Le LexuZ StoneView is an integrated residential community located close to Bangalore International Airport. The project developed by Hebron Properties will offer a mix of residential plots, villas and apartments spread across 20 acres of land. The project is approved by BIAAPA.
Le Lexuz Stoneview Options
- 30 Villas – 2100 to 2400 sft
- 75 Apartments
- 166 villa plots in various dimensions – 1500 to 4000 sft
Le Lexuz Stoneview Location
Key Distances
- NH7 – 7 km
- Trumpet Flyover – 9 km
- KIA – 14 km
Le Lexuz Stoneview Price
As of 2nd September 2014, a Pre-launch price of Rs. 2599/- per sft
Hello All,
We are from Hebron Properties Pvt. Ltd. and this is with regard to a few comments passed in the above thread. Thank you all for your posts, we are here to clarify certain points with regard to our project Le Lexuz Stoneview:
• Le Lexuz Properties Pvt. Ltd. (Le Lexuz) is an affiliate of Hebron Properties Pvt. Ltd., one of Bangalore’s leading Real Estate Developers. Le Lexuz caters to first-time home buyers and focuses on premium luxury housing. The Company’s first project Stoneview, is a premium residential community located in North Bangalore offering Villas & Villa Plots with world-class amenities
• We have done due diligence by one of Bangalore’s leading property lawyer of all legal documents thoroughly before stepping
• These documents are also scrutinized by more than 110 individual lawyers
• All majority Banks such as Axis Bank, State Bank of India, Punjab Housing Finance Limited & LIC HFL have approved the property and are a testimony to its acceptance
• We don’t have any existing litigations nor foresee any in the future as we hold accurate authenticated documents pertaining to our project Le Lexuz Stoneview
• There are few comments been passed by unknown/unauthorized people stating that a case might crop up in the future and that is completely baseless and trying to falsify the intent of bona-fide customers
• We anticipate any kind of genuine proof towards the hearsay in and around our project to support the statements made instead to making false/untrue statements
• We hold all legally verified documents for all survey numbers pertaining to our project LSV and we don’t foresee any kind of issues arising in the near future or eternity
Therefore, we request customers who are interested to know more about the Company/Project/Legal aspect are free to contact +91 9019175000 or email us at
Thanking Lexuz team for coming forward & clearing the confusion. Will definitely talk to your sales team for further information!
The customer care are not quick. They do not respond to your email quickly and take there own sweet time to reply. Do not get any updates on the project on the website or by email. Whatever they say, they keep postpone the promises they made to customers. They never keep the words.
Has anyone purchased a villa at stone view?
Hi
I was almost about too purchase but backed off. Thank god during my due diligence investigations talking to some of the local farmers around Rajanakunte village discovered that some of the grand children and maternal aunts of one of the families that sold the piece parts of survey number which is now part of the 20 acre plot are planning the sue Krishna developers the original GPA holder who subsequently purchased the land and may be resold to Lexus properties. As I understand from the local villagers the basis of planned lawsuit is only related to few of the survey number now part of the 20 acre. The piece and parcel of the land Krishna developer entered into an agreement is inherited property and now the other legal hires i.e grandchildren and maternal aunt who are legally entitled to the property are in the process to file a Lawsuit.
Also I was told by some of the villagers for a one of the survey numbers a crucial document called Moola Patra / Mother deed dating back to 70 plus years is under dispute so there is possibility of second law suite !
I do not want to end up fighting court case for the rest of my life so I am out also feel 2400 per sq feet is not a great price.
Good luck
Jaymuni Rao
That’s a disturbing news. Can you let me know more? Can we talk? Can you give your number or call me on 9845199852? Thanks!
Thanks for sharing this on the forum Mr Rao
Hello Rao,
Thanks for sharing this information Mr RAO.It is good to hear from what farmers have mentioned to you. It would be great , if you could be specific on this
Can you help us understand which Sy:No , you are referring too.?. Have you got a chance to read the legal opinion from the Lawyer /Counsel from vendor( LLSV) ?
Mr. Jaymuni Rao. I would appreciate it if you could share your phone number by emailing me.
I would like to talk to you regarding the conversations you had with the villagers. You would be doing me and others like me who have purchased property at Stoneview a great favor.
I can be reached at
Thanks.
Subhrajit
Has anyone purchased a villa at Stoneview?
I am in first release. I have paid only initial advance. Technically, I can register now and am trying to accelerate registration pending some clarity on amenities. I am keen to know if any one registered as well..
