Mar 122013
 

The Greens by Indya Estates

Indya Estates a new entrant to Bangalore Real Estate is proposing to launch soon their apartment project called ‘The Greens’ located at Attibele – Anekal Road. ‘The Greens’ will offer over 2500 apartments and as part of the Phase 1 launch a total of 1278 apartments spread across 12.5 acres in 2 & 3 BHK configurations will be available for sale. The project is approved by Indiabulls Home Loans.

The Greens @ Attibele - Anekal Road

The Greens Options

  • 2 BHK – 695 sft, 750 sft, 800 sft, 890 sft
  • 3 BHK – 1118 sft, 1202 sft

The Greens Location

Attibele – Anekal Road, closer to Anekal town


View Larger Map

The Greens Price

Officially launched on 22nd March 2013 at a price of Rs. 1875/- sft.

2BHK basic price starts at 12.87 lacs.

The Greens Concerns

  • Indya Estates is a new entrant to Bangalore Real Estate – difficult to judge the quality and timely delivery of such a huge project
  • Location, very few projects under development in Attibele Anekal Road whereas a number of projects are under development in Attibele Sarjapur Road or Chandapura – Anekal Road which would offer better scope of development
  • Distance from Hosur Road is on the higher side and Attibele itself is almost 13 km from Electronic City

The Greens Investment Plus Points

  • The proposed amenities look good (on paper) and would be great if executed
  • Backed by ‘Valmark Realty Fund’ the chances of executing the project as proposed look better

Take the poll – Is ‘The Greens’ a good investment

  160 Responses to “The Greens by Indya Estates – Location, Price, Review, Public Opinion & More”

  1. Hi i booked flat in greens bangalore phase 2 950sq ft . Does anyone booked phase 2 pls tell slap amt to be paid during construction. Thank u

  2. HI guys the greens is a awesome location i have seen ever it has a gud utility, sport zone, swimmin pools, parks etc. i preffer u guys to hv one of it.

    • Hi ,

      I am Nidhin Mohan and I an intested in buying a 2bhk flat @ Indya Estates, Greens.

      Can someone here could help me understanding better about the investing on this project ????

      Thanks and Regards,

      Nidhin S Mohan

      • hi Nidhin Mohan,

        I am planning to sell my flat as I am relocating from Bangalore. I had booked in March 2013 being developed by ‘Indya Estates The Greens’. Specifications are as below

        Area: 800 sqft
        Rate to sell: 24L
        Flate: Amber, Tower A, North Facing (2th floor)
        For any queries, call me at 8884490228

  3. I am planning to sell my flat as I am relocating from Bangalore. I had booked in March 2013 being developed by ‘Indya Estates The Greens’. Specifications are as below

    Area: 800 sqft
    Rate to sell: 2375/sqft excluding floor rise
    Flate: Amber, Tower E, North Facing (7th floor)
    For any queries, please contact Rajiv(rajivginotra@gmail.com)

  4. Also, for the benefit of all the people who have booked the flats here I want to tell that the construction is going on in full swing. I am regularly tracking the progress by personal visits and it is really good. I can now see almost 4 floors in all the buidings, wish I could post the pictures. Thanks

  5. This is located at Anekal town just two km from the Bus stand and stone through from the Anekal Railway station, Aneakl is well connected with Bus and Railways, got all the facalities like Doctors Nursing home, Vegetible Market, mutton market, Schools colleges ,and all the Govt offices, this projected is just next to the Anekal Town Muncipal limit, in the future this is also going to be included in the Muncipal Limit , in the last budget of 2013 karnataka, the Govt has allocated Rs 450 cr for the drinking water from the Shimsha river for the anekal Town and the surrounding villages , if the work start immediately with in another two years this projected is get completed.once this Water and the Muncipal Limit will come the land value will rise like volcano. This is the best investement and for living.

  6. Anybody got the loan approved by ICICI Home Loans? Pls let me know. savitadb@gmail.com.

  7. Hi,

    Day before yesterday i have booked 2BHK flat in Amber.
    Can somebody guide me what are the next step towards loan and registration ?
    What are the things that i have to take care while giving payments and registration ? I am going to take loan from LIC.

    Thanks,
    Madan Mohan
    9833371016

  8. now a time wt is rate ..of this project any body help me abt this … I am in Mumbai……

    • Hello Friends,

      Few months back I was an investor in this project, Now I have taken my decision to cancel due to relocation (from Bangalore to Chennai) & hence I sent the same to the INDYA ESTATE team sitting at RT.Nagar, Till date there is no reply, Its been 40 days, None care to reply thru email or phone call. I have many email sent across, they have shown NO interest to refund my booking amount or clarify any comments, When I make calls it is not answered by the concerned staff but directed to another who is not related & take more time.
      Pl z make your investment wise & never waste the hard earned money.
      Still I am waiting for their reply….
      Regards
      J.Madhu

      • dear Ms madhu
        Since u r not interested in continueing yr investment with indya greens. We r interested in purchasing the flat booked by u.pls send the following details
        1.size of yr flat indicating 1,2,or3bhk
        2.amount psq ft u paid.
        3. Amount paid as on paid.
        4. Have u seen the site.
        We r ready to pay the amount paid by you after trasfer formalities being compeleted by the builder. Pls revert on my id kabhartiya@gmail.com
        Thankyou

        • I would like to sell my flat@launch price(Rs1975/sqft) which I had booked in March 2013 being developed by ‘Indya Estates The Greens’. Specifications are as below
          Area: 1202 sqft rate to sell:1975/sqft(Not negotiable)
          Flate:TEAK, 207, Tower B, East Facing
          For any queries, please contact Murali(8095550100)

      • I wd be interested in outright purchase of yr flat if u provide me following details -
        1.size of yr flat indicating 1,2,or3bhk
        2.amount psq ft u paid.
        3. Amount paid as on paid.
        4. Have u seen the site.
        We r ready to pay the amount paid by you after trasfer formalities being compeleted by the builder. Pls revert on my id rishabjha2007@gmail.com.

