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Vaswani Exquisite

Vaswani Exquisite

by / October 28, 2014/ Hoody, Whitefield/ 95 Comments/

Vaswani Group has announced the pre-launch of their premium lakefront residential project Vaswani Exquisite (overlooking Hoody lake) located next to Hotel Zuri, ITPL Main Road, Whitefield. The project has received plan sanctions up to 16th floor and pre-launch booking are being accepted across all blocks and floors. EOI can be submitted for floors above 16 as the project is under approval for upto 24 floors.

Vaswani Exquisite

Vaswani Exquisite Options

  • 3 BHK
  • 4 BHK

In the range of 1820 to 2850 sft

Vaswani Exquisite Master Plan

Vaswani Exquisite Location

Next to Hotel Zuri, ITPL Main Road, Whitefield.

 

Vaswani Exquisite Price

As of 3rd week of June 2015, base price Rs. 5990/- per sft

Floor rise – Rs.25 per sft. per floor from 4th floor onwards for non premium units and from 1st floor for premium units

Booking amount: 10% of Basic Cost

PLC of Rs. 250/- per sft. is applicable for Pool / Landscape facing / Lake facing apartments

Take the poll – Is Vaswani Exquisite a good investment?

Vaswani Exquisite – SWD & Rajakaluve Details

Following details were provided to HarshaSagar.com by Mr. Sunil C.S., Sales Head at Vaswani

Rajakaluves

· There are no rajakaluves running through our property bearing Sy No.132/1,132/2, 132/3 & 132/4(P) of Hoodi Village as can be seen from the below link to the BBMP website
http://164.100.133.91/rajkalve/default.aspx?dir=%5c%5cbhm-db-pp05%5cDistrict%5cMapshared%5cRajkalve%5c%5cBangalore+East\Hoodi
· Pdf of the above list is also attached

Lake Buffer/Lake encroachments

· The lake in question, though colloquially referred to as “Hoodi” lake is actually “Giddanakere Lake” as per revenue records.
· The Government had undertaken a survey of all lakes in Bangalore for encroachments; a jpeg of the survey for the said lake is attached, along with details of encroachment and names of encroachers; as can be seen, there is no encroachment from any of our survey numbers. Web link for the same is http://landrecords.karnataka.gov.in/service3/lakesurvey.aspx
· The plan sanction has been obtained as per the Building Bye-laws and Zoning Regulations still in force
· More recently, Mr. Koliwad, head of the Lake Encroachment Committee and the current Hon. Speaker of the Karnataka Legislative Assembly has issued a public statement (attached), which should silence all rumour-mongers and Cassandras

Pace of work

·The project was announced and pre-launched in late – 2015, and after completion of preliminary site works, construction commenced in full swing in April 2016.
· There was a lull of about a month in May 2016 due to the vagueness of the NGT order, but based on legal advice, we resumed work at full pace in June 2016

Warm Regards,
Sunil C S
Sales Head

  1. lake-buffer
  2. rajakaluve-hoody-list
  3. Giddanakere-Lake-Encroachment

 

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95 Comments

  1. Dinesh Patel February 15, 2022

    Has anyone bought their apartment from the Landlord. Any legal issue still to be sorted out ?

    Reply
  2. N Jai January 21, 2021

    Has anyone bought their apartment from the Landlord

    Reply
  3. User1234 January 6, 2021

    I am planning to book 4bhk flat in this community and their price quote us pretty high compared to what I am seeing from other owners. Were they open to bargain? They are charging floor rise charge of 30 rupees per sqft. Any other concerns I need to be aware of?

    Reply
    • rk January 6, 2021

      Go ahead..only very few units left. 1 or 2 on top floors and still lesser few on lower floors and its lifestyle units commanding premium

      Reply
    • Jogi January 29, 2021

      There is a genset (3 nos) and it’s exhaust chimney right in front of the master bedroom balcony of the 4BHK unit.
      Also, the basement exhaust fans open up right beside that – premium indeed.

