NCC Ivory Heights @ Mahadevapura
NCC Ivory Heights is a new project by the Nagarjuna Construction Company Limited, the project is located off the ring road between Marathahalli and KR Puram junctions. NCC Ivory Heights offers over 280 apartments spread across 3+ acres. The new project will come up in front of the existing Nagarjuna Maple Heights project.
NCC Ivory Heights Options
- 2 BHK + 2 T – 1196 to 1219 Sft
- 3 BHK + 2 T – 1486 to 1534 Sft
- 3 BHK + 3 T – 1659 to 1908 Sft
- 3 BHK + 3 T + Servant – 2224 to 2326 Sft
NCC Ivory Heights Location
Mahadevapura – Off the Outer Ring Road
NCC Ivory Heights Price
Priced at Rs. 4590/- per sft. Basic price of apartments range between 55 lacs to 1.1 crores.
NCC Ivory Heights Cost Sheet – June 2012
NCC Ivory Heights Concerns
- Be the first to share a concern
NCC Ivory Heights Investment Plus Points
- The project is at a good location. The stretch between Marathahalli and KR Puram Junction has seen a lot of development with numerous Malls,Offices & Restaurants comping up.
- The project has a direct entrance from the ORR
- Proximity to Metro is also a plus, Bangalore Metro phase 2 has two stations : Mahadevapura and Narayanapura, they are expected to be within 1 to 1.5 km from the project location. Interestingly the project is also not too far from the existing Byappanhalli Metro station
I am looking for a 3BHK @Ivory Heights.If anybody is interested to sell, please drop me an email @ can anybody share the landowner’s number?
Guys, this apartment has hell lot of leakages in walls and columns, beams including. Structurally this is worrying residents here. Builder is care less and not taking any of these issues seriously. Risking the buyers and residents safety.
The NCC officials who are point of contacts are quite lethargic, rough and indifferent to issues.
Come and see the leakages for your self.
Hi, I want to buy a flat in Ivory Height. May anyone share land owner phone number.
Can any existing owner comment on the the link and comment posted by new_buyer?
https://www.zippserv.com/rajakaluve-and-lake-encroachment-check-map-bangalore.html#sthash.FWkkfoLJ.dpbs
Checked with my sources in BBMP. Seems like they are going to start demolition drive very soon. Any update on the encroachment by NCC Ivory heights?
Do not buy in any project by NCC. Total cheats. Will just eat up all money, create many hassles & run away…
Could you add details or be specific. I can talk to you if required. I’m going to seal the deal in a couple of days so your inputs are highly valuable.
Don’t go for NCC IH. There is a lake encroachment. Check the revenue map in below link.
http://landrecords.karnataka.gov.in/service3/lakesurvey.aspx
Survey no. 187 is a lake and lake boundary is inside the NCC boundary wall. if you go by 30 mts buffer zone half the building will go away and if 75 mts is applied then whole building will go away.
I am living here and I don’t agree with lake encroachment. NCC is a very builder (6k crore revenue) and certainly won’t touch such litigation properties.
However the unfortunately the quality of this apartment is not up to the mark and builder has stopped fixing issues and remaining amenities related work. More or less ran away. Not sure why are they doing it as its hardly any cost to them. Look at the painting, they only did primer coating and left it. Such a ORR facing apartment and it looks sham inside.
Get to the parking and inside, you just can not say its a 8 month old project. it looks like 15 year old project.
A wise investor should wait and take an informed decision. You got to do some due diligence y talking to people. You cannot expect all real feedback to come here on the website itself.
Tarmac,
Appreciate your inputs. I also thought that NCC being a builder of repute would not do any such thing. But reputation doesn’t guarantee anything. See what happened to Mantri (I guess even bigger builder than NCC). I feel all these builder thought that they can easily get away with such lake encroachment (Which also helped them bring better value to the apartment being on lakeside). They never thought BBMP/NGT can be so tough on the rules. But the demolition happened last year clearly shows that reputation will not going to help them. At the end only residents are going to suffer. The map from Karnataka land record clearly shows that there is a lake encroachment. I am no legal expert on the matter but I haven’t got any convincing answer and documents from NCC on this matter. (I received the document CD from them while I was considering to buy an apartment). So only source of truth right now is the revenue map which shows a lake encroachment and no 30 mtr buffer from lake boundary.
Hi,
I am looking to buy an apartment in NCC Ivory heights. Need inputs in terms of quality of construction, price, amenities, legal clearance, raj kalve etc.
Regards,
Roshni
Builder is not serious in resolving issues. Money collected for high capital equipment like Org Waste Converter, STP, Kids Play ground. But not ready or operational yet. Horrible plumbing errors were found in STP pipings.
Look at the external paint quality , and you can make out how is the quality inside. Go with better builders or wait until this builder resolves all issues.
Hello NCC IH Resident. Thanks for the info. Really appreciate your response. Would it be possible for you to share your no.? I want to talk to you on few other questions I have before I completely rule out this option.
Also if there is any other resident who can share the number please do so. My email id is .
Hi there,
this property is on my list and i have seen it a could of times. One of the apartments has a damp corner at the bottom. maybe because of a STP pipe or some leakage. The builder has promised that it will be fixed but i dont really trust him now..
No smell in the apartment but is there any issue with the garbage converter, to me the paint quality outside looked okay.
but i would like to know the unresolved issues the residents are facing, will be taking a loan so i cant imagine the horror of such a mistake..
Existing residents please drop me your email ID
Has anyone verified the project using this link?
https://www.zippserv.com/rajakaluve-and-lake-encroachment-check-map-bangalore.html#sthash.FWkkfoLJ.dpbs
Going by this there is a big encroachmentt and the front boundary wall, entrance gate, and half of the playground will go away if BBMP takes action (which it will sooner or later)
I am interested in buying a 2 BHK or lower area 3BHK (1486) in NCC Ivory Heights directly from any owner (brokers please excuse).
If anyone interested in selling, please contact me directly at
Noel, really appreciate your courage that you are willing to put your money on this project. Either you are a bogus builder guy or someone who don’t know what to do with his money. Try and make some effort to talk to residnets.
Even date un-resolved issues by NCC are:
1. Leakages in plumbing lines
2. Foul smell and stinky bathrooms for no reason.
3. Unfinished amenities like kids play ground – so even kids are cheated
4. Labor sheds within the premises. So making it a crore rupee slum
5. Pathetically maintained Gym equipment
6. Over aggressive marketing teams
7. Management never wants to meet residents face 2 face..because they don’t have face to show
8. Open flouting of legal rules—in attempting to sell open car parks to victims
8. And many many more….
Be careful please….
Sorry mate, I am a genuine buyer. Can you mail me your contact details to ? I would like to speak to you. I dont know anyone who is staying there right now.
No worries, just go around the building and notice the worst paint quality on the building – top to bottom. You will see patches everywhere and un finsihed primer coating. In all making it look like worst than givt quarters..hahaha. Thats the true index of quality overall.
We should appreciate NCC, that they have not cover up the mess inside by a good painting atleast. And left to bakras to take note if they can.
