Assetz Marq
Assetz Homes is expected to soon open pre-launch bookings for their upcoming residential apartment project called Marq. The project spread across 28 acres of land will offer about 2500 apartments in a mixed development project located at Kannamangala, Whitefield -Kadugodi – Hoskote Road . As of June 9th 2014, Bookings are currently open for Phase 1 of 450 untis
Assetz Marq Options
- 2 BHK – 1234 sq.ft
- 3 BHK – 1457 to 1604 sq.ft.
- 4 BHK Penthouses
Area in the range of 1150 to 1700 sft
Assetz Marq Location
Opposite Army Welfare Housing, Kannamangala, Whitefield
Key Distances
- Vibgyor School – 2.6 Kms
- Old Madras Road – 3.0 Kms
- Forum Value Mall – 9.1 Kms
- Inorbit Mall – 9.8 Kms
- K R Puram Rlw Stn – 14.0 Kms
Assetz Marq Price
As of 9th June 2014, pre-launch price of
- 2 BHK – 51.8 lak (+ other Charges)
- 3 BHK – 61 lak (+ other Charges)
Assetz Marq Investment Plus Points
- Located at a fast developing residential neighborhood with many luxury projects in the vicinity such as Chaitanya Samarpan, Sobha Amethyst, 10 Downing
- Mixed development property of 5 acres commercial and 23 acres residential offers better chances of appreciation
- Close to offices at Beary’s Global Research Triangle as well as ITPL
Assetz Marq Concerns
- Water is definitely an issue, some pipe work is in progress for the supply of cauvery water to the AWHO and may get extended to the surrounding projects as well
- The 1.5 lane Kadugodi bridge will become the biggest bottle neck in future with several thousands of apartments coming up
Take the poll – Is Marq by Assetz Homes a good investment?
“Hey jaya,
You did an excellent job on this post! I’d like to add an extra productivity tip to your list if you don’t mind?
Assetz Property Group
Assetz Property Gathering has sent off the third pinnacle with open studio, 2 and 3 BHK homes, part of an extravagance municipality – 63° East in Bangalore. Assetz has as of now sent off two pinnacles with an item blend of 1, 2 and 3 BHK homes that is approaching fruition with 80% sold out & for get more details click here
https://assetzbuilders.com/index.php/007-assetz-marq-2-0/.
The undertaking has numerous other stand apart elements, for example, the 40,000sq-ft clubhouse and a wide scope of worldwide standard conveniences. There are north of 25 conveniences that will be given over stage shrewd which incorporates five pools, three badminton courts, committed strolling ways, skating arena, natural cultivating space, yoga deck,
amphitheater, porches with seating and arrangements for grill, library, high-impact studio, and so on
With supportability and green residing being the need of great importance, the homes at 63? East are planned remembering the inhabitants and the climate around. They have consolidated a few protection strategies inside the undertaking, for example, water reaping, strong waste administration, energy and water saving apparatuses, and so on
Have a great day,
i am planning to buy 3 bhk in asset marq 2, i have few quedtions,
1. does property have kaveri water ,if not then how is water supply managed,
2. is it a good buy considering they quoted 4900 rs per sq foot price.
3.As per RERA they are commiting handover by nov 2022. will they b able to deliver bu that time
Rs 4900/sqft including floor raise and premium charges if any? or you need to pay more?
Dear Sam, the base rate is Rs. 4950/sqft. The floor rise and premium location charges are additional and applicable based on the unit finalized.
Do let me know incase I can help you with anything else.
Please ignore this.
As always, the PLC and FRC depend on the location and the floor you have chosen.
Dear Jaya,
I have already bought a property with Assetz at Marq 2 and would love to help you out with your queries.
1.Does property have kaveri water ,if not then how is water supply managed,
Ans – The current water supply is borewell. Kaveri water pipeline is yet to be installed in this region.
2. is it a good buy considering they quoted 4900 rs per sq foot price.
Ans – The price quoted is quite good considering the present rate/sqft is 4950/sqft and I believe there are chances that it might increase further by 100/sqft. I would recommend that it would be a good time to make the purchase at this moment.
3.As per RERA they are commiting handover by nov 2022. will they b able to deliver bu that time
Ans – Yes, the hand over of the apartments in phase 2 (Tower 5) would be done by Nov 31, 2022, as per my knowledge.
Do let me know incase you have any other queries. Would be happy to answer them as well.
Hi,
Be careful with this builder. They build small flats like they build them in Singapore. Not worth the money. They have given carpet area of 880 Sft for 1277 sft build up area. Moreover, they will not let you see your flat until possession. By that time they would have completed all electrical and plumbing work and they dont even give you option for additional electrical points post handover. The height of the ceiling is also not high enough. If you fix a fan and if you are around 6 feet tall, it will touch your hands if you stretch your hands. They show tweaked model houses and actual flats dont resemble model houses. They also dont provide the interiors as they promise during sale, such as Quartz counter top for modular kitchen, which they promised to me during sale. Post handover, you need to pay additional charges for registration services, for doing interiors you need to deposit check to them so that, they can charge you if damages are done to the property during the work. Even for moving in and out they charge tenants the amount. Its its kind of a looting, from beginning and there is no end to it. If I had seen my flat in during purchase, I would not have invested in there. So, think twice before investing in Assetz Marq. The only positive side I can see is the club house, where you have different floors for different activities.
Hi Jaya,
I have also bought an apartment in Marq and i am very happy with my decision. To help you with queries:
1. Does property have kaveri water ,if not then how is water supply managed, – No. They have borewells and tanker water is also to be relied on..
2. is it a good buy considering they quoted 4900 rs per sq foot price. – Price according to me is fine considering other top builders selling at higher price in vicinity
3.As per RERA they are commiting handover by nov 2022. – They have to handover by this date else RERA penalty will kick in.
Alos, i tend to disagree with Mr. Venkat saying they build small flats etc. Each building has its own area of common area share and accordingly it is loaded. It all clearly written in the agreement. No builder allows to see the flat till possession as everybody would like to give comments which is not right until the builder feels it is ready to be presented. Additional electric points in standard building is ruled out as all the walls are of concrete and chasing is not possible. However, you can get them done in interior works. The height of the ceiling is also in acceptable range. Important point is you dont have beams and columns off-sets which effectively reduces the height in many areas. They have provided everything what is committed to me during sales. Regarding post registration charges, they clearly mention the same during sale and each builder charges it and its pretty standard. All move in and moving out charges are towards likely for any likely damages. Its all pretty common with every builder.
I suggest you to go ahead and buy the apartment without heading to people who are unnecessarily bringing down the value of their own property with negative comments.
Best wishes!!
HI Abhishek, I am looking for this property. If you have already bought a flat here, can we connect?
Hi,
Please think twice before buying there. They provide very small rooms and not worth the investment. The height of the ceiling is also less. If you fit a fan, it can easily touch your hands if you are 6 feet tall. The model houses they show dont replicate when it comes to actual flats. Post handover in the name of service charges they grab money and from there on looting starts. They are bringing small rooms culture which they have in Singapore to India. Also they dont provide what they promise during sales such as kitchen counter top of Quartz material etc.
Please also be aware of Assetz agents, who tend to post very good reviews about the property. So, my suggestion is go to phase 1 have a look at the flats yourselves and ask around and then go for purchase if you are satisfied with what you see. 4450 per sft is what I got it for during demonetization period. All the best to you. There is another community called Bharathiya city nikoo homes in Thanisandra, their project is good and its bit far off however it’s a very large community biggest in Bangalore. Check there once. You might get 2.5 Bhk 950 sft carpet area for around 74 lakhs including registration charges, for left out flats. The drawbacks are no ground water(they are digging bore wells now) and its bit far off. Its integrated community. All the best?
Dear Jaya,
We all are pretty happy customers of Marq. The property has well appreciated since the time we have invested. As the agent of a different builder is suggesting to visit, please do visit to know the difference and take your decision. The person does not understand the importance of common areas along with carpet area. Marq 1 has wider corridors and 4 apartments to a core with two lifts etc. Double height entrance lobbies etc may have added to the sale area, but that what we have opted for whoever has bought. People cry without understanding. Please do your due diligence.
Hi Jaya,
I am not the happy customer of Marq as they have looted enough amount of money from me: Not sure what to say, when some one mentions “We all are pretty happy”. Definitely I am not the person in “We” group. To put things in perspective, I will give you detailed looting details:
1) Small rooms with, low height ceiling and no BROADER CORRIDORS even in 26th floor building. The builder has left a big gap between one side and the other side of the building in the name of ventilation (Which actually is the trick to save money) and not giving decent corridor space. Once you walk in there, you feel like you entered a small apartment with crammed space. Does not give a look of big building. The building structure can be imagined as a hole in the top of a cube
2)They never mentioned 12k towards service charge, 9k for lawyer during purchase, for the registration at registrar office during the purchase of the property. Moreover, these charges carry NO BILLS.
3)The move in charge of 4k is charged for the tenant and move out charge of 1k is charged again for the tenant even on the first instance of occupancy. Owners luckily are devoid of these charges, that is if owners moves in for first time, they dont have to pay move in move out charges
4)They promised Quartz counter top during sales and they never provided it. They provided normal granite which would cost around 7 K to 10 K. For the same dimensions Quartz would cost around 15 K to 22 K based on the quality
5)We were told that, Assetz will contact us during the electrical points configurations and that NEVER HAPPENED
6)Another draw back is they have kept two doors one at the bathroom area to access pipelines and another at utility area to again access pipes going through the building. Have never seen such setup any where, where you keep doors for accessing pipelines in side the home. If they break then all dirty stuff will come in to house. Its not safe for children also
7)During interiors work they ask you to deposit 25k of Cheque as a security deposit and the work is allowed from 9 AM to 6 PM. In the afternoon, one should not make noise from 2 PM to 4 PM like drilling holes etc. The cheque will be only given back after Assetz is satisfied with their inspection of the property and there are no damages.
