Value and Budget Housing Corporation (VBHC) has announced the pre-launch of their new residential apartment project called Serene Town. The project is located on Kannamangala Road, Off. Kadugodi – Old Madras Road and located close to Sobha Amethyst and Adarsh Serenity. The project is a collaboration with another company called Axis Spaces. VBHC Serene Town will be a high rise project offering 224 apartments on 2.6 acres.
VBHC Serene Town Options
- 2 BHK – 957 sft
- 3 BHK – 1312 sft
VBHC Serene Town Location
Key Distances
- Vibgyor School – 2.6 km
- Old Madras Road – 3 km
- ITPL – 8 km
- Forum Value Mall – 9 km
VBHC Serene Town Price
As of 2nd week of March 2014 a special pre-launch price of Rs. 3200/- for a limited time and for few customers
VBHC Serene Town Concerns
- Connectivity across the narrow Kadugodi bridge is a concern with several hundred apartments coming up on the Kadugodi – Old Madras Road stretch
VBHC Serene Town Investment Plus Points
- Coming up in a decent and fast developing neighborhood
- Attractive pre-launch pricing
- Close to new offices being setup at Beary’s Research Triangle
Take the poll – Is VBHC Serene Town a good investment?
Hi -I am intrested in buying 2bhk N, E or W facing. My budget is little less still let me know if there is anything available. Thanks.
Hi all ,
My flat is on 7th floor in C block. C block is basically having open space on three sides. Also, this is a premium flat as its EAST facing and on 7th floor.
Reason we selling is we settled in abroad . so we are looking for immediate buyers.
If anyone interested please call me or mail me .
what is the price for this inclusive of all things ?
3 bhk or 2 bhk?
Please give your contact details. Is it 3 bhk apartment? What is the price that you are quoting?
block-C. The SFT is 1312.
Its a 3BHK flat
please email your details to , i will contact you
Hi,
What price you are selling exclusive registration.
There is active Google group and WhatsApp group for owners in this project.
To join.
https://groups.google.com/forum/#!forum/serenetown
We have a pool facing 3bhk flat for sale in 6th floor.Flat will be ready for interiors in a month’s time. If interested, please drop a mail at
Please email me the details to
What is your all inclusive expected price?
We are expecting 69 lakhs all inclusive ,slightly negotiable
Hi Lakshmi!
Is it still available??
Hi Puja,
Yes.It is available.It is ready to move in with Occupancy Certificate . Please drop a mail at to discuss further.
Regards,
Lakshmi.
Anyone interested buying a east facing 2BHK ? please get in touch with me at .
expecting 4100 base price.
If anyone is interested in buying a premium location 3BHK flat then please contact me at mailtobb2 (at) gmail.com.
Interested
8129386262
We have a pool facing 3bhk flat for sale in 6th floor at a very attractive price compared to builders price. VBHC has received OC for this project. Flat will be ready for interiors in 20 days. If interested please drop a mail at
Hi Guys.. I have booked the last 3 BHK D-1404 last week.. they were quoting 4500 per sft and after some barganing got at 4200 sft.. am a late comer in terms of pre-launch..the price does look a bit on the high range .. the future prospects of the location made me book here in terms of the East lalbagh, triangle corridor coming up soon in the area.. Even though currently location is a bit isolated there are lot of builders like sobha,mantri, mims etc in the area and so grocery and department stores , bus connectivity will improve…Kannamangala area is the NEXT BIG BOOM area and so lets see how it goes. I have requested to be added in the google+ and the commonfloor groups. Please have a check and hoping to share info and updates among us – the owners. have a great week ahead..
Hi Jay,
I am finalising on the 3BHK in 14th floor and would request your contact details to discuss on the rate part. Thanks in advance…….Best Regards PS.
Hi PS..which is the unit you plan to book ? you can mail me at
which unit have you booked ?
Jay, I have a 3BHK on sale. Please contact me for further details at mailtobb2 (at) gmail.com. Thanks!
Nearly 1500 flats are getting possession by this year end at AWHB (defense) in this area. In 2015 many apartments in this are going to be ready, Alpine Viva, Tiwoli, Sumsdhura shilkharam. Many more to follow.
But there are no signs of infrastructure plans.
No plans of kadigodi bridge widening.
No plans of PRR.
Metro is distant dream.
I feel some rulings should be made such that approval s can’t be given unless sufficient infrastructure in place.
