    -Senthil

    Comment by Senthil Ganesan — February 29, 2008 @ 8:22 am | Reply

  566. Hi All,

    I am pursuing a flat named “Balaji Elite” in HSR layout which is of about 1615 sq ft for a 3BHK. The builder quotes 50 lacs inclusive of car park, amenities, club house, registration and VAT.

    I do not have enough sources/info on hand to validate this price, as I have not checked with many builders in this area. Any help in this regard is highly appreciated!

    Please help me in deciding on this.

    Regards
    Ruchi

    Comment by Ruchi — March 1, 2008 @ 1:59 am | Reply

  567. Hi All,

    I am planning to purchase the flat in 5th phase JP Nagar. Flat is a pant house. Here I am looking for an advice to what are all documents I should see to confirm the flat is legal and no dispute, no problem with any documentation on that.

    I believe  Registration of flat should be OK + Map should be passed from BMTC + Can ask for NOC for that (but don’t know from where).

    Your advise would greatly appreciated to resolve my problem.

    Anu

    Comment by Anu — March 1, 2008 @ 7:45 pm | Reply

  568. Hi Shanti,

    It should be better to share the Loan.
    there is a cap on the tax benefit one person can avail. (both on the Principal and on Interest). But if you share the loan, both can go till each persons’ limit. Effectively doubling the tax benefit.

    joe

    Comment by Joe — March 3, 2008 @ 1:17 pm | Reply

  569. Hi everyone,

    Any feedback on GR Constructors?

    Thanks
    joe

    Comment by Joe — March 3, 2008 @ 1:38 pm | Reply

  570. i plan to buy an akme ballet resale any idea how much it costs ? any other inputs ? is there a water shortage in this location ? seems to be nearly completed ? anyone moved in yet?

    Comment by raj — March 3, 2008 @ 4:08 pm | Reply

  571. Raghavendra Construction quality is not so good. These people promise a lot but nothing in actual. In Arist they promised lot of facilities but very few they have provided. Car parking allotment is also very poor. If you want to buy from the Raghavendra Constructions or Sai Raghavendra Constructions Hyderabad please have a word with the Raghavendra Arisht Apartment owners before buying any flat from this builder.

    Their websites are:http://www.sairaghavendraconstructions.com/
    http://www.raghavendraconstructions.com/

    Comment by Raghavendra Arisht — March 4, 2008 @ 8:30 am | Reply

  572. Hi,
    Anyone bought an Apartment with Kataria Buikteck builders in Bangalore. or Did any one got an Apartment in R.K.Township in Bommasandra.
    Please provide details on this builder/township.

    Comment by sai — March 5, 2008 @ 8:21 am | Reply

  573. Hi Surya, Kiran , Hema and SreeKumar,

    What is the rate /sq ft when you bought flat in SLS Serenity. It was supposed to be completed on Jan 08.. But still construction not over.. Any idea what is the reason for delay? They say construction will be over by Aug 08 and only 40% of the flats are sold..Being in a good location, having all amenities, why are the flats not moving there?

    Please reply.. Have to decision based on the reply

    Thanks in advance

    Comment by Priya — March 6, 2008 @ 7:31 am | Reply

  574. Hi,

    I have been looking for a flat in B’lore and most of the builders do not provide a completion certificate from municipal corporation since they deviate from the approved plan. Is it safe to invest in a property that doesn’t come with a completion certificate?

    Ashvini

    Comment by Anonymous — March 6, 2008 @ 11:37 am | Reply

  575. Can anyone please focus any light on the “no pre EMI s offer till possession” advertisements these days. AKME and CANOPY both are providing these offers in the news papers. They say that you only have to downpayment X% AND DON’T HAVE TO PAY THE PRE-EMI s till the possession. Are these really true?

    Comment by D Pal — March 7, 2008 @ 1:35 pm | Reply

  576. Anyone has good or bad experience with Sai Shakthi builders?We liked their project and wanted to confirm before buying?

    Are they marketing guys or real builders?Are the rates quoted by them are correct?Please reply…

    Comment by Gayathri — March 10, 2008 @ 5:38 am | Reply

  577. Hi,
    Replying to 127, I am also planning for Maple Heights from NCC. Could you pls suggest me the right price. Are they still giving it for 2600/- sqft? Also would it be right time to buy as I assume all the good apartments on that construction are already booked and only the unwanted ones will be left.
    Pls someone give a good suggestion.

    Comment by s bose — March 10, 2008 @ 6:30 am | Reply

  578. Hi Manish,

    Good write up! thanks a lot…

    Can anybody tell me on what basis KEB , BWSSB rates are calculated, …?
    and how much it would cost for say 1000 sqft of area?

    Thanks in advance

    Comment by Suraj — March 10, 2008 @ 9:08 am | Reply

  579. Hi,

    I have a property for sale at Gopalan Jewels, 3 BHK facing swimming pool.
    Price will be current rate * sqft area + fixed cost – registration charges.

    Write to me at suvro123 at yahoo dot com

    Regards
    Suvro.

    Comment by Suvro — March 10, 2008 @ 1:14 pm | Reply

  580. Comment removed by the moderator as requested by the original poster.

    Comment by SHN — March 11, 2008 @ 12:10 pm | Reply

  581. Comment removed by the moderator as requested by the original poster.

    Comment by SHN — March 11, 2008 @ 12:11 pm | Reply

  582. This was a negative comment about Daya MK builders. After having discussions with them, the moderator has removed this comment as the allegations were allegedly not true.

    Comment by Naveen — March 11, 2008 @ 12:34 pm | Reply

  583. reply to 579…
    That was long long ago dude. currently they are quoting 3290 per sq foot.

    Comment by swami — March 12, 2008 @ 9:37 am | Reply

  584. Hi all

    The blog is really helpful. Hats off to all the wonderful work. I have few questions to be clarified.Please help,

    1. Is i worth buying a villa house for 75L in sarjapur road?May be a km from wipro office.
    2.Whats the advantage of buying a villa house rather than a flat?There are flats coming for 40L too..But i feel somehow attached to villa houses for the fact that the land is also exclusively mine..am I wrong in any way?
    3.The builder, kristal group, seems to be ok till now, and they say that the site is coming under BSMP and not BDA. They have a NOC from BDA and only buildings coming with more than four…five floors need BDA approval. Is it true? there are already 80 villas over and people are staying there for 2 years..and they see no issues.
    4. They insist me to go only through citibank for loan, beacuse they have some agreement. Can anyone please suggest me the quality of kristal builders and the project kristal jaspe especially?

    Thanks
    Subz

    Comment by Subz — March 15, 2008 @ 4:48 am | Reply

  585. Reply to 579 :
    Hi Bose, Nagarjuna maple heights is a very good project. Even i have booked a flat there, but much much before, when the price was 2590. The present rate is 3290, but generally by seeing the genuinity of the person booking, you may expect a reduction of about Rs.40/- per sq ft. As far as I know, all the flats, (barring a very few) may have been sold out in Block B and C, i.e, 2 Bedroom and study, and 3 Bedroom blocks, But some are available in A block, that is 2 bedroom Block. You may please contact their office for further details. Would like to see you as my neighbour !! Thanks.. Vivek.

    Comment by Vivek — March 16, 2008 @ 4:59 am | Reply

  586. Bose, just forgot to add a thing. If you are not happy with the flats which are remaining which you will get possession within next 5 months or so, there is their 2nd phase which will be started in another 2 to 3 months time. You may book there, but for possession you will have to wait for another year and half. Choice is yours.. All the best.

    Comment by Vivek — March 16, 2008 @ 5:02 am | Reply

  587. @586
    You are right Subz. Even to me Villas look more exciting. I think the best part with a Villa is that you can alter it according to you. Like said earlier that you should buy a bigger apartment keeping future in mind, I agree with that. I don’t think that you will get an apartment with the same space as that in a Villa at 40L.
    The only question stays is that if you can afford a Villa go for it, otherwise apartments offer a cheaper deal.

    Comment by Priya — March 17, 2008 @ 2:16 pm | Reply

  588. <>

    Avoid them like plague. They are crooked developers who will promise anything but deliver 10%. My Bro-in-law bought a site at the same layout “Info Valley” in Hosur and is still waiting for the papers after 8 months of registration. The sales guy who still works there doesn’t even pick up the phone now. Horrible customer service by Nigama Developers Bangalore. Cheaters!

    Meeta Sharma

    Comment by Meeta Sharma — March 18, 2008 @ 1:23 pm | Reply

  589. :Reply to 473 about Nigama Developers (Cheaters).
    ————————————–
    Avoid them like plague. They are crooked developers who will promise anything but deliver 10%. My Bro-in-law bought a site at the same layout “Info Valley” in Hosur and is still waiting for the papers after 8 months of registration. The sales guy who still works there doesn’t even pick up the phone now. Horrible customer service by Nigama Developers Bangalore. Cheaters!

    Meeta Sharma

    Comment by Meeta Sharma — March 18, 2008 @ 1:24 pm | Reply

  590. Is there any Ocenaus Monarda flat owners group? I saw one group with 44 members. But I raised a request but the moderaator is not approving the request. It is timing out after 15 days. I am not sure whther the moderator is still there or sold the flat. If any of you purchased the flat at Monarda Plz let me know.

    Comment by Anonymous — March 21, 2008 @ 9:39 am | Reply

  591. what is the current rate in monarda?

    Comment by Anonymous — March 21, 2008 @ 4:45 pm | Reply

  592. Monarda: It was 2640. I thjnk now they came down to 2400 (They will say 2500, but after negotiating one of m friend pourchased at 2400/sqrt).

    Comment by Anonymous — March 23, 2008 @ 3:40 am | Reply

  593. Guys,
    Beware of Mahaveer Group( Reddy Structures). They have many projects going on in Bangalore but the quality of construction is very poor especially in the upcoming apartments in Whitefield area (Tuscan, Dazzle, Kings). They generally quote lil bit less than the market price so that more people fall into theur prey. Once you book the flat, then u will see the real faces. They will not let u go for minor modifications & u will feel as if u are being forced to live in a house which u dnt like even after paying lakhs of rupees. Defnitely these guys are not workth going with.

    Comment by Venkata — March 23, 2008 @ 8:43 am | Reply

  594. Hi Manish,
    SIMPLY SUPERB!!!
    Where are you?
    why dont you help us ?
    BANGALORE NEEDS YOU!!!

    Comment by Rajanish bansal — March 23, 2008 @ 9:13 pm | Reply

  595. IS IT RIGHT TIME TO INVEST???
    Hi Manish/Experts

    I have booked a 3BHK flat in AKME ENCORE (Kundana Halli) at price 3000/-. I tempted for the scheme 15% now No Pre-EMI. This saves me some buks on Pre-EMI (Interest) component till possession time (Project Expected to ready by Sept 2009).
    But other side, People are thinking to invest, slow market conditions, Is it wise to buy at this point?.

    I would like to check the ground reality with you, is this slow down affects apartments Rates drastically (Premium Builders & Prime Locations), Is it happened in IT bubble days (2001-2003 time). If it really market fall happens How will be the Impact (Remember India is growing at 8% +, will grow irrespect of US’s economy help). At the same time Bangalore is very sensitive to Information Technology (no other city in India grown based on this field).

    Other Observations:
    US realty Investers are shifting towards India + (it might reduces house prices in the long run, so Minus point for current investors)
    US IT budgets will be shrinking in 2008 & 2009 –
    IT slowdown can be felt in Mid 2008 & thru 2009 –
    Bangalore’s new IT projects are rising from APAC & Europe +
    Engineering Research, Global & Domestic Retail, Tech Oriented BPOs are the raising in B’lore +

    Since I am away from Bangalore (I live in SFO), catching regular trends are bit difficult, your thoughtful help is highly appreciated.

    Comment by Venkat — March 24, 2008 @ 4:04 am | Reply

    • Dear Venkat:

      What is the date of posession which has been promised to you? The project looks to be incomplete even today!

      Did you negotiate for a penalty clause in caSE OF DELAY?

      Have you agreed for the price escalation clause in the agreement? Has the builder charged you more?

      HArsh

      Comment by Harsh — August 24, 2009 @ 4:29 am | Reply

  596. Hi

    Please guide me regarding my query.

    I have finalized one apartment in kaggadasapura. all is fine but just i got to know from the builder itself that there is a 100% deviation. the approval plan is for building 1bhk flats but they built 1/2/3 bhk. i dont know how much risk it is to proceed. can any one guide me. quick response will be appreciated.

    Comment by Venky — March 24, 2008 @ 7:50 pm | Reply

  597. Hi, i m planning to buy a 2BHK flat at outer ring road, Banglore.the appartment is 10years old. The owner is quoting 3000per sqr ft.(appx.30 lac) is it good decision to buy this flat.Please suggest.

    Comment by Trideep — March 25, 2008 @ 4:44 pm | Reply

  598. Hi Trideep,
    For anyone to respond to you, please specify which part of outer ring road, bangalore.Regards, vivek.

    Comment by vivek — March 26, 2008 @ 4:03 am | Reply

  599. Hi All,
    I am planning to buy a project in “Nester” Raga,
    Outer ring road, Near to KR PURAM..
    The project looks attractive but i am not sure about there repo..can anyone guide me on this..
    Please help me guys..I am really confuse..

    Comment by Shilpa — March 26, 2008 @ 12:30 pm | Reply

    • Hi Shilpa
      Did you get any update about Raga?

      thanks
      yogesh

      Comment by yogesh — August 15, 2009 @ 9:24 am | Reply

  600. Response to query No 371 & 571..

    hi guys,
    looks like u also booked the apartement in Nester Raga project..Can u give me more inofrmation on that.
    I also like the project the not getting much information about this..

    Thanks advance.

    ~Shilpa

    Comment by Shilpa — March 26, 2008 @ 12:36 pm | Reply

  601. Hello ,

    Could some one please let me know about the project “Gopalan Temple Trees” -the latest phase which is just facing the main road.How much is it per sq. ft.
    waiting for your response and thanks a lot in advance.

    Ann

    Comment by Ann — March 27, 2008 @ 4:28 am | Reply

  602. Hi, i m planning to buy a 2BHK flat at outer ring road, Banglore.the appartment is 10years old. The owner is quoting 3000per sqr ft.(appx.30 lac) is it good decision to buy this flat.
    The property is in HSR Layout , 6th sector, Fernhill garden appt.

    Comment by Trideep — March 28, 2008 @ 5:35 pm | Reply

  603. Hi all,

    I am planning to book a flat at Nester Raga. He is quoting 2350/sqft. Anybody can share their experiences with Nester Raga ?

    Comment by Anurag — March 29, 2008 @ 12:19 pm | Reply

    • Any feedback about this project. Planning to buy a 3BR in B block.

      thanks
      Yogesh

      Comment by yogesh — August 15, 2009 @ 9:25 am | Reply

  604. Hi All,

    the builder is quoting 2620 /sqft not 2350.

    Comment by Anurag — March 29, 2008 @ 12:22 pm | Reply

  605. Hi,

    Would like to know more on Spectra Cypress Project at Kundalahalli. The model flat and the floor plans looks more attractive and the price is high. The builder is new in Bangalore with not many projects in hand, can anyone suggest regarding this project

    Thanks in Advance..

    Comment by Kishan — March 30, 2008 @ 7:30 am | Reply

  606. Any comments on KRISTAL GROUP PROJECTS

    Comment by ajith — March 30, 2008 @ 8:10 pm | Reply

  607. I am planning to buy a 3 BHK apartment in bangalore city

    Have shortlisted the following builders

    1 premier Builders – premier residency on Lazar road

    2 canopy dwellings – Canopy Cologns on heines road/coles road Bangalore

    can enybody comment please Both the builders have executed few propertiesin bangalore so if anybody have bought the Apt in these buildings are in their previous projects please give your comments which will be appreciated

    thanks

    andyv

    Comment by Andrew — March 31, 2008 @ 7:48 am | Reply

  608. Hi Kishan

    I also saw Spectra Cypress on Saturday afternoon (may be you were the other person/couple) I walked with along the stretch of the project. To confirm, the pricing is 3200 per sq.ft and a 2 BHK is of size 1400 sq.ft.

    In any case, my email is gbskumar@hotmail.com, in case you would like to discuss about the project offline.

    To be fair to the builder, I was quite impressed by his documentation of all necessry paper work.

    Thanks
    -Senthil

    Comment by Senthil — March 31, 2008 @ 9:23 am | Reply

  609. I am going to sell a 3BHK 1800 sqft flat at Gopalan Jewels, Kanakpura Road.
    Anyone interested in buying the flat, please let me know.

    e-mail suvro123@yahoo.com

    Comment by Suvro Upadhyaya — March 31, 2008 @ 3:06 pm | Reply

  610. Hi,
    Any feedback on Samhita Square apartments by Samhita developers near Basavnagar?
    Also about the area?
    Thanks,
    Divya

    Comment by divya — April 1, 2008 @ 11:04 am | Reply

  611. we have booked an apartment in SLS Serenity on outer ring road…Builder said construction would be over by Feb 08..but it is yet to finish…i am wondering if he is playing any games with the customers….

    comments are welcome..