8)You have to pay Khatha charges separately, which would come around 13K. They took 4 R/S per sft as maintenance charge in first year and from second year they are going to keep the maintenance charges at the higher side. It has become very hard for owners to find the tenants due to these exorbitant maintenance charges
9)Coming to the completion time, I was promised my flat in October 2017 but got it in July 2019. The buildings are already 5 years old by now. The construction has started way back in 2014. Coming to late payment they only give 5 % penalty and they charge 18 % for the customer. If you have paid in full and even if there is a delay from Assetz side, they will some how try to avoid the charges from their side with all crooked calculations
10)In spite of handover of my flat after registration, so far no parking lot is allocated to me:( When we approached, they said they will send an email and so far have not got that email:) Will eventually get it though. But the point is that, you have to be behind them for everything and there is no option of “OUR CHOICE”.
11) So far invested 83 [71 + 4.6+7] lakhs on my house including interiors and got 880 sft house for 1277 build up area. I had expected at least 920 to 950 sft.
So I have every reason to CRY and inform people on how the state of affairs is. I am not the one who looks at own interests by propping up HYPE. I never said, you dont buy, but if you like that style of construction and rules, please feel free to buy. Other community that I mentioned is where my friends live in and I had been there. I liked that community though:) I am not an agent of sort of any community:)
3rd grade builder – I am east point they are 3rd grade builder and 3rd grade crm team. dont recommend to buy ny oof there property. go for top builder and pay some etra money – resale will be high.
I have a flat at 63 degree east but After seeing mar1 I am interested in marq. Can the builder transfer the flat to there?
Can anyone help ke in that somehow?
Hi,
I had a similar query wrt another project but was told by CRM that it would no be possible. Why don’t you call your CRM representative.
Good luck.
Cut your losses sell and get out at first opportunity Assetz is a third grade builder pretending to be a tier 1 you won’t get finished product as you are being shown or promised just take 2-3 hours on weekend and go and visit Assetz East Point near Bellandur you will be shocked to see the building from both outside and inside it looks 10 years old when it is still not complete.
I am planning to buy a 2 bhk in assetz marq, is it vastu compliant ?
Hi Balaji,
A few flats are vastu compliant. Mine is east facing and is 80% vastu compliant. You can not get 100 % vastu compliant home unless you build your own house. To me Vastu is one’s perception, some prefer east facing flats, some others north and few others west. It depends.
Warm Regards,
Raghava.
Hi Guys
I am considering purchase at Assetz Marq in phase 1. Can anyone help me with the below queries:
1) When is the possession date for phase 1 . (Builder is saying Jul 18, but does it seems feasible to existing owner)
2) Will it be cover in RERA guidelines ?
3) Because of RERA no builder is giving any document. Can we trust the builder words on the RERA registration.
4) I heard they are increasing the open area by re-planning the phase 2 development, is it correct ?
5) How is the builder customer service record ?
Hi,
I have a 2 BHK in Assetz Marq, please find below reply to your questions:
1) When is the possession date for phase 1 –
This is the gray area, as par my agreement, possession date including six months of grace period is April 18. Beyond April builder has to pay penalty. It might get further delayed if they are now quoting Jul 18 possession. However as they are paying pre-emi for around 150 apartments and now as par RERA, the penalty after grace period will be quite high. So it will be loss for them as long as they delay. As of now, interior finishing work, tiling etc. is in progress.
2) Will it be cover in RERA guidelines –
Yes, the RERA registration acknowledgement number is already updated in their site. They have also updated Carpet Area etc. for apartments in their site.
3) Because of RERA no builder is giving any document. Can we trust the builder words on the RERA registration –
Please see above
4) I heard they are increasing the open area by re-planning the phase 2 development, is it correct ?
This is something we have been also communicated by CRM. We have been told the new design is work in progress and they will share it as soon as it’s approved.
5) How is the builder customer service record ?
So far I personally will give them very high marks. I have found them extremely professional and also very prompt and courteous. CRM team is always available for call and they reply any email within a day or two.
Thanks and regards,
Hi
Thanks for you reply. I am now almost zeroing on assetz marq. However a few points are still bothering
1) There are lot of negative reviews on Assetz east point regarding quality and land diversion.
How is the quality at marq ?
2) Any further communication on the new development.
3) Why it is so much delayed when a bigger project like prestige lake side started at the same time is now about to start delivering the project.
Hi,
It was my pleasure. Please find below response to your queries:
1) Construction Quality looks very nice so far and with Shapoorji Palonji constructing it, I strongly feel the quality/finishing should be very good.
The owners group is aware of East Point delay and land diversion issues. We regularly keep on reminding CRM of that as Marq is also getting delayed. CRM maintains that the project has to be completed including all amenities by Nov. 2018 as this is the date provided to RERA. The handover is supposed to start from April 2018 and will be done in phases and is expected to be completed by Nov 2018.
As they are paying pre-emi for lot of folks and will have to pay penalty post grace period, it will be in their best intention to not delay. The thing is, different owners have different dates in the agreement based on when they booked. Some have Dec 18 (Initial Buyers), April 18 (Interim Buyers) and Nov 18 (New Buyers) inclusive of grace period.
2. We have been told a presentation with the revised plans and expected milestone completion dates will be shared with the owners by September.
3. I don’t think there is too much of delay as of now if they can give handover by April-July 18. From what I have seen 5-6 months delay is common for most projects, specially the big ones.
When I inquired in PLH, they mentioned Dec 18 as possession. If they have already started handover, that’s impressive.
Also as a potential buyer, I would suggest you to please ask sales/CRM team to provide clear clarifications for all the above points over email. You can also ask them to arrange a trip to East Point so that you can verify their construction. it’s only fair.
Hope this helped. Please let me know if you have any other queries.
Best of luck
Hi,
I am interested in buying Assetz marq. I have few doubts to be clarified.
1.Are the floor plans are as per Vaastu (at least 75 % if not 100 %) ?
2.Is the maintenance cost is Rs.4 / sft ? Is it not on the higher side ?
3.What will be current basic price which I can get (both in subvention scheme or non subvention scheme ?
Please revert.
Regards
HI Guys, I bought flat in marq and want to know current updates. Please let me know if we have any owners whatsup group.
Thanks
Even I am interested to join the group …else not lets start the group… Please reply and I will add
Please reply if anyone having owners group in whatsapp or gmail ?
Hi Bhujang,Apoorv,
I also own a flat in Assetz Marq. Recently I visited the site and there is nothing much to talk about in terms of progress. Work is going on in a snail’s phase. If you look at the websites like magicbricks.com etc, the possession date is mentioned as Dec 2018. Seems like the possession date is getting dragged on for ever. I was told that, the handover would be done in April 2018, which again seems like an eternity. As per the agreement, the possession was supposed to happen in October 2017. Even if the grace period of 6 months are taken by Assetz, the phase 1 construction is not going to be completed by April 2018 looking at the current progress. Moreover, they have applied for new project model and the project model which was shown to me is scrapped now. So, keeping my fingers crossed.
Hi,
I am looking to purchase a 3BHK in Assetz Marq (preferably 1597 sft)? Any owners interested?
Please leave your contact number. I am interested to sell my 3bhk unit
Hi Jay,
I am also interested in buying a 3 BHK in mark.
Please share your contact details.
Is it still available?
Hi, Jay is your apartment still available for sale?
Have you purchased.. in assets marq..? . As I am also looking in the same for 2bhk..
Anyone aware of any evidence provided by builder for Land conversion from Industrial usage to Residential usage for Assetz marq ?
Isnt this a basic document to be submitted ? I had asked for the documents/evidence, but I was told that no such thing exist or is required by CRM.
Hi Ruben,
I think there is one such document given to me when initial agreement was made, where in it is stated that, Sri Lakshmi Industries(If I am not wrong) has the right on the land and Assetz will be responsible for building the residential apratments in the area and Assetz has right to sell the property to customers. Since it is a BDA approved property, there should not be a problem. But again it is better to check once again with Assetz on that, if possible take a legal opinion. If I recall correctly, it is also mentioned that, once the sale is over, the property belongs to the buyer completely that includes UDS as well.
Regards,
Raghava.
Dear Rubin, I am owner of apartment in Marq. I have verfied this with my Legal. Conversion of land is not required as land is under resdential zone as per CDP 2015.
Hi Everyone,
What are your current views on Marq? It seems like that phase i construction is done and internal work in going on, would be great if anyone who has booked an apartment here can share his/her experiecne.
Thanks,
Pulkit
Hi Pulkit,
I have bought 1277sqft flat in Assetz Marq phase 1. The locality is good and it is developing. I suggest you to check the carpet area you get for the price you pay for build up area. For 1277 sqft built up area, I just got 858 sqft of carpet area, which is quite less. I should have got at least 900sqft to 930sqft, based on the percentage of carpet area you get for the built up area I paid for. Even the delivery of the flat will be delayed by 3 months I suppose by looking at the construction phase.
Hi Raghava,
Thanks for replying. Delivery is delayed by more than 6 months actually, now they are saying possession will be given in July18, initially they had mentioned Dec17. I am actually not considering a purchase there as of now, hoping for some good news from RERA perspective.
Regards,
Pulkit
Hi Pulkit,
Thanks for the latest information:) 6 months delay is too much! Another drawback (If I may call it) is that, so far I have not visited my flat:) They say, customers are not allowed inside due to ongoing construction. When I purchased the flat, I was told that phase 1 will be ready by October 2017 and keys will be handed over to me three months prior to occupancy for interior and electrical work. Now it seems like the handover will be getting delayed for ever:(
My observation in recent times in this area is that, most of the projects are at stand still or progressing slowly. I attribute this to increased supply of apartments in the area. Builders are playing delay tactics to keep their prices competitive. As per the agreement builder will pay a penalty of 5% or so which is not much for Assetz if the project is delayed by 6 months.
