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 Since then the township has expanded considerably — pricing, phase count and amenities below are all out of date.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
Hello,
Got to know a lot from the discussion thread.
However no one ever mentioned about the 1 BED Nikoo home here.
Did anyone of you have had booked 1 BED flat in Nikko Homes (tower 1 : floors 17 – 25)
Still deciding of buying 1 BED flat here.
We just booked 1bed with study flat in tower 1 but no discount given .any one got any please let me know.
Hi GV, at what rate you booked?
Hello,
Just went through the blog.
I am willing to get 1 bed in BC Nikoo Homes. (Tower 1 : Floors 17 to 25)
However no one in the blog mentioned about the 1 Bed (sorry if I missed).
Please share your experiences if et all with bookings for the same (1 Bed).
Hi
Any one interested in selling there booking..?
Kind Regards
Murali
what are you looking for 2 or 3 bhk
Hi
I am looking for 2bhk + study room..or 2 bhk
Call me to my mobile..9742351351.
if some one is interested to sell
Regards
Murali
9742351351
Hi,
I am a prospective buyer for the phase 3 of the project. I have been through the comments at length and could see common pros/cons. I will just jot them down here.
Pros:
1. Large integrated township. Many options will be available. (About common access, even brigase metropolis has the same)
2. Area next to promised SEZ’s plus on that BC SEZ (even if it doesn’t work, there will be many people going to office there – so can rent out)
3. I like the floor plan, provides for comparitively large living area and a large balcony ( I like that !)
4. My experience with sales rep has been very positive. He is replying to my emails consistently and giving me details in a very professional way.
Cons:
1. I hear about SA getting delayed. Was that an initial hiccup or is still going on?
2. SA being one sided. If anyone can send me a copy of their’s I can make my own opinion out of it.
3. New builder so chance of delays.. (Well they can be for any other builder)
4. Nikoo home owner’s to share for maintenance of all of BC (as I understand) Well that is something I can’t digest.
Overall Ithink it is a good opportunity to buy, seeing the way prices have risen from 3800 to 4500 in last 3 quarters or so. It looks like in high demand even after all the issues.
And seeing the rises in price for the properties nearby I think it is a good option to put my money in.
Harshit,
The method of analysis is very feasible one. You first took decision and then put the pros and cons in that perspective. Then go ahead and buy it, no need to write here. Your salary is well justified.
And Ahmed,
They are raising the price….Are you raising a complaint or showing your happiness.
I am just an observer keeping watch on Bangalore realty. Kindly note, the prices quoted by builders is not the real price. Did anybody try to compare with price of completed flats?. Real price is what you get when the owner tries to sell in secondary market, at what price actually it is sold? (not quoted in advertisements). In Bangalore so far it is good, but worry is if average number of houses per prospective buyer becomes more than one, the market may nose dive then. This happens when people invest in multiple new projects as they have to pay in installments only, and believe it is happening in Bangalore, so it is better to be cautious.
This forum is not to criticize any one view, but to help each other. So please avoid this and respect every one’s view.
Unfortunately, complacency, purposeful blinding, misleading analysis, misconception and wrong assumptions are ruling this particular blog. Also, they do not wish to hear real facts, they think only sugar coated news can be put here, For them, only blunt criticism can open the eyes, as I did before. Just a few unbiased points I put below and you would agree.
1. Most of the people (may not be you) in this blog are those who does not have even the guts to go and ask the builder for a sale agreement. They ask for it here and they then cannot digest the agreement and give up. Instead if they sit with the builder he might have felt it acceptable. Most agreement are like that. BC payment terms are one of the best.
2. The issue is very less with the agreement, but more with project pricing including infrastructure charges and kitchen furniture etc. If you further discount it heavily for the very low UDS, then it is even costlier. It is industry rule that low UDS project should cost lesser. If you are to wait for half a decade for possession, and taking loan, why not buy a ready flat at same price. You will get good rent. Do an NPV calculation. But even educated people run after installment payments and then over-buy and close eyes to facts. Those who buy knowing all these are those who wish to sell it in one or two years, note it well.
3. There is grave yard aside that project. Instead of checking and agreeing to that, so many people criticized the person who revealed that. One even told that he or she does not mind buying one facing the grave yard telling that it is the ultimate truth of human beings (he had bought a flat on the other side so he was sure that he is safe). Tell me who would like to see grave yard or a funeral when he stretches himself at Balcony soon after waking up in the morning. Who would buy a flat without any discount, if he has an excellent option on other side in the same project. The answer is very obvious. You will find a buyer, but with some discount for sure. So in long term it may not felt much. But the impact is there. So do not mislead people with talk which you do not walk.
There are many more plus and minus in the project. And definitely, my point above on real price of projects. Wrote a few just as an eye opener.
If one did not like this post, just ignore it, check yourself and then take decision. May be this post will help some others.
Mr. NKS,
Kindly post photographs of the Graveyard next to Bhartiya City?
After people here claimed graveyard existed I went around the boundary wall of Nikoo Homes and could not find any graveyard.
There is a massive graveyard next to Sobha City and the apartment owners there are fighting it out with the cheat of a builder!
Dear
Again the same history is repeating. You should check yourself this entire blog, you will find answer. Then you need to verify it at site yourself rather than asking others. It is such a bog area, you need to take coordinates and check, and if it is not at the below location come and update it. My comment was based on ultimate conclusion drawn 2 months back, check it yourself.
http://harshasagar.com/2012/10/25/bhartiya-city-location-price-review-public-opinion-more/comment-page-4/#comment-16249
http://harshasagar.com/2012/10/25/bhartiya-city-location-price-review-public-opinion-more/comment-page-4/#comment-16685
http://wikimapia.org/#lang=en&lat=13.084638&lon=77.646864&z=19&m=b&v=4&show=/27789460/Christian-Graveyard&search=Builco
And then let me tell all, those who are buying to stay there, why they should worry about resale, it is an inactive one as per information, and the BMC is trying to get rid of all grave yards and quarries in the city. So over long term these are no issues.
The point I made was that people close eyes and become ignorant and then try to fight on it. If there is one, it is there. Do not tell that it does not bother at all. Yes, definitely not in long term, but in short term.
Somebody shall verify if it is there or not. Give a photo to others as well.
Harshit, I have the SA soft Copy, please contact me for the same, and I agree it is a one side agreement and everything is in Builder favor and when I asked for the clarification, the response was very cold & repetitive.
Hi Rajesh,
Can you please send me the copy on harsh.uch@gmail.com.
And I guess there is no point in arguing with these people. i do not want to clarify him anything as his thought process is already skewed in one particular direction.
Regards,
Harshit
Hi All
The link to the agreement document is very well available in this blog. The link is below. Would suggest that those interested should do a study of this blog, all information u can find.
https://docs.google.com/folder/d/0B3mP6nUDOsbtYm5QWGQ3WnU5Y2M/edit
Hi Rajesh.
I’m also a prospective buyer. Could you also please send me a copy of the SA on my mail: vaibhavmullick@gmail.com. It would be very helpful.
@harshit – no comment on the pegionhole sized kitchen. even the 3BHK has a kitchen that is slightly bigger than the bathrooms !
Just booked a 2.5BHK flat on Tower3 @ 4520.
Bhartiya guyz were keep saying they don’t have enough availability on lower floors.. But, managed to give a flat on floor 8 from management quota. Not sure how much truth it is in.
Anybody has any idea if they have any availability on lower floors?
Meanwhile, how much is the UDS they are providing? They mentioned as if it is 28% to 30%.
Also, carpet area to super built area comes out to be 67%. Is it good enough? Any thoughts?
True, no lower floors available but below is advantage for higher floor –
Snob value: Skyscrapers are hard to build, so chances of another one coming up are lower. The exclusivity also helps in price appreciation.
Lower temperature: Temperature drops by about 3°C per 1,000 ft.
Lesser noise: A difference of 30 floors can reduce the noise level by 30%.
Cleaner air: Concentration of vehicle pollutants and carbon dioxide reduces with the increase in altitude.
Better view and visibility: In clear atmospheric conditions, you can watch up to a distance of 50 km from the top of a 650-ft high building.
More open spaces: High-rise buildings leave more open public spaces, which means more greenery and parks.
Controlled entrances in high-rise buildings reduce the incidence of crime.
Got the info on UDS.
Looks like, they are giving UDS as a pathetic ~20%. Any feedback on this?
Also, they are using new technology in constructing the buildings.. ie., Mivan technology. Not sure its durability, considering G+26 floors..
Really lot of complications involved in investing on this project..
So, thinking of coming out of this project. Any suggestions pls?
Why would you book if you knew all this? And why would you come is public and cry about what you did?.. The people who gave you these data points, should guide you what to do next.. Really, you wanna scare everyone here?
Mr. Saurav,
First of all… Why everybody is here? And, why are you here? Don’t you want to hear anything -ve things about Bhartiya city? Is it because you are kin of this city? Sorry man… This is not the place for u…
Everybody is here to share their thoughts and experiences.. If you don’t wanna hear any cries, better get out of here….
Thanks.
Now I am really scared.. folks can’t even spell the name right 🙂
Is 4520 the base price, or includes floor rise + PLC?
Yes. You are right.
Base price : Rs.4320 + PLC of Rs.100 + Floor rise of Rs.100
How did you manage to get price @4320 psft? I spoke to one marketing person last week, he was quoting 4420 and not agreed to negotiate.
They keep on increasing the price often… When I booked it was 4320.. Now it is 4520….
First Resale – Phase 1 – Bhartiya City
I sold my apartment without completing 18 months and good profit of Rs 250/sq ft 🙂
My purchase price is 3870/- and sold at 4120/- + Rs 100( buyer will pay for transfer)
As per agreement, I got 25% + 250/sq ft profit and buyer is going to pay interest till complete 18 months.
I got my money after booking profit and buyer got flat at 4220/- and benefit of 200/- (current rate is 4420/-) and get possession 1 yrs before the phase 3.
Buyer is my friend and we have agreement also so I assume this legal. just want forum’s feedback.
What about short term capital gain tax
Oh come on Harish. Stop being an agent of Bhartiya. REAL people who do transactions don’t come and announce that in public.
People here are smart to understand the difference between a publicity gimmick and well written comments of your telling how beneficial it is to invest in Bhartiya vs. an honest one…
-Prakash
Oh come on Prakash. Rs 250 per sq ft profit is not at all good deal unless he is in dire need of money . He is boasting for this one and you are opposing it. Very funny.
“Harish”
The returns you showed is very discouraging. You get a meagre return of a couple of lakhs after taking all the head ache and sleepless nights for almost an year. And that too you have to listen to music from your freind, no agreement outside original agreement can be legal. May be you should have held on to it for a couple of years atleast.
Exactly! I don’t understand why anyone with the guts to take a big risk with an absolutely new builder, which Bhartiya was -as of Oct 12, and who then held-on for a whole year, spending many sleepless nights, would then sell it for meager profit of 2 lakhs, after tax! That too, after Bhartiya have proven themselves, and have transformed into a brand worth reckoning in Bangalore. Waiting for another tension-free year (compared to the first year) would have fetched this person 20 lakhs pre-tax.
I am moving out of Bangalore and don’t want to keep this investment.
As few in this or google group asked so thought to share.
I know profit is less as I too expecting 5500/- to 6000/- Rate in next 2 yrs but don’t want to wait and invest as not in city. I had friend who wanted to buy and got good deal so win-win for both.
you can call me BC Agent or competitor, I don’t care
Hi All,
I am planning to buy a flat in Tower3 and need some suggestions on quality of the builder Prathiba Industries. The flat that I am looking at is not grounded( starts from 4th floor upto 16th) . Hope the plan is not too ambitious for the builder.
I visited the Bhartiya City and like the Loft plan, but before moving forward i want the opinion from this forum about this Project though i have an apprehension that it will take more than 5 year to develop this.
Meenakshi
Bhartiya is hosting the Edinburgh International Science Festival for the first time in India. This is great news! Why? Of course, promoting science is always great, but it will also draw a large audience to BC and will fetch BC a lot of well-deserved publicity. If any of you has noticed, you will know that BC already hosts most rock concerts now, and has taken over palace grounds in this respect in only one year!
All this points to only one thing: BC will become an iconic project in the near-future and will be considered a landmark. And that’s always good news for buyers.
one way Bhartiya is claiming that all flats are sold out and other way able to see ads last so many days.
I am not sure why need ads when nothing is available.
I am expecting positive comments about Bhartiya from Saurabh and VGK
hi, i have recently bought 1.5 bhk property in T3 here & i want to upgrade to 2 BHK but not getting positive response from bhartiya city. any help?
Hello Saurabh,
At what rate did you buy and when ?
I am interested as well.
Thanks //DS
BC has pics of construction-progress as of July on their website. Just thought I’d post it here in case anyone hasn’t visited the site recently, and hasn’t seen the pics either.
http://www.bhartiyacity.com/nikoohomesprojectprogress.aspx
It looks to me like the pics are a mix of BCIT (judging from BL Kashyap’s cranes in the pics and the level of progress in some pics) and also Nikoo homes.
It would have been great of they had kept both separate, even if BCIT’s development matters quite a lot to Nikoo Home owners ( the earlier they complete BCIT and companies move in, the faster your apartment will appreciate)
Looking at the thick square columns, the regular spacing, and the clean straight floor plates, its clear that these are office blocks. Residential construction usually features thin rectangular columns, irregular spacing, and floor plates with a lot of offsets. These photographs are all of an office building, not of the residential development.
I did not see any photographs of residential construction in those links.
IMHO, showing construction photographs of an office building, and then calling it ‘Nikoo Homes Project Progress’ is straight, out right, lies. If these are photographs of another project, – even if it is connected or part of the same masterplan – they need to clearly spell it out. Or I’ll assume they are trying to mislead buyers.
Agree with .Harshareddy .On wikimapia also somebody has marked the area where construction is going on as “Bhartiya city IT zone”. The appearance of the structure being erected is like a commercial building. Single structure measures about 300′ X 170′ . The structure being erected is only a single block.. This is not a residential structure. the wikimapia photograph is of April 2013. The is no sign of other construction on the site except the office of Bhartiya.
I am sure it’s an honest mistake. If you look at BC’s home page, you will see links to:
Nikoo Homes
IT Park
Financial District
Construction Progress
You’ll see that ‘Construction Progress’ resides in the Home Page, and not inside ‘Nikoo Homes’, clearly implying it is meant to track the construction progress of not only Nikoo Homes, but all projects.
The only mistake was naming the ‘construction progress’ page ‘nikoohomesprojectprogress’, which must have been due to some oversight.
I didn’t find a feedback form on the website. Please write to them, or let them know when anyone of you visits BC again, that you would like to see the progress of Nikoo Homes in a separate section, as most people cannot be expected to be astute enough to tell the difference.
positive comment from vgk 🙂
Be careful, too much of sweetness is not good for health.
Well, dear, in case you didn’t notice, I was the one who identified the issue with the pictures first 🙂
I can be negative too, but overall, Bhartiya has done a fine job so far. We will have to wait and see if they can keep the momentum.
Are u a civil engineer or architect. Have u visited the project in person. Then how can u guess like this. This proejct is mivan type construction. Come and see the status of the project and talk. I’m a project manager of this residential proejct
Few in this forum are Sale guys from BG so don’t trust and they can call me competitor if I put anything negative.
