Bhartiya City

 Posted by on October 25, 2012  Tagged with: , , ,
Oct 252012
 

Bhartiya City @ Thanisandra Road

Bhartiya City an integrated township spread across 125 acres has opened the booking for their residential apartments called NIKOO homes. The integrated township will host a high end hotel, hospital, school, entertainment & shopping facilities apart from offices.

Bhartiya city

Bhartiya City Options

  • 1 BHK
  • 2 BHK
  • 3 BHK

Bhartiya City Location

On Thanisandra Main Road, near Sobha City.

Bhartiya City Location Map

Key Distances

  • MANYATA Tech park – 4 km
  • Hebbal Fly Over – 8 km
  • MG Road – 13.5 km
  • City Railway station – 18 km
  • International Airport – 23 km

Bhartiya City Price

  • 1 BHK – 29 Lakh
  • 2 BHK – 39 Lakh to 47 Lakh
  • 3 BHK – 64 Lakh

Bhartiya City Investment Plus Points

  • Thanisandra Road is fast developing with a large number of residential projects being launched in that area.
  • Integrated townships are a good investment, the township will also host an SEZ offering about 3.7 million sft office space
  • Basic Price looks good

Bhartiya City Concerns

  • The project is in planning for about 2 years now
  • Being a large project the project execution would be a challenge and one can expect delays in completion of the residential units

Take the poll – Is Bhartiya City a good investment?

  1,196 Responses to “Bhartiya City”

  1. Any one booked apartment in Bhartiya city Nikko Home Phase 2? How about booking amount.
    I booked there and the booking amount already deducted from my account on 22/05/2015 morning 6.13 AM.
    But today afternoon getting mail from them “The acknowledgement for the same shall be sent to you on realization of the Cheque/Wire Transfer.”, after two days on deduction of the booking amount from my account.
    Please share your comments.

  2. Wow! So many comments. I don’t think Bhartiya City deserves this kind of interest.

    Do you all realize that the planned city with mall and retail outlets etc will take years? There are so many flats getting ready in phase 1 where are so many people going to shop until then?

  3. See the floor plans of phase 2. Its not livable for a family specially 2bhk and small 3bhk .
    seems this project is just for investment and rental purpose for bachelors.

    1 Entrance is dining . Who like this ?
    2 Very small living area. no space for movement
    3 Biggest 2bhk and small 3bhk has combined living dining and triangular kitchen with single platform/wall for kitchen work and storage. who would like to stay in such a bad plan. Only bachelor I think. its not good even for small family/couple.

    I could not understand why in huge land they are building such a bad floor plan. Also C type of site plan will block sunlight and air for lower/middle floor.

  4. China home prices fall 6.1% year-on-year in April

    HONG KONG: China’s new home prices fell for the eighth consecutive month in April from a year earlier but were flat from March, adding to hopes that a property downturn which is weighing heavily on the economy is beginning to bottom out.

    But analysts warned any recovery in the market will take some time given a huge inventory of unsold homes, and said the property sector remains the biggest risk to the world’s second-largest economy, which looks set for its worst year in 25 years.

    That will keep pressure on policymakers to roll out more interest rate cuts and other stimulus measures later this year to boost activity.

    source: http://timesofindia.indiatimes.com/business/international-business/China-home-prices-fall-6-1-year-on-year-in-April/articleshow/47325971.cms

    • Ya this true, and it may happen in india. I want to book 3bhk in phase. is there any group Booking? I want to book in discounted price. Pl contact

      • Hi arun, my friend is also looking for the same pls contact – 9611106132.

      • Why you need a group to book an apartment. You want to sink others along with you?

      • Planning to buy a house in Delhi-NCR? Prices likely to fall further

        Are high prices in Delhi and NCR keeping you away from buying your dream home? You may be in for some good news, as prices are likely to decline in the next three to five months.

        For the first time in the last three years, sales of residential properties across Delhi and the National Capital Region (NCR) have registered an over 50% drop in January-March 2015, which according to experts builds a strong case for a price decline.

        In some pockets, prices fell 20% to 25% in 2014, and with sales showing no signs of improvement, developers are likely to slash prices by another 15% to 20% to clear up unsold inventory, experts said.

        “Sales are down 50% during January-March 2015 against a year ago and new launches have reduced. This has led to a constant piling up of unsold inventory,” Ashutosh Limaye, head, research and real estate intelligence services, Jones Lang LaSalle India, told HT. “Unsold inventory in Delhi-NCR is at its peak of 170,000 units in January-March. Given such a trend, prices are set to fall by 15% to 20% in next three-five months.”

        Of the total 145,000 unsold units in the NCR at the end of March 2015, Noida saw the maximum inventory pile-up of over 100,000 units, followed by Gurgaon (26,000 units), JLL said.

        Echoing similar sentiment, realty research firm PropEquity CEO Samir Jasuja said, “sales of residential units in NCR have dropped 78% from 26,110 units in January-March 2013 to just 5,729 in the same quarter of 2015. This is primarily due to a demand and supply mismatch, and investors moving away from the sector.”

        The constant drop in sales has made it a buyers market against an investors market, he added.

        Prices in the sector fell 20% to 25% across NCR in 2014, and the trend will continue if sales do not pick up in the remaining quarters of 2015, according to PropEquity.

        A buyers’ market refers to one where an end user invests for his/her personal use, and does not put it out on rent or trades in it. An investors’ market is one where a person buys a property and either sells it at a premium even before delivery, or puts it on rent.

    • India is not China. In China the growth over the next few years is expected to come down while in India the growth is expected to increase.

      Also note that prices in Beijing and Shanghai increased. Same is going to be the case with Bangalore. With steady influx of professionals, increasing salaries, dual income couples, tax breaks, increasing rents and decreasing interest rates (EMI’s).

      This report by HDFC conveys the Indian context:
      http://www.moneycontrol.com/news/business/home-prices-hit-roofaffordability-near-its-best-hdfc_1386590.html

      • HDFC finds India’s real estate to be affordable. Here’s why it is wrong

        The home loan lender HDFC in its latest investor presentation says that homes have seen an “improved affordability”. This goes against everything that one sees in the real estate sector these days, where prices have gone so high that most people wanting to buy a home to live in, can’t.
        So how did HDFC manage to come to such a conclusion? Allow me to explain.

