Provident Sunworth
Provident Housing the affordable projects arm of Puravankara Group has announced their new project called Provident Sunworth to be launched on 12th Jan 2013. The project spanning over 59 acres will host about ~5500 apartments. Provident Housing also claims to provide a huge list of amenities for the project including 3 club houses & swimming pools. The project is set to be executed in four phases.
Provident Sunworth
Provident Sunworth Options
- 2 BHK – 883 sft
- 3 BHK – 1082 sft
Provident Sunworth Location
On the road adjacent to Rajarajeshwari Medical College leading to ACS College of Engineering, Mysore Road – NICE Junction
Close to GoodEarth Malhar project
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Provident Sunworth Price
2 BHK from 26 lakhs including car park
3 BHK from 32 lakhs including car park
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Provident Sunworth Investment Plus Points
- About 1.2 km from the entry to NICE Road, offering good connectivity to Electronic City
- Price looks good considering the fact that Brigade Meadows which is similarly located after the NICE corridor was launched at 2390/- during July 2011 and is now quoting about 3140/-
- Amenities proposed look good and take into account the size of the project
Provident Sunworth Concerns
- The project is adjacent to the Vrishabavathi river which is highly contaminated with sewage and industrial waste
- Ground water quality check required & source of water supply should be questioned (Cauvery?)
Take the poll – Is Provident Sunworth a good investment?
[polldaddy poll=6816549]
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- Provident Sunworth
Thanks to VK for sharing the photos
URGENT:
Dear provident owners.
Just saw a news in B-TV stating provident sunworth has some land disputes because it belongs to the Government.
Provident builder has not taken enough permission to construct building on this land..
Since I am also a owner of this property, bit worried.
Can some one pelase comment on this?
Yes even our family has seen this news on BTV. What’s going on? Is this an authentic news? Please confirm.
http://www.mybdasites.com/viewtopic.php?t=7962&p=38825
Just got to know about it. It seems all the owners r planning to gherao.
Please up date me also as I have also taken a flat in phase2
provident claims that this news is fake, don’t know how far its true. Does anyone have more clarity on this?
Please safeguard yourselves !!!, with the help of a lawyer go to the dc office and try to get copies of original land documents, before the issue is swept under the rug. After the builder exits it will conveniently crop up again.
Hi,
We do have a flat in Provident Phase II. We saw news on Saturday and had called the provident office. They are telling it is a fake news and the legal team is working on it. Today also the same channel (BTV) is airing the news and telling that ” Yudha Bhumi Organ” is going to do a strike tomorrow near the site.
We are worried and don”t know where it stands now.
Has anyone visited the office, got any news. Plz update
Hi,
I have purchased a flat in Phase II, any idea on the possession date, when called in to customer care there is no proper response. Also they are not allowing me to visit the site…Did the Phase I possession completed?
Registration is going on for Phase1. I was allowed to see Phase 1 property but not allowed towards Phase2 as it was under construction.
Mr Bharadwaj,
You are in phase II? Me too. I have paid 3 instalments and the fourth is due now. I asked for the writ petition copy and the Govt order against which it is filed but they are NOT GIVING which shows that they ARE HIDING SOMETHING VERY SERIOUS. If we ask for refund of our money, they say they will charge 15%. Is it not injustice?
Try to get writ petition copy.
I have a 3BHK super premium East apartment on 9th floor available. ready for possession. Please reach out to me raji_varghesein@yahoo.com or 00971508151035
Hi even I was also planning to buy provident sunworth as it’s nearby to my office but for the posession,it’s a big question mark.Can anyone suggest me any ready to move in apartments in nearby areas.
I have a 3BHK super premium North Facing apartment on 1st floor available with all windows east facing. ready for possession. Please reach out to me @Need4speed.23@gmail.com for further details.
I m seriously worried on possession,…on booking it was told Aug 2014, today i talk to a CRM lady and she was not even sure for June 2016.
What is happening ?? anyone idea why so delay?
more surprisingly, the internal work is still to be completed … Purvankara has ruined the name in market.
only God knows when will be the possession…. atleast compensation must be given on priority.
Regards,
Abhishek Anand
9538234888
Sunworth (6E 903)
Abhishek same here too
Hi folks I have recently shifted to Bangalore and looking out for a Ready to move in apartment nearby to (Global Village tech Park) in kengeri(Mysore road), any leads would be appreciated.
Hi Prithvi..You can reach out to me on Need4speed.23@gmail.com. I have a 3 BHK Super premium Apartment ready to move at Kengeri…
Hi.I am having a 3 bhk flat for sale at provident sunworth.Please do call me on 9739822266 to discuss further
Hello,
I have 2 BHK apartment for sale / Lease in Provident Sunworth – It is 2-4 KMs from Global Village.
If you are interested, please call me on my mobile +91 99455 13215
I have new photos of project , how can i update the same to Harshasagar
Please send them to harshasagar@harshasagar.com and we will update them.
Friends,
Do you know why the possession and registration is delayed in Provident Sunworth?
Hi Mr.Narayan,
Can i have your mobile no , creating a group in wasapp
Please add me to the whatsapp group for Proident Sunworth, I am the owner of 5p-504 flat.
I am also wanting to be in the whatsapp group! We have booked in phase 2
Phase II. Yeah Im searching for people in phase II because Im also in Phase II. Have you contacted customer care about the TV news? have they replied you? Tell u something:
THEY HAVE FILED A WRIT PETITION IN HIGH COURT WHICH MEANS THERE IS A GOVT ORDER AGAINST WHICH THEY HAVE FILED IT. WHAT IS THAT GOVT ORDER? I ASKED A 100 TIMES FOR THE COPY OF WRIT AND GOVT ORDER BUT THEY ARE NOT GIVING. THEY ARE NOT READY FOR REFUND OF WHAT WE HAVE PAID ALSO. THEY CHARGE ABOUT 15% PENALTY.
BETTER MAKE A WATSAP GROUP.
If you are interested in buying two 2BHK adjacent apartments in Provident Sunworth in 6th block, 6th floor with open car parks, grilled balcony and 40+ amenities, construction by L&T, please send me your phone number at upjash77@gmail.com. I have relocated from Bangalore and would like to close this before registration begins in Feb/March.
I am planning to sell my east facing 3 BHK super premium flat on 1st floor. Interested folks leave a message.- Need4speed.23@gmail.com
Hi Rajeev,
Can you please send Cost break up sheet on my email id :- nitinchamp2001@gmail.com.
Waiting for your reply
Hi Everyone,
I am planning to sell my 3 BHK flat on 2nd floor. Position 2016 feb/march
Interested folks leave a massage to nagaraju.chunchula@gmail.com.
Please share the complate details at mailashupatel@gmail.com
Please share the complete details.
Thanks,
Harsha
Please share more details about the house and pricing.
I am planning to sell my east facing 3 BHK super premium flat on 1st floor. Interested folks leave a message.
Hi Rajeev,
what is the reason for selling the flat and what is the price you are quoting for your 3BHK apt.
Also what is super premium flat?
Harish.
Hi Harish
Can u share your Mobile, Email?
Hi Harish…You can reach out to me at Need4speed.23@gmail.com for more details.
I am selling the flat as I am planning to buy another property in North.
Super premium flat has an awesome view in front i.e. it does not have any flats in front.
I am ready to sell this for 2-2.5 lacs less than what builder is quoting
When is the Phase 1 possession expected?
i am going to book 2bhk Provident Sunworth . Can any one please give me some feedback about the project.
Hi, I have booked 2bhk super premium flat in 7B block 3rd floor. The flat is right opposite 18000sft club house, Since I have already taken alternate site at Mysore I want to dispose off the same. I am willing to give it to you at Rs.1.50 lacs less than builder rate. If you are interested please contact me on 9448203064
Hello, Due to financial constraints, I would like to sell 2 BHK flat. Very reasonable price, Genuine seller. 40 – Excellent features. Happening place. If interested, please call me on my mobile +91 99455 13215
Hello all
We bought a 2 bedroom premium vastu-compliant flat on the 10th floor, which we now wish to sell. The construction will be finishing in August 2015. If you are interested in buying the flat, please reply to this message.