Few facts about Bhartiya city –
If want to sell apartment after 18 months, need to pay full amount before transferring agreement. ( addition to Rs100/feet)
Confirmed from Pratibha Industries that total cost of Nikoo Homes(Bhartiya city) of 32 Lakh sq.ft in Rs. 272 crores. So it comes around Rs 847 per sqft ( not only for tower 5/6/7/8/9)
Bhartiya is charging 18% if customer is defaulter but same time paying just 4 Rs /Sq feet if delay
Need 300 Crores for IT SEZ and 600 Crores Leela Palace but Nikoo Homes sales is of Rs 1200 Crores.
Alerady paid 300 Crores to IL&FS for Exit.
Bhartiya has raised 700-crore debt for the first phase from a consortium of seven banks and paying 18% interest.
Bhartiya city’s land is on mortgage with Corporation Bank.
Some one put marking for graveyard near BC on Wikimepia but someone by name golu deleted the same. it is confirmed.
Creating virtual scarcity for unit but same is available if go for Higher floor.
Still have units in tower 4/5/6/7/8/9 but if call you get answer that nothing is available. After 3-4 days get call that few units are available and can book.
Yes! Very true…..we also received call for higher unit for continuously 2-3 weeks even until now….but when we ask for middle floor agent will say not available or management has blocked..how it’s possible?
agree with Karan…these facts are right and i also kind of got similar response…for people who are sitting outside…NRIs who have bulk money for them they neither care nor have anyway to check these…for us who are in Bangalore…we know the facts..and i personally think…apart from appreciation and the rosy picture shown by builders….i would rather go with a builder who is somewhat ethical in this dirty real estate market….i have a Sobha property and Mantri too…based on my experience… Mantri was the most transparent and ethical ones…its still a privately held entity and hence let them run it the way they feel is right…i was pretty happy with Sobha as well but then they are arrogant and never give a damn what customer is asking for…its always take it or leave it… i would say…choose a builder whom you can rely on….returns will anyway come….but all that tension and feeling of being cheated wont be there is you go with an ethical builder….though at the end…its a dirty unorganized market…and no builder is saint…but yes..its like best among worst 🙂 but i feel my money is safer with a brand like Mantri or Sobha…at least they deliver and have a strong track record….again..its an individuals opinion ..after all your money is your..and the decision to where to put is your entirely…
as Karan pointed out…don’t go with the wave….everybody else is taking/investing so should i…check the facts….and enter carefully…i personally didnt found thier Sales guys to be transparent…also…they are sweeter till the time you haven’t interested…once done..you are in the net….and then you see the slowness in response..and change in tone and attitude…my friend booked…and was not happy…but what can you do once you enter…exit in this case is not so simple..
Hi All,
Somebody here commented that Tier A builders suck blood out of you…. But what are BC investors are getting….1.5 lakhs for a tiny kitchen that is mandatory after agreement … But promised as it is optional before and then backing out …. What is this called then …. And many other complaints by buyers/ investors is not unfounded ….only the persons who have already invested here keep on hitting at any negative reviews ( which they assume since they own their homes)… And try to neglect or undermine the truthful experiences of real buyers here….
I feel even if you pay few amount extra for Tier A builders, it is worth it because you will definitely get a good appreciation and resale will be easier….that too with your peace of mind intact for your hard earned money… Though Bc is good in terms of configuration, others like Mantri lithos, Sobha city, and Gcorp Icon, salarpuria, purvankara are much better options and value for your hard earned money… What do others say….. I don’t want reply from people already invested here because they will be biased and always lean on one side( who don’t take anything negative, which they assume to be, even though they are truthful experiences of BC buyers here….
Hi, I had booked a 2bedroom flat in tower 5. Now tower 3 bookings have started. I want to upgrade to a 3 bed room flat in new tower. I’m asked to pay cancellation fees of 1percent. But initially before booking I was told that I could upgrade without any penalty. Has any body come across a similar situation.?
According to some posters here, you are allowed to discuss only positive things about BC. If not, you will be branded as a competitor.
Tarun,
That is not true at all. Informed and balanced negative comments are just as welcome as positive comments. But can you, in good conscience, say that most, if not all, negative comments posted here were posted in good faith. I’m sure you cannot. They contain blatant lies and gross exaggerations. That is all anyone objects to, here.
Krutika,
Are you sure they offered you a free upgrade to ANY TOWER later, at ANY TIME IN THE FUTURE FROM THE DATE OF INITIAL BOOKING.
And, were you told that you would get the upgrade for the same price-per-sq-ft that you initially paid for the lower option, or would you have to pay the latest price? Just curious.
Hi, At the time of booking i was told, if i want to change booking, i will have to pay by prevailing rate but there wont be any cancellation fee. Though i never used this option.
Hi,
Can I know whom did you contact? As we also want to buy a flat in tower 3 but sales person saying all has been booked…:(
Can someone help me showing their ads. I want to see what they have advertised and what they offering. I went to BC yesterday and they said, they have home sin Tower 3,2,1. But Iater I found out it to be sold out
I have upgraded from 2 BHK on Tower 8 to 3BHK in tower 6 without any penalty being charged.
Hi,
Would request a non biased and a rational view on purchasing a 2 BHK flat with BC. I intend to buy one tomorrow. Any inputs will be welcome..
A bit disturbed by reading the above comments..
Do not get disturbed.. I had a same experience when I saw this forum first.My apartment number is 41903 if you wish you can verify. My AOS is under process & I have no view to withdraw even after looking at all below comments. My experience with BC is positive. Do not think about the grave n all.. I personally visited site today & did not find any grave as such. Even if its there is not attached to any BC boundary wall.
About the completion & promises I believe there is a risk with every builder. But for sure this would fetch you a good appreciation upon completion because of lot of reasons. BC is a wholly owned property & there is no Landowner share involved so this gives lot of relief.
I say go for it, not because I have bought it just because its the best & affordable property in whole north bangalore.
GOOD LUCK !!
Looks like you are a fake. The flat number, 41903, that you gave belongs to some Kundan Kumar.
With whom did you verify my flat number? OH!! now am scared if someone else has hijacked my flat 🙁 Please provide me the name & contact of that BC person who gave this info..
Tomorrow I am planning to meet CRM.. can you call me @ 9900136123. We can work out some convenient time & catchup..
Hi, all
Need your help or advice.
We have sent cheque amounting 400000 before. 2-2.5 mths for tower 3, 3 bedrooms. But recently the sales person said it has been launched & nothing is available in tower 3 & everything has been booked for 3 bedrooms. Next day he said, 1 is available at very high floor we didn’t agree as that was too high.
After that whenever we called the sales person is not picking up the phone. We don’t know whom to contact.
Can anybody help in this matter?
Don’t buy even if they give free now… They collect express of interest and make us to wait… when they get more people and have some influence get odd things for common guys…
Me & my friend have waited for 4 months and they BC played same game with us… We said no… decided to not book any thing in future any BC projects…
It is about ethics… if we encourage such thing by booking units then they do same…. that why are at receiving end…
It is your wish… I Just told our story. We are not regretted our decision or not interested to spread wrong about BC..
It must be true that everything’s booked. Based on the response, I am sure more people must have expressed interest than there are apartments, and inevitably, multiple people must have stated a preference for the same apartment. It is good news for existing buyers as the demand is still solid and with so much demand the prices will certainly start going up in increments of Rs.200 or more soon, instead of Rs 100 now. At this rate I expect the price to be Rs.6500 per sq ft soon.
But the way they are handling the booking and expression-of-interest for recent towers is terrible. They should have been prudent enough to not allow more than one expression-of-interest on an apartment (it looks like they are not doing it in this manner judging from these incidents), and should have given the person who expressed interest first a few days to finalize the purchase, failing which they could then have moved on to the next person, so on and so forth.
VGK, what is ur post in BC group? i want to book a flat in BC but i am not able to find a right person, the sales guys r not up to date, they r not able to give me correct information as u have more then them, so give me ur no , id then i will contact to u only, its better
Hello Raghu,
I have booked a flat in block 2 y’day. They mentioned that the allotment will take about 2-3 weeks. How long did it take for you to get the no. Also let me know what legal docs. I should be seeking from them to check.
Thank you
I see no reason for you to get disturbed for anything. It is an excellent project and the unknowns are the same with respect to all projects. There were some initial apprehensions. But things seem to be almost on track. We got the signed agreements from the last week as well. The area is good the project is good and the price is not bad at all. So i would say, GO FOR IT!!!
Buying it or not is entirely up to you..I would only like to shed light on the negative comments:
That is the whole purpose of some people (with vested interests) here. They want to scare people into not buying apartments in BC.
They always pose like concerned buyers, but if you look closely at their claims, you will see that everything they say about BC is:
1) Always very negative
2) They always claim to be very well-informed, and say they are 100% sure about their negative claims about BC.
3)Some also incidentally seem to know a lot about other projects which they claim are better..hmmm
4)And most of them claim to have bought still bough BC, and fallen into BC’s trap, in spite of being such clever people with so much negative information.
What I infer from this is:
1) They are unbelievably stupid to have bought BC in spite of knowing with 100% certainty so many negative things about BC.
2) They have not bought BC’s apartments like they claim,and are making-up all the negative claims.
They started last year with statements like ‘new builder..what if they run away with our money’ and when they saw that it was not having much effect and many were still queuing up to buy BC,and BC was proceeding as per plan, they moved on to:
‘the area is yet to develop..better to wait until it develops more’ . Those who waited for the last 6 months are now more confident about the area and BC..but they now have to pay 12% more for an apartment as BC’s price has gone up by that much in the last 6 months. Anyway, the rumor-mongers next moved on to:
‘It will be too crowded..too close to malls, 5-star hotel etc’…and when they saw that this too was not having much effect, they moved on to:
‘this project is better than BC..that project is better than BC’, and they did this by making negative false-claims about BC’s features and positive false-claims about the competitor-builder’s projects. When some of us debunked each claim, they moved on to:
‘ the peripheral ring road is cancelled’..when this claim was challenged, they moved on to:
‘ there’s a graveyard near BC’ this claim too has been thoroughly disproved now.
It’s time for the next bogus claim. What will they come up with next..let’s see.
@VGK.. you are right in all aspects except the graveyard part. that is not totally unfounded. I am witness to that.
But as i have commented below.. it is too insignicant
Housing probably won’t make you happy
http://www.nytimes.com/2013/07/14/realestate/homeownership-the-key-to-happiness.html?pagewanted=all&_r=1&
Ashish,
how about the change of rate? i mean did you pay as per the new rate or the rate at which you originally booked in tower 8?
Came to know that have graveyard behind tower 7/8/9 in Bhartiya city. Any idea. ?????????
I know graveyard behind the sobha but came to know that have one behind tower 7/8/9 also.
http://harshasagar.com/2011/06/25/sobha-city-bangalore/comment-page-1/#comment-15090
Today I visited the site and didn’t allow to go near the site because of security issue. I asked about graveyard behind the tower 7/8/9 but got reply that it is not true.
I visited the back side from the other side and confirmed that have big graveyard behind the tower 10/9/8/7
price now is 4520/- for Tower 3.
Do you even know ehre Tower 10/9 /8/7 are there? Unbelievable you are. There is no way you can figure out which direction you are in. there is NOTHING There to see inside BC. You don;t know which directions the buidings are going to come. There are compound walls around BC. You have to do a LOT of guess work right now to know where BC towers are and where the cemetery is.. then just how can you even say that there is BIG grave yard right behind these towers. By the way. I have booked it the 5th tower(50608). Not that it affects me. For all you know those graveyards may be in front of the 5-7 tower instead of 10/9/8/7. It is too premature. By the way people need graveyards too.. we all need to go there one day!!!
Hi,
I checked on maps, all around Nikko Homes, but cant find any trace of a graveyard.
Yes there is a graveyard behind Shobha City and its visible also.
But if you have seen the graveyard behind Nikko Homes, can you please mark is on wikimapia:
http://wikimapia.org/#lang=en&lat=13.084724&lon=77.647591&z=16&m=b&show=/27704723
All the buildings are well marked here.
I know IT guys are innocent ( fool 🙂
They believe more wikimapia / google map than others. life is only computer / internet / facebook etc
Search god on net – how to see god in google maps ( About 79,200,000 results) 🙂
nothing personal but Narayan and Saurabh – can you visit site and check before commenting.
People need graveyards too.. we all need to go there one day!!! but first enjoy stay in BC 🙂
@rohit …i don’t know whether there is a graveyard or not and neither I have bought a apartment in BC nor
planning too….but bro I liked you comment alot 🙂
cheers.
While I agree that one must visit the site to confirm anything for sure, you are not showing yourself as any less foolish when you disparage IT guys with such abandon.
You surely understand that the maps on wikimapia and google maps are nothing but satellite images, that is actual photographs. And I am sure even you understand that what you see on a photograph is what would have been on the ground when the photo was taken. And BC’s foundation-related work is clearly visible on the map, so the images cannot be very old either.
What you must understand next is that if there were a graveyard, you would see tombstones scattered all over the ground, which would be clearly discernible even in a satellite image. For example, near the Sobha project, you can clearly see what looks like tombstones scattered across the adjacent plot. BUT I SEE NOTHING OF THAT SORT BEHIND BHARTIYA TOWERS 7, 8 AND 9. I ONLY SEE BARREN LAND AND SMALL-SIZED CONSTRUCTION AT A DISTANCE..What kind of a graveyard has no tombstones? Please enlighten me.
Rohit,
Not every one who uses internet is an IT guy. It just shows myopic thinking.
Not every one who bought apt. in BC lives in Bangalore. So it will be actually foolish to travel to Bangalore only to check that if the graveyard is behind BC or not, just because some one on internet told so.
Yes I believe Internet (which gives proof) more than any anonymous person on internet (who can’t give any proof).
It’s actually foolish to think that the graveyard popped up just after the map images were taken. If it’s there it should be visible.
And yes Internet much more required by all than graveyards.
I confirmed..there is no any graveyard at back of B tower 4,5,6,7,8,9,10.
Thanks for your advice to visit the site. I went back side by my own vehicle.
Nikko homes construction is at full swing..Thanks Rohit.
If I understand correctly, you personally visited the site and confirmed that:
1) THERE IS NO GRAVEYARD NEAR THE TOWERS
2) CONSTRUCTION IS GOING ON IN FULL-SWING
GOOD! Now that the top two rumors of the past 1-2 months (that there is a graveyard adjacent to some towers, and that Bhartiya is incapable of timely execution of the project) have been quelled, I wonder what the rumor-mongers will come-up with next.
“construction in full swing” does not give you guarantee of timely completion. Construction started late than promised and it can slow down at any stage of construction. I too wish it to get completed soon but your statement is childish. It looks to me that people go crazy after listening any negative comment about the project they bought. It shows how immature people are.
Constuction in full swing does not also mean that the project will be delayed. Negative minds always thinks about negative things.
Dear Bhola,,I am not nearly as crazy, immature or childish as you seem to think.
You cannot fully appreciate ‘construction in full swing’ outside of the framework of the sum-total of every single negative post here since Oct 2012.
You will first have to visit every single negative post and understand the magnitude of the aspersions that have been cast against BC at different stages, by people with vested interests, no doubt, almost all of which have turned out to be unfounded so far.