Hi Raghava,
I also have a 1277 sq ft unit at Marq, just wanted to check how the carpet area is coming at 858. From the unit plan I have been shared, the carpet area comes around 880-890ish which is in line with 70% that Assetz is claiming.
Just wanted to know if I am missing something. On the possession front yes, it has been delayed. Thanks…
Hi Rishi,
AS I was told, not all units have same dimensions and 70% carpet area claim by the builder may be true in most cases but not in my case. My flat’s carpet area is around 67% of the build up area. When I sum up all dimensions in the until plan, the carpet area is coming around 858 sqft that includes foyer 🙁
While choosing the unit I should have shown bit more diligence. Thats my mistake actually:( Not sure why cash rich Assetz (I assume:)) is delaying the delivery. Any how, the builder has grace period of 6 months on their side.
Regards,
Raghava.
Warm Regards,
Raghava
Hi Raghava,
Sorry for late reply, did you consider the space for the bedroom lobby? It’s not provided in the dimensions. But it should add up around additional 30 sq ft.
Regards,
Hi Rishi,
No worries:) hmm.. not sure about bedroom lobby! If it is there then I am more than happy! Unfortunately I have not seen my flat so far:( Builder is not allowing the me inside the building due to safety reasons. Have you seen your flat?
Humble request to new buyers. Please don’t fall into the traps of these new age builders, who show the moon and deliver (if at all) sub-standard products.
There has not been a day I’ve not regretted for buying an East Point apartment, almost three years back. Just a few top of the mind challenges I faced after booking:
– Time Creep – delayed delivery by more than 2 years, from what sales promised, they fine print wise it is 1 year delay
– Substandard quality by at least 30 percent,
– under delivered on carpet ratio (is only about 60 percent),
– customer experience has been awful ( they don’t even respond to emails, and make it very difficult to meet them either)
When you try recruiting a new employee, experience is the best indicator of their future performance. I realized for real estate industry as well, experience is the yardstick. But I erred, I went with their ventures with L&W, Singapore registrations etc as an indicator rather than looking at their constructions in Bangalore (only 1 delivered so far)
I learned my lessons but it is too late. Problem is these are costly decisions, one gets to make only once or twice in their life time. Only use of these lessons is to educate new buyers of any new ventures. Unfortunately, real estate industry, is in such a mess in India, it is unbelievable.
Right said, I was along with a group of owners and now i am unable to dispose off that flat which is delayed endlessly. What branding they have done and what product has come out. I stopped worrying about educating people, but lessons i have learnt in a very hard way, so hard that i do ever want to move into a proper ready-to-move verified property. Our money is gone just for someone else’s wrong decisions/cover up.
Do you think they might ” reduce” price now?
Did east point get occupation certificate? I heard from a friend that the chances of getting occupation certficate is low. He gave some reasons which i cant quite recall – but something like deviation percentage is one of what he said
Please do proper due diligence with this project. I am an owner of East Point, already there is a shocking news for the owners, as they have done some deal with Adarsh in the name of easement right by giving away ~5500 sqft of land from the East Point site. They have concealed this deal, and only informed to customers only when people started protesting when there was a road being constructed by Adarsh on the southern boundary of East Point.
Assetz sold 5000 sqft land of the EastPoint project to Adarsh illegally without telling the buyers. Later buyers discovered and now they are making lame excuses. Cheat builder. think twice before buying any under construction property from them, dont waste your hard earned money and piece of mind. This is another Fraud in the town, pure marketing no substance and now these illegal practices.
Hi Sriram, I am a owner at East Point. I hope you attended the customer meet on sunday, Assetz management has addressed the issue and the same is resolved.The UDS will reduce only if the land is sold but here it is a easement right for road and ownership will always remain with Asstez home owners.
Don’t mislead people Mr Suresh . Assetz have clearly cheated the buyers, and towards completion of the project, they have given the land to Adarsh in the name of easement rights . The issue is not resolved and neither Assetz have any intention to do so. In-spite of protest by all the buyers, they still don’t want to budge.
Easement means allowing some right of way for someone who doesnt have any. Assetz has very cleverly kept this issue for the very end and is not listening to buyers who are clamoring to drop this fraud deal. What use is land that we don’t have and cannot use anyway? Its is as good as giving it away for free. Please dont be taken by words of the crm/builders. They couldnt care less about the apartment buyers
You are from Assetz CRM or PR, who is paid money to put positive comments and fool prospective buyers. Assetz did not solve the issue, they gave land to other developer without agreement with customers.
Assetz dont mis lead people on this forum. people are looking for honest feedback !!
a classic example of how assetz is cheating ….
assetz is building a road next to adarsh which they told us will be private but now hearing its going to be public. i am really frustated … how assetz can made decisions on there own without consent from the customers. my thinking is its going to reduce the uds that we have signed in the agreement.
if assetz representatives are on the forum, please respond as you have gone hiding to answer these to us.
Hi Amit, I am a owner at East Point. I hope you attended the customer meet on sunday, Assetz management has addressed the issue and the same is resolved.The UDS will reduce only if the land is sold but here it is a easement right for road and ownership will always remain with Asstez home owners.
When is the delivery date of Marq ? Those of you who have bought it please add at least 2 years to their promised delivery date and yes lot of last minute surprises . Assetz has failed in their first project East Point itself with road issue with Adarsh society , delivery date now already running behind more than 16 months from promised date . Not discouraging people from buying their own house but do all proper due diligence these guys claim to be tier 1 but are not a tier 1 builder by any standards.
Hi, any Assetz Marq buyers who have completed the 1% TDS formality? Can you please guide me..I have bought the flat under no Pre EMI scheme
Dear Sudhir,
Please contact our CRM team on . It will be our pleasure to assist you.
Thanks & Regards,
Assetz Representative
I am looking to sell off my 2 BHK property in Assetz Marq.
Interested buyers please reach out to me at
iam interested.wats the sqt price.pls send details to my mail
Hi, I am looking for a 3BHk +3T in Assetz Marq. Sellers plz send the details at
Assetz has further delayed their East Point Project delivery date to its owners.
They have been committing June 2016 as the possession date, and couple of days back the news came as a surprise. Until last week CRM team has been committing that the project was on track and it would be delivered by June end. They have now further pushed the dates to October 2016. They have removed the June date which was shown as AD on their East Point websites. Looking at the construction site, even Oct could be a false promise. New buyers should look at the final product at Assetz East Point to know the quality, project delivery lines, commitment from the builder before taking up any apartments from them in Marq , 63degree east etc.
James – When I had booked the flat in Feb this year, I was told October 2016 as the possession date. I think, I would need to visit them once to see the progress.
Hi James,
Even I have booked at East point, I am in touch with them and have recently registered the flat, I got the update stating due to non availblity of specialised labour for ongoing activities for the handover for fitout would happen by August 2016 for Tower A and B, Tower C by Sep 2016. Understandable such delays happen with the size of the project. However i feel quality of the project is really good and they have accepted lot of changes customer have asked for.
This is assetz paid employee. Are you kidding me you registered your EastPoint flat in June 2016? That place is not liveable until Q1 2017.
“Dear Sriram,
My name is Sandeep Kumar and I am owner of a flat in B block and not Assetz Employee. I doubt you are a competitor to Assetz as you are writing negetive comments at all places.
Regards,
Sandeep
“
So you have got possession then? Actually wrong question… You are from assetz CRM so my question is…did you possession to customers? Your buyers are crying…..easy escape by saying that anyone who exposes wrong doing is a competitor, Assetz is doing cheating in its projects openly now. Folks beware Assetz people are commenting here projecting themselves as owners. Do research. Easy to avoid them altogether.
Don`t you guys think price has been artificially increased with pre emi scheme? Builder will be disburse your 80% of your money and will be sitting on your cash with 7-8% of interest which he will be getting without doing anything and intentionally will delay the project? Why pre emi scheme is there if there is only 30 flats available to sell? It is common sense for educated people not to forget basics in supply and demand.
when u ll buy from premium builder paying for brand there will be very less appreciation but for self use may be it is good because you need to stay.
I feel pity when the real estate gurus says 30-40% growth in 3 -4 years. Please search homezn space and harshasagar forum and find out the project launched 3 to 4 years back and see how much appreciation happened till now. Who ever was telling 30-40% now their recent comment says 10%. Do u think investing huge amount, dealing with emi, delay, anxiety make any sense? I am not saying you should not buy but buy wisely.
You all are well educated and take your decision based on your need. Dont buy something blindly if another expert says it will grow.
No one can predict future so you are the right person who knows how much risk u can take based on your income.
Excellent advice; days of 20% or higher returns are over as Builders have become greedy and are selling at bloated up prices ; there are properties in Bangalore which were launched at 20 lakhs about 9-10 years ago and are today about 1 cr today because of their location. But the 2 bhk today which costs 80 lakhs or so and after registering and furnishing will creep over 90 lakhs will never go beyond 1.1 or 1.2 cr even if it was at a good location. Take a look at hihg in demand projects like Shantiniketan, Metropolis, Adarsh etc the prices have remained the same in last 3-4 years (I live there so I know). Basically only buy if you buying for use , if you are buying for investment unless the rate is below 5000 PSFT don’t even bother.
You are right.. Builders don’t want to decrease price when there is less demand. Just want to delay the project till they can sell at higher margins.
Most the positive reviews on these sites are un realistic and written by sales people.
When someone writes their genuine experience or try to give some sensible advice, they end up being fake and get thrashed by sales people posing as true customers. Im not saying any thing specific to this project, most of the projects are like this, most of the builders are cheaters.
Somehow people are losing their patience and putting their hard earned money in these stupid projects with fake inflation and finally end up struggling till end.
A word of caution for new buyers – Most of the positive comments here are by Assetz’ PR Agency or their Sales and CRM Team, who are posing in these forums as existing buyers. Try to find any existing buyers of East Point (may be through your friend circle) before you make a buying decision with any Assetz Property.
