2026 Update: Bhartiya City Has Grown Far Beyond This Original 2012 Post
The original coverage below is from 2012, when Bhartiya City had just opened bookings for its first Nikoo Homes phase. Since then the township has expanded considerably — pricing, phase count and amenities below are all out of date. Here’s where things actually stand as of August 2026:
- Now on Nikoo Homes Phase 8 (“Bhartiya Garden Enclave”), at Bellahalli on Thanisandra Main Road — part of the same 125-acre township, roughly 500 units across 6 towers on 11.35 acres, currently at EOI/pre-launch stage.
- RERA: registered under PRM/KA/RERA/1251/309/PR/070526/008628 — verify current status on the Karnataka RERA portal before booking, as pre-launch details can shift.
- Current pricing is nowhere near the 2012 figures below. Nikoo Homes 8 listings show 1–4 BHK units from roughly 93 lakh up to 2.9 crore (703–2,228 sq ft), reflecting both years of appreciation and larger/premium unit formats than the original phase.
- Track record: the township now houses 6,600+ families across its earlier Nikoo Homes phases (2 through 7), which is the more useful signal on execution risk than the “still in planning” concern raised in the original 2012 post below.
Treat the pricing and phase information below this line as historical context from the original 2012 launch, not current figures.
Bhartiya City @ Thanisandra Road
Bhartiya City an integrated township spread across 125 acres has opened the booking for their residential apartments called NIKOO homes. The integrated township will host a high end hotel, hospital, school, entertainment & shopping facilities apart from offices.
Bhartiya City Options (2012 launch)
- 1 BHK
- 2 BHK
- 3 BHK
Bhartiya City Location
On Thanisandra Main Road, near Sobha City.
Key Distances
- MANYATA Tech park – 4 km
- Hebbal Fly Over – 8 km
- MG Road – 13.5 km
- City Railway station – 18 km
- International Airport – 23 km
Bhartiya City Price (2012 launch price — see update above for current pricing)
- 1 BHK – 29 Lakh
- 2 BHK – 39 Lakh to 47 Lakh
- 3 BHK – 64 Lakh
Bhartiya City Investment Plus Points (2012)
- Thanisandra Road is fast developing with a large number of residential projects being launched in that area.
- Integrated townships are a good investment, the township will also host an SEZ offering about 3.7 million sft office space
- Basic Price looks good
Bhartiya City Concerns (2012 — largely resolved; see 2026 update above)
- The project is in planning for about 2 years now
- Being a large project the project execution would be a challenge and one can expect delays in completion of the residential units
Hi,
Is the price of 3bhk got increased by 100/sqft?
Views & facts are welcome!!!!!!!!!
Price of all types of flats are increased by rs 100.
Any idea when the cheque will be deposited and the booking confirmed?
Here is the entire story of my booking (?)
4th Nov 2012
———————–
I visited the BC site on 4th Nov 2012 and was attended by a channel partner representative (CPR). I was interested in 2.5 BHK but after looking at all the model flats, my wife was interested in 3 BHK. I asked the CPR to show me the list of available apartments of 3BHK. He called a BR Sales Executive (BRSE) and BRSE told me that there is no 3 BHK available. The CPR was very nice and polite but BRSEs were very rude and impolite. The BRSE hardly spent 20 secs with us and that too, he got 2 calls in between and he sent 1 SMS during our 20-30 secs interaction. However, CPR told us that he will try to get the availability of 3 BHK from head office and give us a call. We came back from the Site.
5th Nov 2012
————————-
The BCR called me at around 12:00 Noon and told me that he has got 1 3BHK flat availability and I can book it immediately. As I was in office and was not carrying my chq book. I asked him to come home (near Hebbal) at 6:00PM and collect the cheque. He told me that he has to submit the cheque latest by 6:00PM otherwise the flat will not be available. So I decided to reach home early and asked him to come at 5:30PM. However, those who are aware of Hebbal area would know that it was raining very heavily on Monday evening and the CPR got stuck in rain and finally reached my home at 7:30PM. I told me that I can give the cheque and he will give the check and the Letter of Interest (LoI) to BRSE, who stays near BEL circle (about 4 kms from house) at his house. After some small discussions and Tea, I gave him a cheque of INR 400,000, a Photo and the copy of my PAN Card. Also, signed the LoI. The BCR gave all these documents to BRSE at about 9:00PM. Till now, the price was INR 3870/- psqft. I was happy and tense.
6th Nov 2012
————————-
I went to my bank, prematurely closed my fixed deposits to arrange the 400,000 fund in my account. Though I lost about INR 21390/- on interest for prematurely closing my fixed deposits but that was OK with me. I arranged 400,000/- in my bank at 11:00AM.
At 11:30AM, I got a call from the BRSE that the they can not process my application as the price has gone up by INR 100/- psqft (total 3970/- psqft) and if I am OK with the new price, they can go ahead otherwise I can collect the cheque back from them. It came as a rude shock to me. I asked for the reason, and he told me that I should have given the cheque before 05:30PM on 5th Nov and now the price is increased and system can not process at the previous price. I thought about it, and called him back at around 12:00 noon and confirmed that I was OK with the new price. He told me that he will process my application at the new price. He told me that at this new price, if I want, he can give me an option of another apartment with better view (in tower 7). I was particular about 4th floor because of following reasons –
1. This is the top most floor at the base price (without paying for the floor rise price)
2. It will have a decent view (I am not comparing the view from 22nd or 25th floor)
3. In the rarest of rare cases, if elevator is not working, I can take the steps to climb 4 floors
4. I dont always have to wait for Elevator while coming down as its very easy to use stairs to come down from 4th floor.
Finally I went thru the tower planning again and sent my preferred apartment number by SMS to BRSE. Then I called him after sometime and he told me that he will block the apartment for me. Till evening, I was waiting for his confirmation but did not receive any call.
7th Nov 2012
————————–
Sent an SMS to BRSE at around 8:30AM to check the status but he neither replied my SMS or called me back. Then I called the CPR and he told me that he will check the status and get back to me. The CPR called me back at around 11:00AM and told me that the 3BHK booking in Tower 7 is not yet released and the BRSE will block the flat as soon as the booking is released.
Final Summary
———————-
1. I booked the apartment assuming the price at INR 3870/-
2. Agreed to pay INR 100/- extra without any fault from my side
3. Still have no confirmation on my booking status
4. In case my booking does not go thru, My financial loss will be INR 21390/- for prematurely closing the fixed deposits.
Final Question – DO WE NEED TO PAY A PRICE TO TRUST SOMEONE?
Regards
Manoj
Soon you will be happy, as i’m already seeing some comments about price rise.
Price may go up another 100psqft in few days. And that’s a profit of more than a lakh (at least virtually)
so sad really, U took decision in hurry.
Don’t runaway behind that. They will come to u.
And never show to interest to them, they wil play with u.
And don’t use your savings for just booking for pre launched offer.
Gentlemen, it is not a preluanch offer. As per them they have launched it with advertisements. Education all goes for a ride (thel lene gaya, please take it lightly) when people here the word prelaunch, no matter even if it is not worth. And one has to apply just common sense, when they say that two towers of the 4 towers of phase-I are fully booked and they have raised the price by 100 again, how can you call it prelaunch. Just with the name prelaunch people que up like a ration shop. But I must agree that they do show some decency and professionalism by still not raising the rate much despite the hype they could create.
With advertisement they launched on 31 oct. Booking was open from 25 oct. They called it soft launch.
Mr. Manoj why u did FD. U should do MOD.
Then u will not get any penalty. Remmeber and don’t do
Like that. This story hurted me a lot.
Even we have given cheque before knowing which flat we will get, since they told there s no 2bhk flats in any towers. If you give cheque in advance we wil book for u wen new toers opens
@Manoj : Did u get any appartment or still waiting to get one.
Saw somewhere that Nikoo has 2500 apts in 17 acres. If this is right, will it apartment of piegon-holes?
It is correct that 2500 flats in 17 acres.
Sorry man… If 2500 apts. on 17 acre, i.e on 816000 sqft of land, then it is not worth staying in such a place. You will find it very similar to what you get to see at Riviera near Marathalli Bridge. Just imagine how the vehicle movement would be.