    Regards,

    Sheetal

    Comment by Sheetal — April 2, 2008 @ 5:59 am | Reply

  612. I was interested in a project called Platinum by Sai Shakthi Builders in Malleshpalya, CV Raman Nagar. Can anyone tell me the quality of their construction in general and the reputation of the builder? I noticed lot of flats which are constructed by same builder in that area. I also heard something like that area falling under green belt or something? Is that true?

    Comment by samir — April 5, 2008 @ 9:18 am | Reply

  613. Can any one tell about Spectrum Ambara. This project is in whitefield behind ITPB.

    Comment by sem — April 6, 2008 @ 11:23 am | Reply

  614. Very good information. Can some one comment on Samskruti Builders (http://www.samskrutibuilders.com)? I am interested in buying an eco-friendly house from them.

    Comment by Sambasiva — April 6, 2008 @ 4:49 pm | Reply

  615. Need urgent advice on Sales Tax:

    I bought a flat in Bangalore Feb 2006 with help of Bank loan. Registration of the flat was done in October 2006. I have the keys to the flat.

    I have to pay 2 lakhs to the builder, which we agreed verbally, that I shall pay this amount later.

    Sales at that time was approx 4%. Now, the builder is asking me to pay 12.5% as (Sales Tax / VAT) instead of 4%. Is this realy correct?

    Here is the breakup of the cost:
    Cost: 1312 sqft @ 1910
    Parking: 150000
    Amenities: 35000
    Maintainance: 26240 per year
    KPTCL & BWSSB: 164000
    Registration: Approx 135000

    Thank You

    Comment by Parvez — April 7, 2008 @ 9:00 am | Reply

  616. Hi all

    I see that many of you have booked in Concorde Midway/Manhattan projects. Would appreciate any feedback on the builder and the quality of their projects – the builder is currently quoting Rs. 2,495 per sq.ft.

    Thanks
    -Senthil

    Comment by Senthil Ganesan — April 8, 2008 @ 10:44 am | Reply

  617. Hi

    Anyone booked apartment in Mantri Tranquil? Could you please share with me your general feedback on the project?

    Also, anyone has information on their Royale project?

    Thanks

    -Senthil

    Comment by Senthil Ganesan — April 8, 2008 @ 11:43 am | Reply

  618. Frankly speaking, ALL THE PRE-EMI SCHEMES ARE A FARCE. Every builder acce”ounts for the pre-emi cost by increasing the PSQFT by 200-300 and you end up paying that in 20-25 yrs with an interest !!! AKME ENCORE with all due respects does not commmand 3K bucks per sqft in Whitefield !!! There is a very clear slowdown in Whitefield (with the lessening of IT related activity and the HAL airport moving out), with a good number of resales happening at prices less than the builder himself. For instance Sobha Amethyst (2200 vs 2500 builder),
    prestige palms (2400), brigade harmony (2600 vs 2850), brigade metropolis (2700 vs 3000+), the list is endless.
    As far as ‘SPECTRA CYPRESS’ goes, the builder is rabid greedy. He is quoting higher + his project has been in doldrums for a very very long time + the land area of construction is extremely less as compared to the number of apts, so that the ‘undivided land share’ works out to be less.
    Frankly speaking Bangalore is about to be a witness to a slowdown in the realty space barring some areas like north bangalore.

    Comment by Nishant — April 9, 2008 @ 2:20 am | Reply

  619. I have booked in Chitrakut Scion @ 1950 per sqft.. Any feedback about the builder ?
    Area ia not very good but very near to all amenities.. Its just 100m from Baghmane Tech Park back door.

    Comment by sk - new — April 9, 2008 @ 11:16 am | Reply

  620. Hi,

    I’m planning to purchase a second hand Apartment. Can anyone tell how the resale value will be calculated. Normally owner’s quote the current market rate. Only advantage is we will not have any additional deposits for KEB and others. Also, please contact me @ ramatv@gmail.com if any one selling a flat in any good locality.
    Thanks,
    Ramanathan V

    Comment by Ramanathan — April 9, 2008 @ 11:50 am | Reply

  621. Do not buy any property from DSR Constructions: These folks are plain cheats and unprofessional operators who do not give even the basics to a customer. Do not expect them to deliver the property in time, do not expect them to deliver smooth walls even and what least you can expect…do not expect to be given an car parking agreement which they honour. These guys have alloted car parking to two apartment owners ridiculing all laws…..

    They cheat on the carpet area also promising in writing to deliver > 80% and then finally when u measure it the area would come to 70-72% for bare bones apartment complex (no swimming pool etc). These crooks should be taken to courts for that……see their properties as DSR Cresent, DSR Elite, DSR Windsor to get a first hand experience.

    Comment by Aggreived — April 11, 2008 @ 11:44 am | Reply

  622. Has anyone in this chain invested in Brigade metropolis in whitefield. I am planning to buy one. Want to know if its a good buy at 2850psft ? Is the area good ? I have heard of water scarcity in this area..is it true ? any opinions or feedback about this project ?
    Thanks

    Comment by Prasad — April 11, 2008 @ 2:26 pm | Reply

    • Prasad, I went to see metropolis and they quoted me the same rate. but when i asked, he told me he had room for neg. tell him that amt X is ur budget and he should work with u in getting to that amt.

      Comment by AD — May 12, 2009 @ 11:41 am | Reply

  623. Hi ! We intend to buy a flat which is a resale actually from Prestige Wellington Park ? what are the things that we should look out for ? The seller is not in Bangalore so its said that he will sign the necessary agreements and send them accross to us ? Should we not insist on the sellers presence ?

    Comment by Sweetie — April 12, 2008 @ 3:13 pm | Reply

  624. Hi,

    A bit perplexed about the rates at HSR. NCC GreenRidge is being quoted 4000/sq ft for resale. Can somebody please help me with some Rate/sq ft at HSR for similar builders.

    Comment by Rajat — April 13, 2008 @ 3:24 pm | Reply

  625. Hi – We are evaluating a 3 BHK (1835 SqFt) at Golden Palms off Hennur Road. Any experience with Golden Gate Properties? Is there anybody who has booked one in Golden Palms? Thanks!

    Comment by Hari — April 14, 2008 @ 7:19 am | Reply

  626. Hi Sweetie,
    I would like to tell one thing…. that is whom to approch u to buy the said flat… i hope u r engaged with agent.. one thing i will tell u dont be under inpression that agents are trustworthy.. another thing is if u want to buy an apartment u need to consult an Advocate who are speci… in property law.. tecnically for an apartment minimum 4ways of documentation is required like 1. Agricultural (Revenue) land concerned (which is earlier land nature), 2. Non-Agricultral Land concerned (which the land being converted for other than agricultral use e.g. Residential/Commercial/Industrial use), 3. Advesre clim concerned and 4) conveyancing concerned…. Should you have any queries or require any clarifications, please feel free to revert…. By Prashanth Mirle.

    Comment by Prashanth Mirle — April 14, 2008 @ 2:14 pm | Reply

  627. I will advise all the buyers to hold their horses for a while, maybe 4-5 months from here till the dust settles. RBI may increase the repo rate and hence loan rates may go up. If that happens you may see some correction in property markets, its not advisable to buy at these rates.

    Comment by Nishant Sharma — April 15, 2008 @ 2:20 pm | Reply

  628. Hi,

    I would like to know the top 10 best furniture showrooms in Bangalore. Mainly looking for imported (Malaysia/Thailand/Italy etc) furniture for living, dining and bedrooms. Pls post your suggestions,

    Thanks in Advance

    Kishan

    Comment by Kishan — April 15, 2008 @ 2:21 pm | Reply

  629. Hi Please DO NOT deal with IBIS Homes – a real estate builders-they are also into IT bodyshopping and software….I had a terrible experience with their flat in RMV-II stage-IBIS Galleria …

    Comment by Roy — April 15, 2008 @ 3:59 pm | Reply

  630. Hi all

    I found an interesting website where you can read feedback/review on city wise builders. very informative.

    http://www.societyguru.com/

    I am actually looking at Concorde Midway/Manhattan after reading the general reviews in this blog. In the website I have given below, there is nothing but negative sentiments about the builder!! I am thoroughly confused now!!

    Thanks and with regards

    -Senthil Ganesan

    Comment by Senthil Ganesan — April 16, 2008 @ 11:05 am | Reply

  631. Has anyone invested in Brigade metropolis in whitefield. I am planning to buy an apartment. Want to know if its a good buy at 2850psft ? Is the locality good ? I have heard of water scarcity in this area..is it true ? any opinions or feedback about this project ?
    Thanks

    Comment by Prasad — April 16, 2008 @ 11:51 am | Reply

  632. I am planning to buy a flat in kaggadaspura. builder has sanctioned plan for 24 flats.
    but he deviated by having a complex in ground floar by removing first three flats so now there is only 21 flats with a complex in ground floar.

    please guide me sud I go for this flat.

    some got loan from SBi, ICICI but my loan is rejected from HDFC bank

    Comment by Kewal Krishan — April 16, 2008 @ 12:44 pm | Reply

  633. I am planning to buy a flat in kaggadaspura(banglore) builder has sanctioned plan for 24 flats.
    but he deviated by having a complex in ground floar by removing first three flats so now there is only 21 flats with a complex in ground floar.

    some got loan from SBi, ICICI but my loan is rejected from HDFC bank

    Comment by Kewal Krishan — April 16, 2008 @ 12:45 pm | Reply

  634. Hi All,
    1)can you let me know how is the registration cost calculated.
    say if the apartment is 1400 sqft & guideline is 1200…

    2)also i though the service tax has been revoked,my builder says it came into force again.
    can you throw some light on these.

    3)Can you suggest any good lawyers to verify documents or is it enough if its done thru banks from whom we take loan

    4)finally,what the banks you suggest for taking loan.I

    Comment by raja — April 18, 2008 @ 6:44 am | Reply

  635. Stop buying property guys !! property markets in India are all set for a big correction. You will hurt yourself badly in the coming days if you buy at these rates. CRR hike has happened and a repo rate is not out of question. Interest rates are firming up instead of going down. BEWARE OF THIS HOUSING BUBBLE !!!

    Comment by Velan — April 18, 2008 @ 11:53 am | Reply

  636. Hi Manish

    I am planning to buy a flat in HM Symphony (Sharjahpur). I have already enquired about this project with many banks (IDBI / HSBC / HDFC etc). All are saying its a good project and HM is a good builder.

    Just wanted to know how this project is? Any leagal complication. Also what all documents should I ask to the builder to verify the property.

    Thanks in advance.

    Monu

    Comment by Monu — April 19, 2008 @ 9:32 am | Reply

  637. I think they have approvals only upto 7th floor, but they are booking even upto 14th floor.
    This project was open for last couple of years. What this the rate per sqft?
    BTW,many apartments (confident,sjr etc) constructions in this area.

    Comment by venkat — April 19, 2008 @ 3:50 pm | Reply

  638. Yes,

    They are building for G + 14 floors. Today I have seen the documents (Floor plan and site plan – BDA Approve (written in Kannada) for this project and its mention 300 Flats and G + 14 Floors.

    Do you feel is there is legal issues. And also they are telling that they will send the documents to Lawyer only. Not ready to give to the individual buyers.

    The Rate per SQ Ft. now its 2550.

    Confient(Not yet started) and SJR (All sold)

    Comment by Monu — April 19, 2008 @ 4:05 pm | Reply

  639. They should give the photocopy to you. Not sure why they need the name of advocate which we consult.

    Comment by venkat — April 20, 2008 @ 11:39 am | Reply

  640. Yes, I too totally agree with venkat on this issue. The builder cannot say he will give the doccuments to our advocate only. After all, it is the buyer who gives them money, and not the advocate. And afterall, we will be asking only the xerox copies and not the original for scruitiny.
    Vivek.

    Comment by vivek — April 20, 2008 @ 12:50 pm | Reply

  641. Any idea/review abt RADIANT STRUCTURES http://www.radiantstructures.in/

    Comment by Saj — April 22, 2008 @ 6:41 am | Reply

  642. Hi
    Anyone know about the background of this layout named “Serenity” kind of opposite to Total mall on Sarjapur road (one closer to Springfields apartment). This is an old layout but looks kind of abandoned without any maintenance and can see just one or two houses there. Are there any issues with this layout? Please help with your inputs.
    Thanks in advance.

    Comment by Kumar — April 23, 2008 @ 6:18 am | Reply

    • Hi ,
      We are also planing to buy a plot in this serenity layout…
      Could you please let me know if you have any details.

      Comment by hh — June 3, 2014 @ 2:13 pm | Reply

  643. @ #640

    I suppose, for documents builder should first give all photocopies to you for verification with your lawyer and then they should also provide the orignals to your lawyer for verifying the authenticity of the document copies they gave you. Usually builders will send their representative to carry the originals to your lawyer in your presence and then collect it back themselves.

    Comment by neo — April 23, 2008 @ 8:40 am | Reply

  644. Any feedback on Brigade metropolis in whitefield ????

    Comment by Prasad — April 23, 2008 @ 9:16 am | Reply

  645. Hi,
    I have booked a flat in Aishwarya. Paper wise it looks ok, especially their AMAZE apartment.
    I got it verified from advocate and looks fine.
    All leading banks like Corporation Bank, ICICI have approved this project. Guys have got loan from SBI and Bank of Baroda as well.
    Just one negative point I see is that HDFC has disapproved the project saying some document is pending from builder side, which you might need to verify.

    Construction quality is great. Design and architecture is good. Rooms are spacious and enough of light. All widnows and balconies opens in open area, not in common area like corridor or shaft.
    Currently Price is also resobable. They never negotiate on the declared price.
    Let me know if u need more information.
    ..Rahul

    Comment by Rahul — April 23, 2008 @ 11:32 am | Reply

    • Hi Rahul can I get more details about Aishwarya Amaze? What is the price you have given per square feet??
      My mail ID is jintoa2001@gmail.com
      9986039707

      Comment by jinto — May 4, 2009 @ 11:37 am | Reply

  646. A very good writeup. Truly appreciated.

    Comment by upma — April 23, 2008 @ 4:35 pm | Reply

  647. thanks upma.

    Comment by Rahul — April 24, 2008 @ 10:40 am | Reply

  648. Hi I am planning to do some investement in bangalore, but i have heard from my friends that banglore is saturated so it not a good idea to invest in banglore now. And outskirts like managlore belgum is a good choice. any comments on that? Is south banglore a good place to invest? and what price should i expect for a 1500 sq feet built up area in south of banglore?

    Any reply is much appreciated.

    Thanks and have a good day!
    Surekha

    Comment by Surekha — April 25, 2008 @ 6:11 am | Reply

  649. Hi Everyone,

    I am sorry to say, but all those who have invested in this property have been duped by this builder. I had gone to purchase a 3 Bedroom apmt G3, there and finalized it. Today I had gone to give the booking cheque amount in the morning to seal the deal after all the negotiations etc. While we were starting on the formalities, I in advertantly mentioned that my dad is an advocate by profession….. to which both Amit & Sumit started sweating in thier pants. Suddently they blurted out that the do not sell to the advocates and police fraternity and I had to walk out of their office that very moment. I smell a rat here, and anybody who do wish or have brought a flat should take proper legal advice and go ahead here. Dont rely on banks cause today they approve anything as they recover their principal money in the first 3 years itself.
    regards,

    Comment by Deepa — April 25, 2008 @ 12:14 pm | Reply

  650. Gitajali Lakeview Apartments on old madras road….. missed the name our in the above post.

    Comment by Deepa — April 25, 2008 @ 12:15 pm | Reply

  651. HI, This is regarding ND Ascent flats which is coming up at AECS Layout off Hosur Road (behind Dakshin Honda Showroom). Can somebody share some insights regarding this project? Is it safe to buy from this builder?

    Comment by Niki — April 26, 2008 @ 6:06 pm | Reply

  652. Hi, I have booked an apartment in ITTINA Mahaveer project. I would appreciate expert advise on this project. I have been hearing lot of negative about this project and ITTINA group.

    Comment by PJ — April 30, 2008 @ 8:20 pm | Reply

  653. Hi,

    Any feedback on Royal Legend & Hinduja holdings would be of great help.

    Thanks

    Comment by Vijaya — May 1, 2008 @ 4:38 pm | Reply

  654. Hi Manish,
    You have already responded to my mail a couple of months ago. I know you are not related to real estate, and that you are a techie. But still, this forum started by you has helped so many in many ways. Even though I know you are terribly busy, it is my earnest request that please post your thoughts once in a way and keep this forum glittery. Have you already moved to Canada ? Wherever you are, please spare few minutes atleast once in two or three weeks. Regards, Vivek.

    Comment by vivek — May 3, 2008 @ 3:26 pm | Reply

  655. Thanks, Manish!

    Comment by Sumeet — May 4, 2008 @ 9:29 pm | Reply

  656. Whats the ideal rate for car parking ? water facility w/or w/o cauvery water. information on this is appreciated.

    Comment by swathi — May 5, 2008 @ 4:20 am | Reply

  657. Hi Guys ,

    I am planning to buy a pen house in “Chitrakut Basil” , but seems like
    they have just G + 3 Approval . But the Pent house is 3rd & 4th Floor .

