Kolte Patil Mirabilis
Kolte Patil developers announced that they will soon launch their new apartment project at Horamavu to be called as Mirabilis. The project spanning 7 acres will host 7 towers of 12 floors each with a unique sky garden accessible by travelling a maximum distance of 2 levels up or 2 levels down.
Please check back for further updates.
Kolte Patil Mirabilis Options
- 2 BHK – 1100 to 1368 sft
- 3 BHK
Kolte Patil Mirabilis Location
Horamavu Main Road, about 1.5 km from ORR
Approx. 6 km from Manyata Tech Park
Kolte Patil Mirabilis Price
Yet to be announced.
Hi Guys
The builder is quoting 4500 as launch price for the project. The project will be completed in single phase and the builder is quoting as 3 years for completion of project. Is it a good price to go for this project.
Please let me know what is the correct price and is it good invistment
Hey Guys I am just sharing and giving people info on the rates @ what i booked and not marketing or doing some things out here Harsha Sagar has done a wonderful work in getting my dream home
I just thought i could let people get the best price out here that what i did it anyways anybody interested in @ Rs 4200/- per sft please get in touch with me on satish418@yahoo.com, i want the right buyers to be benefited
Hi Satish,
I am interested in this project. Pls. let us know your contact details so that we can discuss further in detail regarding this.
Priya
Hey Priya,
Please email me on satish418@yahoo.com to discuss on Kolte patil mirabillis project
Guys,
Just for attention.
Satish is a fake person here, I find him in both the place for KP projects for raaga and mirabilis. He looks like an investor or may be a builder guy. My observation is that he generally influence the price in forum the way he wants, Like if he wants to buy an apartment then he will him self will offer a very less price in forum and people who wants resale may get panicked and sell in less price and if he wants to sell his flat then also he will offer in the same way. Beware of him… he just not a serious buyer among us who puts their hard earned money but he enjoying playing with the sentiments of real buyers… Harsha should notice this and block such people.
hi satish – my offer price is 2450 rs/sqft for 3 bhk..pls check once again with the landowver and let me know
if the landowner is expecting golden eggs then he may not get..pls respond back
Dear Ram,
The landowner has offered to give away his share of flats for FREE :-). On a more serious note, provided Mirabilis has the NECESSARY approvals from BBMP/BDA, then a base price of between Rs 3500-3700 would be a fair/reasonable LAUNCH price for the project. I have no interest in buying a property in Mirabilis and this is only my personal assessment of a fair price.
Thanks Rajesh for your response..
Lets discuss the cost of construction cannot exceed more than 1500 rs/sqt and 1000 rs /sqft for the land cost..that is why i offered 2500 rs..
anything above is a profit..since developers are trying to offload the inventory due to slowdown i offered 2450..else he or she will end up only loss
Hi Ram,
I agree with you that the current prices of most apartments are super inflated and there are no buyers at the price which builders are asking. So, the price of Rs 3500/- which I quoted is a relative price compared to other builders. I have done some small research in Horamavu area. The land price in Horamavu (for B khatha, I doubt if any ‘A’ khatha land is available in Horamavu) is between 4k to 4.5k within 2 kms of the Horamavu signal. So, if the UDS is 40% of the SBA (super built up area), the land price would be around Rs 1600-Rs1800. We can take construction cost as around Rs 1500/-/sqft (as of today). So, the approximate range for base cost (i.e. if I myself construct putting in my time and effort) is Rs 3100/- to Rs 3300/- per sqft. On top of this would be interest cost, marketing cost, risk cost and profit. Therfore, I said that around Rs 3500/- would be a fair/reasonable LAUNCH price PROVIDED that the project has got ALL the necessary approvals and there is very little risk for the buyer. I dont like is this EOI concept since the price is not locked and the developer is free to quote any price later.
Hi Guys i would like to bring to your notice that i can get you an apartment @ Rs 4200/- per sft as the Builder is offering @ Rs 4400/- this discount is given as this is a Landlords share of apartments and i am just helping people save up not for any commercial gain out here i can offer you 1/2/2.5/3 Bhk apartments in this project. iIam just trying to help people out here as because of Our Great Harsha Sagar i could an apartment @ Rs 4200/- per sft Thanks Harsha Sagar Again
Please Note : This is not a commercial venture…..
hi satish
my offer is 3150 rs/sqft..ready to book 3 bhk ..let me know if you can ask the owner about this price
thanks
Can you pass me your contact number as i am looking to book one 3 BHK.
I have visited the site twice and in touch witk KP guys currently they offered me @4300 Rs but will come down as well after further negotiations.
@Satish: Couple of days back, you mentioned Rs 3200, now it is Rs 4200. The word Mirabilis stands for remarkable, wondrous, amazing – not sure about the project, at least the jump in the price can be described in the same way ! Hope you are not related to the Builder’s family?
Cost of houses pretty high, scope for reduction: RBI’s S S Mundra
====================================================
MUMBAI: Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said on Wednesday.
“I believe there’s enough scope for housing prices to come down from the higher perch because of huge inventory piled up in several markets,” SS Mundra, deputy governor of Reserve Bank of India, said while nudging builders to reduce property prices.
The unsold inventory across top six cities in India, including underconstruction and completed properties, currently stands at around 760,000 apartments as on June end as against nearly 734,000 apartments in the previous quarter, according to property research firm Liases Foras.
Mundra was addressing a gathering that included bankers and realty developers at the real estate banking conclave organized by developers’ body, National Real Estate Development Council.
He stressed on reduction in housing prices while acknowledging that there can be a counter argument by builders that around 30 per cent of their realization is going towards taxes. “With more progressive construction practices and several other measures, it should be possible to make housing less costly than it is today,” the central banker said.
Mundra went on to highlight that the housing shortage is accentuated more in the weaker sections. Over 58 per cent of people from the economically weaker sections and over 39 per cent from the low-income groups have no access to housing, Mundra said.
He also voiced concern against the practice of loans for a second and third house, adding the bank credit must be used for productive purposes and not for speculation. “We would not like to create a situation where bank finance is being used by a selected few for buying several houses as an investment and thereby creating artificial demand bubble,” he said.
Satish,,
Youre either a bogus developer, a guy who has precious little to do or finally a broker working for someone. after all this does not require any qualifications.