        Read further at:

        http://www.firstpost.com/business/hdfc-finds-indias-real-estate-affordable-heres-wrong-2252286.html

      • When US housing market was going bust, Chinese also thought that China is not US and the real estate bubble can never burst in China because of the huge population. But after 5 years you can see a cool down in the real estate market in China, which is the world’s most populous nation. Dear friend, it is exactly due to this kind of thinking (what you wrote above) that bubbles are created. If everyone is cautious then where is the chance of a bubble getting created. Bubble gets created when people throw caution to the wind and despite all pointers pointing to a bleak outlook people are still bullish. This is what creates a bubble.

        • Rakesh – Those who follow what you say now will live like these chinese who did not buy house in china back then because of bubble in US market:

          http://www.ibtimes.com/chinas-housing-market-bubble-home-ownership-elusive-young-buyers-renters-1808472

          When their economy grew for last five years, the house price kept on increasing. From the time of US bubble till now prices have grown so much that buyers then will be in tidy profit even after correction. But those who are left out pay half their salaries rents and still cant buy.

          The current sentiment in India will turn around in few quarter as economy picks up and prices will go north. If in five years the housing price doubles, will you be able to afford a house in Bhartiya City? Even after it corrects 10 percentage then?

        • Lets say a person is interested in a house worth Rs 50 Lakhs today and has only Rs 15 lakhs. He feels there it is costly today and doesn’t take a loan for Rs 35 Lakhs.

          Fast forward to the year 2020, thousands of families are living in Bhartiya city. These families and the under construction malls are eagerly awaiting each other. BCIT also is functional.

          Now even if Bhartiya city grows only to Rs 1 crore. Where will this persons 15 lakhs be? Lets say he doubled it. He also saved another 20 lakhs in 5 years. What will be the loan he will have to take in the year 2020 to buy the same home?

  5. Is it true that all pre-launch 2 BHK’s in Nikoo 2 have been sold out?

    • I dont think so…All marketing tricks to make customer insecure.

      Or 2 bhks are in affordable range than 3 bhks…that may be the reason they are hiding.

      Anyways that close C plan is pathetic and would be suffocating with hardly possibility of air circulation. Dont worry even if it is sold ;) ….

  6. Hi,

    I am selling my 1 BHK 760 sq ft in Nikoo home Phase 1, Tower 9, Floor no 17
    No Floor rise charges, No PLC.
    Car parking charges & some other charges are less compared to Nikoo Home Phase 2.

    Currently they are constructing 21st floor, completed 18th floor in April 15

    Expected possession by May/June of 2016, within 1 year.

    Interested buyers can reach me on webmail.raju@gmail.com

  7. Hi,

    I am selling my 1 BHK 760 sq ft in Nikoo home Phase 1, Tower 9, interested buyers can reach me on webmail.raju@gmail.com

  8. I am interested in 2bhk/3bhk apartment in BC, not the pre launch is going to start from Monday but in earlier phase.
    Reasonable price, i can close the deal quickly.

    I understand the pre-launch price for new phase is Rs. 4530/- looking better rate from re-sale.

    • How about 4500 rate for resale but delivery date of 2019 wherein seller gets to stay or earn rent till phase 2 is ready????

  9. Hi. I have 1 / 1.2 / 2 / 3 bhk options in phase 2- price 4520/- call on 9611686565

  10. I would like to upgrade to a 3BHK and am planning to sell my 2BHK in Bhartiya City. Its on Tower 9, possession is expected by July 2016. If interested please call me on +91 9880-603-057.

    • This is an innovative selling reason. Which 3bhk unit are you buying

    • Not sure if ppl are eager to buy this time. They quoted record sales last time in short time..

    • I should have specified this earlier. The price expected is Rs 5000 per Sq Ft. This covers the floor rise charges of Rs 150 and transfer fee of Rs 100.

      Please stop low ball offers of phase 2 price. I already have offer of Rs 4800, I’m not interested in your logic of why my price should be lower.

      • 4800.. Playing marketing gimmick?

        I am almost sure that you have no buyers for that price…

        • Why bother or care if ur so sure….buy at whatever price u can get….no one needs to prove anything

        • I just got two buyers call me today morning who are willing to pay Rs 5000. My broker tells me to wait as Bhartiya City themselves are going to increase the phase 2 price by Rs 200 after the prelaunch. This will continue after sale of every 200 apartments.

          Much better prices can be expected in 2-3 months time. So I’m deciding to hold.

          • Have a 2 bhk of 1098 sqft for sale in phase 1, Tower 7, 9th floor. Interested parties my email me on samirsait@outlook.com or call me on 9845051935.

          • Hi,

            Selling my 2 bhk of 1098 sqft in phase 1, tower 7, 9th floor. Interested parties call email be on samirsait@gmail.com or call me on 9845051935

          • Please hold. Its your apartment, your money and your time.

          • @R

            I hope both of them are checking other sources as well. Because, most of the http://www.commonfloor.com/ listings are at around INR 4500/-. Now, why would anyone pay more?

            And brokers, well ….they almost always try to execute the deal sooner than later, so that they can get away with their commissions; they care 2 hoots for your extra gains, if any, by holding.

            INR 4500 this is the price at which BC is per-launching phase 2. Why pay more, when you are an investor?

            • What you don’t realize is phase 2 completion is after 3 years and work has not started, phase 1 has already completed 20 floors of 25. Also Phase 2 has other charges which are more than Phase 1. And finally the phase 2 pre launch are sold out.

              • @Sandeep

                What you didn’t realize is that your comments are self contradictory.

                While you tried to justify Phase1 value propositions, the fact that Phase2 is already sold out answers the question I asked in my post above:

                Why pay more, when you are an investor?

                INVESTORS understood that it’s not worth paying more for Phase-I, rather pay in small installments in the next 3-5 years.

