Type
Apartments
Options
2 & 3 BHK
Location
Hosa Road Junction, Basapura Main ROad, Off Hosur Road
Price
Starting from Rs. 42.9 lacs (as of Dec 2012)
Possession
Unknown. Pre-launch stage as of 2nd week of Dec 2012
Builder
Mahaveer
Apartments
2 & 3 BHK
Hosa Road Junction, Basapura Main ROad, Off Hosur Road
Starting from Rs. 42.9 lacs (as of Dec 2012)
Unknown. Pre-launch stage as of 2nd week of Dec 2012
Mahaveer
Supratik, I am still here.My friend has two flats .We are also waiting. You said you rejected two builders ,right thing.Lets wait.Mahaveer is more reliable.
Arvind, good to know.
Spoke to Srinivas from Mahaveer marketing team. He said that by March 1st week they’ll inform us on the status. However, to be honest, I felt that he didn’t sound very convinced. He also spoke of shifting to another project if I want. I said that I’ll decide after the March communication.
Let me know if you get any update.
Is there any update or communication to anyone on the project status?
I spoke to Srinivas but no confidence. I am planing to cancel and transfer to Ranches.
if you cancel the booking will the developer refund the booking amount????
Did anyone choose any other project in the area? How are the rates? Had seen a few projects like Sai Poorna Premier and GR Sagar Niwas. GRSN then had offered a similar price, but chose Mahaveer as the builder was well known and they were closer from the Hosur Road, within walking distance.
Another thing, if anyone knows – though is OT – do you know if there are any possibilities in the future to directly enter Nice Road (either from the access road which now just crosses over it or directly from the compound)? Also, heard that BDA was planning to widen that road and connect to EC back side (Ajmera/Ganga/Wipro). Is that true?
Today they were breaking the temporary shelters built for the workers …
Wje asked abt the reason … they say “Land has has some dipute and will only be decided on or after 5th of march 2014.
Interesting. I hope that it gets resolved, as I really like that location and with the Metro/Mono/PRR coming up, will be a great location in future.
I am anyways going to hold on to the investment till March like I said before. Only hope that they resolve it by then and also respect the commitment shown by us and dont hike the prices for pre-launch buyers when they launch the project (read in HS or somewhere that it seems Brigade had done that with a project in Hoodi area).
Would like to know how many of you are too keeping their money in the project, or am I stupidly alone in this risk?
Gopal, do you really believe that approvals in India are so hard to come by ?
This is India where only bribe talks and works and nothing else.
You can get anything with bribe except an honest person who incidentally doesn’t exist.
One builder in our great builder completed the building and later got environment clearance [if you search the web diligently you can find out ].
One builder gets CC and OC after completing the building.
One has almost completed the building with other clearances except BBMP/BDA sanction.
You can encroach govt property if you have political backing.
You can build anywhere if you can bribe the right people. THIS IS INDIA and this is reality.
Sometime back, I noticed the work had stopped in Mahaveer Oleander. On a closer look I saw there is a court case! (they have written the case number in large black letters)
Any idea what the court case is about?
Let’s hope at least this time they are giving out the fact by saying upto March.Many other builders keep on parroting the promise next week and the next week turns out to be next year or two years.I hope Mahveer group is not like those builders.
Any update? December is almost gone.
I called up Mahaveer CRM today. I was told that we will have to wait till March now.
Hello Anurag,
I have not yet withdrwan from this project, the location, facilities offered are good, on the other side, it should not be indefinate wait. I spoke to sales team, they are offering some other project than giving actual details on this project. Its a big concern. Had we booked some where else, we would have gained good benifit by now,
I talked to the sales team yesterday and I was told to withdraw the booking as they don’t know when the project will be approved or it will get approved at all.
Entire booking amount will be refunded but when I asked about the penalty for waiting more than a year, I was told that Mahaveer itself is going to make loss as they have already spent around crores in the project.
I am planning to withdraw as I don’t see any point in waiting further.
Even I am keen on this project since location, amenities and price all make sense. I am also waiting till March but obviously it can not be indefinite wait.
Which other project did they offer to you and at what price?
Hari, for other projects are they offering old rates or current market rates?
I noticed today that Mahaveer has removed Oleander project from his website. It’s not there in it’s upcoming projects. Though it was there in website few months back. Any idea why?
It is difficult to explain why oleander has vanished from their website.
[1] shriram summit is not on the website of shriram.
[2] skylark zenith is not on the website of skylark.
[3] Aratt vivera is not on the website of Arattukulam builders.