So continue trying your best.
Builder is Quoting Rs 3400/- but if any one is intrested i can get an apartment for any one @ Rs 3200/- per sft i am not an agent or a reseller..
Why so desperate to sell. Not finding any buyer.
can u pass me your contact number or mail id as well. Which apartment you are talking about @3200 Rs
I am Looking to Buy 2 or 2.5 or 3 Bhk Apartment in Kolte Patil Mirabillis any one looking to sell instead for waiting for the Builder to make a Refund in 3 to 5 Months time i would pay the amount upfront if i like the layout i am looking for please email on satish418@yahoo.com as i am on the verge of closure of some other property in case i don’t get it out here
Hi
We booked apartment in mirabilus n Dec.Got a call from kolte patil yesterday that rates are revised and we need to pay 200 extra pet sqfeet.
We booked at 3950 d now they are asking more . Pls let us know of anyone got such call
I am alos facing the same issue. Lets all meet and discuss about the further course of action
Any further update on this ended finally? Did you pay the extra rate.. hoping not.
Hi,
I booked at Kolte Patil Mirabilis at 4900 Per SQFT couple of months back.
Builder says, project completion by June 2019.
What are your views ?
Thats nice. so if they increase the rate again, you will have to pay. That means they can keep increasing the rate irrespective of construction schedule/status and ask you to pay. Why dont you take these crooks to the court ! high time we buyers get our act together !
Hello
Think 1000 times before putting money with kolte patil. this is very unethical builder. I personally faced heat of it. be careful.
I saw a discussion on http://kinhousing.com/property_detail.php?pd=49 stating its getting launched for public and construction to start in Nov 2014. I think they have again started the booking.
Hi sandeep,
You are right, they are again saying that its getting launched in november 2014, we have booked a flat in october 2014. I wanted to ask u guys, did they share with you all the legal documents pertaining to land and the project ( including bbmp approvals ). Did you got the same verified from a lawyer? I just want to be ensured that there are no legal reasons for delay!we have booked the apt at 4400 rate.
I am also planning to book a flat in Mirabilis. What I am told that they are just blocking the apartment now using Expression of Interest. They would book it on 14th November, 2014. The booking amount cheque would be deposited only on 14th November if you agree 🙂 The rate they offered is 4300/- (officially 4400 but agreed to reduce to 4300).
The concern I have is, if its only expression of interest, what is the point in any rate they quote as the flat is not getting booked in your name – just blocked and EOI says these are indicative rates.
I don’t think till it is booked and your booking amount cheque is deposited, they would handover any legal documents.
@Aniruddha
You sign Expression of Interest (EOI) and pay money to do so. They don’t even bother to give you legal documents and govt. approvals. Importantly, they don’t even confirm the rates..!!!
Do you buy other products this way, without knowing the rates? Can you tell me any five things that you bought in your life whose price total to 50 Lakhs? Property is the costliest thing you buy in your life time. And we are taking about 1Cr+ here. Imagine the risk you are taking to save 100-200 per. sqft. for the costliest thing you are buying in your life time.
With this kind of unethical process, builder can effectively charge anything as “official” rate, on the pre-launch day. It all depends on how many fools turn up to their marketing gimmick. They are unsure of that number TODAY. To know the same, they use your time and money.
Don’t they claim to be in the business for a long time and have the desired “expertise” to be called a premium builder? I wonder, what stops them from knowing their input costs so as to come up with a rate NOW? What’s that information that they don’t have TODAY—-and will know ONLY on the pre-launch day—-which can help them set the “official” price? They don’t encash your check, so they don’t get your money upfront. But the number of checks collected gives them the most valuable information: The number of FOOLS willing to fall.
Investors, why so much hurry? Already few people are fooled by this builder in the name of EOI. They booked in Dec2013 and are now charged 200 extra for the same. Why YOU can’t be the next to be BUTCHERED in the name of investment?
Only charlatans play such tricks. Don’t fall for it.
Your comment is very true Aniruddha. When we book an apt as part of EOI we expect the price to remain same. Since they have en-cashed the checque with in a week, they should stick to the price.
Not only the price increase they have COMPLETELY CHANGED THE INDIVIDUAL FLAT PLANS. they don’t even bother to inform that the your apt plan has changed. Such an irresposible builder. I have done a mistake thinking a listed company would not do such things…
@Vijay,
The explanation received for change of flat plans , need to verify though – They could not get NOC from fire department for the submitted plan and for that reason they needed to change their layout to abide by Fire departments comments. These kind of things are possible in initial stages. If he has really made the changes based on objections from any of the govt department, it is a good sign.
The main thing which we should verify before signing the agreement is to check the BDA/BBMP sanctioned plan and the flat layout. If they match, it is in good shape. Also having one tower with only 6 floors indicates that he might be trying to abide by the FSI rules else he could have all towers with 12 floors each.
I have heard similar things for another builder where he increased the sqft of the flat in initial stages due to some govt authorities objection, he ended up changing some layout/design.
If they have en-cashed the cheque, they should abide by the price for sure. But unfortunately, if we have not filled up a booking form with all details, the things are Gray again.
Anyway, have you booked/blocked the flat in Mirabilis and planning to continue ? if yes, we can be in touch. I am thinking of going ahead with them. Lets see how things go till 14th November and decide.
Feel free to drop me a mail on ani_agashea@yahoo.com
@Manjushree
I think you are not aware of how the express of Interest works.
EOI -Expression of Interest is a method used by few other builders – Purvankara does it as well.
Normally, In this method, the cheque paid by you is not deposited till the launch date. On the launch day, they would tell you that the price is so and so and this is these are possible flats which can be allotted. If you agree, the cheque is deposited, if not it is refunded. In this method, they always tell and indicative rate. There is never an agreed rate till launch date.
What surprised me in this project is that they are talking about a rate today but still signing only the expression of interest. Ideally, one would be signing the booking documents today. That was my worry/concern here. If he says, I have to pay more on 14th November, I will not agree and quit the deal. Anyway, my cheque is not going to be deposited.
If you look at other builds like Brigade, they take booking amount, encash it and if you are not interested or if you don’t agree to the rate or don’t like the flat allotmment, you can cancel the booking by paying 10K. At least expression of Interest, you are not loosing 10K.