        • Hi Rishab

          below details as u requested

          1.size of yr flat indicating 1,2,or3bhk 3 BHK
          2.amount psq ft u paid. @1975
          3. Amount paid as on paid. 568165/– 20 % of total amt
          4. Have u seen the site.Yes

      • Sir,, I am interested to buy bt i need some time,,,,,, if u r interested plz reply….

    • now they are booking for Rs.2375 per square feet

  9. Hi,

    The understanding towards Pre-EMI is the same, Builder pays out the EMI on behalf of the purchaser by crediting the amount towards interest incurred.

    On request the builders have shared an undertaking as follows -
    “This is with reference to your pre EMI interest to be remitted by us for your booking an apartment in the prestigious project “THE GREENS” till possession December 2014. We shall remit the pre EMI interest amount into your account two days prior to the EMI interest due to be paid by you to your bank.”

    However a few questions -
    1. There is no clause which specific’s a situation of liability to the bank incase of payments not made by the builder as per the undertaking.
    2. Will this undertaking be included in the Sale & Construction agreement.As of now this does not exist.
    3.Will the Bank & Builder be a party to this agreement?
    4. A clause in the agreement states that documents have been scrutinized and verified by the buyer. However the CD shared does not have complete documents as the specified documents listed are missing – BMRDA approval, Enviromental and Fireforce Clearance, Builders authorisation letter for the Autorised signatory on the agreements.etc.
    5. Do the charges specified include lift installation.

    Do buyers out there have any knowledge to these questions? If yes, please enlighten.

    Regards,
    Ali

    • Ali… these are all good points… m posting it on facebook The Greens community page… please comment and post their…. many owners at The Greens are active on facebook.

    • Dear Sir,

      The very same was question were sent to the Indya estate by me a month ago thru email, the concerned staff left the job, & I still not get any reply w r t these question, They are now calling me over the phone , No reply thru email. This situation looks like grim,
      They not shown the BMRDA approval anywhere all thru these days.
      I still wait over.
      Rgds
      JMdhu

  10. Hi,

    I have booked a 2 BHK in Amber. I booked yesterday by paying the booking amount. I have received the money receipt and all legal documents for lawyer verification. I agree with forming a gmail group.
    If you all are interested then let us be in a group to share the personal ideas to make “The Green” owner’s group more friendly for making the apartment loaded with the basic important needs at our door step.

    I have also suggested the builder for providing a facilities for Vegitable/Grocery shop inside the campus. A clinic with Doctor facility, Day care for kids.
    They are now collecting the feedback from the persons booking the flats in the project.

    Looking forward from you more …..

    Thanks to all..

    • I have booked a 2 bhk with greens and paid the intial booking amount. i have received the allotment letter. the builder is calling me to their office for the agreement. I am confused because the flat which was booked is in 6th floor and west facing and it will be for investment puropse. My question is will there be anybody who will come for rent or buy the flat may be after 3-4 years since it is on 6th floor and west facing. should i go ahead or not?

      please any suggestion???

  11. I seriously think, we need a mailgroup for Indya Estate – Greens. There are so many of us who has booked flat in this project and there is no single mailgroup to discuss and share the info. I am struggling to decide Bank through which I can avail home loan here. There is one Facebook link and common-floor community but didnt see any activities at both places. I think a google-group or yahoo-group would be much more effective and easy to communicate.

    • Guys I have created a google group called GREENS. Pls join.

      https://groups.google.com/forum/?fromgroups#!pendingmember/greens_indyaestates/apply

    • Hi All,
      Am also planning to book the flat under pine(695 sq.ft).I visited the site on Thursday, construction going on full swing.Am also having concern about “No pre-EMI”.

      Kindly help me to understand this.

      Thnak you

      • No Pre EMI means…. the buyer need not pay the EMI untill possession. The builder will pay the EMI to the bank on behalf of the buyer until possession. The builder will deposit the money into the buyer”s account n the bank will debit the amount. The advantage to the builder is that they pay the EMI which is a small amount but the housing loan company will disburse the funds to them based on the progress in construction.

        • Dear Sir,

          As before comments by me,
          I received the sale agreement to be signed by me for further process, after reading the agreement,
          1) They are asking us to pay the stage wise payment (mentioned in the agreement in two format)
          2) I requested them get the Loan provider for me to contact, No loan provider (ICICI or LICHL or First Blue have contacted me, Neither the Builder or the sales manager has ever come back for further processing of my sale agreement
          ALL THIS AFTER SENDING EMAIL OR CALLING THE SALES TO THE COMPANY, TILL NOW NO ACTION NO REPLY
          3) All this I have records, But I feel jilted for my action,
          4) They should call me or inform me when is the final date for approval of the Loan approval date, or what so ever,
          5) How come everyone is being able to meet the builder , I am an simple person , No email from the MD or Builder or XYZ no acknowledgement from the esteemed company.

          Does anyone care for the relationship at THE GREENS -INDYA ESTATE

          Regards,
          Madhu

    • Can you add me to the group – kalaikan@gmail.com

  12. which khatha does greens have?

  13. Does anyone know who is the Architect and Contractor for this project??

    • I asked to Indya, They said inhouse architect. Is there any connection with ginger infra. does anybody knows that?

      • ok thanks….. and what documents do you get from the builder for now?? for eg.
        1) Allotment Letter
        2) Sale Agreement.
        3) Undertaking that the builder will pay the pre-emi until possession.

        any other documents that the buyer need to collect from the builder for now?

    • I have booked a flat in Teak… has any got the loan approved already?? how does the pre-emi work??? is the builder paying the bank direct or through the buyer?

  14. I too had visited the site before booking and i was very much convinced with the progress of the work and today i enquired with one of my friend who is in marketing and confirmed that nearly 850 flats have been booked and rest will be sold soon then after they will launch the 2nd phase with highter price 2375 per sqfeet, so those have missed the bus can still catch, my assessment goes with the minimum risk, as work is infull swing, vallmark funded, and approved by many big private banks and finance companies. I think this should be enough to convince anybody

    • Hi ,

      I have booked flat in Pine block, did any one have taken legal opinion on the project.

