Brigade LakeFront @ Whitefield
BRIGADE LAKEFRONT is a new apartment project from the Brigade group located at Whitefield, Bangalore. The project is planned on 15.5 acres with 812 apartments across 2 wings on a Basement+ Ground + 12 floor structure.
Brigade is currently asking for expression of interest for the project. Please read all terms and condition in the registration form.
You can fill the registration form and handover the same to an agent representative.
Brigade Lakefront-Registration Form
Brigade Lake Front Options
BRIGADE LAKEFRONT comprises a combination of 2, 3 & 4 bedroom apartments measuring 1326 sft to 3000 sft
Brigade Lake Front Location
Near SAP Labs, Seetharampalya Road (Road next to Indian Oil Petrol Pump)
Key distances in kms:
o MG Road – 12 kms
o Phoenix Market City- 2 Kms
o Byappanahalli Metro Station- 7 kms
View Brigade Lakefront in a larger map
Brigade Lake Front Price
Price in the range of approximately 56 Lakhs to 1.25 Cr (basic cost, exclusive of Car Park , club fee and all additional governmental levies).
The project is at its pre-launch stage and awaiting plan sanction and approvals. Brigade proposes to launch by Sep 2012. You may register your interest in BRIGADE LAKEFRONT with with a financial commitment of Rs. 5 lakhs only (2 BHK), 10 lacs (3 BHK). This deposit will accrue interest @ 9.25 % pa upto launch date. Read terms and conditions in the registration form.
Brigade Lake Front Concerns
- Be the first to share
Brigade Lake Front Investment Plus Points
- Walkable distance to offices in the EPIP zone
- Access to malls in a 5 km range. Inorbit Mall, Park Square, Phoenix Market City, Hypercity etc
- Walkable distance to proposed metro station near Graphite India in phase 2
- Brigade brand advantage
Heard the price increased by 50/- to 5790/- psqft. Can anyone confirm?
Rs 50 hike hardly makes any difference at this rate.
one will discover the real price if one tries to do second sale
Hi Folks. Any update on this property? In my honest opinion, I think the only real concern for this property is the relatively high price & proximity to Graphite India. Apart from that, I feel a lot of the points quoted in the discussion are not very relavant.
Since the form dosen’t seem very active now, here is my view on Brigade Lakefront:
1. Location is excellent. It is within walkable distance from proposed metro station & the closest possible location to Brookfields that can boast this. Within 2 Kms of Inorbit Mall, Park Square Mall, Phoenix Market City, Forum @ Shantiniketan (Under Construction), Cosmos Mall & the “high streets” of Brookfields area. Within 5 kms, Hospitals like Vydehi, Brookfields hospital, Teleradeology, Yashomati, Narayana Hridalaya etc. Also, since its in EPIP area, all offices are also near by.
2. Plot area & Master Plan is very good with approx 20 Acres. This is better than Prestige, Sobha & Mantri developments coming up near Hope Farm junction. Those projects have compromises like half Basketball court, no tennis courts etc. I don’t know the exact breakup, but looking at Google Maps, the plot area seems to be on par with Brigade Metropolis Residential area. The plot area will also have multiple entry/exit points from East & West and is located on the main road without having to worry that Metro may acquire the land in future.
3. Floor Plans are relatively ok. Floor plans are superior to Brigade Metropolis (BM were totally pathetic). Although the effeciency is only 68 – 70% which is lower than Shantiniketan. However, the bedroom sizes are good without compromising on the Living Room / Dining area. Having said this, the effeciency is 68% even for all the new developments by Prestige, Sobha & Mantri near the Hope Farm Junction. Only Shantiniketan has a higher effeciency.
4. Brigade Brand. One thing is guaranteed with Brigade, is that the brand carries some weightage & you can expect quality fitting, tiles, construction & landscaping.
5. The clubhouse is 30000+ Sqft. This is as big as Shantiniketan I think. Could be wrong.
6. Brigade is also developing the lake. Although don’t make the purchase decision based on this fact alone.
The Negatives are:
1. Graphite India is getting reopened. I read this in a news article. I was hoping that it would be moved out permanantely. This is definitely a cause for concern in the short term.
2. Carpet Area is not as good as it should have been ie only 68%. If it would have been 75% I think people wouldnt have any concern. Having said this, the effeciency is 68% even for all the new developments by Prestige, Sobha & Mantri near the Hope Farm Junction. Only Shantiniketan has a higher effeciency. Unfortunately, this appears to be the new standard.
3. The prices seem to be a bit high. If you combine PSFT rate + Car Park + Floor Rise + Premium Facing Charge + Club House fee, the prices definitely seem high. This is a deterrant, but if it was not high, I think the project would have been a steal & Brigade knows this. Which is why they want to price it high & make an extra buck.
Comparisions with other projects:
Shantiniketan: Although PSN is definitely better than BLF in a lot of ways like Large area, Open Space, Floor Plans etc, it has a major shortcoming. The Railway Track. This causes so much disturbance, that most of the project is not livable. Atleast not for me. I know because I own a 1418sqft 2 Bedroom in Block 1 & also stay there. In spite of this being the farthest from the railway track, the train honking is still audible, but not a major problem. I can’t imagin the state of 3, 3.5 & 4 Bedroom towers that are next to the railway track.
Sobha Habitech & Prestige Park View @ Hopefarm: Both these projects are further down the road beyond ITPL, so they are further from the EPIP area. Both these projects have very little open space compared to Brigade Lakefront & also lack the outdoor sports facilities available at Brigade Lakefront. Both these projects also provide only 68-70% effeciency which is the same as Lakefront.
Brigade Metropolis: The floor plans here are totally not up to my taste & for that reason alone, I would never buy into this property. This was the primary reason why I took a 2 bedroom flat at Shantiniketan. Even though there would be a metro station right opposite to Metropolis.
Raghu, whats your agency name or you are on behalf of brigade for marketing. This forum is not for selling/ marketing the property of brigade.
@Shama
Wow. What a mature comment. I am especially impressed with the time you have taken to read, analyze & then give counter arguments to support or deny any claims I have made in my initial analysis. Such comments really add value to discussions & help people get an accurate picture of ground reality. Readers really appreciate your efforts. You should be proud.
@Raghu : well said. Deaf ears to Shama.
The mosquitos complained about in this forum receives more respect than these retarded comments.
Hi Raghu
There are good and bad elements anywhere..your detailed analysis would have served its purpose to the majority while some bad elements chose to respond negatively..just let it go.its their loss..
seems like Mr.Shama is hell bent upon calling this project as worthless since the prelaunch offer by brigade was way above his expectation. can understand what he has gone thru after showing the EOI last year and blocking his cash for this long. But saying this as worthless project by all means is not fair. I wonder if the prelaunce was < 4500psft what his reaction would be… 🙂
it is the marketing guys who take you for a ride during the EOI and verbally promise, make you believe and you expect that it would be in some range. But when brigade launches they do their homework and launch targeting a particular segment. Yes, that is what tier-1 builders are doing, targeting a particular segment.
My personal take on this project, yes the price is high, the brand, location and a gated community of 20 acres comes at a premium. Apart from this I dont see any major issues. even when PSN and BM would have been started all such issues like being next to gas factory/ railway line/Graveyard/pollution would have been discussed and the price seems to be too high at that time and many would have dropped the project. But today it is a decent community to live in and the same would be BLF in future.
I am personally looking for a gated community to live in, if this fits my budget I would go for it. If not I would try BGT or some thing similar which suits my budget.
@Raghu, thanks for sharing your detailed views here…. it has been helpful. BTW, on the –ve side, I see the maintenance cost of Rs4psft per month being too high? how much is it for BM or PSN currently ?
Hi,
The maintenance @ Rs 4 psft is definitely high. I would have expected somewhere around Rs 3 psft. Does this include Corpus Funds? Also, could be that they are forcasting the maintenance costs after 3 years, once construction is completed.
I don’t know about BM, but at PSN, I am paying Rs 9556 total for 3 months (Quarterly) for 1418sqft 2bhk. This comes to around Rs2.25psft. Having said this, I wouldn’t classify the community as the best maintained in the world.
Although I don’t have any issues with the cleanliness part, but recently I had all 4 wheelcaps on my car stolen overnight & according to Ford, each costs Rs2000 meaning a hit of Rs 8000. After complaining to the security head, he just bluntly said, we only have 2 guards per block soooo… you get the idea where the argument went. Anyways, the result of this argument is that now, every basment enterance has a notice board “Parking at Owner’s Risk”. This is totally rubbish. Why is there a risk clause in my own house??? Their guess is that there could be some car drivers that hang around in the basement & would have picked up the wheel caps at the best opportunity. They can easily dump it in their owners car boots & drive out without the security suspecting anything.
This is why I would say that instead of facing such issues, I would rather spend @3 – 3.25psft & get security cameras etc installed which would be better value. They can even transmit the security camera feeds to individual homes also, so you can monitor the premisis from your home TV itself. That would be nice to have.
However, I agree with you, still Rs4psft is definitely high.
On a totally different note.
Why is maintenance fees charged on a per sq ft basis?None of the maintenance charges goes towards any expense for any individual house.It is used for maintaining common areas like swimming pool,common area housekeeping,security,lift and common area lighting etc.So the total expense+ contingency funds should be divided by number of apartments and should be equal.Say there are two types of apartments 1000 sq ft and 1500 sq ft.can the 1500 sq ft owner say..i pay more maintenance fees..so I can use more area of swimming pool than the 1000 sq ft guy?or will the 1500 sq ft guy get more security coverage than the 1000 sq ft guy? no right? if everyone has equal rights over common area,the maintenance cost too should be equal.
I stayed at Purva..there maintenance was on sq ft basis.My current apartment has equal cost irrespective of the size of your apartment.
Hi Rajesh,
You are partially correct. The assumption is that people staying in a larger flat usually are more in number. For example, its more likely that there is a nuclear family staying at a 2BHK, but it is unfair to assume a nuclear family staying at a 4BHK or a 5000sqft Penthouse. So, since there are more people staying, the consumption of the common resources will also be higher. More people using the Pool, Gym, Sports facilities etc. The major component of Maintenance these days is Water. So, a larger family is assumed to consume more & expected to pay proportionately. Similarly, the diesel consumed by the generator will also be more for a larger flat as it will have larger consumption capacity.
I would actually believe that the maintenance should be a combination of a fixed amount & a variable amount which a lot of appartment complexes actually have. If its only a fixed amount, the largeest flats will benefit the most. If its only a variable amount (@psft) then the smallest flats will benefit the most. The ideal would be a combination of both.
Was going through the posts on the site – the number of people buying their 2nd, 3rd or 4th apartments is scary.
Hi Raghu
I like to talk to you on some point of BLF, as I have recently purchased . May I get you contact info .
Thanks
Wow , what a mature reply to the highly immature comment of Shama . Raghu , I appreciate your patience and intelligence . BTW I am rohit and live nearby BLF and have been quietly following this thread for so long .
The things I feel have been negatively exaggerated are graveyard and mosquitoes . The thing I best like is the exit/entry gates from all directions .
regards,
Rohit
Hi Rohit,
Since you are staying near BLF, I think you are the best candidate to address my biggest concern.
If you don’t mind, can you let me know where exactly you are staying & what is the impact of Graphite India? At your place, do you get the smell that one gets at the Graphite India junction? Is it a cause for concern if one is staying at BLF? Is there any other issue that you encounter?
I agree. Mosquitoes have been overblown as an issue. There are simple solutions to that problem:
http://daily.bhaskar.com/article/BAN-civic-authorities-release-mosquito-eating-gambusia-fish-into-water-tanks-in-resi-4299645-PHO.html#seq=1
Also as regarding Graveyard, only the 2BHKs in Amber Block are facing it. No one is forcing anyone to buy a 2bhk in Amber block. There are also options available in Blue block. Those who don’t have a problem can always pick it up in Amber. Just because the 2bhks in Amber are facing a graveyard, you can’t ridicule the whole project. Anyways, since I am not interested in a 2 Bhk, I never even considered researching into that point.
Brigade Lake Front 3D Theatrical Trailer
http://www.youtube.com/watch?v=-1FipDjiimU
Seems like Brigade is spending big time on marketing of LakeFront and Cosmplolic projects… Hope they spend the same on the quality of construction.. 🙂
ROFL!!
They weren’t kidding when they said Theatrical Trailer. The Music was over dramatic. I was totally expecting a giant monster to pop out of the lake & one of the building will transform into a giant robot to take it on. Sorry, couldn’t help it. Just saw the movie “Pacific Rim”: http://www.youtube.com/watch?v=5guMumPFBag
On second thought, this seems more like a fan made trailer as it isn’t available on the Youtube Brigade Tv Channel.
@Raghu.. Good Analogy about the video.. 🙂
about teh source of the video.. during my search on BLF, came across this facebook page of this company who does graphic/3D visuals for such proposed projects. Brigade has hired them for both Lakefront and Cosmopolis projects. There are some pics which have not made to the official pics released by brigade, same with Cosmopolis.
https://www.facebook.com/DawnDigital007?fref=ts
Not sure why people are supporting this loot by the builder. No doubts about builder but price is 1000 rs psf higher.
>>Not sure why people are supporting this loot by the builder.
of course, to make builder richer!
as they say, rich keeps becoming richer and so on.
another reason could be to stay with only those people who can pay this rate but that doesn’t hold good as there are several small apartments as well.
heard that a builder was not able to sell villas for several months. Hiked up rates by 70-80% and started seeing higher booking rate! Marketing strategy. Exclusiveness. Easier to justify this for villas than for small craped apartments.
