Skylark Ithaca apartment project in Whitefield

Q: I am planning to invest in this project. Is it a good idea to buy a property here?

Utpal Das, Bangalore

14th April 2015

Residential Project Review in Skylark Ithaca, Whitefield, Bangalore

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Replies (9)

Look for any otrher property other than ithaka skylark. they had cheated many investors, with atractive scemes, but the have not strarted construction of other towewrs. booking of falts had been done for tower 3, and bank has paid them amount( a nexus between bank officials) making the investors pay emi for something not yet started. What they show you now is already sold to many, tower 3, 3 and 4 are sold. b

Check everything before invest. go with reputed people.
Already bsewveral cases against this buiulder

Shoukat Ali T. A , Apartment Resident

26th January 2019

Comment

How much will be the price of an apartment in Phase 2?

prabeer.p, Bangalore

21st April 2016

Comment

The price of an apartment in this project starts from Rs 26.5 lakhs approx.

Javed,

10th August 2016

The project was launched long ago, any idea when they are planning to give the possession.

Latika Yadav, Bangalore

4th April 2016

Comment

Yeah the project was launched somewhere in 2013 and the estimated possession date is by last quarter of 2017.

Javed,

4th April 2016

Gents/Ladies

Was browsing for some data for Investing in Skylark Phase 2, which they have launched recently

Got to know about this News . Hope It helps others. Let me know if any update on this.

Sebi bars Skylark Land Developers and Infrastructure India from raising money from public

http://articles.economictimes.indiatimes.com/2014-12-15/news/57072295_1_collective-investment-scheme-fresh-moneys-money-pooling-activity

Sebi imposes Rs 5 crore fine on Skylark Land, directors

http://www.financialexpress.com/article/industry/companies/sebi-imposes-rs-5-crore-fine-on-skylark-land-directors/199160/

Venkat,

21st January 2016

Comment

Thanks Venkat for sharing the link. Recently I came to know that you can book a property in Skylark Ithaca by paying 5% now and no EMI's till possession and they are also assuring that the home buyers will be 76 % returns in 3 years. What you have to say about that.

Nitesh C, Bangalore

4th April 2016

How much is the total land area? How many apartments and blocks are planned in Phase II?

Utpal Das, Bangalore

27th August 2015

Comment

The project is spread over 20 acres. There will be around 2000 apartments and 19 blocks. It will have 2B+G+19 floors structure.

Javed,

27th August 2015

Has anyone found out about the high tension wires in the project area?

Shankar Balakrishnan , Apartment Resident

4th July 2015

Comment

Yeah even I have read somewhere that a high tension wire is crossing the entire society. Can anyone throw some light on the same?

Yogendra, Bangalore

8th July 2015

Skylark Ithaca is one of the large development in Whitefield area with approx 2400 apt.
Good amenities, looks very good. But execution is the key challange and completion time.
Once done would be a great investment.
Got resale unit at 3850/- base cost. investor unit - 2bhk inside facing.

Manish Gupta, Bangalore

15th April 2015

Comment

What is the current price going on in this project and how much is the booking amount?

Utpal Das, Bangalore

14th April 2015

Comment

Currently the rate per sqft they are quoting is Rs 4183. Pay just Rs. 2.80* Lakhs now and own a 1 BHK apartments. Pay just Rs. 4.7* Lakhs now and own a 2 BHK apartments and Pay just Rs. 5.8* Lakhs now and own a 3 BHK Apartments.

Javed,

14th April 2015

If you ask me then yes it is a good buy for investment as well as for end use. The project is located off KR Puram road within a driving distance of 4 kms from ITPL main gate, 3 kms from Sai Baba Ashram, 2.3 kms from KR Puram,Old Madras Road, 12.5 kms from MG road and 5.5 kms from Outer Ring Road (ORR). The project is well connected.

Dilip Joshi, Bangalore

14th April 2015

Comment

How is the reputation of the builder and how about the construction quality?

Utpal Das, Bangalore

15th April 2015

Skylark is a reputed construction company. They are well known for their quality construction and as well hard work with timely delivery of projects.

L&T is construction partner of Skylark and you need not have to worry about the construction quality. To be on the safer side check all the documents before booking.

Javed,

15th April 2015