Hey dear buyers, i booked a 3bhk 24th floor 8th tower. I am still confused weather i should buy in 4th floor or 24th. I am also afraid that if I change my floor, he might charge extra 🙁
appreciate your experience on this.
Finally now after 1 month, ppl are talking sense and questioning the value, 90+ lac for 3Bhk and that too in Pre-launch offer. Just on a ground of North bangalore keeping Airport as reference, A place which might has potential but still under/un developed, ppl are trying to bet heavy with anticipation of gud return. Something seriously has gone wrong or some magic is going to happen.
There are so many gud and great project with similar aminities withi welldeveoped area and is RTM , but ppl are ignoring it.
A builder who is yet to show his ability, and ppl are rushing for it. Am I missing this Gold rush
Can you please suggest us great projects you are referring above with similar aminities within welldeveoped area?
I am also amused; 90 Lks for 3bhk @Pre Launch. I have never expected this much noise for this project. Seems people are ready to take extra risk and for builder Pre Launch is working in their favor. I am sure project will complete and investors will get appreciation. But at the same time there are many projects from good builder available now in Bangalore so why Bhartiya? Just because of design? or Location?
Yes you are 🙂
I went to Shobha City which is less than 1 km far from BC, on a much smaller area. Though the apartments would be of premium category but their standard category also starts from 4558 psf. Such difference makes me think BC was a cheaper bet even though the horizon may be longer.
The only difference here is Sobha being a reputed developer.
Was checking on some old news and saw that IL&FS have partnered with BC.
IL&FS holds 26 per cent (10000 cr) in Bhartiya Urban while Bhartiya Group promoters has 44 per cent stake in it, Chairman Snehdeep Aggarwal said, adding that the remaining 30 per cent is held by Bhartiya International. (taken from skyscraper city)
Someone in the google group posted that the prices are increased by Rs 100/-.
I live outside India and have always appreciated contemporary and minimalistic designs. Bhartiya Project is very unique in it’s offering. I liked it the moment I stepped into the Discovery Center. The designers have a good taste and have kept the designs very simple and elegant. People with good taste will definitely now what I’m talking about. Lot of the ideas and designs are european inspired. I’ve looked at Presitge sunny side model flats also, which are also very very impressive but both are from two totally different ideologies. Simple, Elegant and minimalistic design vs Rich palatial design. No good or bass anywhere.
Attention to detail has been the key across all the model flats. However, for the study rooms had most of the furniture stolen from IKEA. On this I had a chat with Mr. Fransesco (pardon the spelling) an Italian guy who is looking after the whole interior and furniture design and sourcing. He mentioned they could not get anything fitting for the small study room in Italy so thought of going with IKEA design. The Kitchen and Vanity counters they are offering (for 1.5 lacs included in base price) are imported from Snaidero (from Italy), Doors and fitings are imported too (some honey combed hollow structure). You can also pre-book standard furniture and wardrobes for a flat amount of 5 lacs. Overall a very unique project which should definitely give good returns in future provided it’s executed in time.
And yes I’ve booked myself a 2+Study (Apt. 91007) on 4th Nov and I’m happy.
I agree, there are some things that you instantly fall in love with and for us BC was one such moment. We booked a 3BHK and are happy as well and excited to see the end result.
Datta,
Let me tell you one thing, you go to any model home and will be awestruck. No doubt about it, but what you see there is not what you get. Ofcourse if you want to spend extra, then they will get you the same design and furniture but that will cost you quite a good amount of money. So please dont go by what you see in the model flats.
Horrible…Horrible…Horrible
I booked a 3BHK apartment yesterday and gave a chq for 4 lacs. It was in the evening 8:00PM when the marketing executive collected the chq from my home. Today, I got a call from Bhartiya City that the price is increased by 100/- psft (3970/- instead of 3870/-) and if I want the flat, I have to pay the new price since my chq was not processed yesterday otherwise, I can collect the chq can cancel the booking.
Dont know what to do?
I am a first time buyer and looking at all the comments i could see that this one is good..hence yesterday booked a 2.5 bhk, but still i am a bit confused, should i buy a 2.5 bhk for around 69lks or to go for other builders who can give a 1500 sqft area 3 bhks for about say 55 lks … please suggest pro and cons and your opinion on the risk factor both as an investment and living purpose…which will help me in taking a right decision….
which floor you opted for? Is it East/West facing? I have also booked a 2.5bhk in 6th floor (West facing).
I am also booked 3bhk comes around 78lacs for self living. Now i am also confused whethre to go head for agreement ? Price seems bit higher (78+registartion+legal expenses). I have doubt on additional charges: In the price list they have mentioned Approximate additional charges as 3lacs 91 thousand. Will this vary at the time of possesion means after 3 to 4 years?
Can anyone tell this?
This is tooo too too high price for 3BHK. Forgot any appreciation which can basically offset the interest you will be paying during the construction time. That will be around 16 lakhs for about 43-45 lakhs of loan.
I too purchased 3 bhk flat in it . Altogether it going to cost me almost 90 lakhs , but it’s worth buying it rather than other cheap apartments. It’ s value is going to appreciate very fast .
You got to be kidding me. 90 lakhs for 3 BHK !!!!!!!!!!!!
I am planning to book 2 BHK in this project. Do we know what Tower & floor is open for booking..Also do they have all the required approvals in place?
All 2 bhk are sold out.
I have booked a 2.5 BHK but my cheque is not yet encashed. Does anyone Cheque is encashed? What is the process of Cheque encashed?
Price increased by Rs.100/- per sq ft today.
looks like they have not en cashed the cheques as yet… is there anybody who has got any info about when they will be sending the agreement? did they encashed anybody’s cheque?
Booked a 2.5bhk yesterday in tower 7. To the best of myknowledge 3bhks in tower 7 will be released with a newer higher price. 2 and 2.5bhks are still available at old price in tower 7
congrats! What would be your landed price exclusive of registration in absolute value … just an idea ? Not asking for PSFT.
Thanks Panras!
Its ~59 lakhs excluding registration (booked at Rs.3870/psft)
It looks like you have not taken Service Tax and VAT into consideration. Service Tax + VAT would be approx. 5-6 lakhs for a 2.5 BHK.
Yes, the prices are going to be increased by 150psqft…
One of my friends called Bhartiya city today, price now is 3970 Rs. psft
I booked a 2.5bhk in tower 7 yesterday. As per my knowledge, 3bhk in tower 7 will be released only with the new price. 2and2.5bhks in tower 7 are avalable at old price.
which floor did you booked? As per my info, its open till 6th floor now.
3rd floor. 7th floor was available yesterday.
If they have opened tower 7, does it mean that tower 9 and 8 are fully booked?
Is this a hype being created or actual?
Did any one reply who has booked on floor no. 25 or so in tower 9 or 8?
Some people have booked flats on 24 floor in tower 9.
Tower 7 was open till 12th floor on sunday and today…
Want to book a 2 BHK flat in Nikoo Homes. Best tower and floor to book in bhartiya city for 2 BHK (1096)flat? Suggestions please….
For 2 BHK, you will not get any inside facing apartments. 1098 sqft is the corner ones and in my opinion the best ones as it is open from 3-sides. Currently Tower 8 and 9 are open and in my opinion, Tower 8 or even 9 may be better as you can get some view of the sport courts. 4th to 8th floor will be my preference. I would avoid Tower 10 as it is very near to the security gates and sometimes some un-mannered people keep honking their car when they arrive at the gates which I don’t like. Moreover Tower-10 has clubhouse and other things apart from apartments.
Thanks Nand… I have booked in tower 9, 7th floor. Its number is 90701. I hope its good choice.
*booked.. I meant Expression of intrest for 90701.
To add…till 17th floor the view towards inside will be restricted due to apartments in betn. Hence I believe to have a max view from balcony and bay windows 1098 it is better to go above 19th floor…
x01 series has a bay window which faces the children play area and open space… these series don’t face any of the link apts.
In 23rd Floor If I book a 2BHK or 2BHK + study in Tower 7 what will be my flat facing / what will be the view can u please suggest
rk,
x01 series in tower 7, 8 , 9 would be ideal..
