After Skylark Arcadia Phase 1 & 2, Skylark Group is all set to launch their new apartment project located Skylark Ithaca adjacent to Skylark Arcadia villas. Skylark Ithaca set on 22 acres of land will offer apartments in 1, 2 & 3 BHK configurations. Expected possession of the project is in 42 months from launch.
Skylark Ithaca Options
1BHK – 529 sq ft. & 612 sq ft. @ 20L Onwards [Basic price]
2BHK – 999 sq ft. & 1048 sq ft. @ 38L Onwards [Basic price]
3BHK – 1471 sq ft. & 1595 sq ft. @ 56L Onwards [Basic price]
Skylark Ithaca Location
On Devasandra – Sadarmangala Road. Adjacent to Skylark Arcadia.
3Kms from Hoodi Circle
3.5Kms from Old Madras Road
3Kms from SaiBaba Ashram in Whitefield
[iframe width=”600″ height=”350″ src=”https://maps.google.co.in/maps?q=13.008028,77.734212&num=1&t=h&ie=UTF8&ll=13.001463,77.716856&spn=0.029271,0.051498&z=14&output=embed”] View Larger MapSkylark Ithaca Price
Price: Rs.3800/sqft. in the No PRE-EMI offer
or Rs. 3500/- in the regular offer
Rates applicable during pre-launch as of 3rd June 2013.
[suffusion-widgets id=3]Skylark Ithaca Concerns
- Heavy traffic is expected near the railway crossing as this is the only crossing between KR Puram Cable Bridge and Kadugodi Flyover which connects Old Madras Road and ITPL Road, which can be an issue in future
Skylark Ithaca Investment Plus Points
- Upcoming Railway Overbridge between Sadarmangala/Ayyappa Nagar and Hoodi will boost connectivity to ITPL/EPIP areas which are about 5 kms
- Upcoming locality with Skylark Arcadia phase 1 and 2, Zonasha Retreat and other plotted and apartment projects nearby, surrounding areas come under BDA limits which has improved roads
- Cauvery Water supply has reached Kodigehalli and could be extended to this project in future
Take the poll – Is Skylark Ithaca a good investment?
[polldaddy poll=7148931]
I have booked a unit in Tower 12 (Phase 2). Can anybody let me know if there is any existing google group, FB or whatsapp group and whom should I request to join ?
Hi,
I have booked a unit in Tower 12 (Phase 2). Could you please let me know if there is any google group, FB or Whatsapp group available and how to join?
Thanks,
Kamalesh
Hi Kamlesh
You can request here https://www.facebook.com/groups/skylarkithacabuyers/
i am looking for a 3 bhk in the phase 1.. let me know if some one is interested in selling. My mail id is : vikasguptajp@hotmail.com. please quote the price as well.
Hi Vikas
I have 3bhk 1484 to sale in Phase 1, Please let me know if you are looking to buy.
I am Interested to buy 2.5 bhk,let me know if any seller. you can drop me an email at amit.umrikar@gmail.com.
We have a 2.5 bhk for resale in Skylark Ithaca. Kindly contact arunv750@gmail.com for further details.
I have a 2.5 bhk in tower 9 8th floor (T9 – 803). Loan is taken from SBI. If interested in buying this property please drop me a mail at nkswain2003@yahoo.com.
Excellent commentary , I am thankful for the details , Does someone know where I would be able to obtain a sample IRS 1040 – Schedule C document to fill out ?
Intrested to buy 2 / 2.5 bhk…please let me know if there is any seller. Please drop me an email at
ranjan.rabi@gmail.com
I have a 2.5 bhk in tower 9 8th floor (T9 – 803). Loan is taken from SBI. If interested in buying this property please drop me a mail at nkswain2003@yahoo.com.
I have a 2 bhk 1011 sq ft in tower 11, 17th floor (T11-1704). Loan is taken from SBI. If interested in buying this property please drop me a email at suman_kal@rediffmail.com
I am interested to sell my 2bhk, size – 1059 sqrt. please contact me alankar74@hotmail.com
Don’t buy property now. Real estate prices are set to crash.
http://economictimes.indiatimes.com/wealth/real-estate/housing-prices-to-drop-up-to-30-wiping-rs-8-lakh-crore-in-value/articleshow/55601210.cms
Those who have invested in Real Estate must exist before everyone else jumps in.
You are correct. There is a prediction of 30% drop in real estate prices in 6-9 months.Those who had not taken apartments it’s better to wait for some more time.
Real estate will fall by 30 to 40%. Yes there will be correction. But no one is talking of fall in jobs. Where is real estate if there is not jobs available in the market. How will new job creation happen.
The cascading effect will begin with the unorganized sector and then get on to the organized sector. Once it hits the organized sector the apartment prices will also fall drastically and majorly in the secondary market, primary market will stop selling, construction may go to a halt. Next year will be key. I hope I am wrong.
San
Already we are at huge loss.we will hold till market recover.noother way.banks dont cut rates also.they take buyers for granted.not good to invest in re for 10 years. When rental equals fd rate again it will appear good.long way to go for it
Every magazine/portal job is to write articles but it is upto readers to apply discretion.I am an early buyer and so my response might seem biased.But try to see this in neutral light.
1.I know nearly 300 people who have brought properties in Skylark Ithaca.All of them are salaried class with bank loans..The builder takes payments through cheque or online payment and its deposited in Escrow account.So not much black money transactions involved.
2.The project was launched at 3500 per sq ft.The rate is still in 4100-4200 range.So not much appreciation that prices will drop 30% to 3000 per sq ft level.The prices of Ithaca will remain steady.
3.The reason for point 2 is that most buyers are first time buyers for their own residence.Those who invested cannot exit due to no price appreciation ( the money would have earned them more profit had it been deposited as FD).So better option is to rent out the property than to sell at a loss.
The real estate prices will drop for properties funded by black money,there are many such projects in bangalore.If you want to deal with such builders anyway,you can get it cheap now.but with no gurantee or warranty.
Same speculation was there during recession in 2008 , the prices did not see a fall also demonetization has resulted in a huge influx of funds into banks and SBI has already reduced deposit rates by 1.5% which should translate into further reduction in home loan rates which is expected to touch 7% in a year as per economic times , also the tax collected due to demonitization would result in the gov giving breather to tax payers , the demand in the range on 50 lakhs to 1 cr would grow and investing now would be a good good bet.
Hi Anand,
Sorry. But need to correct you. From 2008 June to 2009 Oct , there was indeed correction in price. I myself purchase 2 property during the period for much lesser price one can think of. I will ask you to see following timeline:
in next 3-5 months resale will take nosedive
as a result of which even primary market will be affected;though with real estate regulation bill and upcoming (big) cut in interest rate will get more people to scene but then builder/investor need to sell some units soon to get start with projects.. So waiting for next 6 month will be wiser for everyone– you may get property chepaer, for sure real estate bill will save you and low interest rate.. Believe me there isenough property and nothing is getting over
Property rates will surely correct or go lower.
My point is Ithaca won t be affected because the price isn’t high.Builder anyway is struggling to sell balance units and hasnt reduced rates ( nor has the rate appreciated).
I have close friends who are in the construction industry and according to them,the least cost for construction is in the range of 2000-2500 rs per sq ft.Adding land cost and profit,rs 4000 per sq ft isnt high or over priced.Below that it will be loss.
Properties like Sobha which was launched at 3000 and now at 7000 etc will see no buyers,but Skylark will not correct further.
..and add to Saurabh’s comments:
A lot of H1Bs in US are going to be impacted because of immigration policy changes by Trump Government. So, many H1Bs who are waiting for their PR and routing money to India for Real Estate investments are going to either default on their loans or put the property up for sale at a steep discount. Moreover, many builders who relay on NRIs for “seed funding” are going to be impacted big time. They often use NRI funding to start the project and loot local customers thereafter. Come February, all these will be gone.
Big layoff is coming for sales and marketing teams of many established builders. Anand Sinha, if you want I can forward your resume for a BPO job.
Hi Saurabh ,
Not sure of your purchases , but i have been investing since years and there was no drastic drop in prices during the period stated by you , also you need to understand that the Gov would take corrective measures or provide help to boost demand in the sector as real estate contributes a very large bit to the economy and is the 2nd highest job provider after IT .In fact already Gov has allowed 90 % of PF withdrawal for home purchases which is also a significant step in boosting the sector, also banks have contributed significantly in dropping interest rates .
Anand Sinha,
If you are sales guy, run for your life. You will not get your salary from this month onward for these “services”. Apply in a BPO .. at least, companies are still recruiting. Don’t waste your time here.
I want to sell my 2 BHK (1011 sq. Ft) apartment in Skylark Ithaca – T2 which i booked in normal scheme in early 2014. Its east facing flat. Its a 13th floor pool facing with long views. Any interested buyers can mail me phani.iipm@gmail(dot)com
Hi phani,
I am interested in this 2bhk, can you please let me know the best price?
If you provide me your contact number we can discuss further
I am interested at 3400 per sqft price. Let me know if you are willing to sell. In next fee months it may go down below 3k.
Genuine buyer
I want to sell my 1BHK apartment in Skylark Ithaca – T4 which i bought in normal scheme more than a year back. Its an ground floor pool facing one. Any interested buyers can mail me srikanthms@outlook.com
We have a North-East Facing 3 BHK 1484 sqft pool facing unit. Interested buyers can drop in their contact @ prakhark83@gmail.com.
At a much lesser price than the builder is quoting. There is no unit available with the builder in that orientation.
Came to know, T1, T2 doesnt has clearance for all floors from fire department, because of close proximity with Arcadia villas. Might need to shelve top floors..
What is the source of this information? Does builder get Commencement Certificate to start construction before this approval is received?
12.08.2013 – State Environment Impact Assessment Authority
https://www.google.co.in/url?sa=t&source=web&rct=j&url=http://seiaa.kar.nic.in/Construction/con%2520%2520ec%2520issued%2520datewise/con-2013/2013/5%2520COn%25202013%2520Skylark%2520Ithaca.pdf&ved=0ahUKEwj5rum7iMjMAhWFB44KHS9pDIE4ChAWCDMwBQ&usg=AFQjCNFU64MPE4BHONOyDbpy_KgbP0Xi-w&sig2=NoJpFkc3NFTygXf8btDHAQ
Can you please share the source/link to such a news. There is no truth in this news, and merely a misguidance. Whatever clearance had to come for the project to progress, had already came in 2014 and all such NOCs are part of the BDA Approval.