    They said that they will get the approval .. but it will take arround
    6 months. Any ne having any idea abou the same that whether that is
    possible to get approval . Is any one in the same confusion (any floor above
    G + 3 is actually not approved in the Kaggadasapura, C.V. Raman Nagar , but all
    the flats there are G + 4 ).

    Any suggestion \ information will be appriciated .

    -VM

    Comment by VM — May 5, 2008 @ 11:01 am | Reply

  658. Brigade metropolis in whitefield. I am planning to buy an apartment. Want to know if its a good buy at 2850psft ? Is the locality good ? I have heard of water scarcity in this area..is it true ? any opinions or feedback about this project ?
    Thanks

    Comment by Prasad — May 5, 2008 @ 11:45 am | Reply

  659. Can anyone give me feedback about Sai Sakthi Builders in Malleshpalya..Are they genuine

    Comment by Avinash — May 5, 2008 @ 4:07 pm | Reply

  660. Hi friends,
    you have a great thing going here…keep it up. I wanted to know whether anyone of you or anyone you know has had a brush with Astro builders who have this Greenwood and Silverwood regency project on Sarjapur road. Please do let me know ASAP about your take/experience with the builder,so that I may decide whether to buy from them or not.

    Regards
    Prashant

    Comment by Prashant — May 6, 2008 @ 11:32 am | Reply

  661. Any idea when SLS SERENITY is going to be finish the project that it has started/finished at Marathahalli (near Innovative).
    I think I have sort of made my mind to buy a 2BHK considering the advantage of it’s location.

    Please share any sort of pointer, Will be more delighted if the occupiers or owners responds.

    cheers
    Chetan

    Comment by Chetan — May 6, 2008 @ 2:32 pm | Reply

  662. The information mentioned here is good enough to know before buying any flats..How about the land? e.g If there are 10 flats were made of the X sqft of land then Is it the share of each person is X/10 Sq Ft?

    Comment by Prakash — May 6, 2008 @ 7:11 pm | Reply

  663. I am planning to buy a 2bhk 900 sq ft apartment.Is it worth to buy a 2bhk 900 sq ft apartment in the BTM 2nd Stage near Madiwala lake for 26 Lacs including registration?

    Please let me know your advice on that.

    Thanks for creating such a wonderful blog which help the first time buyer like me.:)

    Comment by chidambar k joshi — May 7, 2008 @ 4:27 am | Reply

  664. chidambar , i feel its a good deal if everything else is fine.

    Comment by swathi — May 7, 2008 @ 6:12 am | Reply

  665. Hi all!

    Is anyone planning to buy an apertment in gopalan jewels or in gopalan temple trees? Because iam thing about buying an 2bhk in templetrees? Please let me know details like rpsqt, registration cost…if u have any?

    thanks in advance

    jaya

    Comment by jaya — May 7, 2008 @ 6:17 am | Reply

  666. Hi..Pls do not buy any apartment named Mahaveer from Reddy Structures.You don’t get what they promise in the brochure,very poor quality of construction,poor maintenance,indifferent management,delayed project,poor design,…Prices look reasonable but you get absolutely low quality housing.Not worth investing at all.

    Comment by Joseph — May 9, 2008 @ 5:15 pm | Reply

  667. Can anyone give me feedback about Arattakulam Developers in Singsandra,Manipal County Club..Are they genuine?.

    Please let me know ASAP

    Comment by chidambar k joshi — May 10, 2008 @ 3:38 am | Reply

    • they use cheap and hopeless material…..waste ur money if u have lot…..if u dont then don even go near their shadows..

      Comment by abc — May 5, 2009 @ 10:07 pm | Reply

  668. Hi,
    I am planning to buy an independant villa at the earliest opportunity if its a good deal and close to electronic city. Pls advise. I saw some re-sale options for Concorde Silicon valley project….any help on advise/pointers will be highly appreciated
    Regards
    Tito

    Comment by Tito — May 11, 2008 @ 1:22 am | Reply

  669. Manish,

    Very Godd Article.. It will be of great help if you can send me some information about different approvals… BDA/BMRDA/BBMP etc. I am really confused, because many builders claim that there projects are approved by BBMP and therefor BDA approval is not required for 5 floors. Is it true?

    Comment by anil — May 12, 2008 @ 5:58 am | Reply

  670. Very Godd Article.. It will be of great help if you can send me some information about different approvals… BDA/BMRDA/BBMP etc. I am really confused, because many builders claim that there projects are approved by BBMP and therefor BDA approval is not required. Is it true?

    Comment by anil — May 12, 2008 @ 5:59 am | Reply

  671. Hi Prashanth,

    I been to the site location of astro. I like the project. Can you send your contact info to me @ anilkumaarr@gmail.com. We can discuss in detail

    Comment by anil — May 12, 2008 @ 6:15 am | Reply

  672. Never ever go to Mahaveer guys.They have all local rowdys as employees.I have bought a flat in Mahaveer.They will delay the project.To get your own house work done,You have to run behind their site engineers.They will not do work very easily.If you go to management ppl.Then your house power will get cut (Even if u have child in your house, no mercy).Its so terrible…. But, there is only one advantage in buying flat there.U will become more tough than you are by facing all these problem.But, if u dont want much challenges.But, only peaceful life means I request you not even think of

    Comment by Raju — May 12, 2008 @ 11:11 am | Reply

  673. Thats right Mahaveer regal have extremly bad engineers there.They will make you cry.I know how some familys are suffering there.If you really want to know.ask some other customers there…

    Comment by Abul — May 12, 2008 @ 11:15 am | Reply

  674. Never ever go with Vaswani Builder. These guys shows something at the time of selling and they change it later. i had very bad experience with this bunch of chits. Most un-reliable builder i have ever seen. Never go to this guys…

    Comment by sumedha — May 13, 2008 @ 10:37 am | Reply

  675. Did anyone buy from Spectrum Ambara in whitefields???. Is it a good time to buy apartments in bangalore???now. I here prices anywhere between 2200-3400. In chennai apartment prices have skyrocketed??
    Any comments???

    Comment by Ram — May 13, 2008 @ 4:32 pm | Reply

  676. Hi Chetan,

    Regarding SLS Serenity,based on the information I have, construction is almost done. People have started moving in the apartments. extra amenities like swimming pool, jogging track etc are left.It will take some time, but the basics(lift, parking etc) are done. There are only 9 flats unsold.We are also planning to move by June.

    Regards,

    Sheetal

    Comment by Sheetal — May 14, 2008 @ 1:24 am | Reply

  677. Any inputs on flats in Green Glen Layout, Bellandur? There seem to be quite a number of buildings nearing completion but no proper roads (except for Sobha apts). Is it worth investing in an apartment there?

    Comment by Rehaan — May 14, 2008 @ 7:48 am | Reply

  678. Hi

    Any feedback on seetharaman builders and developers? I’m looking at their “ready to occupy” apartment behind kempfort.

    http://sitaramblr.com/slvpark.html

    thanks

    Comment by Anonymous — May 17, 2008 @ 6:28 am | Reply

  679. hi Rehaan 679..

    i have recently moved in to Green Glen layout…

    this is good …though the roads are in the approved state , there is a wait time till the election is over and the papers needs to be signed…

    this is good ….my builder has few more to selll…

    ,,,
    Senthil

    Comment by Senthil — May 17, 2008 @ 11:47 am | Reply

  680. Hi
    Please give inputs on ND Ascent flats which is coming up at AECS Layout, off Hosur Road or ND Developers. Couldn’t find much reviews about the builder on the net.
    ,,,
    KKK

    Comment by Kumarkk — May 17, 2008 @ 5:04 pm | Reply

  681. Which projects in Whitefield area for a 2 BHK apartment (sale or re-sale) are good value for money ?
    (In a budget of 35L to max 40L total..)
    Please advice…

    Comment by Saket — May 18, 2008 @ 4:32 am | Reply

  682. What is the square feet rate going on in Sarjapur road.Does anyone know of a good buy there. Budget 35~40L

    Comment by mathew — May 18, 2008 @ 5:18 pm | Reply

  683. Sheetal,

    What is the sq.ft price did you pay for SLS serenity project.

    thanks
    Ram

    Comment by Ram — May 18, 2008 @ 10:38 pm | Reply

  684. i,

    Can anyone give me feedback about Sree Builders, Indira Nagar http://www.sreebuilders.in ?
    They have lot of projects coming up in bangalore.
    Please mail me at manuag@gmail.com

    cheers,
    Manu

    Comment by Manu — May 19, 2008 @ 12:08 pm | Reply

  685. Mathew – 648
    the running rate now is around 2300 + for small projects and for projects like shobha it 3900 +…

    yes for 35 + and <40 u can get a good 3 bhk including registration as the market is lil bit sluggish now…

    ,,,
    Senthil

    Comment by Senthil — May 19, 2008 @ 4:47 pm | Reply

  686. 681 – Thanks for your input Senthil. Also heard from somebody that some road laying work has started in that layout. Any updates regarding that?

    Comment by Rehaan — May 20, 2008 @ 3:54 am | Reply

  687. Rehaan,

    yes, started for yesterday ….my builde has few more to sell and he those r good deals and a best buy …let me know if u are looking in this layout….

    ,,,
    Senthil

    Comment by Senthil — May 20, 2008 @ 5:32 am | Reply

  688. Guys,
    I am planning to buy an apartment near ITPL.I have shortlisted Prestige Shantiniketan or Prestige palms. Can anyone tell me the guideline value for that area for registration.
    I am purchasing it from someone who has not yet registered it.Will the first registration work out to be cheaper for me.For example, the owner is asking for 46 lakh + registration. How much extra do i need to pay towards registration/service tax/VAT etc.

    Comment by Goldy — May 20, 2008 @ 10:28 am | Reply

    • 4 lacs…….so 50 lacs and prestige is a thief……ass holes are they…

      Comment by abc — May 5, 2009 @ 10:03 pm | Reply

    • Prestige palms? 3 BHK? Well that probably is a good price!

      Comment by Vikas — May 6, 2009 @ 9:50 am | Reply

  689. 669- Chidambar,
    Arratakulam developers are good one.One of my friends has taken there in the Siggnasandra area.They allow you for certain modification if construction is in initial stage.Normal delay of 6 months is expected. Quality of construction and floor plan are good.You should see their project.

    Comment by Goldy — May 20, 2008 @ 10:42 am | Reply

    • Arratakulam developers are not good now.

      Comment by Anonymous — May 4, 2010 @ 12:42 am | Reply

  690. Hi goldie,
    About your seeing advice on wheather to buy prestige shantiniketan or palms, i would suggest shantiniketan. The reason being, if you see the developments happening there, this area is sure to become another `indiranagar`. It will have malls, multiplexes, good eating places, hotels, (already big bazaar is there in this area). Of course, this is my suggestion, pls consider before making your own decission.

    Comment by vishal — May 20, 2008 @ 5:05 pm | Reply

  691. Hi,

    I am going to buy an apartmaent near to krpuram railway station.
    2 bhk cost——26l
    1024 sqfeet
    Is it worth to invest 26L on apartment near to krpuram railway station.
    is that area will develop……
    Please give advice…….

    Regards,
    chaitanya

    Comment by chaitanya — May 22, 2008 @ 1:50 pm | Reply

  692. 693- Chaitanya,
    2BHK for 26 lakh seems to be a reasonalble rate.I see lot of development work within 2-3 km. of KR puram railway station.Brigade metropolis is going to come up in madhevpura.That will have some commercial complex too.On the outer ring road a multiplex/mall(i think IDEB) is going to come up near bhagini restaurant.The metro will come to old madras road in the first phase. Peripheral ring road will cut Old Madras road. So all these places will come in close vicinity to the KR puram railway station.In my view,that area will develop.

    Comment by Goldy — May 23, 2008 @ 9:06 am | Reply

  693. I was going through Radiant Enclave in Kengeri satellite town by Radiant Structures for 28Lacs. is it worth buying? and does anyone know about radiant structures http://radiantstructures.co.in/ as i am not finding any review on these builders

    Comment by chidambar k joshi — May 23, 2008 @ 2:55 pm | Reply

    • Hi,

      I am thinking to book an apartment in Radiant Enclave( which is in Kengeri satellite town by Radiant Structures)

      Could you please tell me, whether you purchased? Is it worth buying? Could you please tell me your opinion?

      thanks
      Krishna
      9620187418
      krishna.shetty.h@gmail.com

      Comment by Krishna — June 19, 2010 @ 10:08 pm | Reply

  694. Hello 681 Senthil,

    Can you give us more info on the project, builder??Green Glen Layout, Bellandur???

    Ram

    Comment by Ram — May 23, 2008 @ 6:15 pm | Reply

  695. 696 Ram,

    u can email me at senthilvelm@hotmail.com

    ,,,
    Senthil

    Comment by Senthil — May 24, 2008 @ 12:49 am | Reply

  696. Hi Sheetal,
    Thanks for the inputs. I have already made my mind and purchased a flat with SLS.
    I may be moving in by End of June..

    cheers
    Chetan

    Comment by CHETAN — May 25, 2008 @ 12:10 pm | Reply

  697. I have seen an apartment near Marathalli. But there are couple of things regarding which I am confused.
    Builder has got approval from BMP only for G+3 floors but he has constructed one illegal floor on top having exactly same number of flats a lower floor.
    Also, he has not left the desired space of 10 ft from the main road.

    How safe is to buy a flat in such a building ? Can it create some problem later ?

    Comment by Manu — May 26, 2008 @ 9:45 am | Reply

  698. hi all,
    can anybody let me the prevailing rate for car park,water,electricity ,registraltion and vat ?
    how are these calculated?

    Comment by satish — May 26, 2008 @ 9:56 am | Reply

  699. Hello,
    I am planning to buy a 2BHK apartment in Jeevan bhima Nagar,built by Team builders.The builder is quoting 3300 psft negotioable here.Any idea if the rate per sqft quoted by the builder make sense.Has anybody in the mailing list dealt with the Team builders.
    Suggestions invited mlravi@gmail.com
    Ravi

    Comment by Ravi — May 26, 2008 @ 10:00 am | Reply

  700. hello Manish
    its a great blog. thanks a lot.
    I have one query for Maninsh and Others.
    I am in touch with a builder in R T Nagar. This is near white house.
    the area is 1250. he is quoting 2350. (govt value is 1500 here)
    total comes to 29.37 lac. and he is asking for 34 lac. which includes car part,water,elctricity, registration,vat..
    so it means additional 4.6 for the extra things. is it normal?
    can someone tell.
    i would be grateful if someone throws some light on this. because its a little urgent and the builder is saying there are so many people coming and seeing the apartment and it might get sold

    Comment by satish — May 26, 2008 @ 2:56 pm | Reply

  701. I heard the sales people saying that Penthouses are not considered in the approval docs and they don’t need a separate approval. I saw quite a number of houses in Green Glen Layout and found that the builders/sellers are trying to sell the top floor as a Penthouse, while they are nothing nut an additional floor above the approved level.
    Can someone guide here please? I feel it could be illegal.
    Abhinava

    Comment by Abhinava — May 26, 2008 @ 5:00 pm | Reply

  702. Hi all,

    First all thanks Manish for the one stop shop for buying a house in bangalore.

    I was planning to buy a flat at Bannerghatta junction close to Ranka colony. The builder is Epitome builder. If anyone has heard or got any information for this builder please do let me know…

    I would be eagerly waiting for comments if any about this builder

    Comment by Chetan — May 26, 2008 @ 5:47 pm | Reply

  703. Re to 700, im not sure , but a couple of pricing i received had
    Car Park (1 lks to 1.5 lks)
    Water(1 lks to 110/- sft.)
    VAT (4% of (Basic+CP+Deposits))
    Registration and stamp duty (just heard)around: 1% and 8% of (Basic+CP+Deposits)
    Some builders even charge seperately for amenities.
    its just what i know…

    Comment by Swathi — May 27, 2008 @ 3:52 am | Reply

  704. For 699 & 703:

    Don’t even think of buying if the building has extra floor built. You’re at risk if you buy something which deviates from sanctioned plan. I know that several builders deviate from sanctioned plan but at least make sure deviations are “minimal”. I’d never recommend buying flat which have extra floor built. Refer bmponline.org to know the penalties. Always make sure to see the ‘sanctioned plan’ even before negotiating!!

    Regarding this one

    >> so many people coming and seeing the apartment and it might get sold

    It’s just a pressuring tactics, never fall for that. Tell them clearly that you need time to make decision and ask them to go ahead if anybody else is interested.