You can’t say that they are not telling the rate now because they don’t know input costs! Thats a totally wrong statement. Do you mean when the builder increases the rates every two months (any builder for that matter), does it mean that their input cost increases which is why they increase the rates ? The rates are decided by market demand.
When builder charges for floor rise, or extra charge for premium flats (like facing swimming pool), does it mean that he needs extra money to construct Swimming pool facing flats ? This is totally absurd argument ever for such a purchase.
when one person is buying a property, it is anyway taking the risk – can you assure that if I wait till 14th November and book at the launch rate (whatever), there are not going to be any issues in future ?
Or if I book with another premium builder may be Shobha/Prestige/Brigade – there is not going to be any legal hassles ?
All these things are to create demand and appreciation.
For that matter, which item you buy “including your daily needs” are justified with your logic of proper input cost ? Every thing is demand based.
I am not defending Kolte Patil as a builder here but just making things clear that its a demand driven market and not based on actual cost.
Dear Aniruddha,
Looks like you have taken my post way too personally. Cool down, and go through my post AGAIN—-thoroughly this time. And if you look at it objectively, forgetting the fact that you have already signed an EOI, you will soon realize what I wanted to convey.
All I tried to say in my post is that, it’s the demand that decides the price and in today’s RE market, builder is unsure about the real demand. So, he is just using you guys to gauge the same.
Let’s go back to what I said to clarify my points:
[Manjushree] >>>> …… builder can effectively charge anything as “official” rate, on the pre-launch day. It all depends on how many fools turn up to their marketing gimmick
[Manjushree] >>> But the number of checks collected gives them the most valuable information: The number of FOOLS willing to fall.
You got it? ….
“Number of fools turning up” gives him idea of the demand.
“Number of checks collected” gives him the idea of the demand.
He is UNSURE of the demand in this down market. Think about it: They announced the project in March2013 and still not able to come up with a rate. This very fact talks volume about their UNCERTAINTY about the market demand. My question is: Why use gullible investors and home buyers to test the market demand?
[Manjushree] >>> I wonder, what stops them from knowing their input costs so as to come up with a rate NOW? ****What’s that information***** that they don’t have TODAY—-and will know ONLY on the pre-launch day—-which can help them set the “official” price?
By talking about input cost, I just wanted to highlight to the readers that it’s more than the cost factor. Of course, he knows his cost. So, it’s has to be about something else…. DEMAND , a factor that the builder is unable to predict as yet. But he is unwilling to take any chance, and wants to SUCK everyone dry. So, with this EOI, he is out to gauge the demand first so as to charge everyone to the hilt.
Now your points….
[Aniruddha] >>>>> EOI -Expression of Interest is a method used by few other builders………
Don’t digress from the point. I know EOI. If you go through my post, you will realize that it’s only about builder not fixing the rate with EOI, while others do.
[Aniruddha] What surprised me in this project is that they are talking about a rate today but still signing only the expression of interest. Ideally, one would be signing the booking documents today. That was my worry/concern here.
Aaaha…finally we agree. This is the BIGGEST concern and the main point of my post. And by now, you should know, why is he doing so…..
[Aniruddha] >>>The rates are decided by market demand.
Again, agree with you. But, there is absolutely no demand right now… that’s the sad reality. Question you should ask is: Then why to pay an UNDEFINED amount and take a risk? Just because the builder said so?
[Aniruddha] >>>when one person is buying a property, it is anyway taking the risk – can you assure that if I wait till 14th November and book at the launch rate (whatever), there are not going to be any issues in future ?
…… sad but true: there is absolutely no Guarantee. It’s always a risk. But booking a flat in spite of knowing that the builder has CHEATED people who pre-booked in Dec2013, is a much bigger RISK than the usual. Take your pick….
Good Luck.
Regards,
Manju.
@Manju,
No I did not take anything personally.
But what you are forgetting is they are doing business and not “free for all service”. They have full right to decide what should be the market price for their products (the same way every businessman does it). Every product is sold like this, including your vegetables, grocery, mobiles, TVs, movies, cars etc. Lets not blame their method. The mobile phone or the laptop or even the internet connection you have used to put this post and respond, is also sold like this only. Have you ever seen festival discouts in shops, its given on increased price.
If you start thinking about this, you would not be able to buy anything in life.
I have done business earlier and I also decided my price based on my competitors price and not on my product cost. So nothing to blame builder here.
Every person has a choice to go for it or not. If you feel the price is more, don’t go for it.
No builder gives you legal documents, unless you book the flat. For Expression of Interest, no one gives the legal documents as technically it is not binding to both the sides. Even after booking, if you find fault with legal documents, you have option to get refund of the booking amount – most builders would return it and some create problems while returning.
Welcome to real world and Good luck 🙂
Rightly said Manjushree. Long back I too fell to their trap but had nice fight with them and manage to get full money within one month of cancellation. I have never seen such unprofessional builder. I am happy that I could cancel right in time and invest in much better property at rate little lesser than current quote from these junk people
@Adhi,
Which property have you booked now and at what Rate ?
Did they launched on 14th Nov?
Got to know that its pushed to 5th December, 2014 now. Reasons are unknown.
Their sales executive told me that they earlier pushed from 14th to 21st November and then to 5th December.
We decided to drop the plan as its not fitting our overall planning.
The rate quoted is stil Rs. 4400/- with a discount of Rs. 100 to close on Rs. 4300/-.
If you go through channel parteners, you might get additional 1% discount from Channel partner.
Looking at the way this project is progessing I feel this project has serious issue. May be some legal issue or partnership issue with land owner.
Hello, Any updates on when is the project actually launching ? A colleague of mine had paid them in dec 13 ( 3 lakhs ) for booking and they assured project starts in June 14 but its august and no news ??
Thanks!!
Hi SJ
I too did mistake of booking in Dec 13 with this unprofessional builder but thank God I could withdraw by may 14 and put my money in other project which was pre-launched much later than this project but excavation work has already finished. Hence this builder much better than ugly KPDL
Hi Adhi,
thanks for inputs, i would like to know more. can you give your contact on abhijeet.bhattacharya@gmail.com.