Hi, just wondering if there is any update post your comments? Any response, action from the builders?
Appreciate your response.
Hello IHprospect,
Did you finally buy anything in IH?
Hello,
I was interested in the property too and one of the apartments shown to me had an issue with the wall being damp and another one smelled really bad. I assume its because of the STP pipes leakages or seeping.
I could see the kids play area was ready but i would like any current resident to confirm on the below.
1. Why is CCTV still not available? – already 70+ families moved in
2. Why is organic waste converted not in place yet?
3. Why is BESCOM connection not available yet? And you are planning to charge random very high charges…?
4. Why is Kids Play ground not made yet? And you have Labor sheds in there instead. Huge security risk.
5. Why is the paint quality so bad….it looks very inferior if you just take round of the building and esp in stair cases and lobbies
6. Why quality OFC internet providers like ACT broadband are not being allowed in complex?
7. Requisite lake buffer zone of 30 mt (which is now 75mt) as per NGT?
Please don’t fall to the trap of PREMIUM apartment trap. Premium is only the price. Rest all is sub-standard & pathetic staff. CRM is companies advocates/goons. Marketing will show the moon during day…
Better invest your money with some good builder.
Hi i planned to buy in ncc green province villa project but after seeing this reviews i need to think can anyone help me what is the exact problem with quality my friends.
Akhil, never buy that. Just drop in to NCC IH complex once and look around the building for paint quality.
You will laugh to say its a premium project. On the D-BLOCK you could see cement wall visible still. Such low quality.
Amenities promised are not completed yet. Garbage dumped every where in the complex. Even basement is not left.
Kids playground is not there so huge risk for kids.
Totally horrible builder…put your hard earned money with Sobha or Prestige
Hi ubuntu thank you for your reply, To be frank i visited yesterday and i had seen D-BLOCK 3+servant tell u frankly i really liked it. Coming to paint quality sorry to tell i am not good in knowing that, Amenities as you told i feel still few are pending i spoke with one marketing person name liju he told they are going to finish in another 3 months of time. Frankly sobha & prestige is not same as 5 years before they have all legal issues like lake problem & u know one of p….. building had collapsed. Hard money cant be invested in such projects & huge delays.
But green province villas was really good i visited that project. I had never seen a villa project with such quality construction. One of my friend stays in maple heights he also bought villa in green province. Even i asked about ivory he told there was few issues happened like plastering rest everything is fine.
Not just quality, builder does/forces lots of illegal stuff on residents. Property is not registered at actual value, plan changes without approval & has been selling open & stilt car parks at a premium price. Residents are threatened by marketing people upon questioning.
!!!Stay away from this builder!!! Highly un-ethical, illegal & land mafia.
Hello..we were evaluating this project. Does this project has requisite lake buffer zone of 30 mt (which is now 75mt) as per NGT? The adjoining area of this project as per revenue map is a lake, please help if some one has already checked this.thanks
If the new guidelines are enforced, this project will be gone.
NCC is not bothered to confirm anything on this. It is left to buyer’s fate.
I am interested to purchase 3BHK – larger apartment ( more than 1700 sq ft). Please call / mail me. Thanks
I am selling my 3bhk flat. If interested then drop me an email at . Thanks
I am looking for a 3BHK in Ivory heights.
Mostly looking in C and D blocks. Can some one help me in this regard.
It would be great, if someone can share me the landowners details,
to
Better stay away for now…. Builder has not done even proprer painting in the building. Only primer or one coat done.
Labor shed has been put in the play area. Looks like amenities will not be completed. So called steam room, AC club house are all hoax. Steam room never works and cannot work the way its made.
Abslutely doe snot care about customer issues. Cleaning of corridors is not happening. No BESCOM till date. Charging random basis.
Builder not helping with getting teh sand quarry moved out. Lot of dust and noise inside and outside the premises.
Not a reliable builder. Residents are trying to put a case on builder for in-complete works.
Dear Mr Kishore,
Please let me know your flat no in Ivory Heights,need to discuss with you on this regards.
surprised to see this review as lots of owners are staying in Ivory Heights and none of them approached us on the above concerns as mentioned by you.
rgds
liju
Liju, Ivory heights residents have formed a group and sent a mail to NCC directors with the details of concerns. We are waiting to see how NCC takes it up. Don’t act like there are no issues. In the past we have seen that one-to-one talk with NCC office staff isn’t helping. So what is the point talking to you now? It is high time you guys take up things seriously.
Liju,
How can you say no body complained. Then why residents resolve to writing a letter directly NCC owners and directors? . For now please clarify these points –
1. Why is CCTV still not available? – already 70+ families moved in
2. Why is organic waste converted not in place yet?
3. Why is BESCOM connection not available yet? And you are planning to charge random very high charges…?
4. Why is Kids Play ground not made yet? And you have Labor sheds in there instead. Huge security risk.
5. Why is the paint quality so bad….it looks very inferior if you just take round of the building and esp in stair cases and lobbies
6. Why quality OFC internet providers like ACT broadband are not being allowed in complex?
7. Why are NCC staff so arrogant in addressing customer issues?
8. Many more…
Please answer. Appreciate it.
Dear resident 2,
Please note that we can reply only for the query posted on our official platform .
Regards
liju
Easy escape. You guys should have been in politics…
Hi, we are looking at buying a flat at Ivory Heights. Came across this forum – just wondering if there is any update on some of these issues? Understand that CCTV, BESCOM, OFC issues have been resolved. Also, Cauvery connection is now available?
Would appreciate your response.
The way you asked Mr.Kishore flat no.He will never get back to you.I think he hasn’t any apartment in Ivory heights……:)
Sorry no offence.
Hi Padma,
I agree with Kishore.I’m owning a flat in NCC ivory hight and regret my decision.It was sold as preimium apartment but it is a sub standard apartment with basic aminities are not good.Quality of construction is very bad.Rooms and there are seepage in many flat. On top of that maintenance is very high with no proper justification.Builder charge randomly and not concerned about customer issues at all.Better to go with other A grade builder for the price you will pay to NCC.
I agree with Atul. The quality is pathetic for the price we paid.
Not even a single wall is straight & has neat surface. It is looks like mud wall with uneven surface & painted.
The security is a big joke in this project.
Has anyone cleared water related problems for NCC Ivory? Check this
https://medium.com/@anjaliagarwalblr/consumers-advised-to-ask-water-related-questions-before-buying-home-2dddd9901e4b#.n8mtpoota
I am planning to sell my 3 BHK (with 2T) – 1486 sqft. I can reduce a little below builder’s price.
Mail me () if interested. Low bowlers & brokers please stay away.
Hi, is this still available?
I am looking for a 3 BHK. My budget is 5200/sqft. Anybody interested to sell please contact me on 9980820570
I looking for 2bhk flat in NCC Ivory Height. Kindly let me know if anyone is interested to sell or share with me the land owners number.
U can reach me on 9886587831.
I have a 2bhk facing road.
Hi,
Can you send me the details.
What is sqft, What is the total price. You can send the details to my email-id
Hi, I m looking for a 2bhk in NCC Ivory Heights. Kindly share with me the Land owner contact details if anybody has.