    Comment by venkat — May 27, 2008 @ 3:55 am | Reply

  705. thanks a lot swathi and venkat.
    venkat,
    yah you made a good point. its a tactic by them. thanks

    btw i have one more question regarding legal aspects. in the same apartment, he has built a penthouse or something for which he doesnt have approval. (atleast he admitted he doesnt have approval)
    he also says someone already bought it and the buyer is aware of that too.
    my question is, will it affect the other floors in the apartment? i cudnt find this at bmponline.org

    Comment by satish — May 27, 2008 @ 4:09 am | Reply

  706. @ All
    does anybody know the prevailing rate for apartment ( withought taking car park,water, reg etc into consideration) in RT Nagar, Dinnur Main Road. Ganesha block.( Near white house, spensors retail store. some people call this are sultan pallya too)
    He is quoting 2350. is it reasonable?
    one thing i noticed is that the apartment rent is flat here over the last 2 years or so. i havent seen any appreciation or depreciation.. and i had enquired in a couple of apartments about 8-9 months ago.. these are still not sold out. when i asked why these are still there, one guy said, it was not complete yet. so people didn’t book. and the other one said, they haven’t done marketing as he wasn’t in need of money.
    (btw these both are medium sized apartments and not from reputed builders)

    Comment by satish — May 27, 2008 @ 4:21 am | Reply

  707. *correction*
    one thing i noticed is that the apartment rent is flat here over the last 2 years or so.
    i didnt mean rent. i meant rate. (sale rate)

    Comment by satish — May 27, 2008 @ 4:22 am | Reply

  708. Can anyone give me feedback about spectrum ambara??? it is situated near to ITPL.

    Comment by Shan — May 28, 2008 @ 7:53 am | Reply

  709. Guys ..never buy any property from Confident Bangalore. The quality of construction is very bad. They promise ou something and deliver something. Till you buy the property they behave very nicely after that they show own colour. I have spoken to few guys before I decided not to invest. Noone is happy abt the construction.

    Comment by Vivek — May 28, 2008 @ 5:45 pm | Reply

  710. I am looking for an apartment around ITPL, whitefield area. Anybody aware of prelaunch offers available there?

    Comment by Rakesh — May 29, 2008 @ 7:38 am | Reply

  711. can someone recommend a good lawyer in north bangalore

    Comment by satish — May 29, 2008 @ 8:47 am | Reply

  712. Hi,
    SLS Serenity is quoting Rs.2800 per Sqf, It’s located in Marathahalli. The builder says only very few flats are left
    and they ready to occupy. The price is excluding Registration, Car park, Water and Electricity

    Do you think it realistic price.? Please suggest the price per Sqf around that area.
    I think the location is bit advantage, It’s next to the Marathahalli/ Sarjapur road.

    you can contact me at preetham4040@yahoo.com

    The location of the apartment can be found at
    if you search for SLS Serenity on Google.

    Thanks in Advance..!

    -Preetham

    Comment by preetham4040 — May 29, 2008 @ 9:17 am | Reply

  713. Re 714, The rate quoted doesn’t just depend on Area alone, it also depends on the builder, the construction, amenities and location ofcourse. So in same locality 3 different builders can quote 3 different prices. Are they good builders?

    Comment by Swathi — May 29, 2008 @ 1:28 pm | Reply

  714. How can we figure out that the builder has approval for G+3 floors ? One marketing executive told me that it plot should be minimum 4000 sq. ft to construct G+3. Is it true ? I have seen projects where there are only 2 houses in a floor (<3000 sq ft area) having G+3 and builder claimed its approved.

    Comment by Swathi — May 29, 2008 @ 1:34 pm | Reply

  715. Hi,

    I am planning to book a flat in Nitesh Forest Hills which is situated in Whitefield. Is any one aware of this? suggestions/advice would be very helpful.
    You can mail me at anamikasri@gmail.com
    Regards,
    Anamika

    Comment by Anamika Srivastava — May 30, 2008 @ 5:43 pm | Reply

  716. Hi
    Am looking at Vaswani’s Pinnacle near ITPL in Whitefield. Any feedback on the group, project?
    thanks

    Comment by Ashish Anjan — May 31, 2008 @ 8:15 pm | Reply

  717. Has anyone booked or know about the sai mitra meadows apartments in kaggadaspura

    Comment by Sachin — June 1, 2008 @ 9:22 am | Reply

  718. Hi Guys,

    I stay in a rented house in Indiranagar and work in Domlur. I am looking to a self owned one now( not sure about an apratment or an independent hosue).

    Any pointers and any suggestion on where to start from woul be helpful.

    Regards
    Vinod

    Comment by Vinod — June 1, 2008 @ 2:55 pm | Reply

  719. Hi Guys, Thanks for devoloping this site its good information, I like to have why most of the people likes Flats-Apartment than Villa, can any body explain me, since I’m looking for Villa, also I like to know to Who are good builders at Bangalore,
    How is the idea of having Villa at New airport road -Devana halli, Pls reply me to if any body has got information to giroop2003@yahoo.co.uk

    Comment by Gireesh — June 1, 2008 @ 3:07 pm | Reply

  720. Does anyone know anything about the builder Gopalan enterprises? I had reserved an apratment in the Vijayanagar area ( Brindavan). A few months ago i shifted to Chennai. Now I am wondering whether it is a good time to sell the apartment ( it will be ready in August/ September) or hold on to it and rent it out. What is the market like in Bangalore? Anyone know anything about the forecast?
    Rita

    Comment by Rita — June 2, 2008 @ 2:38 am | Reply

  721. 710, Shan,

    I am interested in Spectrum Ambara apartments..also. Can you give us your feedback???? Please email me at kalaram01@yahoo.com

    Ram

    Comment by Ram — June 2, 2008 @ 8:24 pm | Reply

  722. hi,I was looking for a flat at Sneha builders (http://www.snehagroupindia.com/ ) near Hoodi junction. I can see that many people in this forum had queried for Sneha builders and also some people have some suggestions/complaints about these builders.
    Any info regarding this will be very help ful.

    Would appreciate if you can write/call me .I am reachable at 9845730820 / sraban.subudhi@ge.com

    Comment by Sraban Subudhi — June 3, 2008 @ 4:37 am | Reply

  723. ittina anai is very good design and very aesthetic too.. i dint face any problems with the service apartment thigny.. but i got a good room wwith pool veiw and duplex.. i am very happy too with the service and i am ready to move in soon..
    i saw abha too.. project is very good.. again nice design.. every room has a good pool veiw.. might invest in it for my parents.. or maybe move there after its completed 😀

    Comment by Anonymous — June 5, 2008 @ 1:18 pm | Reply

  724. we wanted to buy a house in electronic city. so we saw an apartment in kammasandra village in ananth nagar but we have paid advance booking amount also but the biggest problem we noted after booking is the bad smell from biocon what should we do now pz advise us…. since everybody has commented their own problems i think i may also get a good solution to my problem

    Comment by vidya — June 5, 2008 @ 3:05 pm | Reply

  725. Hi Manish,

    I am planning to buy an apartment at vignanagar, so if you have any idea regarding the prices per sq ft of that area then please let me know, I will be able to make a fair deal, Also please let me know will these be a good decision to buy a flat at vignanagar(especially water supply)?

    Thanks in Advance!!

    Comment by Yash — June 9, 2008 @ 8:21 am | Reply

  726. Hi Friends,
    I have purchased a flat on B.G. Road , recently. When i want to get my Khata transfer, different people are telling different amounts(Ranging from 3500/- to 25000/-). In reality how much we should pay for Khata transfer. My Flat Reg cost is around 11 lacs.

    Regards,
    Rama Rao.

    Comment by Rama Rao — June 9, 2008 @ 12:56 pm | Reply

  727. Hi,
    Any feedback on Arya Realtors. i am planning to buy a 2 BHK at Arya lotus at whitefield.
    how are they to deal with ? and their reputation in the market ?

    thanks for the help
    – sandy

    Comment by Sandy — June 9, 2008 @ 3:49 pm | Reply

  728. Dear Vidya,

    Before making an advance have you entered into agreement or LOI. If its so you can take back your money subject to recitals of the same… You have lot of option like you can terminate your transaction or you can demand for Compensation etc., If you require any more clarification you can mail to prashanth.mirle@gmail.com

    Comment by Prashanth Mirle — June 10, 2008 @ 5:01 am | Reply

  729. Dear Sandy,

    I would like to suggest one thing here. If you want to buy any property first make sure whether they fallowed the Prescribed law and procedure. Because today many reputed developer also hanging with lots of litigations.

    Best Regards,
    V.Prashanth Mirle

    Comment by Prashanth Mirle — June 10, 2008 @ 5:07 am | Reply

  730. Any idea about Divyajyoti Lake view County on Hosur Road from Arattukulam builders? They are quoting a price in the range of 1950-2100/- per sqft depending on the floor. How is construction quality ?

    Comment by Amit — June 10, 2008 @ 9:09 am | Reply

    • Amit, Did you buy apartment in Divyajyoti Lake view County?

      Comment by vinay — July 1, 2009 @ 7:27 am | Reply

  731. Everyone, Any feedback on Vaishnavi Constructions?? (not Vaishnavi Group – many people have confused me on this) – their website address is http://www.prakashgrp.com/. I am looking to buy a 3 bedroom apartment and wanted to check for any experiences.

    Comment by Vijay — June 10, 2008 @ 5:08 pm | Reply

  732. Rama Rao,

    Actual Khatha transfer costs a minimal amount if you do it yourself (Less than Rs. 500/-) but the hassle involved is so much that it is worth any price (well actually around 14k is what I paid). My friend wanted to save money on this, but didnt realize how much time one has to spend running around to get the job done. And since it was election time – it compounded the number of visits he had to make. Basically it comes down to the time value of money. If you have time, do not pay anything to anyone – go straight to the corporation office with your documents. But if time is a luxury – then luxury has a price – for me Rs. 14k. Hope this helps.

    Comment by Khatha transfer — June 10, 2008 @ 5:14 pm | Reply

  733. I posted a question earlier but it did not appear for some reason. I am looking to buy my second apartment and have liked a project by Vaishnavi Constructions in RT Nagar (not to be confused with Vaishnavi Group). Their website is http://www.prakashgrp.com/ and it is costing about 41 lakhs. The price seems reasonable to me for the area, but I want to know other peoples thoughts about the reputation of the builder. Thank you for your help.

    Comment by Khatha transfer — June 10, 2008 @ 5:30 pm | Reply

  734. Hi All,

    Any idea when the new Govt will make the Next steps of BDA approvals? before the elections it was something like once the elections are done the Akrama\Sakrama things will be done and the new titles will be provided for few areas ..any one aware when this will be done ?

    Comment by Senthil — June 11, 2008 @ 5:51 am | Reply

  735. Dear Senthil,

    As you aware the Karnataka High Court had stayed the scheme on December 11, 2007 itself, according to the court order government has to bring some modification in Akrama-Sakrama scheme. However in the first instance the State government extended the deadline to file applications till March 31, 2008 again it gets extended till this month end and It made a few modifications in the scheme to make it more people-friendly. However 18th of this month court going to take-up the matter for hearing lets we can watch what will be the outcome with its decision on the scheme.

    Regards,
    V.Prashanth Mirle

    Comment by Prashanth Mirle — June 11, 2008 @ 10:43 am | Reply

  736. guys,
    any impact on RE after RBI’s interest rate hike?

    Comment by satish — June 12, 2008 @ 4:19 am | Reply

  737. Thanks a Lot Prashanth ..lets seee when is this going to happen ..

    738 – satish >>>> whats the increased rate as of today ?

    Comment by Senthil — June 12, 2008 @ 5:37 am | Reply

  738. Hi! Any body noes about ITTINA ABHA project in marthahalli, Project looks good but have some problem it seems. Project is half way and is stop for last six months, And i heard that ittina group comes under blacklisted developer. Any body has idea about that. Plz let me know

    Comment by Sanju — June 12, 2008 @ 5:08 pm | Reply

  739. Hi! Any body knows about ITTINA ABHA project in marthahalli, Project looks good but have some problem it seems. Project is half way and is stop for last six months, And i heard that ittina group comes under blacklisted developer. Any body has idea about this project. Plz let me know

    Comment by Sanju — June 12, 2008 @ 5:12 pm | Reply

  740. 737 – Prashanth ,
    today in newspaper that the akrama\sakrama things will be heared by court only on dec 31st ? do u have an insight on what this mean ?

    Comment by Senthil — June 13, 2008 @ 8:19 am | Reply

  741. hi,

    Has any one booked a flat in Esteem Enclave on Bannerghatta road. I m planning to book a flat in Esteem Enclave. Please Share your experiences with Esteem builders.
    Also are the rates negotiable and if yes then how much?

    Comment by Radha — June 13, 2008 @ 1:17 pm | Reply

  742. Hello,
    Even if you advocate gives a go for a property by seeing the papers, ask the builder if he will give an occupancy/completion certificate. If no, inform your advocate and take his opinion. This certificate is issued only after the completion of the building. If the builder has deviated from the approved plan, he would have to pay penalty and obtain the certificate. Which, he won’t do. I have taken the opinion of 3 legal advisors and they have strictly asked me not to invest in such a property cos the end result would be the owner paying up the penalty. Thought of sharing this for your information.

    Ashvini

    Comment by Ashvini — June 13, 2008 @ 4:08 pm | Reply

  743. Hi All,

    Has anyone booked a flat in Oceanus Monarda, Off Sarjapur Road.

    Rgds,
    Vikas

    Comment by Vikas — June 14, 2008 @ 3:14 pm | Reply

  744. Hi All,

    Check out this blog for good and bad feedback on many highly publicised builders …

    http://angraze.wordpress.com/2006/08/05/property-builders-in-bangalore/

    Thanks
    KC

    Comment by KC — June 14, 2008 @ 7:43 pm | Reply

  745. I am planning to buy a esteem developers enclave off bannerghatta road…
    Rajeev can you tell me more details about price n floor on which u have booked the flat.
    Any one else who have booked or know more details Please let me know ASAP.

    As he is telling that after 20 days the rate will be more ….

    Comment by Kunal — June 15, 2008 @ 3:11 am | Reply

  746. Has anyone booked an apartment in Rohan Jharoka ?
    Any inputs / feedbacks ??

    Comment by Biswajit Dash — June 16, 2008 @ 6:47 am | Reply

  747. ITTINA ABHA project is at good location with lots of problem, it is under construction for last 3 years and construction is stopped due to legal issue for last six months and nobody knows when it will start and when flat owner will get the possession. This is status of ITTINA ABHA. Inquire more and more before taking decision for this project.

    Comment by Ramesh — June 16, 2008 @ 11:56 am | Reply

  748. 742-Dear Senthil
    Government has made further extension from June 31 to December 31 (i.e., till end of the year) tomorrow High Court going to here on same matter…
    745- Dear Ashvini
    I appreciate your safety measures on property matter and recommendation on occupancy certificate.
    Flat/apartment concerned I would like to add few more things here, generally in Bangalore all developers never fallow actual guidelines (i.e., you cant find 100% ) always u have to carry the deviation up to certain limits. But there are many rules laid down to construct the building like residential/commercial/ Industrial buildings if u want have any of this or portion thereof first u need to verify the zonal classification. If the building is developed for residential purpose and the property classifieds as industrial purpose or some time it may come under green belt. Than it amounts violations of the law….
    In these way scrutiny of documents, permissions from the concerned authority and verifications from zonal classification/ land acquisitions/encumbrances/ charges / agreements/ GPAs etc., needs to be verified.(there are lots of thing need to know)

    Regards,
    V.Prashanth Mirle

    Comment by Prashanth Mirle — June 17, 2008 @ 11:51 am | Reply

  749. Has anyone booked a flat in Esteem Enclave, Bannerghatta road. Please share your experience and thoughts about this project.

    Comment by Radha — June 18, 2008 @ 10:05 am | Reply

  750. Frienz,

    Does any one has idea about the present rate in G.M Palaya? I approached two builders. One builder (Vasundhara Builders and Developers) is quoting Rs 2500/sq.ft inclusive of Car parking/Water/Power and exclusive of VAT and registration tax. Other builder is quoting Rs2000/sq ft exclusive of all the above.

    Can someone please advise?

    Thanks,
    Kumar

    Comment by Kumar — June 18, 2008 @ 10:14 am | Reply

  751. 750 Prashanth

    Thanks for the info.
    so will the BBMP accrediations for cretain areas be done only next year ?

    Comment by Senthil — June 18, 2008 @ 11:19 am | Reply

  752. Friends,

    Can some one advise on the present rate in GM Palya. I have enquired with AR Builders and they are quoting as Rs2000 (negotiable)

    Is it advisable to go further?

    Thanks,
    Kumar

    Comment by Kumar — June 19, 2008 @ 8:40 am | Reply

  753. Dear Senthil,

    My kind advise is that you should not be under the impression that BBMP alone accredit your title on sakrama… in this point I want convey the message to you that you never wait for the scheme or accredits by Govt, before make sure about ur property title than find out the solution. Because there are many ways of violations like unauthorised layouts or unauthorised constructions or illegal developments or illegal constructions etc., based on these things scrutiny will take place. Than the legalization of the property subject to their observations.

    Best Regards,
    V.Prashanth Mirle

    Comment by Prashanth Mirle — June 19, 2008 @ 11:41 am | Reply

  754. Hi Manish,

    Very nice article…the queries and answers are also quite informative.

    Want feedback on Royal Legend, Bommanahalli… How is the quality of construction? Also, is the area safe, as the approach road seems to be an issue.