I have already paid 100% of cost of the plot in Le Lexuz Stoneview. I have to get the plot registered once it is released by BIAPA. I have opened a group titled ‘Le lexuz Stoneview’ on Facebook. I have posted some photos of the project on the group page. Anyone interested to view the photos is welcome to have a look. The link for the same is – https://www.facebook.com/groups/1547755988788390/
@H B Lalwani
>>> I have to get the plot registered once it is released by BIAPA.
What % of project is released for registration by BIAPA so far?
Mr.Lalwani did they get your plot registered, as I also have booked a plot & it has been more than a month. Has anyone here got your plot registered here till date kindly reply.
@Vishal,
Mr Lalwani made100% payment even before BIAPA released the plots. That too in this down market, surprising to see someone pays 100% at such early stage.
Moreover, Mr Lalwani would reply only on his UNKNOWN Facebook page.
You may like to post your query on his FB page, away from public glare and probably strike a deal…!!!!
Hi Manjushree, Mr. Lalwani has actually shared his contact details on the FB group. I am an owner of a plot at Stoneview, so very concerned about any issues. I had the documents checked by a lawyer and he had said it looked all ok.
You seem to be terribly upset with Hebron / Mr. Lalwani. If you have issues or doubt either of them, thats ok and understandable. But your posts are quite intense. Wanted to know. Is there any reason for it ? Thanks.
Thanks for the vote of confidence Mr Subhrajit.
>>>>> Mr. Lalwani has actually shared his contact details on the FB group
Every other MARKETING guy shares his contact details on this forum, enticing customers to call them for “more details”.
Mr. Lalwani’s move became apparent when he attempted to allure PERSPECTIVE customers to his FB page. Forming a group of BUYERS is normal and quite understandable, but calling ALL interested parties ??
As for your:
>>>>> I had the documents checked by a lawyer and he had said it looked all ok.
I think, you better be concerned about MORE INTERESTING comments from Mr Rao. Find here:
http://harshasagar.com/2014/09/02/le-lexuz-stoneview/comment-page-1/#comment-34008
The facebook group is much more transparent. I can see the profiles of the users including where they work, their friends photos. Yes, I guess it is possible to fabricate all of that but its not easy I think and I think I can spot a fake account.
In this group, I do not know anything about anybody. Are you a female or a male ? Do you work for Hebron’s competitor ? I have no idea.
Your posts certainly are not civil and you are drawing conclusions – such as every agent leaves their number, so Mr. Lalwani must be an agent – which may be correct but have no strong logical evidence.
You comment about an UNKNOWN facebook page…. I have found it and so has 30 other people. Here is the link…
https://www.facebook.com/groups/1547755988788390/
It is true however that it is more difficult to find than the Harsh Sagar page.
About me being concerned about the post from Mr. Rao, I am. I need to figure out how to verify it.
Thanks.
Team,
Just checking if any one of you have completed purchase process and registered the plot? Is there any one who have taken a loan and if yes, can you share bank details? I understand 80 are registered from the sales person (includes 30 villas); last day I visited the site and there are slow developments – excavation is in progress for drainage/sewage lines and has started from the right hand side of the site. Some amount of compound wall is done as well and some areas are left with assumption of expansion. Manoj
I heard through my friend that his friend’s plot was supposed to get registered by 1st Nov.
But the developer has not made the promised progress and the registration does not look like possible in near future.
Thanks. This helps. I was considering this project for investment. Now most probably I will drop out.
Today I paid the balance amount for the plot. I have paid 100% now.
@H B Lalwani
You share such information with the forum—when and how much you paid up, how all the papers came out clean after rigorous legal verification, and how promising this project looks etc.etc .
But, for your other comments, you ask investors to come to your UNKNOWN facebook page.
Furthermore, you look for people who are “genuinely interested in buying”.
What kind of hypocrisy is this? Why don’t you reveal your real intentions?
If Infosys and others are pulling out from north bangalore, when will this area become Koramangala?
This area will become Texas in a few months from now.
Dear All,
This refers to the comments above regarding Le Lexuz Stoneview. Thank you for all your posts.
Le Lexuz Properties Pvt. Ltd. (Le Lexuz) is an affiliate of Hebron Properties Pvt. Ltd., one of Bangalore’s leading Real Estate Developers. Le Lexuz caters to first-time home buyers and focuses on premium luxury housing. The Company’s first project Stoneview, is a premium residential community located in North Bangalore offering Villas & Villa Plots with world-class amenities, Le Lexuz has plans to come up similar such projects across Bangalore.
