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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Bangalore > Urban Habitat at Gunjur(Near Varthur)
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Old November 24 2012, 08:23 PM   #21
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for liveability (school only), one can consider only Azven. I haven't seen thanisandra area (Bhartiya city).
other projects are in realm of future.

 
Old November 26 2012, 01:05 PM   #22
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The area around sarjapur village area is hyped and prices of plots/villas are outrageous.
When compared with the hosur road,

1. The road after wipro corporate office to Sarjapur village is narrow to handle the expected traffic whereas the existing hosur road(NH) itself can handle the traffic expected in comming years. The road connecting ITPL( thru dommasandra) is very narrow where two vehicles passing side by side is difficult

2. Except few apparment projects from B-grade builders there are no good residential complexes or expected to come where as around electronic city there and hundreds of projects

3. No malls or shops to cater to basic neccissities in the vicinity you have to travel 13 kms to total mall to get one where has hosur road you can find shops all along after electronic city till attibele if not big malls

4. Finally the infosys campus based on which the our developer goons are using to hype the area. Nobody even the Infy management could have idea on when the campus will come up. Considering the infosys position in current market conditions and inept, dumb govenments that is expected to come no idea whether it will see daylight

5. Ths STRR another hyping point. when we see existing road widening itself facing hurdles, litigations, court stays running for years you can imagine the fate of new land acquistons that too for the entire lenght of
STRR. Pls note that the government order was passed in 2006, still not a single of inch of road work has started

So layouts along hosur road is always better compared to ORR-Sarjapur village strectch or Sarjapur- Attibele stretch
 
Old November 27 2012, 07:53 PM   #23
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I visited Azven-Breathe project - location-wise its decent. There's Indus Global, but that does not matter to a person like me, as its not affordable. Also visited Panache project, as somebody pointed its by IT people in Capgemini - the place is bang on the NH road.
I too feel the STRR, Attibele, Sarjapur, Chikka Tirupathi is much hyped, just as Devanahalli, Budigere on the other side.
I also remember one of them posting that Electronic city has already lot of projects but not affordable buys. Or I should say, all the projects fall off the 'Value for Money' category.
In recent past, I tried to buy plots but almost everyone is asking 100% black or asking me to pay an extra of 20-30% as they have to pay capital gains tax. Lot of black money is in Real Estate, and especially buying land. I am naturally forced to buy and live only in an apartment, or buy a villa that is not affordable for me a.k.a 'mango people'. Some villa projects are good say jainsvillavivianaa.com but see the maintenance cost that itself can be paid as a rent for 2BHK to live in city.
 
Old November 27 2012, 08:02 PM   #24
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pvisnu,

which type of approval has Panache got? is it as close to the Empyrean project as is shown in images !
 
Old December 17 2012, 11:27 AM   #25
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After lot of research, finally book a plot at urban habitat.
Thanks guys
 
Old December 18 2012, 04:22 PM   #26
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I also got site registered in Urban Habitat for 940psft. Still confused if it is a good investvent.
 
Old December 18 2012, 09:42 PM   #27
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@asr123: i think it is a OK(Not good but not too bad) investment because varthur is a area of future, it is just 8kms from varthur & 5kms from sarjapur...

@asr123:i have following questions:
1)when ur registered site?
2)U go thru loan?
3)if yes, which bank?

Thanks
 
Old December 18 2012, 11:40 PM   #28
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Quote:
Originally Posted by Jans4353 View Post
@asr123: i think it is a OK(Not good but not too bad) investment because varthur is a area of future, it is just 8kms from varthur & 5kms from sarjapur...

@asr123:i have following questions:
1)when ur registered site?
2)U go thru loan?
3)if yes, which bank?

Thanks
I registered the site this week. Yes went through Loan from LIC Housing Finance.
Just FYI.., Axis bank is also offering loan for Urban Habitat.
 
Old December 19 2012, 10:13 AM   #29
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Quote:
Originally Posted by Jans4353 View Post
@asr123: i think it is a OK(Not good but not too bad) investment because varthur is a area of future, it is just 8kms from varthur & 5kms from sarjapur...

@asr123:i have following questions:
1)when ur registered site?
2)U go thru loan?
3)if yes, which bank?

Thanks
Quote:
Originally Posted by asr123 View Post
I registered the site this week. Yes went through Loan from LIC Housing Finance.
Just FYI.., Axis bank is also offering loan for Urban Habitat.
Hi guys,
In which phase did you guys buy the plots? Phase 1 or 2?
I too bought with loan 5 months back with Axis bank. In my opinion better to go for LIC than Axis.
 
Old December 19 2012, 11:09 AM   #30
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Quote:
Originally Posted by ramki067 View Post
Hi guys,
In which phase did you guys buy the plots? Phase 1 or 2?
I too bought with loan 5 months back with Axis bank. In my opinion better to go for LIC than Axis.
@ramki067 : I bought in Phase 1. I felt Axis bank is better than LIC due to below reason :
1) The rate of interest for Axis Bank is 10.25 whereas LIC is 10.7
2) Takeover of loan by other bank is not possible with LIC. Axis bank is open for takeover with no additional charge.
Prepayment and foreclosure is possible with both of them
3) There is is scope of negotiation for waiver of 10000 rupees processing charge with AXIS bank. On contrast LIC is very rigid on it.
I had to continue with LIC despite above reasons as AXIS bank is funding only Phase 2.
 
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