Thanks
Hi, whats the reason you are selling this flat? Which block is this and whats the price?
HI , I am planning to Book a 2 BHk by Next Friday.
Any tips for Final negotiations would be highly Helpful and would be Very thankful to them.
I was told Bookings are happening on 5E at present. Is this a Good Location.? or should i ask for Something in Particular?.The Ones facing the ClubHouse is soldt out as told by them.
Please PM me on online.harsha@gmail.com.
Contact me @ 9538054342
Dear Harsha
Avoid this project. The quality of the project is not good at all. Why do you want to spend your hard earned money. You can go thru all the reviews in harshasagar..people who are seen the real things post the comments in this place..
Puruvankara is not transparent in all its dealings…
Thanks for ur reply.Neither me nor my family members like the room size.
The rooms are very small and one has no options. Wonder how will i live.
Only thing i am tempted for is the Amenities.HMnnn still with croseed fingers.
Harsha, dont listen to people who do not know about the project (sunworth) and they just talk … Please visit the project site and see the quality of work and then decide.
But Harsha, you right in terms of the room size.
Dear Harsha,
You are right.rooms are small,but you can think of quality,raputation of the builder.I am sure for a middle class family leading a qualily life in such a calm ,peaceful area.,ree from traffic,You can enjoy the amenities are of premium lifestyle amenities.I AM SURE YOU WILL LEAD QUALITY LIFEFE in this locality with these facility.
Oh my god, all of you are scaring me and making me guilty for buying this flat. as i know provident sunworth is a good property
I don’t think one should feel guilty for investing in this project. The construction is in full swing and the response is good from the team (Sunworth). The appreciation in the value is good for those who invested in the initial stage.
0% construction is in full swing,
0% Response from Provident sunworth when existed customer call them.
0% Appreciation value for investment, since there is lots of flats left out in Phase1 and they putting lots of struggle to sale the Phase 2.
It will be falling in well in night which was already know in day.
Pitiful to see such comments – I have bought a flat in phase 2 and I know for a fact that the construction is in full swing – how? Cos I am paying for every slab that is been built. I really don’t understand on what basis people make such claims but as far as the project is concerned, it is indeed a good investment. 1082 Sq. flats are not the largest you get to buy but for the price and amenities, it is indeed a good deal.
Just because you have bought in the project and are not able to resell it, does not make it a good project. Purvanakara and Provident group have very bad reputation.
Mr. Rakesh and who ever you are, I bought this apartment to stay/ make this my home and not to sell. The person who bought a flat knows the quality of the project as he is investing his hard earned money in it and it is so lame to see a random person taking about the project.
I bought an a 2bhk flat at provident sunworth. Phase-1, North Facing, Possession – Aug to Oct 2015.I want to sell my flat. please do let me know if anyone is interested in this … email:- amar.hadoop@gmail.com
It’s from Oct to Dec now,,,
Friends,
If you really interested in depositing all your Hard earn money into Puravankara/Provident bank Account then kindly read the review of Puravankara/Provident Harmony @ http://harshasagar.com/2012/01/08/provident-harmony-puravankara-group-location-price-review-concerns-public-opinion-more/
Quality sucks !!! All the plaster is coming with finger nail !!!
Kind of response we received from Puravankara/Provident after agreement:
We called: No response
We wrote the mail : No response
We had the meeting : No response
We wanted to visit the flat : Not allowed
We wanted to verify the quality from 3rd party: Not allowed
What Next ?
Make a wise choice !!!
Not sure why someone would post the review of a different project under Sunworth. The build quality is good and construction is done by L&T. Romm size is less (3bhk @ 1080 SQFT) but I found the locality peaceful and Aminities attractive – booked mine in Phase 2.
100 % Agreed ,,,,, customer care team is worthless in sunworth…
i have keep writing a mail & but NO response…
There are quality issues like very bad quality building materials used in Provident projects. One of their projects which is under construction has developed cracks in plaster internally.
Provident projects are akin to Penny stocks in stock market. They serve 3 purposes:
1) To catch low budget, price sensitive customers, who would otherwise be not able to afford the so called LUXURY projects (1Cr+)
2) To ASSURE deep pocket customers that hyped up prices for LUXURY projects are completely justified and really worth it. After all, deep pocket customers DESERVE to get more.
3) To act as dumping ground for people with surplus cash (disposable income). You will find more gullible “investors” at these prices.
…. and even if everyone knows about their quality, expect people to fall for it every time builders play this card.
http://www.businessinsider.in/No-Takers-For-Property-Dark-Diwali-Ahead-For-Real-Estate-Players/articleshow/44813385.cms?utm_source=TOInewHP_TILwidget&utm_medium=ABtest&utm_campaign=TOInewHP
Quite some time back, one of my friend was working for a engineering company undertaking Provident Sunworth’s construction. He was so disgusted to be asked to use inferior construction materials and the pace at which work was hurried.
He has a clear and a honest advice to me and all my friends -“Never buy from Provident”.
Having been involved in construction, budgeting and procurement of the construction, he was very clear that there is no way Quality will be a priority. It just a mass build for cheap housing project. Hence please refrain from buying and also tell your dear ones to give this project a skip.
Regards,
Venkatesh
Shocked to see the recent unethical/inaccurate/false/misleading advertisements by Provident for their Welworth city project (which is of course a dud project). It is still acceptable to claim that a ready to move in project is launched when the fact is they havent been able to sell during pre-launch/launch/construction phases. I can give that much credit to the marketing guys for putting a spin. But what is ridiculous is to try and remove the slightest of the connections with the original project. Sample this
1. the ad says Provident Freedom whereas its just the same old Provident Welworth City.
2. The location mentioned in the ads is Yelhanka Airport Road whereas in reality the project is on Dodaballapur Main Road, a good 15 -20 Kms away from Yelhanka Airport Road.
What do these builders think – specially purvankara? that they can change a name and fool people? Anyone who is looking to buy/invest will not even go and see the project and come to know that its the same worthless trash?
Latest spin from the Purva Marketing team:
Presenting:
The Pre-Launch of “The Waves” at Purva Palm Beach……!!!!!!
Just change the name and Call it Pre-Launch..!!!.
Seasons / 270 …. déjà vu?
More info at:
http://www.puravankara.com/PurvaWaves/WavesBrochure-DS.pdf
I think Purva guys are trying to follow a logical sequence – they first launched (or pre launched rather) the ‘beach’ and now they are pre-launching ‘waves’ 😉
after that they will pre-launch ‘sand’.
That completes the logical flow : “beach = waves + sand” 😉
What about ‘Water’? When would that be pre-launched? They can demand a true premium for that, since it is a scarce commodity in these parts !
After water, they may pre-launch “boat” for their customers to take ride while they ride their customers.
Provident launched another project called RAYS OF DAWN at the same location. plot measirung 59 acres again. what is happening here – http://www.providenthousing.com/projects/provident-rays-of-dawn/
Its a new phase in the same project…some sort of inventive way to sell crappy projects
not inventive but rather unethical and unprofessional way to try and cheat people !
As sales decline and market recedes from these artificially inflated levels, expect more such “innovations” to lure customers. Days are not far, when they will be pre-launching each floor of a building with different names!!!
Assured gifts, foreign trips, checks worth 1L, gold coins, marketing same project in different names (what’s there in name, after all), and many more such “innovations” are lined up for “investors” for different occasions.
But, alas, their innovation is limited to such gimmicks only; can’t think of ones that make housing affordable for average Joe-and-Jenny.
this is clear cheating. they have both projects at same location listed on their website, so how is this another phase of the project? god save the people who have invested in Sunworth then.