Hi All,
Whoever have booked as part of Expression of interest @ 3950, can we all meet the bulder. Lets go together to talk to them.
NOW THEY HAVE EVEN CHANGED THE PLANS AS PER THEIR WISH. Did not even bother to inform. THIS IS VERY UNETHICAL….please share your contact numbers… vijay.vudarla@gmail.com
Hello Friends,
I want to resale my 3bhk cornet flat in phase 1 in Raaga, Interested buys can contact me on 9611377119. Its a good project and you may be concerned about legal issue but I have gone through the legitimate documents with my lawyer and case is favoring to builder and that is the reason the construction has not been stopped, High court has order for peaceful occupation in the immunity later given to the initial noticed to both the parties. The dispute is not about the legality or approval part of the project but previous land owner is demanding 50% of flats sharing in properties which demands are coming down as the case is going ahead, Builder does not want to give up as its all legal their point of view so the matter will be settle sooner or later and construction will not be stopped at any point before possession…. I need to sell this property as I am moving my investment to another pre-launch project.. Thats it… Please contact me if you are interested… on 9611377119.
Thanks
I visited this property today and they said that it will be launched within a month and they have got all the approvals as well. Now can we invest in this property??
The sales person told that while agreement, they will write that the possession will be within 3 years of commencement.
Can i go for this project?
Hey Var i have also booked an apartment in this project and was very happy the way the dealt with me if you want me to share my experiences with you please email me on rahul_200060@yahoo.co.in so that i can email you the check list
to share the experiences , why do u need an email to you personally , harshasagar is meant for it .. please give u r experiences here.. dont mislead people by emailing you personally.
Per sqft @3950 is it negotiable?
I am visiting the site from couple of days, the delay in launch is due to elections and many builders got stuck, as per builder and some agent. I am about to book a 2 BHK at Rs 3950/sft, Please suggest is it reasonable rate?
I am also considering Mantri Webcity @ 4650/sft.
Please share thoughts.
Thanks
Manish
Hi Manish,
I think the Mirabilis project has good future potential, assuming that the railway crossing issue will be fixed by the time the project is completed. Considering the experience of KP (much more in Pune than in B’lore), the rate they are quoting is OK. I looked at Mantri Webcity too, but did not like the floor plan of their 3BHK options. Plus, they quoted 4800 psft to me with 70:30 finance scheme which I was not interested in. In my opinion, Hennur and Thanisandra property rates are too inflated. Let me know what you decide about Mirabilis.
Sing, I appreciate your comparison.
But how do you feel Mirabilis floor plans are fine in comparison? Balconies are unusable and too many flats are stacked in a flat, that too with common walls.
Hi GUEST,
I haven’t reviewed all the floor plans of KP Mirabilis; but, I liked the floor plan of the flat I have booked. It is about 90% vaastu compliant. It has just one common wall with adjacent flat, and yes, one balcony is not usable, but that’s least of my concern. Now that doesn’t mean that the floor plans for Mantri are not good; they just are not the best as per my requirements. And, floor plan preferences differ from person to person. I shared my experience and am not looking for a debate here.
Is this project launched? Or they have approvals at least? Interested to invest here
I am not sure if this will get launched this year too! I have been waiting for it to launch since March 2013! and paid the booking amount in Dec’13. If the pre-launch price still the same after 8 months, I have simply lost my interest on the amount paid and have gained nothing! I seriously feel I committed a big mistake. Anyone who has backed out can you please let me know how difficult is it to get back the booking amount?
Refer my earlier posts on how much you have to struggle to get your money back. Anyways All the best.
Hi Adhi
Will be great if you could share with me how did you get your booking amount back. I have filed a refund claim around two month back and have done multiple follow ups but no response from their side.
Please explain here or email me separately at rickysaraf@gmail.com
Thanks
Buyers can join this google group –
kolte-patil-mirabilis@googlegroups.com
https://groups.google.com/forum/#!forum/kolte-patil-mirabilis
Hello,
I had seen the site in Feb 14 and then went there today ( 12th May) . I was told around Feb that it will be launched soon and today was informed that it will be launched by month end.
The price quoted is 3950/- sq Ft.
Pros :
1 Accessibility from ORR.
2. Railway overbridge is getting constructed.
However I am concerned if there are legal issues with project as there are posts from may 13 in this thread where people are talking of a “soon” launch.
BTW, their executive told me that all the 2.5 bhks are sold out and only theones on 11th and 12th floor available.
I have seen other projects and comparatively found the price to be fine but now I am a bit scared after knowing that the project is in the same state since a Year..
I am looking to book this property. Please provide me your valuable feedback about builder and any thing which can help me in deciding.
I am also interested, is there any facbook group for this group?
Have you bought the unit? You can drop your email Id at akonline333@gmail.com .. will add you to owners group.
Hi all and @akkibhai
Need your inputs, kolte patil guys asking 4-6L to block the flat.. still no idea of launch time though..
1. Is it proper to pay 4-6L to just block in pre-launch, they say it is EOI and hence no agreement will be done ?
2. Is it safe to pay like this ?
3. Is this builder reliable ? they say on cancellation they will refund entire amount ..
4. They say after launch they will do agreement.. what if they apply hiked price ?
please share if this is a standard procedure and kolte patil reliability..
thanks
It is not a good option I was trapped with this offer after putting 4 lakhs for 4 months I decided to quit. After lot of fighting I could manage to get my money back. I quit because from last 4 months they are just saying that they are going to launch project within 15 days. Cant trust anymore
Hi Adhi,
They say they will refund the full amount in case anyone decides to cancel the booking. Could you let us know what was the fighting about then?
It is about getting that said money back. On cancellation they will give you a vague time frame to return money. Once you insist on particular date after lot of followup they will give a date. BUT on that said date they will not give any cheque, so again start the process of followup. In this process at one point I felt I will not get my money back. If you ok with having such experience you can take a chance.
Note: during booking a sales person clearly said to us that they will not use this money for anything so return of amount can happen within a weeks time but I got my money after months time
A big developer like KP is dealing so unfairly…. they should return money immediately. They claim to be launching this project for last one year now. God know what is the problem.