Only change that was shared on facebook page and is being presented in a distorted manner is that some of the UNSOLD Penthouses(18th and 19th floor) has been converted into normal apartments as there is less stock of apartments left, while the penthouses where moving slow. There is no other change in the building plan in terms of height or number of towers. Its all approved and in progress.
For any such misguiding news drop in your query to the messagebox @ FACEBOOK.COM/skyithaca, it will be addressed.
Hi Guys,
This is regarding latest progress report of the Slides sent by the builder to all its customer. Just want to bring to u r notice about Tower-T9 & T-10; the progress is same for last 2-3 months. Almost it is not moving forward. It is at the Ground Slab Level.
I have released so much money , even though I have booked my flat on 10th floor in T-9 tower.
It is going to be almost 2 years since I booked the flat; No substantial progress has been done for T9, T-10 tower.
Why it is so ?. I am not going to release any money hence forward unless I see the progress. I request all of you to do the same if u r flat is in T-9, T-10 towers.
Why are they starting Phase-2 without concentrating on the existing towers.
This is a serious issue; You guys are aware that real estate bill has been passed in both the houses of parliament recently and it is exactly related to this mis-adventure of builder.
I have apartment in T7. I had similar query 6 months back and was told that after December work will be fast in my tower and I can see that now. Better call skylark office and ask them about it. I also feel that once in a month all buyers should meet at site to discuss on progress and if needed ask builder to address our issue.
Intrested to buy 3bhk…please let me know if there is any seller. Please drop me an email at todear_vk@rediffmail.com
Gents/Ladies
Was browsing for some data for Investing in Skylark Phase 2, which they have launched recently
Got to know about this News . Hope It helps others. Let me know if any update on this.
Sebi bars Skylark Land Developers and Infrastructure India from raising money from public
http://articles.economictimes.indiatimes.com/2014-12-15/news/57072295_1_collective-investment-scheme-fresh-moneys-money-pooling-activity
Sebi imposes Rs 5 crore fine on Skylark Land, directors
http://www.financialexpress.com/article/industry/companies/sebi-imposes-rs-5-crore-fine-on-skylark-land-directors/199160/
Venkat S K
+971558397900
I checked the news item – it doesnt seem related to Skylark Team that we are dealing with which is headed by Saleem Sheriff. Also their logo is different.
I want to sell my 2bhk in T1 tower. Interested genuine buyers please drop mail or number in comment. Price is negotiable.
I am interested. Pl let me know the price.
Whats your contact number/Mail id ?
I am planning to give 200/psqt discounted price compared to builder.
Hi Ravi,
I assume you are selling before possession. Can you please let me the process of transferring bank loan and sale agreement to the prospective buyer?
Thanks in advance
I have a 2bhk unit (1059 sft) at Tower-11, park facing and I want to sell the unit.Interested buyers can contact me at 9999201638
Do you know there is an android app for Skylark Ithaca?
Mine is normal scheme (Not 80:20) so resale process is simple and generic (as for any other property).
If anybody is interested then we can take help from property agents to do legal process. There is no blockage from Skylark for resale now.
In resale there is benefit because you will pay less compared to directly buying from builder, as well you will pay less service and vat tax.
Hi. I am an interested buyer for self consumption. Can you send me the details on maztees@gmail.com…You may leave your number too and then we can discuss.
Regards
Hi Everyone ,
I have an apartment in T1,10thFloor (Pool facing)East face -2BHK(Phase-I)
The Better deal I can afford to the buyer is the NO pre-emi option and the who ever buy it can have the cooling period until the time of possession.
Interested buyers can contact me at vijaysivadas@yahoo.com
fyi..I am interested in buying 2bhk flat.Please let me know if any one interested to sell
Dear Srinivas
I have a 2BHK unit at Skylark. Pls call me at 9999201638 or send me your contact no
Thanks
subhas
Subhas,
Can you please send me details at beheracts@gmail.com
Hi Srinivas,
I am not able to see your email id. I am a current owner and looking to sell my flat. Could you please reply to me on ghuman.jas@gmail.com so that i can share the details. Jaspreet.
I have a 2 bhk in tower 11 (T11 – 1301) – 1011 sqft east facing. Loan is taken from Icici. If interested in buying this property please drop me a mail at sunilsankpal@gmail.com, willl be giving lesser price than the builder offer.
need a 2BHK here.. may i know the rates they are quoting now
They are quoting now 4283/- now
Hi Mukesh. If you are looking for a flat. you can reach out to me @ 96202 10419 or ghuman.jas@gmail.com. Flat is on 9th floor phase 1, prime view, adjacent to Club house and opposite the swimming pool.
Hi
Jas what are your rates, size and facing direction
Hi Jay,
You can reach out to me at ghuman.jas@gmail.com for further details.
Thanks. Jaspreet
Please contact Akhtar from Skylark Sales team @ 9591974666 for the rates and other details of the project
Looking for immediate transfer of unit T2-601. Interested buyer can contact me at 9620689876. Can offer rate much lower than current.
Dear All,
i am looking for 1BHK in this project, any best price and best offer is highly appreciate
Regards
Biswa
Dear Biswa, this is Kishore..contact me at urkish@gmail.com with your expectation..I have two flats and can sell one
I bought 2 bHk T3 602. Can someone add me to google group or whats app group.
Thanks
Hi Avinash, I’m thinking to bye the flat in skylark, could you please tell me what is the current price per sqrf and any discount price something like please suggest.
I am interested in buying 2BHK (1059 sqft), please let me know if any one is interested to sell.
Hi i would like to sell my own 2bhk T1 Skylark Ithaca on the 15th floor swimming pool view north facing . Same kind pool view apt will cost you approx 60 Lac from builder but i can offer you much cheaper for immediate sale.
Fell free to contact me
M Rahman +91 9902455833
Call me at 82970 13331.
Hi. you can reach out to me @ 96202 10419 or ghuman.jas@gmail.com. Flat is on 9th floor phase 1, prime view, adjacent to Club house and opposite the swimming pool.
Hi Pankaj
I have a 2 BHK (1059 SFT) unit in T-11. This is in 1st floor and park facing. You can contact me at 9999201638
subhas
I am interested in buying 1bhk flat.
Do let me know if somebody is interested in transferring.
contact: saurabhtyagi24@gmail.com
Saurab – Sent an email to your personal id.
Hi,
I want to sell my unit that I had booked in 12th floor and made 20% Payment, I want to sell as i have moved to Delhi and planning to get settled there.
If anyone interested I can sell the unit with marginally lower price than the current price.
Please contact me on 9996821611, if interested.
Thanks,
Kannan
if you can sell at pre-launch price or below..revert back to me. In this down market..this is the best anyone can offer u 🙂
For the last two years you are moving to Delhi and selling your apartment. Nice try to come out of the trap and get someone in the trap.
Unsure of ‘trying to sell for 2 years’ or reasons for selling, but do see for yourself the construction progress – it has been coming up very well!
Not a soothsayer, however this project has a potential of becoming the focal point of development in that area (off Whitefield, off OM road, off KR puram road, off Hoodi circle – basically, off every already developed location) — a landmark in making, perhaps!
PS – I am unrelated to skylark and am not a buyer.
Can anyone provide me contact of some senior person in management. CRM team doesn’t provide response to any query. It seems after selling the don’t care. I am fed up and I have to follow up for getting receipts of the payments done.
i went for registry in skylark esta near hoodi circle bangalore in damlur subregistrar office and i denied to pay the bribe so the skylark has cut my electircity and ask me to give bribe and write apology letter.
my apology letter
————————-
Dear corrupted lawyer,skylark,
Please allow me to apologize for what I was trying to explain about being a true and good indian citizen that you should avoid being giving and taking bribe/cash on 16 april 2015. My behavior was extremely appropriate, mature. It was a inspiration to others not to give bribe.
I learned that everybody appreciated this except you and skylark. In the future,I look forward to learn from you again about how your soul allows/justify to distribute bribe amongst people in subregistrar office and help
in making india the most corrupted country.
Hope one day you will write a book whom people read and follow to become part of most corrupted country created predominantly
by people like u and skylark.
Sincerely,
swapnil
When i go for registration, i will shoot a video and take them to court.
May i know the current price for this property?
Hi All,
I have booked a flat in skylark Ithaca T10-1206 .. Can anybody send any forum or groups which I can discuss something with other buyers
Hi Ajay – I think you made a good decision / choice.
[Fingers crossed] 4 years and this property will be the landmark of the area and this area one of the hotter ones in Bengaluru.
Join owner’s forum here ==> https://groups.google.com/forum/#!forum/skylark-ithaca-owners-forum
Please do not join this group. This group is maintained by the builder himself. There is another group from the real owners.
Dear Mr Vinay,
I am one of the first few members to have booked an apartment in Skylark Ithaca project.Skylark Ithaca Owners Forum is a group that was created by me and I am still the owner/moderator of the group.Neither am I a builder nor do I intend to be one ( i did dream of being a body builder once upon a time..if that is what you intended).
Hence I do not know from where you assumed or presumed that this particular group is maintained by the builder ( for your info,I dont even stay in the same country as the builder).
But yeah,I do not have any intentions to canvass members to the group by making this post..the intention is just to correct the misunderstanding of Mr Vinay
oh is it???
Please share the actual group link you are that sure?
@problemSolver: https://groups.google.com/forum/#!forum/skylark-ithaca-owners-forum
PS –
[1] I have met Rajesh personally (at Skylark Corporate Office & at site when we buyers had gathered to meet Skylark Management) and yes- what he says about the group is true.
[2] I do not have “insider” information about Skylark and have always maintained – If handover is done by 2017 end or 2018 beginning, then ‘No pre EMI’ scheme is a sure shot winner and that normal scheme guys may have a winner depending on their existing investment portfolio / end use intention.
Please invite me to join this . i have taken in 2nd phase 2 bhk.
Hi i have booked a unit in Skylark Ithaca in 10:80:10 scheme which is very attractive scheme and the cash outflow is very less. The current rate is 4,183/sq ft and 4,583/ sq ft in No-Pre Emi
Any queries contact
arunv750@gmail.com
Are you the same verma from the marketing team of skylark?
Vinay, Why do you shoot arrows in air , thinking somehow it will hit the target…but sadly it won’t work …you are going wayward.
There is no on called Verma in Marketing or sales since long…
hi problem solver.