    Comment by Kumar — June 19, 2008 @ 7:06 pm | Reply

  755. Hi Manish,

    Thanks for the info. I had been looking out for an Appartment in Bangalore and thought of finalising one.. But when i got the papers verifiedI was informed that the plot does nto have any issues but the Builder has violated the Plan – The approved plan and the actual construction plan are entirely different. he has got approval for 1BedRoom appartments for that site.. but he has constructed 2 and 3 BHK ones.. The One I was looking for is a 3 BHK. He has left 6 feet on front and back side of the appartments (Both sides roads) and may be 1-2 feet on other 2 sides.
    Now i would like to know
    1. will it be risky to goahead and invest in this flat?
    2. Why the builder got approval for 1 BHK and not for 3 BHK ?
    3. Any options to get this regularised?

    Thanks
    Hemanth

    Comment by Hemanth — June 20, 2008 @ 7:25 am | Reply

  756. Reg Coment N# 744
    Hi Ashwani,

    Do you mean that if the construction plan varies from approved one the builder cna get it rectified?
    I came across the same situation and could not take a decision.. The builder says that 100% builders deviate from the approved plan.. My case the deviation is more thatn 50%. I have asked them to hold till I get legal openion..

    Thanks
    Hemanth

    Comment by Hemanth — June 20, 2008 @ 7:30 am | Reply

  757. I have booked in Palm. But it is too early to comment on the quality and all. Normally I heard they are good builders. Only point which worries me, why is Shobha able to sell at 3200/sqft in the neighbourhood while they are selling at 2600.

    Comment by shiv — June 20, 2008 @ 1:18 pm | Reply

  758. Real estate sector facing severe cash crunch

    http://economictimes.indiatimes.com/Real_estate_sector_facing_severe_cash_crunch/articleshow/3130151.cms

    Comment by harish — June 21, 2008 @ 8:49 am | Reply

  759. We’ve narrowed down on a apartment and paid the booking amount. It was approved by HDFC but we approached nationalized bank for loan. They’ve rejected the application stating project has 200% deviation!! In each floor allowed built up area is 1350 sq ft (as per sanctioned plan) but they’ve built about 3800 sq ft. Even though number of floors and number of units in each floor are as per the sanctioned plan, this floor area deviation is really scary. Builder is claiming that BMP has revised the FAR ratio and as per latest FAR, deviation is within 50%. Builder is not ready to get occupancy certificate.

    I don’t know whom to trust HDFC or nationalized bank? Could you please suggest what to do now?

    Comment by Anonymous — June 22, 2008 @ 9:55 am | Reply

  760. Hi, Can i get your opinion about Amsri White Pearls project in Whitefield. If anybody booked there, please give your feedback.

    Comment by ravi — June 22, 2008 @ 3:11 pm | Reply

  761. Hi Guys,
    I am planning to buy an apartment in Gopalan Grandeur,Hoodi Circle. I am impressed with everything with them except the price. They are quoting 3200/- which was 2700/- just 4 months back. Could someone please advise me the correct worth price of that apartment?

    Comment by sbose — June 23, 2008 @ 9:46 am | Reply

  762. Any feedback on elegance granet at bellandur, outer ring road. Has anyone purchased apartment there?

    Comment by Rahul — June 24, 2008 @ 4:59 pm | Reply

  763. 689 – Hi Senthil,

    I recently moved to salarpuria softzone and looking to buy a flat nearby in green glen. What is the current rate of flats there in general? Also noticed some road laying work going on in most of the avenues in that area. Any idea if the lanes will also be taken up for tarring as I’m interested in a new project that is coming up on one of the lanes?

    Comment by Aniket — June 25, 2008 @ 5:02 am | Reply

  764. Hi Aniket ,
    The current rate in Green Glen Varies between 2100 – 2800 or so …
    Yes Road laying starter , and this is completed the rates MAY go up.Which apartment u r looking there?
    My builder has few more flats to sell, let me know if u r interested.Can get u a good deal.
    Also i may travel onsite , so am planning to rent my new flat , if u know any of ur frnds in Salrpuria Softzone who r looking for rentals can u pls let me know ?
    u can email me at senthilvelm@hotmail.com.

    Comment by Senthil — June 25, 2008 @ 5:08 am | Reply

  765. thank you very much for the suggestion you have given… but now its too late coz my hubby told me that after making the advance payment the owner is in receiving end and we wont get the advance money back…. never mind…we have bought the house…. for that house is concerned there is no issues, all the documents are very very clear… but the problem is the smell from the biocon that makes us feel embarrassed but what to do now all registration are all over…. i have a small question how come people in that area are living there?!! can’t the biocon change to some other place??? is that possible?? it is a wholesome request from ananth nagar people and nearby surrounding areas…. can this happen in some years??????!!!! i am and will be waiting!!!???…..

    Comment by vidya — June 25, 2008 @ 6:39 am | Reply

  766. Hi,

    I wanna invest in a flat in Bangalore East…I would like an advice from u guys..of which builder is good….there is so much confusion….as so many have been cheated….I will be thankful to u guys if u cld help me in giving builders who r genuine…….

    Thanks

    Rinku

    Comment by Rinku — June 26, 2008 @ 7:25 pm | Reply

    • Hi,
      Take care.
      Me and my friend had a harrowing time in recovering the advance money paid. Most of the buildings have different problems. Visit the apartment personally and discuss with the residents. Do not go by the brochures and online ads. Do not be in a hurry and make any advance payments and recovery is too difficult. We must have inspected around 100 flats in many areas, 75% have different problems, the ones,which are really good, priced very high. But, there are very good communities are living happily, getting an apartment there is very difficult and expensive. They do not let others to buy it, they buy and even keep it vacant. Buy the best with clear titles and no litigations and in a good community. This is also very important, as you are investing. When you want to resell, all these factors are considered.

      For the best legal and other expertise enquiry about the papers and verification, you can avail the services of eco pack.
      ecopackindia@yahoo.com

      best wishes

      Comment by ram — October 18, 2009 @ 1:44 am | Reply

  767. HAs anybody bought a flat with Orange Properties or any kind of transaction with them >? They do offer a lot of discount(??) most of which is actually factored in the price they quote. I cam across this link where there are lots of complaint abt them

    http://www.consumercomplaints.in/complaints/orange-properties-c52108.html

    And do they tell you the quality of furniture they are going to provide (bcos u can get the furnoshing done for a minimum of 75k whcih looks very cheap) as a qulaity furniture for a 2BHK cost around 3-3.5L
    Feedback aawaited..

    Comment by sunil — June 27, 2008 @ 6:43 am | Reply

  768. Hi Radha,

    I’ve booked a flat in Esteem Enclave in the front block. At present the 8th Floor is coming up. I’ll advise to go for the front block only since the rear block is delayed.My no. is 9886679712, incase if you want any other information.

    Comment by Rajeev Garg — June 27, 2008 @ 10:24 am | Reply

    • Hi Rajeev
      I am also planning to finalise a flat in Esteem. Can you give me more detials about your experiences with the builder.

      Comment by Navneeth L — June 9, 2009 @ 3:18 am | Reply

  769. 767
    Dear Vidya,
    Its very crucial matter…. Due to the same prob many people in and around Bangalore are suffering from different kind of deceases and some of the organizations already initiated legal proceedings against this kind of unhealthy activates before Court of law based of Right to health and clean environment…(under Article 21 of the Indian Constitution of India). So in ur matter is also the same…. U can question before court…. In my view Its also very tough job…. But in this situation I can only suggest u to consult an advocate to resolve the same (not individually if u have group of people with the documentary evidence).

    Best Regards,
    V.Prashanth Mirle

    Comment by Prashanth Mirle — June 30, 2008 @ 6:09 am | Reply

  770. Gopalan Grandeur is available at 2700/- now. They quoted 3200 last month. May be property prices have started falling. Moreover this project is a completed one and the quality of construction is far better than most of the A class builders.

    Comment by kapoor — June 30, 2008 @ 9:53 am | Reply

  771. Hi,
    1st, Thanks to Manish for writing this article and thus thus leading the way to have FAQ for Real Estate/Home Buyers in Bangalore. I am planning to buy an apartment. Continuing with that I have a few questions for all people how have experience of buying home.
    1. How the per sqr. ft. value is decided? Is it something controlled by Government like for X area current land rate is Rs Y/Sqr. ft.? For an apartment how it is decided? Is it at the discretion of the builder? If it is controlled by gov then how to/where to get that info?
    2. Can some body please list down all the legal procedure thats needs to be done while buying an apartment? (I have not much idea and thats why I mean everything starting from visiting the apartment/contacting the builder for the 2st time to moving into the apartment once everything is over. The documents, dealing with the builder, lawyers, agreements, registration etc etc everything possible)
    Hope I get some info/advice from the people here who already have experience with all these.
    Thanks

    Comment by Prince — July 1, 2008 @ 10:09 am | Reply

  772. Hi Prince

    1. The rate / sq ft is purely decided by the market value. However there will be a Govt specified value for that area. But for transactions only the marker rates dominate and thats the practice.
    2. Have a good lawyer contact. Right from start to end have all the docs scrutinized by the lawyer.
    3. First finalize on the bank.
    4. Get to know your eligilibility and the amount you can finanze from your hand.The more you invest from hand the less the EMI!!!
    5. Get to know if the area is BDA approved or not ? if not BDA get the correct info from builder.
    6. B4 you finalize on the apartment get to know few ppl who have already bought from there.Get enogh info onthe builder, quality and so .
    7. Once you get the Agreement doc, ask for Copies of all the docs – the builder will get all the docs mostly . Like the Joint Venture docs, Land registration docs,Encumbrance cert , Tax payment docs and so.
    8. Take these docs to the lawyer and get it verfied. Mot importantly check if there are pre existing owners for the same flat !!!.
    or check if there was a Agreemnt doc to any one else before you.
    9. all the banks also do the checkings done before they finance , but for personal satisfaction you also do it once.
    10. Get all the Rates – sq ft rates, registration cost , tax cost , and all those details before you apply for loan.The may be hidden things, so ask for all the inthings!!!

    ,,,
    Senthil

    Comment by Senthil — July 1, 2008 @ 11:28 am | Reply

  773. Hi,

    Can anyone give me more details about Golden Palms Apartment in Hennur, North Bangalore. Developer is Golden Gate properties. Has anyone in this forum invested in this apartment. Any feedback is appreciated.

    Thanks

    Shankar.

    Comment by Shankar — July 1, 2008 @ 1:30 pm | Reply

  774. i had a look at an apartment SK Iris at Kalayan Nagar built by SK builders and marketed by frontline developers. does anyone know abt this builders past pedigree..also frontline says they will provide a 30X40 farm house plot if we buy one apartment here…is this real or fake marketing gimmick?

    –Sandesb

    Comment by Sandesb — July 2, 2008 @ 11:13 am | Reply

  775. Thanks Senthil,
    That was really excellent reply and helped to clear a lot of doubts. However have few more doubts so if you/somebody can answer them that will be really helpful.
    1. what you mean by “market value”? who decides it? I wanted to know if there is basis on this? you can find that is same area different builders are asking different SFT rate! even is same building it varies depending on if 2BHK or 3BHK so how it is decided upon?
    2. Can you give little details about home loans?? Every banks seems to offers home loan and all claim their’s is the best one and will give u peace of mind.. what are the factors one should look for while considering the home loan?
    3. You said check some other project to ensure about the authenticity/quality of the builder but what if the builder is relatively unknown? To verify about the builder what are the document I should look for like you mentioned the land reg docs. tax docs etc. Can you give a list of that?
    Once again thanks for your response..
    regards

    Comment by Prince — July 2, 2008 @ 11:25 am | Reply

  776. Prince

    1.The prevailing market in that specific area decides the st ft rate.also may vary between builders, if the builders are premium ones.For example in my locality there are shobha apartments where the sq ftrate is quoted around 4000 + where as the other small builders quote around 2600 +, again depends on the failities the builder get u .
    the more the facilities the more the Maintenance charges on you !!!
    2. home loans- nationalized banks are best.few MNC banks get lucrative loan interests but check the inthings!!! i think the prevailking now is between 10.00 to 11.5 for floating.few say 11+ because they give loans even if the building is with few deviations and also they have facility to preclosure very often –things like that.
    3. Builder past projects are the best credentials to check for ….
    in which area are you searching ?

    ,,,
    Senthil

    Comment by Senthil — July 2, 2008 @ 12:32 pm | Reply

  777. Hi Everyone,
    I have liked flats by Nagarjuna const co.. called Meadows on Doddaballapur Road, yelahanka. (Next to Prestige Monte carlo, and Ramanashri , just before CRF). They are quoting 3190/- per sq ft. I have heard that NCC are a good company, deliver on time. But just want to know from friends through this forum, is this price justified? I shall be really happy to receive replies from you all. Regards, Indraneel.

    Comment by Indraneel — July 2, 2008 @ 1:00 pm | Reply

  778. This is in response to # 670.

    Hi Tito,

    Do you manage to gather any information on Concorde Silicon Valley. I am also planning to buy a Villa in this community. I heard that construction quality is not good, is it true?

    Regards
    Satya

    Comment by Satya — July 3, 2008 @ 9:59 am | Reply

  779. Hello,
    We are looking at buying a flat on resale. Please let me know what are the things to keep in mind when dealing with the seller. Also the seller wants some cash component. Is it safe to give the cash after the sale deed( which does not reflect the cash omponent) is done?
    Awaiting you help eagerly

    Rgds
    Anaga

    Comment by Anaga — July 3, 2008 @ 11:23 am | Reply

  780. Giving cash to Owner is not a problem. But better to write this in Sale deed. Already written?, its Ok, write new one with latest details.
    If you are going for bank loan, Bank will ask you how much you paid for seller (Cheque + Cash). You should have proof for Cheque (bank statement) & Cash (also statement of source bank or transaction). So reflecting the whatever amount you paid to the Seller is very important.

    Some Points to remember
    A. Sale Agreement
    1) Sale agreement with details like advance and remaining amounts.
    2) Sale agreement duly signed by Seller & their family (all immediate family members advised)
    3) Preparation of Sale agreement advised to be by Lawyer with all the legal sessions mentioned.
    4) Sale agreement should allow you sufficient time to investigate on the legalities of the property-say 45 days

    B. & C.
    The next step is Legal Verification & Bank Loan process (if required)
    Both should go in parallel to save your time.

    D. Registration Process

    Though buying a house looks easy, you need to put lot of efforts to make it easy.
    All the best.

    Comment by Apple — July 3, 2008 @ 8:47 pm | Reply

  781. Hi,

    I have got a quote of 48L (all costs inclusive) from a builder for a 3BHK in HSR layout. The area is 1500 sqft.
    Is this reasonable? Appreciate any insights.

    Thanks,
    JA

    Comment by JA — July 5, 2008 @ 12:40 pm | Reply

  782. Hi JA,
    how much is the per sq ft rate quoted ? what are all the amenities? how far from Agara or from HSR BDA complex?
    ,,,
    Senthil

    Comment by Senthil — July 7, 2008 @ 5:06 am | Reply

  783. Can someone, please reply to my question Sr.No.779 ? I had asked for advice to decide on project on ORR – Krihsnarajapuram junction at Rs.3190/- per sft. Thanks in advance.

    Comment by Indraneel — July 7, 2008 @ 5:21 am | Reply

  784. Hi,

    –>693
    before I posted in this forum for advice to buy flat at B Narayanapura.
    Before builder said the cost of apartment is 26L — 1024 sqfeet with registration .
    but now he is asking extra Rs42000/- for service tax.Is it worth to invest 26L in that area.
    Please I need advice quickly.

    Regards,
    Chaitanya.

    Comment by chaitanya — July 7, 2008 @ 12:31 pm | Reply

  785. Good location to discuss Apartment & real estate stuff.
    http://groups.msn.com/bdasites/blrapartments.msnw

    Comment by Kannan — July 7, 2008 @ 1:25 pm | Reply

  786. Hi
    I am working as a software engineer here in Bangalore for some time. I have been trying to find a good place to live in Bangalore. But it seems to me that it will be difficult for me to find a flat even around 30 km distance from my office and which comes within my budget. I know there are small scale builders. but I feel scared to go for that. today when I talked to a Kristal Group customer care person he said it will cost around 45 lac for a 3 BR flat in HSR layout. There are lots of NRIs buying flats just for investment who book flats just for 20 -25 lac and later sell for 40 45 lacs. Why don’t you think of people who are really in need of a living place? If 30K goes from my salary towards emi payment i wont have much money in my pocket for my family’s daily living. Then you might tell me i would do the same thing if i had been someone having lots of money in hand. But I firmly believe i wont do that as I want to let others live too. Builders increase their price just because they know there are people to buy it. they are selling the property for two to three times their actual cost.

    Anyway I am now forced to wait for some more time hoping the price may reduce a little 😦

    Regards
    Ren

    Comment by Ren — July 8, 2008 @ 1:25 pm | Reply

  787. Ren,

    i feel that if a flat cost 35 L as of now, it will not come down to 30 L in the future, may be a small variance may be, but not to a drastic levels…or it may even be 35 only …

    the earlier the best !!!