KP is good only at extracting huge amount Of money by selling falls promises of launch. During my booking they said that launch of this project will happen in Feb 2014 but till April they dint had any approvals in place (no idea what is state now). For any builder to launch a project minimum of 1 month is needed to get bank approval after plan approvals
I was under impression that they are only taking EOI (expression of interest) cheques. Hence they wont encash the cheques until they officially launch the project. Is it not true ?
don’t be inwrong impression they will encash cheque same day of your issuing. They just need your money without any solid commitment from their (KP) end
Today morning I submitted my response but moderator did not accept it 🙁
I think buying a apartment on Hennur road and Thanisandra road can give you better appreciation rather than buying on Horamavu. Hennur road and Thanisandra road are developing very fast and so many commercial projects are coming.there. Considering the locality horamavu as very scattered, 4000/- prelaunch is on very high end. Even this project is having so many common walls.
Guys it is up to you but consider Hennur and Thanisandra location that is far better than Horamavu.
With projects like Prestige Augusta and upcoming Total environment +100 acre project near Hormavu, I can tell you even this area will follow the path of what Hennur is today.
People who have booked apartment, please get in touch with me at akonline333@gmail.com
Lets connect!
Akkibhai, how sure is the total environment project? I mean, they have been acquiring land there for ages…is there any surety that they’ll come with a project there anytime soon?
Well, as per my knowledge they have acquired 80+ acres and another 50 to go. The project will take 2-3 years to materialise
So from investment side, the region shows strong potential. When I made investment 5 years ago at Hennur, it was the same story- lot of potential but not much on the ground.. but today things are different.
I therefore see strong growth in Hormavu as well..
Is there any development happening on site. I spoke to them last month they said they will launch in mid march.
The sample apartment is almost ready. Few approvals are pending which should be there by March (as per their staff). If sample apartment is ready- its a positive signal that approvals are almost there and project is about to get launched!
When is launch planned. They said feb in dec 13 but now they are saying march or later
Total environment guys say the launch will happen only in march 2015! And no guarantees! Jeez if they have been telling people that’s gonna happen in 2013…
I recently booked flat at Mirabilis- sounds like a good value proposition considering following distances:
1.5 km from ORR
6km from Manyata
10 km each from MG road, Indira Nagar, Whitefield.
Has anyone booked it- if yes lets try connecting.
I am interested …do you have floor plans etc and what price they offered and is project approved and construction started ?
At what cost you have booked ?
I got it for 3950.. Price is lower compared to prices in Hennur, thaninsandra and whitefield
Hi i bought the 2 bhk @ Mirabilis at little lower price please let me if any one in intrested so that i can connect to you. please share your email ids
Sure, what price did you buy.. Ps message me your contact details and I will get in touch
Hi, I am interested in this project. If you let me know at what price you have booked the flat in Mirabillis.
what price did you book.
I got it for 3950 Plus floor plc.. How about others?
The launch is expected to be at 4150 by end of this month
Can anyone tell me the exact location of this project ?
4000 in prelauch stage, in this area is very high. I was following up his project for past several months. Now I completely dropped this project.
The area is very dusty and , no railway over bridge which is a main concern.
Also they are having 2 phases, which means construction will be there for another 5-10 years.
Launch is plannned in feb. With there record, you can never say that.
Phase 2 will be there for atleast 3 years after phase 1
yes rate is too high. Floor plan is also not at all good. common wall is there in all the flat. Its better to drop idea of investing in this project.
Heard they will launch soon at 4000, which is way too high for this area and current market conditions.
Also, considering there is no railway underpass yet, the connectivity also is a big issue.
4000/sqft would be a complete waste of money, Better go for G-Corp then @ 4945 / Sqft and that too near to the proposed Metro station @ Nagawara
4000 sqft for pre lauch will be funny … that too with a company which is know to delay things./
Hey All,
We Should we very thankfully to Harsha Sagar for what ever he has helped us in proving inputs on each and every project since being a home buyer there are not people who actually help us in telling the facts but here i am very happy and find things are discussed and happy, any way i am also waiting for this project since a long time and have created an Facebook page for the said project ie koltepatilmirabilis@gmail.com please send me an request and i shall add people
These guys are marketing this property since a year and its not yet launched due to lots of issues in the land , lost hope to invest in this
-baskar
Hi I am also interested in buying this flat pls let me know any pre launches are going on
I am intrested in this project..
1) is the booking started?
2) Has anyone booked any flats in this apartment
3) what price you have booked? what is the current price
4) is it open for booking now?
5) when is it going to launch and when is the completion date
6) are floor plan available from builder
I read someone below saying he has booked it .. is it true?
Regards
Giri
No news about the launch so far, every time KPDL guys say next month.
From some un-reliable source I heard that they are still sorting out some legal issues related to land acquisition which is causing the indefinite delay (but don’t know how reliable this info is?)
Has anyone spoken to the project executives lately?Seems Aug launch is also looking doubtful
i had a talk on 20th and got same reply. May be launched next month.
I spoke to the executive couple of days back they said they are finishing up the mock up and heard from reliable sources that they are on final stage of approvals to be in their hand and also they said there is no hassle in land issues. i think the wait should make us more a good launch. as i was searching property for last 2 years this all common issues before a launch
Do you have an idea about the pre-launch/launch price ? Earlier it was around Rs 3400/- per sqft ?
Vijay, by “mock up” do you mean a “model apartment”? because last time I visited there I saw some sort of minor brickwork going.
Has anybody visited the site recently?
Any updates on this…Seems like they will start only once they have all the approvals.. which is good in a sense ..as it always better than putting money in a pre lauch and then waiting!!..
have you spoken to any of the executives recently?
1 month back they were saying June end. It’s almost mid July now…Don’t know how long one needs to wait ..Don’t know whether this wait is worth also(pricing is the Key)!!
Same here…. last we check in the June end, then also they said, it would be launched shortly and will send the details as soon as all set to go.but the same thing they are saying since April.
Now they are saying it will be launched after ashadam
Hi Santosh,
Who has confirmed this info?So basically it will happen only after July I guess
yesterday i called the concern person of this project. he said me that would be launched in August. i feel Santosh also mean to say the same ( i am sorry, i dont understand Kanada so guessing ‘Ashadam’ means some where in August 🙂 ).