I am one of the channel partner for skylark group, this group doesn’t release payments to us and also we have seen few vendors sitting form morning till evening, if skylark is a such a reputed builder then why cant they release payments on time.
@reena
This is very much in line with what I posted 4 months back:
That Skylark is in financial trouble.
Not sure how @theproblemsolver can solve this payment issue with channel partners, when he himself may not be getting his salary on time.
Do you have any concrete information?
The rate/sft is getting revised to 4283/sft from 1st Feb’15.
Some weird logic isnt it? if you cant deliver on time (and of course can’t sell) then increase the price. theproblemsolver aka agent of skylark why dont you give some information about the possession date?
Guys I have bought a aparment in skylark esta please see and go through the agreement properly, because they have lot of diviations. Specially check on the penalty clause.
@Rao
Any idea, when is the possession for Skylark Esta?
Investors in the project have been waiting for quite some time now. And what happened to the penalty clause of 18% PA interest on paid up capital ?
http://seiaa.kar.nic.in/Construction/con%20%20ec%20issued%20datewise/con-2013/2013/5%20COn%202013%20Skylark%20Ithaca.pdf
M/s. Skylark Mansions Pvt. Ltd., Bangalore have proposed for construction of Skylark Ithaca”
Residential Apartments & Villas on a plot area of 80,127.135 Sqm. The total built up are
a is 2,32,017 Sqm. The proposed project consists of residential apartment includes
15 Towers with 1594 units in B + G + 19UF, Villas with 46 units in G + 1UF and club house
in B + G + 2UF. Total parking space proposed is for 2197 cars. Total water consumption is 1130 KLD (Fresh water + Recycling water). The total wastewater discharge is 905 KLD. It is proposed to construct 2 Sewage Treatment Plants with a capacity of 456 KLD and 450 KLD (Total Capacity: 906 KLD).
The project cost is Rs.175.41 Crores.
san
Wow.. it mentions of only 1594 unit, 15 towers and 46 villas. Whereas what I know of there is no villas and more than 1594 apartment units and more than 15 towers. Does it means approval for villas is being used to construct more apartments? Can any existing owners or someone from skylark builder provide more clarity?
You are right. There will be more towers than approved. Lot of deviations and you will not get OC.
The approval comes from BDA.Please visit the site or talk to Skylark people to get the BDA approval copy and get a clear picture of things around.
In 20 acres, there are 19 towers with 1700 odd apartments. Skylark’s villa community (Skylark Arcadia) is right adjacent to Ithaca which is spread across 30 acres having 207 villas. Its a separate project.
The builder is sticking to the BDA approvals.
According to the BDA letter the approval is only for 15 towers and skylark is making 19 towers and on top of that they are saying that they are sticking to the BDA approvals. But there are still some fools who will buy it even after knowing this.
Mr. Problem Solver is actually problem seller to others……and i am sure that you not check any skylark document ……other than your payment cheque…..so request you to kindly do not let people to trap in skylark…..actually it is SKYSHARK……………for all before booking ask following paper to show you……
BDA APPROVAL NO.
WHICH BANK IS FINANCING THE PROJECT
SBI APPROVAL FOR LOAN ON THIS PROJECT
KHATA A DOCUMENT
L&T AS CONTRACTOR….WITH COMPLETION DATE
LIKE THIS MANY DOCUMENTS SKYLARK WILL NEVER SHOW YOU…..
JUST ASK FINAL COPY OF AGREEMENT….IN ONE YEAR THEY ARE NOT ABLE TO FREEZE AGREEMENT ….WHAT THEY WILL BUILT
Actually SBI approval has come and I talked with SBI bank. They have given list of document which includes recent tax paid receipts but looks like Skylark doesn’t have it. Still they are figuring whom to pay tax BDA or BBMP and this is needed for A Khata. Its messy and confusing. I called skylark few times and waiting for them to revert.
Mr. Prashanth,
Your inputs are very good and also you made my day. This was the most hilarious review I have ever seen in such a forum but sadly it might work in any other industry (especially fashion and glamour) but real estate works on hard facts.
Me n my team have been selling very selected projects across Bangalore and for us transparency and clarity is very important whether it be from a client side or the builder’s and I would say that Skylark has provided me and my team and also my clients all the details which they require. It has been very prompt in replying to my clients (already booked) when they have a problem or some confusion.
Also these comments does not make sense as L&T has already started their work with their full fledged team , and as you all know (which I think you should know ) is L&T works only with complete clear documents and they give a completion date.
SBI has approved our property and let me explain Mr. Prashanth, SBI doesnt give approval to any builder unless they find the property legally cleared in all the aspects.
So, with L&T and SBI on board, gives everybody , enough confidence and its clear that Skylark Ithaca is legally cleared project.
I would also provide you with the UID for the SBI approval and also if you can visit the site , You can see a L&T office and about 60 workers ( im sure they cant fake the office and the workers wearing L&T safety gears 😉
Ban1414997990 is the UID number. (Please type it in the SBI website)
and also this will save your time on replying back and also when you save your time im pretty sure you would be saving mine and everyone’s time . I hope people haven’t wasted their time like mine reading your review and replying to it.
and yes definitely SKYLARK is a SKYSHARK for its competitors in and around their property because of their attractive pricing for a Huge Community pulling customers from various other properties to them but for their CUSTOMERS , they are just as friendly as FAMILY!!!
I have done about 60 sales in the project in the span of 5 months and I would say the property is easy selling , the Skylark Ithaca Sales Team is very interactive and supportive and friendly and also all my clients have no complaints.
And as far as Agreement is concerned, I really dont know how many agreements are signed but 28 of my clients have already signed their agreements. I am sure that you have confused Some other project with Skylark Ithaca.
FYI i have had a 1 hour meeting with Skylark Legal and CRM team and have cleared out things myself. Thanks for writing such a review and im also feeling bad that i wasted their precious time to clarify things because of this review but now or never …
http://articles.economictimes.indiatimes.com/2014-12-15/news/57072295_1_collective-investment-scheme-fresh-moneys-money-pooling-activity
http://www.financialexpress.com/article/industry/companies/sebi-imposes-rs-5-crore-fine-on-skylark-land-directors/199160/
What do you say about this???
Hi Prashant,
I am not sure what you are talking about. There might be few problems during the agreement. But I feel the points mentioned by you are not correct.
I booked a flat in pre launch. I was told the payment plan was CLP but later when the agreement was made,they said it will be TLP.But, as I booked in pre-launch,these things should be expected. Flats booked in pre launch are subjected to have changes in the layout of the flats, changes in the amenities and other changes in the agreement. Its not that Skylark changed the payment plan after the agreement was made.
Regarding approvals, SBI cleared the project and the CRM team has mailed me the approval document.I myself took a loan from HDFC and the loan is approved. I know people who got the loan approved from ICICI.
Regarding construction, L&T started the work and excavation is done. The monopoles are being erected now. I get a mail once every month from Skylark mentioning the status of the project. I am part of buyers group in google groups and also the buyers whatsapp group. One or the other person in the group visits the property and share us the pics of the activity going on.
Regarding customer relationship, I agree there was some delay in their response during agreement.But overall, it looks fine.
I am not saying that Skylark is the best but as of now, they are not bad.As long as there is progress in the construction,It should be ok. You might be irritated now as they might have opposed to what you expected.But its ok, think again and validate your facts. If you still feel its not a good option, its your personal choice. But when commenting in a public forum, better let the points out which are true.
Thanks,
Hi,
I agree with what Raghu says, no need to be so pessimistic. I also have a flat in Ithaca, tower 1. Good things so far for the project –
a) Nice appreciation from 3500 to ~4150 in 1 year
b) SBI approval
c) L&T as contractor
d) Good response from customers – look at number of threads in this forum.
Good to be optimistic. But reality itself challeges it.
1. Prelauch till now..more than 1.5 years. Hw will one realize appreciation when u r ca not even sell it for another 1 year at least.
2. The people who invested in land 500 mtrs near project have realized appreciation. 1.5 yr back land was available at 2300 per sq feet. Nw selling @3600. Just put a year n u can start staying in it. Project will take many years to complete n amenities will develop only after completion.
N hopefully u face lesser issues with this builder considering his past records n present management.
Yes appreciation is there but now it will stuck at this price, no one will pay more than 4200 -4300 for skylark at that location. And since you can’t sell in next 1 year so net appreciation is going to be very less.
Also the price everyone mention here is builder’s price, if you want to sell your property then you need to sell at 10% lower price than builder.
Everyone has it’s own way of thinking. So feel free to invest where you get best returns..
Earlier land was available at 2300 per sq ft.Considering a 30X40 plot,it comes to around 30 lakhs including all statutory charges.I dont think bank will give loan for buying land.Also if i assume 1500 sq ft at around 3000 per sq ft construction cost,the total cost is around 75 lakhs.I am getting an apartment with amenities at less than that cost and I get loan for a higher amount and I get appreciation.Hence why the fuss?
Btw..google for an article which says how even fixed deposits+ mutual funds can give you better returns than real estate..also the article shows how real estate appreciation is not the best option as most people consider it to be..
Hi Raghu,
I recently booked a flat in skylark.Could you please provide me the details for Skylark watsapp group and google forum.
Thanks
ABs
BDA APPROVAL NO. – Shared with us, they have removed some towers during launch for which land titles were not clear.
WHICH BANK IS FINANCING THE PROJECT – As far i know, its HDFC, LIC, ICICI & now SBI.
SBI APPROVAL FOR LOAN ON THIS PROJECT – Approval letter has been shared with us.
KHATA A DOCUMENT – Yet to share.
L&T AS CONTRACTOR….WITH COMPLETION DATE – Completion date not sure, since its L&T, we do trust them. It may get delay but sure not for year/years.
As long as they keep paying L&T the project will be fine. But the biggest challenge for skylark is to manage fund. Since they are not able to sell enough units in the current market scenario, the project may get stalled due to lack of funds and then its anybody’s guess what will happen next. Many small time builders in Bangalore tried big projects and got ruined. Ex: Alpine viva (took 10 yrs to complete), ideb Tivoli (again took 10 years and still unfinished), amrisi pearl (now Mera homes) 8 yrs passed and still under construction, Rakesh global height(now taken over by mantri).
Skylark ithaca has been approved by SBI and available on SBI Website of approved project List-project ID-Ban1414997990
Dear all,
I would like to sell my apartment at Skylark Ithaka. It is 2BHK (1010 sqft) at 6th floor. The rate is 4150 rs. per square feet including all PLCs. Rates are non negotiable.
