Type
Apartments
Options
2 & 3 BHK, 120 Apartments on 1.5 acres
Location
Behind Kamath Yatri Nivas, Hoodi – Graphite India Road
Price
3499/- per sft as of last week of March 2013
Possession
2014
Builder
Dwarakamai Housing
-Requested by “sandy”
Apartments
2 & 3 BHK, 120 Apartments on 1.5 acres
Behind Kamath Yatri Nivas, Hoodi – Graphite India Road
3499/- per sft as of last week of March 2013
2014
Dwarakamai Housing
-Requested by “sandy”
Hi Yesterday I visited to site, I like the site and flat, but after reading the reviews from this site I am now confused.
Could some please help me to understand whether the issue with land owner and builder is still persist or it is resolved?
I heard from some one that issues with landowner is resolved and association is formed.
Association is not formed because it cannot be done unless Block-B is complete.. and that will not happen until the issue between builder and land-owner is resolved. Hope this helps.
Hello unojaz, is it advisable to purchase this falt now? Or will it have any problem. Kindly advise
Hello Unojaz,
Is it advisable to buy resale flat in Dwarakamai Olive apartment now ?
issues with builder and land owner still exist ?
Can you share your inputs on it ?
as i was vistited and enquired to purchase the flat with the builder after enquiry i came to know that there was some problem persists still going on , pls suggest wheathe to proceed or not
Hi All
We are planning to book a flat in this project. But builder is not giving any commitment on OC. So do anybody have any idea about getting OC? Building is 10% deviated from plan according to marketing people.
regards
ya he is not giving any assurance on OC. still I am going head.
@pradeep
WAIT.
Please go through following article before you finalize anything. You still have time before you start repenting on your decision.
http://bangalore.citizenmatters.in/articles/be-careful-while-buying-an-under-construction-property
Hi Pradeep,
what is the flat no you are looking for? My friends are telling without OC we cannot sell the flat in future, if any urgency come.
There are lots of information in the net about the consequences of not having oc.
regards
Right said by manjushree “WAIT”….. But I would say never buy it.
Don’t by anything unless the builder agree to mention OC-CC point @ sale agreement…..
Basically the builder hesitation displays his intention to deviate….
It’s better to buy a costlier apartment than to through away all money with the cheaper one is bought…
Be cautious guys…. Don’t buy from these builders and promote on their ill intentions….
OC is a MUST ..if builder is not mentioning in sale agreemtn..pls drop the project
it clearly shows builders intention to deviate..
ya u r right. but i dont have a plan of selling it in near future. I heard most of the builders are deviating more than 5% ie) not giving OC except big builders. but I am agreeing with vinay too. If u r financially sound go for flat which is high price and who is providing OC. I am looking for flar 216. Any info let me know.
@ Pradeep… no one can predict their future & the plan made for it.
The whole idea is whether or not you sell it… legally it has to be proper.
recently BBMP has announced that they wont be providing the basic necessity to the apartments which miss OC-CC i.e. not as per the sanctioned plan.
From Google Baba:-
“What is wrong about occupying a building without an OC?
No Occupancy Certificate means that the building has not been given a “Pass Certificate”. This means that it does not have all the mandatory infrastructure/ clearances that make the building inhabitable. It is like you saying you have completed your degree but you do not have a Degree Certificate to show for it.
Apart from the structure of the building being complete, some of the requirements for OC to be issued are:
Built as per the sanctioned plan – including plinth, setback, height, FAR. Facilities like club house, party hall, etc. need to be in the sanctioned plan. Deviation till 5% may be allowed.
Fire Department clearance
Electrical Inspectorate Certificate, including lifts
Waste Management area and on-site composting facility
Sewage Treatment Plant of adequate capacity and treatment to standard, certified by the Pollution Control Board
Rain water harvesting
Airports Authority clearance (if within the range of an airport).
The law states that it is illegal for a building without OC to be occupied. There are several reasons for this, including:
The building is not as per the sanctioned plan, has illegal unsanctioned floors/ walls/ extensions
The building is not safe to inhabit because of quality of construction, safety of stairs/ lifts, electrical safety, fire safety, airline safety, etc.
The building is not capable of fulfilling its mandatory role in managing its waste, sewage, water.
Without OC, the building is technically unfit for occupation and hence in the event that any accident takes place, the occupants / users of the building can hold no one liable and would not be eligible for any insurance or compensation claims. Water, sanitary and electricity connections, if already obtained, are liable to get disconnected. Presently, OC is not mandatory for registering the sale of flats in Bangalore. However, the khata for the flat will not be issued unless the building has the OC. The flat also cannot be sold without the OC.”
didnt get your last point : I am looking for flar 216. Any info let me know. ?