The hyperbole you will find in those posts, I assure you, will make what may at first be construed as slight-exaggeration in my post seem like something straight out of the Indian constitution in comparison
Hey!! Well with due respects to all u guys who have posted negative comments out there. My only request to you all is please authenticate before posting any such comment, for 2 reasons. 1. We all have in a good faith invested our hard earned money in this property. This might make us panic & disturb our sleep 2. We might have invested either to stay there or to resell in future & in any case such comments might depriciate our own property value (Pls realize WE OWN IT NOW). I appreciate guys who have invetsed their time & efforts to find out the facts & have bot it to the lime light. Every property has positives & negatives and i am sure we all are wise enough and have guaged it before making a decision of buying. So let’s look at positives & be positive. Cheers, Raghu!!
Hey Rohit,
Yes. I am an IT guy and I am very proud of it. Have to say that we are more logical in our approach. I ll not go stand in front of the graveyard and guess from there if the tower 7,8,9,10 will come here or not.
As far as enjoying BC before going to graveyard is concerned it is not your or my hands man… Our grave yard time is not fixed by you or me… so don;t take that for granted.
Being computer literate/Internet savvy is not a crime. There are tools available now which are better than your naked eye that has done a great assumption/guess work. wikimapia is one such tool. Educate yourself!!! don’t make a fool out of yourself thinking everyone else is one.
Ok, Guys. I personally went around Bhartiya City on Saturday and here is the news. I CONFIRM that there is a cemetery in the vicinity of the tower 7,8,9. But it is too insignificant . There are quite a few graves there. but mostly covered with bushes and trees. I have a pic of the cemetery with BC’s concrete mixers in the background. I spoke to a local there who is currently constructing a house right next to the compound of the cemetery. He confirmed that the cemetery is ‘inactive’ currently and there is some litigation involved there. He was also of the view that the cemetery would be removed(which i believe is HIGHLY unlikely). I personally am not affected by this. I have mine booked in tower 5. But my feeling is that it is too insignificant. So there is nothing much to worry about.
I visited Site today.. I took pictures from site.. Towards North private property.. South BC road.. East Army campus & cement mixers, West Private property.. 7,8,9,10 comes towards North. Where is the grave?? just next to BC main boundary wall is mixers & adjacent to that is army campus. Army campus entrance is from hennur road. Where is the grave ?
Today sale for Tower 3 is open & its 4420/- Sqft. I would say stop misleading people & share good feedback about property. That will help your investment if you are really one of us.
Plan of PRR has been canelled
Did BDA say that it has stopped PRR plan ? Stop posting nonsense !!
http://idd.kar.nic.in/docs/41.peripheral.pdf
From your language it appears that you are trying to dictate your command on others. I am extremely sorry if you have been hurt & irritated to that extent. An investor or a customer do not get irritated by any comment because he/she wants to know more and more about any project. A saw a comment in this thred that PRR has been cancelled & tried to explore it. The file of environmental clearance for PRR has been closed in 101st meeting of SEAC. It made me suspicious about the fate of PRR. At least the project is not going to take shape in near future say 10-15 years, because the file has been closed due to non communication from BDA/ Govt for long 2 years. Should I or any body give his/her hard earned money to builder without inquiring & clearing all doubts. Will the builder refund the money ones paid.. I am still not able to understand what irritated a real investor in BC?
If it was detailed comment on PRR to probe its progress/status, I wouldn’t have passed on that comment. A cheap baseless one liner! yes that made me irritated.
getting easily irritated is not good for health(My advice as a Doctor). Your first line was sufficient. Well forget all that. I don’t have any bias for anybody. But I am worried about recent developments regarding PRR.
Well each passing day the experience with BC gets more and more bitter. Countless number of times these guys proised that 1.5 l for the kitchen charges are optional, before selling he flat to me, now after executing the agreement they are telling me that its mandatory. Its not about a meagre amount of 1.5 l( which infact is exorbidant considing the extremely tiny kitchen and the work done in it), but about ethics. These guyshave gone bak on their word so many times that it makes the experience sour. I would urge all the future uyers to have everything promised written down before you give your cheque, because going back on their word seems to be running in their blood. Iwish out of the crores they have spent on marketing, he would have spared some money for ethics training as well.
even if you take everything in writing, they can still change unless it is mentioned in the agreement. Agreement is the final document and no other document is valid in front of agreement.
Mr. Jain,
I booked the flat in Dec, that time it was clearlysaid that, modular kitchen will be provided by BC without chimney and stove, the same has been captured in the price list also !!
Well just to let you know..that the white kitchen shelf they have shown would also not be a part of the deal. It will be a normal granite stone..not the white man made stone that was there in the sample apartment…that too I gotto know now..just after the agreement.
Well. I don;t know who promised you that. I visited 3-4 times and everytime we were told that the kitchen and the bathroom is part of the cost and is mandatory. however the Wardrobes are optional. I know you were misled and you got misled yourself. This is definitely not a promise broken. 050608 just in case you think i am a ‘spy’
How can one mislead himself??? Well the only wrong thing I did was not take it I writing…but however I recorded the conversation….even though legally they are not bound but I can prove that the bc executives are liars…maybe you were not promised that..good for you and you were lucky..maybe I would have still bought it if they would have said kitchen is mandatory..but its interesting to see what these cheapskates stoop down to just to sell a flat…
Are you the same mohit who divided the owners who were parts of the google group by falsely accussing the moderator of the group to be an employee of hdfc bank so that the owners leave that group and join some other group created by you. I know the moderator personally and he is not working in hdfc bank. By the way, you have been successful to some extent as a few owners left the group without verifying the authenticity of your claim. The google group is now more stronger. It has now 800+ members with active discussions.
The latest news i got is of approval by Govt:
http://www.deccanherald.com/content/314232/after-8-years-govt-okays.html
How can it get cancelled in 4 months of approval?? any sources?
http://seiaa.kar.nic.in/101st%20SEAC%20meeting%20(05.04.2013).pdf
See Page-14 of 101st meeting of SEAC, No action is being taken from the BDA/ Govt Side & file for environmental clearance has been closed. It at least shows that the project is dying or may take 10-15 years to take shape
Oh, only the environmental clearance, that it will get. All projects will have such issues, and they get done.
The only thing that can delay the project is land acquisition.
Anyways, looking at BDA’s previous track record (ORR, Domlur and other bridges) i am looking at a 10 year time line.
Yes,You are right. We may hope this PRR gets ready in 10-15 years provided the new government does not change every thing again & further provided that the provisions made by BDA or other autorities for land acquisition is in line with pending new land acquisition act draft ( if it comes in force), because as per the link of deccanherald provided by you, govt changed the plan (at least width of road) after taking a time of 8years( only) for thinking.
Oh yes, I forgot to factor in the condition that there is a govt change since the decision was taken. This is an issue, that new govt ‘may’ change the alignment. Better try to find out whats the latest update.???
Just an update, Prestige Sunrise Park e-city, is also having PRR passing in between it.
True, Prestige Sunrise Park has even factored the PRR and made it as two separate projects (technically).
After many mails in reply to various doubts raised by various ppl in this form, here I am consolidating my experience, it can be considered a personal review.
Why I invested in BC:
1. IDEA:
Of all the projects I saw generally across India and specifically across Bangalore. I found BC has the most attractive idea and they have explained it very well. And the effort they put to show case this Idea evoked confidence that they can deliver. The essential requirements of a smart city are a part of the plan. Over all its about a wonderful living standard and lifestyle.
2. PROJECT:
Its a large size fully integrated project of 125 acres. With every thing inside.
a. 2500 flats
b. Malls/multiplex
c. IT parks
d. 5* Hotel
e. School
f. Hospital
g. Luxury apartments
The only other similar project in Bangalore is Prestige Shantiniketan. BC scores even on it with It’s innovative ideas.
3. LOCATION:
Promising location with lot of potential. North Bangalore has already gained the status of prime location.
a. Closeness from Manyata Tech parck (with 1000’s of jobs)
b. Near by airport
c. On proposed PRR
d. Many major large scale projects on same road and on near by Hennur road
e. Hennur road to be extended to airport
4. PRICE:
Looking at the project the price is very good. Near by projects like Shobha City with are not as big as BC are quoting @ 5200/- (latest block).
5. FUTURE PROSPECTS:
This is common to all the above points:
a. Hennur road to be extended to Airport
b. PRR
c. BC will become a landmark in Bangalore and a cherished ‘Address’
d. High appreciation expected on current price
e. Hardware park & Aero city will be near if they materialize (land is already allocated)
What I am afraid of:
Like any other project, BC has risk and that to on a higher side:
1. No prior exp. This is a huge risk, specially looking at the size of project. Project execution is tough thing. It will pose lot of issues to BC and to customers.
2. Delay: Looking at the size of the project, delay is expected, specially with due to no prior experience.
3. Delay in SA. This was uncalled for and don’t know why they did it. If it was not intentional the above point gets even stronger.
4. One sided agreement. Most of the big builder have biased agreement, but BC has taken it to next level, its just short of infamous DLF agreement for which DLF has been fined 660 Cr. (but looking at Indian legal system, DLF might not end up paying that much).
5. Indifferent behavior with customers. Even with no exp., long delay in SA and the one sided agreement, BC’s behavior towards customers is beyond exploitation. It’s like, don’t ask any questions and don’t expect any changes just take it or leave it.
6. 25% SA (margin) amount, while for other projects its 20%. No reason why its 25%? May be BC wanted to raise more cash and they knew they can raise it.
VERDICT (personal):
The project is very promising. And like any promising project is of high risk. If executed properly is of high return too. And no other current project can parallel it in Bangalore in terms of scale and ideas.
Had customer care been taken care of in a professional manner, customers would have not felt the pain and would have not been speculative about the project. This does not means the risks would have reduced, but the customers would have not felt it so strong and would have shown confidence.
Anyways, till this point, I think the project is promising and good for investment in long term.
P.S.: these are my personal views and every one is free to differ.
At saurabh ,
Now this is the one real truthful opinions from saurabh. Even though he is an investor in Bharatiya City, his approach is not entirely positive nor entirely negative. You can make out that this is his real unbiased opinion regarding BC. I truly appreciate your unbiased review Saurabh. Hope this helps other people to take informed decision so as to know what they are getting into while investing in BC.
Regards,
Sumeet
Can someone please send me the draft agreement copy.. I have booked a flat and have paid 25% of the booking amount but unfortunately still waiting for the SA to happen. The sales person has stopped picking my phone now .. all this while till he got the cheque from me he kept saying the SA will be ready in 7 to 10 days and now he does not accept making such comments. I am getting worried, have I taken the right step. I went through the website to see if I can talk to someone senior but again I think there is lack of transparency here as no details are available and the sales person tells me that I have no choice but wait.. I feel this is not right.. not sure if this forum would help me derive at the right conclusion…
Please call suvojit on9900082260 if you still find difficult let me know I will put u on with top management people
Hi,
did you speak to the person i referred, if not write to crm@bhartiyacity.com
Those who have booked apartment can join the following group by providing their details.
https://www.apnacomplex.com/complex/nikoo-homes/join
Note there is a google group too and it was started by some bank person hence is not functional in right way.
There is no issue in getting agreements, documentations etc. Only issues is BC is not willing to make any changes in the agreement.
You please write to CRM and meet concerned person for your tower to get your problem solved.
I want to book apartment either in Bhartiya city or Brigade Golden Triangle. Need help to decide which project is god.
Bartiya city – Rs 4320/sqft
Brigade Golden Triangle – Rs 3790/sqft
Brigade is good and can assume good return but came to know so many negative comments about Bartiya city. I came to know that Bartiya city is planning to costruct 10 more towers and going to use same amenities for 20 towers.
Need suggestions so can decide fast.
Hi,
If you want to take my suggestion then do not invest in Bhartiya, I have already invested and I am regretting now. I am going to challenge them in consumer court now..and if anybody wants to join me kindly join me in my protest, I have already decided to expose them in front of government/ IT department and their customers.
They are following lot of malpractices and their SA also has lot of FLAWS.
Some facts for your consideration –
1. They want 25% of money without banks involvement. God knows how they are going to hide this 25 % transactions from Government.
2. You will not get Sale Agreement even after submitting 25% amount. Only god knows how much time they are going to take for processing this.. or will they process??
3. They are not even ready if customer pay 15 % cash and take help of Post dated cheque for 10 % till the time Sale agreement processes.
I hope it will be useful for you to make your judgement,..
Hi,
Some clarifications for your doubts.
1. Why you think 20% is hidden from govt?
Just like other projects have 20% margin money theses guys are taking 25%. And no where bank is involved in margin money transaction.
2. You can get agreement copy immediately. It has been signed for many ppl.
3. No grade A builder will agree for post dated cheque.
Its true that they are pretty bad in handling the customers till now. But not because of the above points.
I hope you have read my complete description. I have not said that 100% will be paid from bank, FYKI I have also gone through with all the procedures because I have already availed loan from nationalized bank so you can understand the kind of procedures they follow and for sure they might have explained to me as well.
I am also an educated person and know loan process very well..so without doing my homework I will not waste my time here in writing baseless contents…
Here issue is, Bhartiya is asking 25 % from customers pocket without giving SA to them, they process it after 2-3 months. although they say it will be executed by 7-10 days but my friends got after 2-3 months.,(Could you please explain why it takes 2-3 months?)
Could you please explain one thing to me, if nationalized bank says they will give some portion of money in the beginning as government has also mandated 20-80 rule.
and later they will adjust with remaining amount because they can not give more than 80% in any case…(there is no point to doubt on their credibility)… And moreover Bhartiya is getting their money so why they specifically need 25 % from Customers pocket..
You look very matured and knowledgeable person so probably you could explain me, however Bhartiya is not able to provide me any justification.
For any builder, money is important not the source.. here it is not black money.. it is coming from nationalized, after following 1 month’s approval process..( Bank has already checked my financial capabilities and done risk assessment and based on that only they sanctioned the loan)
Sir, I hope you might be able to give my answers however Bharitya is answerless, they did not give any reason so far… and If you need I will forward you all the conversation to your personal mail ID if you would like to share it with me…
BTW margin money and all are basic concepts, and not jargons for people who are ready to invest 60 Lakhs..
Sir,, hope I will get some logical answers from you,, Bharitya has given all illogical answers so far… probably you could justify all these on behalf of them.. and they will also be able to refer your justification then onwards…
And for your information, tell me any reason for not involving banks in intitial transaction.. hope they are not hiding anything from government then what is the
benefit out of that.,.. they will get their money,, and that too from Nationalized bank …
And one more thing about GRADE A builder, no GRADE A builder takes so much time in processing SA, and if customer pays 15% initially and 10% PDC from banks till the time they execute SA, then whats the problem?? could you please explain that also?? PDC is not for whole amount… it is for very small portion that too because they are not able to process SA on time..
Sir, fyi I am well educated and if you want to see my profile I will forward you that also..
rahuldesh4u, You have claimed -twice in the same post- that you are well-educated, which I trust you are. Yet, you have made many claims unbecoming of an educated person.
You have accused BC of malpractice. I trust you understand the gravity of the word ‘malpractice’. Laxity (for the delay in the signing of the agreement and for not communicating the reasons to the customers in a timely manner) and oversight (for not having a mechanism in place to handle bank-involvement for the initial installment itself) are the worst you could accuse BC of, in the given context. Malpractice, no.
You also said, “God knows how they are going to hide this 25 % transactions from Government.” This claim is ridiculous. Who doesn’t understand that it is not by transacting in cash that money is hidden from the Govt, but by not acknowledging the full receipt of the cash. This is of course done by not giving a receipt for the full amount paid in cash. Has BC refused to give you a receipt for the full amount paid in cash?