>>No doubts about builder but price is 1000 rs psf higher.
typo, sorry
>>craped apartments
meant – cramped apartments
Owners group for Brigade LakeFront
http://groups.google.com/group/brigade-lakefront
Hi,
Has anyone recd.their refund against the cancellation of the brigade lakefront pre-registration for their property. I have sent the cancellation on the day they disclosed the price for the pre-registration customers, but till today they have not yet given the refund and fooling us since last one month when called to know the status. I think they will make use of our money for the complete 45 days. This is not expected by this kind of builders.
I too face the same issue. They reported TDS promptly though. I heard about a few more cancellations from friends.
They will use complete 45 days as I understood.
They take more than 45 days. I got after 55 days that too with lot of follow up after cancellation of golden triangle.
When I threatened legal action after 45 days (inspite of following up with various emails) ,only then I received the money from Brigade.
All these builders will interest to the last paisa till the last day..dont be lenient.
A coin has two sides – I had a good experience getting my refund back from Brigade. They were prompt in responding to emails & I got my refund back without any issues.
Hey Guys, are you talking about the cancellation of Pre Launch Booking or Booking made after Launch?
and what is the cancellation charges Birgade is asking for in either case?
Thanks
True, they will use complete 45 days. If we do not follow up for payments then may be 60 days also. Also they are giving the interest only till 31st May. From June onwards there is no interest and brigade will enjoy with your money till they return you.
I’m wondering how much did you pay for pre-booking?
They are asking 20% within a month of booking.
Is this group only for owners or any prospective buyers can join?
Can some one help me understand why Brigade is demanding the Club house fees (90K+12.36% ST) upfront along with the 20% of cost of flat in Lakefront? Has any one paid it? Is it a general practice of all builders?
Brigade normally charge it during the initial booking amount it self. I have paid the same for BGT project.
Don’t know the logic but we are forced to pay:(
Sagi there is no logic it just they get this bulk money and rather then borrowing it from financial instituion’s which is very high ROI.
When asked the same question, they informed that they parallely develop the clubhouse and hence need the money upfront..
BTW, if requested, they shall give you a grace period for two to three months, for paying up this amount.. Atleast, i know for BLF., but dont know about BGT.
For BGT, they have taken money along with the 20% down payment.
Marketing guys are saying over 160 apartments already sold and response has been very good . In this blog , I can see only GoodSaint and Krishna seems to be buyer and other seems to be potential customer or in dilemma “whether to buy or not ” like me .
160 …isn’t it sounds great in number . I guess most of them are NRI or fluke and probably a reason why they don’t show up on this blog otherwise any sensible individual with hard earned money will surely look for information.
Hi Harsha ,
After initial blog about BLF , you haven’t posted your comments anytime . What’s is your opinion and stake about this property . End of the day it’s individual decision based on pocket and appetite but I believe you are an independent body and your opinion carrier lot of weight. Appreciate you taking time to respond and keeping this blog alive .
All participants , Debate and opinions are always good as long as they are kept in right spirit.
good that they are saying 160 only….for golden triangle they said 300 sold on launch day itself 🙂
Why are you checking with marketing guys on number of flat sold ? will you decide based on the number….if they sell 300 flats then only you will book ?
They have 2-3 years to sell all the apartment…since each apartment is minimum 1cr so it will take time…but they are not going to reduce the price because of that….Sobha habitech and prestige parkview are already 5200+ …i think those who feel its very costly and couldn’t book are desperate to know sales number but reality is that bangalore RE tier 1 luxury segment is now in 4800 – 6600 range….People have money but everyone wants good deal and don’t want to pay maximum rate….
last year general price was around 4100-4200 and people were thinking its costly…slowly all builders moved the price to 4800….immediately everyone who were thinking 4200 is a bad price started purchase @4400-4500….
now 4800 base has changed to 5500+….so people are saying 5000 is best price and 5500 is not a good deal.
I am a buyer of BLF.
You must be a politician or an industrialist or you must have got good money in dowry.
lol !!!! I just wonder, (considering Bangalore is a service industry based city), how much salary the people in Bangalore get to buy a 1cr 2bhk flat with white/salary money? If I do the home loan calculation, I guess I need to get more package than my CEO…….. 🙂
In one life time, a normal person even if he is getting 25lakh package now, how long will he take to retuen 80lakh to the bank (with interest??). How many people we find at 25Lakh CTC??? What’s their percentage in population?? Where are all these thousands of buyers coming from?? (all NRI’s?). Something fishy in bangalore………………
I was also wondering on the same point. Costing around 1cr for 2BHK how many people is going to afford in bangalore.
I have been seeing lot of Realestate ads on the way back from Bangalore int airport recently , looks like stocks are piling up and there are no buyers for many apartments.
My appeal to all the people who are planning to buy is to wait for sometime and not to jump into investments with long waiting period.
Suddenly i see raining deals in magic bricks and Tier 1 kind of builders sending mails for ready to occupy apartments.Indias economy is not stable and it may impact our decisions as well.
No appeal can stop the mania. That is how bubbles are created. Wait with ammunition for ready to pounce!
Any idea when they are going to start construction and what is the promised possession? Any builder finalised for lakefront?
As per their sales person, construction would start sometime by the end of 2013.
Please focus on investing on pension plans and kids future education investments.
we are not in jobs where we get retirement benefit or pension.
For a Tier 1,2 or 3 builder apartment please claculate apartment cost+waiting period+monthly maintenence(given the water problem in city)
we should not end up paying 20 K towards maintenence even after retirement …..plan wise
our family or kids should not pay price for our decisions.
One of the most sensible post I have been in this blog. People should not get carried away without factoring the future. One should always maintain sufficient backup for future. Those who have sufficient money only should buy and that too within budget. Stretching your budget too much could be a very dangerous thing. Remember when the bad time comes every thing falls like a pack of cards including your dream and then it may be very difficult to arrange even 1% of 20%.
Harsha ,
Never heard your view point . Any reason for that ?
Also , if this property is a hot cake then why so many promos and Gold Coins offered
Hi Albert,
No particular reason. My view hasn’t really changed from what I posted initially. The project location is great if you are working in the EPIP zone or near KR Puram – Marathalli ORR. Looking at the recent pre-launches 5500 – 6000 seems to be the new base rate for projects from reputed builders so the rate is ok, I am sure there are other projects from smaller builder at better rates but a good brand, a nice masterplan & decent location will always come at a premium.
I am not sure what kind of Cake property is this. when i followed them for refunds after 40 days against my cancellations, they said that they will take more time as there are too many cancellations for brigade lakefront project.
Now they are attracting the customers by giving discounts and gold coin for their higly priced project. There are no buyers it seems…..
i believe discounts are just 50 rs or so….so nothing great bargain
Wow, they started giving discount also. I am hearing it for the first time that brigade is giving discounts. May be they did not achieve the target of selling 10 flats in the first month of launch.
Better to wait for Godrej, opposite Brigade Metropolis and next to Bhoruka Tech Park?
http://articles.economictimes.indiatimes.com/2013-05-02/news/38983440_1_godrej-properties-limited-residential-housing-project-bengaluru
United Oxygen as shown in the maps is going to be developed as residential apartments by Godrej:
http://www.openstreetmap.org/?mlat=12.99511&mlon=77.7045&zoom=17&layers=M
2bhk for 1.1 cr ? I bought a bigger apartment in less amount in New york. My friend has bought a 2 floor villa in London in same price. Where these builders are taking us? and where are buyer’s going? once sub prime crisis is waiting in India.
guys time to buy in newyork and london 🙂
Bangalore is not as bad as Mumbai or NCR(75% over priced). South Indians are still not used to this flats culture. Bangalore is 15% over priced compared to 50% plus over price in the rest of India.
you could be true… price varies from location to location anywhere in the world. What would be the price of a similar sized apartment in an upmarket area of Manhattan?
India soon would be the largest populated country in the world. And when the purchasing power of Indians go up, real estate values will have no bells or breaks. India, primarily metro cities like Mumbai, Bangalore, Hyderbad etc would be one of the most expensive in the world.
Any info on Brigade Begonia, heard its in pre launch at 5990..the location looks more promising and looks like launch is confirmed in Aug….
I inquired sales guy and he indicated discount of Rs 70-100 can be expected
If they are giving discounts that means flats are not selling. Normally the Tier-1 builders never give any discounts. However, they give offer from time to time like no pre-emi till possession etc.
when i enquired they said they follow fix rate policy so none of the customers feel cheated….that’s a news so how can you trust 🙂
Guys.,
Interesting fight happening here 🙂 Let me join the wagon as well… its quiet some time i posted here. Just doesnt want to post in favor and get branded as the brigade marketing guy..
After some analysis, i did book the flat, even when the price is relatively high for my budget. The analysis is primarily from my standpoint… so, dont start shooting me if my analysis doesnt apply to you.
– Both me and my wife work in EPIP and the office is hardly 5 mins walk.
– Counted the metro factor in. Even though i own two cars, i prefer metro where possible. To quote an example, i drive to Byyappanahalli and park my car there to go to MG Road. I find it pleasant as i dont need to go through the pain of traffic and pollution under the name of driving my own car. Not to mention find a slot to park the car in MG Road.
– I am purchasing this for staying in. So, appreciation is something i am really not bothered about. If it appreciates its great.. Just incase i want to sell in future, i will reap benefits. If it doesnt appreciate much, its fine. I will anyway stay in it 🙂
– I did visit the graveyard.. Sorry to disappoint the guys here. But its doesnt look like a traditional grave yard with lot of graves at least.. Either i didnt look in right place / thats how the place is. Also there are many houses adjacent to it.. Even if some devils, want to make a visit to lakefront late in the night, they have many more houses to visit before visiting lakefront. Some houses even worth more than few crores 😉
– Regarding the smell of lake.. i really dont know.. just to judge i spend around 10 mins around 5 PM on the road adjacent to lake.. i didnt feel any smell, unless otherwise my nostrils are not working.
– Regarding the mosquitoes, that might be valid concern.. Hope the gang of mosquitoes will have enough to ponder on lake, rather than taking time to fly to lakefront for some meals
– And for the biggest question., why not other builder projects which are ready to move in (for eg: Prestige Shantiniketan at more or less same price of 90 lakhs), i dont have the amount to pay down payment of 18 lacs. Since lakefront is going on project, banks shall give parallel funding and hence, i can afford lake front, unlike prestige shantiniketan. And haan, incase of prestige, anyways, i will loose my 5 mins walk to office advantage..
– Regarding %carpet area., i have seen many mid-range builder who offer around 72% (for eg: Reddy Structures, who construct under the name Mahaveer). The one i got in Brigade, i have around 70%. May be i can trade that for better open spaces around the flat and some open ground, rather than having the wall directly to the road.
Moral of the story is… people might buy / might not buy due to lot of reasons. Hardly there is any property in bangalore, which is agreed by everyone as the perfect buy. I doubt even there is one such property.
Just consider your reasons to buy and then evaluate the price and check if you can go that extra mile if required.
Rest assured., I agree that the price is high. But i went for it., as the other factors influenced me.
Regards,
Krishna
Ahh hahh, atleast I found someone who shares my same thoughts!
@krishan – i did not get “i dont have the amount to pay down payment of 18 lacs”
this brigade will also ask you at the time of booking isn’t it ?
Yes Reji.. They do..
Let me elaborate.. Say., brigade wants a downpayment of 18 laksh for a 2BHK apartment. This is 20% of the apartmet value… Now, i can speak to bank and get a parallel funding., such that i pay only 20% of 18 lakhs and rest is paid by bank. So, brigade gets 18 lakhs as a first instalment.
There after, any installment required by brigade, shall be met with 20% from me and 80 % from bank. This is possible, as the disbursement happens over the course of construction (3 years) of project and i will have time to gather my finances during that period.
If i go for ready to move in (prestige shantiniketan)., bank doenst give parallel funding, as the property is ready to move in.. hence, i have to shell entire 20% in first shot and then bank disburse the remaining 80% in one shot..
Hope its clear..
Regards,
Krishna
Krishna…I guess brigade will need 20 % at time of booking and not giving you time to arrange for funds.
secodnly all banks would ask you to pay entire 20 % of the cost upfront if my understanding is correct…not the way you mentioned above.That is possible if you pay 20% from your side upfront and you have more money with you to pay then you can divide the same with renaminining 80% as copayment you said.
No builder will get into agreement with out the buyer paying minimum 15%. And no bank will process the loan without the agreement for sure.
@krishna, your explanation is absolutely baseless regarding the parallel funding.
Parallel funding comes only for the next 80% payment and not for the first 20% payment. If you are not eligible for 80% loan or do not want to take 80% loan, then you can use Parallel funding.
Regi is correct
Hi Reji,
Brigade does give you an option to either pay 20% (say 18 lacs) by yourself at the time of booking or pay the 20% of 20% (3.6 lacs) incase i go for parallel funding with bank and remaining 80% of 20% (14.4 lacs) shall be given by bank.
Banks do give parallel funding., the condition is i have to give post dated cheques for my 20% (18 lacs) spanning across the disbursement schedule. In the above case, after the first cheque, i have to give the cheques for my contribution spanning across the next three years. This is applicable only for projects under construction. and this approach is called Parallel funding. To that matter, even SBI supports this parallel funding. I can provide the contact details of the SBI person as well, if you really want to check this option.
If you still doesnt want to believe this., its your wish. I really dont benefit by making you believe this 🙂
Krishna…..I have not heard of anything like that…..but if this is true its good but still how will SBI process the loan without the agreement been executed as 80% of 20% will be released only after agreement correct ?.
