Pashmina Brookwoods
Pashmina Group will soon pre-launch their new project to be called as Pashmina Brook Woods located at Budigere Road. The project coming up approximately 3 km from Prestige Tranquility will offer about 1500 apartments in 1 & 2 BHK configurations. The project will span about 10 acres. Further details are awaited.
Update: 9th Feb. Bookings are now open.
Pashmina Brookwoods Options
- 1 BHK
- 2 BHK
Pashmina Brookwoods Location
Off. Budigere Road, about 3 km from Prestige Tranquility
Pashmina Brookwoods Price
The apartments will be released in 4 lots, and will cost in an affordable range of 15 to 25 lacs. Pre-launch pricing is Rs. 2780/- per sft
Booking amount is 1 / 2 lacs for 1 BHK and 2 BHK respectively. From sources, the project is available also with a no pre-emi scheme.
Update: 9th Feb 2013
Pashmina Brookwoods Concerns
- The BBMP dumpyard at Mandur is definitely a concern, however based on the news articles the Mandur dumpyard may close down this year. The villagers have set a new deadline of Feb 15th whereas BBMP has requested that that dumping must go on for another three months.
- As per sources – about 80% of the apartments would be 1 BHK only, not everybody would prefer a 1BHK, there could have been a better mix of options similar to Prestige Tranquility
- Source of water and water quality check is a must considering the proximity to the dump yard
Pashmina Brookwoods Investment Plus Points
- Budigere Road is slowly seeing more and more construction activity, Prestige Group itself has two projects Tranquility & Glenwood, Brigade Exotica is also under construction at Budigere Cross. Further down the road toward Budigere Village KIADB has completed the formation of the Aero & IT SEZ
- Considering the fact the car parks are optional, a 1 BHK is available at an all inclusive cost of less than 2o lacs. May be an opportunity to own a small house with a decent set of amenities at a low budget
- BMTC has also introduced a new Volvo service V316 G to Budigere Road
Everyone plz dont belive on positive comment as i know these all are paid comment. We all have been strugling badly to getting out of this fake project. Once they get your money they wont respond. Since 2012 they started their construction and now its became like Dumpyard
Anyone know of a good lawyer who can help retrieve refund from Pashmina developers?
Even I want refund. Pashmina is not helping
hi,
After seeing there grand opening and without any second thought i booked a flat and paid 1lakh and flet that i am one of the luckiest peron who invested in bangalore and dreaming of not paying anything untill its got finished (no pre-emi scheme).
The next day I want to see my future house surroundings and while exploring the site found sorry discovered the dump yard and got stunned. Oh my god this is what i have to see everyday after i bought this house.
I try to beg my money back I don’t want any house in dump yard and finally they showed mercy to me and gave back 75000.
I dont know how many cancelled with in one year. if it is 200. total 200*25000=50,00,000 laks.
moral : the moment your money is in others hand its in not yours.
@ Rajasekhar: I did the same mistake and paid 51K w/ SquareYards as the middle man and now SquareYards and Pashmina are both not returning my money. Any particular person @ Pashmina I should reach out to?
This is one of the worst builder i had tried to deal with. I unknowingly booked a 2BHK flat and had paid the initial booking amount this project.
I had booked during the first pre-launch phase and they had told they will complete the project by 2017 December .
They had even told that there was no PRE-EMI for first two years and they would pay the same to the Bankers.
Later after discussing with few people around the area i came to realize that this project is close to a dump yard and is fit for nothing its a sham paying big amount. I immediately decided to cancel the booking and request for a refund.
There customer service team is hellish… Vishal , Deepa, all behaved horribly didn’t even bother to respond to mails . Finally i got response from PRIYA about the refund. She acted as if she was doing it as a favor for me. They took a hell lot of time for refund stating if i needed it immediately i should be ready to forgo 10% of the booking amount. So i waited and after a long wait of 2 months.. Got the amount from them in person and told them after encashing the cheque that i cancelled the project because of i had come to know that they were cheating ppl.