You further said, “You will not get Sale Agreement even after submitting 25% amount. Only god knows how much time they are going to take for processing this.. or will they process??” I completely agree with you about this. They should have handled this more competently.
You then said, “They are not even ready if customer pay 15 % cash and take help of Post dated cheque for 10 % till the time Sale agreement processes”- Please do not forget that no builder is obligated to accept the custom solutions you offer to the problem, even when it is fair and logical- it would add to the complexity. Some guidelines are created for the ease of transactions that happen in large numbers, which everyone is expected to adhere to, and it would be difficult to circumvent the guidelines for specific customers.This is more likely the reason for their refusal.
I have not justified delay in SA. Its an issue. But i think it was initial delay. Now its resolved and ppl are getting SA quickly.
I just want to know why u think 25% is black money?
As far as bank is concerned. They disburse any money only after construction starts. Check again with bank if they are ready to provide disburse it before that. BC has earlier said about parallel processing, but later when bank denied to disburse any money without constructing starts, the talk failed and parallel processing was not available. As i was interested in parallel processing and checked out with Axis bank, they told me this reason (and not BC). Had it been black money, they would have asked in cash and not by cheque and acc. transfer where it can be accounted.
Regarding banks involvement, i told earlier it self that in no project, bank will be involved in pre agreement transactions.
And no A grade builder will agree on PDC, weather you give it or bank. Also no bank will give u PDC without agreement. Also no bank will disburse money without construction started. Its the same process with any builder and any bank. Following is the process and its very straight forward.
Pay booking amt.>Booking done>within 30 days> pay margin money (20%)> SA done> Contact bank for loan> loan done > as per construction builder raises request > after inspection of construction bank disburses loan amt accordingly.
Only difference is BC is charging 25% MM and taking too long for SA.
Anyways, if u are confident that BC is not correct place to invest and all these reasons are right thn why you need explanations for it?
Hi Saurabh,
As I mentioned in some of my posts, I have already purchased a flat in BC.
And here I m not seeking for any explanation. I explained about my experience with BC and wanted to share it with others… there is no intention to denigrate them or promote any builder… we have been misguided by BC big time.. and that is why I want others to be careful when they want to go for this property… I have mentioned my Flat no., contact no. everything in my posts.. so please do not think that I am a local builder… in one of the conversations when we asked them why so much delay in preparing SA, then they said because of quantum of agreements to be executed it takes so much time…for preparing 10 mins doc they take 2-3 months then just think about 2500 flats…when are they going to construct… anyways it was my bad experience if anybody wants to believe it or not, their wish. But I am spending my time here, not to Spread rumours, it is my own experience…which I am sharing…
we r looking to take a flat can we go or not after reading the reviews
You think ‘Brigade is good and can assume good return’ and have ‘heard’ so many negative comments about BC, but still need ‘help’ to decide which project is good?
You also came to know ‘Bartiya city is planning to construct 10 more towers and going to use same amenities for 20 towers’ but still need ‘help’ to choose between the two projects? Hmmm..instead of all this trouble, you could have simply stated ‘ I want to spread negative news about BC’. That would have been easier and more believable.
Does BC pay well for defending them over here Mr VGK…
No sir, the pay is not very good; but I get to work from home. As a matter of fact, I have decided to change my specialization from ‘defend the builder’ to ‘ denigrate other builders’. So, like you, I will have to spend most of my time spreading rumors about other builders who are in competition with my employer, starting next week. I’d be grateful if you’d let me know which builder you work for; I’d be more than willing to change my job for a decent pay raise. Do let me know.
On a more serious note: I defend BC only because it saddens me to see prospective buyers missing a good deal, just because of some people engaging in fear-mongering, based on half-truths and misinformation. People deserve a balanced perspective, and I hope to be of help in providing that.
Thanks for bringing +ve side.. BC is good conceptually and risk will be there because of the size of project.. but many of the -ve comments here is based on lack on understanding on how builders work..
Customer confidence & support is also important for a projects success.
Hi All,
The person VGK seems to have some vested interest towards BC
He can’t hear anything other than positive things. He only wants all to be positive all the time… just because he has invested/ bought a apartment here and at any cost expects that the apt price to appreciate by just always defending BC and blasting any negatives or even the real experiences of people who have already invested in BC.
But the truth is there are many pros and cons in this project. So, allow all opinions to be expressed freely without being biased towards one side.
Regards
Sanjeev
Hello Ravi,
I have booked flat in bhartiya city and we can talk on phone regarding why bhatiya city is a better investment. 10 more tower news is not correct. My number is 7760532754.
Thanks
Aklesh Jain
I have few points and you decide which one is good –
Approval – Bhartiya city got all the approvals but Brigade Golden Triangle is still waiting( as per BGT need 1 month to close). So Bhartiya city is ++
Land Ownership – Bhartiya city is owner but Brigade Golden Triangle is in partnership. So Bhartiya city is ++
Price – Bhartiya city is 4320 + PLC (100) + floor (50 per 4 floor) but Brigade Golden Triangle is 3790 + PLC (90) + Floor (30 per floor) So Brigade Golden Triangle ++
Development Experience – Bhartiya city’s first development but Brigade Golden Triangle got many projects. So Brigade Golden Triangle is ++++++++
Timeline – Bhartiya city is 36 + 6 months(grace) (not sure if Bhartiya can complete in 42 months also) but Brigade Golden Triangle is 24 + 6months (grace) So Brigade Golden Triangle ++
Location – Bhartiya city is in prime location but Brigade Golden Triangle is not so prime ( as of today) . So Bhartiya city is ++
UDS – Bhartiya city is around 18 to 20 but Brigade Golden Triangle is 24 to 28 ( still not confirmend). So Brigade Golden Triangle ++
Transparency – Bhartiya city have many issues like club house ownership / tax from date of agreement etc but Brigade Golden Triangle looks good as of now (based on past exp). So Brigade Golden Triangle ++
agreement value – Bhartiya city asking for 25% but Brigade Golden Triangle asking for 20%. So Brigade Golden Triangle ++
Lock-in period – Bhartiya city has 18 months from date of agreement but Brigade Golden Triangle has 12 months from agreement date. So Brigade Golden Triangle ++
Brand value after 2 years – Bhartiya city has no history so not sure if can sell if need to but Brigade Golden Triangle has good market value so expecting to get good return.
So finally I have booked 2BKH at 3790 price in Brigade Golden Triangle.
Vgk / Saurabh – Confirm if you are from BC sales team. why you defend BC 🙂
I have seen agreemnt of my friend who booked apartment in BC –
1. if BC have no intension to build more tower, why no exclusive rights of Club to only existing towers ( same like Brigade metropolis)
2. Why tax (buyer need to pay) from date of agreement, not from date of Registration
What all points BC agree in mail not putting in Agreement it means they want, tomorow customers can’t take legal action.
Ravi, I feel the need to defend BC against unsubstantiated and exaggerated claims only: your initial comment mentioned BC adding 10 more towers, which is absolutely unsubstantiated.
BC not providing exclusive rights of club to existing towers could be for so many other reasons, and there is absolutely no need to interpret that to mean that there will be 10 more towers- by the way, where did you get the number 10 anyway?
Though I do not agree completely with your new post either, which compares BC and Brigade, I do find it much more balanced.
BC not providing exclusive rights of club to existing towers could be for so many other reasons –
-What is the reason. if have no plan to open more towers, why need.
I assume as BC is not selling commercial space and giving on lease / Rent same way planning something fishy with Club too.
————————–
Though I do not agree completely with your new post either, which compares BC and Brigade, I do find it much more balanced.
– so you agree than BC in not right investment 🙂
No, I think BC is a good investment. I also think that Brigade is not a bad investment either. Both have pros and cons, like you have enumerated. BC is slightly more risky, but the payoff in terms of price appreciation due to the location makes it worth it. Imagine: if everything goes as per plan, in 5 years, the prices would be something like this. BGT- 5000. BC – 8000.
Ravi, so if I confirm that I am not BC sales person you will agree??
Anyways, for ur comfort, you can check my posts in this discussion which were against the biased agreement.
I am not defending BC for every thing, but only for the points which are incorrect. And i am defending it, coz i think the points are not valid, had those points been valid, i might have cancelled the booking.
I agree, there are lot of issues, no experience (high risk), delay in initial formalities (again no exp.), bad attitude towards the mistakes done, biased agreement etc.
But for me the pros are more than cons.
Comparing BC and BGT may not be a fair comparison due to:
1. Location (rate mainly depends on location).
2. Type of project: BC is fully integrated township, while BGT is only residential. Price, time to complete appreciation depends on this. Its like comparing price of shantiniketan with any other residential complex.
Anyways, every one has different opinion and decision. And any how even after so much criticism (which is partly correct also) BC is getting sold like hot cakes.
So take it or leave it is personal choice.
Ravi,
One more thing. For any apartment you go for, buyer has to pay property tax. Its not about when the date of reg. or agreement is. Its about when the BBMP start collecting for that society.
Most of the issues raised here shows that the buyers are first time buyers and have not dealt with any builder earlier. Because most of the issues are common with any builder.
Some points are truly valid. And even i have raised those.
VGK and Saurabh: Is it not clear that rahul and Ravi are bogus and have an agenda? I was just reading through and the story is clear. They are most probably one of the local builders or agents who are trying to sell BGT. I would recommend ignore them. They are agents!!
Yes sir. I started to realize it when I was repeatedly asked why I was defending BC, irrespective of what aspect of BC I was defending. When someone refuses to acknowledge EVEN ONE positive aspect of a project, it is obvious they have an agenda. rahul surely falls in this category.
ravi’s motives are more difficult to gauge. His comparisons are logical, and his stance is not aggressive, but something is amiss. I see that it is the way he reasons with logic, yet abruptly concludes his arguments- always CLEARLY in BGT’s favor. Also the way he selectively quotes me out of context leaves me with no choice but to conclude that he too has an agenda. To his credit, he almost succeeds at masking his real motive.
People can see your real motive too mr. Vgk…..which is your support and defense of BC. At least Saurab is fair in comparisons.
Why no body answered about the low UDS ( which is important in long term perspective)
And about the clubhouse ownership not giving to Nikoo home buyers when all other buyers, even Tier A builders clearly mention about the clubhouse rights to its buyers/ inventions.
People here just argue and defend conveniently to the points they can answer. And very conveniently neglect and slip away from the above questions.
Anyone can answer the reasons for above instead of blindly defending BC. Comments please….
Mr Abhilash, you look like genuine person.. not a sales agent..
I am giving you my unit detail which I have booked in BC – 61309
if you want to contact me drop me a mail on rahuldesh4u@yahoo.com.
I will forward you full conversation with Bhartiya City..and what they replied based on that you can judge, who is working for whom…
That is true that it is my first property but I have consulted with many people and Banks & they all said BC is not following the right practice…
..
By the way – Unit no. 61309
Mail Id – rahuldesh4u@yahoo.com
I do not have time to denigrate or promote any builder.. here I have explained my experience..with all the facts and my contact details…
And one more thing, in your post you said I am one of the local builders…
\
Sir, please check if I have mentioned any other builders name? or compared with any project???
Honestly speaking I do not have time to write all these.. but I am sharing it here because I feel that people should have all these facts in mind if they go to purchase any property..
Anyways you have my contact details, contact me if you really want to check my authenticity.
Will definitely update you when I register a case against Bhartiya…
Vgk – BC is risky 🙂 If you promise BC Rs 8000, I can cancel in BGT which is only 5000. Stop this kind of stuff.
I am sure both will be in range of 7000 after 3 yrs ( assuming BC too deliver as per plan and don’t sell 10 more towers).
Saurabh – BGT also got commercial building at the entrance and a mall space is located at the left of the entrance. so can’t say only residential and location of BGT is also good. Airport is 25 kms / KR purman (10 kms) / on the main road. BC is not on main road so appreciation is more for BGT after 2-3 years.
Property tax is applicable when end user buying property. If any customer will go to Consumer count , BC is in trouble. Hope you are aware of DLF case.
Most of the issues raised here shows that the buyers are first time buyers and have not dealt with any builder earlier – If I say other way round that BC has not dealt with customers, first time seller / Bulider 🙂
Ravi, if u r so confident that bgt being better than bg, what is that stoping u.
Regarding going to consumers cort or any other court, if ppl start doing that, all the builders el be behind bars including Brigade. Wish we had such fast and good legal system.
Having a mall don’t make bgt a fully integrated projects.
Ravi, if Brigade had the confidence you have in BGT’s future price appreciation prospects, they would have asked for 5000/sqft now. They are not a new player, and have no need to offer deep discounts. They have priced it according to the value they see. If you are getting one of India’s best builder’s project, in one of India’s best cities, for a little over 3500/sqft in 2013, then you can rest assured that there’s a catch somewhere. Location is a major concern. Location makes or breaks projects, as you very well know. In this case, the tide’s in Bhartiya’s favor. Even a dilapidated building on MG road commands a fortune. Why’s that? Because location is king.
Now, let me go back to your well-argued comparison between BC and BGT, but factoring in one major point you conveniently ignored. Weights must be assigned to each point.All are not equally important.
Approval – you ruled this in Bhartiya’s favor. I give Bhartiya 5/5 and Brigade 4/5, as Brigade will get its approval too, if it hasn’t already.
Land Ownership – you ruled this in Bhartiya’s favor. I give Bhartiya 5/5 and Brigade 4/5 again , as Brigade is a big player, and would be able to handle such details without much trouble.
Price – You ruled this in Brigade’s favor. I give Brigade 10/10 and Bhartiya 8/10, as the price difference is not much- a little over 10% only.
Development Experience – You ruled this in Brigade’s favor. This is an important consideration, and I give Brigade 15/15 and Bhartiya 7/15. Bhartiya gets even 7 only because they have had issues with one single thing only, in such an ambitious project so far- the delay in the agreement.
This too is sorted out to a great extent now.
Timeline – You have ruled this in Brigade’s favor. I would like to differ with you. Some buyers would like early possession, and some others would like it to happen a little slowly- by this I mean well within the agreed upon deadlines of course. This would depend on their financing options, current housing options, their kids’ schooling options, their current work location and prospects of switching jobs, and many other factors. So both get the same points in my book. Both get 10/10.
Location – THIS IS THE SINGLE MOST IMPORTANT FACTOR TO CONSIDER. You have rightly ruled this in Bhartiya’s factor. Bhartiya gets 40/50 and Brigade 20/50.
UDS – You said Brigade’s UDS is not confirmed, yet scored this in Brigade’s favor. It is unfair to speculate, and so I leave this out.
Transparency – You ruled this in Brigade’s favor, and I agree that Brigade perhaps scores a little higher. Brigade gets 8/10 and Bhartiya 5/10. Bhartiya is transparent too- remember that no builder is 100% transparent, but their PR is not as good as it should’ve been.
agreement value – Brigade asks for 5% less money initially.So Brigade gets 8/10 and Bhartiya 7/10.
Lock-in period – Bhartiya scores very low here, especially as they are delaying the signing of the agreement. But lock-in matters only to people buying it for investment, and not to live in. That would be 20% of the buyers or so. So, for most buyers it is not such a big deal. So, brigade 10/10, and Bhartiya 7/10.