Can any one advise me which is better option for investment.Provident The Tree or Provident Sunworth .I don’t want to pay in one go and looking for something which have good return in future.
I have no knowledge of banglore location.So just help me out.
If its sun, then you need tree too. So buy both.
Hi All,
I have booked a flat in Provident Sunworth, Phase I, 6F. As we are relocating to US, we would like sell my flat. Details are as below :
Basic Cost – 40.5 Lakhs
If someone is interested please contact me on 9880447289
Regards,
Prabhakar
I am interested in your add ,is it 3BHK please contact me.
Hi Vinod
Can you share your email or telephone, I have 3 BHK to sell
Hi all my husband has booked 2bhk flat in Sunworth in the 12th floor but we haven’t visited the model flat still now as we stay far in vidyaranyapura and we have booked as this as an investment or for future purpose….any idea how is the project going on and when it will get completed???
I have bought a 2BHK ,North facing (Premium),6G , 7th floor in Sunworth.Currently I am in US and would be staying for couple of more years so planning to sale it :
Builder base price = base price + floor rise + premium = 3790 + (7*15 ) + 50 = 3945 * 883 = 34.83
My expected base price around 33 lacs .
Please send email to amar.hadoop@gmail.com incase any is interested
Thanks,
Amar
work is going on very well u want more details go to provident website there is progress report uu can see
Hi All,
I have booked a 2BHK apartment in 5N block in 7th floor with Super Premium View.
I received the sale & construction agreement & after going through it i have many doubts, since i am a first time buyer –
1) What is undivided share ? Is it the land that every individual who owns a flat there will get in the total area (i.e 51 Acres) ?
2) If i’m given only 303 sqft of land, then what about the 883 sqft for which im paying the money ?
3) Its mentioned in the agreement that the Vendor is the absolute owner of the larger property (51 Acres), then how come this undivided share of 303 sqft is given to the each individual owning a 2 BHK apartment there ?
4) No where in the sales / construction agreement there is a mention of the i) gazebo, ii) Forest walk / mini forest, iii) Natural seasonal water body, iv) community lawn (but all these are specified in the master plan), will these common amenities be built or are these simply sales tricks to fool the buyers ?
5) Its mentioned in the agreement that the vendor has the right in future to build other buildings in the amenities area provided & the purchasers should not hinder with it. Does this mean that the builder can go back on the promise of the amenities being provided ? As the main attraction in this project is the huge list of amenities being provided.
Can anybody on this forum please clarify my above doubts as i have only 1 week left for paying the 20 % agreement amount.
After going through the Sales & Construction agreement i’m very doubtful on whether to go ahead with this investment or cancel it.
So please kindly provide me your advice.
Thanks
Raghav
Hello,
I have booked a 2BHK at provident sunworth phase 2 in Jan14. It was a hasty decision taken by me without giving it enough thought due to time constraints that I had for various reasons, and now I have a post purchase dissonance with the following questions, would be grateful for your suggestion’s/advices/ and point of views:
1) I booked the apartment at 3647 rupees per sq ft in Jan 14, recently I witnessed a person booking the same in March 14 at 3575 rupees per sq ft, am I being ripped off here? How can I take it up with the builder?
2) I dint see their model apartment before booking, and now I feel that the bedrooms are too small based on the size given, they would hardly take in a king bed.
3) Feel I could have got a better deal with other projects and now my money is kind of stuck. I have paid a total of 7lacs until now, should I continue? and what happens if I have to cancel the booking and retrieve my 7 lacs.
Thanks & Regards,
Amit
Hi Amit,
1) I booked the apartment on March 31st & i also paid Rs. 3647 /- per sqft for Super Premium View in 7th floor. There was festive offer for about a week in the 2nd/3rd week of March. So i think people who did their booking on that period got a discount of Rs. 100 /-. So that is why that person would have paid a bit lesser than us.
2) The model flat that i visited was fair / good enough for a 1st time buyer for investment purpose like me. Yes but the 2 bedrooms were too small. But as per their offering they had only 882 sqft and 1080 sqft. So even the other option of 3BHK (1080 sqft) also has all the 3 bedrooms to be very small only. So if we have to buy a flat in this project then we have no other option but to accept whatever is being available.
But on the brighter side I believe the amenities being offered here are one of the best. Before booking a flat here i did some researching for almost a month about the other available options, and i did not come across any builder offering diverse amenities as being offered by provident sunworth.
3) There is no point in cancelling it now. You would loose a lot of money and out 7 lakhs you would hardly get 4 to 5 lakhs only.
I think in few years the prices around here should appreciate as there are already a lot of educational institutes around, a new Bangalore to Mysore expressway is being proposed to be built and also in phase 2 of Bangalore Metro there will be a extension till kengeri which is very close.
Regards
Raghav
Same concern of me too booked 5N 10th floor
thanks
Nagesh Shettigar
Hi Nagesh, I have also booked in 5N 10th floor .. would like to speak to you about the apartment .. can you drop your phone number in my mail
or just provide me your email id?
They are quoting me Rs 3632 per sq ft for phase I and 3582 for II phase. Is this what they had quoted for all?
Yes..the quoted prices are similar for Phase I and II.
Uninformed people like to invest in such remote locations near nallahs and gutters. And FYI namma metro second phase last station is 6 km (even first phase is not completed). You guyz believed whatever crook sales man told. 🙂 . Provident sunworth is 1.4 KM from mysore road and you are saying 200 m from main road. What the height of stupidity. There are few IT companies in global tech village. Rest there is nothing. In fact at least kanakapura road is very near to city/JP nagar and jayanagar and BDA layouts. BUT today Kanakapura road is as costly as JP nagar that is why smelly location like sunworth is discussed by people. But friends first understand the total cost of ownership before you get the keys including you paying interest on your loan. Its better to be away from this. Provident welworth city is a classic example where people purchased earlier, now not getting any tenant or resale buyer. Resale there is happening at only 5-10% profits. So why invest at such location and later cry. After nice road anything more than 2500 psft is costly. You wont get any profit as slow down is already arrived in india.
Jayadeva,
there are many gutters in bangalore where large apartments were built and appreciated greatly. classic example is the diamond district. These apartments 10 years back were selling at 16 lakhs and there were similar discussions.
But currently even you will not find any in them to by at 1 crore….
so if you have money then you can take a risk…
Hi, vk, I have booked a flat in 8A block. What will be the distance from the nallah?
Hi,
A number of people worried about the nala. I wonder how many projects exist in Bangalore miles away from a nala of some kind. I live in Sobha Ruby and we have a nala abutting the property. Those who came to purchase this 5-6 years ago at launch but went away looking at the nala, could have more than doubled their investment had they bought it then. Even better, the investment would have delivered returns without any associated foul smell from the nala that does appear filthy and nauseatic.I don’t think there is anything to worry.I bought a sunworth flat as it makes a lot of sense to my context and as someone said, if one has the cash, MG road is the place to go hunt for a flat.
Hi, vk, I have booked a flat in 8A block. What will be the distance from the nallah?
hi Ballal,
even i have booked an apartment in sunworth in 5M block. Did you take legal opinion for the documents? if so, can u please send me the scanned copy of the legal opinion to deepakmk001@gmail.com. Please reply.
i am planning to book a flat in II phase (5M, 5N, 5P). Any idea how many percent of 1st Phase is booked? Is it sure that they will finish the project, i.e., 1st Phase by Aug 2015 and 2nd Phase by Dec 2015, as promised? What about the quality of water? Has anyone got the legal opinion on the document, please mail me to deepakmk001@gmail.com
friends, patience is the key..provident welworth city is not even completed..it will take 2 more years for final handover…people bought there for 15 lacs (2BHK) & today’s resell rate is around 25 lacs for unfurnished flat..Sunworth has already appreciated..launch price was 26 lacs & its currently running at 33 lacs (2BHK)….obviously if someone has the cash MG Road would be the best place to live in but people like me are happy to own a premium flat little far away from the main road..I remember there were no buyers for Prestige Acropolis coz it was “far away” place..& we all know even 2 crore would be too less too a flat there.