@ SCD. Do you have Priya’s contact. I am trying to get my refund back and it’s been 2 months. I booked via SquareYards as the middle man who respond but keep telling me they are working w/ builder on refund.
pashmina Builders really a awesome builder. I am not a client of builder but one of my friend purchased flat from them. The construction quality was superb. The floor plan , the parking area, the carpet area all the things this builder made was watchable. And also provide many amenities to my friend which was for being a part of pashmina Developers
I have been going through the reviews and am pretty much amused with the comments. There are reasons to be anguished but you cannot hold pashmina fully responsible for the same. There have been delays, but that should not be the only reason to be disappointed with them, unless few readers have bought their properties from them when the market was at its peak. Just to put things in perspective, the integrity of pashmina as a group and that of its management should not be questioned. They are committed to delivering promises and hats off to them for pulling through in these turbulent times.
Real entertainment indeed. ” sharath kumar”, ” Harish kumar” et al use the same words—check the comments in October 2016. Now Harsih is saying this builder is great. Really ” turbulent times” gentlemen. Every builder wants to be great like Lodha of Mumbai but they have to work sincerely and win the trust of customers to be called great.
I was looking for ready to occupy considering waterfront it would be completing by june.. 6th months should be fine.
I has booked a flat with waterfront. When i went for visit to their office they clear all my quires about land documents. Later i checked with my lawyer also. So their is no any clue of cheating people. This builder is very good in their business
i have been going through comments and the reviews are mixed. But i have no negative comments for Pashmina, they have served me well. I have been paying the amount through EMI and they have delivered the flat on time.
Hi guys,You want to buy a flat with good quality and you should go to the pashmina developers. They are taking the amount from the customers and providing them flats with good quality and construction The registration process is also done.
Previously being observing that the customer team is turning out to be prompt in replying my queries, also construction is moving , looks like they are achieving the target. I have received E mail that the project construction is starting in August 2016, I suggest we give them this chance also, was discussing with their internal team, understand they are serious of starting , as their other project is almost on track, they are {paying attention to this.
I already Booked a flat in Bangalore and frankly saying that am feeling good to being as a customer of Pashmina Developers
Great Harish, Atleast we got a first happy customer. As all others have been cribbing on the 2-3 years of delay & remote risky location. wish you all the best
I am planning to sale my 1 bhk (664 sq feet) in Prestige Tranquility.
It’s a corner flat with North-east face which is ready to handover.
Living room balcony and bedroom window is towards the east, resulting in direct morning sunlight.
Flat have a villa views and lavish big green garden.
If any one interested, can contact me.
Can work out on a decent price if someone can close the deal quickly.
Anybody can mail me on
Very lackluster approach to the overall development. The property is not just seeing any developments for the last 3 years. The developer says they don’t have money to complete the project while all money is been released by the bank for all houses sold. Very clearly the money collected is invested in other property development while balance is been taken out by someone.
For the similar reasons Supertech builder was asked to pay back to customers by Supreme court or face the wrath of Law. more details in the below article. Its high time they need to honour the agreements.
http://economictimes.indiatimes.com/wealth/real-estate/sink-or-die-investors-need-to-be-paid-back-sc-to-supertech/articleshow/54034951.cms
Worst builder, lost all my hard earned money. Almost no construction has been done till date. Please avoid this property at all cost
The comments posted by some very disrespectful, I spoke to their management they have assured that they will deliver a quality product at the end of the day
It’s a Big farce with a Big name & also Big personality endorsing this project while launching it….
Been three years but not a stone has moved in this graveyard property, we 700+ clients have got stuck with our investments in Pashmina Brookewooda with no hopes of work resuming from the builder
We appeal to the lawmakers to BAIL OUT the customers from such builders!!
Finally the chairman has replied,I also happen to know a senior person in the organization, I was discussing with him in a personal note, it is understood that they are hit by payouts not been payed by their water front customers about 12 crores, they have stream lined water front project and they are concentrating on brook woods
Total negligence by management. No construction for more than a year, hardly 10% done.. Please do not invest https://www.change.org/p/compensation-for-affected-buyers-pashminabrookwoods-defaulting-builder
Do not invest in this property. We have invested in this property 2 yrs back and still no construction. The Pashmina management won’t even reply to your queries. They just keep promishing everything.No promises will be fulfilled ever.They are the worst developers.Don’t get attracted by their referral scheme as well.They won’t give you the referral amount ever.You will simply lose your money if you invest in this property.We are struggling after investing in this property.They are just cheaters.
I have received E mail that the project construction is starting in DEC 2016, I suggest we give them this chance also, was discussing with their internal team, understand they are serious of starting , as their other project is almost on track, they are concentrating on this.
