How about investing in this property and builder?

Q: The property is still in pre-launch phase and there is a factory which they are going to remove and then start construction. The pre launch investor quota looks good, but comes with high initial cost and risk. And is there any BMRC metro station coming near this property?

Kumar Shet, Apartment Resident

26th August 2012

Buying property in Aratt Premier, Whitefield, Bangalore

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Replies (13)

Hi Everyone,Commonfloor.com also provides the facility of having a closed group. In Fact along with the mailing options commonfloor owner's group is much better as it gives you other options of sending a message on phone to all the members, creating a poll, sharing the album, raising a notice, creating a database etc and that too free of cost. commonfloor provides a complete solution to apartment management.
If you are the owner or resident of apartment then you can join the owners group of the same and discuss with other owners/residents of the project in the group. You can Join the Owners Group

Mahi garg, Bangalore

20th July 2013

Comment

The project seems to be good and after the completion of the project you can xpect a minimum appreciation of 70-90% or more and double that when the metro station comes up.

Aneek Das,

20th July 2013

Comment

Yes I agree with you Mr Aneek, once the metro comes the price is going to shoot up

Kanthi Sridhar, Bangalore

20th July 2013

When is the expected possession date of the project?

Bhargav Dev, Bangalore

20th July 2013

Comment

The expected possession date of the project is by January 2015

Kanthi Sridhar, Bangalore

20th July 2013

Can anyone tell me which are the banks providing loan for this project? Is the project approved by the local body?

Bhargav Dev, Bangalore

20th July 2013

Axis Bank, LIC Housing Finance Ltd, State Bank of India and ICICI Bank are providing loan for this project. The project is known to be approved by BBMP.

Kanthi Sridhar, Bangalore

20th July 2013

I do not think any bank is giving the loan at the moment. Has anybody got it sanctioned? If yes, I would be happy.

Kamran, Apartment Resident

20th July 2013

Also, the date of possession will not be before the mid of 2016. Reason: They have said 3 months to get commencement certificate, then 2 years for the project, with 6 months grace period. Include minor delays here and there and it is 3 years.

Kamran, Apartment Resident

20th July 2013

I think the prices are random. By the way, I have booked the flat E920. Also, I have created a google group by the name "arattpremier". Anybody who has signed the agreement is welcome to join this group to discuss issues of common interest.

Regards,
Kamran

Kamran, Apartment Resident

7th July 2013

Comment

ArattPremierOwners@googlegroups.com
There is already another group with premier owners. What was your purchase base price?

Aneesh, Apartment Resident

7th July 2013

Hi Kamran
Is the google group still active? I have booked a property at Premier.
- Siddharth

Siddharth Roy,

23rd May 2016

I booked here some weeks back. Yet to do the registration. The customers has raised a JDA related issue and the Aratt management is currently fixing it by doing the needful. Also I am waiting for loan approvals before proceeding to registration. I booked in the 7th floor.

Aneesh, Apartment Resident

7th July 2013

Comment

Sorry I meant agreement and not registration?

Aneesh, Apartment Resident

7th July 2013

Hi,

What is the current price of this project if somebody has bought it recently. They are asking Rs. 4550/sqft. The digging is done and nothing has started beyond that. Any comments?

Regards,
Kamran

Kamran, Apartment Resident

2nd July 2013

Comment

I booked here some weeks back.They increased the price after the brigade lakefront launch to some 4550 but I think it's negotiable.

Aneesh, Apartment Resident

7th July 2013

What is the current rate for this society? Anybody booked it recently? Which floor?

Regards,
Kamran

Kamran, Apartment Resident

2nd July 2013

Comment

Anyone interested in buying this apartment? I am planning to book next week. Did a site visit recently, location looks great. Metro phase 2 plan has 2 stations near this project vicinity. One station will be around 300-500 m away from this. The total land area is only 1.6 acres so the downside is all amneties are inside the apartment and there is not much open space outside. The area has got hotels like Keys and Premier Inn next to this. Also main road with Volvo access starts from Graphite India Junction which is 250-300 m away from this project. The price they are quoting is 4200 and charging 50 for floor rise. Has anyone recently purchased here?

Aneesh, Apartment Resident

7th March 2013

Comment

hi invested 4 5 months back and backed out due to graphite india pollution, however i tried again - to get 3600 with 20 lakhs upfront - i feel dont worth it , so i found another soft launch project grade a builder close to vydehi and finalized , we are in talk with them for group buying wanna join??

baskar,

8th March 2013

Hi bhaskar i am Interested- contact me @ Aneesh.smn@gmail.com

Aneesh, Apartment Resident

10th March 2013

Hi bhaskar I am interested - contact me @ sachin_jain3@yahoo.com

Sachin Jain , Apartment Resident

1st May 2013

Hi Bhaskar Is the project still open... please reply @ akshitsml@gmail.com

akshit sml,

5th July 2013

Hi Kumar, What is normal offer and Investor offer? can you pls give me details of this. thanks

Ramesh, Bangalore

8th September 2012

Comment

Investor offer is not valid anymore

Aneesh, Apartment Resident

7th March 2013

Hi Kumar,
How much is the pre launch offer ?

Ramesh, Bangalore

3rd September 2012

Comment

3500/- per Sqft, normal offer - 4200/- Sqft

Kumar Shet, Apartment Resident

3rd September 2012

Hi Kumar,
What is normal offer and Investor offer? can you pls give me details of this. thanks

Ramesh, Bangalore

4th September 2012

Risk is after paying huge amount to builder and plans dont get approved for years and they dont start construction then money is stuck without any interest being paid.

Kumar Shet, Apartment Resident

30th August 2012

Comment