      I have checked with one lawyer they say that their are many servery numbers and its difficult to do a back ground check.

      Please advise if some one has taken legal advise and how to go about it.

      Thanks

      • Hi sandy, i also booked 2bhk in pine A/403 & visited site 3 days back. all is ok but i have not recd. home loan . I suspect finance co. are not associted with builder. builder is now forgetting 20:80 scheme. so plz check this scheme properly. because now i suffered & mentally prepared to pay slabvise. its unfortunate.

    • Sir,
      I have booked a maple flat, How do I start paying the installament ? after executing the sale agreement, does the bank come in to picture to the buyer end or the builder end? Who will pay the 80% of the amount, ?? Pl explain

      • I am also planning to book a flat in Indya Estates.. The Greens, but was waiting for any response the confusion I guess many people would be having as mentioned by Mr. Madhu…

        Those who have booked the flats, can please help us understand how this Pre-EMI thing works…

        Thanks a lot in advance…

        Saurabh

  15. Hi manoj,
    I met the company officials and got the update on the same,I had similar doubts exactly like yours.
    My updation on this is
    A) they have tied up for departmental store already.
    B)ATM,not tied up yet,they will finalize by the completion of project.
    C) They are providing 2 passenger lifts for each tower instead of service lift.
    So even one lift has a problem,there should not be an issue.
    You can also get it verified once again with the company officials.

  16. Did anybody book in OAK?

    • yes I have booked in oak 3bhk

      • Dear Abhishek,

        Thanks for your response. I also booked a 3 BHK flat in OAK.

        Have you got your allotment letter from Builder?
        Have you executed the Sale Deed?

        • SIR
          YES MY PARENTS HAS BOOKED A FLAT FOR ME IN AMBER BLOCK A 890 SQ FT.

          MY DAD HAD ALREADY SIGNED THE AGREEMENT AND PAID FIRST INSTALLMENT ALSO COLLECTED ALLOTMENT LETTER.

        • No I will go to there office this Saturday.I have to pay some balance amount and then they would give the allotment letter.What about you?Which floor u have booked.

          • Hi Abhishek,

            Thanks for your response. I have booked in first floor. They are saying that they are waiting for some approval from Authorities, after getting the approval they will issue the Allotment letters. As per their recent advertisement dated 12.5.13 in all the leading news papers, they published that PHASE-2 will be launching soon. Once you get the Allotment Letter, please let me know. I am also waiting for the allotment letter.

            Did they give you property documents related to OAK for legal scrutiny? We need to take legal opinion before proceeding for execution of Sale Deed. Thanks & Be in touch.

            • I have booked a flat in OAK tower which is in phase 2. I had a detailed discussion with Indya estates folks in this regard. Following are the details :

              While booking we have to give INR 3 lakhs. They are waiting for approval from goverment for phase 2and hence they are not publicizing abt it which is a good sign. They are saying they are hoping to get approval in next 1-2 months (delay due to elections) and once they get approval they would be giving us legal papers to get verified by our lawyers and then they will do the sales deed with us and at that time we have to give remaining amount to complete 20% down payment. In the meantime we can check with bank for loan eligibilty ( i would prefer LIC housing bank). With what ever discussion i had with them, they are looking genuine and since this is their first project and they are serious abt it, i dont see any reason why they would delay the project. Since this is India, we can very well expect the phase 1 to be completed by March 2014 and the phase 2 by Dec’2014 (yet to launch). Not seeing an y reason for delay more than this since the longer the delay , longer they would have to pay pre emi on our behalf :) .
              I had discussion with Head of indya estates (Mr phagnis or smae person in the website) as well as few senior folks as well.
              So as of now everything looks genuine and also construction is in full swing. So if you are fine with location and sizes of flat go ahead and book the flat. Thsi project is on future STRR, so good chances of good appreciation (don know though that how much time will it take)

              • Dear Anjana,

                Thanks for sharing your inputs related to OAK. They communicated to me that completion date for Phase-II (OAK) is March 2015 but you mentioned that it is December 2014. Please re-check with them.

                I would like to bring to your notice that initially they published Super Built up Area is 1206 Sqft, later they changed to 1245 sqft without increasing any measurements in the rooms? What is your opinion on this matter? Should we re-check with them?

                Thanks & Be in touch.

                • Sorry My mistake :) . Phase 1 by Dec 2014 as per their declaration so assuming it be completed by March 2015 and Phase 2 by April 2015 as per their declaration so assuming it to be completed by Sep-oct 2015 timeframe.

                  Regarding the measurements from 1206 to 1245, I had a discussion with them. The size of flats remain the same as in 1206 but the increase in carpet area is in the galleries of the floor. I guess earlier the breadth of galleries was less and now they have increased the size of galleries..

            • Hi Sk,

              I will surely let you know once I get my allotment paper. We will go for legal opinion first then only we will sign the deal. Please join the group https://groups.google.com/forum/?fromgroups#!pendingmember/greens_indyaestates/apply.

              • Dear Abhishek,

                I have the drawing of 3 BHK showing SBA is 1206 Sq.ft in which Utility is clearly mentioned.

                Do you have the drawing of 3 BHK showing SBA is 1245 Sq.Ft? Please let me know if you have, so that we can compare and clear the ambiguity.

    • hello
      We have booked in Oak 950 sqft and waiting for approval from all sources as per the builder.
      We appreciate any news may be communicated in this forum and will be grqteful for the same.

    • I have booked in Oak (flat No. 207). I have requested for copies of the documents, whih are yet to be provided. My Mob. No. 9930331962.

  17. Dear Sir,
    I have visited the site , work is in full swing, may be he will complete it as per the schedule, but my question is -
    a) y no departmental store. Do u think for buying provisions and vegetable u have to travel 8 kms?
    b) to withdraw cash from ATM , you have to travel 8 kms.
    c) suppose if you are in in 8th or 9th floor, you have to wait for ten to fifteen minutes for the lift, since they are providing one lift one block.
    In case if there is a problem in lift the service people has to come and do the maintance till then you have to wait either to go out or you have to wait to enter your flat. In case of any one to be hospitalized once again people has to wait for ten to fifteen minutes. Why people are not thinking about this every one is running for the low price flats. If the builder wants to install one more lift it will be only 5 lakhs for cargo lift approximate. If the builder increases rupees five per square feet he can do it.
    When people are investing their money for peaceful stay this five per square feet is not a big amount.