    ,,,
    Senthil

    Comment by Senthil — July 9, 2008 @ 1:29 am | Reply

  788. Thanks Senthil
    do you know any 3bhk/2bhk flat for sale which comes inside 30 lac (small builders are ok but reliable ones)

    Ren

    Comment by Ren — July 9, 2008 @ 6:07 am | Reply

  789. 789-Senthil,
    I explored in east bangalore.In 30 lakh you can go with Mahaveer (Reddy Structures). You can also look in Kagdaspura area and Doddanekundi area (off outer ring road)

    Comment by Goldy — July 9, 2008 @ 7:00 am | Reply

  790. Ren, Goldy

    recently my home search was over and we also moved in ..i bought my flat before the Inflation and before the % increase and also in the mid of recession…i ended up in 32.6 including the wood work also…

    I was looking in close by to Marthahalli Outer ring road from Koramangala and we are now in the Green Glen Layout…

    at that time for 30 i was not able to get a 1250 + sq ft flat with wood work ..

    ren yes u can get in the range between 30-35 including the registration …am not sure for 30 including registration and other features .

    ,,,
    Senthil

    Comment by Senthil — July 9, 2008 @ 7:15 am | Reply

  791. 779/785-Indraneel,
    If you are talking about Maple heights by nagarjuna,then 3190 per sq feet seems to be high.You can get better community like Brigade metropolis in the same rate in the same area.A couple of months before Nagarjuna was quoting 3290 per sq feet and they were not ready to negotiate.It has come down by 100 bucks.It is a good quality construction but i would rate it not higher than 2800 per sq feet. (Based on the area/quality/personal experience)

    Comment by Goldy — July 9, 2008 @ 9:55 am | Reply

  792. Hi All,

    Any feedback on item 775 that I had posted sometime back.

    I would like to invest in an apartment in Bangalore but I also have a genuine doubt. Would like to have some clarity on it.

    Due to the zooming inflation and RBI rate hike, all housing loan rates of all banks have gone up. In this case, there would be many genuine buyers who will keep away from the market due to the high EMI amount that they need to pay. Is it then possible for the developers to rake in money to continue with their on-going projects. Wont there be a cash crunch in the market. The alternative for the developers would be to borrow at high interest rates in the market to continue with their projects (and pass on this cost to buyers) or to stop their projects or adopt a slow-down approach. In such a scenario, is it wise to invest in any ongoing project in Bangalore in such uncertain times. Moreover, to add to the time delay, all projects promise all amenities like tennis court, gym, sauna, club house, swimming pool etc. It takes time to develop all these amenities. Is it then wise to buy a flat once it is developed so as to avoid the uncertainty and time delays albeit at paying a higher cost or is it wise to take a risk and invest in an on-going project and pray to God that the project gets over on time and without any problem.

    Any views or comments on this will be appreciated.

    Comment by Shankar — July 9, 2008 @ 11:32 am | Reply

  793. Hi All,

    Any feedback on item 775 that I had posted sometime back.

    I would like to invest in an apartment in Bangalore but I also have a genuine doubt. Would like to have some clarity on it.

    Due to the zooming inflation and RBI rate hike, all housing loan rates of all banks have gone up. In this case, there would be many genuine buyers who will keep away from the market due to the high EMI amount that they need to pay. Is it then possible for the developers to rake in money to continue with their on-going projects. Wont there be a cash crunch in the market. The alternative for the developers would be to borrow at high interest rates in the market to continue with their projects (and pass on this cost to buyers) or to stop their projects or adopt a slow-down approach. In such a scenario, is it wise to invest in any ongoing project in Bangalore in such uncertain times. Moreover, to add to the time delay, all projects promise all amenities like tennis court, gym, sauna, club house, swimming pool etc. It takes time to develop all these amenities. Is it then wise to buy a flat once it is developed so as to avoid the uncertainty and time delays albeit at paying a higher cost or is it wise to take a risk and invest in an on-going project and pray to God that the project gets over on time and without any problem.

    Any views or comments on this will be appreciated..

    Comment by Shankar — July 9, 2008 @ 11:35 am | Reply

  794. Hi Senthil,

    In response to 784, the price quoted per sq ft is 2800/-
    They are offering all std. amenities (swimming pool, gym, 1 car park).
    The location is near NIFT.

    Thanks in Advance.

    Comment by JA — July 9, 2008 @ 1:41 pm | Reply

  795. Hi JA,

    which builder ? premium one? how much from main road? BDA Approved ? loans from all banks?

    how much deviations ?

    as the inflation buzz word is all over u can make use of this time to bargain more….combined with the high % rates in banks…..
    ,,,
    Senthil

    Comment by Senthil — July 10, 2008 @ 2:01 am | Reply

  796. Mr. Goldy, thanks for your response. Well, there is slight goof up in my question. I had asked for meadows on doddaballapur road, next to prestige monte carlo. By mistake i wrote ORR maple heights, because, i had even enquired maple heights before, but three things made me decide not to buy there. First one , they were not reducing below 3290/- (which was above my budget, and since the project is almost over, i had to pay almost 90%), secondly only 2 bedroom flats available, and not 3 bedroom ones. Thirdly, the construction was almost over, ready for occupation. I wanted sometime for easy repayments, so dropped the idea of maple heights, and when i asked them about other projects under construction, they told about meadows. pls, if you have any knowledge of that area, pls help me. Regards, Indraneel.

    Comment by Indraneel — July 10, 2008 @ 8:14 am | Reply

  797. Hi!

    Looks like I am in the ‘house-hunting’ group now too. I am a total fresher in terms of ‘how to buy a house’?

    Any guidance on how to select a builder will be a good kick-start for me.

    Regards,
    Jaws

    Comment by Jawahar — July 10, 2008 @ 9:53 am | Reply

  798. Has anybody purchased flats from Frontline builders.? They are giving offering freebies like free site at Maddur, Woodwork etc. How is the quality of construction? Are the rates reasonable? I am planning for one near Vidyaranyapura.It is called Mother’s Perinnial homes from Frontline builders. For 113 sq.ft SBU, they are charging 29 lakhs (including flat basic cost of Rs.1950/sq.ft), car park, KEB, BWSSB, Generator, Registration and taxes).How do you rate this deal? Has anybody pruchased from these builders?

    ABG

    Comment by ABG — July 10, 2008 @ 12:07 pm | Reply

  799. Oops. It was not 113 sq.ft. But 1153 sqft SBU.Correct it in Post nO. 799.

    ABG

    Comment by ABG — July 10, 2008 @ 12:08 pm | Reply

  800. 800 ->
    Hi ABG,
    I read somewhere on the net (googling should get you) that Frontline are not really builders but sort of like brokers. Not very sure though.

    JA

    Comment by JA — July 11, 2008 @ 1:13 pm | Reply

  801. JA,

    i think 2800 per sqft is a high at this climate ….check more options…

    ,,,
    Senthil

    Comment by Senthil — July 13, 2008 @ 3:30 am | Reply

  802. #775 – I have booked a 1835 3bhk at Golden Palms near Hennur Road. So far so good.

    Comment by Hari — July 14, 2008 @ 11:17 am | Reply

  803. Hi Hari,

    What is the rate that you paid? How is this project and quality of construction?

    Comment by Shankar — July 14, 2008 @ 11:19 am | Reply

  804. Any body has any idea on Srisairam projects pvt ltd. They have a project in between marathahalli and KR puram called The Greens. PSFT 2400. the builder seems to be relatively new.Is this price reasonable in this area.

    Comment by Pani — July 14, 2008 @ 4:55 pm | Reply

  805. Hi…
    Cld anybody pls give me info on Green India Builders at HRBR Layout, the architects are De Flake Associates. If anybody knws pls do advice.

    Thx

    Rinku

    Comment by Rinku — July 14, 2008 @ 5:18 pm | Reply

  806. Hi Padma,

    Based on your query (blog #277), just wanted to enquire whether you went for Gopalan Jewels? If yes, can you please provide me your contact details. I’m a prospective buyer and want to talk to you.

    Best Regards,
    Hari

    Comment by Hari — July 16, 2008 @ 6:08 am | Reply

  807. 800—> Beware of Frontline Builders.

    Tks,
    Kumar

    Comment by Kumar — July 16, 2008 @ 11:29 am | Reply

  808. Hey,

    Cld anybody tell me abt Sanura Builders and Promoters, they r coming up with an apt at Banaswadi, the land owner is Manhoar Reddy.

    Pls do let me knw.

    Thx

    Comment by Rinku — July 16, 2008 @ 5:49 pm | Reply

  809. Dear Kumar(Post No:809)- Any bad experiences with Frontline Builders?Can you pl. throw some light as I have paid Rs.25,000/- for Booking the flat indicated in post No:800/801.

    ABG

    Comment by ABG — July 17, 2008 @ 8:07 am | Reply

  810. Hi,
    Was wondering if any of you had bought a flat in Euphoria close to Suncity (on ORR Sarajapur road)I have been quoted about 2600 per sq ft plus charges. Does this sound reasonable for a flat that is about 2000 sqft in size? Their ammenities incluse a club house, swimming pool and car park.

    Thanks,
    PFX

    Comment by PFX — July 17, 2008 @ 1:47 pm | Reply

  811. frontline builder is not a builder, they are cheater.Be careful with them.

    Comment by Sanju — July 18, 2008 @ 6:56 pm | Reply

  812. Hi,

    Anybody had any experiences with saijayini builders? Planning to buy a property being developed by them in girinagar, they are quoting 3750 Rs per sq.ft with no amenities. Appreciate a feedback good or bad abt the builders mentioned above.

    Comment by h.s.s.sridhar — July 19, 2008 @ 6:32 pm | Reply

  813. Hi,
    A useful write up.

    Any flat buyer in HSR layout area beware of Srinivasa developers .He has developed saipoorna heights in 27th main and handed over to owners 3 yrs back and till now did not do katha transfer on flat owners’ names.Did not fulfill all the promises n now is building saipoorna paradise behind saipoorna heights.Do not buy a flat in saipoorna paradise and be a victim. http://srinivasadevelopers.com

    Comment by Sachin — July 20, 2008 @ 3:32 am | Reply

    • Hi Sachin, Do you own a flat from this developer? My friend had seen a flat in saipoorna paradise and planning to purchase. It looks like they have approval from 7-8 banks, BDA approval etc.. any inputs? Please let us know.

      Comment by Swaroop — November 22, 2009 @ 12:55 pm | Reply

      • Hi sachin & swaroop,
        Any of you own a flat in sai poorna paradise…Any comments /suggestions.
        Planning to buy a resale flat there..are there any prevailing issues?
        Pls advise

        Comment by Ramani — March 30, 2010 @ 9:27 pm | Reply

  814. Hi All,
    I have come across an article which shows that residents of Spring Fields apartment in Sarjapur road are asked to vacate, since the builder has violated the BDA norms.

    http://bangalorebuzz.blogspot.com/2008/07/1300-residents-left-in-lurch.html

    Just worried as to how a home buyer can ensure that every one detail of the house is legal before we put our hands in it.

    Comment by Gita — July 21, 2008 @ 8:13 am | Reply

  815. For post 811:

    Hi ABG,

    It is better to go with re-nowned builders. Frontline Builders are marketing people and they promise you anything. They are not real builders. Please goodle(Google Search) for frontline builders and you ll come to know of bad experience.

    Rgds,
    Kumar

    Comment by Kumar — July 22, 2008 @ 6:30 am | Reply

  816. Just a comment on these 30 L apartments.

    When you file your ITR2 tax returns (those giving 1st house on rent and buying another) please note you have to declare if you have purchased anything above 30 L in that year.

    Comment by PS — July 23, 2008 @ 11:20 am | Reply

  817. Any feedback on elegance gaenet at bellandur, outer ring road. Has anyone purchased apartment there? Appreciate a quick response.

    Comment by Nagaraj — July 25, 2008 @ 7:23 am | Reply

  818. Any inputs on 819 would help a lot.

    Comment by Anonymous — July 25, 2008 @ 1:39 pm | Reply

  819. Any input on “Paramount Pilatus” Bannerghatta Main Road

    Comment by SSKumar — July 28, 2008 @ 12:32 pm | Reply

  820. Hi,

    I am planning to book a flat at Golden Blossoms at Whitefield. Can anyone advice me about the builder. The quality they are providing is awesome. But I am a bit worried about the builder. Also they are charging us One year maintenance deposit which is fine. But then they are also asking to deposit 50k for some corpus fund for an organisation which will take care of mainting external of the buildings. Is this not included in our monthly maintenance?Does external paints of building to be paide seperately?

    Any review comments are appreciated.

    Thanks,
    RS

    Comment by Rozina — July 28, 2008 @ 12:39 pm | Reply

  821. Hi Friends,

    Can someone throw light on Sai Sakthi\Shakthi builders. They are having offices in Malleshpalya and sites in Mallespalya and Koramangala. Please advice

    Regards,
    Yogesh

    Comment by Yogesh K — July 28, 2008 @ 5:29 pm | Reply

  822. Sorry they have sites in Malleshpalya and Kaggadaspura

    Comment by Yogesh K — July 28, 2008 @ 5:30 pm | Reply

  823. Hi,
    Anyway feedback on the Project Chitrakut environs near HAL Airport? have any one taken the appartment in this project??? pls give me some inputs

    Comment by Sudha — July 29, 2008 @ 8:28 am | Reply

  824. Hi,
    I have got a quote of 2800/- per sq ft for a flat (resale) in Bellandur (near ORR and Sarjapur road junction).
    Could someone confirm if this is the present rate in this area?

    Thanks in advance!

    Comment by JA — July 29, 2008 @ 10:24 am | Reply

  825. Hello,

    Can anyone help with feebdack on Pentagon City project by Pathi Builders and its current valuation or provide any feedback on them.

    Thanks.

    Comment by MAR — July 30, 2008 @ 9:36 am | Reply

  826. 826- In Belandur area, 2800 is the rate which the agents would quote when you see it for the first time. I saw sometime back behind Symphony and area behind Bhagini.You should try to negotiate for something below 2500. It also depends on the quality of construction and approach from the outer ring road.

    Comment by Goldy — July 31, 2008 @ 9:25 am | Reply

  827. Thanks Goldy.
    The apartment is behind the Akme Harmony apartments (which is on the ORR) and I think it is a project of the Kristal group.
    Would the sq ft rate you have mentioned apply for this?

    Thanks!

    Comment by JA — July 31, 2008 @ 11:23 am | Reply

  828. Can anybody give me advice on Sanura Builders and Promoters, run by Mrs.. Sabina Ranitha Prakash, wife of Moses Lawerence Prakash, from Frazer Town.
    The property belongs 2 Manhoar Reddy from Banaswadi. They r coming up with an apt at Banaswadi..

    Pls do let me knw.

    Thx

    Comment by Rinku — July 31, 2008 @ 4:14 pm | Reply

  829. This is regarding #808.

    You can reach me at my mail id ‘bhoomaa@hotmail.com’. Feel free to reach me.

    Padma

    Comment by Anonymous — August 1, 2008 @ 4:00 am | Reply

  830. I think it may be better to ask questions at the Indian Real Estate Forum http://www.indianrealestateforum.com/f-bangalore-21.html/
    as this page takes very long to load now.

    Comment by JA — August 1, 2008 @ 12:19 pm | Reply

  831. Hi JA,

    In the ORR , 2800 is much higher…
    unless or otherwise its from the premium builders…

    2300-2500 is the opt one….
    ,,,
    Senthil

    Comment by Senthil — August 4, 2008 @ 8:35 am | Reply

  832. JA , my builder has few more sell, u can contact me at senthilvelm@hotmail.com

    ,,,
    Senthil

    Comment by Senthil — August 4, 2008 @ 8:45 am | Reply

  833. Hi Manish,

    Thanks for the insightful article of yours. I have a question.

    Since i started my search for a flat i was very impressed with the idea of private lawn area provided by few builders e.g., Confident group. Normally these builders provided the private lawn on only side of the plot and obvisouly only for the ground floor apartments. They charge for the private lawn at the rate of 1/3 to 1/4th of the cost of the flat rate.

    I have booked a ground floor flat in the SRK Garden project, near kudlu gate. This flat is with 1224 sft SBA and 830 sft Private Lawn Area. This kind of lawn area is available for only 12 ground floor apartments on the south side(back side) of the project out of total 144 apartments.

    Now regarding registration the builder is saying i have 2 options,
    1. I register only the flat and anyway lawn area remains as part of the agreement between builder and me.
    2. I register flat along with the lawn area.

    Do you have any idea how the lawn (being a land) can be registered my name in this scenario.
    And any other point that you feel i should take care of.

    Regards
    Raj

    Comment by RajPanda — August 5, 2008 @ 6:34 am | Reply

    • Hi Raj,

      at what rate you booked the flat? any idea how much is good cost to buy SRK garden flat in current times?

      I am willing to buy and visited the place once. Any suggestions will be highly appriciated.

      Thanks
      Sandeep

      Comment by Sandeep Singh — December 16, 2009 @ 5:22 pm | Reply

  834. #805 – Shankar, I have paid Rs 2500 6 months back. They are almost sold out on the first phase, second phase is already launched. The construction looks good. The only issue is the approach road; good part is that it can only improve as this project is bang in the middle of BDA Arkavaty layout.

    Comment by Hari — August 5, 2008 @ 8:08 am | Reply

  835. Hi,

    There’s a second-hand 3bhk on sale in Benson Town, an old construction. Do you think it’s worth paying 50 lacs considering it’s so old?