                For Phase-2, investors will pay fractional price now and sell it off before completion. This is how people make money in real estate. But the catch is in SELLING part. One must be able to SELL.

                Investing in already completed or near completion project is FOOLISH. That’s why existing investors in phase-I must find a home-buyer rather than another investor. And when it comes to home-buyers, affordability is a big question, a factor that is pulling RE market down currently. To reiterate what I have been saying for long:

                Real Estate prices depend on the affordability of the masses, and not on SPECULATIONS.

                Investors BEWARE.

            • those listings are either old or not of much user…. STOP misguiding people using your theories without actually buying or selling an apartment…i have contacted all of them over past month or so and not even one person is offering 4500… secondly its common sense that phase 2 is at least 3-4 yrs away from delivery whereas phase 1 is on track for delivery next yr and hence price comparison is irrelevant….. other fact to bear in mind is that BC seems to one of the few builder delivering on what they committed n timelines which is a sort of rarity today and explains which they are still in demand when the market is weak

              • The Real Estate is going through a bubble now. The builders/developers are not able to sell for huge prices, too much supply than demand. There is a huge demand for 2.5 bhk in 70lacs range but no supply. Any tom, dick and harry is charging close to 1cr for a 3bhk. 2 bhk ppl are not willing to spend 70lacs as after 2-3 years if they try to sell still it would be 70 lacs only.

                BC is not yet started its commercial and official space construction. And will start once they hand over the possession. So it is at least 5-6 years down the line from current. Now if the bubble will burst or continue will be decided only by time.

                There will be panic created to resale market once builder start offering discount or some great scheme.

              • I dont feel BC is worth more than 4k per sqft. It would be foolishness to pay more than that. The maintenance will also be quite huge.

              • @SKS

                >>>>>> i have contacted all of them over past month or so and not even one person is offering 4500

                Are you sure: it’s ALL? What’s the average selling price you figured out? Can you enlighten us?

                Please bear in mind that INVESTORS prefer pre-launch properties to completed or near completion ones. Obviously, pre-launches are getting heightened attention.

                It makes sense, because the appreciation is highest between pre-launch and completion. One needs to shell out only fractional amount during this phase, while the property appreciates on FULL amount. It’s more like stock market derivative play, except that there is no expiry date and it’s highly illiquid.

                • I mentioned what I exprienced when I tried to buy in resale..dont see the need to give explanations to someone I dont know….since u claim to know it all why dont u call urself and find deals under 4500 and help buyers on this forum?

                  Its one thing to shoot from behind but entirely different to get something actually done

              • So you have already assumed that the builder will deliver in time even though it is still more than a year to complete. You looks like a newbie in real estate and has no knowledge about builders timeline.

                Just a few months back even owners of Prestige Tranquility were thinking that everything is going in time and they will get the delivery of their flats even before the deadline and now when the deadline is nearing, the builder has already postponed the delivery date by 1 year or so.

                Just wait for the deadline to complete and then the real story will unfold.

                • I said its on track and yes there could be delay..just that they have been better than the rest till now….theres no guarantee for anything which any sane person knows n one need mot be real estate expert

          • @R

            well tried Mr Capital “R”
            5000/- and you have refused the offer! LOL

            • Dear Capital “RR”. You clearly are not the owner of any apartment in Bhartiya City, else you wont object on price. Yet you visit these specific comments and take time out to comment also. Wow!

              Hmm wonder why – oh coz you want to buy? And your limited intelligence tells you that such comments might bring down the rate? ha ha.

              Well son, watch the price increase every few months and lets talk after one year!

              • @Baap (not sure whose?)

                Bhartiya City was selling for Rs 3970 in 2012. Now, it’s 4500. Just Rs 530 gain in 3 years?

                At 8% interest, compounded quarterly, Rs 3970 put in FD will bring Rs.1064.92 in interest income. If you deduct 30% on tax, you still make Rs 745, more than Bhartiya City’s gain of Rs 530.

                Do your math before you speak on public forum.

                • Lets help you do math!

                  First of all: BC launch price was 3870 (not 3970).
                  BC Phase II pre launch price is: 4530 (with min Rs. 100 PLC with any apartment).

                  so, 4530+100 = 4630 – 3870 = 760 per sqft.
                  also, the 3 years are not completed yet for the Phase 1 launch. it was launched 25th Oct 2012. still 5 months away from completing 3 years.

                  also, you are comparing phase 1 launch price with phase 2 launch price!! while phase 1 construction is already progressed whereas phase 2 construction will start in next 2-3 months.

                • You are comparing 2 dissimilar amounts.

                  Of that 3970 how much has been paid by customer till now? around half, that too in stages…
                  so the gain calculated by you should be double.

                  You are considering the amount as investment which you have not even paid, while for FD you calculated interest on full amt.

                  Do the maths correctly.

                  • @Saurabh

                    >>>>>>>>Of that 3970 how much has been paid by customer till now? around half, that too in stages…

                    This is the precise reason, I restricted my calculations to PER SQ. FT. and not on the Total cost of the apartment.

                    In other words, for each of the sq. ft. you paid for (even if it constitutes 50% of the total area), you end up losing Rs.1064.92 per sq. ft. per annum.

                    Is it so difficult to understand that:

                    even if you have paid half of the TOTAL cost of apartment, your formula for LOSS remains same PER SQ. FT ?

                  • @Manjushree
                    Calculate the amt. you have paid till now and calculate the amt. you will get if you sell the apt. at 4530 (phase 2 rate) and you will come to know where you are miss calculating.

                    It’s very easy to understand.

                • Some people are weak in mathematics. They may not even understand what percentage means. They see some profit in lakhs and they feel they are smart. But it is because of these people economy grows. Without fools real estate economy would not have grown which is providing jobs for lakhs of poor. So fools can be building blocks of economy as well.

              • Hahaha cant stop my smile on your frustrations apart from thinking that people like you will be living in BC! … what is this B….C…!

                Once i saw a movie which had a dialog ” Lagta hai thakur sahab maine aap ki dukhti rag par haat rakh diya”

                LOL… u seems to me that Thakur without hand LOL

                Your comment shows your frustration completely my son’s son!