Not contradicting your analysis but just to gain more knowledge 🙂
Hi Reji.,
Let me explain with an example.. Say the 2BHK flat is 1 cr. 20% of that (eg. 20 lacs) has to be from buyer and remaining 80% from bank.
For bank to give 80%, they need to get a confirmation that 20% is paid by buyer.
Right..?
When you pay the builder 20% of the amount through PDCs spanning across the construction of project, builder shall then provide an allotment letter and also the details of the payment received with the details of cheques realized (first cheque amounting to 20% of 20%., that is 4 lacs) and cheques yet to be realized during the course of time.
These details along with sale and construction agreements are provided by builder for processing the loan from SBI / any other bank. The bank, shall approve the loan under parallel funding and then the condition of their disbursement is that, the date of disbursement is always the day after the PDC from buyer., ie, the day after the contribution from buyer is paid to builder on any future date.
As someone pointed out earlier., its more paper work, but then banks do have this option. Hope this helps…
Thanks,
Krishna
But will Brigade accept this option because for Golden Triangle they are asking 20% down payment (within 1 month) before signing the agreement itself.
They did agree to me atleast..
Even they asked me for entire 20% in first month.. I told them that i dont have cash and the only option for me is to opt out. Then their sales rep suggested me to go for parallel funding and speak to banks. Then i checked with SBI and Duestche and then finally getting it process through Duestche.
Brigade has a sister group called as Tandem, who is co-ordinating all these loans. Pls check with them.. They will help… I am processing mine through them only. You can inform them clearly that out of the initial 20% downpayment, you shall pay 20% of 20% and the remaining can be taken from bank, the moment it gets approved.
But for the 80% of your 20%, you have to give PDCs well in advance, at the time of applying for loan itself.
One more addition to my earlier note., you can check for a guy called Kiran at Tandem and you can also quote my name stating that you want to process the same way that they are processing for me at BLF.
this is what RBI is trying to avoid…exactly…this is what cased the US Real Estate crash… i think paying 20% of 20% and booking an apartment of 1Cr + is too much of risk taking both by individual and banks…
In India we have very few sane bodies like SEBI and RBI, who makes tighter policies to avoid over the board risk taking… if you can move into a house or buy one with just 20% of 20% i.e. pay 4L for a 1Cr. house and book it…(don;t know for self use or investment and speculation) what is going to happen…you are exposing yourself to a huge risk..also more than you banks are exposing them self to such a big risk…if in case somebody’s job is lost (which is very normal nowadays irrespective of your skills) what do you do then…you would have paid 4-10L for a 1 Cr. property…and bank would have 80% ….the builder, individual and bank all fall into a soup in that case….
This is the prime reason RBI made 20% compulsory… so that not everyone with 4L in hand can come and buy a 1Cr. property…and expose all the parties involved to a huge risk…
anyway its one personal call…if this what’s going on and if banks are letting people pay 20% of 20% god forbid its bound to fall one day…it has happened in all major economies and we r no exception…
Regards
Srinath
Hi Srinath.,
Subprime shall come irrespective of parallel funding or initial funding.. Its related to the price of real estate, but not the kind of payment schedule… Its already pointed out earlier in one of the posts..
For eg:
If you go for parallel funding.. you paid 20 lacs during the course of construction of project and similarly bank also paid 80 lacs in the next three years.. After three years, you lost your job and cannot pay your EMIs.. Thats it.. you have to give away your house.. (assuming there are no other finances available). Bank cannot sell this house easily as well, as during such kind economic recession, ppl might not be willing to buy the property. In this case, bank is left with a construction which cannot be sold and at the same time, already left out 80 lacs.. Just to worsen the things., if the real estate prices fall, say the house has become 50 lacs now.., then bank is actually at loss, loosing out the money of the investors. If investors start pulling out their money from banks, then banks dont have money to pay back and then they have to file IP.. This is exactly what happened in US.
it can happen irrespective of type of funding, and is related to real estate prices…
Thanks,
Krishna
Thanks,
Krishna
If such thing is happening then it is highly bad for overall market and how can RBI allow such pathetic scheme of 20% of 20%.
This will start the speculation game, big time. Just imagine, a person with 4 lac takes a loan from bank of 80 lacs expeting that the 1 cr property will atleast become 1.1 cr in 1 yr, so the return for him will be 10 lacs after investing 4 lacs in 1 year.
Guys this is total insane and equivalent to futures trading in stock market.
This is highly speculative and will definitely lead to major bubble burst. Invetors will keep on investing by paying less and will create a pressure on the overall economy.
@Reji: In my case and for Krishna, if we buy Prestige Shantiniketan (any similar priced ready to move in estate) we are looking to pay close to 90k as EMI vs Lakefront’s starting Pre-EMI of say 4k~
Down payment of 20% remains the same. It all matters if one can pay so much EMI.
You have to take in account of the tax that you cannot claim before possession in case of lakefront. You also pay your monthly rent.
If Brigade is targeting highly paid individual, then where is the question of “so much of EMI”? Brigade Lake Front is not for freshers, it is for highly paid individual who can easily afford high EMI and if you can afford high EMIs, you have lot of ready-to-occupy options.
Ultimately you will also have to see what is the total out going. In case of Brigade Lake Front vs PSN, LakeFront will certainly will have around 25% more out goings considering rent, tax implications and other things.
Moreover, you also need to factor in the delays in construction which is very common for big projects. Metropolis was delayed by more than 18 months, PSN was also delayed by more than 18 months.
In this tight economic condition, those who dare to buy 1.1Cr 2-BHK are really brave hearted. I would like to salute the buyers of Brigade Lake Front.
Krishna alias Goodsaint
I guess you have no idea about bank loan process and moreover you are putting some stupid points to promote project and support your decision.
You need to pay 20% from your pocket first before bank loan, you are saying that you don’t have that money and thats the reason you can’t afford metropolis or shantiniketan which are better project/location. Are you saying that you are out to purchase a 1.1cr property and not having 20L ready in pocket ? ?
Do you have eligibility of 80L loan ? if yes then i can easily imagine your family income….but again if you have that much income then why you don’t have 20L in hand 😛
Buying 1.1cr property is not kids talk…i am sure those who are buying this property will have 30-35L easily available in their pocket ready…you might be exception 🙂
Coming to property…the reason you are quoting in favor of BLF..i see same against it.
Carpet area : Good builder gives more carpet area >75% best example i have seen recently is Mantri glades checkout their 1255 sqft is better than BLF 1330
Again Brigade gives avg 72% carpet…but then why in BLF they are giving less ~65%….this indirectly means that they are actually charging 10% more rate 5700+500 =~6200….if you can’t see this then i am sure you are blind in love with BLF. if you are ok to pay 6200 rate then their are other projects out which really comes under premium category where the specs are like marble flooring etc….
Lake: Source of mosquitoes if it is not maintained….and here by lot i mean really lot….checkout suncity and sobha apartments bellandur….just go their in evening….
Metro: Rich also need public transport but i am sure most riches would prefer it a little away from home and not right next to home
Graveyard: Graveyard is graveyard..there is no difference b/w traditional vs non traditional…or small vs huges….even one grave is enough for me to look for another location…
Chemical factory: You visited the location and you found no smell so if it is not smelly on the day of booking then its ok 🙂 ? …. It could be the source of bad smell 24hours in your home….i am not sure why you are still so excited about BLF! God only knows at this point that plant will be shut down or some builder will buy it…..people having lot of money or 3rd 4th house will not care about all these points…but i am not getting why a person who is not even having 20% of money is finding BLF as best place to buy home in bangalore….
Dude there are many other apartments in nearby location to enjoy both whitefield and metro ..at better price and better location….
Dear Swati.,
First of all, am not good saint. I dont even know who it is.. So, dont jump to conclusions. If assuming that such kind of things, shall give some kind of sadistic plesure then your choice 🙂
I know how the loan processing works. Since you guys cant believe it, i told very clearly that i can direct you the SBI loan processing person. If you dont even want to believe the person from bank itself, then again its your choice. Just because, you dont know that such processing exists, doesnt mean, that option doesnt exist.
Parallel funding exists. Just that you have to give PDC (post date cheques) for your contribution and that should be dated atleast one day before the bank is required to disburse their amount for the instalments during the course of construction.
It might be hard to believe, that i dont have 20L in hand. But yes, thats my case. As i told you earlier, its a stretch on my budget and went for it.
BLF is not giving less than 65%. You have to check your facts. Else, get the flat structure from
online and then compuete the area for yourself.
I never said that I took BLF just because metro is coming there.. I said, when i am considering many factors, Metro is one such factor. Again, dont assume things.
Regarding grave yard., its personal choice. I dont comment on that. Many of the villages in india which are spanned within a radii of 0.5 to 1 km, have the graveyards positions at the outskirts. doesnt mean, no one should stay in village. So, distance is just a relative parameter. half a kilometer is a good distance for me. but if its not for you, then its your choice.
Again dudette… if you cant and dont want to understand it.. Pls dont try to understand, May be its beyond your understading 🙂
Interestingly i never said that its my first home. I just told that i wil stay in here. So, again dont asusme things. I have invested elsewhere in my home town and in BLR and you can understand why i dont have 20L in hand. Money is stuck elsewhere. i stretched as i am fed up of driving in this ever increasing congested and polluted environment and i know for sure that my company will not move out of EPIP in the next 20 to 25 years and i shall retire by then 😀
Regardin mosquitoes., i have stayed enough in BLR to understand that they are going to pay a visti whether or not you sit next to lake / far from lake. so, cant help it and i cant take a flat purchase decision based on this.
As i said earlier, just because you want to hate the property, doesnt mean everyone has to hate it.
You didint like it., so dont buy it. For me, it made sense, so i bought it 🙂
grave yard is not 0.5 KM away. Its less than 100 meter from the boundary of Brigade Lake Front. It is just next to the lake.
I fail to understand why someone who can afford 1.2 Cr apartment comparing himself with villagers. Villagers have no choice because they cannot afford to go out of their village.
But in fact, Brigade should also try to adopt the graveyard too and add it to the list of amenities. Anyway, people need the graveyard too. They don’t have to travel my metro to reach the graveyard.
😀 the last lines really made me laugh loud.. you sure did have one hell of a wit..
On a serious note, who knows, there might be a bit of fact in it as well. The nearer all the amenities, the better 😉
Jokes apart, i was referring to villages to give a perspective of distance. What distance is fine..? 100 m, 200 m, 500m, 1km, 2km…?? its relative…Isnt it.
Again, there are companies / residential complexes nearer to it then the lake front. Doesnt make one say that they will not work in a particular company office because of this, considering the fact, now a days many of us spend our time equally between office & home. For some, it matters, and for some it doesnt matter.. In my case, i didnt really care, as am not having a wall sharing between graveyard and lake front..
BTW, i have my origins in a village and hence the obvious reference to a village.. 🙂 Now, dont shoot me for that …
A friend of mine, didnt go to PSN because, for him to come to road from his apartment is a walk of 1 km in itself within the compound. Can i say thats a negative for PSN..? i dont, as i dont minding talking a walk. But for him, its a negative thing. So, there are lot of individual choices and parameters and there is nothing one can generalize about it.
Thanks,
Krishna
No one want to see a grave yard everyday morning from their balcony unless someone has their dear ones buried there. At least not me. I do not know about others. Some people may like to gaze at graveyard while sipping their tea in the balcony. Others may not.
Distance matters at least for me. It should not be at least at the visual distance. For you it may not matter because you have your origins in a village where the graveyards are just 0.5 KM or may be less.
When you are staying in an 12 to 13 flooried apartments, with the kind of view., you might get visibility of lot of things. Its up the user, on what to look and what not to look..
Also, houses are not designed to have a microscopic view of graveyard 😛 from the balconies..
Anyways., if the ppl are hell bent on hating it.. Pls hate it and invest elsewhere.. Its peaceful for everyone.
Agree.
Also why so much complaining about the burial ground? At least in my religion that is where lord Shiva roams and not some haunted place. This is how we treat burial grounds at my native place: http://kailasabhoomi.org . We all go there one day.
I canceled my booking for different reasons – not certainly because of the burial ground. IMO it is too expensive. I already own an apartment where I am staying. . Though I can afford this with my funds and some bank loan, I felt it was not a good idea to invest in the current economic climate (at least as long as UPA is in power) and that too at the price brigade quoted. Simple.
If you have appetite to take risk and liked the project just don’t worry about the burial ground and go for it. You don’t need to justify your decision.
All the best!
So your biggest assumption is
1. Your company will not move out in 20 -25 years
2. You will still be working with the same company
It’s very hard for me to believe if it will happen.
Please let me know the name of the company which gives such an employee satisfaction / salary / work-life balance / nice team etc so that you don’t have to think of changing the company till retirement .
I will join such a dream company for sure
There are many companies 🙂
Also, one has to look at their fitment as well. May be I am the right person in the right company.
There are many things in world, which are hard to believe for many of us.. But thats how the world is… One has to accept that fact and move on…
No idea about the pros and cons of BLF, but the dude who mentioned parallel funding has a point. I have done this with SCB, that was 6-7 years ago. They were ok to get my 25% over the life of disbursement and not upfront.
I think all banks can do this, but most don’t want to do this…more risk for them, more paperwork. So need to have connections or luck. I think I was just lucky – I asked, they took a day or so and said ok !
@Swati, You said there are other options available with better prices, location in that area. Can you please list out the projects, I would be interested in checking them out as well before I decide anything on BLF?