Regards,
Arun
I want to purchase a 2 bhk or 3bhk (1486 sqft.), can anyone share the land owner’s number or any options for resale?
I’m looking for 2/3 BHK, if anyone is interested to sell; please contact me at
thanks
I am interested in 2 BHK. Please share the landlord number to
I was interested in buying in Ivory Heights. Hearing lot of complaints about the delay, quality of construction and payment issues with builder from people already bought. Builder is not paying any penalty for delay, materials used are cheap, not allowing to do interiors, pushing for payment and registration to buyers, when the project is still under construction.
Did not hear much positive feedback. I’m dropping the idea of buying this.
Hi, i’m looking for 3BHK in NCC Ivory Hieghts and i have visited the site…Could you please share the Land Owner’s no to my email
Hey Srinivas,
Even I am looking to buy a 3BHK, 1486 configuration. Following the thread to get leads/landowner’s number as builder has no availability.
Hi,
I have a 3BHK, which I am ready to resale. it’s main road facing. Please mail me “” if you are interested.
Regards,
Sabita
Hi,
If still your flat is available please reach me on
Thanks,
Srinivas.
I am looking at buying a 3 BHK or 2 BHK. please send me email to
Hi,
I have a 3BHK, which I am ready to resale. it’s main road facing. Please mail me “” if you are interested.
Regards,
Sabita
Hi Sabita, is the flat still available?if yes i am interested. Please reach me with details at
I am planning to buy a 3 BHK in NCC .. builder is quoting 5990/- psf.
Are the agreement issues discussed in the forum below still pending ?
Anything I should be aware of before proceeding?
Existing owners .. it would be great to learn from your experience.
I have purchased from the land owner..you can get it from him for lesser price..let me know if you want his no.
Hi Amit. Could you please share the landlord no.? how much lesser can he give than builder?
Send me ur email id’s , I will send u his phone no.
Hi my email id send me the landlord number
Pls share landlord number and what kind og price he is offering.
HI Amit Please send me the land owner ph no my Mail ID is
Thanks
Amit, Can you please mail the Landowner’s contact details to
Thanks
Interested in a 3BHK. What price is the owner quoting? ontact details please. TIA.
Hi amit, I have also purchased a 3 bhk from landowner. Is there any owners group ? how can i become a member. Can you share your number….it will be nice to keep in touch….thanks
Please share land lords number. Email
Hi Vijay, give me ur phone no..I will call u…
Hi Amit,
Please share me land owner number. Email
Thanks,
Rahul
Hi Vijay,
register urself in https://apartmentadda.com/ivory heights. But the moderator is takes time to approve(approx 2 months). I have requested for the same as per my friend.
HI Amit,
Pl share the Land Owner’s number. My email ID is
kindly share landowners number……
Hi Amit,
Please share land owner’s number. My email is .
It will be great if you share the price you got from him.
Thanks
Sagar
can you please share the landlord number.
Pls share the landlord no. as I am planning to buy a flat in Ivory heights
Hi ,
Please can you send me Lardlords details.
What price is he quoting for SQFT
Thanks
Regards,
Sampath
– Landowner number please
Hi Amit,
Could you please send me the landlord number, I am interested to buy the flat.
Thanks,
Srinivas.
Email:
hi can you give me landlord num
Can you send me the land owner no? I am interested in 3BHK.
Let me know
Hi Amit,
could you please send me the land owner’s number as well.. thanks.
Hi Amit
Please send me the landlord number to my gmail:
Thanks
Amit, could you send landowner’s number.
Amit, could you send landowner’s number to .
I’m seeing many individual potential buyers.. why don’t you people form a group and deal with the owner for a better deal than approaching individually.
I have sent many of them the landowner’s no. get in touch with them and form a group and u might get a better deal.
Guys/Amit,
Could any of you send me the owners number please?
Please send the owner details to me as well
plz provide me land owner number
Amit, Can you please mail the Landowner’s contact details to
Thanks
Please give me owners details on
Hi, Please share landowner’s number. My email –
please share land owner’s number. My email id is
Hi amit, what is your email id. I have posted to get the land owner contact number
Can you please share the contact? My email address
Hi,
Please share landowner’s number. My email –
Hi Amit. Could you please share the landlord Number.My email id is
Please let me also know his number. Can you also tell me the price he is quoting @
Hi Ami,
Please share the landlord’s no with me too.
Hi Amit
Can you please share landowners no. To my email I’d.
Hi Amit.
Can you share the land owners details with me please ( )
Thanks a lot for your help.
Vijay
Hi Amit,
Could you share landowner details on this email
Hey Amit, Can you please share the Land owner’s number with me on this E-mail Id:
I really need 2BHK, as there are no 2BHK Apartments are available from builder side. Thank You.
Hi,
I too purchased from the landowner . Have you got the flat for interior yet? They are saying anytime now.
Krishnadas
Hey Krishna,
Would you kindly share the landowner contact details at
Regards,
Arun
Hi,
We are considering this project, and would like to get some insights from existing owners
1. Quality of construction (from couple of reviews here it seems it is not good but details are missing)
2. Status of Cauvery connection
3. Dump yard next to the society
4. Rate negotiation
Would really appreciate if you one could reply
thanks in advance
The location and the carpet area ratio to SBA is good. Worth checking on a couple of items that I noticed.
– There is a lorry parking area right in font of the apartment. Whether this will be removed once the apartment is completed
– society policy of renting out. If renting is allowed for bachelors, can be a constraint for families to stay in for sometime
– The sound pollution and dust is on the higher side. The road facing apartment will need some additional expense to protect from sound & dust
thanks!
Yeah noise is definitely going to be an issue since it is so close to ORR.
About lorry parking, what i am hearing is that land belongs to bbmp and they plan to construct children’s park but it is going to be a nuisance
Pls share the landlord no. to “” ,as I am planning to buy a 2bhk in Ivory heights
Hi Amit,
Can you please share landowner number to me?
My email –
Hey Amit, Can you please share landowner number. Thanks.
– my email
Hi Amit, could you pls share landowner’s number with me?we are very keen on buying here.Please send me the number at .
please share his no
Hi Amit,
Can you please mail the Landowner’s contact details to
Thanks
Amit,
Could you please share tha land owner ‘s number if feasible at .
Thanks,
Sandeep
Am Saahil ,,, Am Looking to buy your Flat for Immidiate Purchase Kindly Furnish your Flat Details with the visit comfortable day and time so that i can come with my wife to Look
As well Request you to kindly share the Land owners Number for few Clarifications before Proceeding the Purchase
Warm Regards
Saahil
9901898057
Hi I have a 3BHK (1729 SQF), 7th floor in Block B to sell. Let me know if any one interested.
Thanks
Hi Jaydeep,
Could you please share more details about your apartment? what is the floor plan and price you are expecting including registration, tax etc.?
my email is
hi jaydeep.. is the offer still there? what is the price? what is your contact no?
Hi,
I am interested in buying 3BHK.
It would be good if it’s available at lower floors. not beyond 4th floor.