                I think you are the same big R and commented with changed name!

                cheers! ;-)

                • with all due respect to all lets dont blame each other. If any one ant to buy or sell their property let them do. If price is higher you think step away and let the seller find the buyers.

                  In my opinion

                  1. If you are 1st time buyer and would like to buy a home for your own leaving for next 5-10 yrs then it should be OK for you buy any property within your budget. If you are looking to become crorepati in a year or two by selling flat then stay away from real-estate.

                  2. If you are pure investor and want to rent or want to sell then you should look for good rate / location/ builder. When i am saying investor you should be capable enough to use your own funds with out bank loan. Only then you can make profit when you want to exit. If you are involving bank and loan then i dont think profit will be more with all the interest what you paid.

                  For safety you should involve bank to verify property and you should pay the disburse amount on day one to bank.

                  3. Every one will say blore is end user market and price appreciation will be more. Blore is not like mumbai. Blore only exists for IT and IT office can shift to other place or ask to do work from home in future. In this case getting profit from selling flat will be difficult because there is plenty of options will be available for buyers.

                  4. If you want to book real profit invest in shares or land. If you want to buy a flat for your own use or 2nd income as rent for your future then you should go ahead as buy within your budget. for 2BHK 40-70 lakhs should be decent. Dont pay crore to have a 2BHK. It does not worth it.

          • Great… First time hearing someone ready to pay without negotiations in India. Best of luck and I wish your investment gets doubled with time.

            • I don’t mind paying that price. Post phone number of genuine sellers who are willing to sell 2 BHK in phase 1 below that price and I will settle the transaction immediately.

              Brokers please excuse.

          • It is good to sell at the market price if you get any buyer. If you greed for more, you will not find any buyer. Some time greed makes a person blind.

          • @R, there are many in this forum who will be more than happy to sell at lesser than 5000/-, so if u can share the buyers details, many can give you a nice treat as well ;-)

        • Mr SELL

          Please watch your words when you are commenting at someones posts, its left to individuals on what price they want to sell .People like you only comment and try to be a spoilsport.
          I have also met people like who bargain for long and when i agreed to his price and asked him how soon he can close the deal, he just vanished.

          • Brother..thats how the market is….
            Buying is always an easy job, selling is tricky… Remember market rule “Decide a profit and exit, price will keep on varying and would go up”

            Genuine buyers are also hard core bargainers and have plenty options…. :)

            • no buyers..i am waiting to sell my property in chennai for the last 2 years..its very very very dry..there are actually no sales happening..unless government buys the property there cannot be any growth in this sector..

              • “no buyers”??? well that’s an exaggerated verdict.
                Real estate market is slow these days, but it has not stopped. Transactions are less but taking place regularly.

                If seller’s expectations are way above market price, he may have to wait for 10 years and still not be able to sell.

              • In fact, govt is already planning to buy all the flats held by investors to give a push for the economy. Govt is planning to buy at 10% more than the market price. I am planning to sell my own flat to govt and then stay on rent as I am not able to afford the emi.

  11. I want to sell my1.5BHK flat at 7the floor 933 Sq.ft. Please call me if some interested.
    Contact Number: 9945503649. Due to family problem I am in critical situation to sell it .

  12. Hi, Any idea if BCIT is picked up by any companies? I spoke to the sales person from whom I did my flat transaction and many times the only answer I get is “there are many interested companies and we are sorting out suitable ones to take up BCIT”. If you have any latest updates, pls share.

  13. Hi I want to sell 1 bhk, 781 sft on 15th floor. I bought it for 4120 per sft and a total price of 39 lakhs. Not interested in any profit other than a lakh. Rest transfer charges to be borne by buyer. Anybody interested send an SMS to 8861344005.

  14. Hi I have 1.5 bhk 934 sft in tower 9, 3rd floor, if interested call me on 9611686565.

  15. I am interested in selling my 1.5 BHK(934 Sq ft). Genuine buyers please call @9663376706

    • amar – there are no genuine buyer..unless you quote a price which is less than 20 % than the pre-launch price..there can be takers..this type of profit making is no more possible in this sector..

      with regulation coming in place soon..this sectors survival is going to be very difficult. if the builder cheats then criminal proceedings can be filed and you know how many yrs it is going to take in india..

      • Sorry, I desperately want to buy so making such statements and trying my luck.

        • That’s so lame…if u want to buy talk to people and offer a reasonable price instead of making comments like some other people on this forum …..

          • reasonable price differs from persons to persons. It is his reasonable price that he is offering. Reasonable prices does not mean you have to offer in crores.

            • Friends..pls look at all the property websites for the available ready to move in inventory..before you offer a price..investors are only trying to exit..but could not..
              if you can take a 5 to 10 % loss then u shld still go ahead and sell..prices will come down once real estate regulator comes in place..

              • Why prices will come down when real estate regulator (RER) comes in place ??
                With RER there will be:
                1. More regulation for builder hence there cost will go up.
                2. Low risk factor for buyer, hence theoretically higher cost (low risk things are costlier than high risk things)
                3. Low risk means more buyers, that means more demand.
                4. Future projects will take time to get permissions, hence supply will reduce.

                There is no logic how cost will come down with RER.

                P.S.: I am not saying that cost will go up after RER.

                • @saurabh – Assuming that you are in 30s (age)..just rewind back 10 years ago the cost to call anyone in other state ..the cell providers used to charge per min 15 rs…have u experienced this earlier if not pls ask your friends..

                  Now look at the price of the call charges..this pricing came only after there was a telecom regulatory in place..so the price of the apartment will come by 30-40 % ..bcoz of transparency..Will you buy an apartment for 1 CR? If you are then let me know..i will get you a home in AMERICA..or London..Atleat you will have good roads..

                  • @Kamal, Technology and Rea Estate is not comparable.
                    Price of Telecom came down due to reduced technology cost and explosive growth in user base.
                    If you compare Technology price with real estate price, 10 yrs back, feature phones use to cost 5000/- the same phones now cost 1000/-
                    With that logic the fats which cost 10L should cost 2L now. (considering there is no regulator for handsets and real estate).