No broker is involve in this deal. This is my own flat. Only genuine buyers can call at 97421 94094.
Regards,
Awadhesh
So you want to come out of the trap and want some body else to get trapped. Nice brother. Hope you will soon get a bakra.
Hi VInay!!!
Guys let me introduce Vinay … Works in prestige and handles Prestige Tranquility.
How i know him :- I am a channel partner and FYI i sell more of prestige than Skylark.
Here a small message,
Healthy competition is always good but as a competitor doing this is very cheap and unethical.
Prestige is a great builder with great projects no doubt.
But skylark is not less. Even they have projects coming up.
Please Vinay , DO think about business ethics before you type such a thing which is put common people in confusion.
I agree to Sommu, on 2nd Oct 2014, Vinay has posted comment in support of PT.
Vinay says:
October 2, 2014 at 12:42 pm
.
Growing kids will use tablets, phablets and smartphone to play games and other extra curricular activities. They can also join along with the Mandur villager to protest against the govt for the removal of the garbage dump. These activities will keep them busy and they will not need any music and other classes. Prestige Tranquility also has lot of amenities and they can make full use of that. Think positive. When there is a will there is a way.
Vinay was just being sarcastic. I can’t believe you fell for it Irfan 🙂
How can you transfer before lock in period. When is the lockin period ending.
When will it be ready to move in?
2 years from now.
you should have said “2 months from now”. Its getting ready in 2 months from now.
Hi..m planning to buy 2 bhk in skylark..if u sell us that at a lower rate than wat skylark is providing..wl purchase it from u
Priya, please call me at 82970 13331. I can give you lower rate than Skylark is currently quoting.
I have nothing against this particular property, but for properties such as this, Prestige Tranquility and others in REMOTE areas, I have few questions:
If you have growing kids, how do you plan their extra curricular activities by living in these remote areas? There is absolutely nothing nearby. Agree, that area will develop in 10 years, but so will be your kids. Are there any good music classes in that area? Any good drawing, skating, martial arts, or sports training centers nearby? Will these kids not miss out on many such things while fighting traffic on Bangalore roads? Agree that these flats will cost more than a 1Cr after 10 years, but at what cost?
Growing kids will use tablets, phablets and smartphone to play games and other extra curricular activities. They can also join along with the Mandur villager to protest against the govt for the removal of the garbage dump. These activities will keep them busy and they will not need any music and other classes. Prestige Tranquility also has lot of amenities and they can make full use of that. Think positive. When there is a will there is a way.
Nice funny solutions Mr. Vinay !! You made stress let go. Laughter is the best medicine and you provided one.
Let me talk about Skylark Ithaca, there is lake Montfort School withing 0.5 KM from the property and it has all arrangements for all extra curricular activities like Music, Martial Arts, Sports and all. We are talking about a 20 acres property which has over 80% open space with dedicated festive lawn cum playground where such activities can be arranged by people residing here. Out of these 1900 families, even if 25 families are agreeing for such activities, the trainers will willfully and gracefully start the classes here itself. Why should your children go out even a kilometer if he can get everything inside the gated community.
Moreover as I told there are multiple school in close vicinity of 20 mins drive viz. Lake Montfort, Gopalan International, DPS, Vibgyor etc. which is very much commutable.
You have many apartments in the city center which are walkable to all the ameneties that you mentioned but the prie will be higher. You an expect a flat in the center of the city to be cheap.
One way is put in huge money and take a flat in the city center.
If you dont want to buy a flat with huge money, then investigate which are may be developed in the next 3 to 4 years and take it accordingly.Until the things that you mentioned didnt come up around the property,you have to look for an alternative if you really want your kids to enjoy those.
You can expect both to happen.
Ithaca itself will be having around 2000 families and there are other apartments coming up in the area. With so many people around and so many kids around, the things that you mentioned will be there soon.Don’t worry.
Sorry ..problem with my key board..
price** will be higher
You can’t** expect
which area** may be developed i
You can’t** expect both to happen.
I am interested in selling 2 BHK(East facing apartment on 14th Floor). Please call me on 9731653279 for more details.
HI All,
Just to bring to all of your notice that skylark is failed to provide few very important documents for property like BDA approval letter, Khata Document and SBI approval for legal verification. They claim that project is SBI approved by its not listed on SBI website, They claim that its BDA approved but when we ask for approval letter & Khata document then they don’t pick your call or try to buy more time so that you get in agreement and finally you are in trap.These are three main documents to check the legality of the property. So if you are planing to buy in skylark … just ask these documents before you put your hard earned money even for booking amount.
I was going to consider it but can someone confirm if they have BDA and BBMP approval for all towers?
Also if developer doesn’t have appropiate approval, Will it lead to demolition?
What is the suggestion here?? Harsha , could you please guide?
Hi All,
Be ultra careful when they give agreement. There are many things varied from what they marketed.
Payment schedule for PRELauch booking says the payment has to be made as the constuction progresses.( installment post agreement goes at- Footing, Lower Basement, Upper Basement, 1st Slab, 2nd Slab..etc)
Now they have only 50% footing work is done and demanding payments for lower and upper basement stage. In agreement they has comfortably changed the payment term from construction stages to bimonthly payment. We have not signed the agreement only cos these changes.
Anybody facing the same issue?
We are seeking legal opinion.
Yes, I am facing same issue. It seems that we are in trap now. Exiting is also not ease and paying them without any construction works, my heart and mind do not agree. Whats your plan?
If you have taken home loan, Banks genarally insist for construction linked payment. They won’t release the payments until document evidence is submitted along with photos from the Site engineer.
Till now, this is what happening in the project that I have booked.
Thought the payment schedule gave tentative dates in the agreement, they are revising those dates and sending payment demands with document evidence and photos.
And I think this is the norm.
How come your bank is releasing payments without verifying the construction?
@rakesh, I m filing a case against this builder. I booked in Aug 2013. After that kept on following for progress and agreement till June 14. And when denied to sign an agreement on changed payment plan, they have blocked my money and sending demand notes.mail me on sheetal.107@gmail.com if wish to share the concern.
Hi Sheetal,
Read the recent case @ Competition Commission on India where it fined DLF for on sided agreement & forcing buyer to pay even without start of work.
DLF challenged it @ Supreme Court — SC refused to listen .. etc etc…
So what i am trying to say… run to CCI — they will help you all… Builder’s cannot bully buyers…
i would suggest to hire a lawyer and go as a group to file a case in CCI.
@bhoopu n Ramya,
Thnks.
M already in process. Will surely keep updating.
Have u signed the agreement? If not, u may join me. As a group when we go,builder is left with sone sense and see us as frustrated customers, he should resolve problems. If not , legal action is only thing he deserves. Sheetal.107@gmail.com
I agree, It was construction linked payment plan.
I cannot pay without the progress visible to me.
I am ready to share legal expenditure if we are planning to go as a group.
I have come to know more buyers with issue. Skylark seems to be handling it by making people convince to pay 90% before 2015-march
We need to make a group and visit office together. Its absolute illogical to change the payment plan time linked, its like paying for imaginary floors being constructed in air. Wiser are those who have not signed agreements.
I think somebody mentioned it – You bought in a preLaunch at a huge price advantage (20+ acre society of 21 floors, decent amenities, brilliant location – in 5 yrs from pre Launch, CREDAI member builder ….). Now, you will have some risks actually materializing.
It is like this
– for noPreEMI: If you get 90% of what is there in agreement AND Skylark pays interest till possession AND delivery happens by 2019, then you are gaining.
– for regular: All of above except delivery should happen by Q1/2018.
Dear all,
Buying in pre-launch, gives you price advantage but you are always exposed to several speculations regarding plans as we all the terms of payments.
Let me take the opportunity to clarify on the Time linked payment plan being followed by Skylark for its Ithaca Project.
The technology being deployed here is Mivan which only involves concrete work and no brick/block work and is a pretty speedy technology. The builder is picking 5-6 towers in the initial stage and will complete the structure including walls within a stipulated 8 months time and then move to the next set of towers.
If Skylark follows conventional CLP (Construction Linked Plan) , The buyers who have booked in the firstly initiated towers will end up paying 90% of the property worth within 8 months and will have to wait for another 2 years for the possession. On the other hand, the buyers who booked in towers to be started later, they can sit calmly without paying anything apart from their agreement amount.
Just to make it uniform for everyone, Time Linked Payment is being employed by most of the Developers of mass communities build on Mivan Technology.
Secondly, The payment is not released without checking the work progress at site. The bankers wouldn’t approve any such plan. There are five milestones that the builder needs to achieve regularly to get the disbursement from the bank. Please check it with your banker.
Thanks.
you must be kidding…5 towers in next 8 months….i can imagine only 5-6 basements done in next 8 months…and they will give usual reason sand lorry strike.
Payment plan should be CLP…just change it to CLP and buyers don’t need gyaan from agents.
They already know what all happened in last 1+ year and you are talking about biggest chamatkaar in real estate history i.e. 6 big towers in next 8 month.
Its not a joke. Such is the speed that Mivan Technology brings in to Construction. I know the builder is working on the basement which might take 3 months. Then the builder is expecting 50% Slabs i.e 6 Towers by Dec-15 and 100% completion of Phase 1 Slab slab by Sep’16. And mind you, once Mivan is deployed, no need of wall plastering and all (which saves hell lot of time).
If we quote the example of Provident Sunworth, which is being built on Pre-cast technology which slighly slower version of Mivan and its going on fast.
You tell me, will you pay almost 50 Lacs in 1 year and wait for possession for another 2 years paying EMI of almost 50 K??? Its not all viable. Moreover, Ithaca is more a end user Project till now with mostly 1st home buyers. Do you think managing rent+EMI for two years will be viable for such segment( I am talking about people booking in the initially started towers).
Thirdly, a builder can’t willfully on his own claim Sand strike and all excuses( BDA needs to approve such claims at actuals).
If you call it a GYAN, then yeah it is. Its never too late to learn something. Learning is a gradual ever-going process.
What BDA approval has to do with sand strike? It is not only the strike that causes the delays. Skylark is claiming that 10 days of strike is causing 3 months of delay. All big projects are not done on daily supply of raw materials. They keep the stocks for at least a month or so. So a 10 day sand strike cannot cause any delay but the builder will use this as an excuse the deny any claim for the penalty.