Brand value after 2 years – Brigade scores well here- 10/10. But Bhartiya transformed from a non-existent player to Bangalore’s most sought-after new-builder in 6 months. So, if things go well, their brand-equity is more likely to improve with time. Brigade 10/10, Bhartiya 7/10.
You be the judge.
a loud applause. clap clap clap clap clap clap clap clap clap
all,
There is comments favoring BC and BGT.
First of all the comparison itself is wrong.How can you compare BC to BGT
BC is 100-110 acre or so project with malls ,hotels etc if executed and BGT is just 18 acres of land with a office space and probably a mall or shopping center.
Brigade is leading developer and BC is new and both are in totally different locations.Why don’t there is a comparison between karle town center,sobha city ,Gcorp Icon and BC and projects like Pashmina waterfront,BGT,Prestige tranquility ?….Will that not make more sense ?
just my thought
Narayan
you are not absolutely correct . It was informed to me that modular kitchen is not mandatory . aswithi mentioned to me categorically . obviously 1lac 30000 is too much for modular kitchen . Also it is not the part of agreement.i am about to receive the agreement . will confirm clearly . i bought the flat in 8th tower .
Mr. Ravi
Very good comparasion between BHARTIYA CITY V/S BRIGADE GOLDEN TRIANGLE
Akesh,
There may not be ten tower, but BC is planning to construct some more flats in the south portion.
They might same club facility, which as owners for ten tower should object ?
Your view on this please
Regards
SPS
In south part, high end condos were already part of the plan right from the beginning. But i doubt the club house will be shared with them. There are 2 reasons.
1. The condos are far from Nikko Homes, also PRR will pass in between
2. Those will be high end luxury condos, I doubt they will like to share a club, that to this far.
But still we should get it clarified from BC.
The condos are far from Nikko Homes, also PRR will pass in between
– PPR plan is cancelled and till now no one from Bhartiya city has informed about condos . Hopefully get more surprises in future
Those will be high end luxury condos, I doubt they will like to share a club, that to this far.
– Now high end luxury condos, tomorrow, same like Shobha city ,can change plan from high end luxury condos to 10 more Apartment and share the same club 🙂
PRR is cancelled? is it confirmed?
Well, i read about the condos on BC website, its no surprise, it was there in in the site even in October 2012. Infact it was one of the reasons to book the apt. in BC.
For reference: http://bhartiyacity.com/district_8.aspx
Regarding Shobha City, or any other project, this uncertainty will remain, since there is no regulator in this field.
RER is highly required, else the builders will keep doing business on there own terms.
No, there is no space to construct 20 towers, from 10 towers only there are 2400 flats in 17 acres land. This it self is more number of flats
The total land is around 106 acres, out of which they are planning for another appartment blocks. Not in the same. If you have futher dout visit the site and clarify.
Accoring to me Bhartiya is better since it will come within BBMP limits & phase 2 metro is coming further it is developed full land then it will be good place.
I have booked the flat. If any further dout is there give your contact details .
All the Best
I got some interesting data –
Pratibha Industries has bagged Nikoo Homes(Bhartiya city) of 32 Lakh sq.ft in Rs. 272 crores. So it comes around Rs 847 per sqft
Net profit of Rs 1000 Crore (32 lakh sq feet * 4000 Rs per sq feet(avarage cost) – 32 lakh sq feet * 847 Rs per sq feet) for Bhartiya city
God only knows the construction quality 🙂
I was searching and came to know that average construction cost for Sohba is Rs 2250 per sqft as per below link –
http://www.bangalorenest.com/Top-Stories/Sobha-land-bank/
not sure how someone can construct in Rs 847 and give the same quality Sohba can provide, think ?????
Can you please provide the source of the construction cost u found for BC??
The construction cost of Shobha in that link is assumed cost.
It will be really interesting to find the correct civil construction cost of BC vis a vis reputed builders like Prestiege, Shobha etc.
Got price from Pratibha Industries’s site only. it is in public domain, search and spend some time and you get this 🙂
I am not sure how can do in Rs 847 per sqft when average builder is charging around 1700 to 2200 per sqft.
I think the calculations are not correct here. Total development area for residential is 3.2million out of which phase1 (Tower 7,8,9) and phase2 (Tower 4,5,6) have been sold out and construction contract of that has been given to Pratibha for those two phases. The development area of those two comes out to be 2.0million. rest 1.2million is Tower1,2,3 and 10. And Pratibha Charging 272 Cr means about 1361Rs/sqft. That is first mistake. Check this link:
Crisil Report
“BUILDCO launched its maiden real estate project in October 2012 and 95% of this 2 mn sq ft residential project (phase I – A) has been booked within six months of the launch. The company has appointed Pratibha Industries for developing phase I – A. BUILDCO is planning to launch 1.2 mn sq ft of the residential space by September 2013 (phase I – B) but is yet to finalise the EPC contractor. ”
Now when you compared it against Sobha you used back envelope calculations for Sobha using their financial sheet. In that, 2000rs/sqft will come including all the costs. There are many costs which are other than just the construction – like Marketing, Sales, Project Management, Architects, so on and so forth. That is the second mistake.
If you see the message from higher management in Bhartiya, the residential cost will come out to be about 800Cr which for 3.2million comes out to be about 2490rs/sqft and that seems at par with other builders.
Link
“We have already collected Rs.160 crore for the 1.7 million sq. ft sold so far and we are expecting to receive Rs.16,000 crore from the residential projects in phase one,” said Ajay Malhotra, group chief financial officer of Bhartiya International, adding that it is in the process of signing deal with Pratibha Industries Ltd, an engineering, procurement and construction company.
According to Malhotra, the cost estimated for the residential project is Rs.800 crore.
Thanks Yogesh, this info looks credible.
Also its a relief that its at par with A grade builders.
as per below link, got contract for 3.2 mn sq ft(32 Lakh sq.ft)
https://www.facebook.com/pages/Pratibha-Industries-Ltd/285106928204967
Suggest how someone can spend Rs 1000 rs/sqft for Marketing, Sales, Project Management, Architects, etc. I asked one of the top builder and it is around 400 rs/sqft
UDS is 20% so if take land rate as 1000 rs/sqft ( 4 cr/acre) so it is again Rs 200 rs/sqft
Actual cost is only 1361rs/sqft + 200 rs/sqft so total is 1561 Rs/sqft
Balance 4000 Rs/sqft – 1561Rs/sqft = 2439Rs/sqft is profit or other cost.
more than 60% = profit + other cost
profit is atleast 40% 🙂
https://www.facebook.com/pages/Pratibha-Industries-Ltd/285106928204967
We have bagged Rs. 272.00 crores , 32 Lakh sq.ft , Housing project ( Nikoo Homes) in Bengaluru for the Client Bhartiya City Developers Pvt. Ltd.
Foundation for Tower 10/9/8/7/6/5/4 will start in June so why tower 10 when Pratibha is not paid. just wait for 1 more month and you know the truth.
Thanks for the info.
But i find CRISIL report to be more credible than Facebook page update. As CRISIL report is official and if incorrect can land CRISIL in to soup.
So the construction cost of BC is 1360/- sqft.
I tried to search for the same for other A grade builder for some latest projects but could not find any. If some one can provide a credible source for that as well, we can have apple to apple comparison.
phase 2 metro is coming to nagwara circle , not to thanisandra road
People should know some interesting facts before going for this property –
1. They want 25% of money without banks involvement. God knows how are they going to hide this 25 % transactions from Government.
2. You will not get Sale Agreement even after paying 25% amount. Only god knows how much time they are going to take for processing this.. or will they process??
3. They are not even ready if customer pay 15 % cash and take help of Post dated cheque for 10 % till the time Sale agreement processes with the help of bank’s pre- approved loan amount.
4. Many people have cancelled their booked unit due to Bhartiya’s misguidance and some customers are going to file a case against Bhartiya in Consumer court.
They are behaving strange, when they are getting their money then why are they bothered from where it is coming..in any case it will be followed by government rules and regulations..as these banks are nationalized banks only..
SIMPLY NOT UNDERSTANDABLE ..
It gives only one message that 25 % amount is not transparent…
They say to pay 25% amount from customers pocket…(why? ) and then they will take their own sweet time to process SA.( People got in 3-4 months) . Why/??
Tell me 1 project where customer don’t have to pay money from his pocket and bank finances 100%???
For most of the projects its 20% from his pocket (its called margin money) only difference is that for Bhartiya city its 25%.
What is the logic of considering margin money as not transparent?
Hi,
I am opting out, hv been following this thread from Dec. Looks like guys like Sait and some others are CRM, just doing their job. The whole thing seems like one big risk. Too big for starters.Both ways. Will look at Webcity/Shoba/Tata. Bye.
Good some filtering has taken place.
Thanks for your comments.
You will find CRMs and paid-posters masquerading as prospective buyers everywhere. I’m sure there are some here too. And, even if someone’s not a paid poster, being a buyer (like many of us) is reason enough for a person’s observation to be biased- a buyer is likely to want to see the project succeed, and this would color his observations.
Moving on: Webcity is an alternative you have suggested. If I am not mistaken, it is a cluster of apartments coming up next to Mantri’s Aura project. In essence, it is nothing but Mantri’s Aura project, which has now been re-branded, as per the posts in webcity’s page-correct me if I am wrong. If Mantri had to resort to re-branding etc to sell these apartments, surely it must have some problems? A lack of interest from the buyers perhaps? There must be a reason for that? How is it then a better deal than BC?
And talking about paid posters, I see comments from 23 posters on webcity’s page here, of which 2 are beyond doubt, paid-posters. See for yourself. Does that mean webcity is out of your list too?
Lastly, which projects have Sobha and Tata launched recently, that are a better deal compared to BC? The builder may be great, but the project lousy. Surely 100% of all the projects launched by Sobha and Tata have not been a success? If there are any better projects at a cheaper price, sure, post them here. It will at least benefit those of us who have not paid BC the advance yet.
Thanks for your comments,
good some filtering has taken place
Agree with you
As far as i know, all no other project in this area is as grand as BC. Also none is cheaper than it, this include Webcity/Shoba/Tata.
Yes there are issues due to new team, but still i think its a good investment.
Hi Saurabh,
First connect with them and then you will come to know…How they respond, how they misguide, how everyone of their team has different opinions and information…
I am telling all these because I am one of the victims
Well whatever decision is your own… but I will strongly recommend do not go for this project…they do not even give any legal documents when you give 25% amount to them,….
they do not want to involve banks during this transaction.. why nobody knows??
Only one message comes.. this 25% is not transparent to government ..Otherwise there is no difficulty in involving banks… they are not able to give any logic behind that also…
They take 3 months to process SA.. why god knows .. when Asked they said because of quantum of agreements… just wondering when preparing 5 mins document they take 3 Months then what will happen when they will construct 2500 flats ..
BTW decision is again individuals… but here I am expressing my experience.
I am just re-posting the information already posted before.
Those who have booked flat in Baharatiya City please join the google group to get in touch with other owners.
https://groups.google.com/forum/?fromgroups&nomobile=true#!forum/nikoo-homes
1) click the above link
2) u will see “Sign in to view this group” ( click that , sign in with ur gmail id ).
3) apply for membership , mention u flat number
Please let me know if the group has any specific agenda as of now, or if it is another forum for the buyers to interact, like this place. In either case, it is a good initiative. I am asking because a while ago, there were many posts talking about the members’ intention of talking to BC and getting some clauses in the agreement modified. Could you please let us know if any progress was made in that front, and what else the group intends to achieve in the short-term now?
Regards,
vgk
I did but till now my id not approved. May know the reason
i am planning to buy unit there.Could anyone mailed me latest agreement vaishebab@gmail.com
Hi, i had send multiple request to accept my joining, till now i have not received the confirmation, my email id is halimamnm@gmail.com
One of my friends have booked in this place and he says he had made right decision by investing money there. I understand there is a owners group created recently and is getting active at https://www.apnacomplex.com/complex/nikoo-homes/join
anybody looking to transfer/cancel their 3bhk 1595sqft with bay windows in both the rooms.
pls revert back.
I am interested in buying one of those flats between 4-8 floors only in pahse 1 towers
BC is delaying the signing of the agreement.
I have paid 25% in Dec 2012, and then sent the agreement in feb end, i have signed it in march 1st week, and now waiting for them to sign it.
There is delay of more than 4 months to get the agreement.
i think they don’t care about the delay , as they need to pay 1% per year as delay penalty to the customer, which is nothing.
All buyers join the google group
https://groups.google.com/forum/#!forum/nikoo-homes
hi planning to take appartment in bc
any comments
Hi all
Just consider few points before buying….
1) for 100 sq ft price would be RS 422000 and since UDS is <20% then 20 sq ft price would be 422000 and hence per sr ft price would be RS 21100
BIG builder like sobha or karle town charging 6500 per sq ft with 30% UDS would look like
30 sq ft price RS 650000 and per sq ft price would be 21666.66
Think correct what is actual price you are paying and for 6500 sq ft price what good project one get near that area
2) 2500 + appartment in 14.5 acreas too croweded and other near by commercial open to all public addes more crowd and hence will it be good place to live…
3) PRR road is only way out and that is tolled road and hence every travel you pay some thing… Normal road if you use then what big deal you get that in other project…
4) IT SEZ, just 2-3 building doesn't mean all good companies will be there and we work in those companies only… BC does not attract best companies like embassy developers… Brigade itself facing issues to attract compaies for brigade gateways…
5)BIG open land available till airport and for better project will come in future… why to hurry to book in BC who don't have any past experience… Even entire project takes 9-12 years to fully develop… By that time you have many options to look for…
I put forward my views other may have different opinions …. it would be ones own hard earn money and decision to invest in BC…. I will wait and invest in some one who has some credibility to execute such porjects with best price.
Rgds,
SK
Your arguments are well-formed, and I will not refute them. What I would like to talk about instead is the real value of real-estate. It is worth considering that real-estate is perhaps the one commodity that has the least real-value, next only to gold. The prices are what they are only because there are people willing to pay.It is all about demand-supply dynamics. I was born in Bangalore and have had the opportunity to see the city grow for many decades. When our acquaintances were buying plots in barren areas for Rs10/sqft ( most areas were barren) in the 80s we only saw the negatives, and waited for something better. The came the 90s. Same story- the optimists bought more plots, while we were sure Bangalore would not grow anymore (after all how much can a city that has nothing but PSUs grow?), and for us the plots were not good enough to command Rs.300/sq ft ( now they sell for 9000/sq ft) and we waited for the perfect opportunity.Then came the 2000s and the massive boom in IT. This time people were buying apartments for Rs1000/sqft and we still waited ( do apartments have any value? do we even own them?). Now, even if Bhartiya city indeed has all the negatives you mentioned, we all know that their project has seen unprecedented demand even by Bangalore-standards. Everything is fully booked days after release. So, would it be a bad deal if I buy it for 4000/sqft now, and sell it for 7000/sqft 2-3 years from now? If the negatives you and others have mentioned don’t matter to thousands of buyers now, I’ll surely find a buyer 2-3 years later too (if I find it too inconvenient to live in)
Please do not for a moment think that I am asking you to consider buying this or any other property. All I am asking is to steer clear of analysis-paralysis.
Hi,
What I wanted to convey is for true value 6500 w.r.t uds you get lot of better options then untested brand BC around that area.
When lot more better options available in next 2-3 years, do you think people by BC paying 7000 sq ft( true value 10500 w.r.t uds)?
It all depends on lot of ifs and buts… If all things going as per plan, IT SEZ occupied by known companies, PRR done etc… Also not so good options at that time from other trusted brand….