I heard 8 and 9 completely sold, few available in tower 7.. Its a corner flat opened from 3 sides…
http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=611691
Contract with Leela the above link speaks of is “The Company has executed a Memorandum of Understanding and will be shortly executing a Management Contract with Bhartiya City Developers Private Limited, which is constructing a luxury hotel with 250 guest rooms, The Leela Residences and a Convention Centre in Bangalore”
I think its quite possible that apart from residential the ten towers, there would be ultra premium residences also (The Leela Residences)
Another source that details what Leela residences are : http://www.livemint.com/Companies/LgghTdh0yVBJ4LDBgSgnSJ/Leela-group-to-focus-on-hotel-management-luxury-apartments.html
Comments welcome 🙂
Any idea if any more towers or floors are open for booking?
Any change in price?
I believe they will open it later. I think tower 7 will be same rate and tower 10 will be extra price or same price. They would not risk themselves by raising the price. They will not find takers as there are much better options around. Also, may be no more desperate investors. I shall not invest if one rupees is raised. I may take in tower 7 or tower 10, provided I get some discount. If I am desperate, I will not get that discount.
Tower 7 was not opened till 2pm when I did my booking. Tower 9 and 8 are open for booking and almost booked. I booked 1bhk with study on 25th floor in tower 8.
Folks,
First of all i am putting money for inverstment purpose on this.
I just think opposite.
If i booked in pre-launch and project got delayed…my cash outflow will be dealyed and i can manage it thru my own fund. Therefore, it looks attractive to me book pre-launch project rather than buying “ready to move” apartment.
Comment welcome!
You are absoultely right if your investment (payment) only gets delayed. But it seems you have not experienced the real problem for those who seem possession or rent. They will take 80 to 90% based on floor completion and the ultimate finsih never comes, almost 20% of costing is in finish as per me, that they can easily keep in pocket for a long time and work on other towers. Also, your rental income you will be deprived off or you will pay rent for your current home, for a long time, ofcourse this does not matter for those rich who will be keeping the house vacant without renting. Else, you are defintely a looser if the project completion gets delayed after middle stage.
balram mostly project will delayed when you already paid 98% amount and 2 % left.
and most interesting thing untill you wouldn’t pay 98% they will say project on time and when 2% or less amount left which is actually possession time amount then they will tel you wait please project is delayed.
Hi All,
Did any body get any discount than 3870 either in prelaunch or after launch. May be we can group together and try for discount. That will give us good opportunity to know issues as well.
Thats a good idea. I am in for it, on behalf of my cousin.
i talked to Ibrahim, their GM marketing who is attending me for my deal. as per him there is no group discount or anything.
Friends,
Why this Kolaveri? Why this rush? Have you guys calculated out of the pocket cost for the apartment? I’m not here to discourage any one. But in my view those who are buying their first home, they should do a proper check and balance between SBUA, BUA and Carpet area. Look at the prevailing price in the vicinity, then find out the total cost that the apartment will incur at the time of possession.
In my opinion, I’ve seen the final cost for the BUA will be the almost close to what you get in any ready to occupy apartment.
Please do your home work properly before investing in the new project. Don’t rush, because for any new project like this one, it will take 3-4 years (minimum) for you to get the apartment, till then you will end up paying the interest and the rent also.
I’m not a promoter, nor I work on any real estate company. But, I’ve have spent time analysing the trend for quite sometime and my gut feeling says, it is better to move into a ready to occupy apartment than investing on pre-launch for any first time buyers.
Final call is yours. My best wishes for each and every one of you.
Hello guys, the project is very impressive and mesmerising that we have planned to go ahead and book. few qsns regd community
Large Sez space – will there be such a big requirement for commercial space office n leela hotels to take space in thanisandra, can the builder put more apts if the office space does not go for grabs ?
The residential zone is mere 20 acres but looks very promising if done as planned
All the best and keeping fingers crossed 🙂
The residential portion is only 17 acres and not 20 acres. This is as per their sales advisor.
I agree with u , this project is really fascinating , I was about to buy some other apartment almost 35 lakhs lesser price than this one , but after seeing this project , I was really impressed and booked it within one hour . Keep ur finger crossed , hope it’ s really worth.
Hello Friend,
Before buying u think below point then buy.
1. Any prior experience in residential/commercial complex for this comp.
2. Did you know if they get BDA/BBMP approval.
3. Did you check company annual turnover.
If you don’t know above three answer how you putting you money in 100% risk?
your money and your discussion think and think….
1. Largest residential/commercial complex closest to the city, as of I know.
2. A futuristic design (bay windows/sky park), at mostly nominal additional costing, driven mostly by good design by international experts.
3. I heard Prestige/Brigade are in project management, I am yet to verify this. Somebody can also check this and their role.
4. The 25% booking charge he is taking at this stage and despite which he is getting overwhelming booking, shows project is likely to take off, at least financially.
5. So I see that they have management (verify!!!) and finance and good bo. of customers. So if good intentions they should be able to deliver.
6. Not congested area and good opportunity for appreciation as well as good place to live.
Bad
1. It is a mega project by a comparatively smaller company (only 200 crores turn over)
2. The experience of the builder (promoter) is a big NIL.
3. The land agreements are not yet disclosed (if this is done, it should be a great achievement along with finance coming from buyers at 25% booking)
4. The BDA approvals are not yet disclosed.
5. Takers for commercial part is not yet clear (except one 5 star hotel)
6. Penalty clauses in delay is still not clear.
7. The basic price is 15 to 20% high compared to entry builder in that area generally (I can give examples if anyone feels so). Also, all extras given are well charged.
i All,
If any one willing to sale sell their unit please contact me. I am interested to buy 3 or 2.5 or 2 bhk apartment on in BC Nikoo homes. If you bought earlier for investment and willing to sale now please call or mail me
Mob-8792895257
Mail-ajitrjha@gmail.com
Yep, better to take ready-to-move-in apartment if one is looking for living.
Can only smile at this rush. Just plain strange.. 🙂 Btw if delay is > 3 years, then there is no interest benefit on the apartment as per tax laws. Pre launch apartments are very very risky for first time buyers.
Yesterday I had a visit to the Bhartiya City again and came out with the following information from their Sales Advisers:
1. The Residential project will be done in 3 phases. First Phase Tower 7, 8, 9 and 10. Sixth months later Phase-2 which would include Tower 4, 5 and 6 and again six months later Tower 1, 2 and 3. Each Phase will take 36 months from the time of start. That means the entire residential complex will take 4 years to complete if everything goes fine and as planned. Residents of Tower 7,8,9 and 10 will have to live while construction is going on for other towers (for at least one year)
2. Construction of Amenities will start in parallel along with the construction of Towers.
3. As of now 3 months – HDFC, ICICI and Axis Bank have approved the project. Approval with SBI is in process.
4. Club house will be the bottom portion of Tower 10. In tower 10, apartment starts from Floor 4 onward.
5. There will be 3 levels of parking – Lower basement, Upper basement and Stilt.
6. There will be in total 3 helipads in the residential complexes, but in the model building they have shown just one (on tower 10)
7. Time between each payment may vary from 45 to 60 days.
8. Car parking charge is 2,50,000/-.
9. Cancellation charge is 1% of sale value of apartment, if done before agreement. After agreement its 10% of the sale value of apartment.
10. As per the sales adviser, the ratio of the bookings between investor and end users is 50:50.
11. They do not have any brochure ready till now. Only printed floor plans are available with them. They are sharing the Soft copy of the brochure.
12. Prices can be increased at any time. Management is looking for a certain minimum number of bookings before increasing the price.
Comments are welcome.
/Nand
Thanks nand. ( so finally you booked or not ?)
BTW, Better reseach than mine. Good details!
1. If any tower is more than 20 Floors (i.e. more than 60 meter heights), helipad is mandatory as per fire safety norm.
2. As in bhartiya, tower are connected thru skyway, so possible this exemption may be obtained not to have halipad for each tower.
3. Sales advisor (which did my booking) indicated gap between each construction linked payment is 3 months. It look logical as there are 12 steps of construction linked payment so it may come out to be 3 months approx. Not necessary the gap between 2 payment is unform.
Comment welcome
Yes, i booked a 1 bhk with study (934 sqft) mainly for investment purpose.