Stoneview is set on 20 acres and offers residential Villa Plots & Villas and is located Off Chapparkal Road, near Stonehill International School in North Bangalore. This property is BIAAPA approved and comprises of 202 plots. There are two types of Villas, Villa Ebony (4 bedroom) and Villa Ivory (3 bedroom). The titles to this property are marketable, subsisting and absolute. All majority Banks such as Axis Bank, State Bank of India, Punjab Housing Finance Limited & LIC HFL have approved the property and are a testimony to its acceptance.
Krishna Development Corporation is the owner of the property from which Le Lexuz has purchased the sites under the Registered Agreement to Sell.
Customers who are interested to know more about the Company/Project/ Legal aspect are free to contact +91 9019175000.
I am interested buying 1500 sqft plot. Can someone let me know the current price and availability?
I have a plot here. As far as I know plots of 1500 sq feet are no longer available.
Hi Mr RRR
Let me know your name & contact details, infact you can send is to my email id: . will have someone from Lexuz talk to you at the earliest. As per my understanding only one plot of area 1500 is available.
regards,
Bharath
what is the current price?I am looking for 30×50 or 35×50 size plot here..
Sudha, Suggest you to talk to builder directly with out providing any references such as Bharat is trying to put his name forward as he does not seem to be from builder side. You will lose the leverage of additional negotiation if you are going via any referral. I have blocked a plot here but yet to pay the booking amount and sales guys already started pushing me to get referrals for 1% return of sales value. You have better chances of negotiations if you contact them directly. Also for everyone’s benefit current price seem to be between 2600 and 2800 depending upon your negotiation..
Infosys pulls out of software development centre near Bengaluru International airport
http://economictimes.indiatimes.com/tech/ites/infosys-pulls-out-of-software-development-centre-near-bengaluru-international-airport/articleshow/45016669.cms
Wait gets longer for Lexuz Stoneview as it waits for another IT boom to be called the next koramangala or Indiranagar combined. At this rate, it may take another 20 years.
Speculation over north Bangalore is coming down. Prices should follow….
Sir, If this is area new koramangala or Indiranagar, which area will be downtown?
I have booked a plot in Le Lexuz Stonehill by paying Rs 5 lacs. I have received the legal documents. I have given the documents to my lawyer to assess their legality. I will be getting the lawyers report in few days. I have yet to get the sale agreement to be signed from Hebron Properies.
Hello H B,
Wanted to check if you have got the reports from your lawyer and there are no complexities with this project as far as legals are concerned.
Also hebron is the parent compnay of Lexuz as the sales team is saying. I am not sure why they sell in name of Hebron while project belongs to Lexuz. Do you or anyone has some comments?
Thank you
Ajay
I have already booked a plot. I have paid 50 % of the cost after getting the papers checked from a lawyer. I have opened a page on Facebook titled ‘Le Lexuz Stoneview’. In case you want any further comments from me, Check the page and ask for my comments on that page.
@H B Lalwani
Sir, you came, you discussed your situation, you inquired about the project, did your due diligence, and finally booked a plot (surprisingly, by paying 50% upfront in this down market…!!!)
But now ….
>>>> I have opened a page on Facebook ………..Check the page and ask for my comments on that page.
Lalwani-Ji,
If you have benefited from this forum—which you obviously did—why do you want to high-jack further discussions about the project away from this forum. Please understand, this is a much wider forum, and you and others will benefit much more by discussing on this forum than on an unknown Facebook page. May be there are facts forthcoming on this forum that you don’t know yet…!!!
Or do you worry that any further discussion on this forum about “‘Le Lexuz Stoneview”—-inevitably the next Indiranagar and Koramangala combined—–may jeopardize the sanctity of the project?
@Manjushree, Firstly I had already done my due diligence before coming to this forum. After coming to this forum I saw that, barring some people, most of the comments here were from people who were not interested in buying a plot in Le Lexuz Stoneview. So I have opened a page on FB for people who are really interested. So the page on FB is not an unknown page.
Anyone who is genuinely interested in buying a plot in Le Lexuz can always get my comments on the FB page.
@ H B Lalwani ,
Your answer is not justifiable..Someone on this forum mentioned before about a google forum for stone view buyers..