                    I have already mentioned all the reasons for which i believe RER will not make property prices go down. Can you counter those.

                    And I also mentioned that I am expecting the prices to go up.

                  • *And I also mentioned that I am not expecting the prices to go up.

                  • I think we all really wish that happens but dont think comparison with telecom is appropriate in anyway. The basic elements of these two businesses are very different with different drivers

            • look at what ur saying.. who spoke about crores? not sure whats ur intent here but all i said was talk to people and offer a reasonable price.. i never told him what a reasonable price was… if he thinks 20% below pre launch is reasonable then so be it but he shouldn’t at least say that he is saying so out of desperation n apologize for it… no body is stopping you from offering him 20 % or lower price if u have an apartment…grow up !

        • Hi Ram
          Call me i have very attractive deal for you.
          9845014561

        • Call me I have option for you phase 2

      • Everyone is now quoting premium, I wish I had booked when prices were lower :(

    • Hi People,

      I am looking for a 3.5 bhk 1917 sq ft apt in Bhartiya city. Please contact me on 9845901834.

  16. I am interested in 2/2.5 BHK apartment at Bhartiya city. Please contact me on 9880418103 if interested in selling.

  17. Hello,

    We own 3bhk in 24th floor. Planning to swap for lower floor within 10 floors.

    Interested please reply.

  18. Any news on Leela Residences project take off. I heard that it will be much better than Prestige Leela Residences as Bhartiya City people claim that they will teach and show Bangalore builders how to build. Looks like there is a lot to learn from these Delhi Builders.

    • Hi Siddarth,
      Yes Leela residence is opened for sale, but only large size one, smaller one sold out,
      Prestige Leela residence is an apartment designed with the theme of Leela hotel.

      Bhartiya Leela residence is a large development with the Leela hotel attached to it, and it is joint development/ maintenance of Leela & Bhartiya, wherein bhartiya & Leela will maintain the project with its current theme and management. this is what they say and claim.

      Lets wait and watch what gyan can we get from them.

      • Hi, is there any barication inside between nikoo homes and leela bcoz there is huge difference b/n price and aminities

  19. Hi,

    I have a highly demanded 2.5 BHK DUPLEX Apartment at Bhartiya City Phase – I in Tower 9 at 11th Floor of 27th Floor. If anyone is interested please feel free to call me at 9902766644 or email me at tkmandal@yahoo.com. BC have completed 15th floor of Tower 9. There are no flats available with Bhartiya City from Phase – I. The progress of construction is in rapid pace and expected to be completed the Tower 9 by mid of 2016. Once Leela Palace and its service apartments get ready (just opposite to the apartment) the value of this apartment is expected to touch 1.3 Cr.

    • If you are expecting the price to touch 1.3 crore by mid 2016 then why are you selling your apartment now ? Better wait another year and sell :-)

      • Thanks Rajesh. I have booked BC for my family living only and would have love to hold. However, its purely personal reason am disposing off.

        • @TAPAS..Every investor says the same..Can u sell it at the price that you bought..with 10 % less price ?

          buddy..there are no buyers in the market..before waiting for the market to crash..better you sell for 10-15 % less and exit..investors should learn to loose as well.

      • Same with builders also.WHy they sell quite quickly .Let it appreciate for next 5 years and sell it for 5 crores.

      • I am having 1.5 BHK in Tower 9 in Nikko Homes. If any one interested may call 8986871967 or email at dhananjaysail@yahoo.co.in

        • whats the price you are looking at Dhananjay?

          • The price will be approx Rs. 5000/- PSq Feet of BSP If any body is interested may contact 08986871967 or mail at dhananjaysail@yahoo.co.in

            • 5k rate is impossible at this point of time. BC is coming up with 4.5k/ sqft for their next phase (phase 2) then why people would buy at 5k in resale??

              Resale price is always be far lower then the rate which builder is coating. Any resale inventory can be sold around 3k – 4k depending on buyer and seller need, but it cannot be more than 4k at any cost for BC at this time.

              • Additionally…lot of BC units are available on resale in the market but no genuine buyer they are getting…no response just because the gap between seller’s asking price and market rate….buyer always would go with market demand but seller always comes up with perception based rate. Unit cannot be sold on perception based rate because perception based rate is unrealistic rate which never matches with realistic market price.
                By saying this, market is also not supporting real estate market at this point…market is going so slow…no much demand because gap between demand and supply is getting bigger and bigger day by day in Bangalore real estate market. So investor or genuine seller must be very specific in their asking price if they really need to get out of the project….

                Analysis is not specific to BC is it applicable holistically for the Bangalore market….a normal understanding people also can understand this by viewing tons of offers offered by different builders…they are holistically offering 15:85, 20:80, 25:75 because builders are unable to bare the loss by keeping units with themselves..they are keen to sale at any cost else they would have to bare hues losses.

              • looks like ur gonna decide everything for everyone… stop shooting from ur hip..

                the price might not be 5k but in the same way who are you to say that it should be 3-4k? let me know if u can get me at this price.. will be happy to buy…

              • what?? 3k – 4k for bhartiya city? the prelaunch price was 3870 psft, 2.6 years back.
                get real buddy.
                btw: would you sell ur unit at 3K? what about 3.5K? please let me know and we can seal the deal.

                • Try selling for more than Rs 4,000/- and you will realize the market value.

                • Dear Friend please don’t respond to those messages ( RJ so on), it has no head nor tail, they get free internet connection uni tier office so they type whatever comes to it, no investment so no ……… Why should we waste our precious time.

              • 3K-4K??? let know who is selling at that price?? there are many ready to buy at that price…

      • Impossible…. When now ready to move in flats of reputed builders are available for 1, 1.1 cr big size 3 bhk in resale market. This appreciation is highly unexpected.

        I can maximum think of 70 lacs all inclusive in current market from genuine buyer. I guess its 1265 sqft. See the link below…

        http://www.thehindu.com/news/cities/bangalore/buildings-boom-but-no-buyers/article6354362.ece

    • LOL @ highly demanded ! by who? desperate much dude ?