Hi Nand,
do you have a copy of your agreement? i wanted to take a look for various clauses like delay clause, litigation clause etc, but they said they will only give after the booking. but i didn’t want to take that risk… can you please share your draft agreement? you can strike out various personal information in that.
please call me at 9901382828 and ail me at nimeshchanchani@gmail.com
Hi Nimesh
You must get all docs in below link
https://docs.google.com/folder/d/0B3mP6nUDOsbtYm5QWGQ3WnU5Y2M/edit
Else, just drop a post again
Good luck
Thx NKS…who has prepaired “Issues with BH_agreement.pdf” ? i’m sure its not BH , have you consulted a lawyer?
after reading that document.. one had a feeling that BH had pawned all possible risks in the project to buyers.
hello guys, lot of buzz around for bhartiya city. overall things look good/impressive on paper, but whether this huge project can be delivered on time, this is 1 big ?.
Just a suggestion. As there are huge no of project getting delayed. Delays in construction of residential projects are common in India (whatever may the reason). Delay of 6-12 months taken as granted. Google it you will be shocked to know, some of the projects that has been delayed for even 5 years and yet not completed, n i am not talking about some small builders these all are the tier 1 builders. As big the project, the chances of delay becomes more.
so all the enthusiastic friends, who are looking to buy or invest in there first house, please confirm it once again and do some R&D, before putting ur hard earned money. Plan ur need, and do ur calculation how much delay your pockets can bear. Before investing your hard earned money.
Make sure your booking agreement have penalty clause for delays in construction.
All the best for your dream home.
Wow!
You want (signed) sale agreement by just paying 2.5 Lac by 5% of the cost (50 Lac property).
1. Which builder signed an agreement by paying just booking amount.
2. Cheque will be encashed and reciept will be sent by post. What is the issue?
3. 6 m to 1 year delay is fine if there is a penality clause. Even software project got delayed…..
4. Any idea. What is the cancellation clause (if need to be invoked) ?.
I have booked. 2bhk . Paid. 2.5 lac not given receipt write. In white paper and given we have not given sanction plan or sale deed copy or any approval of BDA or surya no ec or owners of land from RTC or con version details on legal documents we are worried .
Raj….i think the cheque will be encashed only once you have signed the booking form. All you have done now is shown an expression of interest.
Whats the meaning of paid? We also gave a cheque but its not encashed by them yet, is your encashed?
I am guessing they can encash when we finally see all papers and sign.
Please join google group for Nikoo homes and have access to some of the exciting photos taken at the nikoo homes site:
https://groups.google.com/forum/#!forum/nikoo-homes
Hi!
I overall liked the project and booked 2 BHK today. Is there any google group for this project?
Postive point –
1. Plan of the city is awesome. Simply incomparable with any exisiting apartment project
2. RS 3780/- is not high provided builder able to complete as per proposed plan
3. Bay window is simply awesome. I saw these in DLF ggn but not in blore.
Not so positive –
1. 12 apartment per floor. Seems bit cramped.
2. Approx 250 apts in 1 tower with 3 lift. Waiting timing can be irritating and frustrating!
3. Lock in period (beofore u sale) is 2 years.
4. Transfer charges 100 Rs psf.
5. Rs 3780/- looks bit lower price for this project with facilities as per plan. It may not possible for builder to provide all. At this low price (if does not increase later), it seems difficult to complete this project as planed and therefore is the risk.
6. Carpet area seems less. We are comparing (visually) our purva 1540 Sqft to 1595 Sqft Bhartiya apt. Outrightly, Bhartiya city apartment looks much smaller. Not sure why?
Comment welcome
Balram, you’ve kinda answered all the cons. The price is low per unit because there are more units per floor than traditional design and carpet floor area is less.
I’m sure a lot of thought has gone into costing and 3780 is reasonable for this area. The weighted average price per sqft in Thanisandra is 3500
Its not 3,780 but 3,870/-. I think there is some typos in Balram comments, or did he get any discount?
Hi Balram,
There is a Yahoo group – BhartiyaCity. http://groups.yahoo.com/group/bhartiyacity/
You can login to it thru your gmail also.
Did u managed to get disc? Pls let us know how you got the same. They are quoting 3870. But looks like u got in 3780
typo…that should read 3870
Hi,
I have booked a flat too. 2 BHK + Study. I had a site visit on Nov 1st. It was more like a fair there. Lot of people. They told me 95% of tower 9 is complete and they had opened tower 8 upto 6th floor, which was almost complete around 6 PM.
The overall project looks very impresieve and they have put a lot already to bulid up the infrastructure.
Any details on the Bank loan and Payment options ? I was told that I will be given the banker details
Regards
As per them, currently HDFC, ICICI and Axis bank have approved the project and SBI is under process.
Corporation bank has also approved and LIC housing is in progress
what do you mean by LOCK IN period? i didnt understand that. does that mean from the time of possession till next two years, we can not sell our flat?
From the time of buying to next 2 years you cannot sell and after that but before registration, you will have pay a transfer fee of Rs 100/- to Bhartiya City. After registration, its all yours and you can sell without paying anything to anybody.
1. Lock in period means you can not sell your apartment before 2 years from date of signing of agreement
2. No discount man. it was a typo
3. I wanted to pay more rate as plan is very good – ha ha
Balram Singh
I wonder, what facilities you see here as not working within 3870 psft. It is a 2500 apartment project. All works out well compared to the size of land. I would say per norms anything close to 3500 (10% less than Bhartiya) in that area is a good price. All what they are giving they are charging separately. Italian kitchen they are charging 150000. City infra also charged where as those are to be invested by respective owners (other companies/hotels/malls buying those buildings). If you are looking at land you would own here through apartment buying, it is much lesser than norms. Add to this their lower carpet ratio (less by 5 to 10%).
Overall, we need to value our money and see if we get returns worth. So let us not say that 3870 is a low price. It is already 20% higher especially for an unknown builder and for the uncertainty of gestation period and for the lack of clarity of project approvals.
Analysis on this project. Comments are welcome.
Pro’s
1) Their USP, ie., “buy a home, get a city”.
2) If planned correctly, can be a good investment.
3) Ideal for a person buying 2nd or 3rd home. My guess is many people who have already booked fall in that category.
4) Awesome marketing strategy by providing model homes, cycling track, good roads, good facilities etc., Good way to lure buyers.
Con’s
1) “Buy a home, get a city”- But at what cost? Has anyone estimated the approximate maintenance charges? I would expect the monthly maintenance to be around 10K.
2) Builder has no history of delivering projects. Big risk always.
3) No approvals on paper yet. No legal documents to show even if you book the flat or make agreement. How can we pay 25% upfront without any of these.
4) No one knows when the project starts nor when it ends. Again Big risk. Apart from this, it’s a gigantic layout, delays are always expected. If the project starts in Feb ’13, possession might be some where in 2017.
5) This project is ideal for people looking for 2nd home. This is because there is no commitment on the project completion and risk of dealing with a new builder.
6) 2 lifts + 1 service lift for 300 apartments!!! Let’s do some math. In the best case scenario, If on an average 3 people stay in each house, we have 2 lifts for 900 people !!! It will be a big chaos waiting for your turn at the lifts.
7) Not enough bore wells at all. The chief personnel at the site office said that they can’t arrange corporation or ground water for all and that the project has to survive mostly on water tankers.
8) The cost of the project is going to be more than what they are showing in their excel sheet. Add VAT+service tax + registration. All 2 BHK’s are going to cost 10L more.
9) Pathetic carpet area to sale-able area ratio. If I include the bay area also, on an average I am getting 65% carpet area. That is way too low by Bangalore standards. The 3 BHK cost in Bhartiya is going to cost same as that of Shoba city because of Bhartiya’s poor carpet area.
Excellant Analysis. Good to see some intelligent folks out of mad crowd running after booking any preLaunch. This is the same as IPO kind of madrush and we all knwo the end result.
Sour grapes
2+1 lifts for 300 apartments is too less. I stay in a complex that has 2+1 lifts for 110 apartments. (6 on a floor) And we have Mitsibhishi lifts which are supposed to be the best! At times, we have to wait for 3-4 minutes.
This being a high rise (27 floors) 2500 apt in 17 acres would be fine. It would have sufficient open space. Also remember, at any point of time only a asmall percentage come out in open to ground floor so there would be no crowding. In addition, a lot of people / kids would move on garden at 17th floor so we have sufficient open space.