      Reply
  4. Sanjay Garg July 17, 2020

    I am looking for 3 BHK flat in this project. I want to know :
    – Will this society have Kavery water connection?
    – what the possession date committed by builder?
    – Is the lake side issue with NGT resolved?

    Please reply.

    Reply
  5. Abhishek Kumar June 29, 2020

    Hi all,
    I am planning to book a flat in C block and needed your review on the project . There are dew things that I observed:-
    1) earlier it was g+16 but now they have constructed g+21.
    2) is the lake issue resolved now?
    3) i can see change in sqft areas as well in the brochures of 2018 and 2019 – like it has come down from 1835sqft to 1815 sqft. This might affect the UDS they might have promised to the early bird bidders .
    4) they are claiming construction to be completed by 2020 dec now . What is that has been promised to the existing owners.
    5) any other legal or construction quality issues that has been noted by any existing owners?

    Thanks in advance for the help!!
    Cheers!!

    Reply
  6. Dipendra January 24, 2020

    We have created a Whatsapp group only for Owners. Please whatsapp me on this number 9900246977 with flat details. I will add you once it is verified.

    Reply
  7. Rakesh July 14, 2019

    Can anyone share their opinion regarding Vaswani Exquisite project before buying ?
    Is it free from any legal issues regarding flat density,height,lake side buildings etc ?Anything is needed to be verified from lawyer ?Which side has best view apart from lake side ?

    Reply
  8. Vinod October 30, 2018

    Hi:

    What is the current status of the NGT order? Are there any pending issues in the project relating to SWD and Distance from lake bodies?
    Also, what is the number of bookings so far?

    Thanks & Regards,

    Reply
  9. Mithun Vakharia March 15, 2018

    Guys, Do any of the apartment owners have started Whatsapp group ? I would like to join one if there already exists one else I will more than happy to start new group. Ping me your numbers to following email ID:

    Reply
  10. Mohan February 23, 2018

    Hi …
    Can anybody mention base price presently goin on ??

    Reply
    • Mithun Vakharia March 15, 2018

      I think the recent price quoted by Builder was 6,299/-

      Reply
    • aditya March 20, 2018

      In between 6000 – 6200 (negotiable of course)

      Reply
  11. Manjunath February 22, 2018

    Hi guys ..
    u can add me to group.. I heard there are stil flats available for booking ..compared to present projects in same road ..Vaswani specifications are better than others

    Reply
  12. Mili Sinha July 1, 2017

    Has anyone recently booked this project? Any new news would be good.

    Reply
    • Mithun Vakharia March 15, 2018

      Yes, I have booked recently.

      Reply
  13. gaurav khokhani April 19, 2017

    Hi , I am interested in buying 3 bhk in exquisite
    Can someone please guide if the property is under some issue with lake and facilities in the project

    Reply
  14. Nishant October 9, 2016

    Hi

    Please let me know, if this Vaswani exquisite is built on raja kaluve(SWD), I can see a big one online on ClearValue
    I am bit worried, please let me know

    Reply
    • Pradeep October 19, 2016

      Hi Nishant, Yes there are issues with lake with this project.. Its amenties are within 30 mts of lake and with new law even building also comes with 75 mts. I have discussed with my lawyer and he suggested not to invest in this property.. Regarding SWD not sure as I didn’t consider it further.

      Thanks
      Pradeep

      Reply
      • Sravan February 8, 2017

        Can anyone pls reply to above comment..I’m worried now..Can’t book the flat unless I get confirmation on this.

        Reply
        • Misra January 28, 2018

          Hi
          I recently booked a flat in Vaswani Exquisite, we were concerned lake buffer. considering the fact that they received CC after the NGT order also there are no Raja kaluve passing through the property we went ahead.