@abhi : realize one thing boss, resale values are just a book value, a number that you can feel happy about. Do you think each and every one of you who is purchasing flat there will be able to sell it at the price that you desire. Dont you see, the builder himself has taken 2-3 years with the manpower at his disposal and the advertizing budget that he has and is still not able to completely sell it. Do you as an individual has the wherewithal to match the advertising power/budget of the builder. Also, most of you buy the flat after looking at brochure (based on what builder has promised). When your flat is ready, prospective buyer sees everything, selling at that time is not a cakewalk. Also, when your flat is appreciated in value, there will be some other locations that builders will promote at cheaper rate. why will a prospective buyer come to you and not go another builder at another location offering another provident kind of home at cheaper rate ! Plus you will ask the entire cost, builder will offer staggered payments based on the construction (which suits a buyer’s finances). Ask yourself, why did you not go for a resale flat? why did you come to a builder for new one. If you did that, why do you think buyers in future wont do that?
@ Sachin – good point, it totally depends on the individual..most of the sensible people hold the property for at least 5 years (after completion)..I’m sure prices normally doubles up in 5 years anywhere in Bangalore..even in places like Sunworth, Welworth & Harmony..now even if the owner sells the place after getting 75% appreciation I believe its a good profit.
I understand these properties will take time to appreciate but there’s no harm in waiting for 10 years.
🙂
10 years waiting ? ROFL…. for a middle class man first its no possible…second if some takes on loan he will die while repaying the loan for 10 years and his return will be meagre of deduct the interest paid for 10 years….
example: end to end cost of a flat is 40lakhs 32 lakh loan taken.. EMI is 45K for 10 years…5.4 lakhs per annum it means 54 lakh spent… 8 lakhs that you invested as 20% on first years will have notional value of 19 lakhs.. (10% interest)…total cost of ownership = 54+19=73 lakh. so if you are able to sell it more than 73L then it will be good investment for a middle class guy…. some one having spare money that is a different case
@Prabhu..if the invster is clever he can close da loan is less dan 6 years..no more commnts..only 1 liner dat property prices hve nver cme dwn in India.
Please advise which investment instrument gives 10% annual returns??
Hi, I am considering to book a flat in 2nd phase to stay with my family. I have been hearing a lot about the nalla and Vrishabavathi river water contamination. Is this really going to be a concern, just wondering how other people from the same locality are managing.
1. Mr. Prabhu, even Sobha Ruby and some other blocks of Sobha builders at 8th mile Tumkur Road has a gutter just next to the property, with the compound wall running just next to the valley. But the builder sold the flats for Rs.45-50 lakhs around 3 years back and now the price is anywhere between Rs.65 to 75 lakhs.
2. With no other road left in Bangalore for development, Mysore Road is bound to develop. Also, Mysore Road has now widened and it only takes some 20 minutes from Mysore (Sirsi) Circle, near Gopalan Mall to reach to Provident Sunworth/Rajarajeshwari Hospital. With the new flyover coming at Nayandahalli junction, the travel time should reduce little more.
3. Also, compared to the useless layouts with roads as narrow as 10-15 roads where your car cannot even take a proper turn which u can see in areas like Uttarahalli, where builders are charging anything between Rs.40 – 45 lakhs for small apt. blocks containing only 20-40 apts. I feel this is a better option. If u see Uttarahalli Cirle and Main Road, I am sure u will definitely agree with me. And, according to me it is good to take a walk upto Mysore Road abt. 1.4 km early in the morning even if one doesnt have a vehicle to reach the proposed Metro Station (Once, the Metro reaches upto Kengeri, surely there will be a Station right at Rajarajeshwari Medical College, from where u need to take a left turn to reach this property.
4. Abt smell, even prime properties in Ideal Homes area in RR Nagar stink during summer, but the property prices have sky rocketed during the last 10 years.
5. When I bought a property in BEML Layout, RR Nagar 12 years back, I paid Rs.250 / sft. Now the price is abt. Rs.7000/-/sqft. When I bought this property, there were only 3 buses that were plying thru and everyone considered me a big fool. Now, the same ppl. are appreciating me. So, whoever has invested in Provident Sunworth cannot be called as fools. Each one will have his/her own view point.
6. My property is abt. 3.5 kms from Mysore Road. Provident Sunworth is just 1.4 km. If, we consider Metro stations will come at RR nagar Arch, and RR Medical College, then Provident Sunworth is a better option, coz, travelling another 8 kms in Metro on Mysore Road will take hardly another 5-6 mins.
7. And smell, u forget……. whole Bangalore stinks. Unless ppl. stop throwing plastic covers and other things on road side no one can expect the marvel of old Bangalore which used to be in 80s. Hear me?
Also, this will be good property for oldies as there are many features which offer the tranquility and silence required. Personally, I would pay any amount for the kind of silence that will surround me at such places away from Main Roads, free of dust any other hustle bustle.
I will many will agree with me.
Fully agree. One other important consideration is of course the safety of ones investment. While nothing is guaranteed in today’s times, I will feel relatively safer putting my money in a reputed builder than a fly by night operator. One of my colleague’s friend has invested in a prime property close to an upcoming metro station, the location is awesome but its been more than 10 years he has been awaiting possession – still doesn’t look close to getting either the flat or his money.
Any update on what is happening on this project on progress etc etc
You may wish to join the FB group at https://www.facebook.com/groups/474391845966773/
Hi All,
Please check http://providenthousing.com/sunworth/index.htm
The price of flats is increased.they have posted pictures related to project progress
Hello
I have alos booked the apartment in provident sunworth.
Thanks to vk for the opinion
Gururaj
Stay along with Nallah in provident sunworth…. and too after giving very high cost…I think it would be disaster for investor as well as residents…no one will come for resale flats…and no one can stay because of very bad smell….
Please do not post unnecessary negative comments. People who have bought the flats have decided after lots of thinking & analysis.
Gaurav,
You better stay away from this group if you are just posting messages without much know analysis.
Many people have visited the location and also considered the facts before putting in the money into this project. this is going to be a 60 acre development with 5900 + units. it is a major reputation for provident and they are not a third class builders to leave the nala and gutter unattended if it causes a problem to the residents.
They are not going to run away after this project and they have to sell future projects as well.
Prestige has around 160 acres near bidadi, brigade is planning to launch a project opposite rajarajeshwari college, vbhc has a project after provident, blue ardley and sobha has landbank in mysore road.
It is just a matter of time of 5-7 years and this location has the potential to transform.
Also prelauch price that i entered into this project was around 2732 so i guess it can provide a ROI.
Friend, I would appreciate if you tell both positives and negatives. You are telling just one side of the story. Same is happening in welworth city. Ask the owner there if he got any tenant or resale buyer. And you should be away from this forum for posting the info helping builder selling flats. For a common person everything should be clear. So i expect a healthy discussion. Thanks.
Hi all,
Recently i booked Provident Sunworth appt. i gone through the agreement and found points to be shared with you
1. Kitchen Chimney provision is not mentioned in construction agreement.
2. There is no clear mentioning of maintenance by Provident after Phase1 is delivered in the construction agreement.As per Sales guys i heard that Provident is going to take care maintenance for 3(I.e till 2019) years after possession in phase1. Legal team in provident informed it will maintain only for 1 year after possession. so there is uncertainty
3. Also pls. check your agreements as i got shock after seeing 10K as booking amount instead of 1lac mentioned in sale agreement page no. 6, which they got corrected once i approached them.
4. Also i feel sales people in provident are not informing on vrushbavathi valley adjacent to their property. i had been there last week and saw the property all around and felt there is bad smell emanating from valley. i am concerned about ground water pollution due to this.
Reponse’s pls.
3.
1. there is no kitchen chimney provision, u need to extend the chimney outlet pipe yourself to via the utility area.