I recently went to Brigade Metropolis which has 18 floors and 8 flats per floor with 2 lifts… the waiting time was hardly anything… these would normally be high speed lifts and people rarely come out at same time… there is no issue around life capacity around office timings.
Snajay,
If I buy a flat, I get ownership for part of land also, I am not sure the 17 acres what menationed above is correct, but as per bangalore standards you should get 1.5 to 2 cents per apartment, here it seems is too low.
I am staying in an apartment which has 22 floors and 8 apartment per floor, I have 4 lifts. I am not sure whether it is 3 lifts in Bhartiya city, but for 300 plus flats it is not adequate, I feel they may not get approval. Assuming that they will put high speed lifts and some thing extra ordinary, only time will tell.
I think till one buys he tries to think about bad side and once bought tries to think about good side. This is good. But one has to be balanced a bit than closing eyes to the other side fully.
Their flagship company BIL has only around 200 crores turn over. They have not done any realty project earlier, atleast published. But their confidence (or otherway) can be seen in charging 25% upfront against agreement and seems they are proving right by the volume of bookings.
But to be frank I am myself searching for good things on their history to see whether they can deliver the project, I want to buy my first home a 3BHK one worth value.
What ever, this shows, how desperate people are to put money in realty, especially at pre launch stage/special prices. We should be going by what we see and what seems convincing, than trying to convince ourselves.
Goodluck to me and to all of you.
Turnover is 2000cr and not 200 cr.
Anup,
Check BSE website, 2011-12 total turn over of BIL is 207.38 crores and profit is mere 7.37 crores. Here 99% people are talking in air, this is very natural once booking a flat. You are correct their turn over now will be 2000 crores and profit also could be many folds.
Dear Friends
We should all wait for the real estate regulator before we think of booking any apartment. All the sale agreemtns are one sided and we have to approach the courts for any issues..software engineers should do an risk assesment before jumping into booking…
Hi,
You hit the bulls eye . but by the time we find out all the details the price would be beyond our reach …. so most of us have booked on the first day thats in prelaunch
Today is the launch of the project. Did they open any other tower for booking and what is the launch price?
They have opened 3 BHKs and 1 BHKs in tower 8 for booking.
what is the launch price
3870 p.s.f., 25% of the booking amount to be paid in one month of booking. So many hidden charges. Pricing is not fair.
There are no hidden charges. All the charges are written in black and white. I think u meant to say lot of extra charges.
Hi i vsited twice and fell in love with the project but feel it is too crowded cramped and expensive and the sales team is over stretched their exasperation showed
How do u mean by over stretched?
Even i called some sales person and he sounded tired. I have seen couple of new launches and I feel response they have got is tremendous.
These are times when real estate companies are calling people again and again to check if they wanted to book. Bhartiya city sales person was so busy that he did not even return my call, all he said was please come down, bookings are happening left right centre 🙂
The Thanisandra Main Road going to be 1.6 KM from the gate of Nikoo Homes. So it is difficult to come out by walk and catch a bus/metro (as per the current scenario). In my assumption, you will not find any public transport in this stretch of 1.6 KM. If PRR materializes, then connectivity will be great.
Any other thought?
Anyone knows when the PRR materializes? I read it somewhere that it may take more time than expected (or may be a very long time as it is put on hold) as ORR itself is being made signal free.
Guys,
Be careful with this project, couple of things does not looks good:
1. Bhartiya team is just like a kid in reality space. High promises, how un experienced team will be delivered is the million dollar ?
2. PRR is going to be TOLL. How to access to main road?
-Shalil
They have recruited the COO and CFO from prestige and brigade group to deliver this project.
Location of Bhartiya City:
http://www.openstreetmap.org/?lat=13.08572&lon=77.6447&zoom=16&layers=M
Impressed by billboards around the city and also full pager add in TOI today.
Good Job on PR atleast, buzz is created.
Hope they deliver to the expectations.
No small company can do this, they must be having funds from other sources (group companies)
Please be impressed by what you get. not by what they show. More they spend in advts, less they would have, to give to you. So be careful.
We need to help ourselves doing good analysis. I would request all of you to please look at Good and Bad. What I see as below.
Good
1. Largest residential/commercial complex closest to the city, as of I know.
2. A futuristic design (bay windows/sky park), at mostly nominal additional costing, driven mostly by good design by international experts.
3. I heard Prestige/Brigade are in project management, I am yet to verify this. Somebody can also check this and their role.
4. The 25% booking charge he is taking at this stage and despite which he is getting overwhelming booking, shows project is likely to take off, at least financially.
5. So I see that they have management (verify!!!) and finance and good bo. of customers. So if good intentions they should be able to deliver.
6. Not congested area and good opportunity for appreciation as well as good place to live.
Bad
1. It is a mega project by a comparatively smaller company (only 200 crores turn over)
2. The experience of the builder (promoter) is a big NIL.
3. The land agreements are not yet disclosed (if this is done, it should be a great achievement along with finance coming from buyers at 25% booking)
4. The BDA approvals are not yet disclosed.
5. Takers for commercial part is not yet clear (except one 5 star hotel)
6. Penalty clauses in delay is still not clear.
7. The basic price is 15 to 20% high compared to entry builder in that area generally (I can give examples if anyone feels so). Also, all extras given are well charged.
Can somebody also review my points and also add/validate.
I hear there are plans for providing bicycles, electric vehicles for movement within bhrty-city. should be ok i feel.
I have seen what looked like bus stops in the Bhartiya City campus…I am assuming buses/volvos would ply inside the campus…Not sure of the PRR time frame…have heard though that lot of developers have started buying land along the proposed PRR…If you have bought/are planning to buy a flat in Bhartiya, I would suggest you forget abt the appreciation part for 3-5 years atleast. If the project does take shape as it is planned, rates would appreciate to a large extent…and then it could be out of budget for lot of us.
I am not able to understand why buses/volvos ply inside Bhartiya city? This is a private property.
Shuttle services I assume is planned.
The PRR is access controlled. Unlike the the ORR, you can not enter the PRR unless for designated locations like the NICE corridor
Nand,
You are correct and realistic also in assuming that Bahratiya is not going spend their life there providing bus services.
On a funnier side, why are we taking about buses, rickshaws and public transport, when we are buing flat worth 90 laks and we expect it to be more than a crore in no time!!! I think we should have a chauffer driven car (on high side) or atleast a bicycle.
Let me now come down to reality, I think this concern about transport is not worth. We need to have our own arrangements. Rather we need to worrry about whether we will get water there for all the people and things like that. Whether the project will be of quality? whether it will be delivered in time or with resonable delay? I will also post my findings here on this.
O fcourse we need to have our own arrangement for the transport but regarding chauffer driven car, how many of us can afford that after paying all the money to bhartiya :-). Remember there are people who are buying 1 BHK and 2 BHK. Many of them cannot afford chauffer driven car. There is no doubt that most of the people living in Bhartiya city will have cars, then there are other dependents like parents, housewives and others who need to be wholly dependent on you for any transport.
Having said that, this is a very low priority issues and will be ignored by most of the buyers. Just wanted to put this issue for the benefit of those who are mostly dependent of public transport.
Nand,
I told you, it is on funnier side I mentioned chauffeur driven car, that is just to exaggerate, the purpose was just to tell people to look at more relevant aspects. I think you understood it very well and you are practical, thank you for your understanding.
OK, now to be serious, when a small city is being built up, because of size and distance from developed areas, you cannot look for existing transport. If it is a successful project, you will find all those coming in. Let us hope.
I agree water should be the main concern for any new projects especially in North Bangalore. My friend was telling in Godrej Woodsman Estate in Hebbal, water comes in tankers.
I was looking at their financial statement linked to their website; and I am no expert in reading statements but its surprising to see that for financial year 2010-2011 their net profit was only 5.5Cr.
http://www.bhartiya.com/images/quarter_ended_31_%2012_2011-final.pdf
Also i am not sure why they have not provided the latest 2012 statement on their website.
I dont have much info about them but I think they might be using a separate company other than their parent (flagship) company to avoid risk of harming the parent company in case the project fails in future.