Hi,
We are looking for 116. Bit worried to go for without oc. I request to all the previous buyers of this project to share their views, any talk with builder when you have booked it about getting oc.
If possible, looking for the feed back from existing buyers.
This will help to a lot to decide.
regards
Any info about the current negotiated rate for this?
Ya madam bt project is very gud ryt I think they ( o.c & c.c) its very gud project
I heard the same from some of my friends few weeks ago. I did not really pay attention at that time. I will call him and check him for any additional details and post here.
Thanks, Prasad
Please share your mobile numbers.
Request to send your e-mail to enable me to discuss on the said issue.
I am not sure if there is any property dispute related to block ‘B’. But I was told that there is a property dispute on a portion of block A. This would be North-west portion of the block.
About three of months back that portion was not at all constructed and Srikant said there is a property dispute going on. About a month back he said it has got settled and I saw that they have begun further construction. I am not sure if they have again stopped work.
Block ‘B’ I am told is delayed because of some changes that the original owner of the plot wanted. All these are based on information from the marketing guys of dwarakamai. Does anyone have other independent source of information?
Hi Prasad.. do you have any update regarding any ongoing dispute wrt this project? If yes, could you please share? Have booked an apartment in A blick. Appreciate any info..
Thanks!
Aurie
Hi,
My number is +91-9740323049. Please add my number and my e-mail id to discuss further. My flat No. is 217.
Regards.
Hi SriRam,
Pls subscribe to https://groups.google.com/forum/?hl=en-GB&fromgroups#!forum/olive-dwarakamai and add your details in the contact sheet. You can get the details of other buyers from the sheet.
Thanks,
Sathish.
Hi
My no:+919840499957 and flat no:202 , Pl loop me in further discussion.
All,
Can anyone share me Hemadiri No…..???
Does any one knows the current status of the construction.
I feel gap left from boundary wall is lesss….Any comments ?
am Planning to take flat. Do you have any update regarding any ongoing dispute wrt this project?
Hi all,
I tried to contact all the members who booked the flat in the Block “A” of Dwarakamai Olive Project. Let us finalise some date where we can discuss with the builder directly about the status of the project not about each flat. As per information, it was understood that, the builder had promised to sort the entire issues latest by end of March-2014 and resume entire construction by 1st April-2014. But nothing positive had happened on the said issue. I request one and all to spend some time and finalise on some date where we can discuss on the entire project.
Hi All
We are planning to book a flat in this project. But builder is not giving any commitment on OC. So do you have any idea about getting OC? Building is 10% deviated from plan according to marketing people.
regards
There seems to be a property dispute on this project. Another party has been laying claim on part of the land which has been left unconstructed from a long time. Is anyone of you aware of this situation and is there any update because the Developer has not been very clear on this aspect and his team members are also not giving any proper response.
Are you talking about the area meant for B Block , since the construction there is not in progress ??
We did get to know from srikanth that there is some technical issue since quite a few months and hence the construction was stalled. Beyond this there is no other info or clarity on the issue. As on date there is not any progress on the other side of the A block.
Would like to hear from others if they know of any status on the issue.
Whats the current price and availability? Can someone publish the same? Im interested…
All,
Did anybody the latest booking count …….?
I’m planning to book
I took a quick look last Friday. It was about 20 @ 3650.
I’m planning to book.
can you mail me on revanthec at gmail , if your planning to book !
All,
Did anybody the latest booking count …….?
Only few flats(around 10) are available…
Yesterday I checked. Around 20 is left based on the print out that they have.
Hi Friends,
Did any of you get the parking and electrical plan from the builder ? Now that the basement and 1st slit has come up, srikant should be having the approved plans in place. I have asked for the same several times but have not them yet. Does this ring a bell ?
Cheers
Hi, I am also interested in this property and planning to book a flat,please let me know your experiences and also if any one has visited bulider’s earlier project “Sreeshore Icon”,please share your valuable feedback.
Hi, I am also interested in this project but I have one concern. From discussion threads of projects in whitefield area, I have seen that availability of water is a major concern. People say the IT parks nearby use tanker water extensively because there is no supply of kaveri water and all. How much will this impact residents of this project in the future? If anyone can throw some light regarding this, it would be helpful.
Hi Jithin,
We stay in the near by appts ,and we are also extensively dependent on borewells and tank water.I dont see that as a very big issue may be because we are used to it 🙂 .Location wise, i think it is the best !!!
Thank for your reply. I am planning to visit the site this weekend. When I checked the availability, only flats starting with digit 1 are available. Does this mean only ground floor flats are available?
No, it means 1st flr flats are available.
Hi Satish,
You can contact hari @ 9845725083.
Deepti
Flats starting digit 1 means 1 st floor..
Like ground floor will start from 001,002
First will be from 101,102..