My email id is .
Please share house owner no.
I agree with amr, if there is a group please, let me know would like to enroll myself there.
Regards,
Sabita
Please share the number of land owner. Need to buy a flat.
i am looking for 2BHK in ivory heights. if any one interested in selling, please let me know
I’m looking for 2BHK preferably till 5th floor.
if anyone is interested; please contact me.
thanks
contact me
Friends….if you have hard earned money then better stay away from this builder. Just go look at the quality of construction at the site of this so called uber luxury project Ivory Heights. Horrible work, looooong delays, buyers are worried and frustrated. They absolutely do not have supervision and whole construction is at the mercy of bunch of third party cheap and low quality labours and mestrys…laughable was that they mixed mud earlier instead of Sand and then blamed it on Proj Manager when customers cried. For them customer complaints is like a normal thingy and not really a way of escalation. Terrible cheapos…..but price is no less , probably that’s how they will project being on par with Tier 1 builders…
HI,
are you holding any flat in ivory heights?
Hi Flume
These are some important points you have raised.
I am planning to buy in NCC so would like to know how you came to know about this.
Can you give me more details?
regards,
Prashant
I am planning to book a 3bhk(1728sqft) here. There are only a few units available on the 1st and 18th floors. I have a few concerns.
1) Price. They are quoting 5790/-. Is this a fair price. Should I negotiate? How much?
2) Top floor! Has anyone else booked the top floor? A common concern is that top floors get heated up and have leakage issues in the monsoons. Should this be a concern with such top-notch builders and a Crisil 5 star project? I am more concerned since I shall probably be residing here for a long long time 😛
3) Legal: Did anyone verify that they have approval for G+18? WBN(above) verified that they do. Considering that they have SBI approval should I still be going for a lawyer to get all paperwork checked? Honestly, I have no clue in this regard. It would be nice if someone could suggest a knowledgeable lawyer or guide me on how to find one.
Thanks!
Hi Saurabh,
Answer to your queries..
1. 5790/- is the base price theyare quoting now.. You may negotiate but probably only up to extent of 50/ – to 60/-
2. I dont think leakage will be an issue.. A very basic construction check point and expected to do finejob by builder in this case. Heat may be an issue.. so you have to decide upon this.. (May be A/C will become must..)
3. Lot of buyers have got the legal verification done, they have approval till 18th floor. SBI verification in most cases is sufficient but in case of doubt going extra mile with another lawyer wont hurt..
Hope it clarifies..
Rajan
Hi
Anyone got the same feedback as what Ankit Goel has?
I had talked to the marketing team for Ivory heights. they are quoting 5590 /- as the base price now
I tried looking for the google group but didnt find any.
Prshant
I had talked to the marketing team for 3BHK Ivory heights (2 BHK not available). they are quoting 5690 /- as the base price. Anyone recently booked apt here? what is the per sq.ft rate?
There is a concern about poor quality plastering and also cheaper material being used unlike what promised earlier… like china ones in place of branded tiles and fittings. Buyers are fighting on these issues currently. Builder is responding OK so far in deal with issues…
I am planning to buy a 2 BHK in NCC Ivory Heights.
Please let me know if anyone is selling.
hi,
am also interested in buying – are there still water problems? Is cauvery coming to NCC?
arun
Hi Prashant
did you buy NCC fianlly? am also thinking of buying.
Arun
Recently visited the site as I was interested, could not meet marketing team but met a resident in Maple Heights & got following inputs –
1. Severe water shortage. Total dependence on tankers. Major maintenance cost goes for water. No use of borewell & cavery. Residents have to pay 1k+ extra for water every month.
2. Amenity quality very poor which was installed by NCC. Water softner never worked since beginning. STP needed complete repairs, Lifts & pool is equally in bad condition & requires platinum service contract for repairs.
3. Water harvesting was never done by NCC. Now to make it work residents have to spend several lakhs.
4. There was huge garbage piling up near the gates effecting Ivory sales. So NCC after lot of negotiations with MC & shared expense installed waste converter.
5. In some apartments tiling work was poor & had to be redone.
6. Bad design in balcony, water enters rooms when rain in heavy.
7. There are cracks in some building & boundary walls.
8. Security maintained is very poor but expensive. Several incidences of minor theft & vehicle damages have been reported.
9. There has been incidences of call girls gathering near the NCC gates raising security problems. This is because of absence of adequate lighting near NCC building.
All this is when maintenance is serviced by NCC team.
I have dropped my plans of buying apartment in Ivory Heights that to at this high price.
I think NCC has corrected themselves in this IH project and they have positioned this as much more premium than MH.
In the Sale Agreements itself they have clearly mentioned all the following to be available in IH.
ADDITIONAL FEATURES:
Water Treatment Plant.
Sewage Treatment Plant.
Solar panels for common area Lighting.
Rain Water Harvesting.
Organic Waste Converter.
And reg water availability I agree with you but show me one apt which self sufficient on cauvery or bore well alone in BLR. Reg area around it is bound to grow as its on the bang main road. do you think the open land currently will be left as is for ever? I heard there is a Bagmane tech park and one more NCC venture coming up adjacent.
@naveen: can you explain how they have “positioned” it as much more premium? Just by asking for a premium (read exaggerated) price?
funny.. All these are mandatory requirements from SEIAA for approvals. These are not premium features but mandatory compliance requirements for big projects and high rise buildings.
Looks NCC has started charging too high for this property!
How much is it Ankit?
I have created a google group for the registered owners of NCC ivory heights. Please join all eligible.
Google group – nccivoryheights
Hi Rajan,
Please add me to this group my mail ID is
I have booked C-901 in Ivory Height. Please add me to your group and confirm
hi Rajan
I am intrested in 2 BHK..Could you able to help me?
my mail id is
is this project on schedule – will the DEC 2014 date hold ? and what is the current price for the
We are looking for a flat in ivory heights. On the front side facing ring road, there is trade off that too much noise and dust will be there. How to counter that ? Also, as per vaastu, the flat has all the balconies and windows facing east but door is west facing ? Is it ok ? On the back side, even though door is east facing, there is no scope of sunlight whole day.
I think front is always better..
Surprisingly, ppl rate East facing better even in Apartments although you only sunlight in the late afternoon !!
What’s wrong with west facing apartments whose balconies or windows in the room face East ?
Nothing wrong.. In fact in Flats. as per Vaastu.. East facing balconies / windows is better.. even though door may be west facing.. Whole idea is to get rising sunlight energy to enter house.. In independent houses east facing door makes sense not in apartments..
Is there any google/yahoo group of owners for NCC Ivory heights? I bought a flat there recently and want to join if any. Or I can create one on Google as well. Owners please confirm.
Also any idea about planned renovation of the lake infront of this property?
There is one at appartment adda.Most owners are there.
Well I did join on that, but the same is pending approval from moderator.
Guys.. some requestes were pending on apartment adda and I have just approved them.. Regards, TW
Hi..can you pls approve my request as well, its been pending since sometime.
Me too tried to join, but needs approval from the moderator.Plz brief how to join.
