Pashmina Waterfront Review

Q: Hi,
I am trying to find out some info about Pashmina developer's project Pashmina Waterfront.They have launched their first project, Water Front, on Old Madras Road, Bangalore.

Ramesh Reddy, Bangalore

17th June 2014

Residential Project Review in Bangalore

bangalore apartments

apartments in bangalore

flats in bangalore

bangalore projects

bangalore properties

Follow Discussion

Also see discussions for

Bangalore Residential Project Review Residential Project Review in Bangalore

Replies (4)

I totally agree with you. No point of buying a property for such a huge amount, if you have to face such problems.

Japesh, Bangalore

22nd August 2014

Comment

Hi all,
I am confused between Salapuria Celesta and Pashmina Waterfront project. Pashmina doesn’t have a brand name like Salarpuria. But the plan looks promising. Price wise they are similar for us. Has anyone booked in Pashmina recently? It concerns me that Pashmina has no other projects completed by them. Is it worth taking this risk?

Venugopalan, Bangalore

17th June 2014

Comment

Hi Venugopalan,
My suggestion to you that don't go on brand name, always think on quality of construction and on time possession. Pashmina has a substantial pipeline that includes a group of redevelopment projects in Central Mumbai’s Dadar area, a second residential project in Bangalore and a 100-acre land project in Pune for developing a township. So far, Pashmina’s land acquisitions are self-funded.

Pratap, Bangalore

17th June 2014

Guys this seems like really strange to me to see a project where few apartments can only be purchased through a finance scheme by ICICI/HDFC banks and not by others whereas the project got approval from Axis, ICICI and HDFC Banks. As per as its approval is concern the project got all the statutory approvals from BBMP and BWSSB.

Rajkumar, Bangalore

17th June 2014

HI everyone,
Project Area, Open Space,booking amount and Key Highlights are as follows:-
Project Total Area – 12 Acres.
Total Units – 1000.
Approx Population – 3000 People.
Total Open Space – 90% of the total land will have landscaped gardens and water bodies.
Booking amount - Rs. 500000

Rajkumar, Bangalore

17th June 2014

Comment

@Rajkumar,
The project is strategically located on Old Madras Road, which is one of the most bustling lanes of the city. The locality is easily accessible from all parts of the city via road and rail. Metro Rail is an added advantage of this project.

I did some research on builder and found that they are first time builders and major investment is by Mr Koticha (25 years old ASK Group, Mumbai). In 2009 they floated some Reality sector funds to invest in major cities and collected some 550 crores, I think this is their part of investment.

Pratap, Bangalore

17th June 2014

Thanks Pratap,
How is the project locality. How far is the civic amenities from the project site? Can you mention some of the key distances from the project site?

Rajkumar, Bangalore

17th June 2014

Your welcome Rajkumar,
The project is strategically located on Old Madras Road, which is one of the most bustling lanes of the city. The locality is easily accessible from all parts of the city via road and rail.
Nearby a number of shopping malls and other entertainment zones like Big Bazaar, Gopalan Signature mall, Auchan, Phoenix mall, ITPL mall, Lifestyle, KFC, McDonalds and Shoppers Stop make the surroundings of Pashmina Waterfront, vibrant.
Key distances:-
Krishnarajapuram Railway Station - 6km
Windsor Institute of Management studies - 450m
ITPL - 9.6km
Budigere Cross, National Highway-4 - 5km

Pratap, Bangalore

17th June 2014

Hi,
Pashmina Waterfront is one of the hottest ventures of Pashmina Developers, which borders the 8 lane expressway on the Old Madras Road. Phase I of Pashmina Waterfront features around 600 apartments that scale a height of about 38 Stories.
Rate per sq-ft - Rs 5050
Booking Amount – Car Parking Charges or including car parking
BHK Options – 3 BHK and 3 BHK+ Servant Apartments
Size – 1880 sq-ft to 1945 sq-ft
Possession : December' 2014

Pratap, Bangalore

17th June 2014

Comment

Mr.Pratap, The HT wires shifting to few yards away its not going to help at all. When we enter the property we can hear Noise from HT wires. Tell me after paying a 1 Crore will u be comfortable with the noise.
Also i visited the pashmina 2 days back, seems like there is legal issues between Landowners and Developers. and there is wall also constructed in the Entrance to stop the way to Marketing office.

You are saying not to go to Brand names. This is what happens if you don't go to Branded developers.

I am interested in investing kindly advise with the Proof

seemer.seeker,

3rd August 2014

Hi Pratap, Recently I got a mail saying that the rate per sqft going on in Pashmina Waterfront is Rs Rs 4,482 per sq ft, the 1,779 – 2,082 sq ft apartments cost approximately Rs 1 crore onwards, inclusive of clubhouse and two car parks. Phase 1, which is nearing completion, would be ready for possession by December 2015.

Madhav Deb, Bangalore

25th November 2014

Seriously Madhav... Thats strange coz when I inquired about the project in June they quoting me Rs 5050 per sqft. What about the amenities provided by the builder?

Pratap, Bangalore

25th November 2014

@Madhav and Pradip, Right now they are quoting Rs 4832 per sqft on wards in this project. Is it worth buying an apartment in Old Madras Road for such price???

Abhishek,

5th February 2015

Amenities provided in this project are as follows: Skating Ring, Pet Park, Spectacular 200 mt. Lake Promenade, Cricket Practice Nets, Automated Car Wash, Therapeutic Walkway, State-of-the-art Gymnasium, Bicycle Parking Zones, Squash Court, World-class Clubhouse (25,000 sq.ft. area), Tennis Court, 1.5 km. long Jogging Track, Roof top Swimming pool, Badminton Court, Rock Climbing Wall, Award winning Thematic Garden, Half Basketball Court etc.

Pratap, Bangalore

5th February 2015