2. Amount collected with either be deposited to the corpus fund for maintenance or provident will take care of the maintenance. there is a standard rule applied for maintenance cost. i dont think there is an option to cheat us here.
3. it might be an error in the agreement, considering the overall cost is indicated it could be a typo for you.
4. i have visited and if you are not booking on the right side block u should be fine, except the right side block all other blocks are atleast 300 feet away from the river. also government has some plans to remediate it in the next 2 years. i can only get the smell when i am very near 25 feet to the river. otherwise if i move 200 feet i hardly get the smell.
there is good ground water level in this stretch and cauvery water is available in most of the areas.
also there will be STP unit in the project.
Hi All,
I’d be booking an apartment at Sunworth next week. Could anyone who has booked a flat here let me know how long did it take for you to get the agreement for sale/construction? I was informed by the sales team that I’ll get the same in 7-10 days. I need this urgently as I would be applying for a home loan. Your replies are highly appreciated. Thanks
what is the urgency for the loan, you will get sufficient time to get the loan once you pay advance amount and the agreement amount.
loan can be availed once construction starts.
u should get the agreement immediately in 1-2 days after you pay 20% amount
What is further paymentt schedue?. As per agreement, land payment is time based (next installamnet is after 90 days of agreement) whereas construction agreement is stage wise. Has anybody made land payment?
All,
There were lots of questions about the nala and smell from the nala, i have personally visited the location and went to the back side to check it myself. there is a gap of around 100 feet from the nala and the compound wall of the provident sunworth backside. amenities are planned immediately after the compound wall for almost 150 to 200 feet. i could see little smell when i went very near to the nala. otherwise when the apartments are 300 feet away i dont think there will be any smell into the flats. only issue could be for block D in phase 1 which could be around 100 feet away from the nala. otherwise all others units in phase 1 looks good.
i have the photos but unable to publish here since there is no option. if anyone has any suggestion on any portal, i can publish the photos taken. L&T is in full swing in levelling the land for construction from backside of the site.
Hi vk, please forward the photos to my email id harshasagar @ harshasagar.com and I will upload them.
Most of the Time ,i dnot notice the smell,but at time the whole area stinks.One day when i was there it was smelling badly about 200ft away from the nalla.
The smell was very noticble and the air unbreatheable.
I fell like when would i come out of this place and take a fresh breathe of air.
Thanks for sharing the photos. I have uploaded them to the article.
VK please share it with me @ deepas604@gmail.com how is A block 2nd phase?
hello deepa, photos are published above in the block.
wing D and wing F in phase 1 (block 6) will be around 150 feet from the nala.
H in block 6 and A in block 7 are atleast 300 feet from nala as per the plan.
Hi All,
I am planning to book an 3 BHK in phase 2 Block E, but concerned about the nalla, any comments?
Hi vk, please forward the photos to my email id sanjuht@gmail.com
I am glad you have highlighted this point. The sales and marketing people continue to refer to this dirty gutter as river. I asked the marketing guy what about the poisonous effluents from industries and sewage which is being dumped here. He was very flippant and told me it is flowing water and so all the problems also would flow away. I persisted and pointed out that toxins can seep into the ground and if the project is dependent on ground water, people should know that many studies have proved that the water is not potable. Villagers, farmers and others in the locality have turned ill. The crop from nearby fields used to yield grey-coloured paddy which was difficult to sell, the milk produced by cows that fed on fodder from here emanated a bad odour and slowly all the people in surrounding areas sold land and went away. Now the same is being re-packaged as a multi-storied project for city-dwellers?? Now the marketing chaps have come up with a new theory. They say the “river” will be diverted by the time the project is completed. Excuse me?? Now real estate developers get to choose the course of rivers? Where is the government? To this, his response was “all necessary permissions” have been obtained. Experts tell me, is this even possible. Should be believe people who speak such lies without a care in the world??
I would suggest you drop off from going ahead on this project. Gutter is 200 feet away from the project and there are many homes living without major concerns. you can look at the gutter next to diamond district. people are living and these units are now selling for crores on resale.
once the area develops, there will be some actions to address this if it is really causing a concern to the people living around.
if you are not confident then just drop from the project. you cant go and buy based on the sales guys inputs.
VK you think because you have invested here, it is good? and other people’s observation is bad or wrong. You looks like promoting this
That is right.. It’s a result of 50-60 years of effluents flow there…. I booked but cancelled as the smell – based on wind – was horrible. How would the builder divert it? All false promises
dear sunworthians…….
i guess project is approved with icici bank and it will be easier to get loan from there….
What is the rate of interest Sir?
Hello! Did the price go up.. for a 2BHK (29L) and 3 BHK (38L)? I saw this on their website.
looks like they have hyped (hiked) prices of units
2bhk 31 lakhs and 3 bhk 38 lakhs.
yes..prices are up…31 for 2 bhk and 38 for 3 bhk
Hi Everyone,
I’d like to know if anyone has copies of the following, since SBI is asking for all this.:
1. No Objection Certificate – State Bank of India format
2. Cost Breakup Letter – State Bank of India format
3. NOC from ICICI Bank
4. SBI Project Approval Letter
If you do have them, pls mail them to me at sharu_blore@yahoo.com
Thanks
Hi,
U can contact CRM/HOME Loan team they have all these documents.
I am planning to book this project.Looking for residencial pupose not for investment with in 2 to 3 yrs time frame.Is it worth and trusted builder where we can spend our money.Kindly advise.
provident is puravankara developers. if you dont trust them u cant trust any other developer in bangalore.
Dear VK,
Looks like you are working employee of Provident and trying to coverup all the stories. Let the people give their honest feedback and buyers can decide on the honest stories rather than cooked up stories.
Hey Raghu,
Not sure what made you to say this. I have booked a unit in 6h block.
Read my posts in the portal before you can make assumptions.
Hi Everyone,
Anyone who opted for bank loan in SBI, let me know which rate of interest you prefered weather fixed or floating?.
As I am in dilemma, please guide me which is better option.
Thanks in advance.
Hi SK,
SBI stopped fixed home loan schemes. I guess only LIC housing finance has fixed home loan schemes.
Thanks
Mahantesh
I have alreday enquired about this..Now only Floating Rate is there.
Whether we should opt for pre-emi or not..?
Any experts suggestions… 🙂
Hi SBI rate of interest is 9.95% upto 25 Lach and Standard Charted is 9.75% upto 25 Lach.
Total processing fee+others is also less in Standard charted.
I applied for Standard charted.Good services.
Dont go for Stanchard bank loan, they are fraud
L&T is the builder for the Sunworth project…By the way the Bhomi pooja happened well…!
Thanks for the update Anil! By the way we need to have a FB or google group if not yet done as indicated by Hondessey below.
Meanwhile no one has shared me the reports yet 🙁
Hi AG, can you pls forward me the scanned copies of report. Planning on taking a loan from SBI. Thanks!
Hello Sharu,
plz provide ur email id.
Hi AG,
Please send me the scanned copy of legal reports to Maguirdentalcare@gmail.com
Hi AG,
Can you plaese forward the same to yashotra@rediffmail.com
Please forward the same to pravinkumr@gmail.com also..
Hi AG,
Thank you for responding. My email id is sharu_blore@yahoo.com
Pls mail me the scanned copies so I can apply for SBI loan.
Thanks in advance.
Hi, is there a FB account for Provident Sunworth ..?
Hello fellow Sunworthians….booked a flat 10 days back. But havent heard anything from the builder…like not even a mail about the confirmation of booking. Is it normal? if yes, then how much did you guys wait till the agreement landed on your door step?
dont worry. everything will come through. it will take 20-30 days. it is normal.
what is your cost breakup of the booking.
I got it in 20 days with a demand of agreement amount to be deposited in next 10 days.
You can always call their number 080 4400 4400 for any kind of query.