I have been going through the reviews and am pretty much amused with the comments. There are reasons to be anguished but you cannot hold pashmina fully responsible for the same. There have been delays, but that should not be the only reason to be disappointed with them, unless few readers have bought their properties from them when the market was at its peak.
Just to put things in perspective, the integrity of pashmina as a group and that of its management should not be questioned. They are committed to delivering promises and hats off to them for pulling through in these turbulent times.
I have credible information that Pashmina diverted money from this project to funds other projects. Doesn’t it amount to cheating? They went unpunished because there are no laws in India to protect consumers. It is shame that people are still making comments in support of this builder after all this. The builder has colluded with banks to get money released without any linkage to construction progress. Both the banks and builder should be jailed for this fraud.
I have mistakenly bought an apartment at pashmina brookwoods and the staff the owners and everyone associated are not helpful and they just suck. Please please please please do not get one in this project else your life will be hell dealing with these people. Specially VISHAL,PRIYA,DEEPA and their management guys are not responding.
I request please NOT to BUY an APARTMENT in this project.
Hi Deepak,
We have created a group of people who went through what you are going through connect with me at . We can help you resolve your problem. We are on facebook also but the group is locked and i am the admin you can send me a request there also with your details of booked unit number, name, ph number and i will let you in.
Its one of the junkest project I ever came through. Even if some one give in throwaway price then also I will not accept it. Its just like a living near hell………
Just refrain from buying property as second investment..the market is going to crash.
recent change in governmnet in haryana is going to open lots of worms..this is going to impact the entire real estate market.
everyone will be hiding now..just wait and watch..There are not good builder in this world..
Sounds like dooms day is coming. Thanks for enlightening us !!
Pashmina still had an offer going this weekend – saying no Pre-EMI for 2 years with 20% upfront payment. But they are quoting Rs3500/- when commonfloor already has resale listings for Rs3100 – Also Mandur Dumpyard is less than 2km from this place and dumping hasn’t stopped. construction hasn’t started – its still launching phase but going by Post this was pre-launch quite a while before.. Don;t now why so hype. Mostly people i met were here for second property purchase.. Bigger thing delay grace period is 1 year (I wuld see that as risk – 6 months is normal as seen with other builders.)
Hi All,
Seems there are many activities are going on with Pashmina Brookwoods, they have opened new bookings and constructions is starting, all approvals done, dump yard seems to be close from December…Womdering is this the god time to book for an apartment?
Could you please provide some insights?
Dump yard may close from December but some 40 lakh tons of garbage that is already dumped there is not going to be cleaned in the next few decades. You will be risking your and your families health living near the garbage. Take a wise decision and live healthy.
I have already done all the formalities and loan also has been disbursed, BUILDER IS NOT YET FINALIZED & NOW THEY WONT BE ABLE TO DELIVER IN 2016 as they are not using pre-cast technology. Pre-Emi is valid till 3 years i.e 2017 after that as per agreement it will come on to you. What ever time lines or commitment they had given till now they have not been able to fulfill it. I have got stuck in this property so will suggest STRICTLY DONT INVEST TILL THEY START CONSTRUCTION.
I think the builder does not have any money left to construct, i cancelled several months back, but he is unable to return the cancellation amount even. looks like he put this projects money in another project and even that project, he is not getting buyers, BEARE OF THIS PROJECT and the BUILDER – by the way it was never resolved whether it is PASHMINA or SHASWATI realty who is doing this project.
Is the status still the same about this project? You didn’t get back your booking amount?
Did you get the cancellation amount back?
Things have all sorted out and seems good to go with it, i didn’t take refund
Looks like this is the worst place to live in Bangalore
does not makes sense to buy flat here
I want to cancel my two adjoining flats purchased in this property. If someone is interested for transfer of the ownership of two (or one) adjoining flats, please contact me at 9663600755.
Vinay
Pashmina Brookwood is a fraud builder. Nothing is finalized by the builder. There is negligile response from them. I have done the booking 7 months now, nothing is moving.
Brookwood team is horrible, they do not reply to any of your queries.
would strictly recommend not to get into their web.
Worst experience ever.
is that true ?
hi
any idea if we can take legal course here
is this not really run by the builder arm itself pashmina
i booked at pre-launch 1years 8 months back and he even did not start any construction nor does the team answer any email. on phone they will give all promises..frustrated i cancelled few months back and now going to consumer court.
lot of people cancelled early on, and he is not able to sell any of his properties due to mismanagement.