I have booked a plot in stone view as well but this forum has always proved to be useful and is 1st landing zone for all info you need to get started.
Dear Lalwani-Ji,
You can’t be so thankless towards this forum. You owe so much to this fourm. By denigrating those valuable inputs you got in this forum, you are showing your TRUE COLOR.
And about:
>>>>>most of the comments here were from people who were not interested in buying a plot in Le Lexuz Stoneview
How do you know who is genuinely interested and who is not? Did I tell the forum that you are a paid TROLL trying to waylaid gullible investors to an UNKNOWN facebook page? No, I didn’t. Because, I don’t conclude such things without knowing for sure, even though there are enough indications to believe so.
I hear this all the time in this forum. Someone is not right because he is not a GENUINE buyer. Well there are 2 situations when you care about whether someone is a GENUINE buyer:
1) You are selling a flat.
2) You are from sales and marketing team of the builder.
You are of-course not selling, so should we believe the latter about you?
One may not be a buyer, but he may be staying beside the project and has some valuable information to share about the project in particular or about the area in general. Should we not value his inputs?
Everybody’s opinion matters, take it for what it’s worth. Don’t just avoid or prove someone wrong because someone is not buying into that project.
If you entice people who have already bought in “Le Lexuz Stoneview”—–the veritable Indiranagar and Koramangala waiting for another IT boom—–to your facebook page, it makes sense. Otherwise, this forum remains the de facto place for a perspective buyer.
Regards,
Manju.
Dear Ajay and Manjushree,
I do not have to prove anything to anyone. I am not obliged to give any information to you. In case you want any information from me I will give it on my terms. In case the admin of this forum asks for any information I shall gladly give it to the admin. That is end of discussion as far as I am concerned.
@ H B Lalwani
I am not able to get the facebook page mentioned by you.
Please can you give more details
thnx
@George, I got the link. I am able to get the FB Page when I send the link by email. I am not able to get the page when I type it in Google search. I cannot understand why. If you tell me your email ID I will send you the link by email
Hi George, I have sent you the link by email. Please confirm if you received it.
The link does not work.
Can I know what price you got it for?
I also booked a plot here @Lexuz. Got the papers and gave it to lawyer for the scrutinizing the papers. Since all the plots are not sold to Lexus from the Krishna developers, the paper verification need to be done thoroughly.
Hello Bharatraj, I had also got the papers checked by lawyer. I have already paid 50% of the cost of the plot after getting the papers checked. I have opened a page for Lexus plot owners on Facebook. The page title is ‘Le Lexus Stoneview’. In case you want any comment from me, you can do so on the Facebook page.
I have already booked a plot. I have paid 50 % of the cost after getting the papers checked from a lawyer. I have opened a page on Facebook titled ‘Le Lexuz Stoneview’. In case you want any further comments from me, Check the page and ask for my comments on that page.
What is the survey number under which your plot located? who is going to execute sale deed? Owner1/2/3 or Lexuz?
I think Sale deed is being executed by both Krishna developers and Lexuz. When I talked to CRM he told me that they are executing a GPA on behalf of KRD.
Hello Bharat, My plot is in survey No: 161/1. The sale agreement is likely to be between Le Lexuz, on behalf of owner 123 and Krishna Developers, and me.
you mentioned “on behalf of owner 123”? does that mean owner of survey no: 161?
and also I am unable to find out the Lexuz FB page created by you. I am going to get the sale agreement done soon. My plot comes under survey no:159. I would like to include owner of this survey no in sale agreement & deed.
My email id is
Hi Bharatraj, I have sent you the link by email. Please confirm if you received it.
This link doesn’t work. Fails with an error “No page present”
Hi Bharatraj,
I am also interested in buying the villa plot in this project. Did you had the legal documents verified by your lawyer. What was his comments. Are the legal papers satisfactory enough to go ahead with the project.
I am not looking at it as investment. If I buy it, I would want to start living there in next 2 years. The only promising thing for buying the plot there is that the builder would be coming up with 30 villas and the club house.
Any thoughts from anyone on how livable the place will be in another 2 years?
thanks
Aseef
Hey Guys,
Yes, the project is a good 6 – 7 Km’s Off the international airport road.
Currently there is no social infrastructure around except Stonehill International School which is owned by the Embassy Group. Think calling it the next Koramangala would be a little overstretched as of now.
A lot of other notable developers are coming up with good plotted developments in the neighbourhood.