Thanks
If you want in whitefield area then Divyasree Tech Park (Pre launch over @4200) now they will be launching in aug -sept@~4600
Sterling shalom ph-2 (its ready to move in 6-8 months)
Sobha habitech (atleast 500rs cheaper than BLF)
Vaswani Brentwood and vaswani reserve
If you can go to other area then like north
Hiranandani glen (almost same price as blf but location is fantastic and north area is costly)
Prestige ivy terrace
and many more
@Swati : did something terribly go wrong with you and Brigade? or is it something else? Krishna and myself (goodsaint) are two different individuals. Not making a statement to prove anything. Buyers for Lakefront are happy. You could move ahead and buy a home that is affordable and efficient for you. Why do you want to waste time here?
It looks like you did not like the analysis done by Swati because it may have countered your agenda here. Have you tuned yourself to hear only positive things about LakeFront? I am sure any real buyer or prospective buyer would like to hear all the positives and negatives of the project. Since the agreement is not yet executed, they can use the time to decide it and later cancel it if they find more negatives than positives.
How do you know the buyers of LakeFront are happy? Have you met each of them and asked them whether they are happy, not so happy, partially happy, not so partially happy?
Analysis by Swathi is fine.. but then, there are lot of assumptions..
BTW, since you and Swathi are more or less thinking on the same side, shall I start saying Swathi alias Ayush ? Doesn’t that irk the real people, posting their thoughts here..??
Ppl should be able to maintain their composure while capturing / pouring the thoughts over here in public forum.. As we all agree, this is a platform for different thoughts, and there is nothing right / wrong about it, as a purchase of flat is highly individualistic choice..
I dont know, if there are ppl who might be posting with aliases.. But then, until something is proven, no one can point anything at anyone.. The best thing is to contact the admin of this forum to avoid this alias posting.
I just love this point “why a person who is not even having 20% of money is finding BLF as best place to buy home in Bangalore “… Nailed it !!!
Why do you want to fall into a BIG EMI trap … Better choose a project where you can pay 20% and use the under construction time as an opportunity to reduce loan as much as possible while getting the possession
Not necessarily nailed it 🙂
Some ppl like properties that are suitable to them, and then try to arrange finances accordingly. So, whats best for one might not be best for one.
In here, seems many ppl are suggesting PSN. But i have many friends in PSN who have purchased flats there and didnt suggest that at all. So, its again a perspective. For me, the deterrent was the down payment and lack of parallel funding to go for PSN, else, i would have tried it.
Interestingly, a person not having 20L now, doesnt mean that he shudnt plan to buy a property worth 1 cr now.. may 20L is thr, but is avaialble during a course of time. may be 20L is invested else where.. There can be any number of reasons. So ppl here just assume things and correlate themselves with others., which is not necessarily right.
Agree with Swati…i have seen couple of Mantri properties and specially Glades while i was searching for one at Sarjapur…i too found that Mantri as a builder and Glades as a project was much better than many others… though found it little over my budget that time so couldn’t take it…its carpet area was much better than BLF or Salarpuria on Sarjapur for that matter.. guys am sure all are putting in their hard earned money…and want the best out of it…but we need to look into this (generally an overlooked point) more carefully…it will just change the value of property…by 10% + – if carpet area you get ultimately is 65%…think about it…what are you paying for and what you are getting…
Disclaimer: I’m neither on this side our that 🙂 means… i’m already invested and hence not looking for in BLF before i’m branded as in favor of Brigade or against and as a competition 🙂 just bcoz i gave a +1 to Swati and her idea of carper area in other builders
Regards
Srinath
I am not a buyer but my kid is in gopalan international. So I use the road almost everyday. Someone should visit the place in summer, you will know how the lake stinks. But if Brigade develops it, then a different story. Mosquitoes, oh yes. I had to change my flat tyre once at that place and I remember pretty well how the experience was. :))
My post by no means is to discourage poeple. Just thought of letting you guys know who might just visit the place from outside and decide !!!!
The above are silly factors, but can be a long term potential issues if not taken care of during construction.
2 years back Prestige pre-launched SunnySide for Rs 4,900/- and within few weeks they reduced the price to Rs 4,300/- because of no sales. Similar fate is expected for Brigade Lake front?
Prestige Sunnyside is located next to CISCO campus in Marthahalli Outer ring road.
Hi Ayush,
Well, Sunnyside had another problem. It was located adjacent to a power distribution center (a mid sized one). This could pose a health hazard in the future. I was interested in this project earlier (the orientation & layout of the apartments was good), but dropped the plan due to proximity to power distribution center. I guess many people might have also done the same, hence, probably the price reduction.
This is only partially true. Even though the price for pre-launch was brought down, so were the specs. Sunnyside was one of the options i had considered before i chose to invest elsewhere.
This blog has some real insight about the property . Location of Lakefront is exciting and have been thinking about it based on project details but because of high price unable to decide . Not sure how many comments have come from buyers for this property and how many are real “GoodSaint” …..please note not pointing to anyone. Having a lake nearby is a bonus but doesn’t matter.
I need genuine advice so that I stretch my budget if it’s really good investment. What kind of appreciation one can expect and in what duration. What could go wrong
Yes its indeed expensive and I have been thinking about it every day. It worries me not because Brigade is quoting that price but if I can afford and maintain the payments on time till possession. Failure to do so on time will attract 18% with Brigade unlike other builders who close their eyes.
I know how important this place is going to be few years from now. Now people, hear this from me if you dont know. The original land was requested by “Namma Metro” as parking ground for the metro station soon to be there. But the land owner refused to sell it to Metro as he got a better quote from Brigade. So now you can be sure that the metro station is a stone throw away from BLF. Plus companies like Netapp, if they mushroom around the location, then prices can shoot to even 10 – 12k.
Just because I am througly investigating and pouring my thoughts, many of you think I am working for Brigade. But thats not the case here. I am just an ordinary person hoping to get a great shelter and community for my family. I know for sure that the locality is a premium and I have full confidence in its appreciation. But if you are an investor I would ask you to look elsewhere that might fetch you a better returns to your investment.
Yea you are right, a 2BHK will cost 1.1CR (including registration + interiors) and it is very expensive for me. But I am damn sure that if I cant afford it now, I can never afford it latter. So much that I want a place in Lakefront, I took a bold decision to go ahead with my booking. I will try my best to fuel payments as much as I could. If it crosses beyond my financial capacity at that time, I would sadly let it go. Will see how it goes.
I was told that the 2BHK carpert area would be around 950sft @70% efficiency. Overall I think it should be okay for a small family. I rather wish for wide corridors than my neighbour’s doors open to my nose @90% carpet area efficiency. I also know the lifts are like huge high speed lifts which way better than the tiny elevators in other small builders. So I prefer a 70% efficiency when I know the other 30% is what I pay for a premium class of living !!!
On a lighter note, I dont think that you are an ordinary person since you are able to shell out 1.1 Cr for a 2BHK. I think it is an extra-ordinary decision which you have taken.
My personal thinking is that a great community is not determined by Brigade/Sobha/Prestige brand. It is primarily determined by the residents. One can say that brands like Sobha/Brigade etc attract a particular class/kind of people (the “moneyed”, suave, sophisticated class) and so it would be a premium community. But I differ on this point. Money has nothing to do with the class or character of a person. If anything excess money makes a person quite puffed up and arrogant. We should not confuse money/high (material)education/high designation with character. A dog remains a dog even if he is staying in a Sobha villa or travelling in a Mercedes because his consciousness is that of a dog. While a saint even if he is staying in a dilapidated hut remains a saint. Sometime back I read a marketing billboard “You have got only ONE life…so live it up” (“One life” is an atheistic statement by Vedic standards). These builders are trying every trick to lure us but we should not fall in their trap.
People working for Brigade are not ordinary persons because they do not have to buy or pay anything. Simply they have to write some stories on behalf of Brigade.
Well, you are the perfect customer for Brigade. Ppl are willing to pay 1.1 Cr for 2BHK for a property still 4 years away. Then why do they want to keep lower prices.
All the best with your decision and hope you get the appreciation too !!!
Some of your points doesn’t make any sense to me
A person who is looking for luxurious and peaceful life dreams about a public train station near his home.
A person who can afford 1.1cr for a 2bhk needs a public transport 🙂
how netapp will increase apartment price ? is it a superstore or a hospital ?
Need a big lift that too high speed so that reach apartment in 10 sec..but the hall which you will use for an avg 8hrs a day is ok to be tiny (just 12*21.8), remember we are talking abt 1350 sqft apartment.
My last words: If namma metro needs brigade land then they will take it anytime…they just don’t care…they will not hurry up that brigade is constructing apartments….whenever they need it their 20rs/hour worker will put a big red cross on BLF!
@Rajesh, great quotes coming from you. I feel to some extend the environment you live in influences your lifestyle and probably your decisions. Don’t want to get into a debate but I have learned from my experience. Generally the crowd who wish to spend for an up class living is better than the miserly rich.
@EasyMoney, have you seen the locality? Its great, and worth every penny spent if everything goes as planned. Just my thought.
@Swati : I couldn’t afford a 3bhk and so I stepped down to 2bhk. Netapp is a storage company with an above average pay. Say 50-60% of their employees draw over 20Lakhs/annum as of today.
Yea I will need public transport on and off due to many reasons. Let me ask you one thing, why do the rich keep off from public transport? Mostly because the way it is maintained and poor disciplines. Have you used public transport else where? Singapore maybe? The class of people using that is different and so everything maintained well. Society influences and even an Indian would behave properly if he or she is elsewhere in the world. Unfortunately here I see people spitting and pissing around. While I can bear some of it, I wish each one of us change and look forward for a better public transport. The Metro and Volvo bus is something I can travel in. I am not rich but I am an average Indian.
About having high speed spacious lifts, broader corridor, etc … I have nothing to say. You just have to experience it only then you will know. I have priority for these features vs a 10sqft smaller hall. Crores would have been spent to get all the required approvals. I know Brigade wouldn’t start any of their projects without getting the required approvals. So let’s see if a 20hr worker can stand up to put the Red Cross. We will continue the discussion then!
Why do u believe that employees of Netapp will only stay in BLF and not in other communities PSN,BM or even for that matter Windmills(maybe their VP may stay there).
Do u know that Godrej is going to launch a project right infront of BM which is 1 minute walk from Netapp office, so ur so called Netapp guys will stay there as they can go to Netapp in 1 min, Phoneix mall in 3 minutes and metro in no time as station will be near BM.
With BM at same price would have been a much better option.
If u wish to live in a premium place then right now u must have been pay 25K rent already so that will also reduce from ur emi of EMI. ALso when price of BLF will increase all the property will also appreciates and no property rice will increase in isolation.
This project will take atleast 5-6 yrs in completion end to end with clubhouse and everything else. So u shud plan to stay on rent till 2018-2019.
I would have expected a person buying for 1st flat to go for a ready to move or less costly place as there is always an uncertainly of project delays etc.
It makes no sense to invest in this project at all IMO. Specially Swati’s point make a lot of sense for me and have decided to quit thi project.
Also the total cost of ownership will be approx 1.1 * 1,25 times = roughly 1.4 crores for a 2bhk (considering rent paid, etc for 4-5 years). I wont recommend to anyone as well. Even my friends in US(who earned lots of many in the last few years dont feel this or Begonia project is worth investing at the launch rates. These builders are just trying to loot us of our hard earned money. No idea how much margin they want to make……..
By the way where is netapp in whitefield. I see lot of people discussing about netapp.
NETAPP…is firing people…watch out when the job is gone and no one ready to recruit (some garbage tester) with that price tag…and then
The original post makes much more sense than the reply.
A public transport like metro is a much safer, faster and stress-free method of commute than any private one that you can arrange. Closeness to Metro increases rental prospects as well. Sobha developers sell their new flagship project Indraprasta at over the moon rates like 10-12K per sqft (apt prices run into 3-4 Cr) and still they highlight it’s proximity to Metro.
The rates quoted by Brigade are outrageous, I agree. But so are the running rates at many projects of similar class under construction. Sobha Habitech which is about 5km down the same road is being sold at similar rates (may be 100-200 Rs less). Prestige Ferns residency on Haralur road also quotes about the same prices and any-day, Brookfields (with future Metro prospects) is a much better residential area than Haralur road. So I feel, it’s not a question of Brigade being the odd man out. The rates in general are out of reach of many of us.
http://timesofindia.indiatimes.com/business/india-business/NetApp-may-lay-off-300-people-in-India/articleshow/20115981.cms
The news is true. They already layed of 300ppl in Bangalore. But it doesnt mean anything. Probably they would hire 3 times that figure in the coming year.
So according to you, NetApp people love to stay near dirty lakes, grave yards and chemical factories and for that reason in 3 years time the price will be 10 to 12K psft.
Guys remember the lake is dirty is smells a lot. The ground water would also have contaminated. Lot of disease causing mosquitoes you will get free if you stay near the lake. If you have traveled thru the graphite india signal during office hours you would know how terrible the traffic is in that junction. When the 2nd phase of metro starts construction, imagine the horrible traffic at that junction.
When Brigade metropolis was being sold, they used to tell that the Bhoruka gases will move to somewhere else and look after even 5 years, bhoruka gases still there.
Brigade as a brand is ok but location and price is terribly wrong with this project.
Guys you are going to invest your money. Take a calculated decision. Never believe the sweet talks of marketing folks. They are there to promote their projects. Take all positive and negatives of it and if you like it, just go for it.
NetApp people would like to stay in prestigous projects like Brigade Lakefront. I brought that point because of the purchasing power of the population who stays in this area would be high and so the demand for properties would natuarally go up. As is it is high. If you cant afford Lakefront just get something in this area, It would be worth the investmet.