Without any infrastructure builders are quoting 4k psft. If there is good infrastructure builders will start quoting 8K psft. At least without any infrastructure, people are able to afford to buy. With good infrastructure no one can afford to buy.
Update on East Lalbagh: The city will soon get its second Lalbagh at Kannamangala nea Whitefield. Sources from the Horticulture Department confirmed that the spadework for the garden has already begun. The department is developing the botanical gardens across 63 acres.
Horticulture Deputy Director M Pavithra told City Express, “The topographical survey is complete and work is on to ensure the park gets adequate water supply.”
The idea is to build it on the lines of the 45-acre Lalbagh, commissioned by Hyder Ali in 1760. “However, we still haven’t decided on a name,” said Pavithra.
Sources said officials have been debating what to name it. “While some prefer just to call it Botanical Gardens, others want to call it East Lalbagh. The name will be finalised later.”
The project was proposed three years ago. Once the state government gave its approval, the authorities identified some coconut plantations at Kannamangala for the purpose. “There are over 4,000 rare species of coconut trees in the area. We are developing the garden without disturbing them,” said Vijaykumar, assistant director, Horticulture Department.
“Once the water work is over, we will plant many rare species, including aromatic and medicinal ones. New lawns will be laid in a couple of months,” he added.
Sources confirmed that the government had already released around `3 crore for preliminary works.
“Water fountains and ponds have already been built. There is a problem with ground water as 10 borewells on site have failed. We have now asked the BWSSB authorities to provide water,” he added.
Source :
http://www.newindianexpress.com/cities/bangalore/Another-Lalbagh-Soon/2014/09/24/article2446029.ece
We have got a pool facing 3BHK for sale in the 6th floor. If interested please drop a mail at .
is it built now …its two year so just wondering
Structure and finishing is almost complete. Possession is promised at year end (December) with OC.
Yes. Almost completed.
In process of getting OC and then possession.
Exterior work is going on.
I saw your comment about PRR in other project, sumadhura shikaram discussion.
Can you please share the details.
Its not completed yet. But as per the progress hand over will start in November-december
Hi Guys, good to read through this to understand about the property. I visited Serene town early morning today and found interesting. Any one has any idea about Metro phase 2, if it is going to be close by to this property area?
I was told the rate is 4000! So thinking it is on higher side…any views?
The quoted rate is Rs 4000/- but I think you can negotiate to 3800/- per sqft. Add another 25% for parking, amenities, VAT, ST, PLC, so the all inclusive price (excluding registration) would come around 4800-5000 per sqft. If for self-use then you need to decide based on your needs, funds availability etc. Excavation has started for Serene Town and SBI has approved the project.
Nearby Assetz Marq is pre-launched at BSP (Basic Sale Price) of Rs 4200/- per sqft. I see advertisements for Nitesh Forest Hills around Rs 4500-5000 (all inclusive+registration). Further down Briagade Golden Triangle on Old Madras Road is selling at BSP of Rs 4300/-. So, unfortunately, the prices are high everywhere irrespective of the location or builder reputation due to the property investment mania .
If it’s for end use, if 957 sqft 2bhk is OK and want within 50 lac, all incl, in this location then this is a good choice, but can’t say it’s a best choice.
It all depends on individual preferences.
If it’s for nvestment, then no a good choice. Price moved from 3200 to 4000 within 2 months, just because of affordablity.
Metro proposal is near kadugodi
Thanks Baasu & Hari.
Can someone suggest Assertz Marq or VBHC Serene town? which one is better.. VBHC has told all their 3 bhks are sold and 2 bhks are only available. both of them are charging almost same. I have visited both the site and feel VBHC has better quality but houses are quite compact while Marq is located on Main Road, coming up with township but we will only get 70% and also some of the matertials like Main door I didnt like much. I am looking mostly for investment. Could you suggest me?
VBHC carpet area is around 74% and price is around Rs 4150/- per sqft. You can check the model 3BHK apt of VBHC and see if it fits your needs. If you can manage in that space then decide. You can always access the commercial space (only the commercial space and not the parks etc) in MARQ while staying in VBHC. From investment perspective, if the your purchase price is lower, then it would be relatively easier to sell. The drawback of VBHC is the lack of choice in apartment selection
Thanks Rajesh. Yes Lack of choice is a big concern. I also looked at Urban Forest and if I compare with VBHC, VBHC seems little on higher side. Not able to decide it on? I also visited Campan Valley. Any idea on this will be helpful.