Anyways… if people believe in things let them… I have seen real estate market, IT trends and lot more….
I just put my views…. people has to take decisions….
I understood your point about UDS, and it is a fair point. I also didn’t mean to disparage your experience while tooting my own horn. But what you forget to consider is that people buy apartments considering a lot more than UDS. You buy an apartment to live in, and not solely for profiting from an UDS in the underlying land, 30-50 years from now. So, it is the carpet area, amenities, location, maintenance etc that matter more,when you are living in it, which is most of the time. UDS is important too, but comes into play less often- it is like the book value of shares. Book value is a very important consideration when buying shares, but how many times have you received your part of the company’s assets as per book value, post-liquidation? And, how do you divide the assets of IT companies, where people and information are the main assets? Same logic.Bhartiya city scores highly in many aspects, and a lot of buyers are obviously seeing value in BC- that is how worth of real-estate is truly determined. What am I going to do with 100% UDS on something no one wants?
It is precisely your logic of UDS that prevented us from investing in apartments all these years. Why pay full price for a small part of the underlying land when you can buy a plot instead? But guess what, the market proved us wrong. People who bought their apartments for 1000/sqft years ago are now sitting on assets that command prices 10 times higher.
The rest of your argument hinges on ‘IFs’. You said “When lot more better options available in next 2-3 years, do you think people by BC paying 7000 sq ft( true value 10500 w.r.t uds)?” – Firstly, what makes you sure a lot more BETTER options will be available in 2,3 years? Secondly, what makes you think you won’t feel the same way about the better options, and would want to wait for even better options? Thirdly, when better options do come up, why would anyone sell those better options to you for 4000/sq ft, 3 years form now? And how is it a better deal if you have to pay 8000/sqft for the better options 3 years from now? Now, if you mean that better options will come up in other nearby locations, 3 years from now, for less than 4000/sqft, then why would you wait for 3 years? If you are able to identify the locations that will see future development, the prudent thing is to buy -up all the land you can in the areas which you foresee with certainty, will see development in the next 3 years.
I agree there are ifs and buts with BC, but there are 10 times as many if and buts with predicting future developments in North-Bangalore itself. I would rather place my bets where there are more knowns than unknowns. So far BC is on the right track; we’ll have to wait and watch for the rest to unfold.
very well said VGK ‘real-estate is perhaps the one commodity that has the least real-value’.
1) Land has negligible value, its the value add to the land which make it costly. Some land in middle of no where and no one want to live there and it may fetch negligible value, but u build a city on it and ppl will hog to live there and prices will go up (Whitefield is a recent example)
Development on land increases the value of land. And the kind of development planned for BC is unparalleled in Bangalore and less common across India. Its true there are risks, but all ambitious projects are risky and when successful are called land marks.
2) I feel the ‘Potential’ value of land can not be calculated by simple formulas.
3) If any famous builder (say Prestige) would have come with the same project, would the price been the same?? I think it would have been atleast 20% higher.
4) PRR will be there only to connect to other ends of Bangalore. For Airport there will be separate connection (probably Hennur Road). Office\School\Mall will be with in BC. For other near by areas it will be Thanisandra road.
5) For its not just 2-3 towers, its 3.7m sqft. Which is quite big. also Manyata is some 6 Km away.
6) There lot of land available across Bangalore and there will be many opportunites. The question is when and @ what price?
7) 2500 apt. in 14.5 acre is really high. But one cant get best of every thing.
At the end its personal choice to take it or leave it.
In usage I have lot more concerns…
About IT SEZ with PRR or without PRR
1) PRR is planned and tolled road. It may come up in 2 years or 5 years or 10 years or 20 years depends on lot more factors
2) All IT people may not be staying in BC itself, that all depends on which company come up in such IT SEZ.
Assume if you’re an IT staying all over Bangalore, and now will you like to go office along thanisandra road or from other road except PRR. the wider connective needed people to come to office space. Because of this reason lot more place vacant in around Bangalore. If you are staying BC and you are working in another place, what is use of IT SEZ for himself. It all depends on how well BC has network and who all come in that IT SEZs… When lot more new IT SEZs opening on NH7, ORR, Electronics city etc, do you think company will be interested here… May be may not be. So it may be useful or may not be.
About Hotel and service apartments.
1) One has to go through road around hotel or service apartment or malls all the way with from PRR or any other road.
a. Most of these will be in construction and creates more risk, annoying till they finish.. It may be 2-3 years after getting apartment
b. Do you know any place in Bangalore have this way.
i. Brigade gateway residence have separate road from main road and separate exist
ii. Mantri greens has separate entrance and exist.
iii. Show me any hotel and any residency space share same road or pass though hotel to reach residency space in India… Do you like to stay such nearby?
c. Do one like always come to home though such overcrowded place, through always known persons.
d. What kind of effect these may have on our children, elder people or relatives.
e. Do you feel Nikoo home is at right place or other things are right place? One has to travel all along till dead end reached to reach home.
f. Even we like malls and shopping places do you wanted to live most of time there.
g. As online shopping picking up in india, like in USA where most of things shopped through Amazon, if that trend come in why one malls near by.
Open space other facilities
1) First of all it is open to public and all maintenance like road etc will be partially shared by nikkoo homes
2) Is it near to nikko homes or IT SEZ or Hotel or outside people coming through PRR or other roads. One has to travel around 500 metres to 1 KM. If one staying nearby will also travel
3) If you see brigade gateway inside open space is well distance from malls, hotel, IT and residency. Do you think Nikko homes have that advantage
4) If one has to walk around 1km, in Bangalore, you get at least one park from BBMP but not well maintained but free. Here you pay and public use and you don’t have any direct path for it.
About UDS and land size
1) UDS not only say better buy or not, it also says how crowded the place. 2500 apartments in 14.5 acres and at least 3 people per apartment and hence 7500 people in small size. Also surrounding place also crowded with people… Will it be peace full to live
2) 27 floors and 10-15 apartments per floor and just 3 lifts… no service lifts and do you think it won;t be messy from comparing any other buildings in Bangalore…
3) Just think over home without land, is this possible.. One who buys will think how much land cost that area and how much apartment to cost.
4) If UDS is not mattered that it is like take 100*100 and construct one tower of 100 floors and sell each apartment costing same price like 10 floors in same area. Will one will buy which apartment.
Such lot more things exist to share.. but one can also think pros and cons by comparing existing things around us.
About options available in next couple of years. That is universal truth; if you wait you have options. It doesn’t mean you have to keep on waiting. But just do some Google and will know what will happen in next couple of years.
Of all the statements, the one least was ‘just do some Google and will know what will happen in next couple of years.’
How Google search can tell the future???
Of all the statements, the one least understandable was ‘just do some Google and will know what will happen in next couple of years.’
How Google search can tell the future???
True..I just googled for the ‘tallest tower in the world to come up in Bangalore’ and I got many results, from 5-6 years ago, some of which even mentioned the exact height of the proposed building. 6 years later, I am yet to see anything taller than 150m in Bangalore. (for a building to be the tallest now, it would need to be nearly 850m tall). You will similarly see a lot of info about attractive, well-priced future-projects. But how many of them will take-off? Any talk about future developments always come with caveats, and the more it is on-paper-only, the more the caveats. BC has already started work on the ground. It is more real and tangible than something a webpage says about something that may or may not happen in the far future.
Few more inputs…
What if real estate market entered rough phase, will BC has deep pocket to complete projects, if some residential or commercial doesn’t result in revenue…
So many big players suffured a lot during 2008-2009 market crash and still not recovered and does BC has money and being first into real estate can be trusted if situation happens in future… Whole project takes 9-12 years to complete and as you only said, things won’t happen as said….
Now price are at peak like 2007 and europe, USA and so many other country are growing slowly.. Even IT pay hikes are modarate this year and may be next year…
What if things go other way, will BC has capability of completing things… It is very huge project and one should have deep pocket to complete… As things are going it look BC still not started actiity,,, Initially it was said jan things will start…
Any ways… why you so excited to defend BC.. Guys who are going to invest their hard earned money need to think more on lot more points mentioned about then googling future projects… RMZ gallaria, Karle tower etc are already started… Lot more may come in future or may not come.. PRR may take more than predicted.. all possible…
but is this only project… is it good project… Does people bet on new player ,,,, does BC can with stand some rough whether if comes…
let people think… It is hard earned money and hugh money. one can invest one or two at max…
already so many people in nikkoo home people unhappy and wanted fight something to be rectified in agreement…
Speculating on macro-economic trends will get us nowhere. You have presented hypothetical arguments about another recession affecting the builder. Let me present another: You book an apartment with the builder with the deepest pockets in India, and sit smug that they can rough through any recession.The recession arrives, yet the builder manages to complete the project. But you are laid off from your IT job, and find yourself unable to find another job, or pay your EMI, and your property is auctioned by the bank (most buyers have very little reserves kept aside to rough through something as big and prolonged as a recession) It happens more often that you’d think possible- just check foreclosure listings. What will you do in this scenario?
I am not excited to defend BC, but did find it necessary to present a balanced picture, when I saw your argument unduly tilting toward the negative, while ignoring the good aspects of the project. In the ensuing debate we have each touched upon either side of the coin, and elaborated upon our own way of evaluating real-estate. I agree that it is up to the reader to form their own conclusion. Let them weigh the pros and cons and find their own way.
I have noticed that you are just addressing one/two pointed from several points. It indicates that you accept those points fine.
Also from your comments it looks that BC doesn’t have deep pocket to with stand rough weather.
About end customer not having deep pocket, if he don’t he will think well before and he shouldn’t mind losing his flat.. But due to BC not having deep pocket and couldn’t able to sell/generate revenue from commercials the nikko homes are not progressing as planned… it effect the guys who are paying as per schedule and without their mistake they have to face issues and their planned financials goes for toss if things are not delivered on time. Now tell me what wrong they have done to suffer like this.
Any ways.. Having health debate helps buys are consider lot more points before deciding apartments. I personally see lot more negative than positives…
It would have been good, if lot more open spaces near to nikko homes, separate entry and exist from main road and near to schools and other basic facilities then current one. All things stated are available for people staying nearby to BC and they pay as they use. But Nikko home pays for all infra maintenance without using always.
Here all we are talking about is if the builder is unable to complete the project. Yes, this risk is there with all projects in construction stage, could be financial issues due to no sale or due to rise in construction cost beyond manageable level or bad management or single manager goes to other world (this has happened in Bangalore), there are many reason why a project can fail. Interestingly, even in that case the builder can walk away saying that particular company failed and he can manage provided he proves that he has not siphoned money out and that it failed due to external factors.
Other factor by which the buyer can fail is that he may loose job and unable to pay EMIs or installement, then also he looses significant portion of what he paid.
That is why it is often told that it is safer to buy completed project and take rent. But the in construction projects are attractive because paper works are comparitively easier, choice of apartments in early stages, easy installments and hence up to 10% cheaper and above all the feeling that one gets benifitted as early bird with low rates. So it is a slight risk which is OK compared to benefits and risk is much lesser when you buy from established builders but at what price. So it is a trade off and it works often. But if one has full cash or one is taking home loan, buying completed projects is a good consideration. So guys, do not worry, it is a decision which suits one and works most often.
Mr.SK
On what basis do you claim Bahrtiya City doesnt have deep financial backing?
Can you tell us what is the total cost of the project
In this how much is equity Bhartiya city has put in? How much is debt?
Doesnt seem like you have any concrete facts to back you allegations
Request you to go through the detail assesment of BC financials by reputed crediting agency ICRA here
http://www.icra.in/Files/Reports/CPR/BHARTIYA%20CITY%20DEVELOPERS_cpr_04022013.pdf
Go through this in detail and show me how many other leading builders hav finanicing tiet up for their projects?
Bigger risk is with other big builders like brigade,prestige,sobha etc who have multiple projects going on simultaneously. They will launch new projects and divert the funds recieved to other projects still being completed. Thats why no project of leading builders is ever built on time.
As far as schools – there are 3 very good close by: Vidya Shilp, Delhi Public School and Rashtrotana Vidya Kendra
brigade is facing issues for gateway?
It has KPMG, Regus Business Center, Samsung, Gallagher Offshore Pvt. Ltd, Bagzone and CAPA. They as quoting 100/sqft which is on par with UB city
You have said that I’ve countered very few points of your argument, while ignoring the rest. You are right, but you haven’t even come close to understanding why, even after such a prolonged discussion.
The reason being that nothing in the world can please everyone 100%. Forget BC,for which you pay 30-70 lakhs; faults can be found with the Buckingham palace even. So what can you do? What you can do is focus on the 3-5 details that matter the most, as the rest is usually just fluff. Something like the 80-20 rule fresh-out-of-college management grads can be seen tooting. All points do not get the same weight. I thoroughly addressed all the points that matter. Whichever points of yours that I ignored fit one of the two criteria – unsubstantiated or too frivolous.
Let us look at your unsubstantiated claims:
1) the SEZs inability to attract companies- where’s your proof? Do you have insider information on how BC’s negotiations are going? No, eh?
2) BETTER and CHEAPER future projects in the same stretch by the most prominent builders in the country- have the prominent builders of the country personally assured you about starting projects in the same stretch,with better facilities, for cheaper prices-even considering UDS? The keywords here are better and cheaper. Will these projects not have even one of the numerous faults you have identified with BC?
3) First, you dismissed 37 lakh sq ft of IT space with a shrug as if it were nothing (that’s a LOT of space, meaning a lot of companies/jobs). You then said that ALL IT employees staying in BC may not be able to find work in BC’s SEZ. Don’t you honestly think you are wishing for a little too much? Even CEOs of almost all companies commute to work in Bangalore, and you want every one of BCs residents to find work in the SEZ? What else would you like for 60 lakhs? You own helipad? The SEZs proximity is meant to add value to the residential projects, that’s all. Getting to work in the SEZ is a lottery. Who doesn’t understand that?
4) You questioned BC’s ability to weather another recession. Have you gone through their finances? What exactly did you find problematic? Do all other prominent builders go through annual stress-tests for financial stability? Like another poster has correctly mentioned, if a financial crisis does arrive again,those big builders juggling hundreds of projects are more, if not just as likely to collapse like a pack of cards. Do you know which were the companies that went bankrupt in the last recession? THE BIGGEST AND MOST PRESTIGIOUS financial institutions in the world. Collapsed in days. If you must talk about such things, the least you could do is quote actual numbers. It’s like me calling you BC’s competitor’s guy, without any proof. Get it?
Moving on to the frivolous points you raised:
1) You said, “If one has to walk around 1km, in Bangalore, you get at least one park from BBMP but not well maintained but free”- In BC you’ll get well- maintained parks, but for a small price. Would you rather your kids played in parthenium infested swamps, just because they are free? I didn’t think so. (This almost sounds like a seller’s pitch, but you get the point)
2) You asked “Show me any hotel and any residency space share same road or pass though hotel to reach residency space in India… Do you like to stay such nearby?- Your tone is that of a person asking another if he would like to stay next to a liquor store that draws drunkards from the slums! What’s wrong in using the same road as a high-end hotel? Have you noticed how quiet the operations of high-end hotels are, on the outside?What do you think they will do on the roads? Defecate?