          Reply
          • aditya February 22, 2018

            Sravan, go ahead without any doubts I have recently booked in this project and did thorough verification with lawyer and I am not suggesting because I have booked in this project but I have gone through and read each and every document personally. Just to clarify important misconception about NGT order and Raja Kaluve
            — as Misra mentioned no Raja Kaluve passing through this project
            — even though tennis and basket ball court is coming in 30 meter buffer zone, it is not a permanent concrete structure so no issues with that

            Reply
  15. Parry September 5, 2016

    Request members to throw some light on the following concerns:

    1. This property has been in the launch/pre-launch stage for the last 3 years. Still things haven’t moved. 2 weeks back I visited the site and things are at supper slow pace. Does anyone got idea on why things are stuck? Is there any legal issues? or, delays in plan approval?

    2. This piece of land is right next to lake and I doubt whether they can comply to NGT guidelines of 30/75 meters? Has anyone checked on this front? Considering latest demolitions I am little jittery on investing in anything which is close to lakes.

    I’ll definitely do my own due-diligence but request everyone in this forum to share their inputs.

    Reply
    • Sravan February 8, 2017

      Hi, Have u got any update on this..Can u throw some light on how to clarify the things on our own.

      Reply
  16. rahul May 16, 2016

    Guys,

    I am confused between 3BHK of Lakefront & Vaswani . Which one should we go for? My office is in ITPL.
    Any pointer would help.

    Thanks,
    Rahul

    Reply
    • Bikram May 28, 2016

      Depends on your budget and time horizon. Brigade would be delivered early, but price might be more.. Also, brigade is a larger community than Vaswani.. Both are near to itpl hence no worries on location. What is the construction status of Vaswani? Has the payments started? It seems things are progressing slowly..

      Reply
    • Ashok January 22, 2018

      Brigade Lakefront is not at all premium compared to Vaswani exquisite which aims to be even premium than the Vaswani reserve. Only thing Brigade lakefront can offer in term of a premium is the only size of the apartment. Have evaluated both the project in q4 2017 and recommend VE compared to BLF.

      Reply
  17. Amol May 8, 2016

    Hi, Is there any owner’s forum for common points to discuss?

    Reply
    • Amol May 8, 2016

      I mean for Vaswani Exquisite project

      Reply
  18. Rishi March 12, 2016

    Hi,

    To all the people who booked, what is the possession date as per the agreement?

    Reply
  19. Harsha Sagar June 24, 2015

    Update: New price: Rs. 5990/- per sft as of June 2015.

    Reply
    • Alok November 29, 2015

      Hi

      Can anyone tell me what is the current price at Exquisite? Appreciate if you could give some more details as well..

      Reply
      • Alok December 19, 2015

        Thanks. But I informed coz of zuri their few blocks are blocked and the rates should be resonance for the same.. They are quoting 5400 for those units. However I would look at the price I am paying even though 5400, I would not like a hotel to block my view..

        Reply
  20. Prakashjk April 15, 2015

    beautiful flats are available for sale with really good views in Prestige shantiniketan at a much lower cost

    Reply
  21. Nikesh April 14, 2015

    hi,

    Anyone booking or booked a flat at vaswani exquisite?

    I am planning to do it today!!

    Reply
    • aayush April 14, 2015

      I am also planning to book.

      Reply
      • Bikram April 15, 2015

        Can you share some of the factors which helped you in making the decision?

        Reply
        • Nikesh April 17, 2015

          Bikram,

          1. nearby projects like Address Makers is going for around 5900 + PLC.
          2. Metro nearby, Zuri hotel, the road in front of the project will be expanded to 100 ft so these will aid in appreciation. Plus my office is nearby so easy to commute. Assuming, my office will be nearby in the coming years as well 🙂
          3. I got a great deal when booking at Prelaunch
          4. High end specifications.
          5. Vaswani – tier A(-) builder, if not tier A
          6. no legal hassles – SBi approved already
          7. Dont think the project will go beyond 20 floors cnsidering the FAR they will get from the road in front of the project.
          8. Plus 5% No PRE EMI scheme

          Overall, I liked the design, layout of the project so I think it is a worthy buy. Let me know your inputs on the same.

          Reply
          • Ankush Jain April 19, 2015

            @Bikram

            Could you please share the detail you got during prelaunch?