I went in there. From Hoskote it took me 45 mts to reach in there. The place welcomes you with a secluded area with big garbage dumps mountains at the back. This will certainly result in making life living impossible. Currently if you go through the KRPuram road towards hoskote at night, you will see a line of around more than 50 trcks ready to dispose the garbage over there. Also even if the construction is by renowed Hafeez it doesnt make sense to have you home in there if you have office in ITPL Manyata and many other places. This place will take much time period to get developed. Transport is other major concern over in here. Not advisable!
I also planning to sale my apartment. Change of name available. Please contact me
Hi, I am planning to sell my 1bhk flat booked at brookwoods due to personal reasons. If somebody interested, please contact me. I have paid 1lakh towards the booking. Change of name option is available with no additional cost involved.
Hey Prashant…is the apt still available. I would be interested. Which floor is it etc?Kindly contact me on my email .
Apps
My contact # 9742489363. yes it is still available
hi
i am interested , can you please share u r # or email
Hi,
Even I have a 1BHK, that I’m willing to sell, if you anybody is interested please mail me your number at “gauravprakash”dot”08″at”gmail.com…
Hi, Prashant is still the apt available?
How can I contact you to get the details.
My contact # 9742489363. yes it is still available
Hi Guys,
I was attracted with the ads and went there to see the model flat. I have invested in Prestige Tranquility and have seen lot of changes and good ROI in this area in last two years. However Brookwoods is not the kind of property I would like to invest in for following reason:
1) A flat costly or cheap needs to be livable. with its box type kitchen & very small livable area. it is difficult and not practical to live in. If you are looking this just from investment point of view then it would be difficult to sell it at a higher price to someone in future who might think of living or even renting out in these apartments. as its difficult to live in
2) The area is way interior. Right now ample of development is required in the main road itself. which might take 3-5 years. So development at this interior location might start only after 3 years and may take another 3-5 years. Once you move in from the factory area there in nothing for next 2-3 k.m. but green patches of land and suddenly you see the brookwoods.
Budigere cross is filled with Chemical Factory and garbage dump..It doesnt really make a wise investment in the years to come as it would not be safe staying here as air is already polluted with factories around.
Well, this is one of the most promising areas in North-East, with Budigere road widening approvals in place . 5000+ apartments in the near vicinity, already under construction. Volvos have started, Brigade project has office & retail space & there is a lot more that is getting announced soon. There is no issue of pollution or factory.. just a self eye wash for those who have missed investment so far ! Its still not very late, though prices have shot up 30% in last 1 year.
The comment above is for Prestige Tranquility where rates have moved north by ~30% since pre-launch. Prestige now coming up with Glenwood villas is just an endorsement of the location & future potential.
I have no comments for Pashmina Brookwoods except that its little in the interior & personally am not a great fan of 1BHKs ! Even PT converted a lot of 1 BHKs to 2 BR units which i believe is a wise decision. 1BHK/ Studio concept works well in real metros like Mumbai & Delhi. Bangalore’s purchase capability is quite high, given city’s relatively higher ‘income to land cost’ ratios than Mumbai/ Delhi.
I think this is good news !!
Hotel waste disposal on BBMP’s menu http://www.thehindu.com/news/cities/bangalore/hotel-waste-disposal-on-bbmps-menu/article4760362.ece
I am seeing advt for studio now – 300 sqFt – 9.6L
Look like they are not getting buyer for 2bhk
Any google group for brookwoods buyer? Any idea
Hi,
I have created one..
https://groups.google.com/forum/?fromgroups&hl=en#!pendingmember/pashmina-brookwoods/apply
Please register here- https://groups.google.com/forum/#!forum/pashmina-brookwoods
Any idea – how much apartment are already bookded?
500+ for sure. They are closing the booking of Block C.
we might need to understand that many are booking here for investment purpose, and then selling it after possession. Now the point is almost everyone will start selling after possession. So it is like another round of booking, only difference is hands are transfered from builder to investors. And who will be the buyers? We wont get another buyer who is buying for investment purpose. and 1BHK is definitely not a preference for buyers with purpose of living. If only rental is considered, i dont think it can fetch good rental looking at the location from the city.