Why is it taking so long for them to get the sbi approval.
SBI approved this project.
This builder looks to be too rigid in terms of agreement clauses. All clauses are to protect their interest. Any one wants to share his/her experience around agreement details?
This builder is far better than any others. Refer to my earlier comments in this page.
Initially I also felt agreement is one sided. After series of discussions they amended the agreements for all. They listen to customers.
You can check with anyone who booked.
I wonder if 2 Rs/SFT/month delay charges is practical? Even the maintenance charge they are collecting is more than that, leave alone the flat rental.
Earlier, builders used to mention as 18% p.a. But now, Rs 2 to 5 became norm.
They also add so many exceptions to it apart from 6 month grace period.
It becomes impossible to get this penalty paid, with the norms mentioned under this clause by any builder. Best example exemptions are non-availability of sand, delay in approvals.
Hi,
So probably I found this project a little late. Any idea what is the rate now and ofcourse does it still make sense to invest here.
Thanks !!
The quoted rate is Rs 4000/- but I think you should be able to get it at Rs 3800/- per sqft. Project was launched at Rs 3200/- per sqft in March,2014. Add another 25% for parking, amenities, VAT, ST, PLC, so the price would come around 4750-5000 per sqft. If you are looking for investment then I would say its a NO at this price. If for self-use then you need to decide based on your needs, funds availability etc. But renting turns out much cheaper than owning an apartment!
VBHC is no different from other builder.
Agreement is one sided.
1. Delay penalty is Rs 2 per sqft per month. Payment schedule is 3yrs with 6 months grace period.
2. Payment schedule shows, they complete one slab every 8 days. They plan to complete 14 floors in 4 months.
4. They want buyers to share all the amneties with buyers from other projects if they construct in the vicinity.
5. They want to retain rights on terrace. Strange.
6. No details about transfer charges.
Glad to update that, vbhc listened to customers and modified the agreement on points 4, 5 and 6.
Transfer charges r Rs 25k.
As per the Karnataka Govt Gazette here, land notified for Acquisition for PRR Extension to construct bus terminals.
http://gazette.kar.nic.in/16-09-2010/Part-3-(Page-3929-4136).pdf
Page numbers 113 and 163, show that100 acres of land in Kannamangala village for building Bus Terminal.
This is additional land, over and above the land notified for PRR.
The survey number in which this project is situated is not there in the above notification.
I’m surprised to see that, many completed buildings like Mahaveer Verna are falling under this notification.
And I see many apartments constructed in the land notified for PRR also.
How govt going to execute PRR project with people living in those buildings.
Now the rate has been increased to 4000 Sq.ft. I enquired now and they said it was 46 Lakhs for 2BHK(Including Registartion,Tax). SInce budget was out of my hand,i Skipped this..
I am concerned about the water situation in Whitefield.Can somebody enlighten me as to how this project is getting water?
As per my info,they have borewell water.
This area comes in the list of places handed over to BBMP from BDA. Vbhc currently have only the BDA approval. Dont you think they need to get the BBMP approval as well?
When was the handover done. All the projects in that area have only bda approval.
Has anyone checked the legalities and ownership with any lawyer?
VBHC has not shared the legal documents yet. As per the RTC records on bhoomi website entire 2.06 acres land belongs to sudheendra. Don’t know who is he.
Legal aspects of the project look to be clear.
Anyone see any concerns or risks with this project?
Is the project launched? I didn’t see any advertisements from VBHC directly.
Any updates on legal docs and bank approvals. If launch happened, those things should be available to the people who booked already.
The “Bhoomi Poojan” was organized on 14th April and that should be the beginning of construction.
Pls check with VBHC directly for all the necessary documents.
Out of VBHC Srerene town and Prestige tranquility, which is better with regard to value for money and staying.
Best advice that anyone will give – Go visit PT on a weekday in daytime and spend 30 mins there on the site, move around and see the entire location. Then go visit VBHC ST area and check that site. Your question will be answered by yourself. You won’t need anyone else to answer it 🙂
Disclaimer: Though I liked VBHC, was out of my budget, so skipped…
@commonor,
Thanks for your input.
VBHC offer was 2BHK for 40L (including all charges, service tax and vat, except registration) @3300 psqft..
