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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Bangalore > MRKR Developer - Near Sai Baba ashram
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Old August 29 2012, 10:49 PM   #1
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Default MRKR Developer - Near Sai Baba ashram

Folks,

Anyone having an opinion/review of the "Mera Homes" project by MRKR developer close to Sai Baba ashram? As a first impression, I liked the layout of the project and the floor plans but would like to understand if the rate asked for (3500 psf) is justified for the area? A 3 BHK (1535 sq ft) will come to ~66L at the minimum. For reference, SJR Prime corp is asking for a pre-launch price of 4190 amidst Whitefield. The Mera Home project is close to 65% complete for the first set of towers.

Cheers
MS

 
Old September 2 2012, 08:08 PM   #2
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Default I am interested as well

I am interested in the project as well. The project looks good but my concern is that the builder is not well known and it is their first residential venture. They have been in civil construction for over 30 years in Hyderabad. But its their first project in Bangalore.

They are quoting 3500 PSFT. Is it good price for the area?
 
Old September 4 2012, 05:42 PM   #3
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Quote:
Originally Posted by topgun View Post
I am interested in the project as well. The project looks good but my concern is that the builder is not well known and it is their first residential venture. They have been in civil construction for over 30 years in Hyderabad. But its their first project in Bangalore.

They are quoting 3500 PSFT. Is it good price for the area?

For your benefit, quoting from a different thread

http://www.indianrealestateforum.com...tml#post540414
milestone and topgun like this.
 
Old September 5 2012, 10:40 AM   #4
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I would suggest to ignore this project as whole and definitely the first set of towers. These towers started 4-5 years back and was left as it is for 2-3 years, without any maintenance.

New project has one extra tower as well, from its original plan from Amsri (Sitelayout - Amsri White Pearl Bangalore- Amsri Builders).
milestone likes this.
 
Old September 5 2012, 12:09 PM   #5
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even i have a same doubt.. but today when i called again they told me that they are revise the rate..
 
Old September 5 2012, 01:30 PM   #6
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Thanks guys. Appreciate the input.
 
Old September 5 2012, 07:50 PM   #7
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Quote:
Originally Posted by aroonanand View Post
For your benefit, quoting from a different thread

http://www.indianrealestateforum.com...tml#post540414
Thanks for the insight... I didnt know that.
 
Old October 8 2012, 03:14 PM   #8
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Default Mera Homes MRKR BUILDERS

Quote:
Originally Posted by topgun View Post
Thanks for the insight... I didnt know that.

We plan to book a flat here after some research work.. i guess we need not comment negatively on this project as it was the previous builders who abandoned it..and MRKR have bought this from them..whatever the Mera people told abt this new venture however seems to be genuine.. when we queried abt the old structure(2yrsold) they said that there is an authority to check and certify tht and they are ready to show us the certified papers to us... the plans are ealyy good and a very good model flat too ..our overall impression was positive and plan to go ahead with it.
 
Old October 29 2012, 11:48 AM   #9
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@sindhuv

Did you book the flat here?
 
Old November 12 2012, 12:50 AM   #10
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I have visited the Site.It was Project AMSRI PEARLS which was stuck and now the New Builder MRKR has rechristened it as MERA Homes.

The new Builder is a a proven Builder and has experience in Civil Construction

I dont think the Structure would have become weak just because it was halted some 2-3 years back.

May be because being new to Bangalore and also the negative Image of this project as AMSRI PEARLS the New Builder MRKR might have priced it modestly much below the current prevailing price of around 4000-4500/SFt by other established developers.

Otherwise the new Builder MRKR has deep pockets as I could collect Information.

If People gets the Project delivered in Time They would be hitting a jackpot even with any appreciation from the current price of Rs4000-4500 quoted by established developers like Shoba ,Prestige.

Any High Risk decision will give a High Return

I Think we should analyse the present without linking to the past.

At present it Looks like a Low Risk High Return proposition.

I might be going ahead with this Project.



SanjeevPeeka
 
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