Ya, I agree most of them are going to sell before taking the posession. If ppl can sustain the loan amount, I seriously think that you can fetch good rental here. I expect a rental of 15k at least considering the proximity to all major points. It would be an ideal place for two people to stay. BTW, who has seen the future. Booking any flat is a risk, be in SJR, Poorva, or other good builder’s flat. There are some ppl talking about the dumpyard close to the project. I spoke to some of the representatives, they say that it will be moved in 6 months or 1 year’s time. If they dont remove also, I dont have any problem with that. There are ppl staying over drains and I know some hotels which are built over drains, so this would be far better. About water contamination, I think it is very much correct. If tankers are available and you are ready to shell out some money for water, it should not be a problem.
Now, the development part of that area. I am staying in outskirts of Bangalore, precisely Sarjapur. I have seen the development in a place like Sarjapur in 2 years like anything. So this place definately is going to grow for sure. People think twice before buying any property anywhere in Bangalore. Just dont go by some reviews. Reviews can be positive or negative. Some of the reviews can be of other builder’s agent who want to just spread negative reviews; thatz there job. U have to take your decision.
Pradeep
“No payment till possession” – there is a disclaimer in today ad – “Possession means the apartment being ready for fit out works”. Can anyone clarify this point in the newspaper.
I guess…
It mean apartment is ready for wood work – which mean all work is completed.
However, better to clarifiy from Pashmina people
Good reviews – here is my thought
1. If you are looking for 1 BHK apartment ( investment purpose or budget limitation), the is one of the good project. As you know most of the project does not have 1 BHK. Plus this area (Budigere crosss) has good potential upside. If BBMP dump yard moved away(which is less likely),PBW will be a hot place.
2. Sale-ability of 1 BHK is less compared to 2 BHK. However, rental demand is too high. However, i am not very sure if you get tenant at time of possession.
3. Post 5 year, I am sure it will be a nice place and it will give decent rental return.
4. Its a clean road (no encroachment) which connect to BIAL cargo road. In coming time, this CARGO road to bial will be a major road.
5. Scheme is quite attractive. Base price of ~ 14.5L if you booked now. You will end up in saving ~2.8 Lac as interest (14L X 10% X 1.5 years) is paid by builder. So your effective base price is ~ 12L. I guess its pretty good and with minimum risk. I took 3 years as duration of completion.
Comment welcome
Hi BS, What do you think, dumpyard will be removed or not? As for as i hear, it will be stopped in couple of months as a deadline set by villagers? Rgds, Andy
With the communities living around the Mandur landfill agreeing to allow the Bruhat Bangalore Mahanagara Palike (BBMP) to continue dumping of garbage, the civic body is taking action to meet the assurances made to the citizens by taking up various infrastructure development activities.
According to a press note here on Monday, the BBMP released Rs. 1 crore for providing drinking water facilities and improved road infrastructure in Mandur and Bidarahalli gram panchayat limits.
This was following a meeting with Minister for Health and Family Welfare Aravind Limbavali.
The release said the BBMP was paying for water to be supplied through tankers to the villages since September 2012. The meeting decided that every day, 61 water tankers would be sent to villages coming under the two gram panchayats.
Meanwhile, BBMP Commissioner Siddaiah directed the Chief Accounts Officer to release funds and clear two months’ pending bills of civic contractors. The remaining bills would be cleared in phases, he assured the contractors.
The civil contractors have been giving the BBMP a taste of its own medicine by beating drums in the head office. The civil contractors claim the BBMP owes them Rs. 1,200 crore.
http://m.thehindu.com/news/cities/bangalore/mandur-accepts-citys-waste-gets-water-in-return/article4479593.ece/?maneref=http%3A%2F%2Fm.thehindu.com%2Fnews%2Fcities%2Fbangalore%2F
I dont think so its worth to invest in that because of these reason
1. Project location is just 500m from mandur dumpyard
2. Size of bed room is not so satisfactory and also the concept of small box type open kitchen is unusual.
3. Floor plan of 500 SBA of 1BHK itself is not proper, that you will feel when you will enter into the model flat which is about to get completed at site in few days.
4. Forget about buying for purpose of living, its not worth for investment purpose.
5. CRM itself said about the ground water contamination is a serious threat and will have tanker supply of water for drinking and other purpose.