I could not able to find any other project with 5+ floors in whitefield area in this budget.
Is the rate at 3300…Are you sure? When I went with a friend to enquire at the project couple of weeks back, they mentioned the rate as 3400 + premium charges. Has the rate reduced from then. Budget was the main reason for me dropping the project.
Pls check and respond.
Hi Commoner,
When you had posted your message (15th March), you had mentioned that the price has been increased to 3400/- per sqft. The price was increased from 17th-18th March but to 3300/- per sqft. then the price was increased to 3400/- from 24th March and then to 3600/- per sqft from 1st April.
3300 quote was on 24th March. I’m not sure when you visited.
With 3400 psqft, it might cost 1.2 lacs extra.
During the price ranges 3200 – 3400, bookings were happening fast.
I came to know that, they are now selling at 3600.
Rate was 3200 to begin with which was increased to 3300 within a week. But I think they increased parking charges, club House, power back charges also at that time, so the increase was more like 140 rs or so.
Current price is 3600, I think.
The price is now 3800 psft.
It increased from 3200 at the time of pre-launch (March 1st week) to 3800 @ launch (April 3rd week).
@Commoner I am not based in Blore and hence not visited the site.Are you saying that Serene Town is better than Prestige Tranquility
Price was very tempting. But I dropped the plan of buying as none of 3BHKs are vastu compliant. Anybody with opposite views..? Btw how much are they quoting now for 2BHKs..?
They’re currently quoting Rs 3600/ sq ft., so thats Rs 400 more than the pre launch price in just 2-3 weeks. So 2 BHK comes to around Rs 39.59 L + registration. More than 4 L increase compared to pre launch so I wonder if it still makes sense to invest here at this price. But the price may go up further.
It’s still in pre-launch stage. Launch expected on 14th April.
Yes they started with 3200 and now selling @3600. They said, Launch price is going to be 3800.
Is this a good project from the investment point of view for 3-4 yrs of horizon?
I booked a 2BHK considering the price is lowest in whitefield area due to low basic cost and small size. Going forward even if the appreciation is 10-15% y-o-y, the project will still be affordable to many. Any feedbacks are welcome on the project’s investment option.
@Gaurav…
Kadugodi/ Kannamnaglala last year was around 2700-2800…this year many properties seem to be at 3000-3100 based on how you negotiate and who the builder is . Basically area nrear sai garden / HP petrol pump seems at this range.
So basically, we should not go by what VBHC does with its own pricing in this project . We could rather think realistically a 10-11% YoY till next 5 yrs should be a fine estimation.
After the next 5 yrs when PRR seems more near to completion plus with Metro coming till Kadugodi and the possible Mall/ Hotel coming up on main road ( I thing the property is being developed by Aubergine developers ) around 1.5 kms from VBHC then, we can estimate the YoY to be much more than 15% even by the most conservative estimates.
The above is my opinion based on searching and following properties in this stretch of Bangalore over the past 1 year. My study is from kadugodi , kumbena agrahara and till kannamangala.
Hi,
Can anybody confirm that “D” block has east facing balcony.
I could not find block wise picture of the building.
Thanks,
Mayank
Yes, A, B and D block should have east facing balconies but West facing main/entrance door. C-Block should have West facing balconies but East facing main/entrance door.
Hi Ramesh,
Have you booked any flat in this project. You had concerns about their previous project in Anekl right.
Whats your opinion on this project.
I visited their Anekal project and talsked to 2 residents. They said quality was ok….nothing great but not poor also. The project looked ok. They had some leakage issues in Phase-I which were subsequently corrected. No leakages in Phase-II. I have booked a 3BHK in Serene town.
Yes D block has two flats 3 & 4 have east facing balcony.
Is it 2.6 acres or 2.06 acres?
Its 2 acres, 6 guntas (1 acre = 40 guntas) which is around 2.15 acres.
I am impressed with the project. Booked a flat in B block – 903.
Surprised to see that The Board of Directors of VBHC are top professionals from different industries and are Highly qualified.