I have created a google group for the registered owners of NCC ivory heights. Please join all eligible.
Google group – nccivoryheights
Please add me to your group, I have booked C-901 in Ivory Height.
please include me in the group.
I have booked A1601.
please add me . moving from singapore in june 16 will rent an appartment first and then may think of buying in ivory hights
what is the current psft rate of this project?
Anyone recently booked apt here.? what is the per sq.ft rate?
5315 /sqft+ floor rise after much negotiation, booked 15 days back.
Hi Nupur,
Which block and floor did you buy.
Also, could you please let us know if you bought it from the builder or a flat owner (or the land owner)?
The comment on landowners selling apartment unit at INR 4,700 is completely false. In general, landowners tend to give a marginal discount as compared to the developer price only if they get a higher down-payment (which in most cases is more than 50%). Why will any landowner discount his valuation of the property?
Those who bought and planning to buy in Ivory heights, you need to aware of the aware of the water situation here:
1) They have only 2 bore wells, god only know how that is sufficient for such a huge complex. Because the neighboring Maple heights borewells are already gone dry and they are fully dependent on tanker.
2) The BWSSB charge which NCC collects does not include Cauvery connection!!! It only for sewage and borewell.
3) NCC majorly cheated Maple heights owners, now they have to apply fresh for the Cauvery connection.
Water is the basic necessity, even before paying your hard earned money please check on this.
Yes, this problem is there in the outer ring road. Most of the apartments face this situation and water tanker guys increase their prices based on their convenience. In few months, charge for one tanker will touch 1000/- as it is 700 already.
Think of this guys, it will be really difficult to maintain your apartment water bodies and swimming pools.
I am a flat owner in Ivory Heights.A few colleagues recently went to see the project.They came back and told me there is huge stinking garbage dump in from of Mapple Heights visitor parking made by the residents themselves and hence my colleagues didnt consider the project.Mind you the maintainance is still in the hands of NCC.I am now repenting why i invested here instead of a Prestige Project.
I am also a flat owner at NCC Ivory Heights. I had a discussion with the developer and they say that it was a temporary issue. My suggestion is to not repent for your investment as getting a Grade A development with direct access on ORR at the pricing of what NCC is giving is very difficult in this market scenario.
what a joke……”Grade A development with direct access on ORR at the pricing of what NCC is giving is very difficult in this market scenario”
BTW whay didn’t u specifiy ur name…
and you know they are quoting 5390 /sqft….which is insane without any completed building and promising in 2015
I think your understanding of my comment went wrong, I said its difficult to find similar comparable properties with access on ORR selling at 5390 per sqft. Most of the Grade A developments on ORR (not Off-ORR) are selling above 5,500 per sqft. Anyways, this is my understanding of the micro-location.
BTW, this is Shail
I know the builder cant be solely blamed for this.The quality of the people who bought Mapple Hights is also suspect as it was sold at a cheaper rate.These sort of problems happen with small builders.Had better expectations from NCC.By the way all projects in ORR cost more or less the same including Nitesh,Prestige etc.If NCC can’t take care of the asthetics of the buildings they won’t be able to sell any more.People paying 5000+ psf at least expect this minimum.
I completely agree to your comment. Customers paying more than 5000 per sqft do expect certain level of maintenance quality. NCC, needs to improve on this front.
I had booked 3BHK @ 4990psqft a month back.Got the agreement and currently going through it.Though I havent observed anything,I would like to know whether any one has noticed any specific clause in the agreement which we need to worry about. I also see NCC Ivory heights Communities at apartmentadda and commonfloor. Any suggestions on which group is used by maximum people? or which group should I join ? Thanks in advance !
I have some Land owners share flats in NCC Ivory Heights he is ready to give rs 4700 per sf where Builder is quoting 5390 per sg ft around 15 to 20 lacs you are saving any body wated please refer 9686482411 or
Hi,
I am interested in a 2 BHK apartment in NCC Ivory Heights.Pls let me know whether there is availability at Rs 4700 that you mentioned.
I wud also like to know the following –
Cavery water connection in the area?
Construction quality?
Any issues with construction timing and amenities provided by the builder?
Any tricky clause with the agreement?
Thks
vaibhav you are asking broker all these questions….i m sure he will say cauvery water is coming…
constrution is superb
world class amenities
no trick sir…….you are saving 15 L rs
Hi,
Their taxes work out to 7.5% of the total cost (including car parking and water & power charges). Is this so high for all projects? Do all projects charge taxes on car parking and water & power? Did someone discuss this with NCC?
Taxes will include VAT at 4% of indicative cost (which i think should include basic + car park) and service tax at 10.33 (or 12.xx% ?) of 25% of cost (which should include only the basic cost in my opinion but there is no clarity on the same, NCC seems to include car park + BESOM/BWSSB deposits as well to compute this). I think it works out to be about 7.5%. I think this is okay except for the calculation of indicative costs for purpose of ST calc.
what is the current basic cost of ncc ?
4990
price shown on indiahomes is 5190. Has it gone up?
Yes. They increased it recently to 5190.
Saw price of 5390 per sq. ft… Did it go up again?
Hi Gp,
Before looking at this site, i looked at this project and also talked to builder’s sales person on site. He did inform me about the 7.5% transfer fee too. His opinion, which i do partially agree, is that this fees keeps investors out as they can not sell it without having to pay this huge fees. So basically investors do not invest in the project and only the real buyers will do that. Overall i like the concept but not sure if it works well. I feel they should rather put it like before selling, registration is must. That is as good as anything but does not put clause of time limit (like 3 years). I will check like upto what time frame is this locking.
Overall, i too liked the project mainly due to open space it is offering, especially a play ground (though it may not be big). I have seen all builders around in bangalore (including that of Prestige and Shoba) they have stopped leaving sizeable open space as playgrounds which i feel is very important to have.
Hi RBM,
U r forgetting about Prestige Shantiniketan.
Apart from 10 acre central park+ clubhouse area, a new 5 acre football, cricket ground has come up inside it.
U should visit the place once to actually see that you cannot get an open area this big in any of the project in bangalore.
Whats the current psft rate at Prestige SN?
GD,
I agree about Shantiniketan (probably the best project around the area in terms of masterplan, easily beats even the Brigade Metropolis) and must tell that for months i tried getting a flat there.
However, the problem is that all investors asking for upto 50% money in cash!
Thats not possible if one is going for loan.
I have booked the 1486sq.feet flat in NCC. I did a calculation of actual area of each room and found the carpet area to be 78% which is the same quoted by the builder.
At what rate did you buy at?
hi all,
Anybody, who has booked the apartment, please join the owners group on http://apartmentadda.com, to fight for removal of non-standard clauses in the agreement.
Anybody, who is planning to book, go through the agreement, before paying any amount.
Fight for changing transfer fee and additional construction clauses.
Gp,
Did the builder accept to change the locking period of 3 years before which the project can’t be sold? The “after completion” clause with the assignment is unque due to which the owners can’t sell their flats with assignment also before completion.
No,
The builder is not willing to. But since this fact came to many of us in the agreement phase, it was a difficult call. All of us had searched around for months to choose a project and paid the booking amount i.e 20 %.