  18. Hi ….
    I just visited the site yesterday.
    Let me answer your queries point by point as per my knowledge.
    1) Yes I have seen teak block position, infact they completed footing for this block, so very happy to see things happening so fast.
    2) Last 2 weeks they did fantastic job! that’s how they completed footing at teak and started footing at amber also besides the work in progress in other blocks.
    3) Important is footing and huge man power is in place, that’s how they could do so much work. I also heard that they are going to start the club house work from next week, very impressive, I am sure they will complete well before by schedule.
    4) It is not correct that agreement does not have completion date; it is very much clear dec 2014 in my agreement. Regarding pre EMI, they have given me undertaking.
    As per my knowledge ginzer is construction company doing construction for various companies, they never launched any project by themselves. So question of booking with ginzer and all that may not arise. They are not into retail; it is purely Construction Company it seems.
    So guys, it is very impressive work by them, I suggest everyone should visit the site once in a month atleast and as such company people are sending cars to go to site at free of cost who ever booked and feel it by themselves and get satisfied.

    • hi, i also booked in amber block and i visited on 1st may and i feel satisfaction from construction work is going in good speed and i hope they will complete the project as per their commitment and with all amenities on schedule time, and finally we can’t comment badly on this project and on company without any wrong happen.

      • Hi all,
        I also invested at Greens… lot of doubts /.. did they complete on time /
        did they take money and switch off the office :)
        can you give your confidence .. how do u think its worth & good to invest.

      • Hi Dharmendra ..
        how is the flat ? how confident u r at the Appartment or the project ?

    • Hello Mr. Ram,

      i am considering investment in the Greens Project. Would like to have a word with you. Could you pls provide me you number.

      regards
      Narendra Arora
      +91 98670 21953

    • Hi Ramkumar

      Thanx for your feedback.I have just paid the booking amt and have visit the site.Was confused and worried if I shld go ahead.Your clarification has helped me take a decision.BTW I hVE BOOKED IN Pine

  19. Hai
    1. Kindly check where the Teak Block is going to come actually and check its actual position at site.
    2.What is the progress of construction for the last two weeks ?
    3.It is a huge project and they promised it will be completed by Dec2014. Is there any machinery & man power for building such a huge project available at site?
    4.Some persons got the Agreement copies which does not have a single word about “Completion date” and “No pre-EMI”
    Some responsible persons from Indya Estates kindly clarify
    1.Ginger Infrastructure & Indya Estates are same company and on phone to Ginger Infrastructure they say that Greens is their project. Being Ginger infrastructure decade old company what are their completed projects?
    2.What is the need to start new entity Indya Estates & Sanchaya Land and Estates PVT. LTD. Is it for non of the old customers of Ginzer can ask money from new entity?
    3.If any body booked the flats with Ginzer, whether they got the flat or their money?
    4. Are you want to join with the customers who booked flat in Ginzer?

  20. Hello friends, i had booked the flat 2bhk in pine block on march 23rd 2013. but still i didn’t received the allotment letter.

    please let me know any one got the same.

    • I have got it about 3 days back and they have also called me for sale agreement..

    • here i got the allotment letter and also i m getting the call from indya estates regarding agreement for finance purpose so no any dought on any thing.
      please do’nt worry you will get or y can contact to office

  21. I invested 20 years of my savings. please suggest is it worth or …………?

  22. Guys,yesterday I visited the site,looks good everything on site,I feel like going ahead.but I am not able to get bigger size flats in double bedroom north or east specifically.if anyone cancels please let me know.

  23. OK Kindly clarify whether Ginzer Infrastructure & Indya Estates & Orange properties are same? (Basically what is their credintials/past records?)
    Clarify the projects completed by Ginzer Infrastructure?
    Whether Indya estates can complete the Project? without any past experience and responsible persons with past experience?
    Valmark can fund but whose technical ability will go into building?
    (How many funds given return to their investors properly?)
    At last If project is completed it will be good for all
    If its not?
    What is the risk reward ratio?
    Are you ready to take the risk?

    These are just questions from my mind.
    If anybody knows the answer you are most welcome please.

    • Hi CommonManBe,
      I have booked flat no 604,I will give my opinion on ur query,please correct me if I am wrong.As such we are investing 3 lakhs, to that extent they have completed the work at the site and they are about to raise another demand for addl works what they have executed.
      And I had received letter from them that have started works at other blocks also (ie) Teak and Amber,they mentioned in the letter that they will send the car anytime I require to see the developments at the site,that is very convening.Today which builder offers to send car after booking is done?
      So that means they know that they are new in the market and need to establish the confidence in the public for which they are doing this exercise.I am happy to this kind of communication from them and that sounds they are serious about their commitment.
      Any way I am planning to visit the site on this Sunday,I will make more appropriate comment after that.
      And I don’t see any risk as they are not asking money with out doing construction.it is not they are doing bhoomi pooja and demanding 25%,they completed the work of 20%and then launched the project,so I don’t see any risk.
      Yes ,they are new,that is the reason we had chance to get at that price of rs 1875/sft,now they have increased the price .
      So as far as my calculation it is zero risk,our banks will pay them after they are satisfied of completion as per the slabs any case.
      I think we all should encourage this kind of builders.
      If we look at only established builders ,then we have to pay big price,it is not that small builders do not survive.
      But any ways as I see no risk involved,but never the less,it is better we all visit the site periodically,so we will have satisfaction and also can understand if any problem is there.
      As far as valmark concern,they can not become responsible any ways,but due to their funding ,irrespective of customer bookings,the project will not suffer.if there is no potential why would they invest.
      Any ways I will update you on monday or tuesday once I visit the site and come back.