As for the lake, its an innocent looking lake. Please dont tag it as smelly. I stay close to it and it isnt the way you describe it. Neither is the graveyard. I couldnt locate it myself. Have you ever visited the place on weekends? Its the most calm place in Bangalore. I accept that on weekdays (during peak hours only) the traffic is dense. I believe the metro can take some traffic off the road.
As for the mosquitos, we have bug screens fitted on Balcony doors and Windows @ Lakefront. So no concerns there. Overal its a good purchase.
Tell me people, if we all go and sit on Brigade complaining about the price, would they reduce the price? If so , I will joing in the campaign. Can anyone confirm if they are giving discounts on the launch price? Not likely from Brigade unless it is some referral bonus.
Got to know that none of the 2BHKs will be lake facing as they will be facing only outwards. So the name lake front will be valid only for bigger homes while the smaller 2BHKs will only see whats there outside the property.
The boundry wall starts right after the 2BHKs. So hopefully u are not bothered about how the inside property looks like.
You can put mosquito net for your windows. Do you also plans to put mosquito net for parks, play areas and common areas? Can your family make use of those common areas after evening? Oh, yes, one can use mosquito repellents body lotion before going out in the common areas in the evening, sorry, I forgot about this scientific advancement.
Hi All,
Ran into this article in TOI. It seems property prices would increase even further from Aug 1, thanks to the Govt. We were hoping for a decrease in prices after the real estate bill, but in fact prices would rise in the near future.
http://content.magicbricks.com/govt-to-raise-guidance-value-in-bangalore-on-aug-1/?fromSite=toi&utm_source=toi&utm_medium=referral&utm_campaign=toi-mb-whitelabel
the moral of the story(comments) is every person who van afford/bought the flat here will say every positive things about project and who can not will say bad about this, as all r simple human being it’s very natural, but main thing is nobody knows really what they will loose after 4 year(who can not afford/not purchasing), and what they will gain after 4 year(who can afford/purchasing)
, every one try to satisfy him/herself.
AND NOT DOWN PLEASE after 5 year who didn’t bought it they will say it’s very unfortunate for me i didn’t/able o purchase and who is sitting inside that flat they will say,it’s my mistake hat i purchased flat here, and funny thing is there both will say outside we r happy with very own decision.
so again moral of the above statement is if u can afford then can take it / just see ur priorities, and if not then no need think about this project , bangalore have lot’s of project choose from them now or later.
@goodsaint, I am really surprised by your comment. If metro wants the land, it can take it. If price decides whether the land goes to metro or a private builder, then no parking is possible near metro in any place in india because the land owners will sell their land near to metro station to private builders. Every where land owners will quote more price for their land near the metro and every builder will try to bid for that. Private builders will definitely qoute more than govt body and in that way govt cannot aquire any land near metro stations.
@Bhola : You heard me wrong. I meant the land was for Metro’s car parking. Not for laying the elevated rail or the station. Its like, for building a road, govt could grab your land agaist your will but if they intend to make a building for car parking then its a different story. Thats my understanding.
Ready to occupy 2-BHK (1418 sqft) flat in Prestige Shantiniketan is available for just Rs 85L. Why would someone pay 92+ Lakh and wait for 4 years in Brigade Lakefront paying both EMI and rent.
http://www.commonfloor.com/listing/2bhk-apartment-for-sale-in-whitefield-bangalore-at-prestige-shantiniketan/51a822da3af32
PSN flats with 1418 sqft are being sold at 1cr + (ref: http://www.commonfloor.com/listing/2bhk-apartment-for-sale-in-whitefield-bangalore-at-prestige-shantiniketan/51c834bc570bc), I don’t know how authentic is the post you have mentioned; because the ad mentions that PSN has 20 floor buildings which is not true.
Lakefront probably is high priced because of the strategic location; it’s in EPIP zone and also between 2 metro stations Graphite and Vydehi.
However your argument is right that if someone gets a flat of their choice at PSN or Metropolis at 10-15% more than Lakefront price, then they should opt for it rather than waiting 3 years.
Different brokers are quoting different rates. If some broker has quoted 1 Cr that does not mean the right price is 1 Cr. Moreover, PSN or Metropolis is not 10 to 15% more but it is 10 to 15% less than the Brigade Lake front if you compare the total cost of similar sizes including wood works.
There will be also a metro station near to big bazaar which will also be near to PSN. The distance of PSN to Vydehi station is going to be almost same that of Lakefront and Vydehi.
PSN has many IT companies in it. I fail to understand why you are calling Lake Front at strategic location?
PSN is fully ready and there is nothing that you need to assume. For Lakefront you need to count the risk of delay and make lot of assumptions on looks and amenities.
I am not an investor in BLV, but was curious to know the efficiency of the flats provided by tier-1 developers. I have calculated the total carpet area of 1330 sft 2bhk, which is coming to be 885sft…i.e a meagre ~65%. Similar efficiency for 3bhk as well.
Just thought of letting you guys know, to help you take informed decision. There are many builders who provide efficiency in the range 75-80%. It is like paying 25% more for each sft in BLV compared.
Sorry BLF not BLV
For Prestige Tranquility the carpet area is between 72 to 74%.
Looks like lots of brigade people are out real.
My cousin used to work with brigade …what he told …
They try to target Nri they have sales office outside India.
Hardly 10 flats are booked till now …
Those who booked in per launch period canceld there booking .
LAKE ADOpTION NOT TRUE !!!
THEY ARE CREATING FALSE DEMAND !!!
Beware …most of the people writing here are BRIGADE PEOPLE !!
@pradeep…i too agree with you..
cld you pls check with ur cousion about brigade golden triangle launched couple of months back and update us …..I am interested in that project but not getting correct information ?
reji
yes looks like lot of brigade marketing people in this forum else dont see how anyone would write good reviews for such unrealistic prices.I have also backed out from investing in lakefront and considering other projects now.
I don’t know whether they are brigade people or genuine buyers who are posting +ve here.
My comment is not even about Brigade. That may be a great venture.
If they are genuine buyers I am surprised that so many people invest in 1 Cr 2BHK and 1.4 Cr 3BHK apartments in the current economic climate.
Very True.Most of the good reviews are wrote by the brigade marketting pepole. The price is very high & they will take years to complete this project. I have also backed out because of above reasons. People who are planning to book , please be doubly sure.
Hardly 10 flats sold? Wow, never heard that story before. I bet that story is a cooked up one from an ex-employee (cousin???) if there is one. Honestly, I am not with any marketing and I feel quitting at pre-launch was not a thoughtful idea. Why would anyone want to quit at pre-launch price when they have the opportunity to sell and make a decent profit?
For those who feel this is too expensive could move on and find a cheaper alternative. No point cribbing and calling true Lakefront customers as marketing folks and with no evidence to prove.
Pre-launch customer cannot just sell it. They have to wait for at least 1 year (after the launch) to sell and moreover, they have to find customer to sell. Do you think getting customer for such a costly project would be easy?
The only thing false is your comment. First talk to a representative and find out about the lake adotion and verify the request with authorities before making false claims. Probably you are the only person who cancelled at prelaunch and now feel bad about your decision.
Me along with four friends have backed out from pre-launch price @ 5440/- becouse at this price along with floor rise it was costing 1.3 Cr for 1860 sft, which is also highly priced.
Just received the availability from brigade for the 3BHK and it looks like very few units are available. I am very surprised to know that brigade has sold this many apartments in such short time. Don’t know if this is a story cooked up by Brigade Sales team to keep the premium apartments on hold in the Amber building.
If anybody has any idea with respect to this please respond.
Well, its a marketting gimmick to create false demand, they have really got it wrong with the price. It would take probably another year or 6 months minimum to launch.
20 acres of Lake :).
Looks like GoodSaint knows more than Brigade Group .
What is the rate finally given
@Albert. I got the word from Brigade and cross checked from my end. Basically did my homework. The lake may have shrunk now but it has seen its glory days and is indeed as big as the project itself. If maintained it can be a beautiful private lake.
Few points on lake adoption:
1) This lake is a public property. SO even if Brigade adopts it, it ownt become park of the project and make it a 40 acre project. The lake would have to be available to public as it’s not owned by Brigade or Brigade Lakefront.
2) The lake adoption will actually add to maintenance cost of the project. Brigade will not pay for it from their pocket… so the cost would be thrown back to apartment owners.
The lake adoption is a marketing gimmick… one should not fall for it.
we will have to wait and see how the lake adoption turns out to be. Technically I think adopt means to bring up as one’s own. I hope it stands that way. Moreover, if they dont provide a way to the lake, it would only mean that its a public lake with a private access. God knows if there is a CDP road in the plan now.
Atleast I am happy that there wont be anything high rise on the 20acres adjoing the propery and make it overly crowded. I am not sure of others but I am happy to pay 100Rs or so per month if we have great lake to gaze upon. Initial expense maybe high for beautifying the lake but then the ongoing expense may come down drastically. The marketing snaps of the lake and lakefront iteself are too good to believe but even if they come close its great.
goodsaint: check the lake beside PSN, around 100 acre full fledged lake and u’ll forget this funny lake beside BLF. The lake is surrounded by villas. It’s amazing. Please dont make soo many plans as 2BHK will not even have lake facing views.
Let’s say Brigade develops it. Good. How much money it takes to maintain a lake of that size? Will the owners of BLF will pay lifelong from their pocket to maintain a lake which is a private property?? If a lake is not maintained, it will be back to it’s present form in no time.
So I am paying hevily from my pocket to maintain a good lake in front of my house OR I don’t pay and find a breeder hole of mosquitoes in front of my 1.2cr 2BHK??
I meant public property….
here are the main points that i reviewed before considering my purchase@lakefront.
1. The project is located at a preium location. Very close to SAP labs and on the main ITPL Road.
2. Earlier it was 15.5acres but now they bought additional land to have access to main ITPL road and probably that would help them get approval for building higher no. of floors than the current G+10.
3. CDP Road is removed from the plan now. I too saw the CDP road earlier but now its just one consolidated area.
4. Heard that they applied to the govt. to adopt the Lake. That would bring addition 20 acres to the existing 20 acres make it a 40acre project with just 1200apartments.
5. The lake (Whitefield lake or Seetharampalya lake) will be maintained by Brigade group.
6. Graphite India got notices already to close down. Same would be applicable to the chemical factory. I dont see them operational 3 years from now.
7. Schools, Offices, Malls, Hospitals are are nearby. Excellent location with the lake adding as a premium.
8. Area seems to be very fertile. Can expect lush green landscape.
9. Heard a lot of IT companies like Netapp are coming nearby. Demand would sustain.
Working in Brigade?
Nope, was staying at BM and truly enoyed the comunity. So it means a lot for me to find a similiar project close to where I work and my child’s school. Lakefront was the perfect solution as BM is close to 8K/sqft now.
Think the comparable property would be Shantiniketan / BM. How much does a 2BHK cost in these two? subtract Rent saved over 3.5 years – you should get the ideal cost a lake front.
Let me add. I had bought BM at 3300 / Sqft. Got possession in 3 month from when I booked. Their quality is decent and there has been appreciation over the past 3.5 years. However they tend to delay their ‘township’ project. BM was launched in 2005-6. The last block was delivered 1.5 years back. Smaller projects they deliver on time.
@ KD when was that you bought BM at 3300/sqft.
guess you got a good deal 🙂
Brigade Metropolis expression of interest Price in 2005 was @ 1600/sqft
Later Prestige Shanthiniketan started at 1900/sqft
San
August 2010. They had some walk in fest.
To Add: As an investment it works if you have patience.
Some reviews from early BM investors / end users @
http://www.mouthshut.com/product-reviews/Brigade-Group-reviews-925077394
goodsaint: if u stayed in BM and loved the place then why not buy a 2BHK at 90 lacs there. U know the place , like it what else u want.
Add next 5 year rent to ur BLF. 25K/month = 15 lacs for next 5 years.
So u r buying 2BHK BLF at 1.1+.15 crore. whopping 1.25 cr for a 2BHK, Wow … thats great.
at what rate was Lakefront given for EOI customers?
Hi
I have not booked in this project nor am I planning to ( reason explained in point e below).Just wanted to highlight a few points which I felt could be of use to prospective buyers.
a) I work at RMZ NXT. It takes minimum of 25 minutes in the morning and evening to cross graphite signal.
b) I hear Metro will pass through this area.Work has not started and when it starts it might take few years.This would make the place more traffic congested.
c) If Brigade adopts the lake,it would not be a private lake.Public would have access to the same.
d) While I did a research on gated community,I understood that as per rules,gated community is not legal.the authorities can ask for opening up the roads etc for public use ( but then the authorities have to maintain them post that).If you check Pruksa Silvana,there is a proposal for a road in between the villa project and the builder has planned accordingly ( though he hopes it wont materialize)
e) I agree to the comment that Brigade is not under any obligation to price it lower.Everyone is here to make profits and if there are enough buyers at higher price,he is happy.Those who can afford to pay the same can pay,others can search cheaper options.The price was not affordable for me and hence i decided to opt out.
Guys.,
Few questions…
a) Where exactly is the graveyard..? I tried locating it in google maps., but not able to
b) Are the chemical factories operational..? if so, why on earth Govt has given a go ahead for residential projects.? As far as I know, Govt doesnt clear a land for residential, unless few norms are met. Away from polluting industries is one such norm. Am i missing something over here..?
c) Now its no longer 5690. Its 5740. And, there is an increase of 30 per floor. I got one blocked yesterday. To be frank, am surprised to see the way the apartments are being sold. Atleast, it appears so, with the gain screen knocking off all the booked apartments.