The helpdesk will connect you to their CRM department and they will let you know the current status.
look into Facebook group : “Provident Sunworth Purchasers”
Link : https://www.facebook.com/groups/474391845966773/
Hi Friends,
Tomorrow, 11th April 2013 is the Bhomi Pooja of Provident Sunworth. All are invited for the same at 11:00am …….thanks
Is there a Google or FB group for those who have already booked/purchased?
So far noone has taken interest in creating the group on google or Fb..I will create it tomorrow and share the link with you.
I think this will be a good platform to discuss along with harshasagar which could benefit all of us.Queries ,doubts,ideas,practical situations..can be shared.
Offcourse it will not be of much use who are buying the property for PURE investment but for first home buyers it make sense to have a group.
BTW i am a first home purchaser and have lots of hope and dreams with the house:)
created group on face book named “Provident Sunworth Purchasers”
Link is :
https://www.facebook.com/groups/474391845966773/
Please if you feel so.
Hi All,
Plz clarify..whether the ’75k for maintainance charges’ thats mentioned in the document is for Two years or Three years after completion of project…
i dont believe anyone would have bothered about it.
happy to know that people dont bother abt maintainance charges… and ppl are ready to pay any cost for loads of amneties, security, water etc ..
I already asked about this with Sales Team,
According to them its for 2 Years. And there after monthly charges around 2 K seems. But still it will be 2000*6000(Around 6K flats)= 60,00,000 Lakh per month 🙁
Looks high for 1 month maintainance.
all guess , reality may be different after 3 years
As Per my discussion with the sales guy maintenance charges are going to be 3 RS/sqft . Provident will be looking after the maintenance for 2.6 years .
Which block/s have they opened up for sale recently ? TIA.
Hi All,
I have following concerns on this project please share ur views:
1. There are so much amenities committed in broacher’s, Video shows,pamplates and in provident official websites But only very few is mentioned in Sale and Construction agreement. Whether lot of amenities only sales tricks ?
2. Provident is assisting for Home loans .Whether they charging anything extra, as per them its free of service. But still whether any hidden charges are there ? Whether it’s better to approach the bank individually or give all the doc’s to provident home loan team?
3. As all you know agreements are one sided can we do anything?
4. Already price is hiked 4 times now base price itself 29 Lakh. Any progress in consurction or they were just collecting money from us 🙁
Please free to comment..
Total number of respondents : 344
Yes 40.7% (140 votes)
No 25% (86 votes)
Not Sure 34.3% (118 votes)
40% believe this is a good investment.
Can people provide their thoughts why there is a 35% not sure response and 25% say not a good investment ?
From my perspective following are the key points positive and not positive.
Positive:
1. Location is just 1 km from the main mysore road.
2. massive project with multiple amenities.
3. no water issue, water is available in 300 feet, also Kavery connections already avaialble in kengeri.
4. metro station will be 3 kms away from this place. Properties 5kms in and around metro have had good demand. Places like indira nagar, kanakapura road, old madras road,tumkur road…..
5. are is still not explored well. only developers have started to come on the mysore road now due to the metro. there is a potential for good appreciation at the time of completion.
negative;
1. apartment unit sizes are small and overall apartment is also small.
2. no major IT companies and schools yet in this area except the global village 7 kms away. so there is less IT crowd. blue collar jobs cannot pay high rent or buying for self. so potential appreciation could be less.
3. huge project and expect to have huge delays for completion.
4. not on main road, 1 km inside. so people have to use auto etc from main road once they get out of the bus.
5. although 19 mks from city. it is far from all other major work locations.
IS there any progress on the project. I have paid the first cheque of 1 lakh on jan 5th and the agreement amount on march 15. total around 7.05 lakhs so far.
3 months into the project and i have not visited the site after my first visit in jan.
have anyone gone recently. is there any progress apart from the road laid in the entrance.
Have they cleaned the complete place and have they started any work?
looks like they are looking at a minimum booking number to commence , during the last check point they said around 800 units sold.
i believe they will start the work in june/july.
anyone visited and any thoughts
Has anyone got the legal opinion on the documents?
do we really suspect to have legal issues on a BDA project?
Now, days are like that. We can not trust anything if it is either BDA or BBMP project.
It has always been the case and will always be the case, when going for property check all the documents.
I met SBi Loan manager last week.She gave me the Valuation and Legal title investigation and search report submitted by anohter purchaser of Sunworth thorough SBI empannelled Advocate.The project is approved from SBI side.She asked me to have a supplementary report form the advocate to attach with the loan application.I have the scanned copy of reports.If you need those please let me know.
Hi AG, I am also planing to take the loan from SBI. Could you please send me the scan copy in my email id.
Thanks.
please provide me your email id.I am unable to find it on this website.
i have paid aggrement amount on 24 march planning to apply loan in sbi can any help me with regards to it
Thanks AG,
I got the scanned copy.
Hi,
I have bought an apt on 10th Flr in 8B, Please send me a copy of the reports to yashotra@rediffmail.com
I paid the 20% agreement stage amount and looking for a home Loan for about 25 Lacs (coz most banks have a lower slab till 25 Lacs). Upon my research, here are the loan rates for 25 Lacs:
Punjab National Bank – 10.50%
State bank of Mysore – 10.40%
LIC varies from 10.25% to 11.80% depending on various schemes
Can someone tell me what is the rate of interest offered by SBI for 25 Lacs loan. Whether SBI has approved this project for loans?
Thanks in Advance!!
HT,
SBI rate of interest is 9.95 reducing. Provident Sunworth is approved by SBI
Heard that Standard Chartered is offering 9.75% interest.
Also we need to explore the rebate announced in 2013 union budget for 1st time loan buyers for below 25 Lakhs. I just visited the site today & am planning to buy 1 flat. My main concern is about water supply – they say that boring water is available & Cauvery water is expected by possession & we need to pay separately for this.. Anyone can throw some more light on this..
SBI ROI is 9.95 .I prefer Maxgain scheme.
SBI is better than private players as they use to implement reduced ROI as and when announced by Government promptly.Also there ar no hidden charges.Now the processing time has also reduced BUT yes the documentation is more.But its worth.
Hi HI,
Could you provide the breakup of the cost for your booking.
mine was 2732 X 1082
basement car park – 125000 additional
floor rise 60 rupees x 1082 for seventh floor
100 rupees x 1083 for super premium facing.
all additional costs as per the broucher
Hi AJ,
I am planning to take the loan from SBI. Could you pls forward me the copy to my mail id rajmenons@gmail.com.
Thanks / Rajesh.
Hi AG,
Please email the scan doc to me on djmca05@yahoo.com.
Hi AG, I am also planing to take the loan from SBI.
Please do send me the doc to my email id: sharankumarsp04@gmail.com.
Please let me know the process we need to do, as I am waiting for signed agreements form builder.
Thanks in advance.
Hi AG,
Could you please send the scanned copy to my e-mail id : deepuprasad2001@yahoo.com
Hi AG
Thank you for the information. Can you please send me the documents to ushrao100@hotmail.com and also the name and contsct details of the advocate.
In anticipation
Regards
Usha
Hi Aj,
Please send the scan copy to my email-id amarendra.mund@gmail.com.
Send the copy to all emails who requested. BUT noone replied with Thanks.
All are seems to be investors.See the profit only.JK:)
I reside near to Sunworth and keeping an eye on daily basis.Unfortunately they have not started any kind of work.Except working with old drilled borewells and Dummy Model flat houses.
They are just collecting the amounts from so booked and gone agrements puchaser.
For 2 BHK arount 6 Laksh and for 3BHK 7 Lakhs..they are collection ..BUT no progress on grounds………have to put some pressure through phone calls on them.
By the way they asked us to pay the agrrement amount in 10 days which was not much comfortable.They are seeking money but not doing much on grounds….plz reply if u see such symptoms
Hi AG,
Greetings!
Please help me to send scanned documents to navinpahuja@gmail.com.