I have bought a flat at East Point, and can assure you that these guys are not better than any C grade builder. There have been many issues (sub-standard items being used for fittings and finishing, issues with workmanship, reduced dimensions of the actual apartments etc) raised by the owners group even directly with their CEO (Mr Ben), however in-spite of he himself promising to resolve the quality related issues and a written MOM being agreed between the Owner’s Group core committee and Assetz almost a year back, theyhave now refused to recognize any core committee at all; forget about the MOM . They are trying to cut the cost in every possible way. Wherever they have mentioned any Brand in the agreement the cheapest quality is being used, and where there is no brand mentioned, by default the cheapest one being used. They have even stopped allowing visits by existing customers to the respective apartments (in the name of safety, although real reason is that we were raising various quality issues including measurements of actual flats etc after seeing the actual flats). For new customers they don’t have any safety issue as they can still visit the apartment blocks. Even if you are not able to see the internal stuff in the actual apartment, I would recommend just compare the Steel Grill and the Glass used in the balconies of the model flat and the actual flats (you don’t even need to go inside to see the difference). I have been patient enough and now feel cheated and don’t want others face the same fate, that’s why I am on this forum today.
I know Assetz PR guys / CRM Team / Sales Team etc will jump now and try to glorify the project posing as existing buyers. Beware of these guys. Ultimately it is your money and your decision. All the best.
Link to the google group is as follows:
https://groups.google.com/forum/#!forum/assetz-marq-home-owners
Just subscribe to the group and write your flat number and just say hi
I have created a google group by the name “Assetz Marq Home Owners” on google groups. All those who have booked in this property are requested to join this group.
Regards
Hemant
F223
Can we connect? I am an owner @F112. Let’s sync up sometime.
Hello everybody
I have booked a 2 BHK yesterday in Assetz marq at 5100 PSF. Can anybody tell me what has been the appreciation here in the last one year and likely price of the properry in the next one year? Also is there an owner’s group that i can join?
Hemant
I think 5500/sqft in one year. Do you know how many flats are left to be sold in F Block? I am in F133.
Thanks
Gaurav
I dont know hiw many left unsold but all i know by speaking to them last week is that there are about 30 units available in Lot1
Rest i can enquire when I visit them in a week or so
If you are a real buyer and if you are saying you bought it @5100 base price then you are screwed. Actual price should be around 4500 to 4600.
If you are an agent of Assetz then ignore but don`t write something which will make other buyers to think property appreciated.
If you don’t know anything please don’t comment…are you buyer? If you are, you should know 5100 is with subvention scheme…which in CLP actually works out to be 4400-4500….quite good price…yes there has been little appreciation..and thats the case with all projects across india..when the market will pick up…prices will rise…
@Gaurav: There is no hard-feelings. I am telling the truth and if it helps at-least one reader/buyer i would consider what ever time i spent on reading or writing it is worth.
Generally subvention scheme valid for 2 years and builder delays handover because he needs to get more profit with buyers money. It is you CBIL score and It is your money which builder gets access from day1 and gets 80% of total apt cost from day 1.
As you are saying there is already Rs 600 difference so cost different is 600* min(1200 Sqft) = 7.2 Lakhs difference in Basic Cost price. If you add up vat , service tax, registration it takes account of basic cost and which will add up but i am not considering that amount.
Money buyer borrowed from CLP or subvention he needs to pay. The problem in subvention scheme is buyer will enjoy 2 years but when he will start paying EMI after 2 Years he will feel pain.
He needs to pay more interest because principal amount will never change. Builder only pay interest amount to bank. Buyer could have utilized 7.2 Lakhs as interest in 2 Years.
So when some one writes in forum he should always mention in which schemes he has purchased. subvention scheme price is not actual price. If some buyer bought with schemes and he thinks appreciation should be on scheme price then he is wrong. He paid more than market value and that is not the actual cost.
I have booked Assetz Marq in subvention scheme. Is it a loss if project is delayed by more than 2 years of date of booking? What is max duration for which bank charges pre-EMI as per RBI norm? Possession is oct2017 . How long this project gets delayed which can cause loss to a buyer like me who took in Subvention scheme with pre-emi paid by builder till date of possession (5%,80%,10%,5%) . Please help with your valuable information.
Hi Amit,
Even I have booked apartment at Marq. Builder has agreed to pay the Pre EMI till apartment is ready for fitout, I realise that the construction is in full swing and finishing work has already started. As Shapoorji is the contractor I donot foresee delay in possession.
Folks be aware, Gaurav is a Assetz sales team person trying to artificially raise price and fool buyers. there are many such post from these people here.
Jindal…Don’t get frustrated..I am not trying to raise prices…Buying a property is individual decision..no one forced you to buy with Assetz…If you want to get out sell the property with 15-20% discount to CMP and get out…I being a investor will always want more people to buy from Assetz and will promote them so that my investment is safe and grows..Assetz is good builder and as far as I know…they have so far delivered on promises…
What is the maintenance fee ? I have heard it’s 5/- per square feet. Isn’t this considerably greater than even the A category builders ?
Hi,
One issue I am having with Assetz Marq is , they are not providing connection point for the dishwashers and dryers in the apt but
now days all modern apartments are providing that ( it’s basic necessity). Those days are gone, when owners were put the clothes in balcony and in India Sunday is a holiday for housemaid. We will face the issue.
I am aware that Assetz Marq is only providing the connection point for the Washing Machine, I like to request all the owners and builder to think on this. It’s only 2 connection points.
Hi, I’ve heard about this Marq project by Assetz properties. It sounds interesting due to their mixed development lifestyle apartments. Also it’s in the central area where my workplace is nearby too. Can you guys give me the detailed amenities and status of the project?
I am an existing customer ; if you want an honest answer I will seriously suggest that if you are buying an apartment for personal use then wait . Real estate is under going a phase of self correction and now that the bill has been passed these builders can no longer loot public as much as they were in recent times. Point being Assetz and others have lot of unsold inventory and with new bill pre launches will no longer be allowed ; so you can actually wait for projects to shape up and then actually visit the site and buy. In next 2-3 years rentals for 2-3 BHK will be in range of 30-50k INR per month so you are better off buying something which is almost ready for move in , this way you save at least 3-5 lakhs per anum on rent alone and get to see the actual property before buying . Remember larger the size of the project higher the probability of delay . I have bought homes in Bombay and Bangalore and can tell this to every first time home buyer i.e. if you are buying for personal use and this is your first home then don’t buy something in pre launch or even during initial phases of construction buy during move in time you might pay 5-10 lakh more but you will get what you actually see and a home to live.
Can someone share the status of the project?
Dear Mr Vikas, Please find below snapshot of current status at Marq Neighborhood.
Tower 1: (2B+G+13) – Ground floor roof slab in progress
Tower 2: (2B+G+9) – Ground floor roof slab completed, First floor columns in progress
Tower 3: (2B+G+26) – First floor roof slab completed
Tower 4: (2B+G+8) – First floor roof slab 50% completed.
Please feel free to email us on or call us on 9019590195 for more information on the project, Our representative shall be happy to assist you with all details.
My Previous comment was deleted… Very Bad HS…..
What Tower 1,2 and 4 Owners will do when their top floor is completed and they would have paid 90% of money, and tower 3 is still not completed??
Pray and pay EMI…??.. Its a trap…
HI, I have booked a flat in Tower 2 and my delivery date and Tower 3 delivery date are same. Schedule is different because of staggered height of tower’s. I am aware of this at the time of booking. Marq is very good project with all facilities at same place. Builder has reputation in the Market. I suggest we should wait for delivery.
Rinky,
Good to know that you have too much money as u r ready to give 85% money in first or one n half year and have no problem seeing 26 floors building up aaram se…..
Have u calculated that price of 2.5 in lower towers is as good as price of 3bhk in 26 floors towers(If loan taken). Even then if u have no issues and have taken loan… then “aap either mahaan hain or builder ki sales team se hain” … kudos…
I don’t understand whats the issue…Delivery date is Oct 2017….and I have never ever seen any builder completing the project so fast…you name all A class builders they take b/w 4-6 years and Assetz ia handing over flats literally in 2 years which itself saves lot of cost……I stay opposite to Marq site…and I am amazed to see the construction progress…everyday work goes on till 11 p.m. in the night on all 7 days..This is a great project and unbelievable team…people who have not booked have no right to post idiotic comments in this forum…
I have booked 2 BHK…I don’t see any logic in this argument…builder is giving possession much before (Oct 2017) other A class builders give in bangalore which saves lot of PRE EMI and total cost of flat comes down whichever tower you book into….also looking at the world class amenities, school and retail center..I see this project as best in Whitefield….I live opposite to marq site and I am amazed to see pace of construction with work going on till 11 p.m. everyday on all 7 days…Guys…my advice blindly book into this project….rest upto you to decide…
Great, so you may be knowing that East point is delayed about 9 months which was running ahead of schedule(Source east point discussion). And Pre EMI is scheme is offered to few not all.
And to the biggest surprise the School and Retail is not Assetz responsibility. It is land owner’s liability which he may or may not complete. And for speed look at Salarpuria Project near ecity, started much later to Marq and have 12 floors completed.
I have seen MOU signed b/w Chrysalis and Assetz …Assetz is constructing school and its clearly mentioned in agreement that school will be fully constructed at the time of possession…yes you are right retail center is landowner responsibility…that may or may not come…but looking at the number of apartments in that area and absence of any big commercial center that may come up and that would fetch assetz very high rates for NH3 AND NH4…they are advertising for retail center everywhere…I seriously doubt if they would shelve that plan…lets see…fingers crossed….Prestige shantiniketan also promised retail center…which has finally come up after 5 years..so I still feel this is a great project to invest and for personal use…and now with NO PRE EMI scheme and real estate market picking up..marq becomes even more interesting…there may be delay..but I am sure it won’t be more than 6 months…as per my knowledge they have only 20 units left to sell….