[4] purva west end is not on the website of purvankara.
Only vivera and westend are said to have run into legal trouble but not sure, as nobody knows.
The other two are not easy to explain as they don’t answer these questions.
Only Mahaveer people know.
Possibilities— [1] the new real estate bill is applicable to projects launching after October and it bans such ads before launch. [2] BMCIAPA restricts such pre launches.[3] Preparation to launch.[4] restricting supply side in the present hard times for the real estate.[5] legal problem with land [6] helping some other projects to sell in the Basapur area–helping friends.
The possibilities are only my guess work and I have not asked oleander sales team.
Mahaveer people read all these posts and also the posts about their other projects.But they do not post any replies on any website posts.
Whether it is on their website or not we can wait for some more time as the real estate is in a real mess.
Just ring up srinivas or venkatesh and try to find out.
Supratik, where did you find that price ? Their web site doesn’t have this project for the time being it seems. proptiger shows 3500 once in a while on different forums.Anyway waiting for a couple of months will not hurt as the RE is down in the dumps.
Arvind, check this link. You can click on the Areas and Prices link in it. Maybe this is their launch price, and they are yet to launch this page officially. But a Google search opens it up 🙂
http://www.mahaveergroup.in/ranches.html
I have decided to wait for some more time since mahaveer group is much more open than many other builders.Only after getting a true picture I will think of continuing or cancelling as the project area and amenities are convenient in many ways and the price is also not very high. Prestige which is far away is quoting high. some nearby projects are also more though not so reliable.
Me too. I dont mind waiting till Mar 2014, but beyond that might be difficult.
Btw guys, I just found out this discussion thread today and must accept that I’m a bit relaxed. There’s just three members in CommonFloor community, so was pretty scared so far.
correction it is seiaa july 2012.
Hello Everyone,
I got some information abt Mahaveer Oleander They told BMICP approved going to delay by Dec 2013 but that Guy(Executive) told me like it may take Feb or March 2014 upto Mar 2014 no construction going to happen
Thanks,
Saravanan
The project looked very promising, based on its location. But its getting delayed beyond limits. Any update on whats happening now?
Hi Kapil ,
Just i want to share with you all that i have cancelled booking ! Seems there is problem with land and approvals. Better you people contact Sales Executive Srinivas regarding issues .
Did you get complete refund? Did you get any interest on the money paid? Did Mahaveer offered booking in any of his other project?
Hi Anurag,
i have received Rs 1 Lakhs without any deductions. Due to no official confirmation from Mahaveer side , i am not able to discuss interest matters to Sales Executives .
Mahaveer launched new Project called “Ranches” Off Hosa Road , If you interested they are offering some discount . But again “Pre Launch” 🙁 🙁
Any idea on the price of Ranches?
According to their website:
Rate per sft: Rs. 3950 to Rs. 4375
The work has been stopped. Is there any legal issue going between the land owners? Any updates from the Mahaveer management?
Regards,
Lal
basement and ground floor completed.
check survey number. I think it is different.seiac meeting july 2011 shows a different number and name.
Mahaveer Oleander’s survey no. is 28/6, Basapura, Begur, Bangalore South.
Vijetha Builders had already got approval to construct building at this location from BMICAPA, as per BMICAPA approved building plans.
http://bmicapa.org/ (Approved Building plans Sl No. 19)
Vijetha buiders were constructing building at this location before Mahaveer.
Hope, Mahaveer will get the approval soon.
Hi Gaurav,
Nice Study , But i have little confusion !
is Sri Vijetha Builders Company is part of Mahaveer Group or Partner ?
why they got BMICAPA approvals instead Mahaveer Group for Survey No 28/6 ?
Hi Kshan,
Vijetha Builders Company is not a part of Mahaveer group.
They were constructing apartment there before Mahaveer.
I heard, there were conflicts between the builder and land owner, hence they did quit the project.
Thanks Gourav for information .
Baskar, old prices will not help you. If you like the location go for it.Check the historical price data from silkboard to hosa road junction that will give the clue. Negotiate on that basis. Announce here if you book. Good luck
Hi All,
I have created below group, all the buyers can join this group to discuss. Pls send your flat number while sending request.
https://groups.google.com/forum/#!forum/mahaveer-oleander
Thank u for the update even I called the executive(Shankar) he told its again delay by 1 month i.e September,2013 so we have to wait until approval comes.
Thanks,
Sarvanan
Hi ,
1) Carpet Area :
I have calculated the Total Carpet area of my flat .
It is coming approximately 78% of Total Super Buildup Area .