Need some advice guys.. If its really a bad deal, then I can pull out. BTW, am planning to buy this house to stay in here.. Any inputs would be greatly appreciated.
Thanks,
Krishns
Krishna, this is a BAD deal for the money you are investing. Brigade comes last in construction quality in premium category builders list. Also they are hiding on the CDP (Corporation Development Planning) road which was in their plan earlier between amber and blue block. They are coming up the outdoor activities on the road. One of their representative said that in case if the road comes in future by CDP then they will shift all those to other open spaces.
Brigade have their office in US and they marketed these projects there and are targetting those NRI’s only, hence the price tag is high. I think you should wait and watch, there are more premium builders projects coming in few months.
Hi Shama,
Can you pls let me know of the upcoming premium builders projects..? if there is any other project, i can look at currently, then it would be great as well…
Thanks,
Krishna
heard prestige is coming in Gunjur with 150 acres project, also heard about mantri and shobha are also coming in varthur road.
Sobha is launching apartments on old airport road. Before Divyasree 77 East – where the old airport ends. the launch price is likely to be 10000-10500 K /Sqft.
shama who are the top builders in premium residences if brigade was the last 🙂
I think you are new to Bangalore 🙂
Although I am not but to hear from you lets say I am new …can you oblige now ? 🙂
Definitely Brigade is not the worst builder in Tier1 category. But then again its from my perspective. To me Mantri (if at all they are considered as Tier1) would score the last. Some say Prestige and some say Purvankara. They all have pros and cons but you simply cant go terribly wrong with any of the Tier1 builders.
I bought BGT at launch and was told everything is sold out (200 odd pre-launch and 100 odd launch) 1st day and then i refused to take 13 th and 14 th floor and asked them to reduce floor rise etc and then they called me 2nd day of launch and gave a lower floor …so just don’t trust blindly 🙂
still i know few guys getting middle floors after 2 months of launch and apartments are available…
@Krishns did you book it at 5740/- ? 2BHK or 3? Premium? East or West? Amber block? Whats the gain screen you are talking about?
Hi.,
I have blocked in Blue.. the rate is 5740 + 60 (2 * 30.. as its in second floor) = 5800
I mean Gaint Screen… on sunday, they have setup a big board, where they are crossing the flats that are alredy sold out.. The view in that board atleast gives a feel that almost 90% of 2BHK amber flats are sold..hardly two to three east facing are left and somewhere around 10 units west facing are left out. Hence, i went to blue. (ofcourse, the land owner flats are not listed in them. they might come up during the completion of project i guess. dont think Brigade has a control over that sale). BTW, dont know if the board is still out there.. Dont even know if the board is the real fact.
I am stil trying to understand the following..
a) Where is that cemetry which is around 600 mts away..?
b) What is CDP and how does it impact brigade lakefront. Does CDP is related to widening roads / metro..? I understand, its not shown in the diagram, but just want to know what is that.. For all practical purposes, even if that comes, there is nothing anyone can do about it.
c) last, but not the least, what are the names of chemical factories, which are still operational..? Else, through RTI we can get this information. Govt just cannot allow the residential projects, when there is a known pollution hazard.
Thanks,
Krishna
@Krishna : Congrats on your new flat. Yea I too had a glance at the board and most of the 2bhks were sold out. In F Block both East and West were sold out. Not even 3 bhks were available in that block. Everything what you saw during the launch is now dismantled and so is the Gaint Screen. I see nothing much there today. By the way I stay few meters away from Lakefront.
How did you manage to get it in Blue? I thought that project would be launched at a latter stage than Amber. Do you know when is the possession date for Blue? I was told that the lake was supposed to be public and Brigade cannot block access to it. So they had to provision a road towards the lake. The road in their initial plan was between Amber and Blue block. But latter they changed it and totally removed it making the whole project as one. I think even if it comes, it would come between Blue and Crimson as I see the scope of road from Keys hotel. For someone who is not a resident at Lakefront, has no use to the road as it only leads to a Lake. They cant commute to anywhere using that road.
About the graveyard, its a little distant somewhere around the lake. If you really want me to investigate I can go around and give you the exact GPS location. Its a family grave and not a big graveyard or something. Its not used is what the local residents say. All you see is a yellow board that says to the graveyard.
@Krishna : I know for sure that all Flats on the 8th Floor belong to the Land Owner
@Saint.,
Thanks for a detailed reply..
Even I am planning to take a drive along that area to find out the grave yard 🙂
I got blue when i was not happy with the options presented to me in Amber on Sunday. I was about to walk out, and then they gave me this option. Even though its posession is half year after the amber., i still went for it, as I like the flat in there.. Promised posession is Mid of 2016. But am easily taking a delay of one year and the posession would be Mid of 2017. Whatever they might say regarding the time lines., my exp with houses, never make me believe that the minimum delay of 1 yr doesnt happen.
Regarding the lake, i had a detailed discussion with Brigade and they informed that they applied for the adoption of lake… its public lake, but shall be maintained by brigade. Paper work is under process and hence nothing is finalized.
Regarding the industries around., i was told that if Gopalan school is existing where kids in huge number are studying, then its understood there is no known pollution hazard. in general, govt doesnt give permission for that if there is hazard. Even if the govt give permission, the parents shall in first place dont admit their kids in there.. Unless otherwise, govt is bribed., which anyway, no one has control over.. Putting my faith in govt here…
I had a detailed discussion regarding CDP road with Brigade. They informed even if govt plans to have a road between amber and blue, there shall be problem owing to fact that one end leads to lake and the other end lead no where.. There are hotels and buildings and govt has to re-locate and demolish them for getting the road out there.. So, they say chances are really bleak unless otherwise someone in govt really wants a road there…
By the way, which one did you book and at what rate..?
Regards,
Krishna
The second building after Gopalan School is Bhoruka Gases and it is very much up and running.Opposite to Bhoruka is a paint factory.Mahadevpura Industrial Estate is also next to that..
You can buy ready to move options at Prestige Shantiniketan at same price! Why wait for about 3 years?
Who said 3 years?
For a 20 acre project, just assume 5-6 years atleast if there is no recession in between.
My 2 cents:
I also saw the plans some 14-16 months back. But was not interested to block money for interest and in anticipation of getting a preferred rate, where I am not sure of the base price itself.
I heard they are giving for people who showed EOI 14-15 months back @ 4700. However, if 5690 hold good for thyem as well, then I feel sorry for them and happy that I did not block my money here.
They must have got 150-200 EOIs. Most of its 1st phase will get allocated to this set of people and it will left with very few in inventory.
Brigade will then launch the second phase (6 to 12 months down the line) @ modest hike.
@ this price people can go for Skylark Esta or many other equally premium projects.
are you sure EOI are getting @4700 in BGT it was just 150 rs less then launch price ?
In BGT launch price 3790 and those who booked in pre booking for them it was 3640…But even though I belive BGT is the right choice….(Like own office space,mall)
Only +point I see here its near buy IT hub..And most of the things are common or you can say in BGT more facilites thal BLV.
Well, there has been quite a many changes since the last 16 months. Initially, there was supposed to be only 2 blocks (G+12) in 15.5 acres of land. Now, it is 3 blocks (G+14) in 20 acres of land. How is that possible? Has Brigade acquired more land? Also, in the brochure, the lake is represented in a different way..Would Brigade develop that lake? Regarding the price, it seems the discount to pre-launch customers was Rs 250 per sqft or Rs 5440. However, the choice of apartments are poor..all 3 BHKs were South Facing with hardly any possibility for sunlight. Not sure what is the booking status? Is this another hot cake or has the response be lukewarm? Has the booking for B & C opened?
@Kalpesh: I don’t think EOI customers enjoyed more than 250. Its not likely from Brigade to give 1000Rs discount during pre-launch. Moreover, why do you feel sorry for them if they get that much discount? I might not have followed your sentence correctly. Please do correct me.
Visited the site yesterday, the day project is launched.Prices quoted are ridiculously high (5690 psft base price). Floor rise, parking and other additional charges are also there. All 2 BHKs are badly placed with all balconies on North side and you will not get any sun light in 2 BHK. As it’s difficult for builders to sell 3BHKs they have kept 3BHKs well and they will get sunlight BUT weird thing is there 100psft additional and these are treated as premium apartments (garden facing etc). Dude, if I am doing you a favor by buying a 3BHK why you want to squeeze more! The approach roads are narrow with Graphite India Circle being a big choking point. This is not worth the price. Better locations are selling for 4200 psft price.
Totally agree.Not sure who would buy at this price for this location.I think they are mainly catering to the NRI community who have no idea of the ground reality.I have decided not to invest here when there are much better options in the 4200 range.
Divyasree also a tier 1 builder is a much better location and selling at approx 4500.
Amber most of 2 BHK and 60-70 % 3 BHK sold.
Blue, the one suppose to be phase 2 opened fo 2 and 4 BHK and 60 %+ sold.
Rest is clear and reality will be out by 4-5 years.
@ Mr K …when did all of this got booked ?
pre-launch or launch ?…please don’t speculate.
Best way…Call brigade and get availability list. Also ask why blue block is launched ?
Now if you say it’s hype then you would have visited site at weekend.
@ Ka guy in above post mention EOI are getting for 4700 is that price also not ok for you ?
do you think brigade will ever tell you the correct figure or for that matter any builder ?
I bought BGT at launch and was told everything is sold out (200 odd pre-launch and 100 odd launch) 1st day and then i refused to take 13 th and 14 th floor and asked them to reduce floor rise etc and then they called me 2nd day of launch and gave a lower floor …so just don’t trust blindly 🙂
still i know few guys getting middle floors after 2 months of launch
i agree these builders play with early birds money. i am sure if you say no they will call you and give you the better one.
That’s really good … all the flats should be booked asap by NRIs so that the no one wastes their hard earned money on buying these.
Even after few days of launch, the offer for first 30 bookings was open! Don’t know from where are you quoting this data. Please don’t misguide people.
absolutely incorrect. More than 30 apartments were sold by the end of launch day i.e Saturday.That week of launch they stayed till 8:30pm on Saturday and till 9:30pm on Sunday. I visited on Sunday and by that time prices were hovering at 5740/- and I could still see lot of buyers.
From what I observed, Lakefront has a huge demand due to the locality. One might think Begonia is at a prime location but there is more demand for Lakefront. The lakefront apartments are way better in design than the apartments in BM. I stayed in a 3BHK at BM for more than 4 years and although their lanscaping and spacing is excellent, their flats are poorly designed. Bedrooms are quite small,kitchens are not proportionate to the size of the apartment,bathroom ceilings are very low, un-necessary waste of space with 3 balconies and so on. .. But the community is good and life is great there. I am expecting Lakefront to be even better and by all metrics (atleast from what i know) the Lakefront apartments are a step ahead from BM.
Agree, they are catering to NRIs. Now that Rupee has depreciated about 10% – 12% against dollar so that easily gives them an opportunity to increase price by 10% – 12% as for NRIs that would be same number of dollars. NRIs should consider this fact that this is not really property appreciation as people in India are not willing to buy at this price. It’s more of builders trying to milk more Rupees from NRIs though it’s not real appreciation for NRIs.
When BMW, Merc, audi can launch cars in 30L+ segment, do they target NRI ? even if NRI buys brigade still it means some resident indian would live in that apartment.
If you think only NRI makes money then you have no idea…in my family my itt ian cousin working in one of the top it company makes 28L, his wife earns 19L PA…lke that there are many people who earns good money….what is wrong if Brigade is targeting that segment….
how prestige ivy terrace, fern residency, salarpuria senorita, mantri glades are selling at 5300+ rate ?
Why Brigade would sell at same rate which builders like sumadhura sandoval, Keerthi etc are charging (~4200).
You will be surprised with Divyasree whitefield project launch rate…
I can identify with that cousin of yours. Your description applies to my family too. We pay 30% in Income tax, pay a lot more for our kids’ education, car loan, various other indirect taxes and cost of living has been going up continuously. Hikes in the industry didn’t keep up with the inflation in the recent past. Hence we have lesser disposable income today and can’t afford this any more.
On the other hand the NRI’s dollars get them more Rs. with the recent depreciation.
In the current scenario builders can get ‘most’ business from NRIs, families of Govt employees (with bribe incomes), politicians and businessmen who can evade taxes (hence more disposable income). Today ‘very few’ techies can afford these properties unless they belong to families I mentioned above.
i agree with you that very few can afford it…but at the same time it is meant for very few people… i am not getting why people are angry with the Brigade pricing…..i don’t think its their social responsibility to launch a project which is affordable to most of it professionals.
if you have less budget and badly wants a house in Brigade apartment then try BGT. or go with gopalan, sumadhura, sjr etc
People are unhappy because when Brigade collected EOI amount they said they would launch in a couple of months and the price would be ‘around’ 4500. i.e. setting wrong expectations. Then they it delayed by 16 months and and launched at this price.
Pl. note 16 months ago there were other options at around 4500 – Prestige Parkview etc.
I agree. EOI with Brigade is the last thing one should consider if purpose is to invest. Waiting for over 1.5 years is not worth the value gained.
appreciation for that 1.5 years is taken by brigade and not by guys who gave EOI.
same is the case with BGT.
Agree with you. Besides this I don’t think all double income couples expect both the partners to work all time…. Many females go slow or take breaks in their career. So most double income families ideally won’t want to get into a mortgage trap and leave their happiness to builders and banks. In today’s world of private jobs, partner’s income is more for de-risking. It’s not considered as primary income by most…it’s more like a backup income or something which can help you prepay loan quickly.