Since the parking is in ground floor and no concept of basement parking…ground floor means 1 st and 1 st floor means 2nd..
Hi Sathish, Deepti, thanks for the reply. I am wondering why many first floor apartments are still available while not even a single one from floors above are available(pardon me for such silly doubts since I am a first time buyer!).
Any idea how much the builder is quoting the rate psqft now? (As per some real estate website, the area has undergone slight depreciation in the rate.)
Hi Jithin,
No clue on why the 1st floor ones are remaining..but i myself bought a 1st floor 3 BHK…Rate should be around 3550 – 3600 Sqft, not very sure though.
Since we are staying in this area for almost 6 years now, i have only seen the appreciation here with most of the malls ,schools coming near by.
Also we have no plans to sell off the flat in near future not really bothered about the appreciation / depreciation at the moment..
Looking at the prices that other builders are quoting for the same location, it made some sense for us to pick this out..
I visited the site today. From seeing the model flat, it seems they are giving all the standard features that mid-level builder is giving but what I was not fully convinced was the open space. The outer wall is very much close to the building perimeter, so I don’t know how the much wide the jogging track will be. The car parking looks a bit congested. On the positive side, the location seems to be really good, just 250 meters from main road and about 1km from hoodi junction. AC plug points are not there in bedroom and these come under extra fittings(one may not need AC in bangalore except during peak summer, so its a personal choice). Their price sheet shows 3649/- but i think it is negotiable during booking. Has anyone who booked checked the construction material quality and all?
We also had been to the site…and have one small concern same as yours about the parking. We got the agreement done on 27/07/2013. Location is a major advantage here and the pricing is very competitive. About the construction material and quality it seems to be ok…we have been staying in this area from the past 6yrs…and theres hardly anytime of the year when we felt the need of AC. Given the location,proximity to the whitefield and ITPL and almost 5 malls in the surroundings and now that metro line will pass through the main road near Kamat we feel we have taken right decision(even lots of schools are nearby).
Yes, even i wanted to know if anybody has seen their old project !! Especially if any seepage problems exist ?
Also FYI, got the legal papers verified with an advocate and all approvals that are needed are in place ..so crossing fingers..hoping for the best !!!
Hi,
We visited their earlier project. it was also under construction. so its so early to comment on quality, seepage etc.
thanks.
Hi Sathish,
Please let me know when you visited their earlier project because on the website of their earlier project I found some photographs and it seems now the building is ready, you can also see the same under the link:
http://www.sreeshore.com/html/gallery.html
Anyways, I am planning to visit sree shore icon this weekend, so let see what I get there.
Also, one more point of I am concerned is that if you see sree shore icon website , it shows it is built by Sree Shore Developers, however the Olive is being built by Dwarkamai housing projects ltd. so now i am in confusion whether the builder has changed the name or they are different builders?
Rahul,
Its the same developers but they have changed the name from sree shore to dwarkamai..This was what marketing guy had told..
Hi Rahul,
When we raised this query with the marketing manager Hemadri at the site(model flat) he told us that they have changed the name to Dwarakamayi and that Olive is their second project. Since the legal verification is also done and is clear I feel there no much of risk. Hemadri(marketing manager) also told us that SBI has approved loan for one of the buyers here. Waiting for another confirmation from Satish..If its cleared from SBI no worries..
Hi ,
I rechecked with SBI branch at OMR and they have confirmed that the project is approved by SBI and also that SBI only approves properties with A khata..
Preethi,
The A-Khata you are mentioning is for the land. But the question is once the apartment is completed and if it has deviation would the builder get OC and A-Khata for the apartment?
SBI approves loans for on-construction apartments, with the necessary documents in place. But once you take possession of a completed apartment, and if you dont have OC on account of deviations by the builder, the same SBI will not provide loan for re-sale. For that matter only some private banks will give loan in that case.
I feel the builder can still do something about the OC, but I am not sure.
Thanks
Hi Rahul,
We visited that project almost a month back. The fotos shown in the site are their model flat. Icon’s expected completion is Oct 13. .
Regarding the name, he is the same developer and the company name has changed. just check the MD name in shree shore site.
Thanks.
Hi Deepti,
Can you add Hari’s number in our contact sheet. Want to discuss abt the missing window in master bed room..
When we met him at the site last week he said he will talk to hemadri about it. you guys talked to him?
Thanks,
Sathish.
All those who have booked an apartment in dwarkamai, please share your experiences..lets keep this forum active, so that we are all well versed with the latest happenings out there…
Thanks
Sure deepti…..we also hav booked a 2bhk there…hope it turns out to be good decision….
Hi ,
We booked a 3 BHK in dwarkamai…
I would like to know if any one has done legal verification of the documents yet ?
Any feedback pls ?