Jaithirth Rao Chairman
› BSc Loyola College, University of Madras
› MBA, IIM, Ahmedabad
› MBA, University of Chicago
P S Jayakumar Managing Director
Mr. Jayakumar (Jaya) holds a Master’s Degree in Management from XLRI, Jamshedpur, a Master’s Degree in Commerce from the University of Madras and is an Associate Member of the Institute of Chartered Accountants of India. He is also a Gurukul Chevening Scholar from the London School of Economics and Political Science (1998)
Alok C. Misra Non – Executive Director and Chairman of VBHC, Audit and Compensation Comittee
Mr. Alok Misra currently serves as an advisor to WNS (Holdings) Limited [NYSE: WNS], a leading global business process outsourcing company. Mr. Misra is an Independent non-Executive Director on the boards of Value and Budget Housing Corporation Pvt. Ltd. and 3D Technopack Limited.
Mark Fuller Non Executive Director, Chairman and Chief Executive Officer of the Monitor Group
Mr. Fuller holds an MBA from Harvard Business School, JD from Harvard Law School with Honours. He is a member of Phi Beta Kappa. Mark is the Chairman and Chief Executive Officer of the Monitor Group, a firm he co-founded in 1982. The Group currently competes in three different business areas: general management consulting, principal investing and intelligent products, such as software.
Mark Fuller Non Executive Director, Chairman and Chief Executive Officer of the Monitor Group
Mr. Fuller holds an MBA from Harvard Business School, JD from Harvard Law School with Honours. He is a member of Phi Beta Kappa. Mark is the Chairman and Chief Executive Officer of the Monitor Group, a firm he co-founded in 1982. The Group currently competes in three different business areas: general management consulting, principal investing and intelligent products, such as software.
Nikhil Prasad Ojha Alternate Director to Mark C. Fuller and Managing Partner for India at Monitor Group, A Leading Global Strategy Consulting Firm
Mr. Ojha is the Managing Partner for India at Monitor Group, a leading global strategy consulting firm. He leads the firm’s practice in India and is a part of the Asia-Pacific Leadership Council. He has consulted extensively across a number of sectors with core focus on strategy formulation and organization development.
I have visited the site 3 times. Model flats are attractive and tempting. Assuming model flat dimensions are same as actual, 975sqft home also looked spacious enough.
I have decided to opt for a 2BHK in this project because of following reasons.
1. Offordable pricing. Overall budget for 2BHK is going to be less than 45L. The payment schedule is good.
2. Approach road is wide. There plans to further widen the Whitefield-Ashram road (the road joining Hope farm and NH4)
3. In that lane, there are already 4 villa projects and this is going to be 3rd Apartment project.
4. Beary’s Global Research Center is functional and already 2000 employees working there.
5. Brigade Golden Triangle work already started, it has office space and mall.
6. School is near by (VIBGYOR).
7. Government had, 40acre land (Botanical department). If not becoming Lal Baagh also, it can still serve as good amount of green space in that region.
8. 335EK, Volvo bus which connects Hoskote and Majestic via ITPL is frequent now.
On the negative side.
1. No nearby grocery and vegetables stores. Hope they will come in 3years.
2. Kadugodi fly-over is narrow.
3. There are no options between 957 and 1300sqft. Only two options.
I have booked a 2 BHK few days ago in C block ( C 401). Would like to be a part of google group as and when it gets created.
Hi,
Everyone please join the VBHC Serene Town group on commonfloor. You will have to click join owners community. Many have already joined the commonfloor community os its better that we have one group.
There is also a google group (you can see the link in the posts below) which seems more active than commonfloor. Lets have only one group. From ease of joining, google group may be better.
https://groups.google.com/forum/#!forum/serenetown
Please join this group if you are a owner..
Hi Rajesh et all,
I have created the CommonFloor community for this project and I think the CF will be much better to manage the apartment communities.
Please join on commonfloor if you are a owner.
Thanks,
Vijay Agarwal
Hi All,
Please provide some insights on this property as i am planning to book here.
I realize that VBHC is a builder and Axis space is actual landowner for the project.
Is it a matter of concern in future???
It is the first time i am dealing with real estate so feeling anxious about it.
People who have dealt with this builder,please comment.
I have booked a flat in C block.
In Bangalore max apartments are built like this only where builder and landowners are differnet entities.
So this should not be a problem.
Have a look of the location and model flat.
Then take your decision
On commonfloor and mouthshut there are quite a few negative comments for their VBHC Vaibhav project in Anekal like water leakage issues, construction quality, lift maintenance etc. Is this the reason why the price is low?? Can any exisiting customer of VHC provide some feedback.