BGT is couple of km from Marq and now being sold at ~5000 per sft and it is nearing possession. BGT has Orion mall coming up its in campus. I am not sure why Marq is being sold at 5200 at initial stages of construction..
If only 20 units left then this project should get completed before time or at least on time. BTW anybody has idea whats current psf rate is quoting by builder for this project
Hi Pavan, BGT is selling at 5200 psqft basic price. Marq is selling at 5100 psqft on pre emi subvention scheme. Cost of Pre emi till possession works out to be Rs 1000 psqft approximately. Thus Marq works to be good option.
You look to be employee of salarpuria doing negative marketing here against assetz
Dude… That way I can say you are an employee of Assetz…
This is an open forum and all are allowed to comment.. Each any every word what I have wrote is truth.. And if its negative, its none of my fault…
“Mr. AFooL, r u a serious buyer or bought an apartment with Assetz?
I see your negative messages in assetz east point forum and it looks like you are promoting Salarpuria Projects. if you seriously have some concerns I think you should talk to the CRM team or message. I did visit them yesterday. Just to clarify. Assetz is running ahead of schedule Shapurji is building it. You should visit and see the speed. 2nd Pre EMI scheme is offered to all new bookings and school is promised by Assetz. “
Patnaik… I am not writing in east point…. Neither I am an agent of Salarpuria… and btw the east point reviews are written by owners…. I have not spoken anything against speed.. I spoke against 26 floors payment plan with normal smaller floors payment plan… When all the project is handing over at same time why more money is collected from smaller floors (with ppl bought in normal scheme. Not 20:80) …. They should aligned the payment with 26 floors construction…You have not seen the delay by other builders(DLF more than 7 years still construction pending)…. You are the guys only will suffer, and will not get income tax exemption fully if the possession is post 3 years of construction…. Wish I could get paid or benefited for making ppl aware 😉 …
Can you please shed more light on your comment:
“Have u calculated that price of 2.5 in lower towers is as good as price of 3bhk in 26 floors towers(If loan taken). ”
Can you please explain how these are the same?
Thanks
These are not same…Payment schedule is designed such that money will be going equally from all towers….If you compare G+26 payment schedule with G+8 OR G+9…you will come to know…get both the schedules from Assetz and see yourself…don’t go by any rumors in this forum..I myself did that comparison and found no extra payment of PRE EMI interest in lower towers….also if you are going by NOPRE EMI scheme…this doen’t matter as interest will be paid by Assetz till possession..
I have already mentioned that if loan taken and not in no pre emi scheme. And payment schedule can you share if it is slab basis or date wise? As far as I know its individual blocks slab basis….
Is there any way by which a complaint can be filed against AFOOL by the builder with Cyber Cell and track his IP Address to bring him in lime light and check his credentials so that public can know – “If he is not a competitor”. He has to understand that people are investing their life earnings and he cannot mislead public in general with false and half information.
Cyber cell for telling truth… 🙂
I have made the same point and people are saying its as per the agreement. How does it help if tower 4 is completed in 6 months from now and tower is not even half done. People who bought in tower 4 would have paid 90% and keep watching the other towers. Looks like all the houses are sold in tower 4, so they are constucting it first to get money. But its poor project management. No doubt.
This is very true, I have bought the house in Assetz and facing this problem, we have already paid 70% in first 9 months and have to keep paying interest. This is the worst project management I have ever seen. They are completing Tower 4 and Tower 3 where most of the units are sold, and delaying other towers.. when you quetion them they are saying we are demanding money as per the agreement. Poor buyers like us has no answer, so new buyers at least can question this.
We initially insisted Builder to aligned the payment plan. When he denied, his intentions were pretty clear, we left the project at right time…..
To be honest early investors have become Bakra … Hahaha…
I am in the same situation as you are. I took it in tower 4. Already 5 th floor demand note is due on 25th March 2016. Very poor project management.
update on Assetz Marq
May 2016 : Progress Update
Highlights
•Tower 1 – Second floor columns completed
•Tower 2 – Third floor roof slab in progress
•Tower 3 – Thirteenth floor roof slab in progress
•Tower 4 – Terrace slab completed
•Club House – First floor roof slab in progress
Follow http://www.assetzproperty.com/marq/project.php
Its a great project for both self use and investment point of view..It is at a very strategic location…area is developing very fast…I see lot of development happening around Marq…
Hi, I’m planning to invest in Marq Project by assetz properties. I went for a site visit too, looks like a decent place & found this project interesting too. Has anybody got an idea about Marq & has invested here?
Folks, Here is the review from one of my friend when I asked about assetz .. Assetz guys are collecting 50% money in first 6 months of booking and I am surprised that no one is questioning them. They are saying as per the agreement we have met so and so floor slob so we are demanding etc etc, For me that seems to be cheating, How can some one pay 50% in the first 6 months and project completion is due in 2 years. When they asked for moving the posession date, they are saying no!, So all the buyers should think before committing for such builders..
Hi, I have booked a 3 BHK apartment at Assetz Marq, I have verified the current constructions status and they are collecting as per the payment schedule agreed at the time of booking. Please talk to the CRM team Ms Sindhu for any clarifications they have been very helpfull.
Good to know that, if they are really going that fast, then why are they not able to prepone the possession date.
Hi, construction status is as per the projected schedule. They did not say it is ahead of the schedule, so I don’t see the question of preponing the possession date.
Hi Sameeran, My brother is in talks with marq team and will finalize it soon. The project plan is superbly planned. There’s almost everything one would need for township living. You should go ahead. Great for investment as well.
Hi Sameeran,
I have purchased 2 BHK flat in Assetz Marq. Please write to me on if you have any questions.
Just amazing to see how some crooks have got into this forum to defame the brand and misleading others for penny less as they look to be lost in the game….
These crooks to be booked under the law for defaming the assetz brand and for bullying the customers who are honest in their efforts to find a dream home.
THINK BEFORE YOU BUY is an old phrase.
SEE BEFORE YOU BUY…is what I have to say you
Go and see the finish of Assetz East Point. There is mockup 3BHK ready in A Block.
This is nowhere the finish of model apartment. And you get just 68% of carpet area.
Very well fooled..Please don’t be fooled by seeing model apartments or false promises
by CRM team at Marq. Just go and visit Assetz East Point actual flat, and make a decision
yourself to go ahead for Marq or not !!!
Never expected !! I have been following Assetz east point since beginning. It was very promising. My neighbors had bought it and they when visited apartment they seemed very depressed after seeing actual apartment. They are also thinking about selling it before many people would find the low grade qualities they are providing.
I think they have lost the plot somewhere in the middle. May be some greedy guys pitched in. They have done the rampant cost cutting and now they screwed up IT people’s hard earned money.
Why don’t they take this up with the CRM team..I had few doubts too and they were quick in responding to my queries…im sure your neighbor woud feel better once he talks to their CRM team…
@suhas, i agree with you. I heard assetz CRM team is amazing, just send an email to them, they will respond with in seconds and just negotiate with them, they will make 1290 sft 2bhk into 3000 sft 4bhk duplex just in 10 minutes, with out any extra charge. Now they are planning 24 carat gold windows to every flat and all door handles are embeds with diamonds and rubys. 🙂
Btw, are you from marketing?
My neighbours visited and they hugely disappointed.
Jagan.. Their model apt itself is so disappointing.. The dimensions are not matching to actual. And believe me at start they used to design flat siting with customer… Windows yahan nahi chahiye..achha yahan le lo…changed… Hahaha…
Jagan, are you sure it’s a bad idea? I have to choose between Marq and Brigade…but how can anyone completely go by a model house because it seems like a demo to me…also can someone clarify how carpet area works cos I know it diff it is different for each project…
The latest by Assetz Marq – the high tension wire will be put underground…ha ha ha ha….
Do not touch Assetz even if you have money to throw. Kindly look at the mess they have created in east point.Pls read posts in East point forum.People invested three years back do not know where to go. The modal house is an illusion .Actual flat is worse than a third grade builder would give.They are cheating public in the name of VTV and Singapore brand. Classic example of builders looting public.Suggest landowners of Marq who are in JD with assetz to think again .
The Model apartment is purely meant for the display. The fittings and floorings shown in the model house is again for a duplex and not for 1/2 Bhk. However, the materials used in the apartment is 100% genuine and Assetz is one of the few projects that delivers on time.
I know ethics and morals are not something to be expected from those in business of real estate but at least think before your post such nonsense, if someone goes to a showroom and is shown a product the actual one should be the same one in civilized countries such unethical builders are sued to bankruptcy , just because laws are lax in India do not try to brush aside these malpractices.
Irfan Good Joke… U must be from marketing team… All Cat A and small builders genuine builders keep fittings matching to Spec Provided in Actual constructed flat… With additional Furniture Lighting etc, which is not part of deliverable…
You guys deliberately making customers fool…
I have been working as a contractor in real estate for many years.. i knw that fittings in model flats get removed and hence need not be genuine.
The model flat fittings gets replaced by equivalent or superior specs Mr Irfan. Go and check with any Cat A Builders previous projects…
You are right Neha! This is true for Grade A builder. But with Assetz they have replaced everything with low grade material and lower specification then actually committed.
@irfaz you aren’t serious, right?
Irfan is right…..real Estate is a very Dynamic field. New products from same and new companies come to the market every week. So when any builder shows you something in Model Flat is not necessarily available when he is finishing the property after 3 – 4 years. No supplier can assure you this. And thats the fact. digest it.
Wow so you mean new things are inferior than what was the case previous week ? I know most of the folks in IT in Bangalore are gullible and are ready to take things at face value but you guys have taken it too far , the buuble will burst .
rohit, Your logic doesnt apply here. Are you saying UPVC windows and kajaria tiles are not available in market right now, that is why assetz is not using these good quality materials?
Afaik, UPVC is now available everywhere. But Assetz is not willing use it, just because it is costly. Same with tiles also.