Whatever technology you use, there are lot of other reasons for delays in constructions. Delays are not due to technological limitations. Skylark Ithaca is a very big project and my biggest concern will be how they will manage funds to build such a huge project when market itself is so much subdued. I see the biggest risk in delays is because of funds.
Those who bought in Skylark Ithaca during pre-launch are dying to exit without any success because during pre-launch to launch itself builder has started showing its true color. They have changed from construction linked payment to time linked payment. If they are so sure about completing in time, they why they have changed the payment to time linked payment. This clearly shows that they themselves are not sure about the completion of the project.
Looks like skylark has hired you to cheat more and more people with your sweet talks. Get a life dude and don’t trap innocent buyers.
So..Vinay has arrived again contradicting my statement. Are you unable to sell your concerned property, Skylark Ithaca is pulling your customers?? Is it??
Skylark Wants to complete the project on time. That’s the reason Mivan is deployed here. And its quite obvious, Builder had to go for TLP to make it uniform for all the customers,
For example my friend :- if you have booked your flat in the first tower and I have booked in the last tower.
When the construction phase starts, the contractors will start from Tower 1 and that means your slabs will go up to 19th floor and u’ll have to finish 95% of the payment in less than a year whereas in my case ill have to start paying only towards the end.
Skylark wants equality so the TLP is much more effective, and even the TLP plans says that you pay the last slab during possession.
It works in a cycle Customers pay Builders, Builders Pay Contractors the wok is finished on time and if any one of the cycle stops here then you can expect a delay in any projects.
Sand strike was there for about 3 months (FYI). PLease go through your facts Mr. Vinay.
Twice in two years timeline and every project has been delayed due to this . Please name me one project (please be sensible in naming because lying will not help here and you will end up making a fool out of yourself even more) which is on time even after the sand strike. Please do feel free to name me a project of the same size (not a small time builder).
Think about it from a builder (You lack knowledge in real estate to be frank) – no builder will want their projects to be delayed because they pay interest to their investors (capital) , they will have to pay to the contractors, they will have to pay for the laborers. Moreover, at Skylark Ithaca, the subvention scheme entitles the builder to pay the bankers customer’s Pre-EMI as well. If you think customers are the only one getting affected by the delay , you are extremely wrong and illiterate about the real estate market.
If skylark is pulling so many customers, and uvrcso much in favour of this builder, convey them to return my money and aquire those customers. What do they loose if they get rid of me and find another buyer. I don’t want to invest, they hv literally looted my money. If there are so many buyers- its so much reasonable for them to refund me.but I doubt they have those considerations or ethics.
@theProblemSolver
Skylark, being a small time builder, is already in trouble. Sales have come down drastically, effecting the cash flow needed to complete the projects. Moreover, he can’t rely on institutional or NRI money to support himself during this down time. Esta project being DELAYED by more than 8 months is a good example of the same. And going by your posts, it seems, you have taken the responsibility of solving some of the problems for him.
Changing payment plan shows the REAL situation the builder is into. How about a hybrid payment plan,both time and construction linked. Payment is disbursed whichever falls LATER. For example, if construction is in advance then payment happens on schedule, and when construction lags, payment lags.
That way both builder and buyer will be in check. And even the Mivan technology, about which you are so gung ho about, will also be tested.
Its actually a hybrid plan ma’am.
The builder is entitled to achieve 5 milestones which you can ask from Skylark CRM team.
50% of excavation for phase 1 was expected by December’14.
However, L&T is going ahead of schedule, with excavation already over and footing work in progress since past 1 month.
I know u r employee of Skylark.precisely same statements were made to convince me to shift to TLP. Are you joker and people investing and visiting here fr genuine reviews. Its actually good for you. Hhow come race called builders let opportunity go if money comes earlier. When did they shifted profession to social service telling- we do not want buyers to get burdenss. All goons- one way you block our funds n another way play joker to provide this gyan.
Dear Sheetal,
People will convey the same, what is reality. Nothing in-genuine is being catered from my end. I don’t know when you bought an apartment there. But apartment sold after launch has been clearly conveyed as been in TLP (linked to five milestones, as even bank wouldn’t fund without verifying the work status) .
If you are a buyer in Pre-launch, you should be aware, that Pre-launch plans are always tentative and subject to change. That is the reason, you get the price benefit. This change took place long back in December when the property and the payment plan got approved. This you should have noticed and sorted out long back.
This was an issue for most of the buyers but most of them understood the reason behind the plan and most of them have signed the agreement long back. When everything is over, you are bringing out an old sorted-out issue.
Out of frustration, who are becoming personal calling me a joker. I understand your problem, but it doesn’t mean you will forget your moral and ethics.
FYI, the normal CLP plan eats up disbursement much faster than this Hybrid TLP plan.
Guys,
I understand prelauch to post launch there may be changes.
Before confirming the post launch changes I have also confirmed the payment plan which they have sent me promptly and so far I have paid only as per that payment plan.
The problem started at agreement stage. I never sign any documents unless consulting my lawyer after finding such a builder sided agreement I have denied to sign it.
If the payment plan has to be changed, they should have given me right payment schedule before collecting agreement amount from me.
They have offered me CLP even then.
And what a nonsense logic of Mivan ! Which bank disburses nearly full i.e 90% funds just for raising walls over walls? Do you define it as residence near completion? I cant buy a logic that in 1 year banks and buyers will have to pay 90% of flat cost and delivery will be 2 years thereafter.
Its not only about payment plan.There are many serious issues due to which I am taking this stand. So far in every communication I have found gaps, quality issues and even appreciation is not as expected. I have invested in the same area and have got 900 per sq feet appreciation in 1. 5 years and buyers ready to buy my plot.
In case of Skylark, my funds are blocked. Appreciation is way lesser, and who will buy when there are so many unsold unit and so many projects with better utility.
I have no interest in Skylark and their development after betrayal of the trust.If they can block my funds and successful at it, the greed will grow and they will do it many others.
Just look from investor point of view.
1. We give booking amount ( 2 lacks) 1.5 years before. Who uses it- Skylark
2. We offer agreement amount- 2.6 to 98lacks- Who uses it- Skylark again
3. We are demanded approx 5 lacks-for lower and upper basement stages, No footing is completed yet.
And now investor has two options-
1. Exit- They deduct 20% of all above…… skylark gets a new buyer at so called appreciated rate. Do they loose anything? Why the investor should be penalized?
2. Continue- you will keep paying the whole payment before March 2017 and buy frustration, waiting, association issues, builder holding commercial rights on building terraces and clubhouses, their relatives will use your amenities for their lifetime without being resident there and so on…
Against above, If I invest the money in a land on the same road, wait till 2018 ( nearly as possession date of skylark), I will have more buyer in 2018 for land/ Villa than a flat. If I am apartment type resident, I can buy a much better ready to occupy and beautifully managed project than skylark by selling my property then.
Project like Prestige Shantiniketan has taken 8 long years to sell all flats.
We bought a residential house on Old Airport road for 65 lacks the time my friend bought a 2BHK left over unit, facing railway track in Prestige shantiniketan at throwaway price of 64 lacks.
The house fetches a rent of 33 K and valued at 1.2 crore. If PSN statistics are such, where will skylark stand?
I am sharing my experience for benefit of others. I am sharing since I have realized it by putting hands in it. If my opinion does not help, you can go and have first hand experience and evaluate yourself.
Very good and honesh feedback Sheetal…..appreciate it.
Appreciate your honest and candid feedback.
Do update us on the progress. It will be beneficial for the existing customers at Skylark as well as the entire community.
We hope you be able to sort it out soon
Why are we taking so much pleasure in beating a dead horse!
Of course, buyers got cheated if you take the pre Launch promises as the basline agreement – on the other hand, buyers would have accounted for 60 – 70% promises being met.
Buyers may not have factored in 2-3 points – (1) cannot exit till some time & w/o permission; (2) cannot cancel without penalty; (3) Time linked plan.
But which builder is 100% ethical and delivers for client at his own loss!
I am a buyer and fundamentally do not favour apartments as an investment asset class – so I anyway will not recommend Ithaca for investment, and if personal factors play a positive part then Ithaca is as good as any other projects around it.
Why are we taking so much pleasure in beating a dead horse!
Dear all,
I have been seeing multiple approval related issues being discussed in the forum
Firstly, Skylark Ithaca for sure is a BDA approved property and even the construction approval are through, other wise, L&T wouldn’t have commenced the basement work at the site.
I know, Skylark isn’t sharing the approval copies prior to booking but at least one can have a glance over it when you visit the site. Just ask for it before booking.
Talking about Khata. The land is already A khata, but it is needed to be transferred to the Skylark ITHACA as a property which is merely a formality to be done in terms of paying certain taxes to BDA/BBMP.
The property is legally cleared through one of the SBI Branches and the project will get final approval once the khata transfer documents are furnished.
Its an end to all speculations about SBI Approvals. Its through now.
Congrats to the people who already booked.
Hello Mr. theProblemSolver,
Can you please let us know , when is the road widening work will be completed. I am talking about the Road from Old Madras Road to the Project . I saw some work is going on, but not sure whether it is some private work or the govt work.
lks
Its as per CDP 2015 and the work was initiated and the drainage work is currently going on and BWSSB is developing a sewage plant near Cipla Lake, the drains will be connected to it. As a sequence in Road development, the drainage work is the foremost thing which is in progress apart from encroachment demolition already through to some extent.
WE can for sure expect it to be in good shape in couple of years.
This is to bring to your kind notice that transfer of units is not being entertained by SKYLARK till people don’t complete their LOCK IN Period of 1 year and the the minimum time for that will be around March 2015.
Please don’t be confused.
Hi..anyone interested to transfer 2.5 bhk flat …please contact me @mallikarjun19@gmail.com or 001 248882 3819
Hi Mallik,
I have one 2 BHK apt. available for sale. please let me know if interested.
Regards,
Ravi
9739004682
Hi, Ravi.
Please let me know your offer price and more details about your 2BHK which you want to sale.
You can contact on email or 8088170811.
Regards,
Ashwin.
Hi ,
I am interested to buy 2 / 2.5 BHK in skylark .. anyone interested to sell, please send me the detail
on dhirendra.singh.negi@gmail.com
Thanks, Dhirendra.
Hi ,
I am interested to buy 3BHK in skylark .. anyone interested to sell, please send me the detail
on sanjiv.b.deshpande@gmail.com.