Thanks in Advance.
rgds,
Navin
L&T will start with pre-fabricated stuff, construction once commence should complete in 18 months
They are using pre-fabricated technology BUT to what extend , it is not clear.Walls small platforms for 12 floor are Ok.Dont know much how are they leveraging the benefits of technology.It should reduce time But the things on which pre-fab tech can not be used could delay the things.
Hi AG,
Can you please send me the canned documents as well.Will be availing loan from SBI.
Email Id: vvhegde@rediffmail.com
Hi AG,
I’d be applying for loan at SBI. Please send the scanned copies to irfan.advani88@gmail.com. Thanks in advance 🙂
Hi AG,
Thanks a lot for documents, it really helped me!!!
When I asked about progress on ground, they replied like it will start by next month.
Hi AG,
Can you please send me the scanned documents to maguirdentalcare@gmail.com.
Thanks in Advance.
Hi AG
Thank you for sending the documen ts
Usha
Hi, could you please forward the reports to yashotra@rediffmail.com
Thanks in Advance!!
Thanks a lot AG.
Hi Mr.AG plz send a copy to my email id sajani_daniel@rediffmail.com
can u provide a copy to my id kuppuswv@yahoo.com?
Thanks in advance.
hi AG,
I have also booked a flat in provident sunworth.
Planning to go for SBI hoam loan.
Can you please send the scan copy of the legal opinion to my email id arunkumar.srinivasa@gmail.com
please send me the scanned copies as i too wish to avail the loan from sbi.
thanks and regards
Could you also please send a copy of the docs to me at hondesseyATyahooDOTcom? TIA.
Hi AG;
Can you please mail me the documents. My mail id krishnakp25@gmail.com.
Thank you in advance.
Warm Regards
Krishna
Hi AG,
I am planning to take loan from SBI.
Could you please send me the scan copy to amarendra.mund@gmail.com ?
Thanks in Advance !!!
Hi AG,
Could you please forward the scanned copy to my email drsandeshn@yahoo.co.in
Thanx in advance..
Sandy
Would appreciate if you can share the docs. Thanks, RB
Hi AG,
I am planning to take loan from SBI.Please send me the scanned copy to mund.amarendra@gmail.com.
Thanks in Advance and Appreciated your help !!!
Dear AG,
I am planning to take loan from SBI.Please send me the scanned copy to skjena2@gmail.com.
Thanks
If anyone else need the docs please mail me at gangamit@gmail.com.
Hello Amit,
Recently booked an apartment in Provident. Could you please send me the scanned documents @ titil30@gmail.com
Thanks
Mukherjee
can u please send me the scanned copies at ayan.cvrce@gmail.com
Hi AG.
I am also planing to take loan from SBI. Can you please forward the same to my ID. My ID is reni2705@gmail.com. u can also send CC to vsajesh26@gmail.com.
Thanks,
RS
Hi AG,
I have booked a flat in 2nd phase in provident sunworth.
Planning to go for SBI hoam loan.
Can you please send the scan copy of the legal opinion to my email id deepakmk001@gmail.com
Hi friends,
Has anybody paid the agreement amount yet? I am planning to go on this Saturday.
Hi Akhil, I have submitted last week.
ok!
Pay it blindly..not so much in favor of purchaser..just think u r buying some item which u can sale after 3 years with more value…….
i do agree considering the builder is reputed and any monkey business will spoil the reputation considering this is a 6000 unit project
1000 psqft land cost (max)… 350 UDS means for 2BHK landcost is 350000
1000 psqft construction cost (max) ………………………..construction cost 800000
total cost 1150000. You think it is cheap?
Now people shouldnot try to argue that construction cost is high now days. It is high if you construct individually but for these big builders directly purchasing bulk material it is 30-40% lesser.
So now you can imagine how much fortune builders are making and people is saying it is cheap!
If calculated this way, no product (let alone real estate) cost can be justified.
Calculate the cost of any project which is completed and resale of apts is happening, the market cost of apt will be much higher than this calculation.
Agreed Saurabh. Here some people are thinking in far off place also the land rates are same as in the city and they get the impression that if in city price is 4000psft then 3000 psft in far off area is cheap deal. But they forget to understand that the land price is no more than few hundred rpsft.
paid yesterday.
Paid last week.
I have also paid last week.
Hi, I dont think water availablity should be a major concern in mysore road.. had stayed in viajynagar for 8 years.. but now i m staying in sarjapur road near wipro..n my god!! here borewells are drying out everyday… many big appartments in this area are having water thro’ water tankers regularly (upto 40 tankers a day) and 25 lts drinking water bottles sell like hot cakes.. but still many projects are being launched here and people r happy to buy.. this is real.. presently borewell of 1100ft is giving very less water in KPC layout, sarjapur road.. so imagine for 4-5 years from now..
So,with sunworth, only quality of water should be seen.. which i think, they will definitely provide..
Regarding agreement, most of builders have the same formats – almost builder sided but never two sided… have not heard any builder giving authority and full ownership to purchasers.
Many builders have many problems like land encroachment, land conversion etc..and they dont let u know till possession.. but here atleast this is a BDA approved project..for BDA approval some land for civic ameneties has to be given..
Where is the nalla or gutter mentioned in so many posts?
Hi,
Same concerns on with the agreement, hence have sent a cancellation note.
Does anyone know what are cancellation terms and penalty if there is any?
thanks,
you will not be able to buy any project in bangalore if we are too particular on terms and conditions.
builder can screw anytime if they wish to irrespective of what is in the agreement.
I think 25k is the penalty as I am also going to cancel the booking.
Hi GP,
Any specific reason for the cancellation?
According to sun worth 200+ agreements have been executed till date.
Lot of apartments are vacant and people who got are not able to sell as no one is ready to buy. Purva Highlands is giving for 2600/- per sqft. Also not sure whether sunworth is really sold out or just for hype the sales guys are telling.
4000/- sqft incl registration is expensive in this location.
Did you book apartment at sunworth Akhil?
Yes, I have booked one after considering the future perspectives. Conditions may change but need to wait for 2-3 years. Once we have some development in that area should be beneficial but we can’t think for resale at this moment.
GP,
This is a BDA approved project. BDA approved land cost in this area is around 2200 rupees.
Construction cost is around 1400 rupees.
even local builders around this area are charging 3200 rupees excluding registration and limited amenities.
considering city expanding and metro project nearby in kengeri and many planned industries scheduled to come-up i think this project will have its positive sides.
I have booked at prelaunch price 2732 + 100 super premium + 60 for 7 th floor rise cost + 125000 for basement car park charges.
I am confident once metro comes to kengeri, these locations demand higher price.
Purva Highland for 2600? are you kidding?
2600 I am not sure. But I have also received calls for investor’s flat for 2900/3000 rs per sq ft. And It is really good buy. Purva is selling for 3490 psft. And I am sure that anyone can buy for 3000 psqft in highlands. very easy to get. Reason is purva tried to sell this project at very high rates in past (like they are doing for sunworth)… now out of 1600 flats in highland i dont think more than 600 booked (even after 7 years) so they are using all this tactics to sell.
Purva Highland is a classic case on how to look at basics before buying property based on brands only
7 years after launch there is a price depreciation because of remote location , water problem , no accessibility etc. Not sure about what will be fate of other major projects in the vicinity. Except the planned metro connectivity there is no other development to look upon to in Kanakpura Road.
Lets see if we are looking at a price bubble here/
Propmart is a Purva company offering at 2990/sqft
Guys can you please give phone number of persons who is selling purva highland at 3000/- psft.
Thx
Propmart is selling Purva Highland @ 3190/ sqft. as Investors Quota. Builder Puravankara is selling (not able to sell) @ 4250/ sqft.
For Information again, Propmart is a Purva company.
San
GP,
Please provide the details of the one selling Purva Highland for 2600.
There will be many in this group (including me) who are ready to buy @ that price.
you can buy ready to move in flat @3000 psqft in purva highland. Its very true. you need to follow them.