In USA rental properties are yielding around 8% where interest rate is 5%. It make sense to buy, rent and make money while somebody else is paying off your mortgage. In USA, Lanlords are legally protected where as in India who know what happens. All over the world, people invest in USA realestate because of its legal framework. NRI’s will be careful now because rupee is falling.
Agree. I believe their target is NRIs.
I paid EOI for a 3BHK 16 months ago when the expected launch price was 4500. 5690 launch price was a shocker and I had to cancel my booking.
There are ready to occupy apartments in the vicinity at lower price, more space and better ceiling height. I am exploring those now.
BGT was promised to launch to EOI customers @ 3000 /sqft but actually launched at 3790/sqft.
it all depends price will not be same again after a year from now.
When I paid EOI amt they said they would launch in a couple of months and they took 16 months! hence I felt cheated. At the same time I am happy that I am not stuck with them any more 🙂
A word of caution to everyone who is interested in buying the Brigade lakefront property: There is a proposed CDP road between the Amber and Blue block which is not shown by brigade, but when asked they say that they have got BDA approval but does not rule out the possibility. They say 99.99% there will not be any problem but not ready to give this in writing. In future if there are any issues then they would shift the amenities elsewhere in the project. PLEASE DO NOT FORGET TO ASK THEM ON CDP ROAD.
whats CDP road ?
Corporation Development Planning (CDP) road..
you mean in between the project a road will go ?
what about gated community then …can that road be used by anyone ?
Guys,
Why not you try to Brigade Golden Trangle(BGT)price is around 4000K.Only +point i see here is location just near to SAP labs,Accenture,GE etc…But why should we pay 5600k.If you see from BGT one straight road comming to Whitefield(10KM) hardly it will take 20 min.BGT loacation is so nicely placed you can Enjoy…Recently i visited that place and near area…got feed back from internate that this is coming very good loacaton for investment.I saw PUSKARA and other vills located the area is fully occupied by pepole even no school,hospital and basic mall are near by….But very cool and caam place to Enjoy the peace…
Even at the time of prebookig BGT price was expected (2800-3200K) but they came up with very hign launch price.
4K not 4000K :-)…BTW BGT is good choice
Heard Launch has already happened at 5690
Just visited the camp that they have today at site. I did not like location as its very conjusted, chemical factory nearby, there is a graveyard as well!!
Price is too high and there is no reason why should I park my money with Brigade for 4 years? I would rather buy the property later (even with some premium) if all the other concerns are not there at the time of possession is offered 4 years later 😉
Regards,
Yogesh
yogesh
was there rush for booking and flats sellling.
seen add they increased price by 50 rs….was the price negotiable ?
Yes. That could be anyone’s conclusion seeing it first… But I really think this proj/location has huge potential in long term say in 5 yrs… industries in this area not going to last for near future as many of the land parcel around got converted to residential from industrial… ex. sjr avalon, aratt proj nearby, sumadhura runs few small projects around. there are existing projs like sjr brooklyn, sterling shalom atc… And road is really wide which is not usual in blore and metro positivty… sounds very good invetment…
But I am not really sure about ground water contamination though…
about the price… it will be ridiculous to expect any tier 1 builder’s project below 5K in blore… Name one project which is below 5K in sarjapur road/brookfield/whitefield even Hebbal for that matter…. even the one in Budhigere juntions are charged 4.2K+…
Yes it is very premium.. it wud have been irresistable if price was at 4.8-5K…. but DNR Atmosphere is charging i think 5K…
Haha
@Pramma m
Are u brigade’s sales guy ??
Total waste project …
I herd price going to revised to @4990 ..
@ sanjay… i am really surprised to see all ppl want is to hear negative feedback!!
its ok… human 🙂
u can see my comments in threads like asset east point, vaswani brentwood, sjr avalon desperately looking for information… only reason i wrote hear is, i saw this lakefront site 6 months before when i was checking out sumadhura srinivasam….
Hi Sanjay,
somebody might have told you in dreams that prices are going to be revised to 4990. Dude if you see any Tier-A builder project in whitefield it will not cost you less than 5300-5400 atleast.You see PSN, metropolis, habitech, Prestige Parkview etc. I have been searching house for past 4-5 months in whitefield with Tier-A builder.
I do agree that it is higher, ideal price should have been 5200-5300. But considering the location I believe it will appreciate, considering the fact that Metro will pass by very close to this project.
@vicky
All the best ..
Wait and watch price !!
Y to block money for 5 years !!
Location is biggest problem..
@sanjay what is source of this information
Just fyi. I booked Prestige ferns at Sarjapur at 4250 per sft..
Is it 3 BHK? How did you get for less price?
Also, what is the reason behind this Fyi?
@Ranjay,
When did u booked in Ferns residency, last when I checked in mid of April 2013, prices were in the range of 5000-5300 depending on PLC etc. Also PFR is way inside Haralur road, that location will suit people working in ORR, Sarjapur and EC. Personally I feel that Haralu road is too narrow.
I visited the site and trust me not at all good place to invest …
Reasons
1) Location : worst place at whitefield.one side there is chemical factory other side worst lake I have ever seen it smells really bad …and behind the project at a 1kms distance there is full chemical plants !!!! And add to this there is a grave yard jst 600 mts away !!!!
2)Price : 5695 per square ft ….now I can’t stop laughing at that ..!!! All other builders asking around 4200/4500 in the better area of whitefield !! They said including everything 2bhk will cost 85 Lakh !!!
3)diseases : go and check how much polluted the area is …and google what kind of diseases one can have becoz of those chemical plants !!
4)fresh air :there’s no fresh air all the air is badly polluted .
5)water issues :at whitefield you can ur self google and find water problems in the area…!
6)”appreciation” :85 Lakh for 1259sq ft area …procession 4 years !!! How much return you can xpct in next 5 years ?? And how much return u can get putting same money in some Fix deposit !!
Advice : before meeting any sales guy of brigade lakefront first go and visit site and talk to people living near by areas .
Those who have already booked still not too late check ur decision one more time !!
Is it that bad? Sounds scary. I was under the impression that one of the reasons for the high price was location. Even I saw some comments in the below threads that the location is good.
any other builder in exactly the same location would not have charged more than 3200 to 3500.
I do agree that the pricing is ridiculously insane, but for the exact same location i dont agree to the statement 3200 to 3500 will be the current market place. That area is a good one and most builders are charging 3700 +. Aratt has a project next to this and they are charging 4200 (negotiable up to a base price of 3800 odd). Similarly Sumadhura has some projects near by and they are also charging similar rates. SVV Palms some what 2 km inside on the other side of the road from this location was also quoting 3600+ some time back. Considering the fact that there will be 2 metro stations in the vicinity and will access to roads, brand value I think 4000- 4250 would have been a good deal. Again personal opinion.no offense 🙂
Yes agreed anything close to 4000 psf is good if its brigade project …
But they are asking 5695 ..that’s really funny …
Only NRI will invest here becoz they don’t know correct value !!
Who really want to live where there is a chemical factory rite in front of project and many chemical factories behind project !!
Else investing in this project won’t gain any profit atlst for next 15 years !!!
Total waste project !!
Hi Varun,
As a layman, your comments seems a bit contradictory in nature. On one hand, you say that this project would be a good buy if price is around Rs 4000. However, it then becomes a waste project at the expected price range, due to various chemical factories nearby. The question is: are you expecting the effects of the chemical factories to be more pleasant/reduced at Rs 4000 than at Rs 5500? Or does the chemical factories come into existance based on launch price (4000 = No, 5500 = Yes)?
contradictory in nature ??
Really ..??
Ok will put it in simple way ..
If any1 really wants to buy as investment point of view then 4000 psf is the rite price !!
If any1 planing to live there then it’s a total waste …reason chemical factories nearby ares !!
I guess now u got my point ??
No. Still contradictory.
My investment = Someone else’s end use.
If it is not fit for end use (chemical factories or whatever) then it is not fit for investment, at any price.
Ajit ..
investng for the 1st time in property bro ?
the way ur thnkng then yes it is not a good investment.
Please visit site once u will come to know many more thngs 😉
Hi,
Nope. Well invested, now sitting pretty. If real estate booms then I can retire in 10 years. If it crashes then I am screwed.
Done creating property portfolio so not interested in visiting the site, was just curious about ur investment vs end-use idea.
Good luck with all ur investing.
Completely agree.
What they are asking for is ridiculous.
I work near by area and i can tell there is bad smell (polluated smell ) near by , this smell starts comimg as soon as you reach graphite area.(Not sure from where such smell comes , but seems some chemical smell) , may be after some years this is not there.
otherwise i feel location is good.
Hi every1 ..
I will be booking 2bhk/3bhk in next 10 days ..
1)Can someone who visited site give a review about the nearby area .
2)when construction will start any idea ??
3) sales person told me rate 5590 today any1 booked below this rate ?
4) what’s will be the total cost for 2bhk flat (area 1290) ?? And how much will be booking amount ??
Thanks
Well, thats a quick decision. Don’t you feel the price to be very high? Or would it be worth that price?
there is a graveyard near by…not sure if you care…sobha city also has a crematorium sharing boundary..my colleague booked sobha city even after knowing about it….he just laughed and said its a new definition of luxury…school…hospital..mall and graveyard!!
I don’t thnk there is any graveyard near to it ..if u have seen something like that post the exact location ..
I thnk by the time the project will be ready the cost of that area will be above 8000 ..
The rate they are offering is high ..it should not be more then 5000…
But atleast I can be relaxed that the project will complete 😉
What about the concerns on the location? There is a post above by Varun which says that it is worst in Whitefield area. If this is true, then why the high price?
Came to know from source that launch price would be @5690.
At that rate they should atleast be having central AC and and an in home video surveillance. Automatic lighting / water would be apt. Otherwise, its a total shame!
I guess that is very high compared with the competition. Not sure what Sobha & Prestige are quoting. Looking at the limited discount provided to pre-lauch customers, one really wonders if it is really worth locking such a huge amount of money for such a long time & then be disappointed. It is better to refrain from pre-launch & book after launch only.
Is Graphite India still operational? Also wouldn’t it be health hazard to live so close to it. Please share your views.
I am interested in the property but came to know about the issue recently.
Is prelaunch registration open for Brigade lakefront!
Prelaunch was over few months back. Several deadlines passed for the launch. No one knows when the actual launch would begin. Launch offer is in the range of 5500+ and its too much for an initial payment where the project would take about 4 years to complete. Investors have better choice elsewhere.
Hi Mani,Totally agree with you.What is the point of investing in a pre launch at 5500 when other ready to move in projects are available at lower rates in the same area.
you will have to pay 100% if it is ready to move in…
btw why brigade will see at cheaper rate when rate is already 5500 in that area…brigade brand has good value in that area….i think 5500 is still good when PSN and Brigade metropolis are selling@7000 rate (all inclusive).
WOW…would the price be that high? Any particular reason why it is so high in that area?
This can be explained easily.
May be the people working in whitefield area get extra salary to be able to sustain life at these prices. Similar to folks getting higher salary when on deputation to expensive cities across the globe.
An interviewee can demand an additional X amount for a new job if he lives in whitefield and has bought a apartment with so n so builder and has a debt of 1 Cr as prevalent in the area.
On weekends residents can discuss on the posh lawns of their premium apartments about the interest rate trends, outstanding debts etc and not worry about water supply or maintenance costs.
This is the uber cool life.
Sarcasm intentional.
It will be high b/c sobha habitech and prestige parkview are already selling at this price..Brigade comes in same category.
Reason: you are close to some ~100 IT companies and whitefield area is atleast little bit planned area. you will never have problem in renting and selling your apartment.
Well Divyasree has just launched a project in the same vicinity at 4200 and they are a top listed builder as well.Total area is also similar to lakefront.I would at best be interested in the lakefront project if it launches at around 4500,nothing more than that for that location.
I too was waiting for LF to be around 4500 having sent my EoI. But thats not the case. They are not saying anything below 5500. I have booked Divyasree now
Don’t know why divyasree pre launched it at 4200 but now they are saying that launch will be @ ~4800 price tag. Another thing is the whole complex is planned as kind of mid segment some 1300 apartments in 13 acre. When you construct more apartment then per apartment price goes down.
Brigade: they are selling BGT ~4000 which is on undeveloped location compare to whitefield…also prestige is selling at same price on budigeree..but here prestige and sobha are selling @ 5300 so i think brigade will sell in similar price.
Ok, got it. Thanks for the information. Another question was regarding the construction quality of Brigade? How are their apartments? I have not seen their recent model apartments. Do they provide good carpet area or less? How does Brigade compare against Prestige, Sobha, Nitesh, Purva etc?
With a high price tag of Rs 5300-5500 per sqft, does it mean that the quality of the apartments would be better than Golden Triangle or is the high price simply because of location? The quality & amenities remain same as Golden Triangle? Just wondering..
Prestige is the most reasonable in Tier1 builders keeping up quality while Brigade is more of a hype and quality is more or less the same.
Seriously wondering “Have they overpaid for the land” or they want to fleece the public
Divyasree price includes car parking charges as well. Incase of Brigade, you might have to pay more car parking charges compared to the cost of Wagon R/i 10 !!
Is there anyone who has already registered in the pre-launch offer? Was there any price commitment from Brigade for the people registering during pre-launch?
I registered more than 14 months ago (april 2012). But this project keeps getting delayed. They have not launched it yet.
Does anyone know if there are approval issues?
Thanks.
PR
Tentative Launch is on 22ed of Jun. You as a part of pre-launch customer get options to choose soon.
Lake front is launching@5500 rate and begonia@6300. I am not sure if Brigade will charge less from customers who booked during pre launch.
Got a call from them again as we had registered with EoI.
