Reliaable Developers have pre launched a new project of Villa Plots close to their previous project Gardenia and behind SJR Hamilton Homes, off Hosa Road. The project called “The Signature @ South” will offer 170 plots across 13 acres in Phase 1, with a plan to extend the layout to 90 acres in future.
Signature @ South Options
Plot sizes
- 1500 sft (30×50)
- 1650 sft (30×55)
- 1800 sft (30×60)
- 2400 sft (40×60)
Signature @ South Location
Off Hosa Road
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Signature @ South Price
As of 3rd week of July 2014, a special pre-launch price of Rs. 3411/- per sft limited to first 25 bookings
Basic Price
- 1500 sqft @ 51.1 lakh
- 1650 sqft @ 56.2 lakh
- 1800 sqft @ 61.3 lakh
- 2400 sqft @ 81.9 Lakh
Signature @ South Proposed Amenities
Underground Electricity, Closed Drainage, Sewage Treatment Plant, Individual Water Connection, Pavement, Asphalted Roads, Street Lights, High Compounded Walls, Kids Play Area, Overhead Water Tank.Entrance Plaza, Visitors Parking,
· 24×7 Security
· Outdoor Amenities
· Floodlit artificial turf Cricket /Football Ground
· Floodlit Synthetic Tennis,
· Basket Ball
· Badminton Courts
· Amphitheatre with Barbeque Deck
· 15,000 sq ft. of air-conditioned club house
Signature @ South Concerns
- Considering that SJR Hamilton Home (apartments) was pre-launched at 3250/- per sft about a year ago just next to this project, whereas villas like LGCL Bamboo Forest and LGCL New Life priced at around ~6500/- per sft, the project is priced ok and should offer some scope for negotiation
Signature @ South Investment Plus Points
- Large community with decent amenities
- Not too far off from the city, ready for construction
- BDA approval would assure clear titles
Take the poll – Is Signature @ South a good investment?
[polldaddy poll=8208901]
Hi
Im planning to buy a plot at reliable dollar colony phase 2.
I wanted to know if builder has finished construction of all amneties
n what about its maintenance
Is all papers provided by the builders clear
Noc etc
Please do not buy plot any of reliable property. They are cheats. S@s is 4 years old layout, they did not do any development in layout not even basic amenities like electricity and water. I am owner of one plot. I am regretting every moment.
Hi All,
I am planning to busy a plot in Reliaable elegance and Reliaable signature. Please let me know if anyone is facing any problem. Its been 3 years bit still people are not constructing their houses any reason for that?
I will be really thankful if someone help me with some info about the property.
Hi All,
I am planning to book a plot in Phase 2, Reliaable Elegaance? Can you please let me know your feedback on it? is there any -ve points to consider?
Thanks,
Anand.
I bought a plot in Reliaable elegance last year. I did check the docs thoroughly. Title is good. For good price appreciation, need to wait for Peripheral ring road
Hello Anand,
Did you buy the plot ? what is the price they are agreed for.
Hi Anand,
Did you book the plot? I am also planning to book one. Please give some info
Guys who had already purchased site at Signature@South please share your numbers to 7760131069 and join the Signature@South owners group in WhatsApp.
Hi Sailesh, I own a plot at elegaance. Is the watsapp group only for Signature@South or for Elegaance members also.
Hi Kaushik there is one more group for Eligance in WhatsApp. send request to 9731939393. Suresh is group admin for that group.
Hi we have purchased plot in elegance can we make a group?
i just booked a plot in elegaance. any group formed?
Guys who already purchased site in Signature@South… join the “Signature@South owners group ” in Facebook or Whatsapp. if u have any trouble in joining the group call me on 7760131069
Guys, I searched for the following facebook groups. I am unable to find that. Please provide me the correct group name.