    Comment by Zena — August 6, 2008 @ 5:16 am | Reply

  836. I know that this forum has helped lot of people, including me in the matters of real estate. However, i feel that since few months, the exchange of ideas, etc is bit slow. I consider this is mainly because of slow down of real estate related activities. But, suddenly i realised that, it may also be that, now a days, if you have observed that Manish is not responding as frequently as he did earlier. Manish, pls, i dont know if you are still in Bangalore, or have moved to Canada.. Pls be active here. We all miss you.. A positive response from Manish Bansal is awaited !! Thanks Manish, you helped all of us, pls continue doing so inspite of your busy schedule, wherever you are. May God bless you.

    Comment by anonymous — August 10, 2008 @ 2:02 pm | Reply

  837. Has anybody booked a flat in the project SRK Garden Kudlu Gate ? Somebody, pls let me know if there is any problem with the project/builder/construction quality etc. davy.rose@gmail.com

    Comment by Rose — August 11, 2008 @ 6:48 am | Reply

    • Don’t go for SRK, Kudlu. There is a problem between builder and owner and the case is in court.

      Comment by Raj — March 23, 2010 @ 11:15 am | Reply

      • Any idea – issue between SRK Garden builder and land owner is resolved?

        Regards
        Raja

        Comment by Raja — June 20, 2011 @ 3:12 pm | Reply

        • Hi, I am considering SRK garden flat. does anybody have any update on the problem between the builder and the land owner. Also is there any other issue with the property, papers or approvals. I have visited the place a couple of times to see some of the flats being sold by the land owner from his share of apartments. Any update will be much appreciated. S Kumar

          Comment by S Kumar — August 14, 2011 @ 11:57 pm | Reply

          • yet to…

            Comment by flat searcher — September 29, 2011 @ 2:19 pm | Reply

          • let me know , you are finalised the flat……..is the rate is negotiable…..? i also not sure about that issue is resolved or not……… may go for a group buy to reduce the rate………as it claims up to 60L, i personally feel that is quite huge for that………48 to 51 should be good…including reg…….

            Comment by falt searcher — September 29, 2011 @ 2:26 pm | Reply

  838. Hi,
    I purchased a 3 bed room appartment in (Garudadri Elite from ACAS group) @ KUDULU GATE OFF HOSSUR ROAD (NEAR ELETRONIC CITY), After purchase i am hereing that there is not much appreciation in that area for a long time and even if i give that appt for rent i might not get good rents. so what are avg rents in that area and what you think on the whole about that area. If any one like to share some information please do mail me at karisury@gmail.com

    Thanks,
    Surya

    Comment by Surya — August 11, 2008 @ 12:49 pm | Reply

  839. Hi i m planning to buy a house in Ittina mahavir..BDA has given them permission to construct.still I am not able to decide because there are so many itttina projects which were nearly 75% completed and still got into some or the other problem and stopped indefinitely…Also they say that the cost of the flat around 24 L for 2BHK is inclusive of VAT.I m not too sure if it can be ? would appreciate ur advise on this.

    Comment by sharma — August 13, 2008 @ 3:41 am | Reply

  840. Hi,
    I am in discussion with a builder for apartments in SunCity Corporate leisure.
    They have told me that there are several 2 & 3 BHK apartments available there and are quoting 3000 per sq ft. (I have not negotiated as yet but a friend recently booked one at 2700).
    Please let me know if anyone has any information on these builders and any info on this SunCity project.

    Thanks,
    Rama

    Comment by Rama — August 13, 2008 @ 6:04 am | Reply

  841. Hi,

    1) Anyone having experience with SREE constructions ? It looks they have projects in Marathahalli (SREE Utopia) & in Chikka Banaswadi (SREE PRIDE). Can you please share if any known problems with the builders / any other issues you noticed with them ?

    2) Is it good time to buy a FLAT now ??? Will the prices come down ?

    Thanks,
    Rao

    Comment by Rao — August 18, 2008 @ 9:48 am | Reply

  842. My thoughts on this…

    We can never predict future pricing.
    There is good chance of prices going up but there is also an equal chance that they will go down due to unforeseen events.
    If looking only for investment point of view then I think it is better to consult real estate investors. Most people here are searching for apartments as they want a good place to live in that they can call their own (at least I am :)).
    We would like the prices to increase 🙂 so that we can sell higher when we need to move out but it is still not guaranteed that we will get that.

    This is just IMHO.

    Comment by Rama — August 19, 2008 @ 4:38 am | Reply

  843. very good advice, even then i am slightly confused as to why a smaller unit without facilities and not a bigger one with facilities

    Comment by anita — August 19, 2008 @ 11:21 am | Reply

  844. hi everybody
    this is a very nice site where u get so much information. thanks to manish.

    i was searching for a 3bhk close to m g road within a budget range of 30-40L. now i came across a flat in g m palya which is under construction. the building name is M S Paramount. whether anybody has bought an apartment here or with M S Builders.

    any feedback will be highly appreciated

    regards
    nandu

    Comment by nandu — August 20, 2008 @ 6:49 am | Reply

  845. anyone bookd a flat in platinum city yeshwantpur O block, any issues thr?whtr thy completes the project on time ? pls any platinum city residents or any person who already bookd a flat rply..

    Comment by skitty — August 20, 2008 @ 12:50 pm | Reply

  846. Hi all,
    I’ve booked a 3 BHK at Vakil Housings Vakil Hosur Hills project, they’re quoting 50 lacs. Can anyone let me know what reputation of Vakil is as far as quality and time frames go? And is Hosur really growing the way they claim it is? Your thoughts are most welcome!

    Thanks!

    Comment by george — August 21, 2008 @ 3:06 pm | Reply

  847. Reg 840: I visited Garudadri elite recently and the project looks decent. Regarding appreciation, i think Kudlu is in very early stages. with Many upcoming projects, i feel the price would definetely go up. btw what is the cost per square feet ?

    Comment by Velu — August 23, 2008 @ 4:09 pm | Reply

  848. same kudlu area v had seen a flat near to garudadri thy were qtd,2300 per sqft..(srk)whn is the poss.date for garudadri??

    Comment by sbj2003 — August 23, 2008 @ 8:14 pm | Reply

  849. hello friends,
    i have a special request to all ,who are planning to take and apartment in (to buy or rent) in ranka colony bilekahalli, baneergatta road bangalore, pls think twice, or thrice….bcos its a heavy flooded area in rainy days with drainage overflows and mud roads, u can’t make out if you are seeing this place in summer or any other normal day,v personally come across with major problems …like thr is no proper parking space allotted to the residents(no 100%covered parking)your car and two wheelers get damage bcos of this flood. even thr is a small rain abt 20 mts, ranka will get flooded, then you can imagine how it will be after 2days continuous rain!!!! and above tht the lifts will be always damage and under repair, no proper backups(even thy claim that thy provide for lifts)almost everyday v need to climb the stairs, if its rain whole week you have to get ready to do the same…irresponsible association members ,and some arrogant residents(people stays in villas in same compound)made this colony nothing less than a hell to live!!!
    so pls pls enquire proper before you take an apartment here the prices range bet(30-35lacs for 2bhk and 10k and above as rent)you may find its reasonable and value for money in your first sight, but pls think over it, and if you are ready to swim in drainage water and ready to bear the loss /damage to your vehicle bcos of this flood, then you are most welcome!!!!!

    Comment by aright — August 23, 2008 @ 9:09 pm | Reply

  850. Reg840&849:
    About the builder I think the builder is a quite reasonable builder.I have also visited the site and I could see some of the features like no common wall and constuction quality also look decent.As mentioned KUDLU gate area is in a very early stage of development .If we see the flat rates in the adjacent areas where we can see the prices of Mantri and Shobha at a price which is very high.Also the location is close to city and HSR lay out an adjoining areas but a village atmospher.

    I think you have made a right decision if you are going to occupy the house and as an investment perspective(if this is an additional house) yes you need to wait and see.

    Comment by Gokku — August 24, 2008 @ 8:10 am | Reply

  851. agreed Gokku.. i am now very seriously considering buying a flat in Garudadri elite.. i guess the possession is by end of sep 08. Also Today I saw an Ad in times – today – about another property which is not far from Garudadri elite, but the builder claiming the area as HSR layout?

    Comment by Velu — August 24, 2008 @ 1:44 pm | Reply

  852. Ref 846:

    Nandu

    MS Paramount is very near to my current rented house.. I would advice u not to go for it.. It generated all hype becoz of some clever marketing by Orange Properties.. But quality wise and area wise its not worth for money… If u visit the flat, u will realise there is no space between it and house around it.. No safety, no sunlight etc..
    By the way how much they are quoting now ?

    Its just an advice.. Go for mid-level good builders like Chitrakut in that area..

    Comment by Sid — August 25, 2008 @ 5:04 am | Reply

  853. I have visited a couple of apartments like Rich Homes,Brundavan residency in HSR layout area.Though the prices seems to be reasonable.But there are some draw backs like common wall etc and secondly the budget would be little high compared to HOsur road area and KUDLU gate area.

    Comment by Gokku — August 25, 2008 @ 5:19 pm | Reply

  854. HI all
    I have looked for a penthouse in Bangalore
    the issue is that the penthouse was not in the original plan
    though i have checked the building and land papers which are ok
    I fear the penthouse may be illegal
    what is the procedure to get an approval for the penthouse
    and what kind of fines may be levied for getting the clearances

    Thank you

    Comment by Ranjit Behera — August 26, 2008 @ 5:18 am | Reply

  855. hello sid
    thanks for your advice.

    anyway, we have dropped the plan. we had visited m s paramount. as you say there it is so close to the road and of course we found the builder as an irritating person. his attitude was like if you want you take, otherwise leave. there are only very few flats available now etc etc. and we may have to face water problem also.
    so we just dropped it.

    okay then, u asked what they were quoting. it was a package which includes interior, car parking, registration and vat charges (all extras included) of around 43 lakhs, which appeared to be cheaper than other builders we met. but some one else told in that area flats are of the rate 32-35 lakhs. (again, i don’t know the actual rate in that area and i have not found any in 30-35 range)

    anyway, we are continung our search. now we have seen a project of team builders (near to bsnl, 80ft rd). any idea abt this builder??

    thank you once again
    ragards

    Comment by nandu — August 26, 2008 @ 7:04 am | Reply

  856. hi all
    i was just reading through the earlier comments.. i got a reference abt chitrakut environs (blog 825). whether anybody has a bought/ booked a flat there. how are the builders and how good is the construction.

    i am looking for a 3bhk within a max range of 45L in blore east (as far as possible, nearer to m g road/ cambridge rd). if anyone has any idea please help

    thanks in advance

    Comment by nandu — August 26, 2008 @ 7:34 am | Reply

  857. Hi,

    If there is anyone here who is living in Sun City (a project of corporate leisure group)? I would like some info regarding this project.

    Thanks,
    Rama

    Comment by Rama — August 26, 2008 @ 10:21 am | Reply

  858. hi 858,

    Have a look at Nagarjuna Maple Heights project, they are ready with Phase I and have just launched Phase II project. Launch price is around 3000 psft. If you negotiate you may get a better deal considering the low market trend or you can get something from Phase I aswell. Iam suggesting this builder based on the reviews and some of my friends experience living in their appt complexes.
    On the location: Once metro stop (Byappanahalli) gets operative there is nothing like it….. will be a hot cake for sure.
    You can also try out with Akme around same region.

    Thanks,
    Mohit.

    Comment by Mohit — August 27, 2008 @ 4:58 pm | Reply

  859. Mohit,
    Are you sure about the launch of Phase II of Nagarjuna Maple Heights. I have been asking for long now and they are saying its yet to be launched. Can you let me know how you got the info.

    Thanks
    Swami

    Comment by Swami — August 28, 2008 @ 4:40 am | Reply

  860. hi mohit

    thanks for your suggestion. i will surely consider nagarjuna maple heights. and the earlier comments here also gives a good opinion abt that project. i only feel bad that i didn’t book it in the initial stages when the rate was around 2000/-.

    i believe this is somewhere in k r puram (if not so, pls correct me) and they are quoting 3000/- per sqft.

    i had visited a project by team builders (project name is dhruva) near to bsnl office, 80 ft road, tippasandra. they are also quoting 3000/- per sqft. as far as possible i want an aptmt near to cambridge rd , since my children are studying in faps and they are too young to travel a long distance. and i came across this project by team builders. i don’t know anything abt the builders and also i didn’t find any comment here abt them. again, a 3 bhk will cost 60L with them and my budget is much less than that.

    any more suggestions?? any idea abt team builders???

    thanks a lot for your help. will come back to you after contacting maple heights!!

    regards

    Comment by nandu — August 28, 2008 @ 5:01 am | Reply

  861. Nandu,
    Regarding the team builders project that you have posted. I believe it will be a smaller apartment complex with less of common space and lesser of the ‘fancy’ amenties. Presumably you could get a big 3bhk at 1500sqft and with a rate of 3000/- psft your total should not be about 52-54L. How is that he is charging you 60L.

    Comment by Swami — August 28, 2008 @ 6:02 am | Reply

  862. hi swami

    abt the team builders project, they have 2 bhk and 3 bhk aptmts. 3bhk are of 1655 and 1750 sqft. regarding the amenities i don’t know much. i am only interested in childrens play area and i feel all other amenities which these builders claim is of no use. club house and swimming pool will not serve its purpose. according to me there should be some open space around the building and some area for children to play.

    btw, 60L includes all amenities, car parking and a rough calculation of registeration amt.

    if u find any aptmt closer to cambridge rd within a max budget of 45L, pls tell me.

    thank you

    and regards

    Comment by nandu — August 28, 2008 @ 6:48 am | Reply

    • Did you get to buy the apartment

      Comment by Anonymous — October 15, 2012 @ 12:15 pm | Reply

  863. Ref 857

    Hi Nandu

    I bought a 2bhk in Chitrakut Scion near Baghmane Tech Park in March 08. The builder as i mentioned earlier too is good and trustworthy.. Scion is sold out and next month is the possession..

    Rate in Kagdaspura/GMPalya/CVRamanNagar varies between 1800-2400psqft.. depending on quality and brand. I heard that rates infact have dipped..
    Leave aside August Park and Duo Harmony.. They are kind of premium aptmt..

    Chitrakut Environs shd be arnd 2300-2400..

    Thanks

    Comment by Sid — August 28, 2008 @ 10:32 am | Reply

  864. Hi,

    Is a rate of around 3000 per sq. ft for an apartment reasonable in a area like “Belandur”?

    Thanks,
    Rama

    Comment by Rama — August 29, 2008 @ 4:15 am | Reply

  865. hi,

    can anyone give feedback on the greens project by home space builders and chitrakut environ.

    Comment by sandhya — August 29, 2008 @ 7:26 am | Reply

  866. 866 – Rama,

    it depends on the builder, if its a premium bilder then its ok…

    ,,,
    Senthil

    Comment by Senthil — August 29, 2008 @ 8:31 am | Reply

  867. Hi Senthil,

    The project is Sun City, I have not heard of this builder before. Are they one of the premium builders? It seems they only have projects in that area?

    Thanks,
    Rama

    Comment by Rama — August 29, 2008 @ 1:23 pm | Reply

  868. Hi All,

    I have seen some comments in this forum regarding the Occupation/Building completion certificate. I am in the search for a flat & the same story here. Builder is not going to give completion certificate. Can someone please help me with the following info ?

    1)What are the consequences of NOT having completion certificate ?
    2)What would be the worst case impact to the property for NOT having completion certificate ?
    Is it going to end up with fine (or) building demolition ?
    3)Can you please let us know how many of us in this forum (I mean: who are reading this comment), have completion certificate and your experiences ?

    Thanks a lot,
    Rao.

    Comment by Rao — August 29, 2008 @ 2:14 pm | Reply

  869. Hi All,

    I am sorry. Continuation to the previous question, I have following queries. Appreciate if you could help me.
    1)Can we get KHATHA in the absence of Completion certificate ?
    2)Can we pay Property TAX every year in the absence of completion certificate ?
    3)Can we re-sale the property in the absence of completion certificate ? will there be any problem in the registration ?

    Thanks a lot,
    Rao.

    Comment by Rao — August 29, 2008 @ 2:17 pm | Reply

  870. hi sid and all

    i am planning to visit Chitrakut Environs tomorrow. i would like to know whether any of you have already booked a flat there. and whether water problem is there in that area

    also, what is the procedure in buying a flat? i mean, how should i start with it once i fix the flat. what all certificates should i obtain.. (like betterment certificate, bda approval etc etc). anybody who has gone through the whole process, please help.

    Comment by nandu — August 30, 2008 @ 4:39 am | Reply

  871. I wish to purchase a 2BHK Flat in CV Raman Nagar/Kaggadasspura, Bangalore, Seconds would also be fine. Please suggest the present Market rate. One of the proposal recd by me is about a Flat in Himagiri Apartment Block B, please comment on the Apartment’s Builder and present Market rate of 1200 Sft Flat. Secondly how much would be charges for Carparking, Water,Electricity, Gen Set etc over and above the Flat price.

    Thanks

    Comment by Sanjay — August 30, 2008 @ 5:04 am | Reply

  872. I think the real estate in bangalore is overpriced. Probably i would say it would be better to wait for some time before buying the property.