I also had the same concern..i was told by my broker that I should not blindly go by the model apartment as it was for showing display only..i was looking for duplex house and i saw this model so i think this is for duplex only..
i recently bought a 3bhk east point home n its a gud investment around marathahalli.. i bought it since its close to my work place.. the traffic situation was a hindrance but its getting better now with BBMP n BTP interfering.. checkout othr properties around eco space guys.. all reputed buildrs are priced at a high range…
“I donno why thr is so much of miscommunication here!!! I work in Cisco, Cessna campus and east point is a good option. the CRm team from assetz east point have been inn constant touch & still keep mailing me the project status. Do some research u’ll find out hw othr projects around marthahallli r getting delayed. I visited the site last week & the project looks on track to complete in 6 to 8 months.”
You work at Cisco ? Am I impressed , do some due deligence and get it straight there is a reason likes of Prestige, Sobha and Hiranandani or even Purva charge a premium . The ceiling height in Assetz is 9 feet while it is about 9.5-10 in all other projects , most of the other features are under speced too and cleverly have no mention on a brochure . You are of course free to not believe a word of what is posted here why don’t you visit the actual apartment in various projects and take a call . Prestige Jade pavilion is on opposite road and Sobha has projects in Hebbal do visit their actual site apartment (not model apartment that is a farce) and see the difference .
I can understand 5 to 10% percent of deviation from the original configuration. But having things totally different is different than little different. I think people who visited East point noted that things are completed changed. And all the lower grade materials have been used instead of high grade. Also the there are some big issues with the tiles. The quality of tiles are totally different than what is shown in model apartment.
Thank God !!! I booked Prestige Jade instead of Assetz …. luckily i dropped the project due to matchbox sized bedrooms for a 3bhk (10*12 )…
i hope Prestige Jade will deliver on expectations unlike Assetz where customers are suffering before possession itself !!
Senthil,
Why do you care about ceiling height? Is your height more than 9 ft :-). When buying a flat I would consider the quality of the structure (like cement block vs mivan tech), no. of flats, land area and amenities like STP, Waste management, 100% electrical backup, RWH.
Cost of the internal things like sanitary, tiles, etc will not be more than 10 lacs. Your money goes into other things.
You think you are smarter. Don’t sideline one builder, praise others.
Every builder is doing the same whether its Prestige/Sobha/Assetz. On brochure they never mention exact specification of the material. However, this will be taken care once the real estate bill gets approved.
On the customer experience, Prestige thinks they doing some favor by allotting flats to general public. At least Assetz is better in this. Builders like prestige create hype over the project and will scare by raising prices in next hour / day. But don’t worry, these bloody money suckers will get their lesson one day one or other way.
Viswajeet, i would recommend not to market here.
Probably you should stop calling everyone fake here and talk about facts.
I didnt call you fake, read my post again and again till you get it.
I called you genuine marketing 🙂
What a stupid question ; I know that Assetz is cutting corners by saving at least half if not 1 feet ceiling height it basically means you are building the 11th floor or half that floor free of cost . Coming to why it is needed well ever heard of a thing called POP or false cieling ? People in living rooms usually want to get enclosed lamps or lighting which required good 4-6 inches of space to work with , if someone is spending close to a crore on a 2bhk then he/she might want to hang chandiliers or such fancy lighting a low 9 foot cieling means none of this can be done. But you will not understand this for you don’t know what a premium apartment project is like and to be honest cannot fault you for it for you have not built a single one till date .
Hello, if you had some grand plans for interiors then why didn’t you check the flat specification and asked right questions before paying booking amount.
Generally, people like you get trapped because you blindly go with brand name and don’t do much research which is why these builders are making profits.
BTW: I have constructed my own duplex individual house and I know about false ceiling.
Try to do better research before buying.
Hi,
owners who have booked at lumos….join the below google groups.
provide your full name, contact no, block and flat no.
https://groups.google.com/forum/m/#!forum/assetzlumos
Is there some link between the death of D K Ravi, additional commissioner of commercial taxes and the recent raids on these unscrupulous builders. These builders look to be crooks of the first order.
http://timesofindia.indiatimes.com/city/bengaluru/IAS-officer-DK-Ravi-who-exposed-tax-frauds-found-dead-in-Bengaluru/articleshow/46586702.cms
http://www.bangaloremirror.com/bangalore/crime/Assetz-group-raided-by-taxmen/articleshow/46479762.cms
Builders can do anything as they are very well connected to politicians …
If you have to life king size life in india .. you ought to be one of these
1. Bollywood Star
2. Politician
3. Real Estate King Pin
I wish our country can change someday so that innocent people who are trying to remove rot from system are spared unlike the above mentioned incident…
Hope to see a real estate burst in India like US recession (2008-2011) sooner than later
I urge all conscientious people to boycott such builders even if you are SURE that your investment in their projects will get good appreciation. Please remember even if you make money it would be blood stained money. This is the least we can do to stop the rot. Just blaming it on politicians/builders is not enough. How many of us would desist from doing something illegal if the chances of getting caught are LOW but we can make windfall profit. Many people knowingly buy apartments without OC/CC thinking in future it would be legalized by paying a small fine. This is also corruption. If we also indulge in such activities then what is the point of blaming politicians, builders etc. They are also doing the same thing but on a larger scale. Let us on our part not support people who do illegal activities (illegeal sand mining, tax violations etc).
I agree with your rajesh. I am with you. Lets all boycott buying from all the builders till govt passes Real estate regulator bill
Seems there is lot of negative propaganda going around on East Point both by people who already resold and/or competitors.
May be it did good for people like me who bought for end use as we got confirmation/assurance from Assetz on brands and they are even scheduling site visit this month end.
Below are confirmed brands and hope Assetz will strictly follow these.
1) Nitco tiles are confirmed and Nitco is in par with Kajaria in quality as per my knowledge.
2) Jaguar fittings for all toilet plumbing fixtures/ Hindware for all toilet sanitory fixtures
3) Jindal for windows
3) Berger paint for interiors
4) Elite for Door hardware
5) Kitchen layout is not changed for 3 BHK and I heard for 2.5 BHK they gave option to choose from old and new layouts.
6) Got confirmation that there is no change in elevation and window sizes (Assetz denied rumors there is any change on these but little bit apprehensive after all this negative feedback)
I hope Assetz will live up to expectations and deliver as Tier 1 builder which is what I hoped for when booking at East Point
Hello Prasad & All Concerned ,
FYI , For Windows – Jindal is not a brand .
Kindly note that Jindal is not a supplier ( neither a manufacturer) of windows and no where in windows industry Jindal is considered a brand.
They are just a 3rd grade supplier of some aluminium sections & local fabricators buy from market and try to mix and match things / accessories which is neither tested nor certified, as a result of which windows when fitted in so called homes , it rattles when a vehicle passes by , leaks when rain /wind is outside , noise leaks when some body even speaks on the other side of windows. Since , India does not have a regulation builders like this even the so called premier ones across cities go scot free ( and to a some extent consumers don’t demand for a quality / branded window because of unawareness) , all builder try to cut corners and settle for so called untested , non-certified .horrible quality windows like what you are mentioning Jindal type.
Quality windows and brands in this segment are Schucco , Reyners , AluK , Technal , Komerling , Rehau and to a some extent India’s Fenesta.
Indians need to grow up and educated to ask for the above windows from builders if they want a quality window ,and note that windows is far more important than your tiles /paint / bathroom fittings and often not noticed / considered by a common house buyer.
Pl’ don’t think that Jindal is a brand , it’s a commodity supplier and never a window supplier/ manufacturer .. and please refrain from this false notions .. at least for a “BRAND” sake !!
Thanks all for your attention..
Few corrections
1. Model flat had digitally printed Kajaria Tiles not NITCO . Please read on real estate forums on these two , it is a no brainer why Assetz had model flat with Kajaria and real ones with Nitco.
2. Model flat has UPVC fittings , Prestiege, Brigade and near by Adarsh all have UPVC fittings I guess these chaps have no idea about quality that is why they are using UPVC.
Issue is not about what brand is being used issue is something is being shown and something else is being built , it is ethically and legally incorrect to show something and sell something else.
agree with arjun nair..i recommend peopel to avoid this project.
I agree with others who have been fooled at East Point. Assetz is highly unreliable, unprofessional and have no respect for quality and commitment.
I feel very frustrated getting stuck with them now.
Just aay no Assetz and only then would such builders start respecting commitment.
Hi, Not sure whats your frustration here and not sure what you are stuck up. your identity is also mystery.
My personal viewpoint…my dealing sofar Assetz has been very professional, they care for customers, they might take time to come back sometimes if they need answers from technical teams….thats reasonable…but they inform us very professionally. If not, i would have not invested in them. so, i am happy as a customer.
When i invested in Eastpoint….i did my due diligence of checking their existing projects like VTV and recently their completed Park Avenue project which has increased my confidence including the quality of the outcome.
Lets stop unwanted and unnecessary comments as you are creating fuzz here… if you are a real investor then better you discuss with the builder to get your concerns addressed.
Dear Valued customers,
Greetings!!
We wish to inform you that, Assetz is transparent & will adhere to all it’s commitments.
For any kind of clarifications & queries, please write to . We are more than happy to address your queries within 24 hrs
Regards
Assetz Representative
@ Ashok
We are happy to see an authorized representative of Assetz on Harshsagar. I would like to remind you that the prime issue people have been requesting is UPVC windows instead of Aluminium . All the investors have requested Assetz umpteen number of times to refrain from Aluminium and instead go for UPVC which is better , cheaper , sound proof and asthetically better. But as usual Assetz is in no mood to listen and going ahead with some Jindal brand in the name of fire safety etc. Jindal is only manufacturer of aluminium sheets and not windows( Pls refer Kumar response above). Assetz may save couple of hundreds by doing this but pls remember this the dream of hundreds of people who have invested more than a crore in this project. People post on such public forums only when they are frustrated. Assetz shall develop the attitude to listen to their customers which is missing since beginning.