I feel if we knew about this huge clause from the beginning then we may have thought again. Cancelling this may be a way out, but in this process we have lost the time. The apartments we had short-listed may not be there any more.
PS: The builder feels that it is not something worthy enough to be highlighted during booking, even though it is unique to NCC. 🙂
I would like to add a few obeservations as I am looking for a resale in the Mapple Heights Phase 2 project.
(i) The two flats I saw are in a very bad shape with damp walls.I could not make out how they could have damp walls in just a years time of possession. Both the flats were unoccupied since pocession .Speaks volumes about the build quaity of Nagarjuna.The floor height is also below nom and is 8-8.5 ft.
(ii) The association is already in shambles with the swmming pool non-functional.It seems most of the owners are not ready to pay more than 2.25 Rs per Sq ft.So,basically Nagarjuna could’nt create the right set of processes for the association.You will never see this kind of things in Prestige ot Sobha.I just wonder why should we pay 90 lac-1 crore for a 3BKH if we have cheapsakes in the association who wants to save Rs500 per month maintenance.
(iii) I hope Ivory Heights will have a better association but bad assocation cuture is also contageous.
This is shocking as even smaller associations are also able to maintain swimming pools.The running expense is the cost of chlorine which might be approx Rs1000 per day.If 400 families are not able to bear the cost of Rs30000 for the pool,it is a cause for concern.
The price of this project is similar to Prestige Shantineketan but seems the amenities are in very bad shape.May like me had thought tha we are booking a luxury apartment but turns out thar Mapple height phase 2 has turned up to be a budget apartment.I am having second thought about my booking in Ivory Hieghts now.
Lot of leading developers now have the clause that they can construct additional floors. Typically they have not done it as they need to do BBMP/BDA approval again.
Builders keep the additional construction clause, but hardly use it. i guess that’s the reason they agreed to change the same without much negotiation.
However, the “assignment” clause with 7.5% transfer fee and “after completion” is something not so fair. However given their track record of finishing projects on time, the money would be locked up to march 2015, which is about 2.5 years from now.
So if you are willing to take this risk, the project may be worth it.
Has anyone got a loan for the project.Seems no bank has approved the project yet? Has anyone got loan approval individually for the project?
Project is approved by SBI now.
Update:It is now preapproved by Axis,Hdfc,Sbi and Kotak mahindra.
Hi has anyone got there agreements verified by a lawyer. In the Agreement for construction(Page12,w) it says developer has the right to construct on the common terrace. Does anyone has a clue what does this mean?
Please let me know if there is a owners google group fo Ivory Heights, would like to join the same.
I recently booked at Ivory Heights.I am yet to get my Agreement copy.The manager was quite vocal is saying that there is no need to do any lawyer verfication as they have a pucca agreement without any pitfalls.But,from what you are saying this is quite shocking.See in none of the documents they have shared with me till now, they have not give the undivided share of land.I checked their BBMP approval.It is till 18th Floor.So,If they wish they can increase the floor further with a new plan sanction and the existing flat owners will have nothing to say based on the point you have put forward. I think it is important to get this clarified from the Marketing team.I guess you will have to contact the Manager directly as the site guy Rajsekhar doese’nt know anything(doesen’t know how VAT is calcuated etc) nor does he want to work(did not send me details I requested via email initially).I will also get this clarifies from my end and update it here.
For those of you who have already booked their apartments you could join apartment adda.com nagarjuna ivory heights forum
I have booked one recently and sent a request to join apartment adda.com. Its still pending approval from Admin.
I am signing the agreement this weekend. Is there any clause, I should be considering to change?
Hi..I have also booked a flat..My request to join apartment Adda is still pending. Any idea..what is the going rate now?
Hi Atul,
If you recently booked a flat, I would like to talk to you about the agreement and statutory charges. If you do not mind, can you email me at and we can talk about it personally. Thanks.
what /sqft you book at sarika ?
I booked at 4990/sft. I am really worried about the statutory charges they are charging. Its exorbitant. Has anyone been able to get down the statutory charges for it or you just paid what the builder asked for?
It is confirmed that this condition is there.I am seriously considering cancelling the project.It is not worth it with this kind of conditions.In a few years time each flat will be more than a few crore.Then the builders will again construct some floors and sell them ,whereby the undivided share of land will reduce.It will also spoil my peace of mind.They also seem to be adamant not to change anything in the agreement.So,much for CRISIL 5 rating.
Once the registration of the flat is done there cannot be any change in the undivided share of land as that is the final document.
I checked with a frined who has aready taken.It is more than explicitly stated that they can construct anything including penthouse on the terrace and the flat owners will have no objection..First of all this project is 18 floors.They may even increase the floors later.The undivided share is much smaller compare to soulspace.Soulspace is a much better project in every aspct.This is no doubt a legally defective project and will create heartburn for the flat owners for the years to come. Avoid it,unless they change the agreement.
It is a well known fact that the undivided land may be higher in soulspace. But they have more building with lesser floors (7). So that leave you very little open space. Check the site map. As somebody else also pointed out that in Ivory heights there are are only 16 flats at the ground level. So more open/un-constructed space.
Another thing that didn’t go down too well with me was their floor plan, their 2nd bedroom didn’t have any view, except for other block wall. I would have lived if that was the guest BR.
They were also charging higher for all other charges (parking + clubhouse). You have no choice but to go for 2 parking @ 3 lacs. NCC was giving 1 for 2.5.
To give you an idea … I got a lower quote for the per square feet rate with some hard bargaining in soulspace arista, but still went ahead and booked NCC. Much better value i feel. The floor plans also looked better (subjective). And i got a terrace too !!!
I am yet to sign the agreement though. I getting a legal verification done independently and waiting on the results.
Both the projects have their pros and cons, Soul space arista is at a slightly happening location than NCC, and also it has a indoor badminton court whereas NCC has outdoor badminton court, which will not be a great amenity considering the wind velocity in bangalore. Infact my friend who booked in NCC is looking to negotiate with the builder to convert it to tennis court. It is also surprising to know, that you got a lower quote per sft in SS arista than NCC, as now they are selling at 4850 compared to 4590 of NCC, SSA attribute this difference to the better specifications and location land cost. I do agree that the charges imposed for car parking is more in SSA compared to NCC as the parking space is significantly larger in SSA which is 10*20 sft, where you can easily park a Car and couple of 2 wheelers. I did contemplated a lot between SSA and NCC, before going ahead with booking in SSA.
Raju,
NCC project has a lot of nuisance value in terms of a non – standard agreement.The management is highly unprofessional and has spoilt the mood of most of the owners by now with mismanagement of the agreement issue. Most of the owners have not yet signed and Each one is trying to bargain with the builder to change clauses as the clauses are highly unfair.Already some people have cancelled.I will request prospective buyers to be cautious while dealing with this builder.Dont expect a Sobha or a Prestige here though they might be charging the same price.
I said hard bargaining 🙂
The quotes that you told are the ones on paper. I got lower than the official from both. But SS was more willing to negotiate. I was looking at a 3 BHK. That may be one of the reason.