2) Undivided Land Share :
Total Land Size = 2 acres = 87120 sqfts ( One of Sales Person was told it is 2 Acres )
Total Area of all Flats = 29867 sqft , x 8 Floors = 238936 sqft .
Undivided Share of Land for 1156 sqft 2BHK is :
1156 / 238936 * 80000 = 387 sqft .Is my Calculations and Data are Correct ? Any Comments ?
why isn’t there any other information about oleander? Is everything ok?
hello kshan, do you have latest info regarding approvals and official launch of the project? Or has the project run into any trouble?
Hi Arvind,
I have visited the site on July 7th and Sales Executive told that Project will get approval by August first week. After approvals they will give 7 days time to Verify Docs then we can go for Agreement and Bank Loan .
kshan thanks for the reply
Shan,
Good proposal…we should take it up further…..
Any thoughts on bringing up Oleander’s Community?
Hi,
I have booked oleander north and east side on 1st Jan 2013. yet I did not see ,ore booking. When I booked. I was 23rd person. Till date only 37 flats are booked. I am surprised to see this and not much work. Is this good idea to go about this project? Can I get my 1lakh deposit?
Regards
Pramod
I am also planning to book in Mahaveer Olander I heard only 37 flots booked. I heard project is good but we have wait for next month(June) they are telling next month approval will come(June or July) if it comes rate will be morethan 3500 per sq ft
You can book. I have enquired with them. Looks like OK to go and trust them.
If BMICP is coming into picture, then whats guarentee that we will not get effected in case of nice corridor expansition..this apt is very adjsucent to Nice road without any space….something wrong!!
Permissions will given by the BMIC ( NICE CARIDAR ) then where is the question of expansion ?
BMICP approval !!! very strange…………there are many projects adjucent to Nice road ( like SNN, Purvankara etc)….they have not talked about this approval!!…..the booking status is absolutely bad ( after 6 to 8 months, its only 40 units)…
can we get back our advance? do we loose 30K in this case?
Hi Hari,
Few forums discussed about “BMIC” Approval And SNN Raj Serenity Project is One which comes under BMICPA ,
may be you can find more details in “SNN Raj Serenity Group”
SNN Raj Serenity BMIC Approval Discussion .
Has any body gone through Lawyer Verification ?
If not I am ready to join , as a group we can consult good lawyer .
Please discuss …
I agree with you Shan, Let’s consult a good lawyer as a group.
Hi,
I am ready to join for lawyer expenditure. Please contact me
It is very nice to have group , and meanwhile i am finding good &affordable lawyer . Also we need to know that what docs required for verification ?
We need legal documents for land. Hope they will give us.
Hi Kshan,
I am also planning to book in this project, please let me know if you have initiated document verification. I can join & share the expense.
You can reply to & we can discuss this further.
whats the price , that you are booking? plz share?
Hello, looks like this project is not moving further since quite long time, the booking status is stuck at 30% forever!!!!!!!.. are we investing in the right project? any comments
Hari
I too was following this project. I dont see this project mentioned in any ads of mahaveer developer. They dont seem to promote it . I dont know whats going on. The construction is going on but I think they still dont have the approval. … Not sure.
Hi ,
Almost i saw Oleander Adv. 3 weeks back in TOI. And having same doubts and many thoughts like you .
But Finally Yesterday Adv. in TimeofIndia gave some hope to me.
Yes, Mahaveer Oleander Promoted On 21/Apr/2013 TimesOfIndia with hyped Rate Prize.
48 L + Reg .
But i am little optimistic about booking status because of Real Estate Slowdown (Certainly) And Still we have 2.5 Years to complete project .
we can except some growth after project got full approvals .
What you Say ?
I too saw the ad in weekends TOI.
Not sure whats going on. And from what I remember only 35 units had been booked till last month. Personally, I like the location but not able to make a final decision.
I visited the site yesterday. Progress is not much satisfactory. As per the sales person’s update, 40 flats have been booked so far.
I came to know that the building plan and elevation needs to be approved by BMICP (Bangalore Mysore Infrastructure Corridor Palike) and not by BBMP as the project site is adjacent to NICE road. This was a surprise to me as I was told that BBMP is going to approve it when I did the booking.
Looks like the approval process is getting delayed for this change.
Does any one know what are the implications of BMICP approval instead of BBMP ?
Thanks,
Gopal
Thanks Gopal for important update .
Hi ,
Can Any One Clarify me About Vastu Of this Project ?
Because , I have booked East Facing Flat .