As per them, they can not lauch the project untill and unless they got all of the approval, which is the latest govt. rule.
No suchi .. Ashadam doesn’t mean august and its not kannada 😛 …
Its an indian month which is not auspisious .. it come before sravanam (start of august only)
Ohh ok, so you mean to say, they said the project will be launched some where in July! no way, already they said August to me 🙂 .
But anyway, i was thinking how come July can be missed from the list. because, since April i am getiing launch dates in every month, initially in April end, then May then June and now August, so July was missed.
BUT NO, i was wrong, now that aslo has been included in it :D.
They are taking a sweet loooooong time to launch it. but keep the finger cross, this long wait may bring a fruitful result.
Dear friends
Pease if you could update me the true progress of this project.
Is the railways underpass at horamavu crossing approved?Has any work started on the underpass?
Any update on the launch?Has anyone spoken to any of the executives?Was thinking of investing in some other property as there seems to be no definitive answer from the builders on the launch
Looks like a Dead Project
They are yet to get the NOC
Seems like they are not paying enough bribes to get the clearance :-).
Are there any other good pre launch projects nearby?
Hi guys,
I am not the other rajeev who’s in discussion here 🙂
I just visited the site y’day, few points …
– When I measured the exact distance from this project’s entrance to ORR, it came to 1.9 km to be precise, so 1.5 as they’ve mentioned is slightly incorrect.
– There is a railway track in-between, and the road on that crossing is bit narrow. It just got closed when I was coming back due to train passing, there was quite a lot of traffic & chaos when it happened (on saturday afternoon), just a point.
– I somehow wasn’t getting very good feeling while passing from that locality, esp after the railway track, not able to articulate, basically it didn’t look like a residential area at all, was quite deserted and lil unsafe.
– By the way I spoke to a person present on site, he looked like a responsible person, spoke in proper english, he told me that the total area is 6.5 acres here (contrary to other claims that it’s 7 acres). Though the place looked big when it was empty, I somehow feel it’s going to get very congested after the construction as per the present master-plan, seven huge towers are coming up, each floor is basically with 8 flats on it, which means every tower will be quite wide.
– So does anyone know what is the size of swimming pool, the club-house, children play area, and the garden ? …. how much is the total open space basically ? These things are very important, I hope the garden etc doesn’t remain just for the name sake.
– I checked the lake that is shown in the pic, there was not a single drop of water there, it didn’t look like a lake in the first place.
– About the water, I inquired from a colleague who’s living in Horamavu, he told there’s no cauvery water pipelines anywhere in horamavu at present. Not sure if tihs place is BDA approved or not, if it is then we can hope to get the cauvery water sooner or later.
So ……. just some of the points of caution that I wanted to highlight, so that we don’t get carried away, sry if I sounded too cynical.
Their plus-point is their price, 3500 is good as the area is technically very much inside the city … I just wish it was this side of the railway-track. I think I would buy it upto 3600 max, but beyond that I would really think twice as I feel it will take lot of time for this locality to get properly developed.
Cheers,
Rajiv
Very True Rajeev. People have to ascertain on the Number of Borewells being Dug to fullfill the Water requirement of 600+ Flats , if Less, People have to shell out more money for Water Tankers as part of Maintenence Charges.
About the Price per SqFt…I would say, Rs3000 – Rs3100 (if Premium – Dry Lake View 🙂 ) is a Agreeable one, not even a single Rupee more than that.
All Properties around are Around Rs 2800 only. Oceanus Tranquil was also offering 2750/- per sqt though 2.5 Km ahead of this project therefore i also believe 3100/- sq ft is the optimum
Hi Rajeev,
Thanks for your valuable inputs.Another doubt i had was the mosquito issue in that area due to garbage/waste being dumped in the agara lake.Saw some videos in you tube with residents in the area complaining of the issue.Is the location right next to the lake?Will there be health issues/risks
He he Rahul pity of you. You can not earn money like that. Please work hard and make money in other ways around.
Hi,
can someone tell the exact location of the property? Also what is the psqft rate. I have heard that there are some litigation problems with kolte Patil’s raaga project. How about this project. Is all titles clear here? Also, anyone having floor plans for this project?
search google map with this number 13.032123,77.661243 to find location.
Just for information i also booked an 2 bedroom in Mirabilis i was very happy i am not able to understand one thing that when i am paying to the developer and getting my choice of an apartment its a fair dea; for any feedback or reviews please email me on rajesh_blore@ymail.com
In the current scenario, water is a serious issue, bore wells have to be dug below 1000 feet to get limited water. There is no sewage and water supply facilities in entire Horamavu. (http://www.bangalorenest.com/Top-Stories/kolte-mirabilis/) Check before booking
Hey All,
I have a booked an 3 bhk @ Kolte Patil Mirabilis today saw the plans it is well planned and what i guess this project of Kolte Patil Mirabilis is going to be eye turner/ premium project the way they have planned it out this is my thought people intrested in booking dont wait for too long as the proper and good units will be sold out
Can u let me know where you booked and price quotation pls.
To day I called but they are saying…..will launch in mid of april this project ..
Sorry Mid of May month .
guys can anyone tell me the price of the 3bhk and what is the square feet for a 3bhk.
is this project launched ?
Let us know the rate you booked it for and also hiccups if any
Rahul called me before one month. He is telling he is investor in this project and you may book flat now. Now he is saying he has booked the flat :). I don’t know who is this guy and why he is making false claim..
Rahul is claiming to be proud owner of kolte patil raaga as well..nd denying of any legal issue in raaga..fighting with ppl on other link..check mail id..its same
http://harshasagar.com/2012/09/05/kolte-patil-raaga-location-price-review-public-opinion-more/
Better change ur name when u post ur claims on different thread.
Rahul called me as well and wanted to book the flat right now. but i called Kolte patil group for confirmation, the said, till now they have not received the approval then how come they can book it!
anyway, i feel all of us are waiting for the group and till now no one has made it. so can any one of us take lead and make it?
i have created one yahoo group.
Group name: KoltePatilMirabilis
Group home page: http://in.groups.yahoo.com/group/KoltePatilMirabilis
Group email: KoltePatilMirabilis@yahoogroups.co.in
Please feel free to join. or if anyone want to create any other please go ahead and let us know.
