ATZ Areva project review

Q: Planning to check out 2 BHK in ATZ Areva. Heard that the project is BBMP A Khata. Is this a safe buy?

Mangal P, Bangalore

29th October 2013

Residential Project Review in ATZ Areva, Marathahalli, Bangalore

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Replies (11)

Can anyone share the price going on in this project?

Joydeep D,

13th May 2015

Comment

The price depends on what type of apartment your are looking for. The price of the apartment ranges from Rs 22 lakhs to Rs 70.70 lakhs. approximately

Ravindra Singh,

13th May 2015

Hi Guys
I can see this project in pre launch state from last 3 years, how can we trust that it's not gonna be in same state. They are offering a very competitive price to grab the innocent buyers .

I am also intrested in this project but until and unless it starts we can't say anything. They have one more project called Estrella that has the same story.

Please share your views.

Guru Hegde,

26th April 2015

Comment

Hi Guru, Did you try to contact the builder? What is the reason for the delay? Any illegal issue?

Darpan Singh, Bangalore

30th April 2015

Hi Darpan,

They are not gonna reveal the issue with this property, they just say its gonna start next month from last 3 years. That's a known gimmicks of any builder.

There are lots of rumors floating around about the issues : High Tension line going in between the projects, Land Owner share has some conflict, Some land Issue.. not sure which one is true.

Guru Hegde,

4th May 2015

Then Guru, I do not think it is a good idea to book a property in this project either for end use or for investment. What s your take?

Darpan Singh, Bangalore

6th May 2015

How is the connectivity from Marathahalli to rest of the parts of Bangalore?

Mangal P, Bangalore

25th February 2014

Comment

Connectivity is the crux of the locality and is at a distance of 5km from the Tech Park and offices such as Wipro, JP Morgan etc. Marathahalli further boasts of its excellent connectivity via the Ring Road which is a kilometre away from the locality, thus accessing other neighborhoods of the city becomes trouble-free.

Proximity to Whitefield, Belampur-Faizpur Road and ITPL stands out as one of the prime reasons for IT professionals renting in this locality. The International Airport is 28 kms from the vicinity and the closest railway station is K R Puram, stationed at a distance of 10 kms. The Marathahalli-Brookefield-Whitefield stretch further enhances the name of the locality extensively

Karthik Deshmukh, Bangalore

25th February 2014

HI Manga,'I can see this project in pre launch state from last 3 years, how can we trust that it's not gonna be in same state. They are offering a very competitive price to grab the innocent buyers .

I am also intrested in this project but until and unless it starts we can't say anything. They have one more project called Estrella that has the same story.

Please share your views.

Guru Hegde,

26th April 2015

Can you please provide me the location map and the floor plans? Is it true that Marathahalli is one of the growing localities in Bangalore?

Mangal P, Bangalore

25th February 2014

Comment

You can check the location map and floor plan by clicking on the given links.

Marathahalli, the pride of east Bangalore is now hailed as one of the growing localities of the city, which has gained prominence both among the developers and property buyers. The reason why the area has seen drastic change is because of the growth of social infrastructure has what lured developers to the locality.

Partho Sen, Bangalore

25th February 2014

Hi Can anybody tell me if this is an authentic and reputed builder? do they make good quality of construction work ?
Regards,
Prashant

Ajaya,

10th February 2014

Comment

ATZ Properties are the leading property developers in Bangalore having its branches in Pune and
Mumbai. They are dedicated in developing and constructing the finest homes, offices, retail and hospitality spaces in all the main locations of India.

Partho Sen, Bangalore

25th February 2014

If you are planning to book an apartment in ATZ Areva, you will get all the details of the project by clicking on this link: ATZ Areva

Abhilasha, Bangalore

29th October 2013

Comment

Thank you everyone for your valuable comments and inputs. I will surely let you know how was my experience as i am going for a site visit this Sunday most probably.

Mangal P, Bangalore

29th October 2013

If anyone can tell me which are the hospitals and schools in close proximity.

Swati Pachasia, Bangalore

29th October 2013

Comment

Hospitals within a radius of 6kms:
VIMS Hospital
Vydehi Hospital
Manipal Hospital
Sai Baba Hospital

Schools within a radius of 5 kms to 7 kms:
Delhi Public School
New Horizon School and College
Gear Innovative International School
Geetanjali Olympiad School
Greenwood School
Oakridge International School

Abhilasha, Bangalore

29th October 2013

Any idea about how the payment plan goes for ATZ Areva?

Swati Pachasia, Bangalore

29th October 2013

Comment

The payment plan for ATZ Areva are as follows: At the time of booking on agreement within a week you have to pay 20% of the money.
At the time of foundation another 20% need to be paid.
When the Ground Floor Roof Slab is done you have to pay 15%
When First Floor Roof Slab is done you have to pay more10%
Aftet that Second Floor Roof Slab you will pay 10%
Then Third Floor Roof Slab you will pay 10%
Then Fourth Floor Roof Slab you will pay 10%
At the time of Possession the last 5%
Stamp Duty and Registration charges

You also need to pay extra charges like Car parking, BWSSB and BESCOM, Legal fees and amenities, Vat and service

Partho Sen, Bangalore

29th October 2013

How many apartments will be there in this project? Do you think two bore well is enough for all the apartments in this project?

Mangal P, Bangalore

29th October 2013

Comment

ATZ Areva will have two blocks ( A and B). It will have 63 apartments with G=4 structure. So I feel two bore well will be enough for these many apartments. Moreover they are telling that they may give the Cauvery connection at the time of possession.

Partho Sen, Bangalore

29th October 2013

I am planning to visit the site may be sometimes this weekend but before that I want to know which are the banks I can go for home loans for this project? Are they giving cauvery water connection?

Mangal P, Bangalore

29th October 2013

Comment

Hi Mangal, Even I am planning to book a 2 bhk apartment in this project. The sales person said that I can take home loan from banks like ICICI, HDFC, SBI, LIC and Axis. They are telling that they have submitted all the documents to BWSSB and they may give the Cauvery connection at the time of possession. For now there are two bore well available for water supply.

Partho Sen, Bangalore

29th October 2013

Hi Mangal, It is always better to buy a property which is approved by BBMP and it has A Khata. Khata is very much necessary while applying for any loan form bank and license. Khata includes all the critical details related to property which includes the name of the owners, location of the property, dimension of site etc.But is it not advisable to buy a B Khata property.

Roshan Singh, Bangalore

29th October 2013

Comment

Is the project launched? If yes when it will the project get completed and also please provide me the rate per sqft going on in this area. Thanks in advance.

Swati Pachasia, Bangalore

29th October 2013

The project is already launched and the construction work started last month. The expected possession date is by December 2014. The current rate per sqft is Rs 3500.

Partho Sen, Bangalore

29th October 2013