After going through some google maps i realized that it is Sourth-East facing,
i am confusing now !
Please give me your ideas . Whether i am correct or Not ?
thanks Shan, Gopal. Its clear now.
Reg should be extra.
Shan do you know if they are giving
hello Shan,
2900 SFT includes registration? thanks for your feedback
Hi,
2900/- is SFT rate ( No. Of Sqft * 2900 = Basic Cost ) ,
Apart from that we have to pay
1) Carparking – 200000
2) KEB & BWSSB : As per No. Of SQFT ,
3) Taxes & Legal Other charges : As per No. Of SQFT ,
4) Association Dep – 20000 ./-
5) Maintainence Charges per 1 Year – No. Of SQFT * 2 Rs * 12 Months
6) Club Charge – 35000/-
All the above charges + Reg. Fee = Total Flat cost .
How the builder has calculated VAT and Service tax?
Hi,
I have booked a flat at Rs. 2900/- sqft few days back , But they told that going to increase little bit amount from this month onwards.
Mahaveer has mixed views about their quality , Only thing we can do is we can verify their already completed projects. I have verified with my few friends who are residing in Mahaveer Projects and their opinion is not bad.
There was a big discussion about Mahaveer Tranquill Project , Hope it will give more details about mahaveer – http://harshasagar.com/2012/07/28/mahaveer-tranquil/
Please share if you know any details ..
Hi,
It is on which floor ?
I heard that they are charging 25/- psqft from 4th floor onwards for every floor.
so the rate 2900 is for which floor ?
BTW, how is the water condition there ? Does any one know ?
Thanks.
Hi ,
It is in 4th Floor , And rate i got was included Floor rising charges ,
Regarding Water problem , Certainly there is water Problem at least in summer,
But they have 3 bores and Kaveri Water Connection are laying down in that area , Hope it will come soon ( not at least before 2 years) .
Thank you.
I have booked one on 6th floor.
As I understand, the BBMP approval will take 4-6 months. And After that only we can have the agreement and proceed for bank loan.
So currently (after paying the initial booking amount), what all documents we need to get from the builder ?
Thanks,
Hi Gopal ,
Congratulations ,
After booking we will get Booking Form and Payment Scanned copy ( In Case of Check / DD ) by mail , and We need to keep payment receipt for further use.
Apart from that i have asked sales person “Land Encroachment ” certificate But he said they will provide all docs at time of Agreement,
Please let me know if you know any other details .. ,
this is my mail id : ,
Thanks
hello shan do you know if they are giving the allotment letter now?
Hi Gopal,
They are not ready to give allotment letter now , may be at the time of agreement we can get .
By the way which bank are you choosing for Home Loan ?
This link has great discussions
Best Bank For Home Loans in India .
hi Shan thanks for the info . . I would prefer sbi. but looks like it may take more time
As the builder is not getting the approval from this bank
Hello Folks…
The rate I mentioned here is the one which I negotiated with the builder two months back.
So please don’t expect the same rate now.
Builder already informed that they are going to increase the rate from Jan2013.
Thanks,
Gopal
hi Gopal,
could you let me know whom to contact for this project as i am also interested in this. i am looking forward for 3 bhk.
ram kripal singh
Hi Ram ,
These are the Sales Person Contact Details in ” mahaveergroup.in ” .
These are Contact Details :
Mr. Srinivas: 9342829089 ,
Mr. Purushotham Reddy: 9343088810 ,
Project Link :
http://www.mahaveergroup.in/projects_info.aspx?pg=prj&plnk=inf&cid=35&scid=61
can u give me some more details on the same.
Hi,
Can You Elaborate What details you need ,
Hi,
I am also interested in this project. Went to see the site yesterday. Can any one tell more about the builder ? their quality of work.
we all can get together and find out. plz mail me :
Hi ,
I am interesting in Mahaveer Oleander , Sales Persons quoting Rs 3200/- sqft ( negotiable ) , Please advice is it reasonable prize ? and is there any water problem in that location ?
Project plan is good and they are providing amenities including ( Swimming Pool , Tennis Court , Indore Games , Gym and Children Play are )
It is in Pre Launch so they don’t have any approvals yet,
Thanks
Has any one booked flat here ?
Please let me know.
Would like to discuss few things.
Thanks..
Does any body know the exact location? How is Mahaveer quality and commitment?
It is on the Basapura Road.
While coming from Silk board towards E-City, take the right at the junction (Hosa Road Junction) near Pillar number 153. Come down around 900 mt along this lane. You will see the Mahaveer hoarding.