      • Hai
        1. Kindly check where the Teak Block is going to come actually and check its actual position at site.
        2.What is the progress of construction for the last two weeks ?
        3.It is a huge project and they promised it will be completed by Dec2014. Is there any machinery & man power for building such a huge project available at site?
        4.Some persons got the Agreement copies which does not have a single word about “Completion date” and “No pre-EMI”
        Some responsible persons from Indya Estates kindly clarify
        1.Ginger Infrastructure & Indya Estates are same company and on phone to Ginger Infrastructure they say that Greens is thier project. Being Ginger infrastructure decade old company what are their completed projects?
        2.What is the need to start new entity Indya Estates & Sanchaya Land and Estates PVT. LTD

  24. hi… so from which bank we should take loan..? can you suggest pls?

  25. Visited the website of ginzerinfrastructure.com. It shows many projects lunched. But no details of these projects are available on the website. On clicking the link only a photograph appears.
    Can you please provide the uptodate status(Construction progress status) of projects Lunched by Ginzer iinfrastructure. I live away from bangalore & is not possible to visit some of the projects previously lunched by giinzer to ascertain the credibility
    Further why Indya estates is demanding payment in the name of Sanchaya Land and Estates PVT. LTD. Will you please throw some light on the status of Sanchaya Land and Estates pvt. ltd. because if any untoward happen to whome will we search because we are not making any paymant to Indya Estates or Ginzer Infrastructure (I do not intend to blame any company.It is my general query & every body should have the full detals of the company or person to whome he or she is making any payment.)
    I am interested in booking 3 BHK unit ,but mmust know these details before commiting my hhard earned money

    • hi… Banks like LIC,ICICI, DHFL AND FIRST BLUE are giving loan for this property…. So is there any dobt regarding the legal requirements of project ?

    • Dear Sir,
      I have booked a flat in Maple, I too had the same doubts, Why pay sanchaya, Also when they sent me the sale execution , they miss quoted my name & said I am daughter of My father & going the record sent & sms between me & marketing guys it should have been son. I still not got a reply on the loan conversion from paying 20% & 80% , if any one has taken loan for the same balance amount ? how would anyone go about this plz explain. I paid 3L now the guy asking me to execute the sale agreement. Who should go for approval of the Bank loan buyer or Builder??. what is the role of Buyer after the 3L paid for booking ? Should I pay for the installament as a progressive construction cost or the builder pay for construction?
      Regards

      • After the initial booking amount… the buyer need to pay the remaining 20% of the flat cost on or before the execution of sale agreement. Meanwhile the buyer can approach the bank and get the loan sanctioned and the builder will pay the EMI on behalf of the buyer to the bank until possession. The bank will disburse the funds to the builder based on the construction progress.

  26. This looks really tempting.. cheap price, growing area, but the developer is completely new and has no experience. this is pure gambling i would say if i have to put my money on this.
    I have a question though… if i book this by paying 3 lacs as down payment and want to sell immediately after the possession, will the builder buy it back or we have to wait for prospective buyers to buy it..
    I believe there are projects where in you can sell your property to the builder itself at the ongoing rate…
    Did anybody check this info with the builder ?

  27. Hai
    I serched for Orange properties & Ginzer(Z not G) Infrastructures.
    From the internet I feel nothing materialized so far
    Now India Estates is from same people of Ginzer Properties
    There is always more chance that they may not finish the project
    Regarding “No Pre EMI” I feel if they didnot start the construction at all what will happen to our booking amounts?
    Any constructed properties of Ginzer Infrastructure so far even though it is there for long?
    Kindly check before taking any decisions

    • Hi mr ganeshan,
      I also did my due diligence,as such work is done in a big way for 10 towers,they completed 500 pillars and they would be going for plinth beam by end of this month.I am an engineer my self,so risk of our 3 lacs is not in risk as per my assessment as per the work done at site.
      And more importantly they have back up by valmark reality fund,as such valmark itself worth of few 1000crs ,they are people who developed manyata tech park,they have quite a few projects in bannerghatta completed and also at near manyata tech park. Valmark is partners with all big developers in market with their huge land bank.
      Indya estates as such are holding land ,and have all approvals in place,it is not a joke some one to launch a project of this size ,it is huge investment.
      Now a days we see all developers do pre launch,in this case they did not so,they launched well after approvals and commencement of work.In fact I have booked one flat,and I really recommend this to every one,it is a good opportunity for investment.

      • Thanks Venkatesan for your update and making us bit relax.

        As I have also invested the money in this project and was little dicy from last few days based on above comments.

        AFAIK, all the legal papers are under the name of Sanchaya land and estates pvt ltd. and most of the property they have acquired from farmers after checking the legal.

        One more thing like have you inspected the quality of material they are using and the ratio for making the pillars?

        Please share your thoughts on this.

        • OK Kindly clarify whether Ginzer Infrastructure & Indya Estates & Orange properties are same? (Basically what is their credintials/past records?)
          Clarify the projects completed by Ginzer Infrastructure?
          Whether Indya estates can complete the Project? without any past experience and responsible persons with past experience?
          Valmark can fund but whose technical ability will go into building?
          (How many funds given return to their investors properly?)
          At last If project is completed it will be good for all
          If its not?
          What is the risk reward ratio?
          Are you ready to take the risk?

          These are just questions from my mind.
          If anybody knows the answer you are most welcome please.

  28. i have visited the site. work progress is in full swing..rarely v see builders who commences works fast and launch and its very impressive, if they go with the same phase they will complete by dec 2014.
    Anyway the interest pressure is on builders as he is bearing pre EMI he will complete the project soon

  29. The only reason I’m posting (since most of my posts get censored) is that several middle-class people would be putting their hard-earned money in this project (attracted by the marketing gimmicks and the price).

    Did any of you do any research on the background of the management – they were the same management behind another vanishing company called Ginzer Infrastructure, prior to that another shell company called Synergy One. There is some clues in the common projects of Synergy One and Ginzer.

    The only concrete project of this vanishing management is something called Woodsville, a villa project whose buyers still haven’t received anything for their money. The shell company – Synergy One was bought by another company called Citrus. No one knows the current fate of any of these projects. In between, Synergy One (and the next avatar of the shell company) had tied up with NSB builders.