Thanks
Yes. Legal verification is done and loan processing with sbi is going on.
Hi, we too booked a 3 bhk. Legal verification is done. Loan processing with sbi is going on.
Thanks satish..
we are also awaiting for the legal document verification, which is with the lawyer at the moment..
Keep us posted once SBI loan is approved since we are also planning for SBI
Hi Satish,
Is your loan sanctioned? Whats the status with SBI? Please let us know as we are also going ahead with SBI for the loan…
Thanks,
Hi,
Its sill under processing. went to church street SBI branch for identity verification. when inquired the SBI manager, she informed us that it will take around 15-20 days for loan sanctioning. I will update you once its approved.
Hi,
Thanks…please keep us informed…we are planning to go ahead with SBI…if SBI has alredy approved loan for one apartment I dnt think it vl b difficult for the others….
Hi, can you please update us on the status of the loan…has it been sanctioned or still under process? Thanks
Still under process 🙁 Got a sms from SBI 2 weeks back that the loan request is received and its under process.
Will give an update once its approved.
Hi Satish,
please can you share your phone number or mail id to my email id:
Got a sms from SBI today – “the loan is sanctioned” 🙂
Hey Congrats!!!!! So v also might get the loan sanctioned….can u tell us which branch of SBI approved the loan? And can u also let us know the apt no u have booked..Thanks…congrats once again…
Thanks.Church street SBI branch (Went thru the SBI agent recommended by dwarakamai). Apt – 209.
All,
My loan too sanctioned in SBI, Today i got sms from SBI, states
“Your H.L proposal has been sanctioned on 16/08 officer concerned will contact you for the formalities”
Guys,
There is one problem with this builder, which we came to know recently. The building has deviations from the approved plan and because of this he does not promise any khata or occupational certificate for the apartment. As far as I know most of reputed builders around this area in the same price range, give OC. Without OC the apartment is technically an illegal construction. So my suggestion would be to get some kind of answer from the Builder regarding OC before you go ahead and approve further disbursal from your or bank side.
loan approved long time back HDFC.
One of my friend has got the approval of SBI as well. The SBI agent contacted me and was saying the same too. This is good news.
Hi, Can u pls mail me ur number? looking to book a flat in Olive.
Hi, I booked a flat at olive ( Dwarakamai housing pvt ) . Wanted to stay tuned to any info regarding the concerned . Will be happy to share from my side too. Thanks
hi,
I have you verified the documents , is everything clear ?. Is ur loan processed and in which bank.. I am planning to book.
agreement on monday then loan will be processed…. HDFC.. bank … wats ur status !!??…
I am planning to visit the site saturday, anybody would lik to join?
I will join abhineet.. Let me timings..
give me your number pls
my cell : 9880313302. I will be visiting bet 11-12 AM..
I have also booked. I am trying to form a google group for people who have booked in Olive, just to maintain contact and share experiences.
https://groups.google.com/forum/?hl=en-GB&fromgroups#!forum/olive-dwarakamai
Hi,
Paid booking amount for flat#114 and my friend for flat#213 last month.
Thanks
Hi
Can i have your contact number ?
Thanks,
Rukesh
Hi JR,
I had visited to Olive recently and they informed me that Flat no. 114 and 213 are available. Have you cancelled your bookings. Any reason for the same. Hope all the documents for the property is alrite.
Regards,
Kumar.
Hi I have checked and it was told to us that 213 is available…planning to book please let me know if ur friend has cancelled the booking….it would be of gr8 help…
Hi, Please let me know if someone has already booked 213. We had gone on 30july2013 and it was available. We have booked the same nw..please let us know if anyone has already booked it and cancelled ….thanks
Hi, we cancelled the bookings (114 and 213) a month ago.
any particular reason for cancellation, it would be helpful for me to decide
Thanks..
y did u cancel 114 watz the reason behind this??? plese update me
Looking for more info on the builder
I have booked a flat here. I am looking for some feedback from people, before I confirm my booking.
I think it is slightly over priced.. The last time I checked they were quoting 3500. The common area is not big compared to other builders with 100 or so flats. But it is price as much as theirs.
Hi,
Has anyone booked a property here ? Please let me know.
-Ash
Hello Harsha,
Could you please share some info on this builder, previous projects and concerns,if any?
Thanks.
Please share more details and reviews on this builder. Thanks.
How is the builder? Has he completed any projects in Bangalore? Is he taking just a year to complete the project and give possession.
Anyone who has booked please clarify the above if you are aware.
Hello friends,
I am in the same situation as most of you. I have to confirm my booking. Any feedback is most welcome!
Looking forward to hearing from you !
Thanks
i have booked a flat looking at location and compititive price… builder is new to line. But hope he would do good to show case it for future projects marketing..