Hello Rama & All Concerned,
It’s wrong notion that UPVC windows are better than Aluminium windows. Actually , in Aluminium windows are better , 100% green / recyclable product , fire resistant . But not those cheap JIndal windows which are fabricated / supplied in a shabby manner by the locval fabricator on per KG basis.
Worldwide Aluminium windows score much better than UPVC windows. The whole of Europe & America , 90% windows are Aluminium in modern constructions.
But the builder should go for right & good quality Aluminium windows like I mentioned above Schucco , Reyners , AluK , Technal , Domal , Kawneer etc.. You see these windows somewhere installed at sites , I bet you will not look at the UPVC windows and not to mention those Jindal windows which are used by builder to reduce cost & to give pain to the customers for life time in their prized purchase of life !!
Grow up customers & demand good quality ; it’s all available here right in Bangalore too. And builders don’t put these to cut corners & no authority to punish . Otherwise in Eurpoe , it’s 15 years imprisonment for builders if the windows does not pass the air , water , wind test .
Hi All,
I booked an apartment with Assetz in East Point (A2502) in Nov 13. I must say my experience with Assetz since then till now has been pleasant. As many other East Point owners even I am curious, eager and tempted to see the finished product. I am sure I will be worried to the last second till I see my finished flat and does it meet all my expectations I had set within myself when I booked the flat. I am sure that I will come out with some fault or the other on the builder. It is bound to be so as customers can never be satisfied to the fullest. We always feel “it could have been better”. To cut things really short, Assetz have done a few things which I am not sure any other builder would do when it was clear at the time of booking, it wasn’t included in the deal.
1. Mosquito Mesh
2. Increased power back up capacity
These could very well be “standard” with many builders but as an East Point customer I got these over and above the original deal. Their CRM team have been able to address all my queries on a timely basis. The one biggest reason for me to choose Assetz over many other established builders is the fact that their need to establish Assetz as a brand in Bangalore. They have increased focus on residential projects now and in order to succeed on this, they can’t afford to do a “Good” job in East Point. They will actually need to do a “Great” job in East Point. To me, great job means
1. Deliver what is promised or better than what is promised
2. Deliver timely
3. No compromise on quality
I expect a great place to live and one of the best communities from Assetz. This will include my apartment, common areas, club, amenities and etc. What ever I have seen till now (may be only the raw structure) is good. I don’t regret for choosing Assetz East Point. I will wait to see and comment on the final product. I am sure Assetz/East Point will not be a let down.
Dude….
I disagree with some of these feedbacks. I doubt if you are a real customer or some fake person from other builders.
I am existing customer and quite happy with the specifications, quality and the brands finalized.
i am not sure your intensions on this forum…if you are a real customer then i am sure you agree with me and also get involved in healthy discussions rather than going spike bound.
@Krissh
I just read all of your comments on Assetz related posts. And you are simply calling everyone fake without any rationale. Those guys might be having bad experiences, what is your problem if some one share their concern in public forum?
If you are a happy customer, say that loud and stay happy and silent. You’ve no right to call anyone fake, for their unsolved concerns.
I can imagine what kind of pain they are going thru after spending their 5-10years salary and builder isn’t up to the mark.
It is pretty clear that you are from Assetz marketing or some other team in Assetz. No customer will say “Lets stop unwanted and unnecessary comments as you are creating fuzz here” to fellow customers who has genuine concern. So, stop posting fake good reviews about Assetz
@Rajesh, how come you suddenly popping now when you have backed out of this project long back….
getting jealous … or being paid to writing negative reviews here
why are you criticizing customers who have posted genuine and good review about Assetz.
“getting jealous” for what? you are being cheated but not rest of us?
“why are you criticizing customers who have posted genuine and good review about Assetz.” — This is exactly my point, why do krissh criticize genuine concerns?
No builder is a holy saint.all are cheaters only..Since there is no regulatory in place..builders are acting like boss..better avoid RE for short term and your long term will be very good and peaceful.
The day is not far when builders are going to offer buy 1 get 1 free..
🙂
Is this the same Rajesh who is commenting on Sobha Rain Forest (Aspirational Homes)….
http://harshasagar.com/2015/01/14/sobha-aspirational-homes/comment-page-1/#comment-34416
Now we know where you are coming from.
Sorry dude, i cannot use different fake names to escape, like you are doing. I’m responsible and entitled to what i say. If i say anything wrong, you can correct me.
Assetz has been a really big disappointment , they cut corners and compromised on quality on their very first residential project East Point . Looks like karma is a four legged dog. They now got raided by income tax department for financial irregularities too.
http://www.bangaloremirror.com/bangalore/crime/Assetz-group-raided-by-taxmen/articleshow/46479762.cms?
Sameer,
Read the news…this is common and most of the A list builders inclding sobha, brigade etc were checked for account books. I remember last time Sobha and Bridage were raided. This is normal in real estate and also a way to collect taxes to meet the March end targets.
Bottom Line : DO NOT BUY ANY ASSETZ PROPERTY. Your assets in ASSETZ do not worth amount of money you are spending on same.
I have property in Assetz East point & feels very disappointed & frustrated as well as helpless as i see their real image.
I have lost all my hopes on the kind of apartment i am going to get. I think i will resell it & end this chapter as lesson learnt.
Sample flat at site has no connection with actual flat which will be handed over.
Sample flat is only for entertainment purpose. Do not get carried away with sample flat.
Assetz claims themselves an A category builder & do not provide following items.
1) Kajaria tiles in sample flat (Actual flat will not have Kajaria tiles, Its unknown brand as of now)
2) Jaguar fittings in sample flat (Unknown quality brand will be present in actual flat)
3) Kitchen layout is completely changed (their genius designer suggested sink besides fridge so that you can splash water on fridge & get shock)
4) change in elevation of building.
6) change in dimensions of windows facing pool side.
7) Change in sliding door
Now think , they are changing tiles, sanitary fittings, kitchen layout, changed window dimensions, cheap quality sliding doors from sample flat to actual apartment & changed the elevation of building also. What is left unchanged?
They are not providing anything which they have committed.
They should put label on sample flat “This is only for entertainment purpose”.
Those who have already purchased be prepared for heart break.
This Assetz property are only for brave heart people :-).
Talking to their CRM team feels like watching David dhawan (illogical comedy) movies.
If you enjoy illogical answers then you will enjoy interaction with CRM team.
Now they are telling there are some fire related issues with UPVC frame for sliding doors 🙂 🙂 .. I tried putting lot of efforts to understand this concern & couldn’t satisfy my engineer mind.
They deny site visit under security issue tag & do not provide safety bars in windows which will provide safety to families for rest of their life.
I believe they must have hired Robots to work on site so that there is no safety issue.
Whenever i hear their ad for Marq on radio while driving , I just feel irritated & cheated.
if Assetz marketing team is reading , your tag line for marq perfectly matches this review.
WELL THOUGHT & YOU DESERVE IT.
My suggestion for buyers: If you are looking for A grade builder spend some more now & go to Prestige/shoba/purva else go to local builder who are offering decent quality apartments at 3300Rs/sqft & rest 1000/sqft which you are paying assetz for quality can be used for interior of your apartment. Trust me you wont regret your decision.
Simon
Quite possible… Same trick they have done in Marq. They have put superior material in Model Apt. and on asking in written they spilled the beans and told the actual spec. Which was far inferior to actual.
More than 50 initial buyers(including myself) decided to take back their investment and pulled money out. Best of luck to existing people…In current market it’s always better to buy ready to move in….
Hi Anonymous,
Since you have taken out your money back then why are you showing special interest in this blog?? Are you unable to get an equivalent product like Marq. Take a break dude. We understand that you are frustrated. Don’t keep on writing negative things for issues which have been resolved long back.
All the best for your search.
Slothbear, never knew this forum belongs to your father in law, where nobody can come and comment. And why are you worried if invested in best project in bangalore? Just ignore the comments. Same thing happened in Marq even u r aware. I wanted ppl to be aware of that. Grow up…
Anonymous, you are such a looser dude. U heard of sore grapes??? Good that mentally ill people like you are out of Marq. I believe that i have invested in right project that suits me. U got any problem?? People invested here are more aware than you. Don’t keep on cribbing for things which you did not get.
Get yourself a good project and you and your father in law can sit and only write on blogs and then you cancel there also and move to new one. Thats the only work u have. By the way i understand who you are and why are you writing these things on Marq.
Slothbear…Get the facts correct …
1) Investing customer has all right to know material spec before going for agreement, and Model Apt resembles to Actual for all builders (except interiors and furniture). Which is not true for Marq.
2) They are hiding this clarification from customers and I believe all customers have right to know this. Hence every time somebody will seek clarification or write related to that, I will reply to that. As my email id also I get the comment messages.
3) I accept that Marq is very well planned project(that’s why I invested initially). But material specification is substandard. If you have not written specifically UPVC window in ur agreement (Which they are promising now) then I would suggest you all the best. As the most important part of your house is window.
4) Builder is really unethical, If you remember Mallanna in open house said he is giving UPVC window with Mosquito Mesh(as free) to East Point customers. Now as per news it is replaced by Aluminium(as per above post). Worst quality UPVC is far better than best quality Aluminium. There has been numerous example for that.
5) Does not matter if you know me personally or not, and this does not effect any of us. If you think I am looser making other customers aware. I better be a looser :). So Keep guessing. And btw, u r also anonymous but I have 0 interest to know who you are.
6) You have taken your measurement and invested and I have opted out. Only time can decide who is bigger looser. So let us both wait…
7) Because of my mentality like ppl now you are enjoying UPVC, Jaguar and Kitchen granite. So it’s not good that we left(For u, for me I am more than happy) :).
So bottom line is I will share my Sour Experience in the blog… And btw its “sour grapes” not “sore grapes”…
Also do not waste your energy in replying as I am not gonna read it.