First off, I did go through the reviews on Mouthshut. I found most of them laughable. Some buyers are angry at:
1. ) delays (reality – they did delay because the Govt. depts wanted massive bribes which they didn’t want to accommodate but they paid compensation beyond grace period – no other builder pays a cent),
2.) rental prospects (seriously – if you expect rental guarantees from builders, you need to have your head examined),
3.) power problems (I live in main Whitefield and had 12-hr power outage every day last week, this isn’t Mumbai/Delhi and they haven’t guaranteed power backup for 24 hrs – the power backup in the low-cost project is for 50% common areas),
4.) bachelors (most of the people who bought are investors, who need rent and give to bachelors – how the heck, is that VBHC’s fault – let the society ban bachelors – but the society committee contains many investors – who don’t have the guts to do that)
5.) Leakage – They did have some leakage problems in some flats (10-15) of Anekal Phase 2 – but they have been fixed AFAIK.
I also know of a society committee member who tried to force the installation of a telecom tower on any building but his own.
The problem with Anekal is not quality – its the price – most of the flats are given at 2200 and less rate with decent amenities which led to mostly investors and idiots coming into the society. In NCR, there is famous word for the SEC level of society – gentry. Its not the gentry, you expect (personal opinion, no offense intended).
VBHC has delivered what they committed in Anekal – no more, no less. Its a developer, not a charity – and some of these people in 2200 had expectations of full power backup and grade A amenities which thankfully, I did not (having stayed in a Prestige project). I do have a flat in the Anekal project.
Lastly, my best and sane advice for you is go see the Anekal project (keeping in mind the rate of most of the flats – some were also sold at 1400 without one rupee escalation) and then decide, whether VBHC is good or not.
Rest you need to decide for yourself.
PS: I know several people who are previous customers in Anekal who have bought in Serene Town (I didn’t because of lack of budget and because the amenities sound too expensive to maintain). If that isn’t statement of quality, I don’t know what is.
Hi All,
I have booked a flat in VBHC Serene Town. Here are some of the plus points that I have observed:
– The location is awesome. It is in between Mantri Globabl Heights and MIMS Crescneta.
– The prices are great now and will shoot up as soon as they launch the project.
– The model flat is great and the fitting all are good.
– Though the areas is less for 2BHK and 3BHK, the layout is really good.
– It is good for both investment and living.
– Their payment plan is good.
– They are not saying that they will give the possession in 18 months or so which is not possible. A lot of builders said that but it can’t be possible for a high rise building. As per VBHC, they will give the possession in mid 2017 which is more realistic.
– The dealing with the sales team was excellent and better than most of the big builders.
– Though there are some negative reviews, there are more of positive reviews from a lot of people as well.
With all these good points, I have decided to go with VBHC Serene Town and booked Flat C 603. Their sales is going very good and they have already booked around 75 flats out of 224 flats.
Let me know if anyone else have also booked the flat here. We can form a group for the owners. My Email address is .
Thanks,
Vijay
Hi Vijay,
I have blocked a flat C-301 in the serene town. I will be booking it tomorrow. Just wanted to know why the check has to go on the name of “IVORYBRICK HOMES LLP”?
I had discussion with them on this point and they have told that VBHC created a joint venture with the land owner for that and it will be better for us as we are directly dealing with the land owner. They will write it in the agreement copy as well.
I had a discussion with my loan consultant as well and he also told the same so it should be fine. He is going to verify some of the other things by EOD today and let me know. I will share the information with all then.
I will be going there to book it tomorrow as well (I have blocked it for me but will give the cheque tomorrow). We can catch up at the same time if you want.
Send me a mail on my email address @
Thanks,
Vijay
Hi Swati,
I am also going to visit the site tomorrow. We can catchup at the same time.
Please send me a mail on .
Vijay
I also booked a 3BHK in C-Block yesterday. Can we start a google group to keep in touch.
Hi, I have booked a 3 bhk in b block. Regarding the joint venture, its like dealing with a single entity instead of dealing with 2 – land owner and developer in which case you have to make a tri-part agreement and I feel this may be better. However, I have no real legal view. If any one consults some legal experts, do let us know.
Hi,
Thanks for response. I couldn’t make time so i requested them to collect check at my address. I booked C-301. Did you book?
Can someone give feedback about their Anekal project, if you have seen it. How is their construction quality and finishing for the Anekal proejct ? I am yet to see the model flat for Serene town but I have couple of concerns:
1. The SBA of 1312 sqft is really small for 3BHK+3T+2Balconies
2. Since they are mainly into value/budget housing, how will this project turn out to be ? I mean we cannot go solely on the basis of model apartment. I am yet to visit their Anekal project.