Have you got CC & OC ? Is the project approved by BDA etc? Please let me know
Thanks & regards
Sanjiv
http://m.deccanherald.com/content/422087/noc-violations-norm-here.html/
After reading the article, it makes me wonder does this project has got all required NOCs. Have they left enough setbacks on each side? Looking at there current plan, it seems quite cramped in terms of setbacks. What do others think?
Mr. Buyer, You should be worried about the NOCs for unapproved projects. Skylark Ithaca is already a BDA approved project .
It has left more setback than actually needed For a building height of 60 mts, 20 mts is the required setback…and FYI, Skylark Ithaca has a setback in excess of that. which can be measured if you compare the swimming pool width i.e 18 Metres.
Regards.
Hi,
Has anyone done with their agreement.
Thanks,
Pramod
Hi Pramod,
Unfortunately we are not getting any information from the group as well as from skylark-owners google group. I also sent out couple of mails to google group regarding this, I didn’t get a single reply.
As per my case, I have not yet done and like other people I am also waiting for clarity on OC and Club House usage in SOA.
-lks
I have also not gone for the remaining 10% – they hacve called me for the same couple of times
Has anyone gone for Pre-EMI scheme with HDFC bank ?
Hi I have opted for Pre-EMI thru HDFC and loan got sanctioned too. Is there any owners group for Ithaca…Have been looking but no luck
Hi,
Have you got any update on khata certificate? I heard few people have done agreement also.
You can join google group https://groups.google.com/forum/#!forum/skylark-ithaca-owners-forum.
I have done the SOA, and triparty agreement.
Hi,
I am planning to book a flat in Skylark Ithaca. I don’t know why but I am feeling nervous and unable to take a decision on the same. Can you guys please help me knowing if there is any hidden fact(s) about the project or the builder.
Thanks and Regards,
Sameer
Look for SkyIthaca in Facebook. You can find snapshots about the ongoing activities at the project site.
You shouldn’t worry about this project as the work has already been kick-started and L&T is the official contractor for the construction till finishing.
The project already has all statutory approvals.
You can check facebook.com/skyithaca for further update and leave a message there for any clarification.
Hi,
Any updates on agreement?? I asked but no final date as of now has been told. Also on khata/oc clarity is not given..
Hi,
I would like to sell my 2BHK house in Skylark ITHAKA. Its on 6th floor. North east location just infront of swimming pool. Rate desired is 4220/ sq feet (flat is on 6th floor and hence the base price is 4100 rs + 20 rs per floor = 4220).
Please call me at 97421 94094.
Hi Guys,
Is there any update on Sale of Agreement. I heard they started printing it for few people, I don’t know how far this is true ..This is what the skylark (sabrina) is calming..Any news on this, please let me know..
regards
lks
Any news about the sale of agreement ?
Anybody has done it?
The agreement has already started and close to 30% of the people have already signer the agreement. We need to complete our 20% payment and go forward for agreement. The delay has been basically due to multiple alterations in the agreement copy on customer’s demand. The people who chose for No Pre EMI scheme will have to wait for another week time to sign the agreement as it will be a tripartite agreement.
Dear Mr. Avadhesh,
You can sell off your apartment in Ithaca only after completing 1 year from the agreement. Skylark won’t allow the sale before that. The best time to sell your unit will be after the launch of 2nd phase with a much more appreciated price.
Regards.
Hello Mates !
I am an investment adviser in Bangalore primarily looking at Real Estate in East and South Bangalore. I find Ithaca as one of the most fruitful investment option in Bangalore.
I came to know about this blog recently and went through the reviews. The reviews from the buyer’s approach looks genuine. But being into same business from past 13 years, I’ll say that Skylark is going as per market standard. Only problem with these guys is lack of communication.
I am defending the builder not for a personal benefit but just to give the correct guidance to the people who are looking for an apartment and I have personally referred Ithaca to my investor friends seeking high appreciation probability.
1. Delay Penalty Clause is one of the major issues. FYI , Rs. 3-4 per month per sqft. in most of the mass projects like Skylark Ithaca. Taking Esta as example where the delay penalty is 18% per annum which will hardly sum up to 14 Crores per year, however in Ithaca, taking Rs. 48/annum, the delay penalty will be almost almost 15 crores. So Skylark will be in almost same loss if the project is delayed. Apart from this Skylark is also taking care of over 200 pre-emi bookings’ loan interest amount will be almost 1 Crore per month. The builder wouldn’t want to incur such huge losses every month.
So hope for the best and be positive towards on-time delivery, Thanks to MYONE Technology being used at Ithaca, As even Esta was started in NOV’11 and the structure was ready by Dec’2013 deploying the conventional RCC framework followed by brickwork separately which is much more labour oriented and slower in pace.
2. I spoke to Skylark CRM regarding transfer of unit as one of my client is happy with the appreciation and wants to make fast money by reselling it. But there is a lock-in period of 1 year which is common with all major builders.
Buying in pre-launch always gives price benefit but you will have to take the uncertainty in terms of launch and work commencement. But the best thing to happen is that the Work has already started at the Site which rules out uncertainty on the project progress.
Best Regards.
Looks like you brokers are not getting any business now-a-days. So promoting even the crap projects to make some money. People now-a-days much smarter than you. Almost all people who bought in pre-launch are repenting, including myself. The owners group of ithaca has almost all the discussions on cancellations only.
Mr. Vinay,
Have I shared any contact to reach me and go through me to buy a property so that I can reap some benefit?
Bro, buying a property in Pre-launch always gives you price benefit but you will be subjected to n number of speculations and there can be few changes in the final approved plans. There have been projects by even other elite builders which took over an year time to get launched and get started.
Patience is the key here. I am aware Skylark lacks proper Communication as they had lesser manpower, I guess.
But if we see now, They got the confirmation of L & T being finalized as the official Construction contractor which is a huge relief.
If someone wants to buy a perfect project where you get all the details before hand and no deviation, an Ongoing under-construction property is apt, but will have to pay extra bugs on that ( That’s the benefit you get in the pre-launches)
Hello Mr. Imran Pasha,
Are you a broker trying to get some benefits out of Skylark Ithaca, as they aren’t selling enough units. Oh lord so Skylark has hired investment advisers like you? or have they hired you as it’s employee? I hope you are a class 5 pass too dude?? are you? which school did you pass from, did they teach you Maths properly?? did they?? or is it why you are selling flats/advisory to Bangalore engineer’s?
A 1000 sft Flat, which approximately will cost at 50 lakhs
1. Penalty Clause of 18%
– If you have given even 40 lakhs before possession ( less 5 lakhs, it should be 45 as it would be difficult for you to calculate ) would be 18% of 40 lakhs which is 7.2 lakhs yearly and 60 thousand monthly
2. Penalty clause of Rs. 4/-sft
– Will yield 4 * 1000 = Rs. 4000/- monthly and 48 thousand yearly
Please get some maths tutorial, god only knows what kind of advisory you give to your clients. No wonder why Skylark team is in so much mess, if they have advisers(employees) like you.
Hello Mr. Rakesh,
Before commenting and bad -mouthing you should first read the content properly. Please get some Moral Science Classes. Observation is very important. The no. of units in Esta is almost 10% than in Ithaca .
I didn’t talked about the penalty amount, each buyer will be getting. I spoke about the amount that the builder will be liable to pay, which almost comes equal for both the properties. And any builder wouldn’t like to pay a bulk amount like 14-15 Crores, whether for a 200 apartment project or a 2000 apartment project.
Am I sharing any contact to call up and contact me for buying Ithaca or to give my reference to buy here so that I can get some benefit.
Dude you need to check your math again.
For a 1000 sq ft flat worth 50 Lakh, one would pay atleast 40L by the time of possession and 18% on 40L will be 7.2L which is 60K per month.
What Skylark is quoting is Rs 4 per sqft per month. Which for a 1000 sq ft flat will be Rs 4K per month.
So your calculation has a mistake which amounts to 1400%.
Hi Imran,
Wonder how many of your friends made money using your guidance..
Esta @18% and Ithaca at Rs48/annum and Skylark makes same loss if delayed.
Esta with 200 apartments and Ithaca with more than 1000 apartments,will Skylark make the same profits? Obviously no..then how can you compare only loss and defend Skylark?
Around 200 pre emi bookings and interest of 1 crore per month???..Where did you learn your maths?
Assuming one instalment to be 3 lakhs and 4 instalments released in a year and interest rate of 10.5% per annum,the first year interest outgo on 200 flats would be 1.26 crores per year,2.52 crores for next year and so on..
Dont forget that Skylark charged 300 rs extra for pre emi bookings.assuming average 1300 sq ft and 300 rs per sq ft extra for 200 bookings,thats a cool 8 crores extra which will cover up the interest cost..also they get funds cheaper than industrial market rates..the 10 or 20% they collected last year is also earning interest for them..so dont blindly defend the builder..If Skylark was foolish enough to sustain 1 crore interest per month loss,they would have shut shop much earlier..
The builder has a history of projects.agreed..who cares? I care only for Ithaca where I have invested..and they have made a mess of it..my money blocked for 1 year,one sided agreement clauses..threatening executives who change their stance from person to person and day to day..
I am just being an extra optimistic and not withdrawing my money..but Skylark Ithaca has been a big Pain to Deal with..
Dear Mr. Saint,
I know Skylark has been lacking in proper communication. Look 1 year is a common delay gap between pre-launch and actual work-commencement.
Pre EMi interest calculation.
After 3 years (as the Penalty clause will start after three years and by that time almost 95% loan amount will be disbursed), taking 45 K as the average EMI which will have almost 40 K as the interest component. For 200 apartments it will come close to 80 L .
I agree in the pre-launch stage, the builder was promoting NO- PRE EMI scheme at Rs300 higher price but was getting the entire money upfront as well.
But here is a twist, RBI banned ADF ( Advance dispersal of funds). SO now Skylark is not going to get such benefit.It will get the funds in normal TLP mode but is offering the same benefit to the buyers as promised ( Paying the interest on loan till possession)
# If Skylark wants to re-launch the No Pre EMi offer, it will be bound to charge almost Rs. 500 extra to cover up the interest.
# Even I am fed up of their CRM communication but I got t know that they are increasing their Manpower to rectify this fault.
# Project appreciated by Rs. 550 without much work progress. Now when the work has commenced and L & T been finalised as the construction contractors, the property will certainly appreciate at a higher pace since the project is marketed in two phases and with MYONE technology the construction progress will be decently rapid.
what is your contact # imran pasha, Varun & good saint
But work still not completed, project in such stage if they want they can complete in 6 month but if they don’t want then it will take even 2 or more year. Project getting (mostly) delayed after this stage only where internal work is required….