3) You then continue with “What kind of effect these may have on our children, elder people or relatives. Even we like malls and shopping places do you wanted to live most of time there. As online shopping picking up in india, like in USA where most of things shopped through Amazon, if that trend come in why one malls near by”- Your arguments about online-shopping shutting the malls is laughable at best. Are there no malls in the USA, with online shopping being widely prevalent there? Both share different spaces- online shopping has convenience as its selling point, and malls have a fun-filled shopping experience as they USP. Both can, and do co-exist. About your next argument about the proximity of hotels and malls having an effect on children and old-people: have you stopped to consider what effect living in a metropolis like Bangalore may have on them? Why haven’t you moved back to the villages then? Let me guess: the benefits of staying in Bangalore outweigh the negatives. Same with BC. Would you rather your children played on the streets with open drains and crazy traffic? Malls and hotels don’t affect children. Bad parenting does.
The only valid points you made, all of which I had addressed in earlier posts :
1) UDS- I replied to this in detail. In summary, buying real-estate is not all math; it is mostly an art, and the sum total of the advantages outweigh the concerns over UDS. (This also includes concerns of higher number of apartments vs total land area)
2) PRR- yes, the road may take more time than what the optimistic estimates would suggest. But nothing suggest that it will be UNDULY delayed. Have proof? I don’t. If you do, please educate us.
Good you have responded to lot of points and avoid some of them again. Don’t become emotional and argue. It is neither your project nor mine. Neither you are a sale agent nor me. ALSO DON’T ASSUME WORDS OR ARGUMENNTS WHICH IS NOT Stated by me.
I will at least brief how BC is selling apartment. Buy a home and Get a City. And Walk to Work. I don’t need to you where this is stated. You have asked very VALID POINT for 60Lakh WHAT YOU WANT TO GET OWN HELOPAD?
Just tell me one think, for 60Lakh what BC giving apart from flat, is SEZ owned by Us, Is Hotel owned by us even a inch other than nikko homes is owned by flat owners. To give something to flat owner one should have BIG HEART. IF YOU KNOW FIRST AGREEMENT DRAFT PREPARED BY BC EVEN SAID CLUB HOUSE OF NIKKO HOMES BELONGS TO BC… IT IS AFTAR BC OWNER THREATING TO CANCELL BOOKING THEY AGREED TO LEAVE THAT TO NIKKO HOME SOCIETY. BUT IT WOULD BE USED BY BC OTHER CUSTOMERs.
DO YOU THINK BC gives something to flat owner other that flat. COMMON ONE WHO DOES”T WANT TO GIVE CLUB HOUSE INITIALLY WILL GIVE OWN HELIPAD… IT IS VERY FUNNY TO IMAGINE
What is exclusive to Flat owners to feel great about BC.
SEZ belongs to BC and open to public in terms for working there. Hotel, Shopping complex, schools etc belongs to BC and open to public.
People staying nearby have more advantage compare to Nikko homes.
1) They can use all those things and need to pay based on usage. But Nikko homes have to bear part of maintenance even not using them.
2) Always crowded area one to pass by even one doesn’t like. Nearby people have their homes highly peace full and exclusive entry and exit and avoid mess of BC. When they have to use, then only visit the place.
About SEZ:
I hope you didn’t understand my points and saying lot more things said by me. I have don’t have any inside info like you don’t have. But my point is based on few things
Assume PRR takes more than 5 years to come and SEZ is ready by 2 years as claimed by BC. You know place is 6 km from ORR and thanisandra road is not well maintained…
Lot of SEZs are coming up along new Airport road, ORR which have better connectivity then BC SEZ without PRR.
Do you think BC will get companies like NVIDIA, TI, NXP, Google, Microsoft, Netapp, Cisco, TCS, Infosys, HCL etc.
Will know company take risk to relocate office to such place… May be possible may not be possible depending on BC dealings.
Now who developing lot of SEZ along ORR, Hosur road, BIAL Road, Whitefield also try to attract them. Someone already attracted to their SEZ and companies are comfortable to deal with them.
I am just saying how difficult to get known companies to attract to BC SEZ… I DON”T KNOW WHAT BC CAPABLE OF OR ANY INSIDE INFO. ONLY TIME WILL TELL HOW THINGS SHAPE UP THERE.
About Better and Cheaper words.
Please read my comments, did I say what you quoted? Anyways my point here is. We want residential complex with basic facilities. Most imported one at least for me is, have separate entry and exist to my residential complex from main road, instead of going through malls, hotels or SEZs. Because, my kids and elder parents don’t like to go through such crowded places.
For my money I want more things which are exclusive to me like
1) MORE UDS
2) MORE CARPET AREA
3) MORE OPEN AREA
4) MORE FACILITIES EXLUSIVE TO FLAT OWNERS
We will get anything which is public to us even we stay in BC or Not.
I agree with your point being close to SEZ and other good facilities will help in appreciating price.
You said 3.7 million Sq Feet SEZ and mantya tech park nearby will help..
Assume, if He have flat along NH7 or 1 KM from NH7 which will be same distance or little more and lot more SEZs are lined up to come, will that be good buy compare to BC.
You will more hospitals, malls, schools etc within reach. Look for what you get in residential blocks and look for place where all these are nearby will that be better than saying BC.
It also depends on one taste.
About your point of what you get with 60Lakh.
It is 60L* 2500 = 1500 cr. With this money one will get whole land and all approvals and Nikko homes…
Even some extent IT SEZ will be funded from this money…
It is not BC should say, what you get with 60L is more for your fund. It is flat owner should say for this money what we get 14.5 Acres, how much carpet area and what open space and what are exclusive facilities.
Don’t get impatient to answer small guys like me, may not be well knowledge like you all and using just passed out MBA graduate shows you consider me nothing. IT IS LIKE BC SAYING WHAT BC GIVES IS BEST FOR YOUR MONEY IN THIS WORLD.
Ok I Agree I may not be as knowledgeable as you are, I have few fundamental questions for that you should not be that emotional to answer.
About well known companies closed down.
Few points of those companies
1) More greedy companies. Wanted to earn more money using less own money and using others money
2) Stretched more than their capacity like 10X, 20X etc
3) Over confident on their capability
Know you tell me about BC. What is capacity of BC group as whole in terms of revenue, profit, cash flows? What is total cost of entire project? IS THIS NOT STRETCHED?
I don’t have inside info and I wanted your answer if this correct or not?
If not then good.
IS BC USING NIKKO HOME FUND to Finance other things and does it shows more greediness
Being first project and not exposed to real estate and trying out such HUGE project shows their over confidence on their capability.
If my points are wrong then I am fine. But how you prove me wrong? I wanted to be proved wrong so that I feel good about investment in Nikko homes.
About other points you consider waste of time and non sense point…
Let other gauge them. You are saying BBMP Park is waste and places to lot of problems… I think you haven’t seen lot of parks and how many people enjoy them. Bangalore was once called garden city even before BC comes to Bangalore… if we think BC gives best park in the world which Bangalorians not enjoyed healthy ways before BC then good.
AS per BBMP approvals one has to Leave Park space in residential complex to BBMP to maintain them… EVEB BC has left some place… Then as per you it is waste and nikko home member should not use them.
Mr, VGK I love the way you write man..!! very well defined. For a first time buyer like me this will help alot. I have booked m y first home in Nikoo.
I came to know BC is launching 3rd phase.I am planning to book it.What are plus and negative points there
Please share your number. We can talk over phone about plus and minus. I have booked in phase1.
yogesh can I have you no. Please that I may call you?
my email id is: meetyogeshgupta@gmail.com.
my email id is: meetyogeshgupta@gmail.com.
We can communicate there…
I was told that 3rd phase bookings will begin in April, when I had called them 3 weeks ago, to inquire about the progress made. It should happen anytime soon. About the positives and negatives, there are nearly 800 posts here, written over many months, detailing the observations and opinions of numerous buyers and prospective-buyers.I don’t think there is anything to add to that. So, what I can provide is my personal opinion: It looked and still looks like a good deal to me. If execution goes as per plan ( this is the only concern,as they are relatively new to this business), then everything should be great. As they have executed it flawlessly so far (a lot of work has gone into the project, even if much of it is not visible at this stage), I trust they will continue in the same way, and complete the project as planned.
Thankyou Mr. VKG.Some major concerns i understood from discussion
1. One sided agreement in favour of builder.Does anybody got the agreement.What are the major clauses which are against the buyer
2.Less carpet area
Also there are lot of amenities and innovative things like Skywalks, Gardens at floors and other commercial things has to come.Anything in agreement if any of these amenity not come, any penalty to builder.
Also one thing which is scaring me and looks silly to ask here.. , Builder is new and this is his first RE project.Can builder disappeared taking 25% cost from us as 25% has to pay even any construction started.
I have shortlisted other 3 projects also
a) Sobha City near to BC I came to know Sobha City again started booking of 2bhk which was closed earlier, need to check from them)
b) Mantri Aura at Hennur road
c) Ozone Urbana
Does anybody has done survey and can suggest which one is best out of BC,Sobha,Mantri and Ozone.
Kindly advise me at the earliest as rate 4220/- for BC is for first 75 flat booking and they will hike the price after that.
1) Regarding your concerns, there is a well researched pdf/post way back in this thread, that consolidates all the concerns at that time. But the common consensus now seems to be that the agreement is not any more one-sided than that of any other builder- all agreements are one sided.
2) The carpet-area is not less: the concerns were around the percentage of UDS- rights on the underlying land- being lesser than usual. While it is a trade-off, you’ll also have to consider the lesser price (for carpet area), future prospects of the location, and a host of other amenities in the township. You cannot evaluate a project on one parameter alone.
Can the builder disappear? Well, there is always a small chance, but not very likely (even with the biggest, you are still taking a risk -look at the issues plaguing Mallya and Sahara even) . A more realistic concern would be the project getting delayed a little.
While I would not be able to suggest which of the three you should book, as that would depend on a lot of factors, including personal preferences, I would only tell you that BC is also a good deal. Objectively evaluate all 3 projects, make a list of pros and cons, visit the (proposed) sites of all 3, and look at the locality (most important) and how you feel about future development prospects ( you can only guess to some extent..and also look at proposed government infra projects in the locality). Then make up your mind. It can be done in a week. Good luck!
Hi everyone,
I went through this thread and spoke to few people about the project. Got a mix response. This is good to go ahead if:
1) If you can wait for 3-4 years. For me it eased the payment terms in one way.
2) If you have risk taking ability. Prices will not be less then 6500 per sq ft in next three years for sure.
3) If you like to stay in an integrated township.
4) If you like to have an upper end lifestyle and want your children to pursue same.
Also, I heard that the people in BC are arrogant. I don’t feel so. They have enough buyers and they don’t run behind you like any other builder and that is the reason few people might have felt that.
For me its a risk. You take if you can and the probability to fail is less. I took !
perfectly said,
All,
I found UDS, FSI and Open Space calculations explained pretty well for Bhartiya City at below path:
whosoever wants to understand, can take a look at this one.
Hi all,
if you have booked an apartment you have full right to get the draft sale agreement, please write to crm@bhartiyacity.com.
if you have not booked and not made any payment then you can ask others for a copy.
anyways please provide your email id i will mail you the latest/amen agreement.
Sait, When I spoke to BC reps last week (not to book, but to know new developments, as I had booked in phase-2), I was told that phase-2 is fully booked and they would soon be launching phase-3. I was also told that the price would go up again in April. But BC website has no info on this. Do you have any info on phase-3 launch, increase in price and when the foundation work would be completed for apartments booked in phase-2 pre-launch?
that true even i tried for my friend got the same reply,
yes phase 3 is opening that is tower 4, not sure on change in price.
not been to site for a long time so in info on construction.
Hello Sait,
Could you email me the agreement copy on urUNDERSCOREmanishkATyahooDOTcoDOTin.
Thanks,
Manish
Hi,
i was going through all the replies , as i have booked a flat in tower 6 and still to sign aggrement . Sait can you please e mail me the agreement copy to ameeeetster@gmail.com
Hi
I have been out of this blog for some time, I had come out of this project some time back, even before booking.
This is one of most active blogs. Also, very interesting is many people who book flats in BC are taking agreement from others over this blog and not directly from BC, you should take it from BC, that is how you would come to know how to deal with them and how they deal with you. Bypassing will only surprise you later. If you are not daring to face them, how can you manage with them for next 4 to 5 years. Further, many of the clauses which are discussed in length here regarding agreement are common to most agreements, the discussions here indicate that most of the bloggers are first time buyers and unable to digest one sided clauses (when most apt contracts have it), especially when the situation is that he/she books and then looks for contract. Without meeting the BC persons, if you go through the contract, you are likely to feel that it is one sided and would end up confused/cheated. Except a couple of issues related to club management and delay penalty, I think the project/contract is good especially the way progress payment is spread over stages. 25% upfront for agreement is nothing wrong, as long as project is taking off soon.
Good luck to all BC owners
Hi,
Please mail me the agreement draft. I have mailed CRM for the same but haven’t got it yet. I have made my booking but cheque is yet to clear.
Regards,
Raghu
9900136123
For those who are planning to book, a word of caution. pl give the booking amount to them only if you are 200% sure that you want to invest. Othewise your booking amount is as good as gone.
Hi Arun,
Do you have any first hand experience? If yes please share it.
Because as per BC booking receipt cancellation before sale agreement is 1% of basic cost.
Saurabh
very very inexperienced team and arrogance personified.
you look like some builder rep. otherwise you will not say this, till now who ever have spoken of cancellation have never said the money is not refunded.
Sait, You are definitely a representative of B.City. I went through whole of the discussion & find that you always get irritated any any one makes any observation or query which shows suspicion on the quality on timely completion of B. City. Any other will be buyer do not so much of concern on adverse comments.
i think you have read only my comments leaving others, otherwise your reply would not be………………..
anyways thanks for the complements,
I have spoken to them, and didn’t sense any arrogance. I did find them to be a little too confident.The replies were concise, and not much sugar-coated. Maybe you misconstrued that as arrogance, as a lot of builders promise the sky to get your money, and then renege on the promises – sweet words don’t cost anything. If the folks at BC are assertive, it is perhaps because they can afford to, as there are a lot of willing buyers queuing-up to buy their property. What would you do if you had 100 units of something to sell, and you had 1000 customers in line, waiting to buy from you? Would you prefer selling to the easy-no-questions-asked-customers or the tough-customers, who flood you with questions, take up all your time, and still may not buy from you? I am not saying that the tough-customers have no place in the market. They are the ones that help regulate free-markets and pricing. But the truth is, when demand is much more than the supply, it is difficult being a tough, question-asking, bargain-seeking customer who expects all their whims to be met. In my opinion, such people who have the resources, will and perseverance to do so much due- diligence are better off buying independent plots- much more risk, but more value for money.
Hello,
I have visited BC and looks great.
Question –
Who is the builder?
Completion period?
Is this the right place for investment?
Will project get completed within 3years period?
Frankily…am very scared to investment…if any thing goes wrong then i’ll be in deep trouble.
Thanks
Suresh
best for you is SBI fixed deposit.
secured & assured fixed investment with no side effects.
if every talks on this lines then we will have to have our own independent house on BDA plot.
hey..
Has anyone executed the sale agreement with BC??
If “YES”…have they mentioned the UDS and carpet area in the agreement.??
Also what abt the clubhouse maintenance charges etc.??
Have they committed to the completeion date..is it specified??
Pleae stay away from this project, I got my agreement copy and they have given me an UDS of only 19% which is very less comapre to market standards in Banglaore. Also in earlier meetigns we had with them they mentioned it to be something around 22-23%.
