ICON Malgudi Review

Q: I am planning to buy a flat in this project but little confused as the builders of this layout and promoters are different

Darshan Shetty, Bangalore

22nd June 2013

Residential Project Review in ICON Malgudi, Bommasandra, Bangalore

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Replies (10)

I also bought a plot in 2013 and also don't see any progress until today. One mistake I did was didn't checked past delivered projects by them. Until today there is no appreciation is plot value so I would suggest go with some other builder who have delivered in the past.

Anirudh

Anirudh Aggarwal, Apartment Resident

4th September 2015

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Hi Anirudh, Did they handover the plot to you? Bommasandra is developing fast and it is well connecting to the rest of the parts of the City, then how come there is no appreciation in plot value... Quite strange :(

Vasanth,

8th September 2015

I came across another big problem now. I also bought a plot in 2013 but eKatha was not done. Now when I am trying to get the eKatha done, they are saying there is a law suit going on due to some internal family dispute and panchayat is not issuing any katha. So anyone planning to buy, be careful with these people.

Dileep

dileep hegde, Apartment Resident

23rd October 2015

WOW Great!!! Another problem.... Any other way to get the khata???? Between thanks for sharing the info there as me and and some of my relatives were planning to invest here.

Omar Khureshi, Bangalore

27th October 2015

We bought a plot in ICON Malgudi in 2012, there is no development from then. ICON management dont even bother to answer or reply to queries made by customer.

Manmohan Director of ICON promised to complete the development by 2014, we had a discussion on may 2014. But nothing has changed from 2012.

Looks like there are some financial issues with Srinivas reddy owner of Hosala and ICON.

I suggest no one to buy plot from ICON or its other projects. ICON doesnt have any credibility or past success.

sunil, Bangalore

23rd January 2015

Comment

Hi all,
This project is ideal for the people who are working in and around Electronic City. Besides living, it is an excellent project for investment and double the investment amount within 3 to 5 years. Only few plots are left, discount.

Eklavya, Bangalore

19th June 2014

Comment

Hi Eklavya,
Icon Malgudi project is located in the heart of south Bangalore IT Hub, next to Electronic City, behind Narayana Hrudayalaya Hospital, N.H 7, Metro Phase -2 is coming up Near Narayana Hardayalaya. This project has been strongly tied up with all major kind of banks. Loan facility will be taken care by our team. 8o% of the project cost can be financed by Home loan.

Harshit, Bangalore

19th June 2014

Well Harshit,
Which local body has approved this project and when is the project possession date? What is the current price they are quoting?

Eklavya, Bangalore

19th June 2014

Well Eklavya,
It is a BMRDA approved project and they were quoting Rs. 1750/sq-ft Phase 1 & 2. Even the current residential property price trend in the locality is Rs. 3700/sq-ft. Price depend upon the area and the basic amenities promise in the project. It vary from project to project in the same locality.

Harshit, Bangalore

19th June 2014

I saw one house being constructed last month in phase 1.compound walls have bin built for the layout and I could see a decent progress. hope there will b a gud development and the layout wud start getting population n next few years.please do share ur views if anyone has bought a plot in this layout.we r also planning to construct our house asap.gud luck

revathi, Apartment Resident

30th December 2013

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Hi we ve finalised and bought a plot in phase 1 of this property .we ve registered on July.I kept visiting the layout few times till last months and there seems to pretty good development .they have started laying roads

revathi, Apartment Resident

30th December 2013

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Hello Darshan, Have you booked a property in this project? i am planning to finalised a property in this project and the price of the property is also very much affordable.

Bijoy Singh, Bangalore

23rd June 2013

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I have visited the site the builder is quoting Rs 1500 per sqft for west facing and Rs 1600 for east facing plot.

Hemraj Jha, Bangalore

23rd June 2013

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I had also visited the site two months before.It is approved by bmrda and can get loan from Lic. But not from SBI.
Regading price, It seems overpriced only. Try for 1400 –1500. If the site is in phase 1 means, u can try for 1500-1600

LP, Bangalore

31st January 2014

Hoysala builders is the actual developer of this project and Icon infra shelters are only the land promoters.

Nagesh, Bangalore

22nd June 2013

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Hi Jignesh I did not get you. Who is the builder and promoter of this project?

Balaji, Bangalore

22nd June 2013

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ICON Malgudi is located just next to Electronic city, behind Narayana Hrudayalaya, off hosur main road, National Highway 7. the project is spread over 30 acres of land and it is approved by BMRDA

Jignesh Kumar, Bangalore

22nd June 2013

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