    If you still want to put your hard-earned money, please go ahead but you’ve been warned.

    I wouldn’t have posted this, if this was another luxury project with 1C+ houses. The only reason I’m posting this background data is because all the people attracted by this pricing will be ordinary people who’ll put in their life savings expecting something and may get nothing.

  30. The ‘Zero EMI’ scheme is something where the buyer is not required to pay the monthly installments once the property loan has been sanctioned. Here the builder pays the EMIs by issuing post-dated cheques for a pre-decided tenure. This period may last from a year to 30 months till possession. The interesting part is that the developer pays just the interest of your EMI and the principal amount is deducted from the buyer.

    How Zero EMI scheme works?

    When a residential project starts, the developer ties up with the banks or other financial institutions to get the home loans sanctioned for purchase of properties in that particular project. The following conditions apply on the sanctioning of housing loans:

    The amount sanctioned for the loan should be released in the form of construction-based installments that are decided by the developer’s demand.

    A repayment holiday is given to pay back the principal amount for the fixed tenure or till the possession date (as mentioned by the builder), whichever is earlier.

    During the construction phase, the interest on the loan outstanding has to be paid by the developer on a monthly basis till the possession is given to the buyer.

    Types of EMI Schemes

    When EMI is paid by the builder for the pre-decided period on the buyer’s behalf it is called full EMI sharing.

    When the builder pays a part of the buyer’s EMI it is called partial sharing. Here the EMIs (comprising principal and interest part in a tapering form) are deducted from the buyer’s account.

    When the EMIs are directly taken from the builder, it is called a subvention scheme. However, this type is rarely found at present.

    Advantages of ‘Zero EMI scheme’ for

    Banks: The bank gets a pool of customers from a single residential project. The developer keeps referring customers in bulk and the bank approves the loans at the earliest. This also proves cost-efficient for the bank.

    Developers: The developer utilizes the funds required for construction at an interest rate on home loan that is far cheaper than the commercial interest rate.

    End-User/ Consumer: The buyer does not have the burden of paying EMIs during the construction stage. The buyer also earns an appreciation in the property value over the construction period without the financial burden until the project completion. The customer is also benefited as the builder ensures a timely delivery of the project to decrease the interest rate burden on him.

    Points to Remember!

    Basically, it’s the end user or buyer who is lent the money from the bank. The bank has no concern with EMI sharing scheme, it just finances your home loan on the basis of the cost of your flat. The bank charges EMI from the buyer’s account always. However, under the subvention scheme the banks deduct the EMIs from the builder’s account (though this is a rare scene). Even in such cases, the probability is that the builder will just pay the interest and not the principal.

    Whenever you find a builder promoting a property claiming ‘No EMI till Possession’, you should clarify whether in such a scheme the builder would pay a part of the EMI or only the interest part. Generally, the EMIs are calculated by the builders on the basis of the prevailing interest rates so any future increase/ decrease in the interest rate need to be paid by the buyer. In such a scenario, the buyer ends up paying higher EMIs on getting the possession of the property. It is then that the buyer realizes that had he taken a flat without this alluring scheme, his EMIs would have been lower.

    You should also remember that to avail an EMI scheme, you should have higher loan eligibility.

    ******************************************************************************************888

    I have confirmed that builder will pay interest of your EMI and the principal amount ..anyway please double check..

    • I would like tocorrect the mistake in my previous post..

      till the Possession.. Builder will pay the pre emi ..But not sure that directly to the bank or your saving account then you have to pay to the bank..

      I have enquired the bank they said builder will pay to you then you have to pay back to bank..

      please suggest..

      • I am planning to buy this flat through cash at the time of possession, not through bank loan, so would i need to pay pre EMI…please suggest…….i am planning to have all these cleared by meeting them over this week end….if some know this already..please suggest…did any one get any discount while booking less than 1875/-…..

        • I have checked this thing from marketing guys, they were telling that in case you are not taking the loan then you need to make the payment based on construction linked plan. No pre EMI option in this case.

          • even I am thinking to go without bank loan. Since in this case builder would not have to pay pre-EMI interest on behalf of buyers, would the builder pass this benefit to buyers in form of discounts. Anybody got this kind of discount worked out with builder.

            • off corse in case of self funding indya estates will give u discount of rs 100000 out right from total cost of appartment

  31. Hello,

    I am interested in the project, and we booked a cab today from the pick and drop facility that the Indya estates owners are providing for their prospective customers. The cab arrived on time to pick us up, it was an age old Indica which was definitely not cleaned for at least the last few months. The tyres were wobbling as the driver indicated it was flat the previous day and he had to change it to a stephny that was of a different size! We had to travel from Basavangudi to Anekal city (almost 40Kms). We opted to not to travel by it after covering around 2 kms and called for another cab from the same agency. We waited for around 40 mins, the cab did not turn up and we changed our plans of visiting the site today as it would take much longer and our day would get wasted.

    Would request the concerned person to check the facilities provided downstream to their customers so that they are not loosing out on them and retain their hard earned goodwill!

    Regards,
    Dimple

    • thanks for the valuable inputs, it helped me a lot

      • Thanx for highlighting about the service provided by cab provider pl call our call center and ask for subhasish,assuring u wl arrange a good cab for site visit

        Thanks

        subhasish

  32. How would the builder benefited when we are asked to pay only 3,00,000/- and nothing untill possession….the interest for 3L for builder is way behind the appreciation of property in next two years…why is builder loosing appreciation of property…is there some thing fishy here….please suggest……..

  33. do we need to pay 20% of total amount for sale agreemnt??? (3BHK)

  34. Friends,
    Executives most of them just marketing, not havng good knowledge of project.
    there were more than 20 workers jst cleaning the entrance area, event organizers running around lots of them, reason unknown why SBI did nt fund the project. mango juice for all more than one.
    i donno y they putting up show like this.

    1) 22.2kms from Ajmera , where i stay.
    This tops the chart and around 20kms from office is a big demerit for me even if rates were even lesser!

    2) This is purely a great great Long term investment (means first time investors better not go for this as they need to wait for around >3-4 years till shops and amenities to come up! ie rate of appreciation mite not be as pacy as in ecity ).
    Purely my opinion ….