Now, it is no secret that this is their first project and that too with such huge plan…. ppl should worry about it more… there is only two choice: either they deliver as expected or they just could not handle it and ends up into a failed project . . . if you are ready to take this risk then I think it should be fine…. Financial statements will not give a true picture. These are cooked up heavily 🙂
Its a high rise project 25+ floors and each floor have 13 flats and only 3 lifts, It will be very conjusted there.. Nowdays for 4 flats each floor we have 2 lifts in residential buildings.
we need to check all the details as this is the first project with Big bang!! lot of good marketing but not seeing the backbone..
It has 27 floors. So 27×13 = 351
Consider 300 flats since the linking tower has 17 floors only. Most of these 300 people will be working class people and most of the people start to work say 8:30 AM. Out of 300, if 200 people start to office at around 8:30 AM, these 200 people have to be accommodated in 3 lifts. Lift capacity may be around 20 people. So at a time 60 people in 3 lifts (maximum in full utilization mode). In addition to that, the same lifts will be shared by school going kids, servants, service providers etc. God knows how much would be the waiting time for lifts.
I believe this is a serious problem. They could have provided more lifts or reduced the number of flats per floor. Most of the high rise in Bangalore has 8 or less flats per floor.
isnt this a worst case scenario, Everyone leaving to work at 8:30 🙂
Personally i havent seen lifts being a problem in residential high rises. I also think work from home will be more prevalent by the time this building gets populated.
I agree. Normally people would leave for office between 745 & 9 AM and its very well spread out… add to this the fact that these would be high speed lifts, this shouldn’t be an issue
Hi Nand, I think you are not very much interested on this project. However it is good to have both +ve and -ve comments on the project, so it would help the buyer to take the proper decision.
Are you sure each floor has 13 flats and also it has got only one lift for all 17 floors? Bhartiya City owners, please confirm this.
Where did i say 1 lift. It has 3 lifts.
Yes, each floor has 13 flats. 9 normal and 4 linking flats (connecting to other tower). See their numbering plan. I am not against the project. I am just projecting the things which i did not like abt the project and to know others opinion about the same so that i am sure whether i am thinking that way or someone else. I am seriously considering a 2 bhk in this project but in a no hurry to throw my money just like that.
Sorry for the typo nand. I am also thinking to book but i am not sure whether it is really worth. As other user mentioned the overall sqft price comes around INR5500 (excluding reg.).
Sorry…Are you sure each floor has 13 flats and also it has got only three lifts for all 17 floors? Bhartiya City owners, please confirm this.
Yes , as per master plan 9 per floor plus 4 linked apartments
Each tower has 27 floor. Only the linking tower has 17 floors. There will be total of 10 towers in17 acres. Tower 10 is called black swan has some commercial complex like restaurent and other things. There is going to be one helipad on the tower 10.
I think each tower has 25 floor. Its G + 2B + 25
One may have to wait for few minutes to access lift during rush hours.
It already happens like that in some high-rises.
This is the big concern for 5 cr earning they are selling dream…..
Congratulations to everyone who booked. Even I booked a 3BHK. The carpet area is coming to only 63% which is very less compared to other builders. We cannot include bay window area as carpet area.
The main worry I have now after booking is, in 17 acres we will have minimum of 2500 apartments. Between Blocks there is no empty space and it is filled with Link apartments till 17th floor. I personally feel it will be very crowded with huge maintainance expenses.
I know its foolish to think about all this after booking a flat.
The price we will end up paying is less (around 8 lakhs) when compared to Sobha City, which is Positive.
The price quoted for my apartment 3BHK (1595 sq.ft and carpet area is only coming to 998 sq.ft) is: 7733880.
This does not include VAT,ST,registration and all.
I calculated at an approximate price (VAT+ST will be minimum 8 lakhs) and Registration and stamp duty is around minimum 2,50,000. (This is calculated at the present prices).
So, the total amount is 89 Lakhs for a 3 bed room flat of 998 sq.ft carpet area (total 1595 sq.ft). Without wood work.
Now, it depends on the Builder on how he will complete the project. Lets pray it will workout….as nothing apart from paying installments is in our hands 🙂
Hi…my cousin and I did the carpet area calc before booking. It comes to around 69.3%. Dont know the basis of your figure. Anyways, if the builder delivers what he has shown, it is going to be a great great project, so don’t worry.
Also, if you are feeling let down by the sq ft area or other concerns; do reply to me here, I know someone who is looking for a 3 bhk corner unit and could not get a unit due to unavailablity.
Cheers
Their sales team themselves are telling the carpet area as 68%. Even I did calculate and it comes somewhere between 66-68% taking into account all the areas which are not marked in the floor plan.
Remember 10’6″ is not 10.6 ft but its 10.5 ft. 3’3″ is not 3.3 but its 3.25 ft. Have you taken this into consideration when converting inches to feel in decimal.
dont you think 89 lac is costly for 3 bhk, prestige misty water you can get 2.5 bhk for 76 lac which is amuch better location and branded
Adil, if you extrapolate the 2.5 bhk price for prestige misty waters to 3 bhk you end up with 91.2 lakhs.
Viv,
The difference between 2.5 BHK and 3BHK is a proper size bedroom in place of 0.5B and a third tilet. Totalling generally just 100 sqft extra which is less than 10% of 3BHK size. Straight extrapolation does not hold good here!!! We need to do based on sqft size, location and builder reputation. Let us not cut short here when we are doing decision on our hard erned money.
The best is to compare with other in same area. Tier one builders Purvankara premium – 3600. Sobha city – 4500 Matri Aura premium – 4000 with good scheme, Prisha Orchi-3800 plus. New entrant Vajram essenza – 3500 (small project). Another extra roughly 3 Lakhs Bhartiya charging for kitchen and city infra plus higher BESCOM charges.
So if you compare then Bhartiya is placing them among established builders in terms of cost. Compared to a new entrant he is 20% charging higher, where as he aslo is a new entrant. But you get a futuristic home (if you take the risk), which not offered by others. So it is over to you to decide.
well….i was making a direct comparison with prestige misty waters here whose 2BR is at 1290-1350 sqft as compared to a 3BHK at BC at 1525
btw i booked an apartment here weeks ago when they were setting up the model apartments and have my fingers crossed. 😉
I booked a 3 BHK on 12th floor and my cousin booked on 11th floor. this is a gr8 project which no doubt would take time but appreciation would be great. Mind u brigade metropolis took 4 yrs and Brigade Gateway took almost 5yrs.
The carpet area for 3 BHK is 69.4% and for any big builder its in that range. Also they are giving a modular kitchen for which they are charging only 1.5 lacs which would be very less after 4-5 years. No doubt the modular kitchen they are giving is very average but at this price what else do u expect.
The mgmt. team which they have hired from Prestige and Brigade would make sure it covers for inexperience of promoters in construction business. I am convinved this is a gr8 project. look at the kind of floor plans they have given and small things like bay window which is unheard of… am sure this company would walk the extra mile to make this a gr8 place.
and for those who feel it would take much more than 3 yrs, mind u, payment is lined to construction and not time… so do expect this 1 acres residential complex to be ready in approx. 4 yrs..
1. Availability ?
2. Booking amount for 3 bhk?
3. Payment plan
Any idea?
1. 3BHK’s not available in Tower 9; and we got this confirmed
2. 4 lacs
3. Construction linked, should be complete over a period of 2.5-3 years; if the builder progresses on time
where did you get the completion time of 2.5 years. They are telling its 36 months starting from Feb-2013. Remember its 27 floors, so it may not be possible to complete it before 36 months.
Yes, 36 months is what I have also heard.
3 years will be a dream i think,
According to Sasi Madathil, CEO, Bhartiya group, the project is a design-driven innovation applied to real estate project. The whole project is likely to be completed in 8 to 10 years.
Yes, the whole project will take 8-10 years but residential might get completed in 3.5 to 4 years.
What I meant was, the payment would be taken in 2.5-3 years max…construction would take 3 to 3+ years 🙂
The developer’s background comes from the largest exporters and best exporters of leather garments in the country. They have been designing and manufacturing for the best brands of the world that are global trendsetters for two decades now. Now they are into real estate to define the “aesthetics of living”.
