Offers : land at less than Rs.2500psft near MVIT college, stonehill school, embassy school, ryan international school off NH7. any one interested, please contact 9449827442-hari or mkp362004yahoo.co.uk for details.
I am looking for a site in Riches Regal (Survey No 493), a new layout coming up in Horamavu, Kalkere 80 feet road, Bangalore - 43. Layout is being developed by Riches Builders and Developer promoted by Mr. Revanna, BBMP corporator of this locality(ward no 26). Layout seems to be very decent with good access and infrastructures. Layout lies just beside the 80 feet Horamavu Kalkere main road.
Price quoted is Rs 2600.00 PSFT. Layout is DC converted, Betterment paid with up to date BBMP tax paid. As per builder layout land is having BBMP 'A' Khata but Layout is "NOT approved by BDA". Builder says layout is approved by BBMP.
Any feedback is highly appreciated. Any info regarding this layout would really help me going further.
Check when was the betterment paid. BBMP is not collecting betterment charges for few years now and not issuing A khata. So make sure all documents are original by verifying with a BBMP officer.
2600 is a little on the higher side, but again depends upon the infrastructure and accessibility
Axis bank had given project approval for Riches Regal .. Development work is going on and is expected to be over with in 3-4 months. Access to the main road is good and is having a A khata. looking it in total the rate of Rs.2600 looks reasonable and seems like a sound investment.
This layout - "Riches Regal" is formed by Riches Developers. They have their office in NRI layout. Also, they have developed layouts, apartment around NRI layout. Ameneties like Water Tank, water pipe lines, sewage lines have already been provided to each plot. Work is going on to complete the road and eletricity cables. Got to know that electricty cables will be laid underground. Many banks have approved the layout, majority of the loans have already been disbursed by AXIS bank though.