      • @Tapas

        “Highly demanded” and “1.3Cr for a 2.5 BHK “ made the day for everyone on this forum. Thanks.

    • pls get out of our dreams and come to realty… no doubt BC is a great project but fact is 2.5BHK duplex is not really a good design and is located in inner part of the building so wouldn’t get much light etc….secondly.. u probably are the only person to even think of a price of 1.3 crores and making fool out of urself by writing what ur writing…there are quite a few people who have 2.5BHK that are willing to sell but the pricing hasnt been much higher than 5 – 5.2k at this time… however if ur so sure, please get me customers for 90 lacs today ( over 40% lower than what ur saying it would be 1 yr from now) and i will sell my flat right now…..

    • Hi Tapas,

      Let people think what they want to think. I myself have booked a flat in BC and would recommend you to hold as long as it is possible for you. And if possible hold it for ever :) .

      From long term perspective, it will surely give good returns.Interest rates are coming down, banks will soon start reflecting the new rates and the trend for next few years is decrease in interest rates. With office spaces like Karle coming up in the area, Manyata still expanding and Bhartiya city’s own BCIT, and traffic problems that get worse will propel demand for rented place or purchase near work.

      I work in Manyata and most of my colleagues in below 35 age group do not have a home, all are looking forward to buy one in next few years. With some soon going to marry and earn double income, home is the first thing on their mind. With money in bank giving less interest going forward and loan EMI’s coming down along with tax benefit, I expect a change in sentiments in just about time when Bhartiya City is ready.

      Not to mention all the development that’s going to happen within Bhartiya city and around the area. When I came to bangalore in 2004, my friends from bangalore used to say Koramangala was outskirts in 1994. In 2004 for me Hebbal was outskirts. Positive and negative cycles will come and go,10 years from now, anybody who sells bhartiya city will only regret their decision.

      • The consumer sentiment seems to be turning against the real estate investments. Recently a buyer sentiment survey was carried out by IIM Bangalore and Magicbricks. A report on the survey in The Economic Times said that: “[The survey] forecasts that the home buyers expect real estate prices to drop over the next six months. In fact, the aggregate Housing Sentiment Index (HSI), measured across the 10 cities, dropped sharply by 29% in the 3rd quarter of 2014-15 to 81. (An HSI score of 100 suggests the prices would remain static).”

        @Raj

        >>>> 10 years from now, anybody who sells bhartiya city will only regret their decision.

        If prices double in 10 years, that’s a LOSS. Your money would have more than doubled if put in FD, without taking any risk. Moreover, if you account for borrowing cost (interest part of the EMI), you would have at least paid 80% of the cost of the flat as interest by then. Now, do your math. You will realize how BIG a LOSS it is if you are planning to sell after 10 years, even if you find a customer to pay more than double for your investment.

        • I understand where you are coming from, my dad said the same to me 10 years ago and put all his money in FD. I wish he hadn’t. Today most home prices are at least 2.5 times the rates in 2004 (most are even more), those homes also generated steady rents for 10 years apart from appreciation and also note that the rents are now about 3 times more than 10 years back. In any case past need not indicate future, but I would like to consider all of the below:

          1) At current interest rates it will take 7-8 years to double your money in FD. In my opinion most homes would too.

          2) This is with the assumption that you do not spend any of the FD interest.

          3) This is also with the assumption that interest rates wont come down, in reality all analyst predict interest rates coming down.

          4) Without a flat I have to pay rent and rent in most places grows at rate of 5-10% per annum. If you were to buy a house in BC today, from 2016-17 you can expect to save 3-4% on your current “house value” in rent annually (note: it is not on your investment value, its on your current house value). This will keep growing every year.

          5) As an area develops so does the value of house, and there is lot of development planned in this area. Even if you feel no development will happen, Karle will not be able to add office space etc construction projects need raw materials and wages which are impacted by inflation. you can expect inflation alone to move up the prices significantly in 10 years.

          With all this being said, the percentage of loan taken on property does impact which is better – renting or buying.For individual analysis below calculator is very helpful it accounts for several factors:

          http://www.bigdecisions.com/rentvsbuy.php

          • Waiting for any further price fall may not be wise.Prices have not gone up much during the last two years.Adjusted against inflation it is a fall in price.With the inflation inching up don’t expect any crash.Rents will go up with inflation and interest rates on FD are poised to fall.In such a scenario not buying for end use is foolishness.RE or gold gives huge gains only in short periods of time.During long periods RE will hold its own and gives better gains in the event of sale.Anyway don’t think of sale for sometime.If you want pure investment buy plot but it is risky in big cities because you can’t make out whether you have been duped or whether some thug is lurking round the corner to fleece you over ownership rights or some other reasons.

          • ye sure , you can’t compare real estate with FD.
            This is not for BC, it’s valid for nay property.

          • 10 years later if you are benchmarking your property to double, why would anyone not buy in a new building at those rates? There is also something called depreciation! Also capital gains tax that you will need to pay if you sell – in case you buy another property to avoid paying the tax in that case it is only paper profit – worthless – Please remember the more developed a country gets the more stagnant its markets get – whether it is GDP or property prices. Also you can be rest assured that the next 10 years returns from real estate are not going to be anywhere near the past 2 decades and there is nothing wrong if your dad had put the money in FD 10 years ago – he played it safe – it is you who are being greedy and wishing he hadnt….

            • Well said my friend

              • Thanks Rochester!
                It amazes me that there are over a billion people in India and of them 95% (at least) are just herd followers who bank on rumours and past performance. If A is doing something so should B. Yes, a few investors over the last 2 decades made stunning profits and increased wealth by leaps and bounds, but that doesn’t mean it will continue to happen. Anyway good luck to all!

            • 100 % agree

  20. There is an CDP road and PRR planned to pass through the property. The city concept does not hold true if public roads pass through it. Does anyone have view on this. Is it good or bad?

    • If PRR pass through the property it will be great positive for Bhartiya City. Please note that porposed PRR is about 1 km away from Nikoo homes.

    • Deepak,
      As i got to know, there are 2 phases, and this PRR should pass through between phase 1 and phase 2, currently phase 1 is being developed and phase 2 is planned for later.