One visit to their site and discovery centre gives a clear insight into what they intend to deliver.
In just a few sample flats; people could find refreshing concepts like the bay window, which was actually being appreciated by one and all. Other amenities that they promise seem amazing too.. like the skywalk on 17th floor. we just have to see it to believe it. hope its not too late then.
Hi!
Whats about availability for 2bhk/3bhk @ lower floors?
My husband and I went to see Sobha City only, as we wanted to buy a Tier 1 builder’s property only. On some broker’s recommendation we just went to take a look at Bhartiya city also and were mesmerized by the plan and model apartment.
We did end up booking our first property at Bhartiya City. Looks like a livable good project focussing on aestheics. Yes builder is new and risk of delays exist, but we just could not resist 🙂
Booked a 3 BHK and I am told these being corner units are all sold out.
Good luck to the project and fingers crossed.
It was great to the see the amount of work already done before pre-launch. Compare this with the state of work done at any other project at this stage. Looks like they design and planning is spot on. Check out the bay windows, sidewalks, the road done from thannisandra main road up to the property with dividers with plants, neat sidewalks on both sides, fountains, walking area as you approach inside etc, aesthetically designed bicycle stands; and these are permanent structures which will stay on. Based on the information provided I can feel some confidence that project may be able to keep to schedule. Also came to know that the first delivery is of the IT park/sez area and the excavation work is already done to an extent.
Did anyone get a discount? Are the prices final?
I didn’t…please join the yahoo group at BhartiyaCity@yahoogroups.com
please accept my request on yahoogroups.
Hi Sanjay,
I have booked 2.5 BHK and i have requested for the group membership. Please accept my request.
Thanks & Regards,
Suresh
Metro phase 2 is going to extend upto Thanisandra main road.. finD the metro phas2 plan from BMRC below
http://bmrc.co.in/pdf/phase2/phase2forweb.pdf
Since metro phase 2 comes upto Thanisandra main road in the above plan (nearly 200 mtrs in thanisandra), the plan is to extend to Airport.
Airport to Thanisandra metro will go through thanisandra main road(And not from hebbal side).
So this project will be connected to MG road on one side and airport (Many IT areas coming up in between) on other side.
For more details please read the review of provident Harmony on Harshasagar.
Since this project is huge, The water needed is also high. Anyone enquired how they will manage the water requirements for the project?
I enquired it and sales person said there be around 20 bore-wells for the project. But she was not sure whether for complete project or just residential.
All big complexes in Bangalore survive on water tankers.. 🙂 in my complex we pay about 4.25 lacs per month to tankers for 500 families..
Any one from this forum booked any unit at Nikoo Homes?
I have booked one 3 BHK at 23rd floor.
Any specific reason for booking at such high floor?
I have booked one 2bhk+study in 8th floor
Hi Niraj, Would you mind in telling the total price for 3bhk in 23rd floor?
ta
3BHK at 23rd floor is due to the fact that when i booked the flat 18th,19th and 20th floor was already sold out and i wanted the view of skywalk and since the price was same for 23 and 21 so i choose 23rd.
Also price of 3BHK at 23rd floor is around 76 lakhs + registration.
This is not 76 lakhs + registration…….you are mistaken………you have VAT + Service Tax which will be around 8 Lakhs. So, it wil be 77 + 8 + 2.5 (registration) nearly 88 to 89 lakhs for 1595 sq.ft 3 bed room flat
76L + reg is not correct….
VAT+ST will also be accounted for .
Hi
I booked in 24th floor, price is around 78lacs.
visited the site today…..quite a few bookings taking place….The carpet area for a 3bhk is working out to just 62%…which by any standard is very low..Any A class builder is giving atleast 72% ….There seems to be a gimmick here…quote a low rate to attract bookings and also give a lower carpet calculations…barring this it seems to be a fantastic project to look into..
Yajiv
I called the builder and asked for availability of 3BHK. Seems like there is only 1 3BHK is left on 13th floor.
And i don’t agree to your carpet area calculation
1) Are you taking Bay window into account while calculating carpet area ?
2) Also did u took into account area which is there just at the beginning of the Master bed room ? .
3) Similarly room next to kitchen also have area where they didn’t mention the dimension, did u take that also into account?
But they themselves are telling the carpet area to be 68%. I had a site visit yesterday.
Niraj,
According to your calculation, what is the carpet area?
According to my calculation carpet area is around 70%. I can put the calculation tomm, as the calculation is on my office laptop.
What are the risks here? i live in USA and want to come back and settle in Bangalore after 2-3 years. I am looking at this for my own use. I love the open space and amenities being provided by them. Also, the IT building construction (3.8 million sqft i guess) is in progress and will be ready at the same time as the phase 1 of apartments.
Please suggest if i should book an apartment here.
Thank you in advance,
Sudeep.
HI Sudeep,
i liked the concept if they really do it the way they promise it will be amazing.We are planning to book one tommorw.I see the main risk is timely completion and water since soo many people staying and with IT parks around it may be difficult to provide water.Maintence of the project once the bharathi city gives the authority to residents would also be risky(i may be completely wrong here)
This looks like the smondoville of patels in electronic city.That was launched at 1800 and tdy it is being sold at 3500 min.So definetley there will be appreciation for this one too
There is a very small builder next to this project(Prisha properties) and that builder also asking 3800/sqft and i checked many nearby projects everyone is asking for 3600-5500 range. To me it looks like good deal, i am booking 3BHK in tower9 tomm
Does anyone has the master plan with the location of each tower.
I have all the details of this project and development happening in this area.
Or there is a number on this site where you can call and get info regarding this project.
you can send me your email id .. I can send you all the details
Hi Niraj,
Inclusive of all , it is working out for 5500 per sq.ft now itself. When I say inclusive of all, it is including VAT + ST + Registration + Pssession charges.
I think it’s too pricey and not at all a candidate for good appreciation. Moreover residential area seems like very cramped as someone mentioned below 2k+ apartments in 17 or 18 acres. I think PSN is some 3 k aptmts in 55 acres and is ready to move with nearly same price in a well established IT zone. So either PSN is very undervalued or this is too ooo pricey.
I agree with you. If you look at the master plan for the residential units, the open space looks very little. Also, from the master plan it looks like that there is only around 20 visitor s’ car parking which is too less for 2500+ apartments.
One good thing I noticed from the master plan is that there is good spacing between towers.
1. PSN per sft rate is around 5000+ rs. Bhartiya city price 3870 rs/sqft.
2. Since it is ready to move in and also already near to established IT zone. It’s price have taken all these factors into consideration. Not much scope of appreciation now .
Some of the + point of North Bangalore
Embassy Knowledge Park, Bangalore is a “walk-to-work” facility located approximately 10 km from Bangalore International Airport road. The business park will be located on a 190.13 acres land parcel. Approximately 79% of Embassy Knowledge Park will comprise IT/ITES work spaces . Embassy Knowledge Park will be jointly developed with the Karnataka State Electronics Development Corporation.
The Park is strategically located because North Bangalore is expected to witness growth over the next decade. This growth is expected due to the development and expansion of Bangalore International Airport, as well as other government initiatives, including a 40 square kilometer Information Technology Investment Region(10000 acres), an International Finance Centre and a Hardware Park (1000+ acrea), Aerospacae SEZ (1000 acres), PPR (monorail running on it), the widening of the Bangalore airport road and the proposed high-speed rail link connecting the city to the airport
In short this area will start appreciating now when the development start in above regions. So from investment point of view this is good project
5000/- per sqft for PSN is all inclusive. Maybe excluding the registration cost. Here per square foot cost comes to 5500/-. Is it worth it?
I think comparison of PSN and Bhartiya itself is apple to orange due to integrated township vs standalone apts. However brand Sobha is definitely has an advantage in Blr but as far as appreciation is concerned, I guess if they do a good job, Bharatiya would be better choice.
PSN is also and integrated complex like bhartiya. Infact Commerical aspect of PSN si much bigger than what Bhartiya is planning. Take a look at the tower spaces between PSn and Bharitya. You will feel you are comparing a BMW and Tata nano(Bhartiya)
How To Build a City – Bhartiya City – YouTube
http://www.youtube.com/watch?v=LyBiLIuR7ok
Clearly, a big risk….. but then…. no risk, no gain
There are lots of if’ s & but’ s…… depends on your risk appetite…
There are so many proposed infra projects on paper…. but these things remain on paper only coz of so many reasons. If such infra are under construction then at least risk is minimize…. but things that are on paper only have big risk….