As I replied to Ramesh PC, my best and sane advice for you is go see the Anekal project (keeping in mind the rate of most of the flats – some were also sold at 1400 without one rupee escalation) and then decide, whether VBHC is good or not.
Yes the 1312 is small floor area but they are mentioning 74% carpet – don’t know whether that matters. And the rate (3400 currently) with all the luxury amenities seems too good but its better if you go see the model flat and then decide – Paper analysis is pointless.
Last point is why I skipped the project – amenities sound too expensive to maintain and they are promising all in 3400. This is their first luxury project so risk is yours.
1312 may be small for a 3 BHK but I feel it has been managed well. I liked the floorplan, no space has been wasted, everything — bedrooms, living room, balcony etc are all proportionate, I have seen floorplans from good builders where balconies are extra large but rooms are small. All furnishings/fittings/doors etc were A grade. Tiling — flooring as well as wall tiles was excellent. Wooden flooring is definitely a luxury offering. And then 74% carpet area is good if not exceptional. Most of the so called grade A builders typically provide in the 65-72% range.
As far as amenities are considered, yes, the project is providing all luxury amenities but then its not as luxurious if you check the swimming pool size(30×18), clubhouse floor area etc. So, I wont say that VBHC is promising all unrealistic stuff at rock bottom prices.
I view the project as a luxury offering with all amenities but without going overboard and with lower unit sizes to still keep the overall price in lower range. In my view, it makes a lot of sense from an end user perspective who desires a luxury home with all checkboxes ticked while still keeping the overall pricing under limits.
I also booked an apartment in this project. IVORYBRICK HOMES LLP is kind of joint account between builder and land-owner. We can start a google group to keep in touch. Construction may start sometime in April/May.
Builder and project details –
Project is next to Sobha Amethyst and Adarsh Serenity in Kannamangala. 68 acres East Lalbagh botanical garden is proposed in the same location.
Land belongs to VBHC and Axis spaces (50/50). Axis spaces is a FDI fund of Centrum.
VBHC normally builds budget housing and they have already built 2000 houses across Bangalore and Chennai. Another 1000 apartments are in progress across Mumbai, NCR, Bangalore. This is their first luxury high-rise (as in 14 floors) project with all amenities. 224 apartments on 2.6 acres with basement + Stilt + 14.
Builder (IMHO) is reliable. Not a fly-by-night operator like several others. Suggest you go and check the Anekal project and see the builder completed project and then decide.
Today’s site visit details –
Went and checked the project today along with a friend who wanted to book a 3BHK.
The sample flat had luxury amenities – MBR wooden flooring, Jaquar bath fittings, Roma, really thick internal walls, tiling was very good quality and finish was excellent by VBHC standards. Have seen their Anekal project.
Sales informed they’ve sold 55 flats (out of total 224).
Price is 3400 (jacked up from the pre-launch of 3200). Car park, PLC, other charges are extra.
Power backup of 1KVA per flat. Delivery in 2017 (very late as per me). Carpet ratio of 74% which is decent by current Bglr stds. I guess.
Area is pretty empty now with just Sobha Amethyst/Amadeus, Adarsh Serenity and Mantri Global heights. Front facing land is owned by some educational institute for medical sciences and its reserved for educational purpose. So no RE projects may come on that. Diagonal corner land (68 acres) belongs to the botanical dept. of Karnataka.
Next door was Mantri’s project which we also went and checked up (out of curiosity). Mantri was completely empty, quality was pathetic (windows and doors looked like LIG housing) and it seems its re-branded project (by a second class builder). Price was an atrocious 4000+/sq.ft.
VBHC Sales also took us to the corner of the road to show the gate where East lalbagh site was approved (all we saw was a Botanical/Horticultural dept. gate, so God only knows when that will come up, if it will).
Finally friend booked one flat but I doubted whether they would be able to deliver all they have promised in their pricing. Luxury finish, amenities (power backup, pool, park, gym etc.) in 3400. Risk is entirely yours. Have seen too many builders promise the moon and not deliver.
Waiting for someone, with better knowledge of area and builder, to give the view on this project as an investment opportunity.
I think VBHC is a trusted builder to bank on. This Whitefield project is at a great location.