Joined the group please share the info of price if anyone have
i called them yesterday and they are saying it would be launched by mid of next month.
i am also interested in this project, it would be great if you please include me in the group if any.
Please let me know group name if group created for Kolte Patil Mirabilis .
when will its pre launch be???????
From what I am hearing it is some time around mid of this month.
oh thank you
any update on launch date????
Understand that there are issues with clean titles of the land here which is delaying the prelaunch and launch. Kolte Patil had similar issues in their Raaga project with a claim filed by a previous land owner which has yet to be settled.
I agree this is the case may be they were scheduled to launch in first week of February and see the delay
Hi dear friends, happen to speak to kolte patil representative and marketing team few days ago and they have said that no discounts will be offered for group booking. I want to know how far it is true, but 3500-3600 as final price, is it worth?
No discount for group booking? Good News.
Guys relax and wait for launch /Pre-launch 🙂
Sad news is real-estate become an investment option in India.
One of the reasons for rich becomes richer and poor becomes poorer.
Any thoughts. You can scold me also 🙂
Very True
In a way yes. But the chances of getting a desired unit post launch is less and the cost at Launch will be higher than Pre-Launch or pre-pre-launch.
What I feel is no discounts mean I can be sure that I am not paying higher than someone else.
Hi,
If the quoted price is 3800/sqft then I feel it is definitely not cheap. There are hundreds of already built apartments of many prominent builders lying vacant and it would be a good idea to check those out and if available at a bargain buy one of those instead of committing money at inflated prices for a project yet to start. Just my 2 cents..
hi can u name few built apartments of reputed builder which are vacant at 3800/sqft ?
No, I didn’t find a lot because from my search I see that many on sale are quoting at even higher prices and the those selling (loads of them) are the ones who have booked and yet to take possession of the house.
So it looks like this is a speculators game in real estate, book at high price for selling at even higher price.
You are right Kiran. 3800 /- per sq ft is too hight 🙂 . I think some marketing agent are there in this thread and they want some people to book flats in advance and will enjoy the commission .
So which group is genuine? Who is taking the lead? As of now, I have asked Rahul to include me in the group.
If possible, can all/most of us meet up first over a weekend, so that we can discuss among ourselves and proceed?
Yes i was also thinking the same .. How about meeting this weekend?
Anand, I am also interested in this project.
its a good idea to meet. So lets decide the place.
Thanks
Rajeev
How about giving a visit to the site … it serves two puposes
Please avoid posting your email addresses with requests for group booking. I have over 20 such comments pending for approval. Most of you are not questioning about
who is forming the group?
are there only genuine buyers or some marketing agents/property brokers?
whether the developer is offering any discounts for group bookings?
has the group ever met?
have they talked to the builder?
I tried to reach one of their representatives and enquire about this project and I got the following response:
==========================================
Thank you for your interest and consideration of Kolte Patil ‘MIRABILIS’ project in Horamavu, near Banaswadi flyover. ‘MIRABILIS’ is a flagship luxury residential development, being launched by Kolte Patil Developers in the next 4-5 weeks(April end 2013), is located in Horamavu at a distance of 1.5KM from Outer Ring Road. ‘MIRABILIS’ enjoys and offers excellent location advantage, social infrastructure and connectivity to major IT Parks in and around Outer Ring Road corridor.
We are planning for the pre-launch of ‘MIRABILIS’ at a very attractive and competitive price of Rs.3500-3600 per sft and the management is yet to announce the complete pricing/commercial details pertaining to the project. Hence, would request to grant us time to get back to you with necessary information in complete on ‘MIRABILIS’ project for your consideration.
==========================================
I feel that the price being quoted seems to be on the higher end, if I am not wrong.
Infact, I would request you to include me as well, if you are considering for group bookings … 🙂 !
Hello All,
Please inform what is the group booking rate… isnt the price on higher side .
what is the water supply situation for this project . I heard there was problem with snakes in this area sometime back…. does any one have any update on it
Horamavu under snake attack
http://articles.timesofindia.indiatimes.com/2011-05-18/bangalore/29555514_1_snakes-russel-viper-vacant-sites
Hi I am interested, add me for any group booking abhijeet.bhattacharya@gmail.com
I feel the location is good and accessible to ORR and Hebbal.
Please add me to the group booking sriramvks@gmail.com. Maybe we all can co-ordinate and go to the builder as group and negotiate.
Thanks
Sriram
I saw the location over the weekend and it is good considering lot of homes which have come up already. the price is 3500 to 3600 as per kolte patil executives. add me to the group booking r.mahapatra72@gmail.com
Please count me for group booking my email ID vasanth.ksm@gmail.com
I could not locate the place. I took left infront of the BBMP office and tried to find the location near the lake which is completely dry.
I am interested in group booking.My mail id vaishebab@gmail.com
Would like to join srivasanthrajan@hotmail.com
Please add me to group santhosh443@gmail.com
Purely as per my Knowledge, to Add Up, the Connecting Road to the Site from Outer Ring Road is Congested & Poorly maintained. There are no good Restaurants, Reputed Schools, Well Maintained Parks etc nearby Unless you choose to go to Outer Ring Road or the other side ie HBR Layout, HRBR Layout, Kalyan Nagar, Banaswadi etc.
agreed
I am also interested inthis project. Please add me also in the list ch_sateeshk@yahoo.com
I will also be interested in booking. my mail id is raj_in03@yahoo.com
Pls add my mail id for group booking.
please add me for group booking.. ss2neeraj@gmail.com
There are multiple connecting points to the location.
From ring road via Hennur Road, From Ring road via Horamavu Main road, From Ramamurthy nagar, TC Palya raod, Babusapalya road.
Location is on a 60 ft road which can get wider. Horamavu Main road is 60ft +.
Restaurants- Baghini, Jamiaca, Tamarind and many more in the vicinity of 3-4 kms.
Schools – Vibgyor is less than 2 kms, there is Royal Concorde, Presidency in Kasturi Nagar, Vincent Palloti, Chaitanya etc. to name a few good ones.
Parks – No parks nearbuy but there is a Park that BBMP is planning or working on near the Horamavu Agara Lake. One good rain will revive the lake.