Hi gp,
Any updates on the legal verification?
Has anybody else done this? I have a feeling increasing the no fo floors may not be easy beause of HAL airport nearby.
Btw I think this will be the tallest building on ORR-Marathalli
Regards
Buglee,
Project has major issue with hidden clauses in agreement.Builder is also selectively changing it from customer to customer based on negotiation power.This is a high risk project as there is a lockin of 3 years for the project.
I did get the time to go after a proper leagl verification, but I am touch with people who are doing it. I feel that the papers might be clear.
It is the agreement which is unprofessional.
First of this clauses of modification and addition to the property are there in all reputed builder’s agreement. I found in one agreement by DLF (BG road). These builders play safe and include these clause since the plan keeps changing till possession, and people should be aware of this risk. It is there with all builders. Though this may not be possible due to legal clearance from BDA/BBMP.
I am not sure whether this clause is valid after possession and registration. They should not be able to alter the building after they hand it over to the buyer’s. At least that is what i feel.
To give an eg. people who booked the apartment (ivory heights) in in Feb at 4390 did not really know what would be the final plan and had even more uncertainity.
Same with DLF, it was initially for S+4 later changed to S+17.
I have also heard that the project has transfer fee(assignment) of 5 % for sale any time even after possession.It is not there even in Nitesh or Sobha.Still you feel this is a good project?
I have also heard that the builder is not informing the buyers of this clause during booking and misleading them.Most of them saw this during agreement by when they are trapped by paying 20%
has anyone booked ivory heights in the past few days and if so, what was the price?
It was 4590 till last week (25th July)
Has anybody done a legal verification for this project (NCC Ivory heights) ?
I have paid the booking amount and now wish to do some legal verification.
I called up a famous lawyer “Jerome D’souza & Associates, Brigade Road”. He told me that, he hasn’t done that so it will take time for him. So he suggested to go to a lawyer who has already done the verification, so that it is quicker and cheaper.
Can anybody suggest me lawyer ? What was the outcome if any ?
On NCC Ivory Heights my opinion –
1. Better location, good approach, 280 flats in 3 acres look more but remember there are 18 floors so it’s only 16 flats in 3 acres. This is lot of open area in my opinion. Also the open area calculation doesn’t include clubhouse whose roof has the swimming pool – this would look like an open area to anyone staying at higher than 3rd floor. The carpet area according to my calculation comes close to 78% and there is some unaccounted areas which could make it 80%. This is higher than Purva MidTown where it is 67% in my opinion.
Did anyone has done e-stamping of agreement?Just wanted to know if it is done by builder or we have to go and do it ourself.
Page 7 of 11 in the agreement for sale mentions that “the purchaser shall get the sale deed registered of the schedule B property within 90 days from the date of receipt of intimation from the vendors(developer) to do so failing which the purchaser shall be liable to pay a penal fee of rs10000/- per month till actual date of registration”.
so i guess we need to get the registration done.
Can someone please share his/her views about what should be the preferred side for good ventilation/light.
Thanks,
Sahil
If you look at the plan carefully, you will get open space of at least 50 feet on each side. I guess front side (east) and right (south) side have advantage of not being proximity of any building which will give you plenty of sunlight.
i feel front(east) may be better. you’ll get direct early morning sunlight as well as good ventilation.
What about the noise coming from ORR?
Thats the tradeoff.. i beleive that our brain adjusts itself to the noise levels in a short span of time:) . However the front blocks should be available also to make that choice ..;)
hi
does anyone know more about the amenities. i got the info that its only 1 tennis court and 1 very tiny pool.
Also ,y the rates less compared to shobha classic ,which i find is 6000+ psft.
cheers
SB
you can refer to
http://www.nccurban.com/html/ivory_heights_amenities.htm
Did anyone sign agreement for NCC ivory height?
I guess there is a bit of delay as one of the (5) land owners is abroad. Even i have been following up with the builder for the same – even the loan approval process from the banks/hfc’s are pending as the land owner is not available to sign the sharing agreeement. Bit of a let down by NCC though construction seems to be on at the site.
I talked builder today about agreement and got assurence that by next week agreement will be done though not sure how much true it is?
I got call from builder to sign/collect the agreement
Have you signed agreement?
not yet. going through the agreement.
Has anyone completed agreement?
Hi,
Can somebody tell if they have signed the agrrement?
I looked at both the projects NCC Ivory Heights as well as Souls Space Arista & their cost sheet …Can Any one comment as to Which one scores the highest from an investment perspective 3-4 years dwn the lane since both the builders are known for their class ?
I feel investment in both should grow equally as both are at a good location and both builders are good.
From the location point of view, Soul Space Arista definately has an edge as the area close to it has seen significant development in the last year or so, with total mall and huge grand mall with in 75 meters, also it is more close to EMC2, World baghmane tech park. and from Connectivity point of view, Both NCC and Soul Space are at very good locations!!! One thing which might or might not contribute to appreciation is the presence of Commercial space before Soul Space, becoz of this though it is on the ORR, it is away from all the noice and Pollution!!. and From builder point of view, again both are equally good!!…as both constructed very large constructions in the past. Considering all this I have gone for Soul Space Arista, buyers of NCC may differ but there is very little to choose from. One point which may help you to decide would be that while NCC is developed in 3+ acres land with 280+ apartments, SSA is getting developed in 2+ acres with only 135 apartments. also possession of SSA is about 6-8 months earlier as some one said than NCC. Having said all these I think, tough to choose between them but I choose SSA as it has more % carper area and more flexible payment schedule than NCC!!
After reviewing both the options..I went ahead and booked Soul Space Arista.
Hey Abhay,
Do you have the price sheet for soul space arista?
I believe price/sft got revised recently, you better contact the sales guys directly, the phone no’s are mentioned in their website/e-brochure.
HI,
Do anyone know if this project is approved for Home loan by SBI?
I think the bank approvals are under process..
Anyone has idea whats the kind of rent we may get at completion in this project? Project is just on the ring road.. what about noise?
After 2 years i.e at the time of possesion, dont be surprised if you get 28,000 for a 2bhk and 36,000 for a 3bhk in this apartment as in Maple heights, a 2bhk is going for 22000 rupees now.
that looks good. What do you feel abt noise of the road Raju?
You cannot avoid noice, however you can reduce it by taking flats which have their balconies away from ORR!!!….but you should understand that it has good potential for appreciation as it is on ORR!!!…..However it would have been very good had the apartment was behind a structure than being on the ORR.
you are right.. but there are some pluses of apartment facing the road..i e ventilation and sunlight..
I visited the site and am thinking of purchasing it. but as per cost sheet for 1713 sq,ft Statutory Charges mentioned as around 6 Lak. I feel it is exorbitant.What does Statutory charges includes. Is that common for other builders as well?.
Good to know you are booking. I was interested 1713 sq ft too and was wondering how statutory charges were derived .