    2) Metro phase 3 , Satelite link road and IIm campus have been sanctioned stage, it will take around 5 years worst case to come up..!

    3) The plans for 2BHks and 3 Bhks are very congested and small( normally a preferred 2Bhk is around 800-1200 sqft..and 3 bhk would be good if its around 1400-1600+
    But here it starts from 690sqft(2rooms-1commonbathToliet) to 870sqft or so…Congested because in living not more than 3 ppl can sit and tv unit wall would be jst around 2 mts reach frm sofa .
    3Bhks hall is just ok[1202sqft], but all 3 rooms are in a line like a hostel .
    What i felt is: purely rental purpose only and not fr settling with family, and plz be aware that rental rates now are very very less there and expected to increase aftr devlopmnt f area only.

    fyi, Biocon nt at all a problem coz site is 10km further away from BIOCON!
    rates are till 24th midnite, launch offer of 1875 for 2Bhks and 1975 for 3Bhks,
    ie roughly
    12 lakh for 690sqft2Bhk
    21 lakh for 890sqft2Bhk
    26-28 lakh for 3Bhk
    NOM, plz correct me if i am wrong anywhere in my understanding :)

  35. The following are the growth activities in Chandapur Anekal belt, currently happening or announced:

    Under construction 275 acres Allianz Eldorado Park on Anekal Jigani Road with 1100 villas plus 200 row houses, 500 apartments, 18 hole golf course, 4 screen Multiplex, 5 star hotel with 150 rooms

    Allianz Shopping Mall on Anekal Jigani Road – proposed – inside Allianz Eldorado Park – with 1,75,000 sq.ft leasable area

    PES engineering college, Oxford Institutions – both on Hosur Road, will be about less than 15 kms.

    This Chandapura Anekal road from Chandapura Circle (C-Circle) till Anekal – which is about 14 kms long is being widened into a huge massive 300 ft road and work is under progress now at this moment.

    Phase II of Bangalore Metro to be done from 2015 to 2020 has already got Chandapura circle included in the rail network proposed and is expected that Anekal will be included in Phase III.

    The above all I read in some blog..

  36. Please suggest ..if we invest 26 lacs(1118 build up area -1975 per sqr feet + carparking+ sports zone + water & Electricity charges) in 3 bhk now..at the time of possession ( dec 2014 -21 months later) can we sell this property 32 lacs(1118 build up area -min 2500 per sqr feet + car parkind ..etc)

    since lots of development are happening over these area…peripeheral ring road,,now also good roads ..you can drive 80 km speed from silk board to this site….30 min -45 min..road condition is awesome..

    Please share your thoughts..

    thanks

  37. Quick facts after the visit:
    1. 23 KM from Infosys ecity.
    2. 2 Entrance on main road
    3. Lot of rush today, no place to even sit
    4. Executive told they made 70+ bookings yesterday
    5. All 1278 apt open for booking (2&3BHK)
    6. 20:80 scheme for all apt.
    7. Possession Dec 2014
    8. Project looks gr8 on paper
    9. Floor rise charge 10/- per sqft
    10. No prime location charge
    11. 1L for Covered car park.
    12. 50K for Soprts center.
    13. 50K for other (Bescom etc.)
    14. 20:80 scheme sounds great.

    Concerns:
    1. 1st project by the builder
    2. Size of project is big hence more risk
    3. Very Odd shape of land
    4. Lot of land left for open car park, looks fishy. Might get used for construction later.
    5. Lot of amenities promised, how many will be made finally is a question?
    6. What is the credibility of the builder. Specially 4 full page ad in TOI and 3 MLA and 2 actors called for inauguration make it sound like a scam with lot of backing ;-)

    Guys please pour in your responses…

    • I did a search about Valmark and was surprised that they have some good projects specially Manyata tech park (in joint venture with Unitech etc) and also joint venture with Brigade. Check this
      http://www.valmark.in
      Any one booked till now?

  38. what is awesome ? price ? floor plans? amenities ? space utilization ? SBA to Carpet area ratio ? they have not released 3 BHKs as yet for sale too

    • not sure on any of these but they are selling 3BHK’s too

    • None of Sales executives, have the project details, dnt know the UDS of land and guidance value, no idea about specifications, no one is sending the floor plans. should think before booking…

  39. Any idea about “Valmark Realty Fund” – a search on google does not yield much

  40. Guys,
    I am not located in India. I have some idle money to park somewhere.
    Is this a good option?
    Where is exactly located?
    When is the completion date?
    Is it after Janaadhar shubha apartment complex or before that if you are coming from attibele?
    Price Rs1875 is it worth investing in here?

    Any of your inputs on these regards would be really helpful.

    Nandu

  41. Lot of money spent on advertisement in one day and in one
    single paper. This again will be added to the burden of
    flat buyer.

  42. Film actors and politicians inaugurating this looks like a sham..just hoopla to get first bookings…
    Apni akal lagao, dikhawe pe mat jao

  43. has anybody visited the site?
    what are the chances of metro going up to this location? if yes, by when?
    how much time does it take by road to electronic city?

  44. Anybody visited the project site ? what is your feedback ? offer lloks very tempting but need to check fineprint !!!

    • really awesome….i visted this, Film Actor Sudeep & Ramya inaugarated this

      • Ravi, any other info you got like what is the total plot area and how many apt. in all phases they are planing to build. And their previous projects. And do they have this 3L scheme for other flat size as well or only for the smallest flat
        Anyways Actor Sudeep & Ramya will not be staying their so it does not matters much if they inaugarated this

      • i went there today today project seems ok but very inside …from attible junction 8-10 kms inside and probably 22-25 kms from infosys/EC

        • I have been there and the project is almost 25km from EC2. The project looks good and tempting.. with 3L offer. But didn’t find any good project near by. comparetively Chandapura-Anekal road has more scope and projects running already.

          As far as builder is concerned, this is there first project in bangalore, so no sure about there genunity.. but they are adding Valmark with them..

          Does anybody see any appreciation in next 2-3 years there?