All the best, and really wish u to get an exceptional return… Not sarcastically…
Anonymous, here is my response
1. What is provided in spec is provided in model unit and is signed in agreement – Since u cancelled and did not sign you dont know anything about it.
2. You have cancelled your booking and all the existing customers have been given full facts – Your job is to add masala so that you can take out your frustration about cancellation
3. For your kind info they have upgraded the spec to UPVC window at no extra cost in the initial stages itself – Positive
4. Mallana did not talk anything about east point specs being changed – Please get facts right & do not misguide people on the forum-
5. Not interested who you are – You are suddenly popping out and giving some different perspective to discussion by bringing in the cancellation issue which is unnecessary. Many people cancelled because of the delivery period & slight modifications in plans and not anything related to specs. All projects at pre launch stage has these risks
6. Since you are investing so much of your time in reading and writing about this project only goes to show that u have missed the bus and you want to wait and see if your decision was right or no. Hence whenever there is something negative written you pop up.
7. You were not alone in the demand for change in specs. There were many people including me along with you. We should be thankful to Assetz that they readily accepted our feedback. Which builder does it?
8. Thanks for spell check. You have all the time in world to read about blogs of the projects you have booked and cancelled. So read mine also.
Bottom line – People can write positive or negative on this blog but some people are fake and some people are competitors rep’s, some are frustrated guys etc. People have to make their own judgement and question the builder for any deviations from the agreement.
The term usually used is “sour grapes” and not “sore grapes”
Hi Simon
Can you please elaborate more about points 4 and 6 on the owner’s google group for east point ? I know about other issues but not about points 4 and 6.
Thanks
Hello All,
Dnt book assetz marq.. we booked on assetz east point..Looks like what ever they promised is not true.. slowly they are changing the qulity..while booking they promised all high quality tiles,doors,pipes.. now they changed.. builder is cheating.. Even without completing respective tower, they are asking money…
Once you book you are gone..
Thanks
got a pamplet today with newspaper….saying their constructor partner is shapoorji pallonji…and construction has commenced, before this who were their constructor partner and could anybody guide me about realistic timeline for the project.
L&T has been their major construction partners in their other developments. Their development VTV on outer ring road sets a great benchmark.
I hear this project’s phase 1 is expected to deliver by 2018.
I was considering this project as the FTTH & School concept was interesting.. however, Its not in my budget 🙁
its 4500/sft now
They are giving this project to S&P. Top class contractor.
FTTH is now available in every apartment.
Mixed use projects always have better appreciation.
I would like to give all investors a word of caution. The investors in their first project Assetz East Point incl me are a frustrated lot.The quality of fittings in model flat and in actual flat are totally different. They are hell bent on using lowest class fittings in the name of quality.UPVC doors are being replaced by aluminium doors. Kajaria tiles are being replaced by NITCO tiles. In the name of aesthetics kitchen design is changed to save some cost on plumbing. We still have to see electrical and sanitry fittings. Investors are not allowed to visit site in the name of safety.We do not know what is further in store.All of us thought that what we see in model flat is what we get but reality is totally different.
What rate is Assetz Marq available at now? can the price be negotiated and to how much? Buyers please advise.
4300 is what I heard last.
BTW, is this project approved by SBI .
I see a comment below, that he got home loan from SBI.
Before buying, talk to people who have bought with Assetz East Point, who are sorely regretting their decisions. The quality shown in model flat and what they are installing differs completely and to top it, they don’t allow customer site inspection until after everything is unmutable ! So Buyer beware !
I wish someone warned me like this before I bought at EP or at least shown me the alternate universes. For the money I paid to Assetz, I could have got at a similar or bigger flat at half the price 5 KM interiors from current place, an expensive club membership for the family, a farm house in some nearby village, an automatic hatch back, couple of SUVs, and still have money on the table !
could anybody tell me what is progess in work till date….
I heard that excavation work is going on. spoke to their Crm team & was told that they will update me.
I am posting with my real identity so as to let people know here that Assetz is a lousy builder with zero professionalism, they could not even honour what they said about their first residential project East Point where I have bought a unit. They show a good unit for demo with nice fixtures but use different ones in actual unit. Most importantly their CRM team is just incompetent , they never reply to your emails and have little idea about legal documents and paperwork. If this is the kind of service I wanted I could have bought same stuff from tier 2-3 builder . Better buy from old builders like Hiranandani, Sobha, Prestege or even Purvankara . As it is Marq has too many issues it is not even worth it.
Hi Naveen Negi – Could you please mail me at . I wish to get more info from you on Assetz experience.
Naveen, I appreciate your honesty to put your real name. Sometimes I think their CRM is just lousy, sometimes I think the whole of Assetz are actually fraudulunt people. I mean who can image that L&W, a well reputed builder, subcontracted by Assets (and btw L&W also owns 30 pc of Assetz) could take everyone for a ride !
On one side, if we EP people openly bad mouth Assetz, then the value of our property will come down, and the other side we face the dilemma of telling the truth and forewarn other gullible customers. Anyway doing the right thing is better.
But Assetz is making fast progress in construction though with inferior fittings compared to Model Flat. But if given a chance, I would surely cancel a booking if there are no penalities.
Hi Sagarika, could you provide your e-mail to understand your concerns related to approvals and specifications issue mentioned? I am planning to book this week. Thanks in advance.
http://seiaa.kar.nic.in/Construction/con%20%20ec%20issued%20datewise/con-2013/2013/174%20CON%202013-%20Assets%20Whitefield%20homes.pdf
M/s. Assetz Whitefield Homes (P) Ltd., Bangalore have proposed for construction of residential on a plot area of 1,13,680 sq. m. The total built up area is 1,15,624 sq. m. The proposed building consists of 649 units with 2B+ Upper Stilt/Lower Podium + Upper Podium & Partial Typical floor + 18 UF+ Partial Typical Floor. Total parking space proposed is for 879 cars. Total water consumption is 495 KLD (Fresh water + Recycling water). The total wastewater discharge is 450 KLD. It is proposed to construct Sewage Treatment Plant with a capacity of 450 KLD.
The project cost is 210 Crores.
san
Hi,
I am one the person who recelty booked Assetz Marq,
I found that the Permissions of legal docs are not matching with the Project . their CRM team says that we are working on it.
we have to go for cancellation, Not sure other guys are happy even if with the wrong legal documnets.
I never expected that company like Assetz will do these things like local builders. This is really bad experience, They have defamed their brand by doing so.
It is a wrong news that they have permission , they have permission which is not at all matching with the project,
Hi Sagarika, I am one of those who booked and executed the agreements. I even got the home loan approval done from SBI. I dont think a bank like SBI would approve the project with wrong legal documents. I am keen to know what exactly is wrong the legal docs. As per my understanding, the sanctioned plan from BDA so far is for Neighborhood 1 only, which they are selling currently.
Hi Sagarika,
Can you give your contact number and email id. I would like to know in detail regarding the issue. We are planning to buy a flat in Marq
This builder is charging like any CAT A builder though he is not. Sobha, Brigade, Prestige have taken so many years for their brand building and thus charge their premiums……
But I truly don’t understand why every other builder is charging premium rates for their buildings…. I wish to pay such high rates only to established CAT A builders who have proved the,selves for so many many years…..and not for newbies even if their configuration is nice…..what do others think about this. …..???????? ( here the basic price seems good but just at all the hidden costs and taxes and whopping final rate for 2/3 BHKs)
Hello Summet,
Can you post complete cost sheet incl taxes etc from any cat-A builder in that surrounding? This will help for comparison.
assetz has provided clarification why the VAT % is higher and I was satisfied. I believe we will see the same from all builders once they make it black and white. Some builders are hiding the taxes and quoting less to show attractive while they put a clause saying any changes in tax % will be from customer pocket. Which we will see at the end of the handover…
I think Assetz is charging right price for the product here. Also they are NoT completely new as I understand they have executed a no of big SEZ projects. I have personally visits their 27 park avenue and convinced on the end product although its a super luxury condo. There operating model is different to that of a builder who focusses purely on residential. As a invested I like assetz model.
Please can some body send me the cost sheet received to . I m planning for booking in Marq
Assetz plan is gud but as per the budget am concern but am visited Sv Heights near hopefarm juction next to shobha is better i feel regarding plan & location wise.
Few Questions:
1. FIVE lakh booking amount, 20% on call for agreement (within 3 weeks after booking), 10% within 30 days after the call for agreement. This is what the sales guy told me. Which means more than 30% of the money is taken by the builder, even well before the start of construction. Is it a realistic payment schedule.
2. Sales agent told some of the banks are offering 10%-80%-10% plans. What is the meaning of this? If banks are giving this option, how it will be aligned to point-1 mentioned above?
3. There is no mention about the tentative dates in payment schedule? I’m looking for possession around January-2019. I’ve financial constraints if it is completed before that and also I don’t want it to be too much delayed. What is the idealistic time I can expect the possession to happen?
Hi Raju,
1. Regarding initial payment – Its like one the requirement which builder has and we all have agreed and paid the amount. After 30% payment, its all construction milestone linked.
2. For 10-80-10 scheme, you need to pay from your end only 10% minus the 5 lakh amount. The rest will be funded by banks upto 80% and then u have up to next 3-3.5 years to contribute another 10% from your end. I have got this done from HDFC bank.
3. You can ask sales team for probable dates of payment and they will provide. They have committed to may’18 as hand over with 6 months grace. It will definitely happen in this time frame i guess.
Deepak
Assetz plan to start construction in November. Since it is mivan based , construction will finish earlier but actual finishing will take time. On an average to raise a floor it will take 15 days. To cover 26 floors it takes 13 months rest to finish. Iam guessing it should be ready for possesion by Dec 2017 max by 1st quarter of 2018
Interesting – is Mivan really that fast – which other residential property you took as an example ? That can churn the Bank payouts if floor linked and hence the interest even though possession would be later.