North Bangalore gained prominence post-2008, when BIAL became operational. North Bangalore is going to be the next big thing in the Bangalore real estate for various reasons.
Unlike the rest of Bangalore, the basic Infrastructure has first come to North Bangalore and then the development has followed.
Due to the proximity to Central Bangalore and the new International Airport, North Bangalore will see a lot of people from the affluent class (Including the NRI’s) moving in.
Also since a major chunk of the land in North Bangalore is owned by a handful of big landlords/corporations, it will ensure planned development.
Apart from Manyata Tech Park, The Hinduja group is coming up with a large IT SEZ near the Yelahanka Air Force Base. Large IT firms are expected to sign up space in the SEZ.
Singapore based, Assetz Group is also coming up with a 10 acre commercial development on the way to the airport.
To know more, all you have to do is drive around the stretch & you will know.
The markets in general today is not in a bull market phase. Well thats been the case with every asset class all over the world.
Most importantly, it is in this market scenario where the best of investors or buyers come in picking up assets at good value. Quoting Warren Buffet, “Be fearful when others are greedy and be greedy only when others are fearful.”
The modus operandi of any good investor is to be patient. So pick an asset now in North Bangalore and be patient.
As always, Good things come to those who wait.
—
Nakul Shetty,
Sadashiv Nagar
M: 91 9008416412
Hi Nakul. Thanks for all the info. I appreciate your comments. Just wanted to ask you how you got all this information. I also like to be as well informed as you.
Haha. Thank You Mr. Lalwani.
I am from the real estate space. So we usually get information that is usually not out in the market.
And as famously quoted by Albert Einstein, “The secret to creativity is knowing how to hide your sources.”
Thanks Nakul I am interested in investing in a plot in Bangalore on a 5-10 year perspective. Can you suggest which area of Bangalore I should invest. Can you suggest any good projects in that particular area..
Nakul shetty,
Your ideas are good.But genuine buyers are not there in large numbers.Only investors are waiting in the side wings for an opportunity.If those investors buy now, can they sell it to anyone later at higher prices ? A couple of IT parks do not help much because major companies are in E city and whitefield where there is a lot of scope for developments.
Now the market is in coma and investors are not able to sell.They will be in serious trouble soon if they are leveraged.
If the experts say that North Banglore is going up, then nothing will happen there and investors will be left holding the baby.
To borrow your quotation and twist it ,” The secret of success in RE is hiding the truth and creating hype”.
A real estate insider like you will never reveal the truth by saying that North will go up.
The fact is RE will be half dead for a long time to come.
Dear Mr. XYZ,
No company will invest upwards of Rs 100 crores on land acquisition and signing up JV’s unless the place has potential.
These are large conglomerates and not some real estate developer whose leveraged to the hilt like Lehman Brothers. And what i have disclosed here is just 2% of what it is.
My post clearly mentions that the markets now are quiet. It is the same with other parts of Bangalore as well. And it is the same with the general business sentiment across the world.
Auto sales which is generally considered a very crucial sign of an economy’s health is also muted.
Bangalore is mostly an end users market unlike Gurgaon, Mumbai and the other big cities. Thats the biggest advantage with Bangalore.
Yes there is an oversupply in some pockets especially in high end villas & properties costing upwards of 1 – 1.5cr. Nobody is denying that. But the right product at the right price is still finding takers today.
Coming to your point about Whitefield. Nobody wanted to invest in Whitefield till early 2000’s. That was until ITPL came up which brought with it developments all around.
In fact when Prestige Shantiniketan was launched @ Rs 1,850/Sq.Ft, a lot of naysayers like you, said similar things like it’s way too far away, its a suburb, its only a hype, markets are in a coma etc.
Well today, the naysayers continue debating and those who invested back then are laughing their way to the bank. You being a naysayer that u are, i suspect you will remain so for perpetuity.
I am not promising anything in the air here. Stating plain simple facts.
North Blore already has 2 tech parks, Manyata and the upcoming Hinduja Park.
L&T Engineering recently picked a large office space of 5 Lac Sq.Ft in Manyata Tech Park.
Lowe’s, the $50 Billion US based Home Improvement company has picked up 1 Lac sq.ft of office space in Manyata Tech Park. These are transactions that happened in 2014.
The Hinduja tech park when ready will see some big names moving in.
I am not saying North Blore will be another Whitefield. But it definitely is going to be New Bangalore in a few years.