Price – There are Villas by SLS priced at 1.5cr +. Current land rate ranges from 2500-3500 in the area (B-Khatha no approvals).
HRBR is ranges from 8K to 13K BDA depending on where you are looking. Current Apartment prices are around 3400- 3700 for local builders where Sycon and Sethna and Canopy and Skyline are much higher. Much better location than Keerthi Chalet.
I find the price to be good for a builder like Ranka and Developer like Kolte.
Just my 5 cents…
Hi,
I am waiting for this project, but one of sale manager told me it will be 3400-3500 but now some one told me management has taken decision to launch at Rs.3600/sft. is it worth investing in this property?
Whats the current price going on. When is their project completion ? I’ll be visiting their site this weekend.
As we are looking for bulk booking, seems like it will be a viable option.
Hi ,
I am interested in bulk booking please contact me on Madhav.banglr@gmail.com
Madhav
please add me people if you are going for bulk booking. iamsaketin@yahoo.co.in
Please add me to the list for bulk booking as well (ankitaagarwal83@gmail.com).
Anyone has any idea what price range can we expect with bulk booking option?
Thanks,
Ankita
pls count me in munikrishna.boga@gmail.com if bulk booking possible
We have already formed a group for group discounts and any one who wants to join please do let me no the more the better l, please email me on rahul_200060@yahoo.co.in with your contact info so that we can discuss and i can add you in the group thanks
I am also interested. Please count me dvsatishkumar@gmail.com as well for bulk booking option.
Count me in also for bulk Booking ..yogenders@gmail.com
When are they announcing the prelaunch? add me as well
we are also looking for bulk booking, kindly contact writetovinod@gmail.com
.I am also looking for bulk booking, kindly contact writesuni@yahoo.com
I feel Price is HIGH for this Locality
I also feel that pre-launch price is on the higher side, given the locality. In addition, I am not sure how delayed this project will get. I am saying this because the work in their Raaga project is currently stopped/delayed due to quarry related issues & they are not able to sell enough apartments there. That also seems to be the reason that they are launching this project sooner than the time line given by one of their representatives earlier.
Kolte Patil Raaga has dispute on the Land which the developers has won the case but since there is issue with respect to 1 minor landlord that is under litigation. That’s why that project getting delayed. This is their first project in Bangalore hence they wanted to put across the best but this litigation made them in soup. For the area of Marbilis 3200 p/sqft will be the optimum price that too not in pre-launch. Pre-launch should be some attractive bid.
If Price is around Rs3000-3100 per Sq Ft, It would be a Good Bet, anything above is not worth it for this B Khata Locality of Bangalore.
Heard that the pricing is going to be Rs. 3500/Sq. Ft. Is it a good investment at that price? The road to the project is good as I went there recently. The only bottleneck seems to be the railway track but the proposed underpass should come by the time the project gets completed.
KRUPAHARAN,
I M INTERESTED IN THIS PROJECT.
WHERE DID YOU GET THESE DETAILS FROM ?
yea even i got the same info if thats going to be the price not worth it!! land cost @ hormavu is less compared to hennur road / manyatha closeby / hebbal / whitefield . kolte patil guyz marketed for this project for last 4 months and allowing people to book via email and telling all their flats are blocked is a cheap way of marketing . i bet people who would have blocked already never going to turn up for booking if this is going to be the price
plz add me to group vasee.rohan@gmail.com
What’s your recommendation. Should I wait before booking the apartment? I live in south Bangalore and do not know much about this side of the city. I went to the location when I heard about this project and was happy with the location. But didn’t have much idea on what’s the going price in that area.. I checked few projects in the Hennur road, and any decent builder is quoting more than 3800/Sq Ft.. Please share your thoughts.
you can join our group , substantially we r looking at less price , lets give a try if it doesnt work out look for a different project 🙂
baskar … which group you are talking about
what group are you expecting??
Kolte Patil Mirabilis group …. please add me to that group santhosh443@gmail.com
Please add me as well: avibaral@yahoo.com
I really like the layout and the amenities which this executive had told me when i spoke to him.
They seem to have been delaying the launch Intially they told feb, then march and now April end.
nyways liked the layout so would want to book one if available
Let me know if someone has any positive outcome at ankur@ttkprestige.com
KRUPAHARAN,
How to reach to the project site from Outer ring road? Also one criteria to be looked at is the water availability.
Thanks
-Sriram
Sriram
From outer ring road banaswadi flyover you need to lead to hormavu main road , passrailway crossing towards kalkere , next to bbmp office theres a junction , you need to take a left and move another 300 mtrs you will find the location
Look for 13.032123,77.661243 in google map. That’s the site location. The Ramamurty nagar road is connected to the Old Floor Mill Road, which connects to the Hennur Road. The Old Floor Mill road has fly over above the railway track and one can avoid the railway gate in the Horamavu Main raid.
Way to reach the site is to take the Horamavu main road from the ORR, cross the Railway gate, take left near the BBMP Office. Total distance from the ORR Horamavu junction is around 1.5 Kms.
What would be the price of 2BHK @Kolte Patil Mirabilis?
Kolte Patil Utsav Raaga was launched at 2900 i feel.
Isn’t Raaga way inside from the ORR road? I feel, this location is much better than the project Raaga given the access to KR Puram, Old Madras Road, etc. Even Manyata back gate entry is less than 8 Kms if I am right. Any thoughts?
Hello,
I visited the site and checked the floor plans looks good to me, Further the price is not out as of yet but i am planning to buy an apartment considering its only 1.5 km from ORR planning for a group booking any one interested in join me please let me know and email me on rahul_200060@yahoo.co.in and we shall try to get the best possible discount
Hi Rahul,
Where did you get the floor plans from?
Thanks Harsha for posting this .. Guyz any reviews for this builder in bangalore raaga project ? i heard its getting delayed due to land owner’s legal heirs made an issue.
Though i visited the site , looks ok for me as it has easy access from ORR & hennur main road
Anyone reviews & if interested for group buying here’s my email : baskar.rajendran@gmail.com
I have seen their Shubha project near Bannerghatta road and it’s good. I live near this one. I have also seen the one near Koramangla and it looks impressive from outside but haven’t seen it from inside.
https://plus.google.com/101305995589674929041/photos?hl=en