6. 80% out of 1500 unit will be 1 BHK is just meant to attract for those who are thinking for investment point of view. BUT think what will happen after possession ??? who will live there its an investors or actual buyers.
7. One side is dead lake and another side is dumpyard.
8. Only booking of first 120 unit has been started and going on, booking of further 1280 will take place based on the response they will get from market, otherwise they willl hold the concept of 1500 units in brookwoods.
9. Pay 2.5 lakh and take loan only from indiainfoline finance, who is back-end funding the whole project.
10. You can’t able to sell any unit before possession, but there is a option to sell it after 2 years but after paying some % of profit to indiainfoline.
11. Area will take atleast 10 years to get developed, although the site is 3 KM from Prestige Tranquility.
12. Its just a project with nice attaractive traps point which will get realized only after signing aggreement and getting possession.
13. Appreciation will be very less, hardly a 1BHK of 21Lakh{including car parking + reg + vat + st } will touch 28-30 lakh in five years time frame.
14. Hold and watch for thier 2BHK floor plan, it will not be more than 1100sqft in SBA and again the bed room sizes will be almost same 9*11feet, useless floor plan but great masterplan.
Amit: Isn’t dumpyard is going to be closed soon. (sources based on several news). Then i think its a good investment down the line 3-4 years. considering the low investment and non-payment of emi before possession.
This Project is like Inviting Health Hazard and Loss of money and time, i had been to Pashmina Brook woods last weekend and also been to Mandur Dumpyard as well, when there is a strong breeze you can smell mandur Dumpyard from Brookwoods, moreover BBMP people say that they are going to find a new place to dump city waste but waste already dumped will remain there for years and Ground water is already contaminated and some miscreants have given fire for the dumpyard which emmites poisonous dioxin and toxins which lead to cancer people who live their are prone to cancer so friends please stay away from this project. Regards Naveen.
I wonder then how very good developers are coming up with large projects in that area then, prestige has two projects (tranquility and glenwood -villa project), Chaitanya villa project, Pruksa villa projects and many more including pashmina. I suppose they would have done lot more deliberation before taking such expensive risks.
Hi Vinay,
Both Tranquility and Glennwood are 5 Kms away from dump yard if you have booked it better think about it am not discouraging anybody but what i have written is fact, wait for five years you will understand about the project better, half the apartments will be empty
Thanks Naveen. I would have preferred to book an apartment in Prestige Tranquility, but the rates are abnormal 30 lakhs for a 1 BHK vs 14 lakhs in Pashmina Brookwoods.
Alongwith price b/w PB & PS also you should compare the floor plan, SBA Size and quality of material used in both. You should also visit the model flat of both PT & PB and then only compare both 1BHK. During pre-launch of PT in Sep 2011, rate was Rs 2628/sqft and Unit cost of 1BHK was 700*2628 + Car parking(Rs 150000) = 1989600. Comparison of current rate of PT with Pre-launch rate of PB is unrealistic. Prestige is Prestige and its in one of the top five builder of Bangalore……….
More over its been more than 18 months of fast progressed construction for Prestige Tranquility & they have already crossed > 8 floors for all the 17 Towers through multiple contractor model. Prices for PT are to appreciate further, post launch of the Signature tower.
No comments………Differences between PT & PBW is easily visualized wrt to floor-plan, master-layout, builder class, location, area under project, amenities etc etc etc……..No where PBW is comparable to PT even their 1BHK is totally UN-comparable……You will definately see a second round of selling of those dabba-type 1BHK of PWB when it will get completed. Its obvious that it will appreciate but during that time PWB will face difficulty to have buyers of those 1BHK or two separate 1BHK Combined.major concern is its location which is just a stone-throw away distance from PWB……
Yes Amit, you’re right, Prestige Tranquility rocks !!
Can you please shed more light on the chaitanya villa project ?
Amit, Every investment decision involves some risk. Considering the no. of projects coming up in the area, developer, affordable cost, location advantage (near to ITPL, Whitefield, KR Puram and Airport and the new IT SEZ also coming up), seems to me a good calculated risk one can take.
I have been researching many projects in this segment (1 BHK) across Bangalore for more than an year now, this seems to me a good investment which will deliver decent returns (15 to 20% returns), also personally to me has the seed of delivering great returns in the long term (more than 5 years) in terms of rental income and appreciation as well.