I visited site of the project today and digging work completed for residential and IT already. Internal roads of the project are already laid. Model flat of all the sizes are already there.
Complete residential and IT will complete in 3 years. Work will start from FEB. Digging and model flat is done by their internal team. They yet to finalize the builder.
1st of NOV is Launch of the project.
Yes nov 1st is the launch and then after which there may be increase in the prices.But none of the papers ready as of now.May bel ittle risky but their parent company is well versed with infrastructure projects
+ Points of project
— Proposed peripheral road (PPR) :: There is proposal that monorail will be there on proposed PPR also dedicated corridor for Buses.
— Many residential project are coming up in the area :: sobha mediterranean city(4500-4600) , NItesh Hunter valley(Yet to launch), sattva gold summit (4550)etc
— Not too far from devenhalli :: Govt of Bangalore is buying big chunk of land in that area for whitefield like IT developement.
— Manayta tech park :: Within 3km .
— Many educational institute :: Manipal university, karnataka engineering college, many schools in that area.
— intigrated township project
-VE points
— Project may take 8 years to finish and also living there for 8 years with construction in IP will be a challenge
— Builder is new:: Parent company is big and rated very well.
—
Hi Niraj
Thanks for detailed info. Well can you throw some lights on parent company? The only risk I am thinking to bet on a new comer in Blr property business. However, I wish them all the best and hope they will do their job well.
Cheers!
Alok
Carpet area is only ~66% as per my calculations, for a 1 BHK of SBA 760 sqft, carpet area is 498.4 sqft
That is too less. Prestige gives around 72 to 76% as carpet area.
This is between Hennur Main road (permium area) and Thanisandra Main road (developing), about 2km from Sobha city, seems a little bit inside, not clear on access road. In comparison to Sobha city, the rate is around Rs. 500 less, but the project Bhartiya is planning to start by Feb 2013 and finsih in 3 years. Hence for their first project in Bangalore, with long gestation period, the price should have been a bit lesser. I am waiting for somebody to throw some light on the pricing so that I can consider this project.
Yes, even I think, the price should have been around Rs 3,500/- or even less. First project, long waiting time. On top of that 25% booking amount. Priceeeeeee. Was thinking of booking and now I need to re-think as the waiting time could be too long. Money is going to be locked for several years.
Experts…. pl share your thoughts….. will this be good investment option? Since it’s a big project I think it’ll take at least 7-8 years to materialize…. even 8 years still doubtful….
Exactly, it would take around 8+ years to see a full fledge occupancy and full development. They have plans for Phase-I and Phase-II. Right now they stated with Phase-I. Nobody knows when the Phase-II starts. But when fully ready, it would be a great place to live. Since it is a very big project, and their first project, the delays are expected. The peripheral ring road (PRR) also comes in between the commercial and the residential complexes. The PRR itself, nobody knows when it will materialize and a lot of the project will depend on the start and end of PRR. With the PRR operational, this place will see a lot of development. Wait time is going to be 8+ years with the expected slowdown in econony.
PRR will be access controlled like NICE
Did you notice the kitchen/vanity charges (Rs 1,30,000) ? I dont see even the best builder in Blr asking for it.
Plus there are the CITY infrastructure charges along with the regular maintainence charges.
Booking amount – 25% of the sale value.
what’s the sizes of the apartments? any idea about the builder?
Sizes:
1BHK :- 760sft
1BHK with study :- 934-933sft
2BHK :- 1098-1056-1059sft
2BHK with study :- 1265sft
2BHK duplex :- 1276sft
3BHK :- 1595sft
3BHK with staff Quarters :- 1917sft
Joe….see my reply below it tells about size and price
Bhartiya city project looks promising. But no information available in any website on what rate and how to book? Is it still at planning stage?
basic price is 3870/sqft….received a email…was reading google and they promised homes staring at 10L 2 yrs back when this project was talked about 🙂
1BHK & 1 BHK + study 760-934 sqft (36l-46L onwards)
2BHKprice 1056 – 1276 sqft (49.5 – 59L onwards)
2BHK+Study 1265 sqft (59.5 L onwards)
3BHK 1595 sqft – ( 74L onwards )
3BHK+servant room 1917 sqft (88L onwards)
Note ::Addtional notes below over and above the prices mentioned aboove
1. Stamp Duty, Registration Charges & Legal Fees are additional and payable at the time of Registration.
2. VAT & Service Tax are additional and payable along with the instalments.Any other statutory levies as applicable are payable at actuals on demand.
3. Floor rise charges of Rs. 50 per sq.ft. are applicable for every 4 floors & Preferential Location charges (PLC) of Rs. 100 per sq.ft is applicable to all inside facing Units.
4. Balance 25% of the booking amount is payable within 21 days from the booking date .
5. Stamp duty on Agreement to Sell & Build of 0.1% of the Unit Value is to be borne by the purchaser and is payable along with the balance towards 25% booking amount.
6. All payments to be made favouring “BHARTIYA CITY DEVELOPERS PVT LTD” payable at Bangalore.
7. Level 1 denotes First Floor; Penthouses are available only in Tower? 7,8 & 9 and in Tower 10 apartment starts from 5th level upto the 24th level.
8. Pricing subject to change without any prior notice.
9. Other Terms & Conditions are sppecified in the apppplication form.
Have they done any other project like this? It seems to be huge (125aces) and need to know th capacity whether they will be able to complete the project or not…
Yes, it will bring a positive energy in the north bangalore with mix of all that you can expect to have in a community.
Even I am also looking answers to same question, and who is the builder?
Bhartiya Group. Looks like it is their 1st project.
I had a site visit, impressed with the idea and lot of amenities, Unit space utilization.
First visit could digest all the features. Need to visit one more time for indepth details. Any info here will help me a lot.
Observe points
1. Big CIty with everything in one place
2. Impressed with 17floor skywalk
3. They say 3 yrs to complete with 10 towers with around 27 floors max. Based on the current builders construction it will be delayed by 1yr. I asked for penalty on delay from builder ( didn’t get any info)
4. Unit size utilization with BAY window + DECK is impressive for 1BHK/2BKH/etc…
5.NO discounts/referrel
6.25% advance
7. out of 126 acres/ 17 acres for niko homes.
8. 70% open space
9. Leela hotel
10. October 31 is the launching date.
-Vish
Question:-
Is it good place to leave with lots of commercials?
Or good place to invest for rental?
Similar projects
If you see projects like Brigade Gateway, people are getting disturbed due to Mall.
Manyatha tech park has only IT companies + plots ( People are happy to leave inside)
Karle Zenith has the same idea.
Diamond district ( apartments+IT): people are happy
-Vish
Somewhere I read that there is going to be some 2500+ apartments but the space allotted for the residential area is only 17 acres. Is the allotted area is not less for 2500+ apartments?
For a high rise with 27 floors its ok. Purva FountainSquare has 1400 flats in 10 Acres.
Purva fountain –
1050 apartments (13 floors tower) in 14 acre !
Prestige tranquility, 2400 apartments in 38 acres.
Whats the rate at Prestige Tranq?
currently its is Rs 3,300/- per sqft.
The pre-launch Price for prestige tranquility was 2673 in july 2011. Today its 3300. Construction of 3 levels already completed. Possession is expected to be end of 2014.
Had visit the site yesterday, even I feel the residential area is less for 2500 apartment. But the floor plan especially the concept of bay window and deck is impressive.
Are the prices going to increase once they formally launch the project?
We also booked a 1 BHK here, soleley for investment purpose, today is the launch but the price still remains same as 3870/-
Perhaps when the subsequent towers go on sale (hopefully). I dont think there is a concept of pre-launch here.
I agree with viv, pre launch stage even floor plans are not ready. Hence they had model apartments also done.
I think they might focus on commerical plans first and take apartment booking slowly so that they can ask for more as the time passes by. Again, my assumption, any thoughts??
i came to know the in Bhartiya Ammenities charge is extra apart from maintenance charge. is it true?