Reliaable Signature@South
Signature@South owners group
Can’t find this group on facebook
Guys,
I cannot find the group that Reddy has asked us to join. I tried texting him with no reply. I have created one in the name of Reliaable Signature@South. All those who have purchased a plot of land, kindly join the group on Facebook. I will also create a what’s app group but those who are keen to join, kindly share your numbers and I will add them. This is strictly for those who have purchased a plot of land at Signature @south
Regard
Srikanth
The group is here. We already have a whatsapp group
https://www.facebook.com/groups/606122839489728/
Sorry Vinay, the link that you have given takes me to facebook page with an error message that says ‘ This content is currently unavailable
The page you requested cannot be displayed right now. It may be temporarily unavailable, the link you clicked on may have expired, or you may not have permission to view this page’.
Can you please send me the correct link
Regards
Srikanth
Add me into Whatsapp group
9880143899
Can some one create a valid group ?????? I didn’t find any groups in facebook about Signature at South
The link to the Facebook page is https://www.facebook.com/groups/803227429769605/
Please let me know if it does not work. Please also email me your number to srikanthmn@yahoo.com. I will add you into what’s app group.
The link to Facebook feoup is https://m.facebook.com/groups/803227429769605/
Please let me know if the link does not work. Please also email me your number to my ID srikanthmn@yahoo.com and I will add you to what’s app group.
Srikanth
Thanks Srikantha, link is working now “Reliaable Signature@South”. I request others to join the group.
Thanks,
Alok
@Prasad @ Vasanth…. join the group in Facebook
Good to see members(owners) joining the group 🙂
Guys who had already purchased plot here can join “Reliaable Signature@South” group in Facebook.
Search for “Reliaable Signature@South” in Facebook and join the group.
Hi I am vasanth, I have purchased a plot in SIGNATURE AT SOUTH, Considering the track record of developers,upcoming near by projects and Proximity to sarjapur road, Hsr layout, and Electronic city are all going to make this as a very good place to reside over period of 4 to 5 years.
Hi Vasanth…welcome to Signature@South… 🙂 i also owned a plot here. call me on 7760131069. I will introduce you to the owners group.
Vasanth.. search for “Reliaable Signature@South” group in Facebook and Join the owners group
Hi Harsha,
I have seen this project along with some other plot projects in the gated communities. One common observation is that I could find very few houses in these plot projects. It means that most of the plots are lying vacant. I am planning to buy a plot for building my own house. It would be difficult to build house without neighbors.
It would be very helpful if you can throw some light on why enough number of people are not constructing houses on the plots even in well established gated communities? I could not get good explanation on this from anybody till now.
Regards…Saugata
Dear Saugata,
This is a million dollar question. I visited this project on this weekend. At the project site, they had arranged for few paid players to play cricket whole day. It really helped those marketing guys making some quick sells. Do you really think, anyone went there to buy a house?
If you look around, except for barren land, there is nothing for miles together. Moreover, there is no proper access road. Dingy mud trails lead to this project. Just 100 meters before the project you find a 40 feet wide road.
Now, let’s take a practical case. Think that you live in that project and have come to Total Mall on Sharjapur road for your grocery and on return ask an autowalla to take you to your house. Can you imagine his reaction? No autowall wants go there unless you pay him 500 bucks. Imagine taking an auto at 8:00pm. That place is simply inhabitable today and would be so for next 5-8 years. Why do you think, anyone paying Lakhs for a plot and couple more on building a house would go there and live today? You can’t even find a grocery store nearby, let alone hospitals and other conveniences.
These “Villa Plots” projects thrive on Black money, NRI funding and disposable IT income amassed by on-site money. Don’t waste your time in looking for a house there!!
— Manju
I think the main reason is that everyone is thinking of the same and waiting for someone else to build. Ideally those who are interested should form a group and approach a good builder to build dream house. Of course there will always people who invest.
@Saugata and @harivansh,
Agreed. Group approach is all fine. But the real question is, even if you find a group of 10-15 like-minded people who are willing to construct houses there, is this place really habitable today? Or going to be in next 5 years? There is no grocery shop nearby, absolutely no conveniences. No school bus will come there to pickup your child. And, I believe, you can’t take those roads after it gets dark. Obviously, no roads so no street lights. How will you survive there? Can’t be there just to play cricket..!!