      Rajesh

    • The PRR proposed road will be great for this project. This road is already shown on their master plan drawings. This will be great for connectivity to Whitefield and other areas in the east. The road is more than 1 km from the Nikoo homes being built. Phase 1 of the project is completely sold out. Phase 2 is slated to open any time in March close to the festival season. Construction if phase 1 and the IT complex is going on at good speed.

  21. The pace of construction has picked up in Bhartiya city and looks like they will be able to finish the project by July to Sep 2016. It is great news. I conclude this because 9 th floor is ready in block 9 and now the lag is only 3 months.

  22. If one sees the google map – there is a huge quarry radially at a distance of around 1 km from the Nikoo homes area (Hosur bande quarry). Won’t there be a concern due to the blasting work carried out in this quarry ? This might affect the building foundations. This quarry is operating illegally with nexus between the quarry mafia and the politicians because as per supreme court quarrying in a residential area is illegal. Kolte patil raaga apartment is already bearing a brunt due to blasting work carried out on a daily basis. Anyone who is booking in Nikoo homes must force the builder as a good-will gesture to enforce stopping of the quarrying nearby. I hope Bhartiya city management can do the same due to there connections and influence. I would also suggest to all the builders doing development in the nearby area – like Brigade, Kolte Patil, Supertech, Bhartiya City to join hands and enforce stopping of the quarrying.

    • The distance as measured in google maps is more like 2 km from BC. I don’t think this is an issue. Hotel Leela is investing something like 300 crores to build hotel and residences not to mention thousands of crores by Bhartiya group. I am sure these guys have looked at this before investing so much.
      If you have not read the details, after construction BC still plans to own all the commercial building and spaces and lease it to the companies. So unlike other construction projects BC will still have a big financial stake in the success and maintenance of this whole area.
      Also note that the prject will be complete only in 2018 or so by which time this quary might be completely fleeced.
      In my opinion this is one of the best projects in B’lore right now. If BC sticks to it’s plans and delivers on it this will be the area everyone will be envious of. It is very similar to Brigade Gardens project in Rajaji Nagar. Just look at those homes now. There is nothing less than 2 Crores even for 2 BHK.

      Please note that these are my opinions based on detailed research I did and I am not Agent or BC management person.

      Ajay

  23. We are interested in a 2 or 2.5 bhk at Nikoo homes. If anyone is interested in selling, please contact me at rpicl20002001@yahoo.com or 9620722200

    • Hello Raj,

      Have seen your post showing your interest for 2- 2.5 BHK at Bhartiya City.
      I have 2.5 BHK Duplex Apartment in Tower 9 at 11th Floor. If you are interested to buy please call me for the discussion. I am available at 9902766644.

  24. Hi,
    I am selling my 1 BHK,area 760 sft tower 8, 19 floor @ 5000/- per sft basic all other charges as per builders list. Genuine buyers mail @ halimamnm@gmail.com

  25. I am interested in buying a 3 BHK preferably above 8th floor. Please contact me if anyone is interested to sell. Email : jay123613@yahoo.com

  26. Looks like Leela Residences is coming up in Bhartiya City. Harsha can you please put some light on this?

    I just received below email from a sales person and its on pre-launch

    ———————————————————————————————————————————
    Dear Sir,

    Greetings from Bhartiya City!!

    We bring you ‘Leela Residences’ – branded residences on the 126 acres of experience called the Bhartiya City.
    An exclusive community of premium luxury residences, adjacent to the 256 keys Leela Hotel set amidst the effervescent ‘City Centre’ of Bhartiya City.
    The branded residential block is maintained and serviced by the Leela Hotel and will come with premium specifications as standard.
    The Leela Residences at Bhartiya City will be spread across 3 towers, soaring up to 24 levels with a clear view of the Central park, landscaped terraces, the boulevard or all of them. The unified 6th level of the 3 towers will hold the ‘Residents only’ club, which will be manned and managed by the Leela Hotel. The club house spill out on the landscaped terrace which also hold the heated swimming pool along with more amenities.

    Good living made effortless!!

    Bhartiya City is a mixed use development city comprising of residences of various formats, IT park, luxury hotel, convention centre, retail, Cineplex, schools, hospital, Centre of Performing Art and plenty of green public realms.
    The city is ideally located in the North of Bangalore halfway between the International Airport and MG Road.
    Bhartiya City is easily accessible by one of the many good roads like Outer Ring Road (ORR), Bellary Road (Elevated Express High way), etc. In future, the planned Peripheral Ring Road (PRR) adjacent to Bhartiya City will connect different parts of Bangalore.

    Leela Residences – where luxury is a way of life……………. Only for the discerning few.
    ———————————————————————————————————————————

    Thanks,
    Kishan

  27. Please find the below link for Investor / Resale stock

    http://harshasagar.com/resale-flats-in-bangalore/

  28. We are interested in a 2.5 bhk at Nikoo homes. If anyone is interested in selling, please contact me at seemasharma312@yahoo.com

  29. Do let us know if anyone here is interested in a 2BHK at Bhartiya City. Please provide your contact details/mail address in reply to this post, and we’ll get in touch with you.

  30. Visited the site yesterday, all 2 and 2+ bhk are sold out, only loft and some large 3 bhk are available, interested in 2+ or smaller 3 bhk let me know if any is available for resale. The marketing guy also told be about another phase launch in a few months (2-3).

  31. Is Bharatiya city also having any issues with flats facing graveyard, crematorium like Shoba city, can anyone help on this point

    • No it doesnt have any such issues, however the construction is little slower compared to expectations.

      • GIM Groups is telling lie.

        BC has graveyard behind the Block no. 9 /8 and 7.

        so pls be careful , looks GIM Groups has personal interest so providing wrong information.

        • We have no personal interest in this project.

          Behind tower 9/8/7 its not a graveyard, its couple of graves which might be old landlord family. It is not an operational graveyard as the case behind Sobha City.
          Hope this clarifies!

        • That graveyard is not used now, it has few very old graves. One can hardly recognize it.
          Nothing like Shobha city graveyard which is still used.

