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Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

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Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

Last updated: May 19 2016
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  • Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

    Hi Guys ,

    I m planning to buy phase -III 3BHK apartment in Adarsh Palm Retreat outer ring road . Do you guys have any feed back . Builder is saying that he will hand over possession 2013 December .
    Do you have any info about the this project and how this deal is .

    Price quoted is around 4500 SFT.
    Last edited February 3 2017, 12:22 PM.
  • #2

    #2

    Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

    Originally posted by anshus12 View Post
    Hi Guys ,

    I m planning to buy phase -III 3BHK apartment in Adarsh Palm Retreat outer ring road . Do you guys have any feed back . Builder is saying that he will hand over possession 2013 December .
    Do you have any info about the this project and how this deal is .

    Price quoted is around 4500 SFT.
    This project was launched first in 2005. They managed to make 2 towers in 6 yrs.

    Many litigations are there in the land. Multiple times the plans was changed.

    You can google about it to get more info.

    Comment

    • #3

      #3

      Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

      Yeah the project was delayed due to fund issues with Adarsh. Now they have sold 50+ Acres to RMZ to build RMZ EcoWorld, which will be a Tech Park with more than 10Lakhs sq ft area and 10K car park.

      Construction quality of Adarsh is quiet good, much better than Prestige, Shobha, Purva etc. Talk to any owner in Adarsh they will complain about delay but not much about quality of construction.

      The whole project is of more than 300 acres, with any project of this size their are bound to have one or the other legal issues, get your piece of land checked and you should be okay.

      What other projects are there for comparable quality, location & facilities for the rate of 4500 psft ?

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      • #4

        #4

        Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

        Hi anshus12,
        Which tower is this for? The next tower to be ready is Daffodils (Tower III) and the projected completion time for it is fourth quarter of 2013.

        Thanks,
        Vibes

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        • #5

          #5

          Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

          HI,
          I'm looking to buy flat in APR. Let me know if anyone is selling their flat

          Thanks,
          Madhuri

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          • #6

            #6

            Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

            Has any delivery happened in Q4 2013

            Did Adarsh deliver any of the towers for Phase 3 in Q4 2013? When is the expected completion of Phase 3?

            I understand that they have pre-launched phase 4 (called lakefront or something) too.

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            • #7

              #7

              Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

              They haven't delivered, and if you look at the status presently, it would take another 8-12 months for these towers to be ready completely.

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              • #8

                #8

                Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

                I went to the Ph 3 site yesterday, the work was happening in full swing. Of course i could only see the work on the tower closer to the marketing office. My guess would be that they should be able to deliver these towers before end of the year.

                The Marketing office is now claiming "No availability" for ph 3. They are focused on lake front launch where the apt are much smaller than Ph 3. To me it looks like Phase 3 has the most premium floor plan in the adarsh palm retreat apt options.

                Are there any pending / known legal issues with Ph3?

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                • #9

                  #9

                  Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

                  2BHK (1320 sqft) for 90 L, don't you think its overpriced, considering that even for completion it will take around an year and its so much inside from ORR with no public transport available?

                  Comment

                  • #10

                    #10

                    Re : Adarsh Palm Retreat Lakefront in Outer Ring Road, Bangalore

                    Yes, it is expensive.

                    But then I like the project from a location, layout plan, amenities, specifications etc better than other projects in neighbourhood. The key problem of extensive delay is probably limited now give the project is in advanced stages. The legal problems are still to be explored.

                    I do not mind that the project is a few 100 meters inside - infact i like it that way - specially since the approach is through a private road which is well maintained. I saw the road was being cleaned by one of those big trucks with brushes and vacuum.

                    Wondering if all this is worth the premium. The other challenge is the limited apt choices available on resale. Might have to give this one a go and continue my search....

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