Launch Price – 5690
Discount to EoI customers – Rs100/- only.
probably 100-150 rs less then the launch like they did for BGT…
What is Eol?
Sorry for my ignorance..
PR
EoI = Expression of Interest
You might be kidding. I visited the site. The 2BHK 1330 sqft would cost around 91 Lakh+ with floor rise 97 Lakhs would come to 6900+ though 7300 fo rsomething which is going to be ready after 2.5 years and the construction of other blocks would take another 5 years or so. Which doesn’t make any sense to compare with other apartments even if its being sold @7K psqft. At least you would get rent as returns. 🙂
While I was driving around that area I saw a sign board maked “To Graveyard” just about where Brigade Lakefront is supposed to be. Who on earth would put a sign board and show the way to a graveyard? The portion is in between the Seetharampalya lake and Brigade Lakefront. I think someone for all wrong reasons is trying to put down Brigade’s Lakefront.
Hello,
Well, such a sign was not there when we visited the site a couple of months back. So, looks like a prank. Or it might be a ‘pre-launch’ offer(with a twist)..recently opened…:)..can’t blame them , after all, it is the age of pre-launches in Bangalore…
I too saw it and the board is visible from the other side of the road. Not a good sign to keep there though.
There is indeed a graveyard around 1km from the entrance of Brigade Lakefront..if you go along the road till the northern bank of the lake you will see it. But i am told that the graveyard is not “used” all that often!
thats scary
i stay opposite a graveyard.its not scary 🙂
i stay near the area. The graveyard board is there for a long time and it has been put by bbmp. Another problem is the dirty lake. Don,t say somebody is playing prank and made the lake dirty to bring down the project.
Surprised today to see a well known broker listing Brigade Lake Front at 4500 per sqft as base price. The 2bhk 1200sqft variant was priced at 56L in a ‘common’ real estate site.Tried to contact the broker but was not able to reach till now. Anyone got any insights on this?
Sorry! My bad. Called the broker and got to know they posted wrong info. Its 5500..and 2bhk starts at 72L.. Too steep for that location. It should be 4800 which skylark and 4200 Aratt are charging for that location.
Can any one let me know how much you paid during the pre launch. They are saying 5500 and it is still pre launch price
Definitely not worth a pre launch property at that price with no completion deadline.
Hi. I discussed with Brigade regarding Lakefront project. It will be priced at 5500/- per sq ft at launch. As per the officials they might be offering 5250/- per sq ft for pre-launch bookings. Did they commit any price to the people who have booked earlier?
Thanks
5250 so waht will app price all incl for 2 bhk.
70-72L including registration for 1200 sqft BHK, I think they priced it high
if u sell befor registry 5% wil be charged from total cost..5500 will be launch pric
Came to know from Brigade Sources that this project will get launched in August @ 5500 psft. Isn’t this price too steep for both self use or investment ?
Yes, seems very expensive. Would the project be really worth that much? But then the price is not determined by people like us..but by a small percentage of HNI population who it seems will pay any price…As long as people in India view real estate as an investment option, prices will continue to be unreasonable, in all other countries (US or Europe), real estate price are regulated, are in control & you get more value for the money spent. In those countries, you do not see people buying multiple properties, but in India the opposite is true ! Bangalore is fast becoming like Mumbai. Prices beyond the reach of common,hardworking middle class Indians.
Waste of money….There is no justification for such sky-rocketing prices..
Sobha Habitech is a much better option, the cost works out to be the same ( brigade charges for car park and club charges seperately, which sobha doesnot, also sobha works with you to reduce govt taxes )
how is shobha habitat(5000) compare to brigae lakefront
Also, how does this project compare to Brigade Golden Triangle or Brigade Begonia, which too are just to be launched. Any idea guys?
Did anybody in the forum book in B. LakeFront ?
Hello,
Yes, I had invested in the pre-launch of an apartment in Lakefront for personal use. It seems the project might launch in March 2013, but the price is unclear. Moreover, it seems that out of 2 towers, only 1 tower would be launched in March, another one would be launched after some months at a higher price. Hence, whether the launched tower matches the requirements for most in terms of layout, side facing etc remains to be seen. Moreover, it would also be a big disappointment if the discount is only Rs 200-300 psft after blocking the deposit for more than a year. That discount is probably ok for projects with a pre-launch period of 6 mths or so, but not in this case.
Hopefully, Brigade group will do justice to their brand reputation & provide more benefits(fingers crossed). If that is not the case, then I guess many people might choose to withdraw & consider other projects in the same vicinity (myself included). Lets see how things unfold in the coming months.
I am waiting for the launch of Brigade lakefront too .. Does anyone have an idea about what the approximate launch price maybe? I tried calling Brigade many times but they are not clear about the launch date. Someone there even suggested June 2013…
I would be interested too only if the price is within reasonable limits .
Earlier reported one says – Price in the range of approximately 56 Lakhs to 1.25 Cr (basic cost, exclusive of Car Park , club fee and all additional governmental levies).
Will there be any group discounts from Brigade Group ?
Hello, It seems that the launch is expected by Jun – Jul 2013. Price might be around 4500-4600 psft for people who have registered in the prelaunch offer…Considering the long delay & uncertainity(+ steep price of 4500), what would be the suggestion – would it be worth holding on or withdrawing? I was planning to use the apartment for personal use. Comments welcome..
4500 psft would definitely be a steep price considering a yet to be launched property. It might take 3 years+ from the actual launch to get completed.
Considering the service tax + VAT we need to pay for a under – constructtion property (which could be anywhere above 4-5 Lakhs for a 1200 sft 2 BHK house ?).
Doesn’t it make sense to buy in PSN or Brigade Metropolis as both are ready to move in ?
I would no doubt be paying more there but I would be saving on service tax + uncertainty of completion date.
Looking for self use and I am a first time buyer.
Hello,
As anyone visited the site recently? Any activity there? How is the location? Any concerns? I was interested to book, but not in Bangalore right now..hence, comments are welcome..
Only concern is about the graveyard in front of it.
It would make sense in PSN for BM if prices were sane. Currently, it seems anything anyone asks is given by ‘few’ buyers and thats how prices go up & becomes unaffordable for usual people like me. in PSN, 90L+reg is price for small 2bhk 1297 sqft, which is near to railway line. Other 2bhk 1418 sqft is 95-1cr+reg, which is insane!
Yes, agree with you. Prices are way beyond any reasonable limits. I guess a clear message needs to be sent to the so called Tier A Builders that this farce of pre-launch would not work in the future. We can all refrain from booking on such offers & wait for the launch. Anyways, the discount during pre-launch does not seem to be much (Rs 100-200 psqft at the max). There is no point blaming the Builders, it is basic economics to maximize profits & gains. However, if we choose, we can collectively send a strong message. Cities like Mumbai, Pune are already seeing slowdown of residential demands, thereby forcing Builders to reduce launch prices in prime localities like Powai. Really hope a similar sitiation would happen in Bangalore soon, but then this depends on the general public(fingers crossed).
All NRIs are investing in this kind of property and we in India can’t compete with them, can’t do anything about it. So when some one told me price about 5500 I thought it is better not to think about such property as it leads to inflation. However based on my past experience property prices will NEVER come down.
there will be no 2 bhks as all booked in prelaunch.what will be 3 bkk price all incl.
How did you get that info ?
I called Brigade group today, they are no longer booking in pre-launch price. They don’t have any idea about the Expression of interest/Registration form as mentioned in this plan. However it seems the project would be launched soon
Does this project has launched yet ? Heard many comments about pre-launch , is that really happened or happening ? How reliable is this builder and it’s marketing department
Hi All,
Is there a lake near Brigade lakefront. I am planning to book one flat. Anyone interested in group booking please email me at .
I heard Brigade has issues with ceiling heights, is it going to be same with lakefront?
Cheers
The so called lake is more of a pond! As per the records the size may be more. However, currently it is too small to call it a lake.
No lake there, its just a dry bed, lakefront is a misnomer. Yes brigade has ceiling issues. the location is excellent, so u end paying more for location , glitter than actual good flats. Howvere a worthwhile investment if it comes up the way promised. BTW does itreally have a public road running through it? The acreage shown is not really theirs, they yet have to acquire a portion of it, it so seems. Additonally have u guys chked out the possibilty of some polluting industry near it, the wikmap does show an iron forge or some such thing beside it. one doesnt want to wake up to toxic fumes! Vrigade metropolis has/had an indane gas bottling station near it and a Bhoruka gases factory behind it. does it still exist. Phew!
The iron plant next to the apartment is already stopped and Brigade has taken over that piece of land. They have there own land and they need not acquire any land for road purposes. No means of pollution because even Graphite India Pvt limited will also be closing in a year or so.
Hello. The forging plant is called omni forging plant. Now that has become a fitness center. There is a public road outside the project too. Most probably the lake will be developed by brigade itself. They are in the process of seeking final plan. In 3 months they will launch it. The prices are yet to be decided. It will be announced only after the launch. You rather dont want to stay next to huge lake and then having mosquitoe problems. This lake is small and neat. Good place to invest. But 99 per sure. They will launch it at 4000 Rs per square foot and above.
will 2 bhk will be avl on launch or its already sole in pre.like in Brigade altamount they are offering only 3 bhk.
What about the purposed ‘public road’ right through the project.. Just like “brigade-millennium”
not a concern?
I just checked reviews for Brigade Metropolis and many ppl are complaining that behind the sheen the facade, there are plumbing issues and poor quality control, with no vitrified tiles, and walls with poor masonry work, etc. Also many are complaining about the layout of apartments with only 70% carpet area, and poor designing of the layout of the flat.Pretty scary when u invest so much. Also am told that the builders are empathetic to the consumers complaints about maintenance. I am not sure these are individual takes or just some teething issues of a so called township.
If it comes up as promised with no changes to the existing communicated plans it will be a worthwhile investment. The prices are sure on the higher side, and even Prestige Parkview is offering less; The main drawback of Prestige Parkview is that it is bang on the main road, with increasing traffic and pollution problems.a propsed mall next door will only add to the noise, lack of privacy and vehicular movement. The plans are good for only a few blocks of flats and ample ventilation will surely be a problem in many apartment blocks. Shantiniketan for all its hype is just a huge apartment complex with no greenery, poor maintenance and is probably a more lower end apartment complex, with too many houses crowded around a central area… This quite common in townships where quality is a usually a handicap.
However, what worries me about all the complexes in that area, is the problem of water supply. Hoodi is a very dry area and Whitefield has its share of water woes. The water table is very low, so even deep bore wells fail to deliver the requisite supply. The second aspect of Brigade lakefront (there is no lake there now!!!!!) is that the plan shows an area of 15.5 acres, but is much lesser. Also there is no commitment to the commencement and the completion of the project and no floor plans communicated. Bangalore has its share of builders whose layout and floor plans are dynamic 😛 over a period of time much to the consumers dismay, so what u see is not what u may get. Also is there any commitment by the builders that those investing upfront will get to have a first choice of flats?
My biggest concern is this :
They are not giving price guarantee. Also, if many people are applying for this pre launch, then it is lottery system !!
We might end up not getting a apartment and be faced with higher prices after 9 months !!
Is there someone on this forum who has booked yet?
Way too expensive for pre launch .If I’m paying 4.5 K / sqft for something yet to be launched, I’d rather pay 4.8 – 5.2k (all inclusive) for something readymade ( Prestige Shantiniketan / Brigade Metropolis etc ) .. In this case nobody knows about plans etc.
Can anyone who has purchased share their experience
Checked recently about Prestige Shantiniketan. Prices too high! For 2bhk, it is almost at 6700 psf (all inclusive) + reg.
They are quoting 4500. Is it reasonable for a complex which can be livable after 3+ years and for that location? What are your thoughts folks?
I think thats way too high. The most inexpensive apartment is 55L + about 15L(Carpark, Tax/Reg, club house etc) will be approx 70L, this for an apartment that one will be able to occupy in 3 years approx. Than that, I see Prestige Shaniniketan is availble for resale(unused) for 60/65L, as a better option.
agree with you.
PSN is also highly priced because of hype from investors/brokers. 2 BHK of 1418sqft is quoted at 95L+Reg+Brokerage. Got this recently from multiple brokers and sellers also.
Hi Harsha, could you pls share the amenities in this project? Does this project offer a group discount?
No group discount offers. Will update amenities list soon.
This move by Brigade is to bring in some cash. They hold our money and give 9.25% interest. This is to an extent okay. What i did not like is they are not talking about any discount to the initial buyers. If that is there…this pre-registration make some sense.
HarshaSagar,
Thanks a lot for sharing use-full information to all.
Could please share your thought on this project.
Thanks
Ganesh
Dear Harsha,
What is the psft price for this project? Also are there any risks in doing this kind of pre-launch registration in general and in particular to this project?
I expressed my interest to Brigade and they are yet to get back to me.
Not sure how they will proceed.
Thanks
Not sure how good this will be, so the far the money deposit offer by Brigade looks really silly!!!
1. Brigade strategy is acting as a financial instituion rather then home developer
2. I do not want to park money just to get 9.25% FD return.
3. Brigade strategy is just to trap customer in FD and get the pulse of the response for this in advance before deciding on price.
4. If too many people expressed interest now with booking w/o knowing price or allotment, pre-launch price will be higher.
5. From customer prespective, i do not things it help customer in any way who are booking now and booking at pre-lauch. . It just helping builder to get higher price whicj is ok from builder prespective. But not for me from custmoer prespective.
Cheers.
Cheers
Yes Balaram,
your analysis is correct. Let all the buyers wait and take a call.
AK