Now about the USP of this project: the upcoming, grand peripheral ring road…. where can you go by taking that road? Well, Peripheral ring road can take you around ALL the suburbs located at the far outskirts of the city. But you still need to get inside the city to attend your office. Unless you are going out the city, on any day, you will have to resort to those dingy roads for your daily commute.
Thinks about it before you put your hard earned money.
Manjushree, Harivansh
A few points which we may consider:
1. If we construct a villa it would take around 18 months to 2 years. By that time all the apartment projects (Park view, Pine grove, Hamilton Homes, Amedeus, Bliss etc)) will be over and many people will start living there. It would quite be possible to request the school bus/auto to come.
2. The real USP of this project are proiximity to Hosur Road (10-15 mins drive thru Jail Road) and Sarjarur Road (thru Hosa Rd and thru peripheral ring road’).
3. I have taken a look to the peripheral ring road thru’ the present muddy road. It will be 200 meters from the project. The main advantage of this road would be that, we are likely to get good habitation in 2-3 years and hence the availability of grocery, doctors etc would be more probable.
Having said this, I am still quite skeptical about the final outcome regarding my buying decision. But if we are really a committed group of people who would be constructing (come what may !) I would give it a serous consideration.
Thanks…Saugata
I agree with you; I can see some potential here; 4-5 years time if it really takes off we will be repenting; there is always a bit of gamble; I am going to book this week.
hi did u book plot here
Please join te owners group here if you have booked a plot.
https://www.facebook.com/groups/606122839489728
There are couple of more important points missing out here.
1. Most of the people buys the plot in gated community with a premium since they expect safety is assured with restricted access. But gated community is just a marketing gimmick. No approved layouts can have restricted access legally.
e.g. Reliaable Gardeniaa has 5 openings which don’t even have gates till now which is a safety threat for the people who want to construct and live there.
2. Developers don’t bother about giving basic amenities like electricity, water etc. when all the plots are sold out. This is another obstacle for the people who wants construct first. Here again we can take Reliaable Gardeniaa as an example. It is is more than 2 years after phase 1 is sold out in Reliaable Gardeniaa. No electricity connection is available till now.
If the state of the basic amenities are like this, then you can imagine what can happen to other amenities like .
Regards,
Prasanth
Hi Anand,
Thanks for the response.
So, in a nutshell we should not think of building own houses in so called ‘gated community / plot projects’. I will give you a few positive points also. I have seen some of the gated communities have good number of constructions (examples: Reliable Lifestyle in Harloor Road or Shubh Enclave in the same location). Also there are projects with Villas+Plots (Examles: Concorde Napa Valley , Vakil Encasa) where you don’t have dearth of neighbours.
In fact I am a bit confused on this point. The amenities Signature is providing is to encourage people to construct. It is so obvious because they spend substantial amount of money for the clubhouse and the football/cricket ground. I discussed it with them and the response is that they do not have direct control on whether the buyer would construct.
All your points are valid at this point (Doctors, Shopping mall, grocery, auto etc). But if you think of a bit long term, there are quite a few apartment projects started in that region (Hamilton Homes adjacent to Reliable Magnolia. Ardante Pine Grove, Amedeus etc etc). Don’t you think that the situation would definitely change in next two years when thousands of people start staying in these apartments. That’s also the time required to complete a house of your own (including plan sanction + build the house + interior decoration).
Would be glad to have your comments.
Thanks….Saugata
I am not saying that ALL the villa plots projects in Bangalore are inhabitable or that no one lives in such gated communities. Obviously, there are many good ones, and I wish I own one some day: -). All I am saying is that, MOST of the villa projects in Bangalore, especially “affordable” ones, are investor driven and no one really plans to go and live there, at least for next 5 years. And in my opinion, _this_ particular project is a complete sham. Think about it: In such investor driven projects, no one will be willing to pay maintenance. So, even expect the amenities to be poorly maintained and wane off over the years.