Hi,
I planning to book a flat in BC, wanted to know whether its a good deal for investmnets.
Hi everybody…. Can anyone please forward me the draft agreement copy. My email I’d is satu_gavand@yahoo.com
I am another prospective buyer for BC. I just want to be double sure, certainly want to see the agreement. It’ll be great if you can oblige me with the draft you have. My email ID is Mehta.meghna@gmail.com
have sent you one
Could u pls also send me a copy of draft agreement I am also thinking to buy a unit there….
Hi,
Are there any updates from the builder in feb-march? I see no new updates on their website.Are all apartments released in phase-2 sold-out? Has work on the foundation started for any of the residential towers? Have the increased the price again? Please share new updates if any.
Excavation for foundation is completed. Foundation work will start from april end.
As a thumb rule all the apt. in BC get sold out before they are launched ;-), just kidding, but I think every thing is sold out from tower 4-9. Call and ask them about availability and price.
I talked to sales advisor today regarding the concerns in the sales agreement (Thanks to this forum for letting me know all the concerns like club, mortgage etc.). She told me the sales agreement is now revised and it doesn’t have all these clauses. If anybody has the new sales agreement could you please send it chandra.kvss@gmail.com
to all the buyers of BC, if anyone of you need the agreement or copies of the title please write to crm@bhartiyacity.com, they will send you, it is your right,
Hi,
Can anyone please send me the draft agreement copy.My mail id is ” mishrakalyani05@gmail.com ” .
HI mukesh,
Write to crm@bhartiyacity.com with your flat no they will send you.
What is ongoing rate in BC
I Visited the site today, price starts from 4220 psft, floor rise 50 Rs per 4 floors. currently Tower 5 & 6 are open for booking.
Is 4220 psft base price? What would be total cost including development, tax and registration charges for 2BHK 1056sqft below 4th floor? – Thanks!
I just got the draft agreement document. Seems the typical agreement which any leading builder enters into with buyers.
All approvals are also in place with detailee copies of the approvals given.
Leading banks have also evaluated and approved the project.
I was initially scared looking at the comments here,now realize its typical uneducated pessimists scaring away people.
Only concern if at all will be can they deliver? When BC give contract for building to top constrcutionf firms just like other leading builders the risk as much as the others.
I am happy I booked ana aprtment here!
hi avinash.
welcome to BC,
you are right most of them write only scary,till some time back they were talking high about google group, suddenly they are quite after meeting BC, they are not even giving the MOM.
since they have awarded the commercial construction to big company,
they will also give residential to similar company
Dear Avinash,
to which company commercial part awarded for construction
Please email me the draft copy of Aggrement.
BL Kashyap is the commercial vendor.
I have also received a detailed CD of all the approvals.
They seem to have all the approvals from the various govt agencies in place
Avinash
B L Kashyap bags construction contracts worth Rs 900 crore, this is only for IT
I am not sure about the sales team of BC, but B L Kashyap is a one of the best builder in Asia, All the guys who booked in BC, should be very happy with the selection of the builder. B L Kashyap company has mommoth amount of construction experience.
hi, I am interested in purchasing 2 x 2 BR for me and my sister.i was in Blore and visited Bharitia City, concept is very impressive, but there are few questions….
Can someone please send me contract, terms/conditions. is flat dimensions carpet area? what if there is delay in project. what if project quality is not up to mark.
Sales rep says the maintainance is about Rs50000 a year, it should normally be per sq. ft.
Many questions to be replied before i confirm the purchase.
hi rasheed, share you email id i will forward you the agreement it has all the points,
no the area mentioned is super built, no builder in bangalore will sell on carpet area,
yes today any builder will collect Rs.3 -4 per sft for maintenance,
Hi Sait,
Many thanks for your response. my email address is alam.rashid@gmail.com. Ph. +971 50 4570896. May i ask your contact details? i am intersted in purchasing 2 BR + Study, water park facing only. 18+ floor.
thanks and regards…. Rashid
Can anyone share the latest agreement copy of BC. I am planning to book 2BR in Tower 4 Shortly.. Price is same 4220/-
Please share your email id. I will send it to you..
Yogesh, could u please send it to me also..I am thinking to book a unit there…
Hi ,
Please share your email id or send email to me @ meetyogeshgupta@gmail.com
I don’t think these are ‘typical uneducated pessimists’ ppl, these are aware buyers who were trying fight for their rights. Since this country lacks regulations for real estate, ppl have to voice their concern. Some similar ‘typical uneducated pessimists’ ppl got DLF imposed by a fine of 660 Cr. It’s unfortunate that some ppl term it so negatively.
You should read the DLF agreement and compare it with the Bhartiya City agreement, You will realize how much better the BC agreement is.
I have read both of these in detail. Of course one can argu BC agreement still has a few areas where they have a dominant benefit buts it vastly better of than the DLF one.
The major areas striked off by the court like car parking, change of plan without consent of customers, additonal towers/floors etc all are not there in the BC agreement.
Claiming BC agreement is just DLF without reading in detail one can conclude people are pessmictic
Avinash,
There are many people contributed to compare the BC &DLF agreemenr
.as a result there are few changes in the revised agreement.
Check the below link dlf agreement,old bc agreement&issues raised.
Most of the builders specify carpet area,but bc doesn,t specify it in thw agreement.
.
And also we have paid 25% money in the dec 2012.
Till date no Agreement. And delivary of the apt is 36+6 months
After signing thw agreement.
https://docs.google.com/folder/d/0B3mP6nUDOsbtYm5QWGQ3WnU5Y2M/edit
Also check the delay clause in the new agreement.
It is4 rupees per sqft per month.
Eg: 1000sqft apt, you might have paid 50lk, on delay u get
4000 rupees per month. If u delay installment u have to pay 18% .
i.e. Per one lakh 1500/-per month.
I too dropped idea of booking unit in BC…
There are several reasons to it…
1) Very Low UDS…if you compare price based on UDS, it is far higher compare to shobha city, prestige and mantri
2) In 16 acre ~2500 apts looks over crowed…
3) Attitude of management, when asked certain clarifications and asking several critical questions, they avoid you so that later they should be safe
4) Delay penalty is very low… that to they have 36+6 months after agreement and lot of clauses stating for most of reasons they are not responsible for delay. but they charge 18% delay penalty from us
5) Lot of maintenance costs, city infra maintenance cost we will born by us and all part of city except nikko homes open to general public…. public enjoys all other facility like us but we need to pay maintenance
6) lot of promises they did like construction will start in feb etc,,, but so far nothing happened…
7) first time building such BIG project is very time consuming… prestige took 7+ years for shantinikaten, bridge took lot more years then promised time frame… First timer BC definitely takes more years…
Assume, if everything goes fine, then we can but lately while one getting possession…. Current price is so much hyped there won’t be much rise in price… Also lot of such integrated townships are pipeline in north bangalore… waiting some time would be better bet than going for less carpet area, less UDS, over crowded space and ARROGANT MANAGEMENT.
thanks
sk
I agree.
Lalit
Hi , Any good options available now with better UDS
Sorry to say but I think you have no idea as what UDS is all about. How come one flat will have better uds than others.
Hi ahmed pls mail me dtaft agreement copy
Dear Anu,
please give your Email Address…
vaishebab@gmail.com
Hi Ahmed, Would you mind to send me a draft agreement copy as well please??
give the Email Address
Hi Ahmed, could you please send me the agreement copy
MY ID is entermurali@gmail.com
Hi Ahmed,
I too intend to purchase a two bed room flat and would appreciate receiving a draft copy of the agreement as well. Thanks much in advance. My email ID is: madhugb18@hotmail.com
Ahmed , Could you please send me a copy as well . My email id is aks.amitsahu@gmail.com
everyone talks about google group, the group visited BC, what is the outcome, why are they not sharing.
BC has not agreed to change the revised draft.
Please be careful, they have to declare all document and there is no proper carpet area what they are propose. As we educate people it is our responsible that we need to check everything before we invest money. Talk to Bank People are they able to give Loan for this property , check Sub register office about that property are Govt. given all legal pare or not. We need to get all details from BG owner, Once money gone nobody will give you. Like Puravankara builder he declare all documents before project start and they never hide anything . we need to get all details from Bhratiay Group. who is going to do Constructs part ,are they giving third-party builder , then What is the name of that builder. What type of material they are going to used. One more thing are they going to start the project Phase by Phase then when is the Start date and project completion end date. They should do one common meting and BG director should declare all this thing in front of media , It should published in all newspaper then people get knows about thing group. How we can trust this group and if they took all booking amount and close the their Office all the Location. Please thing twice and invest any money.
I saw their Graphical draft of design but it is not clear about that. This builder may cheat to us. They should give proper drawing so that people can checked How much square feet they are going to give for each apartment. What is carper area .
Did any one visited Bharatiya city office and discussed with them about .
1. UDS
2. Percentage of Carpet Area
3. The other hidden maintainance charges which they claim as Ad-hoc Charges.
4. Club house membership charges..
send me the draft agreement copy at vaishebab@gmail.com
Did Google Group visited BC office, what is the out come.
Did BC agreed to revised the draft Aggrement,
An unknown builder having such a huge project is a risk in itself. I wonder on what basis are people buying here – jazzy newspaper advs?
Second, the UDS seems to be ignored by everyone, when the UDS is the acutal property you are buying, not the apartment. Buying an apt without proper UDS is like buying a car, use and throw. I am sure most of us buy propert as a long term investment, and hope that it will be useful for subsequent generation.Apts in b’bay, no matter how old, carry value based on their UDS, with redevelopment giving bountiful returns.
Hi
I believe when we they will provide the sale agreement the major clauses that they need to mention are
1. UDS
2. Percentage of Carpet Area
3. The other hidden maintainance charges which they claim as Ad-hoc Charges.
These points should be clearly mentioned. I beleive if they dont lay out these points we can back out. And unless and until we are ok with all the terms and conditions they said they wont encash the cheque.
Correct me if I am wrong
Everyone has asked but they are not saying, it is 23% of your superbuilt of area
Hi Ahmed,
Can you please also send me a copy of the draft agreement for BC on apparelsandfurnishings@gmail.com?
Like many people here, I have come back from BC site feeling hurt & cheated. The staff is rude & they are not willing to share even a draft agreement till the cheque is realised. Not sure whats there to hide when they say its a standard agreement. Also, the sales guy said if we find anything wrong with the agreement, all booking amount will be refunded but as per T&C in application form, 1% of sale value will be deducted if we change our mind before getting into agreement???Thats unethical, isn’t it? I have big doubts now although I loved this project but the way mgmt is behaving, I am not liking it. I feel its my right to see atleast all the sanctions,approvals & draft agreement before giving any money to them. Am new to Bangalore so dont know if this is normal here to not share even draft if sale agreement before cheque is realised…,Not sure where to go what to do??
Can we ammend the Terms and conditions being laid out?
Hi Guys
I visited the BC office last week and they were saying that they are about to hike the price by 100 rupees again. However my point of concern is ,when I am booking the flat,the terms and conditions laid out will be given to me. But if I dont like any clauses, would I be able to ammend them
The contract no where says the carpet area and other details. We should have all clarity with the necessary points.
Thanks
Abhisek
Does anyone know about how much maintenance cost would turn out to be? there are so many gardens/facilities.. who would end up paying maintenance cost for those? did BC confirmed of any maintenance costing?
agreement says buyers should pay . it is not mentioned how much.
I went to BC , the office was overcrouded and only 2 sales executives.. they were so rude, when i asked them for the draft agreement before paying 4 lacs, they said that i will first have to pay 4 lacs then i will get to see the draft agreement. does anyone know who these people are? the sales person told me that they built tech parks in hyderabad, but shobha city guys are saying that this is their first construction project, dont know what s true, I want to know what is the terms and conditions of the agreement including:
– who will bear litigation cost if the land comes under dispute?
– are they doing water treatment ( i would obviously expect yes, but want to be sure)
– howmany badminton courts?
– howmany guest rooms for guests in the club house?
– would the club house be owned and handed over to association or will be retained by BC?
– what reembursement would we get if the project is delayed?
etc etc…
Does anyone have a draft copy that that they can scan and upload? PLEASE? i
i dont want to loose an opportunity because of bad sales staff ( just to give them the benifit of doubt)
Please connect with one of the members of google group and find reality of the contract. This builder is saying if there is delay in getting water / electricity connection , the builder is NOT to be blamed. Also, at one part of contract it says payment is time bound!!!.
I was part of the google group and left it few days back after I read about the way BC mgmt. is acting; even prestige / shobha didn’t act like this when I invested in their projects about 2-5 yrs back.
This is a new builder and considering this is a such a big and ambitious project to do, I have 100% doubts on their capability… a builder who is not able to make a proper contract, can we trust him with so much money?
One eg – while selling, they say modular kitchen is an option and u can opt out, the contract says YOU HAVE TO TAKE IT…
another eg – the builder keeps on changing the % of SBU area that he’s giving as carpet area and then tries to cover saying, we were not expecting such a response to bookings and hence a mistake… how can extra bookings be a reason for wrong % of carpet area?
BE CAREFUL is what I would suggest …
hi all,
if i am not right the whole of google group had visited BC, can you share the out put,
I have opted out. The whole thing looks like : You better buy it because I say so.
Have taken my money back. Nothing is clear, nothing explained. Attitude was:Take it or leave it. Left it. There are a hundred more around this area who are clear and well documented. Have weighed options and settled for Mantri Aura. Have been following this thread for a long time, now it’s goodbye folks. Take care. Wish you all the best.
Dear Shaleen,
i have the redraft copy of Aggrement, please dend your Email Address i will forward you…..
Can you share draft agreement copy?
patil_br@yahoo.com, pls send draft copy
Hello Ahmed,
I am another prospective buyer for BC. I am also scared with the terms and conditions being talked about in this forum. Certainly want to see the agreement. It’ll be great if you can oblige me with the draft you have. My email ID is gamerpriyank@gmail.com
Thanks
Hi Ahmed, can you please send me the agreement copy to abhilash0518@gmail.com
Please send me the agreement copy to sudeep.mahe@gmail.com. Thanks.
hi Ahmed,
we r prospective buyers too. would be obliged if u can email me the draft copy too.
my email id..shwe3438@yahoo.in thaks n regards
shwe
Hi Ahmed,
I’m also a prospective buyer. I would really appreciate if you can send me a draft copy of agreement jeetmehta@gmail.com.
Thanks & Regards
Hi can any one please share the draft copy of agreement? my email is anaikal@gmail.com
https://groups.google.com/forum/?fromgroups&nomobile=true#!forum/nikoo-homes
Any of you who have booked flat at Bhartiya City please join this group for more discussion
nikoo-homes@googlegroups.com
Hi Raj,
Kindly let me know the process to join the group
Hi Raj,
Kindly let me know the process to join, I could not enter
https://groups.google.com/forum/?fromgroups&nomobile=true#!forum/nikoo-homes
1) click the above link
2) u will see “Sign in to view this group” ( click that , sign in with ur gmail id ).
3) apply for membership , mention u flat number
Thx. TPV,
I tried and entered my flat no but it does not join me as member.
but I could send mail to the group.
If you could see, please respond
Hi,
This is Kamal.
Even I couldn’t able to join this group.Plz advice the procedure to join this group.
I am a prospective buyer. Can any kind soul share the contract at subharunm@gmail.com. Many thanks.