            Reply
            • Bikram April 20, 2015

              Hi Ankush,

              I think you meant Nikesh ….I have not received any special ‘deals’ during pre-launch, it was just what was available for others i.e Rs 5750 + other charges….I guess the rates have been revised now… Maybe Nikesh can shed more light on the deals provided then…

              Reply
              • Nikesh April 23, 2015

                Bikram,

                Have you also booked a flat in Vaswani Exquisite? Which block have you opted for?

                Reply
                • Bikram April 24, 2015

                  No, I have not booked.

                  Reply
    • sravan February 7, 2017

      Hi Nikesh,
      Need your opinion about booking flat in vaswani exquisite. Please let me know if you had booked flat..if so have you verified the documents legally.
      Your help is very much appreciated.
      Request to please provide your update on this.

      Reply
  22. Sujit Nair April 6, 2015

    I have been hearing about some land dispute that Vaswani Exquisite is in, but haven’t been able to validate it. I did have a chat with one of their guys and got all the documents, however, haven’t got it legally verified. Wanted to check if there’s more information on this front? or if this is just a rumour!

    Reply
    • Bikram April 8, 2015

      One of my colleagues has also visited the project recently and was mentioning about the land issue – as per the documents shown to him, it seems the issue has got resolved and the group is planning for the launch in the coming days. However, the best way is to get in touch with a lawyer and get the documents verified. My colleague is doing the same.

      Another point which he mentioned was the density of the project – it seems more than 400 apartments are planned in 4.5 acres, but approval is not yet received for all floors. The total floors might be less, but that is still doubtful – please verify this point before entering this project. The Builder should confirm this during launch, otherwise it would be a big sore point for the buyers and lead to dissatisfaction later. Hope others in this forum agrees?

      Reply
    • ram April 16, 2015

      @Nair – Its your money and no one is going to pay for your apartment. so do not go by rumors..since most of the builders are cheating the people..its better to listen to negatives rather than the positives of the builders.

      or you can wait till the real estate regulator approves the project..you can be assured that you atleast get what is written. The real estate market is on the downside..by booking one apartment the builder is not going to complete the project..so check whether the project is backed my any financial institution or private equity players..else the project is going to be doomed..and its your final call..

      Reply
      • Bikram April 17, 2015

        My friend was telling me that the project is now SBI approved – I guess that is a major step to proving that things are in order, since SBI does not approve easily. Now, the builder might hike the price further !

        Reply
        • Bikram May 17, 2015

          A correction: The project is still not approved by SBI – another worrying factor which is still present is the density of the project. Mahindra has recently launched a project in South Bangalore which has 403 apmts in 5.85 acres (that too only two towers)…lots of open space and very good density. Price is also similar around Rs 6000 per sq ft.
          Other factors seems good in the Vaswani project – if they are able to improve the density, then the response would surely improve.

          I guess consumers now look at multiple other dimensions (since most of the Builders provide more or less the same amenities and specs) before deciding to go for a project esp with the high price tag. Many of my colleagues in office are now looking at density, hence, this is turning out to be an important factor.

          Reply
  23. Ankit February 28, 2015

    Which is better investment:
    1. Assetz marq
    2. Vaswani Exquisite
    3. ROW
    4. five summit

    Reply
    • Bikram March 16, 2015

      Hi Ankit,

      I think from an investment perspective, all are good except for Assetz Marq. ROW might have an edge since it might be at a lower price point than Vaswani & Address Makers.

      Assetz Marq seems to have some internal problems – they are short of cash to complete the project. Hence, they have recently sold some of their IT parks etc to other groups to raise cash.

      Just my opinion..any other thoughts?

      Reply
  24. Bikram October 30, 2014

    What would be the total area of the property? Base price seems high, considering so many extra charges. How is Vaswani in terms of quality and on-time delivery?

    Reply
    • Bikram January 15, 2015

      What is the opinion on this project? How is the Builder?

      Reply
      • Prakashjk April 15, 2015

        Average builder too expensive for the extra cost .price location is good but extra premium charges makes the property too expensive as Vaswani is not the A tier builder

        Reply

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