We have a doubt on carpet area percentage to super built up area. Although they are saying that it is around 70%, but when we calculate as per the brochure, it comes to only 61%. Also, we went and ask with them to do physical measurement, the way they measure it is very doubtful (they make it 72%). We were not satisfied.
The rate per sqft going on in Chourasia Manor Phase II is Rs 3960 and Rs 4500 in Phase I. A 2 bhk will cost you around Rs 63 lakhs excluding registrations and taxes.
Hey Gourav, Are you planning to book an apartment? What do you feel is the price ok what they are quoting when compared to the locality? Please let me know.
What I feel is that the price is OKAY according to the locality. Marathahalli is totted up as one of the lucrative areas for developers with promising returns. Due to the upcoming residential units in the region and tacking on of the IT zone, the locality has been eyed as one of the potential areas for real estate investment.
I do not think there will be any issue regarding water because in the project as the sales people told me that the project will have three bore wells which is enough 160 apartments.
Corporates continue to prefer ORR since ORR is easily accessible from employee residential areas and its connectivity to the various SEZs and IT parks along the stretch.Bangalore Outer Ring Road is a thriving realty market for developers and investors. The demand for office space along this stretch has remained high owing to the proximity to residential catchments and availability of quality office real estate products.Proximity to the city, IT hubs on the ORR such as Whitefield and Electronic City and developing social infrastructure like malls, hospitals and international schools have made the residential areas here adequately self-sufficient.
The area has registered capital appreciation of 4 per cent during the last six months with the rates of residential property here increasing from Rs 5580 per sq ft in the last quarter of 2012 to Rs 5810 per sq ft in the first quarter of 2013.
I agree with Niketan and Sagar but the negative point about this area is that it does not have metro connectivity for which Whitefield and KR Puram is seeing good response from investment point of view as the areas will have metros -
VKC Developers is the developer of the project. They have already completed three projects in Bangalore. VKC Developers Private Limited is pioneering company, with nearly two decades of contribution in the construction and infrastructure industry.