You cover a distance of almost 30 Km’s from Hebbal to Devanahalli in less than 20 mins. Tell me in which other part of Blore is that happening today? Yes things might change in a few years, but the infrastructure is already in place for it.
Did u know that, Yelahanka has the highest number of International Schools in Karnataka? And mind you all these International Schools are some of the best in Bangalore.
And to those who have been hoping for a Depression (and not even a recession) of sorts in Indian real estate market, hoping that the markets would crash faster than Kingfisher Airlines, here are some facts that i would like to share about Bangalore, none of which is made up.
1. 1.85 Lac migrants arrive every year
2. Third largest disposable income after Delhi & Mumbai
3. Bangalore will see a 8 million (80 Lakhs) Sq.Ft of Office Space demand in 2014, which is second only to Tokyo, Japan.
4. In terms of vacancy too, the Bangalore office market continues to lead, with the lowest vacancy level of 11%, compared to 19-22% reported in the other cities
Giving you an example, Investment bank Goldman Sachs has broken ground on its brand new campus in Bangalore, which can accommodate 9,000 people, making this its 2nd largest office after its headquarters in New York.
In many parts of Bangalore, even today, if you were to apply the simple metric of Price to rent ratio which is = Average list price / (Average Rent * 12), which is generally used to decide if one must buy or rent a property, you will note that in many parts of Bangalore, it makes sense for one to buy a property than rent it which is not true with Bombay or other big cities.
Yes there will be excesses in every bull market. That is the trademark of every bull market phase. The excesses usually show up in lean phases like we are in now and it generally corrects it by itself.
As always seen, the best investors have and will always come into the market when everyone else is away from the market.
–
Nakul Shetty
Sadashiv Nagar
M: 91 9008416412
Dear Nakul,
Some of your points are valid.
Big business houses invest in the hope of making a lot of money but all the investments do not turn out good.
Look at Purva Highlands and the recent relaunch of provident sunworth.
Today prices are beyond the reach of common people and hence the glut.
The big ones factor in the future price and try to sell.It is okay for investors but not for end users.They are buying from small builders whatever may be the quality.The big shots are struggling to sell because of greedy pricing.
For investment North is ok if you have holding power.For end use now the prices are a strict no,no.Buyers are there at an affordable price not hyped price.
Well said Nakul..North bangalore cant be compared with whitefiels in terms of office space but if we look overall this part has best connectivity in city in terms of road networks, proximity to airport, rapidly improving infrastrucutre and social elements like some best schools of bangalore and malls like Elements mall which is all set for inauguration in this month on thanisnadra road and under construction rmz galleria mall on yelahanka junction.
IT space is also quickly catching up. Manyata is already largest standalone sez in bangalore with more than 1 lakh IT force and planning to expand it to 1.5 with a new million sqft office space is under construction. Bhartiya city, hinduja, Karle sez, Rmz , Brigade Magnumm are some of the other IT parks and SEZ where work is going on in full swing and will be occupied in next 1-3 years of timespan. Some best of the luxurious townships are coming up on hebbal.
For all above reasons prices had a bull run in last few years in hebbal but now its moving slowly since last year because prices are not affordable for all but I believe it will again take momentum when all IT parks and townships will be ready. Meanwhile end users started showing interests in catchment areas of thanisandra and hennur where prices are not as high as compared to hebbal so increase in demand and price is significant here from last one year or so.
PS:This is my understanding which can differ from others but I dont want to bombard with some sales report analysis and get into argument because I also can google reports which I already did in one of my previous post.
What about water situation in North Bangalore? If one searches on google, situation doesn’t look good in some parts. One can’t rely on tanker water for everything from house construction to every day needs. Where will tankers get water if most of the areas get occupied? Price rise to also depend on how the water situation evolves. Prices may go up but they may go up higher in areas where there are less problems related to water etc. Have seen it happening in some other cities. Not sure why it would turn out to be different here? It is basic necessity.
Water is and will be an issue with Bangalore.
Its not just North Bangalore. Almost the whole city including Old Bangalore neighbourhoods are having water issues.
I live in Sadashiv Nagar which is one of the most elitist neighbourhoods in Blore. Sadashiv Nagar in itself has seen most of its Ground Water depleted. The only saving grace is the cauvery water supply since its a very old neighbourhood. .
Bangalore in early 1900’s depended on lakes for its water supply. But a majority of these lakes have been destroyed today and the one’s that are left are dieing a slow death.