I have booked a 1 BHK flat last week after much contemplation.
I was checking online reviews and contemplating on whether to go ahead with the investment or not but based on various positive overall feedback and after checking the location, I too went ahead with my booking. I was informed that most Block 1 flats have been sold out and am happy to have booked one in the initial offer pricing. (they are now advertising at 14.4 L onwards for phase 2 ). Vinay-Thanks for your clear views, i second them.
I too have booked a flat in Block 1, wondering if have made a good investment. A friend of mine has booked a flat in Block 3 and paid 1 lac extra.
I considered it as good investment from rental point of view.
for all those who have already booked, why dont we have an email group to exchange relevant info?
I went to the site today, they were soil testing. Also, they claim to have done 700+ bookings till date.
Have created a FB group for the flat owners:
https://www.facebook.com/groups/482668035113813/
Hi friends, I have created a google group
https://groups.google.com/forum/?fromgroups#!forum/pashmina-brookwoods
send me ur e-mail id’s at “gauravprakash.08″at”gmail.com”
thanks for your valuable sujjestiona dn vey clear explanaiton Amit. i agree its waste investment only to attract the people by showing 14.4
What is current rate? Is rate increased?
Any idea if we have to apply for loan as soon as we book? Or after the approvals are received and agreement is ready? Or can we apply for loan when we get the possession?
update as of 24 feb:
tower1 has 2 wings with 120 flats; 14 floors; 80% are almost 1 BHK @ 500 sft;
also they have an option of buying two 1 BHKs and joining them if you need a 2 BHK;
Also in future we can expect studio apartments ; less than 500 sft coming up; and one 2BHK ~ 650 sft is not yet released;
as of now only ADF through india infoline is available; till possession the india infoline will pay the interest part; expected 10.5 to 11.5 floating interest; at the time of registrtation; we can clear off the whole loan or we can shift to another bank & pre-close;;; and other options.
looks like tower-1 with almost all 120 flats are sold out yesterday; March 1-3, there are about to open 422 flats again & they are expecting around 5000 customer towards this weekend…
for 1 BHK we need to pay 1L at the time of booking; if withdrwan before agreement then penality of 25000; and 1.62 in another 2 months during agreement ; total 2.62L; project expected to start in June & completion in 3 years… if the project does not get approvals with in 6 months from the date of booking; you can with draw your money with 10% simple intereset ; however if project starts you get no interest
if anyone has more details ; can you share?
Sandeep, can you please let me know how it works..” as of now only ADF through india infoline is available; till possession the india infoline will “pay the interest part; expected 10.5 to 11.5 floating interest”..
And as per the documents i have received, “withdrwan before agreement then penality of 10k not 25k..If we withdrawn after agreement, whats penality we will expect..
I have booked there. Area seems having good prospects in future. Considering the rates, its a good investment. If you take adjoining two apartments, you can easily convert into a nice 2 bhk+study room apartment.
I went for a site visit today my comments:
1) Pretty high rates have been quoted; I believe they are including the interest amount in this rate else why the builders are going to pay the interest for 3 years?
2) The project is only marketed by Pashmina so that they can attract more people.
3) The area nearby the place has no other construction coming up and it seems like only after 7-8 years this place will be suitable to stay or put as rent
4) The rooms are so small that I feel even putting this as rent wont fetch neither tenants nor rent
Rest is everyones call. I will rather invest on Brigade Golden Traiangle which will be launching next month at 3.5K pfst.
I had been for site visit.
1. Place is off the Budhigere cross main road for 2-3 kms. Roads are good, but very remote location.There was 316M ordinary bus from Majestic, there was talk of Volvo bus plying from that area.
2. Just 200m, there is factory for waste Management plant, there is lots of waste scattered around this location. Sales person who attended me, told that that factory is going to be stopped. But some other sales guy was portraying that factory as liquor factory.
3. The location looks quite remote and is on slope side of that area.
4. Would have preferred closer to Budhigere cross main road like Prestige tranquility
5. Price is on higher range. Pool facing 25K extra, Each floor 10per sft extra, covered car parking 2 lakhs.
6. BMRDA approval is yet to be received. They are not yet ready to share legal documents for verification.
7. The Model flat is impressive. 500 sqft, super built up area is well utilized. Ideal for a studio apartment for max 2 persons.