Now, if you are an investor, just don’t look any further. Go and book a plot immediately. You need not care about roads, street lights, security, convenience stores etc etc. You just need to bother about finding a buyer 8-10 years later.
Whereas if you plan to live there, be judgmental and very very objective. Look for a project where there is a good approach road, few stores and security. Let that place be far, but should be approachable by good roads, which will shorten your time to commute to your work. For example, a villa project in Sharjapur, Hoskote or Yellahanka town will make more sense than this project. Approach roads will be faster, and you will at least get few grocery stores and other little conveniences nearby.
Though I strongly believe that land prices are overhyped, looking at the current market condition, any villa plot project within the city limits selling below 5300 per sqft. will be inhabitable for years and poses big risk to home seekers, who plan to live there in 2-3 years time. Of course, this is bit of generalization, but I use it to gauge a project.
Ideally, look for a project where if no one cares to build house, you can still go and live, say in 2-3 years time. Otherwise your money will be struck for years together. As a home buyer, you can’t leave everything on fate. You are spending a lot of money, so at least few basic things must be assured in short term. Don’t just go by the words of marketing guys that the area will develop in next 2 years. I have seen many such desolated projects where marketing guys told me, back in 2008, that it will develop in 2 years. Still I don’t see any house there. Investor’s easy money, scorching in sun…..
I am about to buy in this development with a view to construct in couple of years time. Is there anybody interrested.
I had already bought it. hw abt u
Hi reddy, even I ve bought couple of plots with a view to build in couple of years. I think we should have a group “S@S”.
Sure. we will. 7760131069 is my number. Call me..we will plan S@S group.
So far one person had called me. We are in touch regularly. hope some of you who had already purchased a plot here will join us 🙂
Hey guys, my intention is not to influence anyone to purchase site here or do marketing for S@S, I am asking people who had already purchased to form a group. 🙂 so that we can share our ideas.
Hey now we are 5 members :).. I mean to say 5 members who had already brought site here formed a group. hope many more will join this group 🙂
Good to see the group. Tried contacting the above phone number with no success. Also again if any of you have plans to build the house, good platform to discuss. As a end user, I will be interested to build myself in near future. Also a face book page or a google group will be good idea for owners to discuss.
Contact 7760131069 to join the group-
Hi ,
(Almost )booked a plot here. Can you add me to the group ??
Now we are 7 members group
We are 8 now..good to see members joining
Hi,
I too booked a plot here. Can you add me to the group?
Hello,
To all owners of S@S:
I have bought a plot here in Phase 1. I have query on Khatha transfer.
Have anybody got Khatha transferred on his/her name ? Is it BDA khatha ? I heard from someone who bought plot here is that he received E-Khatha. As I understand, since this project is approved by BDA, each plot should have BDA khatha. Normally BBMP or BMRDA issues E-Khtha. This sole reason, I bought a plot here because it was approved by BDA. Any idea what is going on ?
Thanks
RS
Sorry guys.. My bad.. I clarified with builder. They give BDA khatha. No confusion now.
Guys I am also looking to buy a plot at Signature @ south from reliable, Any feedback on the developer ? and his promises?
I’ve booked a plot in this layout.Really impressed with great amenities, location, builder past track record & reputation.It’s really going to be a good investment option
Hi Harsha,
Please let us know your thoughts on buying the plot here.Is it worth to buy a plot as investment here?If we want to sell it in 3-5 years from now, what would be the appreciation? Can we sell it easily in future.
Your thoughts on this project would be very helpful. please suggest.
Rashmi
Any problem with this project? Looks like a very good investment option and next to pheripheral ring road and still no comments or interest in this forum on this project?
Hi harsha , Can you please let me know If it a good investment….I heard peripheral ring road is coming adjacent to this property.