Anyways, If couple of us are interested in booking, will they provide some sort of group discount? Not sure how to approach them with this though. How much were you told the booking amount is? I was told 20% which will be about 18L. Salarpuria magnificia asks for 10L for an 1.2 crore apartment. Wonder why NCC asks for such a huge amount. Is someone aware if this is negotiable? Usually the 18L needs come out of my pocket right? I will be able to get the agreement papers after booking, and only then apply for loan.
Hi Ramnath, Have you booked the flat?. 20% booking amount is definitely very high. I am surprised to know from marketing team that there are only few apts left. For 1713 sq.ft area flats there are only 2 options left. I have my own doubts about it.
I know its marketing strategy. But informing that most of the flats booked with in a few weeks for a serious buyers is not a good strategy.
And also they informed that swimming pool is coming on the terrace of club house?. From long term perspective does it impact the club structure??.
I have not booked it yet. We are thinking of asking if he can negotiate further which does look bleak though. As Saurav said, there is water problem in that area, but that holds good for most parts of east bangalore including tin-factory, kasturi nagar, kaggadasapura etc..(I weighing this project against purvanakara which has 10 floors compared to this project which has 18 floors.) Also as Raju said, the area of the project is 3 acres, which will make it crowded. The swimming pool on the club house sounds fancy but just like you I have wondered if there will seepage and other problems in the future. @Saurav, I too calculated the area as per specs given and found just 67 odd efficiency for one of the 3hks. The rest of 1/3rd of the SUB is not accounted for – or atleast I was not able to reason it.
Yeah it does look like they play this strategy. They are most likely trying to release the apartments for sale in parts. They might release more after few months with a higher price. If I am not wrong they will decide the price and the number as per demand and the then value in that area…right..
I will post more information after I talk to them over this weekend. Thank you for the information on the number of 1713 sq ft. They asking us to hurry up 🙂
Where did you guys met the marketing person, is it on the site or their office.From their office they are during booking you need to pay 15%.
I met the marketing personfor the second time in person at maple hieghts (behind the actual proposed ivory hieghts)
@Abhay, he showed the booking sheet. There were 5 to 6 1713 apartments. I’ve noted them all down. The thing is most are on the floors after 13th. Half the apartments out of 280 belong to land owner. Out of the remaining 140 owned by NCC, 70 are already sold out. So the remaining 70 I think is mostly high-priced ones (2000 sq ft and odd) along with the affordables ones on really top floors. I wanted something on 4th floor for 1713 or 1659 but that is not available.
They are telling the same to me also. I don’t know how 70 apartments got sold out so soon when the project is just launched and the banks have not yet approved it. I called up HDFC Bank and they said approval is under process.
Though project is just launched – as they got approvals only in May end, pre launch offer started in Feb. I have booked at the same time and will be signing the agreement soon. I booked 1713 sq.feet on the 8th floor.
@Kiran How much % you paid on booking and how much you have to pay on agreement. What was the rate in Feb???
@Kiran. How about legal clearance from different authority? Which banks have already approved the project?
I have paid 15%.. need to pay another 5% before agreement. Pre launch offer was at 4390.
We visited Maple Hieghts phase 2, behind the ivory hieghts project. They seem to be good.
Ivory hieghts seems be priced pretty higher though. The builder asked for 20% right away to book which seems to way too high. Is it generally the norm? I wish they reduce the per sqft rate a bit too. If you see the cost sheet and layout plan, 1/3rd of super built up area is carpet area, but they still put car parking extra.
The only other class A builder I know in that area is puravankara midtown on old madras road which is priced competitvely, though the problem there is ‘open space vs building’ ratio is 65-35(I heard the norm is 70-30?). They seriously have space constraint and access road problems.
Torn between these two projects. Not sure how big a builder is NCC compared to puravankara.
Your inputs is greatly appreciated.
If I am not wrong, the floor plan shows that the carpet area is about 78% of SUB which is really good compared to other builders I have visited. I agree that price is bit on higher side. Considering the completion date, I found that Maple Heights was completed as per schedule. Purva is known to delay its projects.
I don’t think Carpet area is not 78% of SUB , I just added the size/dimensions of their 1453 sq ft flat and it is coming out to be 68%. Also there is water problem in that area. Otherwise the project is good.
i) Paying 20% right away is definately not the norm, generally builders ask for 5 or at max 10 Lakhs as the booking advance, and ask us to pay 20% after the legal check is done and before the agreement of sale is made. ii) Coming to SBUA/CA is considered, if you see their brochure it shows that the ratio is around 78-80%, which is really good, as you will comeacross reputed builders who sell flats with ratio of less than 75%. iii) Coming to how big a builder NCC is????…..So called Purva,Shobha,Prestige, Mantri, Embassy,Brigade builders are not actually builders, they are only developers of the project, they outsource contruction activity to reputed firms like B L Kashyap, Nagarjuna, Shapoorji paloonji, ECC and KNK etc….So if construction experience is considered, I do not think so Purva comes anywhere near Nagarjuna i.e NCC Urban. For your Information, I have booked a apartment in Soul Space Arista adjacent to Total Mall on Outer ring road, which is also on the same outer ring road hardly 1.5 kms from Ivory heights, I think/hope this will be a good investment….Hope this helps…You can also check that aprt out!!
Hi Raju,
As suggested by you I checked out Soul Space Arista. I felt its a good investment option. Marketing person mentioned that the total project area is 3 acres;Does it includes commercial place also?. And also they are also not clear about amenities they are providing. Its not mentioned in their websites as well.
Yes, commercial space is included in the total area, also you find the amenities they are providing under specification info, they are infact providing many luxury amenities. Soul Space is a Subsidary of BL Kashyap construction which must have constructed hell lot of buildings!!…Also the location is very good!!
Raju,
Looked at the Soul Space Cost sheet for the Wing 1A.. 1300 S@ feet is costing around 70 Lacs. This does not includes the, Stamp Duty , Registration , VAT & Service Tax. Its also does not Include the ‘other charges’ which has to be paid with possession installments. We understand that in terms of location, connectivity & proposed Metro station at dodanekundi, it edges NCC. B L Kashyap , a reputed construction company with its first own residential footprint would be a good investment but its an extra burden on the pocket compared to NCC which is 200/Sq foot less( also the cons of 20 % booking Amount & the concerns in Built up areas which has already been discussed in the thread ).. A tough call 😉
Total cost of the flat including everything should not go beyond 74lks for a 1302sft flat in Soul Space Arista. I agree that it is on the higher side but as you said from location (2 malls with in 100mts distance, software companies), connectivity(Proposed metro project), builder reputation and %carper area of around 79, makes it a good buy!!….Also the possession is around 6 months before NCC Ivory heights I believe!!..However I am not comparing it with NCC..as both has its pros and cons!!
Oops..was a typo. Corrected it and have attached the entire cost sheet now.
When is the expected completion of the project, is it in the prelaunch stage???…Also 280+ flats in 3+ acres seem bit crowded, can you give me some info about the sizes of club house, children play area, health club etc…
On several other websites, I see quoted price as 4590/- per sft. The review says 4950. Is it typo or recent change in price?
BTW, Project seems good. Anyone there who already booked it? What’s about project approval from various authority and banks?