8. The apartments bigger picture (layout), is odd, as they are not in straight line. Some flats they are yet to decide what should be the structure, hence not yet ready for sale.
9. Promises in the pamplet mention of facilities non-existent now, but may be available in future Ex: McDonalds, Big Bazaar etc.
10. 2000 apartments -single BHK, casts another doubt on feasibility, water issues
11. project completion – Mid 2016, which is bound to extend.
12. Looks like they are not sure of what to sell, so waiting for market to respond.
13. The application form talks of Shashwat realty as the main owner and pashmina as developers.Will this create complexity? No idea?
First I am not sure if that is the case (Shashwat realty being the main owner). Assuming it is and trusting you guys here, I did some research on Shashwat realty. For SHASHWATI REALTY past details go to the link below and search for it. It seems that they are in the MCA default list couple of times in the past (2006-07, 2009-10) for not filling annual return and/or balance sheet! Is it something that the investors should be worried about? Also go through the other links below, there are multiple “Shashwat” companies in the default list too (don’t know if its the same group of people):
http://www.watchoutinvestors.com/search_mca.asp
http://www.watchoutinvestors.com/Press_Release/roc/COMPANY_LIST-S_Z02.PDF (search shashwat)
In total, you will see 20 shaswat companies in the default list in different years. search with the key word “shashwat” and choose entity on this link: http://www.watchoutinvestors.com/search_mca.asp
Not sure what this means? Should investors be worried? what is the relationship between “shashwat realty and pashmina”? Any more insight/clarification into this anyone?
I have visited their site for the second time now. Today, they told that Shashwati realty Pvt Ltd is a sister company/related to their own, etc.
HI All, I Dont belive in pre-launches these are fundrising tactics by the builders.
Why cheque need to be submitted on the name “sashawathi Reality” ?
Any idea – who is this sashwathi reality as mentioned in booking form ?
chek with some advocate
I got the answer for this. Not sure whether i should be saying it here.
Hint: Tax…
I visited the location yesterday, seems like the location is set for huge growth in the next 2 to 3 years. Considering the location, developer and cost, seems to me a good investment for future.
Whether its a developed or underdeveloped, everyone is quoting min 3k per sq feet every where. Really on what basis are price decided.
my point of view this is very good investment because they are saying investment is only 15% for agreement and 85% after completion of proj. so this is very good investment
pl read what is the meaning of till possession? u will realize how builders cheat.
This is 2.6 km from prestige tranquility. Totally 5 km from Budigere cross.
Any idea – why cheque given will be in the name of shaswathi reality and why not pashmina builder as per application form?
now realize urself….y i ask cheque on some else name? be safe..may be genune reasonbut still i hate it
From the price list, it comes to approx Rs. 22L (all inclusive) for a 500 sqft 1BHK, assuming 1 covered car park.
That sounds pretty highly priced!!!
Some heresay –
1 bhk – 500 sqft
Price – 15 L
It does not look cheap ! Rs 3000/- is high for that area
Very true with 3000 psqft price only fools will buy.
Cons:
1.Pashmina not a A class builder.
2. Location is off road …USP is value homes Rate 3000 is too high.Only very optimist person can buy.
3. Garbage dump is nearby.
4. Waste treatment plant is just stone throw from project.
5. Undeveloped area .
Dont look 15L just look what you get in 15L (350 sqft carpet area).
Today I visited the site of Brook woods and saw the model apartments getting constructed. It seemed decent and there is a balcony with the living room which make it feel spacious. They are giving 73% of carpet area and thus approx 360 to 365 sq feet of carpet area is what is being promised.
The location seemed decent and no factories around unlike Prestige Tranquility. I have booked in PT also. PT gives only 71% of carpet area though Prestige say they give 80% of carpet area.
I am in the process of getting the title papers since I am an an advocate – pulling out the papers from sub-registrar’s office. The company will take atleast 15 days time to generate the title docs.
in 200 m there is a factory- garbage factory ji
Fools make money in real estate and walk around in white SUVs with gold chains & bling bling! 🙂
Whats the exact rate?
Harsha,
Can you please add the exact location for this apartment.
Will update as soon as I get to know
Check wikimapia 13°4’32″N 77°43’23″E
Thanks Abhi, waiting for an official confirmation of the same.
What is the area and Rate?
it is how far from prestige tranquility
2-2.5 kms from PT