Water is one issue Bangalore has to deal with in years to come. Though Rain Water Harvesting has been made mandatory, majority of the citizens haven’t implemented it adding to the woes.
You could just imagine the amount of water that could have been saved from the heavy rainfall last week had everyone in the city strictly followed Rain Water harvesting.
—
Nakul Shetty
@Nakul Shetty
Your posts are great source of information about North Bangalore. Thanks for putting them up here.
Going by your posts, looks like, this part of Bangalore is poised to grow much faster—and better—than rest of the areas.
>>>>>Apart from Manyata Tech Park, The Hinduja group is coming up with a large IT SEZ near the Yelahanka Air Force Base. Large IT firms are expected to sign up space in the SEZ.
Curious, would you know:
1) Keeping aside top 1% employees in a company, what would be the average salary of the employees’ who are already working in existing—or going to work in newly setup— IT parks (Manyata, Hinduja Park, Bhartiya city, Karle sez. etc)?
2) Does this data (of average salary of 99% employees in this area) has any relevance to the returns that investors can expect out of their investments in North Bangalore.
(I am assuming, top 1% will anyway give regular apartments a miss and would rather go for villas worth 3Cr+)
Your inputs will be valuable.
There is nothing around. I visited the place 7 yrs ago and I visited last week, it is same. It is just a hype. The nearby properties (in Telecom layout and many other layout) are sold at dirt cheap price (ranging 700-1200), so expecting any appreciation on the price above 1800 would be foolish.
Amit, Can you help me get a plot in Telecom layout?
Contact me at .
I can help you out. I am not a broker or agent.
If interested drop me a mail.
Hello JPT. Tried emailing you. Got a message that your email ID is invalid. Please give me your correct Email ID. You can call me at 72047 92923.
>>>> There is nothing around.
How can that be true. Isn’t “Le Lexuz Stoneview” supposed to be the next Koramangala and Indiranagar? At least, that’s what their ads say, urging people to RELOCATE as soon as possible.
Or is it that Le Lexuz Stoneview is Koramangala of 1970s?
http://content.magicbricks.com/industry-news/industry-buzz/delhi-ncr-industry-buzz/real-estate-regulation-bill-to-enhance-credibility-naidu/76103.html?fromsite=toi
Price for plot..?
google group for stone view buyers:
http://groups.google.com/d/forum/hebron-le-lexuz-stoneview
As far as I know there are no apartments planned in this project..only villas and plots..
SJ, Anybody has visited the site? If any body is interested we can further negotiate on group discount.
Harsha, Any reviews on this builder regarding the reliability/construction quality of this builder?
Any reviews on the builder and what are the expected returns for this project?
Hi,
Has anyone seen the locaiton and When can this location be in livable condition?
-Ajay
Is it worth investing in this place for a villa plot ?
If you have the patience for 5-8 yrs down the lane , yes it is worth.
As of now nothing much is happening around. Only hype created.
Lots of future growth is planned in and around north bangalore.
Century Sports Village is attached to NH7 which is almost similar price – 3100.. I am going with group buying option.. My view was that any plot or flat attached to NH7 will sppreciate higher compared to inside areas…
Darshan: What is the rate with group buying option. Thanks
2999
Darshan,
Can I have your contact number as wanted to discuss about this project.
else mail me your number at ssbreddy at yahoo dot com
I have already booked a plot. I have paid 50 % of the cost after getting the papers checked from a lawyer. I have opened a page on Facebook titled ‘Le Lexuz Stoneview’. In case you want any further comments from me, Check the page and ask for my comments on that page.
Harsha,
The pre-launch price mentioned is for Villa plots, right?
Yes
Price for villas ?
I guess ~ 1 cr
I am planning to buy a villa in Lexuz Stoneview. what do you suggest?
I guess it is good if you yourself are planning to stay in next 2 years but note that right now residential and commercial development is minimal in surrounding area. It would be tough to get tenants..Constructing your own house is not an easy task as well so if you are planning to stay villa could be a better choice.
Koramangala or Indiaranagar in 20 years
Newyork city 🙂
Wait for this project – next ad…
Next Singapore in 2-3 years…neighbouring projects will be Malaysia, Hongkong, Thailand..
I have already booked a plot. I have paid 50 % of the cost after getting the papers checked from a lawyer. I have opened a page on Facebook titled ‘Le Lexuz Stoneview’. In case you want any further comments from me, Check the page and ask for my comments on that page.