  32. I want to buy 2bhk.If anybody interested to sell contact me vibhorgupta1205@yahoo.co.in

  33. I am looking for 2bhk apt, if any 1 selling please mail to saritha.hbl@gmail.com

    • I suggest you to wait as progress is very slow.

      I am not sure if builder can complete the project as per plan and price is already 5000+ so wait for 6 months. Atleast you can save interest :)

      • Guru – What is your source for the price? The base price is 4720psqft.

        • Ant can run after than the construction speed. I am sure get the procession in 2020.

          Vision 2020 :)

          Joke apart, Bhartiya city is launching one more project in same campus so don’t expect much hike in price.

          Already base price is 4720+ and BC got only few 3+ servant qtr apartments. 50% are investors so get large no of apartments for sale. Wait for 2 months and check the price.

          I posted this 3 months before and no change in price. Are you expecting change in price :)

          • If you have more investors compared to end users, any project will surely get delayed
            But can someone from civil engineering line confirm what happens to the beams and structure if the delay is more than 10 yrs or so, will it still have the same structural strength, as plastering is not done, wont erosion take place

    • Hi,
      Iam intersted in buying a 3 BK let me know if anyone available at ur end.

      +919986702902.
      Shri.

    • I am looking for 2bhk.contact vaishebab@gmail.com

  34. What is the current quoted price?

  35. One of the member mentioned that BC is using Mivan technology in construction. Below are limitations I came across in Google below limitations about this technology:

    1) Because of few small sizes finishing lines are seen on the concrete surfaces Services after completing become slightly difficult due to the small width of components
    2) It requires uniform planning as well as uniform elevations to be cost effective
    3) The formwork requires number of spacer, wall ties etc. which are placed @ 2ft c/c; these produce problems such as seepage, leakages during monsoon
    4) Due to box-type construction, contraction cracks are likely to appear
    5) Heat of hydration is high due to shear walls It is rigid in design once placed, as any alteration becomes tough later.

    • Any completed project used this MIVAN technology. I read somewhere that Prestige Shantiniketan also used this tech for Residential blocks.
      Is this some kind of efficient and latest technology.
      Is it confirmed that BC is using this technology.
      As per my understanding, from 1st floor onwards there will not be any pillars or beams. Walls are formed with RCC in pre-cast frames. The walls are going to bear the load of building.

      • Hi Baasu,

        It’s a more strong, fast and proven technology across the world and most of the new highrise in Bangalore also are made using this. Don’t now about PSN but Purvrva highlands was built with this tech.

  36. There is one common wall in 2.5B inner facing… other configurations doesnt seem to have… consider this if you are going for this .

  37. Hello,

    I am interested in 3 BHK ( anything between 1- 4 floor) . If anyone interested in selling your apartment please email me the details – jayatlanta14@yahoo.com

    Thanks

  38. Are two sets of agreements (sale and construction) needed to be signed? The advocate advises to sign and send only one set. Please suggest the process

  39. Hi,

    Can someone tell me how much will be VAT and service tax % for a 3 bhk flat which is costing around 90L now ? Any inputs are appreciated.

  40. Hi All,

    If any one willing to sale sell their unit please contact me. I am interested to buy 3 or 2.5 or 2 bhk apartment on in BC Nikoo homes. If you bought earlier for investment and willing to sale now please call or mail me

    Mob-8792895257
    Mail-ajitrjha@gmail.com

  41. I am about to book a flat and I need the draft copy of the sale agreement. If anybody has the latest please share.

    • Did they offered you any discount and at what rate are you booking unit? Thanks.

    • No discount was given to me I just booked 1bed study flat.

    • Pl think twice before booking.
      some of the points which made me cancel are.
      1. there is no proper mention of lifts- 3 lifts for 250 houses
      2. there is no proper fire prevention mechanism or escape mechanism
      3. project completion time is 3years from 2014, so ROI will take more time
      4. I had to lose 50,000 for cancelling after booking and if you cancel after agreement may 5,00,000 (think twice). and will return the money after 60 working days Bhartiya city can enjoy my 2Lakh without interest good for corporates isnt it.,(,it says in the booking form. any signature take your time to read it)
      5. Selling methodology is they will say there is no flats available now, can pay a cheque for 2.5 L and will inform you when any apartment of your interest is available are opened as you are now preferential customer. and will suddenly call and ask you to reply within 5 minute half hour and then if you say yes, you got stuck!!!
      6. New builder from leather and fashion business
      7. more than 2500 houses in 17acres
      8. project with more than 2000 around that area- webcity, shoba city, purvankara beach..
      PRO:
      1. Peripheral ring road
      2. integrated township
      3. access to KIA

      • Hi, bad luck you had to loose 50K, but yes you are lucky to save few lakhs.

        1. there is no proper mention of lifts- 3 lifts for 250 houses : they have started construction by now they have completed 4 slabs, lift well and duct will be visible
        2. there is no proper fire prevention mechanism or escape mechanism : without fire clearance they will not get O.C
        3. project completion time is 3years from 2014, so ROI will take more time : every builder is talking 3.5 to 4 years only
        4. I had to lose 50,000 for cancelling after booking and if you cancel after agreement may 5,00,000 (think twice). and will return the money after 60 working days Bhartiya city can enjoy my 2Lakh without interest good for corporates isnt it.,(,it says in the booking form. any signature take your time to read it)
        5. Selling methodology is they will say there is no flats available now, can pay a cheque for 2.5 L and will inform you when any apartment of your interest is available are opened as you are now preferential customer. and will suddenly call and ask you to reply within 5 minute half hour and then if you say yes, you got stuck!!! every builder use the same marketing skills
        6. New builder from leather and fashion business : every second development is from new player, if you go to old player he will suck the last drop of your blood
        7. more than 2500 houses in 17acres : need to check and authenticate this point
        8. project with more than 2000 around that area- webcity, shoba city, purvankara beach.. all in the same lines
        PRO:
        1. Peripheral ring road
        2. integrated township
        3. access to KIA ;

  42. What is the discount bhartiya city is offering on current price ?

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