          • Hi Ritesh,

            what is the role of Indiabulls in this project?

          • Hi, Ritesh
            Visited the website of ginzerinfrastructure.com. It shows many projects lunched. But no details of these projects are available on the website. On clicking the link only a photograph appears.
            Can you please provide the uptodate status(Construction progress status) of projects Lunched by Ginzer iinfrastructure. I live away from bangalore & is not possible to visit some of the projects previously lunched by giinzer to ascertain the credibility

          • Further why Indya estates is demanding payment in the name of Sanchaya Land and Estates PVT. LTD. Will you please throw some light on the status of Sanchaya Land and Estates pvt. ltd. because if any untoward happen to whome will we search because we are not making any paymant to Indya Estates or Ginzer Infrastructure (I do not intend to blame any company.It is my general query & every body should have the full detals of the company or person to whome he or she is making any payment.)
            I am interested in booking 3 BHK unit ,but mmust know these details before commiting my hhard earned money

      • What is really awesome? Is it the film actors or location?

        • I visited the site today and here’s what I experienced:
          As I entered the site which is 23 km from E.city I found lot of beautiful (dumb) girls which had no clue about the width of main road or kind of parking that is available in project.
          I met an executive who failed to tell what would be the cancellation charges if I book and cancel after a few days. This looks good option to invest for only those who have “extra” money as the builders are rookies and project is not funded/approved by SBI. In short its a risky investment for 1st time buyers.

          Model Flats are small, with a very small bathroom & Kitchen but at that price you can’t expect more. Executive failed to tell the size of model flat (shocking), he just said actual flat would be “somewhat similar to this”. Also builder has no completed project to give you an idea but this can be a plus point too, they may want to deliver the best as its their first project (they have started one more-Shahkarnagar)

          PROS:
          1) Damn Cheap
          2) Growing area (lot of new projects already present on that road)
          3) Amenities (10 on 10 for the kind of amenities they have planned to give)
          4) Close to Attibele Industrial area
          5) B.coz of point 4 u may get tenants to give it on rent.

          CONS:
          1) Builder is new
          2) Project not approved by SBI or HDFC bank
          3) No chance of Metro, as its 10 km inside from Hosur Road (NH7)
          4) 25 km from any E.city office
          5) Too far from Airport (min 70 km I think)

          I am damn confused can anyone suggest me something…. I actually want to buy a house where I can live but those are out of my budget, this one is cheap but I can’t live here (my office is in whitefield)

          • I visited the site today.
            My experience with the executives is little better!
            The model flats were of 1202sq ft(3bed) and 750 sq ft (2bed).
            Additionally, I was told that IIM is going to start a new campus very close to their project!
            It’s 8kms from Anekal circle. And Anekal circle seems developed enough for routine household requirements, banks, ATMs, etc! Plus if the project is able to provide all the amenities in plan, the dependence on outside sources would be limited!
            Saw a lot of local buyers…. !!
            Was told that as against the expectation and strategy to sell the 2bhk, they have ended up selling almost all 3 bed flats ESP 1202 sq ft!!

            And….one executive told that a single buyer has booked over 400 flats!!

            My dilemma is the same….should we or not?? Offer till Sunday only!!

            So kindly share yr feed backs to make our decision easy!!

            • I have visited the site and I have seen the model flat as well as the floor plan. I blocked the 3BHK by giving some amount.

              I was surprised with one thing that There is no fix amount for the blocking the flat.

              Can any body have any details about the developer and their experience.
              As their executive told that they have started this as new project but they have experience in the construction field.

              But they have not provided any more details for the work experience in the construction field.

              People given the blocking amount through cash or check in favor of Sanchaya Land and Estates PVT. LTD.

              I don’t see any more details about the Sanchaya Land and Estates PVT. LTD.
              If anybody have details so please provide us to take the proper decision.

              • Even i have booked a flat with them 2bhk(890 sq feet). Looks as a decent opportunity.I had also inquired about the land from some local people out there and they had told that the land has been bought by the builder from the farmers(600-700sqft).

                Moreover the offer holds good even for today as seeing the response they have announced the launch of Phase 2(3 bhk), possession my march -2015.

                • Do you think that this project will really kick-off. The builder is new with NO exp at all and are riding on the names of the super stars and venture funding and without no ground experience.

                  Hope this will not be another Megacity of the past which was inaugurated by Big B and Aishwarya Rai then…. Today this project is mocked by calling it “Dhaga City”

                  Guys pls someone throw some light on the authenticity of this project.

                  Vciks

              • I have booked the 3 BHK..

                Please let me know that apart from 3 lacs booking amount ..do we need to pay 20% of total amount for sale agreement from the builder ..I heard from the bank..once they get Sale agreement then only they can process the loan process…

                Thanks!

                • The builders say that we have to pay just 3 lakhs but actually we need to pay 3 lakhs + the registration amout i suppose.Anyways its going to cost around 20 % of the total amount which in my case would be ariound 4 lakhs considering a 2 bhk that i purchased.

                  Moreover i contacted them today and they say that the offer will be valid till this coming Sunday.
                  How much did a 3 bhk cost u ?

                • Hello MPP,
                  For the 3 BHK, we need to pay the 20% of the total price approximate (5.75 Lacs). Then the rest amount will be payed by the Bank.
                  And also they told the interest rate till the time of prosession will be paid by the developer only.

                  Please provide more details if you have. I got the call from the Agent from the INDYA ESTATES and saying that they are busy and contacting with us after 2 days.

              • Hello AP,

                What is the SBA in 3 BHK?
                Initially they published SBA is 1206 Sqft, later they changed to 1245 sqft without increasing any measurements in the rooms?
                Did anybody notice this fact?

              • Hi all,

                After seeing the advertisement on today’s (02/14/2014) Hindu, I googled to read some reviews and landed on this page.

                All your comments were extremely helpful.

                If you want to do some background checks about a company, there is this website ,https://www.zauba.com/companysearchresults/Valmark, I think this will be useful

                I think Valmark Realty Fund that Greens have mentioned is a different company and their website is valmarkfund.com, not valmark.in

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