All big builders are quoting Rs 4/sq feet as penalty clause. I checked it with Purvankara, Mantri etc.
All the agreements are really one sided and you cannot fight much with the penalty clause as people in Bangalore have been accepting it and now all big builders have started writing Rs 4/sq feet in the agreement.
Secondly we should not compare Esta and Ithaca as both are of different scale. If you see from builder’s point of view there is a higher possibility of Ithaca being delayed as its a bigger project and hence they try to convince for a lesser penalty clause (Same strategy is being used by Mantri, purvankara etc).
In case people in this forum are not aware, I would like to bring to their notice that L&T has been finalized by SKYLARK. If that is the case we can be assured that the project may not be delayed much as we have seen past records of L&T. There are lot of people who are in No Pre EMI scheme and hence that burden also SKYLARK would like to minimize by timely handing over the project.
I feel overall SKYLARK ITHACA is a very good project and definitely in order to stay in the market they would build a good quality project.
I have got positive feedback for Arcadia (good investment/quality of the villa), so this ideally tells us that the location of this project is also good.
All projects in pre launch phase have this uncertainty and hence my personal view to people is that they should definitely invest in this project as it will have good returns (as we saw in ARCADIA).
The project won’t be delayed mostly as :
* MYONE Technology being deployed which is way rapid than the conventional method.
*L&T being the constructors who actually push to complete the project before time and they charge penalty to the builder if the builder is unable to process funds for the Work Progress.
* Delay Clause amounting to almost 14-15 Crores per annum.
* NO Pre- EMi client’s interest being paid amounting to almost a crore per month after the delay clause starts.
Skylark esta delayed by 7 months and still not ready for possession. Builder is not paying damage for delay indicating sand strike which lead to more than 7 months delay and no compensation payable. Unless legal action taken don’t expect damage from skylark
correct, they will never pay any penalty.. see the response from skylark on delay of possession of skylark esta.
so dont expect any return from builder, once you paid up.
————————————————————————————–
Greetings From Skylark !!
With regard to your queries, please find below answer.
As per the clause NO.4 of the agreement, which is reproduced below:
“4.POSSESSION
The Possession of the Schedule ‘B’ duly completed will be delivered by the Vendors to the Purchaser on or before March 2014 with a grace period of 6 months. The Completion of building and delivery of possession shall be subject to vis., majure and/or act of God or as a result of in obtaining any sanction, permission or any Rule, Notification of the Government, Municipal Authority, any Court and/or any other Public or Competent Authority prohibiting construction activities or FOR REASONS BEYOND THE CONTROL OF THE VENDORS and in any of the aforesaid events, the Vendors shall be entitled to reasonable extension of time for delivery and possession of the completed premises.”
In view of the above clause, it is bring forward to your notice, that, in Bangalore there were multiple Sand and Lorry strikes in the year 2013 and 2014 as listed below:
1) Sand Lorry Strike which begun on 07/07/2013 which was on for about 10 days causing 3months 10 days delay in the construction activity
2) Sand Lorry Strike which begun on 20/12/2013 which was on for about 30 days causing 4months delay in the construction activity.
In addition to the above, it is further brought to the kind notice, that whenever there is such kind of occurrence, labours have to be demobilized and mobilized again, which leads to 3 months of delay in each such occurrence.
From the above it can be clearly ascertained that there has been a total delay of 7 months and 10 days which is beyond the capacity of the builder. Hence, your claim of delay of the project by Skylark is in contravention of the contract and is not tenable.
Good News folks!
The excavation work has already started at the site and the work is going at full stretch 🙂
I personally visited the site after the conversation with the skylark executive to cross check.
Even the foundation for the monopoles are ready 🙂
After visiting the site, m hugely relieved…there has been less communication from Skylark Team….I don’t know why ??
Hoping for the best !!
Have booked a 2 BHK 1059sft NE facing flat in Ithaca in prelaunch and paid 10% so far. Anybody interested in transferring , please send me an email to
Mail me at vicks550@yahoo.co.uk
Hi Shailu
Heard there are some delays – are you transferring because of delays or issues we may not be aware of?
Also came to know that transfer may not be allowed till 1 year or something like that.
Hi Shailu
I am intrested in this, please respond at the below
myself.bansal@gmail.com
SB
please send the details in my e-mail
Hi, I am looking for a 2bhk flat in ithaca. Let me know if anyone is interested in transferring.
Hi Basant,
I want to sell off my 2 BHK unit. Please let me know if interested. Ph: 9739004682
Regards,
Ravi
Msg me at 9686601165
Hi Ravi
I am given to understand that no selling or transfer is allowed right now. Is it that because agreement has been done / going to be done, selling is back on?
msg abinasroy@gmail.com
Hi,
Planning to buy 2 BHK 1011 sqft unit in next week.
Anyone interested to transfer their unit please reach me at rajnikant.narone@gmail.com
or 9620689876
Thanks
Hi all,
I have booked a flat in Skylark Ithaca in August 2013 and have 20% of base price so far.
I went to their office today and said I want to transfer, Skylark is not allowing me to do so. They are saying transfer is not allowed before signing agreement.
And the agreement itself states that once signed, the flat cannot be sold or transferred for 12 months.
So there is a lock-in of 12 months + 8 months already over, so 20 months. This was never mentioned before during pre-launch or launch.
The only option for me, apparently, is to cancel and lose 20% of amount paid till date and the new person to book at the current market price directly from Skylark.
If a buyer has been able to successfully transfer his flat in Ithace, I request to contact me at rabindra_im@sify.com
Though the project is good and location has got great potential, I am scary of the builder’s attitude towards buyers’ (after you have booked the flat). Not a good example of customer service.
Thanks,
Rabindra
which is gud option prestige lakeside or skylark…pl..
Hi,
I am planning to transfer my unit ( 2BHK – 1011sqft, NE facing & balcony facing the pool). Please let me know if any body interested. I have booked the flat on last June @ Rs3540 per sqft ( current price is 4140).
Thanks
Hi Varun
I am looking for 2bhk in skylark ethaca, let me know your flat details,transfer conditions and contact details @
myself.bansal@gmail.com
SB
I am looking 2/2.5 BHK in skylark ethaca, if any intreseted to transfer, pl. do let me know ASAP @
myself.bansal@gmail.com
SB
Dear all prospective buyers,
Please talk to an owner before deciding to invest in Skylark Ithaca.
All existing owners (>100 in the skylark-ithaca-owners-forum google group) have raised their concerns w.r.t. unfavourable clauses in the draft agreement to Skylark in the first week of April.
Skylark have not responded to any concern.
However, Skylark are constantly pestering for money and forcing all buyers to sign agreement.
They are now threatening that those who do not sign the agreement by their stipulated date will lose their booking and will be sold to others.
Also they are threatening to forfeit 50% of amount paid so far, if we want to cancel booking.
The agreement is completely biased towards the builder. Some important clauses are listed below. email me for the full draft agreement.
1) Builder will charge 3% commission anytime a buyer wants to sell his flat in future, even after registration
2) Builder and their friends/servants/colleagues will retain perpetual rights to enter the clubhouse, even after all flats are handed over to owners
3) Time linked payment scheme, regardless of stage of construction. We have to pay >90% of the sale amount by End of 2016, whether or not construction has started by then
Builder will charge 15% p.a. interest on delayed payments
4) If project is delayed, builder will pay only Rs 4 psft per month as penalty to buyer (works out to be 1% p.a. ==> 1000 sqft flat at Rs 4000 per sqft costs Rs 40 lakhs ; penalty is Rs 4000 per month or Rs 48000 per year only). Skylark had, in verbal conversations, promised that builder will pay 18% p.a. penalty if not delivered on time
5) Builder will not take any responsibility to get Occupation certificate or khata for the apartment. When they declare that flat is ready for occupation, buyer must take possession within 15 days and start paying all maintenance charges from such date.
Rabindra
Out of all the concerns..the one about OC is a very very serious one. It also indicate that builder may have some trouble with approvals or he is doing something illegal. I would never ever dream to buy a flat without oc ..
I had booked a flat earlier this year (Jan 2014). I too had received the agreement Draft copy and partially favoring the builder but I did not get any such statements as given by Mr. Rabindra. You can contact me for the real agreement copy.
regards,
Arvind
I too received the draft copy of agreement. I agree that it is favoring the builder, but what are the options available to us now ? What can we do ? I am getting frequent calls from Sabrina to pay the rest 10% amount and go for Sale agreement. Please advice me. Also let me know, what is the google group name, I want to join on the discussion.
Skylark Ithaca construction agreement states that if builder are not available to deliver on time, they will pay a penalty of Rs 4 per sqft.
I request someone with experience of other builders what is the standard penalty rate in Bangalore.
Rs 4 seems too less, as a 2BHK (1011 sqft) at Skylark Ithaca costs about Rs 50 lakhs. Penalty will be less than Rs 50000 per year, which is about 1% of investment.
Skylark, in their agreements of another property called Esta, had a penalty clause of 18% payable to buyer in case of delay in possession.
My cousin have booked a 3 BHK unit in Bhartiya CIty.. its Rs. 3.5 / sft there.
Don’t get fooled by the penalty clause. Its will be there just for name sake in the agreement with lots of ifs and buts. No builder gives any penalty. Even if they give, after all the ifs and buts, it will be peanuts.
@Rabindra
Rs 4 is peanuts compared to actual interest which comes to around Rs 22 to 25 per sq. ft.
Regarding Esta, going by the posts , looks like they are not yet committal to pay even a single penny. And even if they do, no builder will pay at 18%. That will be crazy, going against their basic cost structure. Even if they do, after paying at 18% for few months, they have to abandon the project for ever, as it will eat into everything they gained so far.
Esta is already delayed by SEVEN months, with no signs of completion. Considering Ithaca being much larger project compared to Esta, expect delays, probably in YEARS.
Hi Arvind,
I am looking to book a 2bhk apartment in Skylark Ithaca.
And after all the discussion and opinions above, I have a little discouraging feeling.
It would be great, if you could share the agreement copy.
Thanks & Regards,
Fani
Don’t be in a hurry to book. Get the agreement copy from someone. Go thru it and then decide. Please do not believe the sales people. They may promise you to change the agreement but believe me, no one will change the agreement. Take a wise decision and live happily
Yes..but how to get the agreement copy?
