Q: Salarpuria is launching a new project on Old Madras Road
Salarpuria Sattva East Crest is a New Pre-Launch project from Salarpuria Sattva Group, situated at Old Madras Road, Budigere Cross Bangalore. It has 1 BHK ,2 BHK,2.5 BHK and 3 BHK apartments with premium specifications and world-class amenities. Salarpuria Sattva East Crest Bangalore has been designed by experienced and modernity driven engineers of elegant cadre who have created a unique master piece of apartments with world class amenities and high standard specifications. It has apartments that range into 1 BHK ,2 BHK,2.5 BHK and 3 BHK which have been designed to perfection with clear cut specifications and modernity in mind
The project offers all kind of modern amenities such as Outdoor Cafe, Cricket Practice Net, Tennis Court, Steam & Sauna, Golf Simulator, Swimming Pool, Skating Rink, Rock Climbing Wall, Outdoor Gym and many more.
I am interested in this project and planning to buy a 2bhk apartment but before that I want to know is there any legal issue in this project. Do you think that the price they are quoting is Okay according to the locality?
I do not think there is any issue with this project as Salarpuria is one of the A Grade builder. I feel the price they are quoting Rs 4200 is okay according to the locality.
The project is well connected to other parts of the city such as Indiranagar : 13 Kms ITPL : 12 Kms Whitefield : 11 Kms KR Puram : 10 Kms Naryana Hospital : 12 Kms Byappanahalli Metro Station : 11 Kms
The price of the apartments in this project ranges from Rs 32 lakhs to Rs 79 lakhs. The project is still under construction and it is expected to get completed by 2018.
The areas in and around Old Madras Road will become a commercial and residential hub in the next 5 to 10 years. New residential and commercial properties will be the key prospects for growth of Old Madras Road.
The Future Group are planning to build a wholesale market called World Market in Avalahalli on Old Madras Road. Residential and commercial property prices in this region have increased by 15% in the last few years, and are said to increase even more.
The connectivity, currently well accessed, will see progressive improvements with the Bangalore-Chennai Expressway and the Metro extensions will also benefit Old Madras Road sizably. The region did have some water issues earlier, but it has now been resolved thanks to the Cauvery stage-4 phase-2 water project.
Metro - Which extension are we talking about. Due to KR Puram Hanging Bridge, metro would not be able to extend to KR Puram. The nearest metro would be Bypanahalli which would be around 8-10 km. With the Soil quality, water would definately be a concern. We would get water via bore but this would be 100% Hard water. Cauvery Water are still a dream for big apartments in KR Puram. Individual houses have already got Cauvery Water which comes once a week..
@RaKumar - KR Puram along the OMR road if a great place to invest. ROI would be better if you invest in land than in apartment. But the -ve points is that about 20% of the land is under litigation due to multiple owners claiming the property. Hence advice you to cross check with the lawyer before investing in land or apartment.
Hoskote has a great potential to develop only from investment point of view, I really don't want to stay in an industrial area, but from investment prespective Hoskote is great place to invest.
I would say yes definitely it is profitable to invest as the area is well connected and you can get apartments and properties at an affortable rates. As the area is close to IT hubs and business district, it is expected that the property price will increase and good returns can be expected in 3- 4years.
Old Madras Road is going to see a lot of appreciation for the property in near future due to the proposed peripheral ring road, which will provide rapid connectivity to the Bangalore international airport. Lot of developments are happening in this area due to the presence of a number of MNC, due to the close proximity to ITPL and the ease of accessibility to Outer Ring Road
Went to the project today, The A,B,C towers are next to a Glass factory. Presently Tower E,F,G,H is open for booking. Discount for group booking (0.5% for 5 booking, 1% for 10 booking) Builder not ready to negotiate on the prelaunch price.
Builder states that from Monday or after 50-75 booking, the price would be increased by 200 bucks.(but he states he has a target of 150 flats :) for prelaunch.)
With the soil quality, I am 100% sure it would be HARD water and source of water should be 1000 feet. I did not see the borewell dug till now. For the price of Rs. 4090, it should be good investment. You need to use the service road and this comes on the side of the bridge, To go to other side, you need to travel 400 500 meter and below the bridge where the road is quite small and have seen a lot of traffic during non peak hours as well(but this should not be a concern) Project would be ready to occupy by Mar 2019 which is nearly
When I went on the Day of prelaunch they told that it would be launched in 1st of 2nd week of Jan. The price quoted in 4050. Recommend to directly interact with Salarpuria by calling their Toll Free number instead of going via agents or Channel Partners