    Comment by Anonymous — August 30, 2008 @ 9:45 am | Reply

  873. Hi All,

    I am looking for a 2BHK apartment on the outer ring road around Maratha halli area. My budget is ~40Lac including reg. I am specifically interested in good builders. I have enquired about Puravankar Fountain square, Akme Ballet & Sree utopia and found that ppl are quoting around ~50 lac for these Aptments. Does any of you know if we can get a deal in these apartments for ~40Lac? Are there any other good builders around this area who can offer good flats for ~40Lac.

    Comment by kiran — August 31, 2008 @ 5:20 pm | Reply

  874. hi mohit,sid and all

    mohit, i had enquired abt maple heights. they are too costly for me. then, they suggested me to go for their new project in yelahanka. but yelahanka is too far for me. if it was for investment purpose, i would have surely gone for that.

    sid, is there any problem with chitakut constructions. i got a comment that their sewage system is not proper. also, there is a opinion that there won’t be any developments in hal area as the airport is shifted. there won’t be any appreciation for the flats in that area. what do you think? i would like to talk to you personaly. if u don’t mind please let me know.

    and what abt team builders? if anybody had booked/ bought a flat with them please share ur experience with them.

    any guidance is most welcome.

    Comment by nandu — September 1, 2008 @ 4:43 am | Reply

  875. Hi All,

    Just wanted your opinion on S N Builders and Developers, they are promting this new project called Raj Lake view…..any feedback on this??

    Thanks,
    Jaison

    Comment by Jaison — September 1, 2008 @ 8:02 pm | Reply

  876. Hi

    We are wanting to invest in a modern 3 bedroom apartment in Bangalore – preferably something in the Whitelfield area – we are from south africa and do not know a lot about all the different homes on the market -any recommendations .
    Thanks very much for a most informative site.
    Jayan

    Comment by Jayan — September 2, 2008 @ 5:26 am | Reply

  877. even i would like to enquire about Raj Lakeview project from SN Builders in BTM. any feedbacks.

    Comment by Jagan — September 2, 2008 @ 12:25 pm | Reply

    • hi man,… did u get any feedback about raj lake view..
      i am lookin forward to buy it… wt is t price you suggest for a 3 Bedroom in this project

      Comment by mithun — December 14, 2009 @ 11:13 am | Reply

      • If anyone have any reviews on Raj Lake View pls provide…

        Comment by Malathi — December 24, 2009 @ 3:22 pm | Reply

        • We bought one apartment. The minimum rate they are quoting is 3350 per square ft. Its high, but the location is good.

          Comment by sumana — January 4, 2010 @ 10:58 pm | Reply

          • Sumana, when did you purchase flat? Currently builder is quoting much higher. Also in which block – Kasba, Nyasa or Lydia? They r promising possession by April 1 2010. Do u think this is feasible? We looked at the work – it seems that quite a bit is pending and will take at least 6 more months (if not more) in our view? Please let me know as we are looking at buying a flat in this project. Any help will be appreciated.

            Comment by Jap — March 6, 2010 @ 7:37 pm | Reply

            • Jap,
              did you get more details ? i also think construction is not in pace to finish in may or june. how about documents, have you seen them and are they good (i want near madivala lake, but certainly not *ON* madivala or some other lake land 🙂 )

              -ganesh

              Comment by ganesh — April 12, 2010 @ 9:00 am | Reply

  878. HI,

    Anybody know about the apartment Malibu Enclave by SA developers in Singasandra? Please call me: 98866 21365 or email to prasad_s_rao@yahoo.co.uk

    Comment by prasad — September 3, 2008 @ 3:45 pm | Reply

  879. Hello Nandu, Ravi,

    Did you guys got any info about team builders? I am looking to buy an apartment from them at murugeshpalya and researching about the builder. Please post any info you got about team builders.

    Thanks

    Comment by Sankar — September 5, 2008 @ 4:45 am | Reply

    • Hello shankar ,

      did you buy the flat with team builders …. if so how much did u buy for and how is the area… i have also seen this builing and concidering to buy … so your input will be very valuable to me ….

      please respond

      -Thanks
      Naresh

      Comment by Naresh — June 2, 2009 @ 8:34 am | Reply

  880. hello sankar

    so far we have heard only good opinion abt team builders. we didnt book with them as it was very costly for us. they have a project near to cambridge rd and we were very much interested in that. but a 2 bhk will cost 51L and 3bhk will cost 70L there. that was too high for my budget.

    anyway, pls check out the area. i had recently visited one project at vinayaka nagar, airport rd. is it the same you are mentioning. they had quoted 2550/- per sqft.

    good luck.

    Comment by nandu — September 5, 2008 @ 5:35 am | Reply

  881. Thanks nandu for the feedback. Even i looked at the Vinayaka nagar project (Team enigma) they quote the same. However it still under constrcution and the builder says he will be able to complete in two months. but looking at the condiation and pace of work it looks to me it will take atleast another 6months to complete. so wanted to know the credibility of the builder.

    BTW are you interactng directly with the builder or any markting agency. I am interactin with Propzone folks who are marketing the project and not able to get in touch with the builder.

    Comment by Sankar — September 5, 2008 @ 5:55 am | Reply

  882. I mean “Were you interactng directly with the builder or any markting agency. I am interactin with Propzone folks who are marketing the project and not able to get in touch with the builder.”

    Comment by Sankar — September 5, 2008 @ 5:56 am | Reply

  883. This is in response to to queries to Nitesh forest hills. The project has got approval and commenced construction last year end. Out of the two wings, One wing was facing minor legal hussles which is resolved now and construction is on. The other wing is already seven floors up. I had booked at the rate of Rs.2000/sqft. The project is well located in an area that is seeing good development. If anyone has already booked in the project, please join the yahoo groups for Forest hills

    Nitesh-Forest-Hills-subscribe@yahoogroups.com

    Comment by saravana — September 5, 2008 @ 9:33 am | Reply

  884. hello sankar

    we came to know abt team builder project from some agents only. i’ve heard their office is in cmh road, near to pai electronics.

    any way, i didn’t like vinayaka nagar area. so, i didn’t ask for more details..

    btw, if u get any information abt team builders – both good and bad – pls share here. i am interested on their other projects.

    good luck to you

    Comment by nandu — September 6, 2008 @ 6:14 am | Reply

  885. I am planning to buy a 3BHK in Bangalore for around Rs.35 Lakhs. Second hand properties in a good area are sought. Please let me know if any one is interested in selling. mail me at whizkris at gmail dot com

    Comment by Krishna — September 6, 2008 @ 7:34 am | Reply

  886. Hi,
    i have plans to buy a 2 bed room flat in bangalore at a price range of 20 lakhs and i dont have any problems if it is a bit far from the city.Can any one share their views if you have knowledge about the same

    Comment by manu — September 6, 2008 @ 7:44 am | Reply

  887. Thanks Nandu. I will be meeting the builder and planning to enquire with their existing customer about their quality. Will surely post my findings.

    You said you didn’t like the vinayaka nagar area? What did you find bad there. Just wanted to be sure that I haven’t missed anything before making commitment,

    Comment by Sankar — September 6, 2008 @ 7:50 am | Reply

  888. hi sankar
    i am also planning to visit them tomorrow.
    they have a project at kodihalli also and i am interested in that one.
    abt vinayaka nagar, i didn’t like the roads and the location. that’s not a big issue. if u find everything else is good, u can go forward. my aim is to be closer to cambridge rd and m g rd.

    i have seen chitrakut environs also which i feel is quite okay. now i have to decide b/w these two. distance wise kodihalli will be better. but, i will get a 3bhk at environs for almost the same amt for a 2 bhk at kodihalli.

    if u give can give me any suggestions, please..
    i am waiting for some better inputs.. and i would like to finalize it this week itself.
    any suggestions??

    Comment by nandu — September 6, 2008 @ 9:13 am | Reply

  889. Chitrakut environs is another that i am looking at. Anyways next week I will talk to the marketing project. I will update you with my findigs.

    Comment by Sankar — September 6, 2008 @ 3:10 pm | Reply

  890. manishbansal you are too good , dude.
    I when through all of your response, it really help me a lot. thanks dude

    Comment by praveen — September 7, 2008 @ 1:04 am | Reply

  891. I saw the website nad brochure of ‘Shriram Symphony’ project and it looks very good. In case if you have bought a flat in this project or going to buy then please provide your comments at http://groups.msn.com/bdasites/bdaapproved.msnw?action=get_message&mview=0&ID_Message=71126

    All prospective buyers lets join togather for negotiation with the builder. If at least 10 people joins, we can get a good price. Planning to buy by the end of October 2008.

    Comment by Rahul — September 7, 2008 @ 5:50 am | Reply

    • Don’t buy property from Shriram builder. He is a big time crook. Don’t belive me either. Look at Shriram Aditya project at BSK 3rd stage. It’s delayed by 1 year. You get all the facts by visiting this place. Quality of construction and model apartment is worst.

      Comment by Amruth — January 11, 2010 @ 4:12 pm | Reply

  892. Hi

    I had purchased a flat from Ittina Anu at Whitefeild. Now i have received a letter from the builders stating that Karur Vysya bank has not issued NOCs as the builders had mortgaged 56 flats. There is a public notice taken out by the bank on the same. Thou the builders is keeping us updated and trying to sort the same, i still don’t know if I need to check this out with someone else or the bank itself.

    The experience i have with the builder has not at all been great in the past. pls advice

    regards
    ritesh

    Comment by Ritesh — September 7, 2008 @ 12:22 pm | Reply

    • Hi
      I am planning to buy resale at Anu, whitefield. Could you please let me know if the legal hassle with NOC from Bank regarding mortgage is closed. Please advice

      Regards
      Nitin

      Comment by nitin — September 13, 2009 @ 2:17 pm | Reply

      • One of my friend had booked a property with Ittina near hoodi, whitefield. I think you are talking about the same. The builder has discontinued the construction since long and says about some issue. I will suggest gambling with such property can be really harmfull.

        Comment by Someone — September 13, 2009 @ 2:30 pm | Reply

  893. How about ‘The Commune’ project by Golden Gate Properties?

    Comment by Indra Kumar — September 7, 2008 @ 6:19 pm | Reply

  894. hi
    anybody who has bought/ booked an aptmt with team builders or anybody who is staying in a team aptmt, please share your experience with the builders. how good is the construction, how reliable are the builders, whether they will complete the work in time etc etc.

    i am considering their project ‘dhruva’ at kodihalli. please help me to make a final decision. anybody who has booked at kodihalli project, please share some information abt this project.
    please reply as early as posible
    thanks

    Comment by nandu — September 8, 2008 @ 6:03 am | Reply

  895. Hi,
    Saw no; of comments abt The greens at outer ring road…
    Does anyone have any idea abt any legal issues?
    We visited the site…. approach road seems to be an issue…
    Rate/sqft is the main attractive thing….Planning to book an aptment in
    3rd block…
    Feedback is appreciated
    Thanks,
    Dhanya

    Comment by Dhanya — September 9, 2008 @ 2:56 pm | Reply

  896. Good one.

    Comment by Rahul — September 9, 2008 @ 11:50 pm | Reply

  897. hi sankar

    any info abt team builders?

    Comment by nandu — September 10, 2008 @ 8:28 am | Reply

  898. Couldn’t meet the team builders since none of them are responding the phone call.

    Comment by Sankar — September 10, 2008 @ 2:29 pm | Reply

  899. Nandu,

    Can you contact me in this email address (asankarrao@gmail.com). Thanks

    Sankar

    Comment by Sankar — September 10, 2008 @ 3:29 pm | Reply

  900. Folks, an useful link in the context of this discussion. Some details of different types of property documents like Khata, Sale deed, Posession certificate etc.
    See ABCs of property papers at http://bangalore.citizenmatters.in/articles/view/335-khata-documents-faq

    Comment by Meera — September 12, 2008 @ 9:10 am | Reply

  901. Hi,

    Please do not buy any properties from Hinduja Holdings. Mr Sunil is a big cheat. I have booked 2 flats in Lake View aprt and whn i decided not to release the money frm the bank and cancel the flat he is not giving my booking advance. He is making me run from last one year. Also frm last 1.5 years he had just constucted the first floor of the building. In this pace he will complete the flat in next 10 years.

    Comment by Sunil — September 14, 2008 @ 8:44 am | Reply

  902. Hi,

    I am planning to buy an aprtment near Ksturi Nagar(nr banaswadi outer ring road) and thats gonna cost me 35lacs without registration which is 1.5 lacs approx.Its not a renowed builder and they dont have any ebsite to chk on thier completed project n future project.How should i check whether its a genuine builder or not.Its the first time i’m dealing with this thatz y want some inputs.I dint even find any reviews by anyone against that builder(Sheenu Builders handling NEST SHADES project).Plez help me.

    Comment by Shobna — September 15, 2008 @ 3:16 pm | Reply

  903. Hello Radha, I have booked flat in Esteem Enclave around December 2007. As of my experience the builder is very cooperative and the construction seems to be so good. Recently I visited the site with my interior decorator and even the designer said construction is really good compared to other builders and the floor plan of 3bed room in block A is really good.
    The original rate in 2007 Dec is 2800/sft and the current rate is 3400/sft but you can bargain till 3000/sft. If you need any clarifications you can send email to my id srpotluri@yahoo.com

    Comment by Srini Potluri — September 16, 2008 @ 5:38 pm | Reply

  904. Hai Manish,

    Is it worth to buy 660sft flat in ittina neela ,electronic city ,for 12lakhs plus registeration now? it is 3 years old as per me.

    Comment by K.Suresh — September 18, 2008 @ 9:40 am | Reply

  905. I am interested in buying a 2 BHK flat in BTM area with basic amenities like power backup and lift.

    Can anyone suggest some good ones if aware, I do not mind a resale property also

    Rammy

    Comment by Rammy — September 18, 2008 @ 10:20 am | Reply

  906. 907 Try at ‘Niranjan Central’ Apartments of Niranjan Developers @ BTM 1st Stage/tavarekere. Access their website Niranjandevelopers.com for location contact details etc..
    Personally i think the construction quility is very good. Let me have your feed back also. All the best.

    Comment by Umakanth — September 20, 2008 @ 5:25 am | Reply

  907. Hi

    i want to buy an apartment ( 3BHK, 1500 sq ft super build up, 30-35 lakhs) in Brookfield/Whitefield/ITPL/Kundalahalli.

    Any good project/builders in that area? Should i wait for a few more months for prices to fall?

    Regards
    -vivek

    Comment by vivek — September 21, 2008 @ 2:16 pm | Reply

  908. With the current state of affairs I feel the Real-Estate sector is in for a huge correction in prices.

    We have been so far just aping the west in style of living etc. i.e. buying anything and everything we want without much thought for the future even if we could not really afford it and always expecting the future to take care of itself.
    We expect raises in income to always follow the trend we have seen so far but layoffs from all companies (I think IT would be the worst affected but others will also be impacted) are not too far away. Of course talent is always in demand but we all know that around 80-90% of office goers just come to office for the sake of coming.

    Everyone knows that the lifestyle that the US corporates and MNC’s have encouraged so far is not a good one in the long term (as we can see from their current state). Sadly we also seem to be moving in the same direction. Hence I feel that with the current crisis in the US (remember this is just beginning and analysts say it would take another 2 to 3 years to fully recover from this), we should be seeing further reductions in prices (they have already come down this year) during this time.

    However if you are looking for a house to live you should still try to go ahead and get it “if you can afford it”. I only feel the Real Estate sector as an investment option would be less attractive especially when the un-employment rate increases which may be a lot sooner than we think.

    Comment by Rama — September 22, 2008 @ 7:57 am | Reply

  909. Hi,
    Has any one bought in sree pride in banaswadi near CMR pharmacy college.

    Comment by sandy — September 23, 2008 @ 5:32 am | Reply

  910. Hey Guys any idea about ittina mahavir bda approval situation as of now , am confused looking at different forums.

    Any inputs will be appreciated.

    Comment by Rajesh — September 24, 2008 @ 6:13 pm | Reply

  911. Hi All,
    I have a query on Rohan builders. I am planning to buy a property called Rohan Mihira in Whitefield. They are quoting 3000 /sq ft. Is it ok to give such amount? Also, has anyone any experiences with the Rohan builders as such? Any responses to my query will be greatly appreciated. Thanks in advance.

    Comment by Amit — September 26, 2008 @ 4:36 am | Reply

    • did u check galaxy “orchid park” its a small project but almost ready…although they have not much ameneties but i found it to be good …i have booked the flat….

      Comment by Maxplus — September 28, 2009 @ 9:56 am | Reply

      • Hi Max
        Can u plz give the details abt orchid park, what is the price per sq ft.

        Comment by haritha — October 7, 2009 @ 5:28 am | Reply

        • current price seems to be around 2000/sqft….

          Comment by Maxplus — October 26, 2009 @ 8:06 am | Reply

      • Hi Max,

        How are these builders?? How was your experience with them.Please share with us. Iam looking to buy apartments in orchid enclave..their new project..

        Murali

        Comment by Murali — August 13, 2010 @ 11:15 pm | Reply

  912. Dear Mr. Amit,

    I nee