I have requested for it from Mr. Arvind.Lets see.I am waiting
Skylark had committed to beginning excavation in April. No sign of it yet.
Concerns raised by us buyers over unfavourable clauses in draft agreement on April 5th have not been responded to.
– Concern over clause that builder and their friends, colleagues & servants will retain
perpetual rights to Ithaca clubhouse
– Concern over clause that builder will charge 3% as commission anytime a flat is resold
in Ithaca
– Concern that buyer will have to agree to Time Linked Payments instead of Construction
Linked payment
– And many more
Only thing that the Customer Relationship Management team at Ithaca have been promptly and diligently doing is ask for payment.
I am looking t take pls mail me sandybeesetty@gmail.com
Hoodi railway over bridge is completed and open for public now.
I am going to sign the agreement on 11th April. I have got the draft agreement copy and draft construction copy. it is 50 and 25 pages respectively. I am not sure what all should I check can i go ahead and sign? Please help. Call me at 9845454969 if you all have any updates
please join owners group. Also there is a meeting planned with Mr. omar/Anuradha on ithaca site at 1:00 PM 5th april. You can join for any clarification
Have you/any body enquired about occupency certification about the builder before going to the agreement, since HT line is going amid of the project, It would not be possible for the builder to get OC, hense getting loan during resell will be a big problem.
I know a big brand builder project in Bangalore, where HT line passing through the project, builder made it undergound at his own cost, but after 5 years of completion of the project he is not able to get the OC.
The line passing through Ithaca is not an HT line..it is a LT line..Skylark has the approvals from BESCOM to redirect it ( you can approach ithaca authorities if you want to see the same)..Ithaca has to redirect it at their own cost and BESCOM will only facilitate..hence redirecting is not a BESCOM task and hence you can rest assured that it will be done.
Also,if ithaca has to come up,they can do so only after the line is redirected,else they will obstruct the heavy machinery ..
I have asked Skylark about this last week. Still waiting for their reply. Tey haven’t provided commencement certificate and my lawyer is asking for that.
I asked the Ithaka team and was told that they have the sanction to do it and will send me the same by mail, but yet to get it from them
As per skylark people it will take 6 month to complete the LT line re-routing work, than onlt excavation can start, so its a 5-6 year completion program and only project in bangalore where LT lines are passing amid of the project and HT line are touching it, means its an area which is fully protected by LT/HT network, add on to this 12 month lock in period is newly born story.
To me it looks absolutely rubish, and better to quit this project timely.
Has anyone signed agreement?
There is a google group where there are lot of discussion going related to agreement and for some other stuff , register there and will get lots of info.
pl send me the Google link
skylark-ithaca-owners-forum@googlegroups.com
Search for the above name in the google group, there you can find the info how to be a memeber of this group
No group exists with this name. please add my email id irfan.sjce@gmail.com
https://www.facebook.com/groups/skylarkithacabuyers/
Dinesh.. i am already a member in your group. Once again, thanks for adding me and thanks for the latest update that you shared after talk with Anuradha.
Can you please add me to to the group.
I recently booked 2.5 bhk in skylark ithaka
hi Virendra could you please give me your mobile no, even I’m also looking to book 2.5
Thanks,
Sanjeev.
Hi Sanjeev,
Please get in touch @ 9591974666 (Skylark Sales)
What is the psqft rate right now ? Why are you going so inside. It is not even like it’s a brand a builder. Okie.Okie types.
Secondly … again i dont understand why do anyone goes for a property which has high tension power supply line running inside or close. These high tension wire have capability of building damage/threat to life. Maths say 50/50 chances , too high a risk probability.
Although the skylark ground folks say that will go under-ground… blah-blah… but till the time it doesn’t goes inside what’s the hurry with this property.
You can check out properties on SH-35 Kadugi-OMR link road. Rates would be 100-200 here and there but long run that has better prospects. Property is good only if the location is good. Ithaca should be big no.
Hi All,
The google group skylark-ithaca-owners-forum does exist in Google groups.
That’s a one-stop group to exchange the buyer’s opinion.
Kindly join by sharing your apartment details…..
Go to Google groups and search. Result from the search will yield the results pasted below:
Search results for skylark-ithaca-owners-forum
Sorted by relevanceSort by date
Posts: 0, groups: 1
===========================================
Groups matching skylark-ithaca-owners-forum
Skylark Ithaca Owners Forum (Member)
This is a closed group for owners of Skylark Ithaca Project at Whitefield
106 topics last post: 11:46 AM (11 hours ago)
Kindly add me , Cpradhan01@gmail.com T7-18-3. I have find any groups
My T7-18-3
Kindly send me the link to join
Go to https://groups.google.com/forum/#!overview
At the top of the web page search “skylark-ithaca-owners-forum” .
Once it finds the group it will ask for you to sign in to google group ( use your gmail login account) if you do not have any google account id then you need to create one.
Once you login using your gmail id it will give information about how to be a member of “skylark-ithaca-owners-forum”
Thanks
I am interested to transfer my flat 2 BHK ( 1011) sqft booked at 3500 psft.
Please get in touch with me on FB or naveen_kak@yahoo.com
Hi,
There are number of posts about flat transfer. Has is it been done for anyone ? If yes, then how much was charged by the builder for the transfer procedure?
I am not sure if builder will allow the same before agreement.
someone wants to name transfer 1 bhk call
09892539353
Hi All,
Recently got to know that in their project Skylark Esta at Hoodi, they are using all Chinese material, be it flooring, windows, doors, bathroom fittings, sanitary fixtures, elevators etc. This is despite that fact that Esta is supposed to be a luxury project and is now selling at upwards of Rs.5000 per sq ft. I wanted to book in Esta / Ithaca but after hearing this I am very much concerned and have decided not to buy at Esta or at Ithaca. Anyone planning to book here, may please check with any of the Esta Buyers.
Be careful of what they are saying at Ithaca and what you will get on possession.
Rahul
Even I got to know the same from someone staying in Arcadia about chineese material. Along with it the developments of that area depends on government – road widening etc. Again I heard that the place has worsened from the last 1 year rather than improving.
Another point which could lead to delay is Shifting of LT lines.
Also – The timeframe of 3 years for 1800 flats looks very dodgy.
The rate is very high for this location for a apartment.
Too many doubts.:(
Hi,
I am not very sure what they have used in ESTA and what they had mentioned in the agreement.
I feel all these point should be addressed while making the agreement so that there is no confusion at possession time.
Regards
Rahul
Thanks for updating us Rahul. Appreciate if you could let us know your source. Btw, cant understand why are they asking 5k psft for ESTA. Its in advanced stage and a large number of units are yet to be sold.
Hi,
Since there are 2 Rahuls in the same thread, I shall add 01 to my name and share.
@ Rahul: I have checked with close friend of mine who is a buyer at Esta. The agreement says, Bathroom Jaguar make or equivalent or imported and so on for other things”. They have just gone by procuring “So called EQUIVALENT” in all the case and there is no definition of what is EQUIVALENT. This simply implies there intention was always to use Chinese (imported) material and never to use branded material. It was stated in the agreement / brochure to attract customers. Looking at my friends situation, I am better off by buying in with some local developer at a lesser rate at least he will not say he will use branded and I will not expect him to do so…
@Sachin: A friend has bought in Esta and that how I came to know of it. They are charging 5K + just because project is in advance stage and also nearby people are selling at 5.5K + (Brigade Lake Front / Cosmopolis…)
Rahul 01
Hi..anyone interested to transfer 2 or 2.5 bhk flat …please contact me @7411615650
Interest 2.5 transfer. What is the rate per Sq feet and let details like unit facing etc
Skylark is not allowing transfers anymore prior to agreement.
Please contact me
I am planning to transfer my booking for 2 BHK ( 1050 sqft) , ( no pre emi offer), u can change the plan option..
if you are interested pls mail back on chakriat@outlook.com
Hi Friends,
I am planning to book a 3BHK in Ithaca. Anyone willing to transfer please mail me at vasu_guy@yahoo.com.
Does anyone know if SBi approvals are in place?
Also, amenities wise for 2000 apartments amenities like 1 tennis/volleyball court, did anyone of the buyer enquire about it?
Regards
Hi,
I am intrested to buy 2BHK in Skylark Ithaca,
Please let me know if anyone intrested to transfer their Pre-Launch booking.
I would prefer Non South Facing flat.
Ashish D
Mail : ashudeo@in.com
M : +91-9900597714
Hi All
I have booked an apartment in this project . Would like to know if anybody paid the 10% amount which they were asking for, I got an emai and a call from them demanding for the 10%.. Also I booked under “No pre-emi” option would like to know if anyone still continuing with this option.
Thanks
I went to their place post the frequent calls asking for the 10 % and they have not been able to answer the Tax deduction of the amount and said they will get back. What they say is that at the time of registration( that could be 2 years from now) they will allow the deduction. This is against the new guidelines from the RBI and so I nave told them to confirm their view in writing before making the payment. They are yet to get back, I am very sceptical of their designs!!
call me on 9739171700
I have also booked a 2.5 BHK apartment with skylark in no pre-emi option.
Please reach me on my gmail id: 9886765046.
Hi Anybody booked flat in pre lauch?
Now they seem to have changed payment schedule?
As per prelaunch while booking, the payments have to done as the construction proceeds.
But the agreement tells the monthly schedule of payment
We havent signed the agreement due to variance and now getting demand notes for payment.
Revert to me on sheetal.107@gmail.com if anybosy facng same issue. thank you
Hey truth.
which sumadhura are you talking about? hope its not sumadhura srinivasam..the location is worse than ithaca..esp connectivity..monarch aqua..it was a project launched by some other builder and taken over by monarch..their track record with their projects elsewehere ( hennur road) is really bad..
the only amenities i want is lots of open spaces for my kid(s),a swimming pool.cycling and jogging track..currently no projects in the 50-60 lakh 3 bhk..has these amenities..
Looking for 2.5 bhk flat..any one interested to sell it then plz contact e at siddharth.jyoti@gmail.com
Please contact me at neerasai@gmail.com or 9811353149
Nobody can sell he flat till 1 year for agreement, skylark had delaying agreement itself for many. Worst builder in all aspects.
I want to seel my 1BHK measuring 605 sqft 5 Floor, tower4 east facing and swimming pool facing for better deal
Contact: 9686700145