There are lot of other problems with purva highland… like very noisy nights due to nice road.. no connectivity… plus no tenants to rent out the flats due to location…. those who bought the flats are struggling to sell or rent…
There is no problem of connectivity to purva highland. It is max 2 KM from inside from main road. And also purva has constructed 50 feet second road to the project. Also you are getting ready to move in flat at 3000psft. Yeah I agree of the noise factor. But sunworth has pollution factor because of nallah and also it is 1.5-2km inside from main road. And also it is like 10years plan so you can imagine the dust coming in your home for next few years.
hi. i recently booked a 3bhk in sunworth and i feel its a good investment. its just 200 mtrs from main rd, very near to nice road and metro st. is also not that far….apart from that, the previous project of provident-welworth city was also a city township project with aroudn 3350 flats in it. whatever they promised have been put…i also booked on flat there and possession is in a week…
sunworth is very near to medical college, global village, mba college etc. and area already is developed…..considering the cost, the amenities are very good and prices will surely increase in future….
Received the agreement last week and read it completely. Below are pain areas:
1. Almost 90% is one-sided
2. Apt owners cannot object for future construction in any part of land – which means amenities are not permanent in Sunworth
3. Apt owners cannot object if Provident sells this to 3rd party
4. No mention of 24 hours ground water supply (borewell) which was promised by sales guy during booking
5. No mention of individual overhead water tanks as promised by sales guy during booking
6. Delays in payment by apt owners will mean heavy interest charged
7. Delays in project completion by builder for reasons OTHER THAN A LIST MENTIONED IN THE AGREEMENT (that includes act of God) will mean builder will provide Rs.2,500 per month – imagine value of Rs.2,500 after 3 years. It will be about 50% of the monthly maintenance fees.
8. Lot of land is relinquished to BDA (open space, which means general public can also use such areas).
9. It also covers a point that says all oral and written commitments made other than this agreement does not stand.
10. I am not sure of other builder’s agreements but I felt Provident says “We can screw your happiness anytime but you are not entitled to screw us back”
Hi Sanj,
I have enquired few pts what you mentioned.
1st pt: Only 1 things is in over favour like the price of the building till 3yrs.
2nd pt: They said like the civic amenities i.e 2acres and odd as mentioned in sale agreement are left as per govt rule.
The construction can be done here like hospitals, schools etc as per govt approval so this area is apart from the civic amenities which they mentioned in construction agreement.
3rd pt: If we make any delay in payments more than 2 months, they have the ownership to sell it.
4th pt: They said like they are using the existing borewells which it was used for agriculture land and quality of water will be done before completion certificate but dint enquire about 24hr ground water supply.
Even I dont know about other builders agreement.
Better you too enquire it and let us know the outcome.
Thanks in advance.
Iam not sure which builder will commit on everything stated above. I have not seen any agreement where the level of detail expected above are covered.
BDA kauvery connections are already available in kengeri. considering this is a BDA approved layout and connection lines are not too far, i would expect kauvery water to be available by the time the project is ready for possession.
also this area is agriculture land and i would expect good water source at 300 feet.
iam not sure if this is a concern at all.
Even if builder puts some of this in agreement, if they really want to screw or cheat they have many ways to do so.
If we cant trust the top builders in india then we need to study civil engineering and build homes ourselves.
One query : As per the agreement we need to pay the specified amount within 10 days which is including vat and taxes. Is this vat and tax is part of the total vat and tax which was mentioned earlier in price breakup list OR every time we will be paying it with each installment and it will exceeds the aptmt basic price now compare to old basic price?
Hi Akhil,
In your price list, please check the 5th point in terms and conditions, which says like the vat and service tax are collected for each installment amount and its a part of total vat and tax as mentioned in price breakup, such that you need not to pay at the time of possession.
thx sk.
It is mandatory as part of any BDA approved project to leave land space to BDA. i dont think provident have a choice.
How much is the interest on late payment?
My sales and cc agreements are going to reach to me by tomorrow.Will check these points.
I think the content of agreement documents will be same for all purchaser of Sunworth ?
people should go for ready to move in property. Purva will see the fate of sunworth like Purva highland. Later they will sell it on lesser rates. People should hold on for some more time. Already bangalore real state price are cheap as compared to other metros. It is set to become cheaper due to oversupply and high rates now.
Hi Rajesh, I enquired and got reply stating – the project will have three water treatment plant.. the raw water will be treated in these treatment plant comprising of multimedia filter, softner and a chlorine doser..however actual treatment would be finalized after getting sample tested. The provident office confirmed orally that quality check for potable water is a must before getting completion certificate for the project..
It would b good, if all follow-up this matter with provident.
Hi Sandy, Even I got the same reply and said that they cant mention in agreement.
Hi, I have booked an apartment in 6F. Sale/Construction docs last week..As Sandy mentioned not specified about the water resource. Need to confirm about this with provident guys. Request all to do the same.
Hi, read the sale and constrution doc.. couldn’t find any comment on ” provision of safe drinking water’ – water quality checks??
has anyone enquired the same with provident housing???
hope you guys know its possession date is in Dec2014 .. almost 3yrs
2014?
Hi Everyone,
Finally, I have received the sale and construction agreement copies.
Did anyone received the same?.
I am not getting of undivided share, can anyone explain me in detail.(As they mentioned its approximately measures 303.65sq. ft. Is it individual share or its share of all 12+ ground floor owners).
Thanks in advance.
Thanks,
Sharan
It is UDS for you.
Hi,
What is this UDS means.. and how 303.65sq. is arraived..?
Please suggest because I already booked flat here..
It should be individual share
Hi,
How this 303.65sq. is arrived? Whther u booked 3 BHK or 2 BHK flat?
Whether common areas will be under developer name or its equally devided into buyers ?
Hi,
UDS = Individual Apartment’s super built-up area / Sum of all Apartments’ super built-up area X Total Land Area.
Can anyone please check whats the Sum of all Apartments’ super built-up and Total Land Area values with Provident..?
Thanks
Not so clear….how does that effect the Sales aggreement and finally to flat owner
If you can mention the total plot area and your saleabe area, i can expain in detail in a layman’s language
Even I am not clear with this.
As per construction agreement:
Total area: 883 sq ft(2 BHK)
build up area: 730 sq ft
As per sales agreement:
UDS: 303.65 sq ft.
Don’t know about plot area.
Thanks in advance
Hi,
Can anyone please check whats the Sum of all Apartments’ super built-up and Total Land Area values with Provident..?
It will be there in legal documents..Can any body confirm so that we calculate UDS.
Hi, I discussed with provident housing about UDS and got reply that its individual share.
Hi vk,
Good to hear that sunworth has started dispatching the agreements. I will definitely discuss on this as soon as I receive my agreement copy.
Meanwhile one help required from you. Have they mentioned anywhere in the agreement that we cann’t sale the apartment till possession or anything similar to this?
akhil.
Hi,
Ya while booking 1 lakh its mentioned in Terms and Condition form as we can transfer the ownership by paying some 4% on total value..Not sure on sale ..
Can u please check below things :
1.How UDS is arrived..?
2.Whether Open Space will be there in Builder name or its incuded in UDS..?
3.In some of the documments they are not mentioned about amenties they are provideing…As so many amenties commited thats why ppl are booking althogh its far.
4.Whats the exact maintance cost as i am receiving different answers from sales team. Because if 1000 Rs maintanace also 1000*6000(Nearly 6K) so = 60,00,000 lakh monthly whether its not enough for per month..?
Thanks
Planning to visit there office and will discuss these points face to face over there. Hope everything will be clear.
There is a transfer FEE that need to be paid to sunworth if you want to sell the apartment.
my intention of booking this apartment is investment so sell after 3 years once it is ready for possession.
prices are likely to get influenced once kengeri metro comes up and also few other large apartment complexes comesup around this area.
gopalan sanskriti has just announced the prelaunch