Summarising India Real Estate Act 2016

RERA in a Nutshell

The Real Estate (Regulations and Development) Act, popularly referred as the RERA Act, which came into force across the country in May (2016) this year, is said to bring about a sense of clarity and order to the Indian Real Estate sector. While some agree that such an Act will play a pivotal role in creating a positive, transparent atmosphere around the real estate transactions, others have expressed concerns over the likely increase in cost of capital and compliance. The Act has defined a set of stringent norms for the real estate developer, the intermediary as well as the consumer, to encourage healthy and just relationships between the parties involved; it brings both residential as well as commercial projects under the same umbrella, thereby simplifying the process for mixed -use developments. The Bill was drafted in the year 2013 and has undergone a series of changes since then. The Amendments to the Bill were approved in April 2015. After much delay the Bill was passed by the Rajya Sabha and Lok Sabha on 10th March 2016 and 15th March 2016 respectively. It received the Presidential nod on March 25th, 2016. Listed below are the highlights of the Real Estate Act.

  • The Act mandates the establishment of State Regulatory Authorities (RERA – Real Estate Regulatory Authority), which will serve as the government bodies to be approached by the stakeholders for queries, lodging complaints and also furthering a transaction. The real estate developers are required to register themselves with their respective state authorities by furnishing the required details of the company as well as the projects.The advertisement or prospectus issued or published by the developer shall mention prominently the website address of the Authority, wherein all details of the registered project have been entered and include the registration number obtained from the Authority.
  • Projects which are developed on a land area of more than 500 sq meter or which have more than 8 units with all phases combined will come under the radar of the RERA.
  • A real estate developer is required to set aside 70% of the funds received for a particular project, in a dedicated escrow (bank) account, whose details will be made available to the State regulatory authority. This will ensure that the timeline of a project is well monitored and chances of delay will be minimised.
  • Defining the carpet area instead of the ambiguous super built up area is mandatory; this will give an account of the actual usable area and will not include common areas.
  • If the real estate developer violates the registration procedures prescribed by the Act, he will be required to pay up to 10% of the total estimated cost of the project in question. If found continuing the offence, the real estate developer will be punishable either with imprisonment (up to 3 years) or a fine which may extend up to a further 10% of the above project cost.
  • The Act makes it tougher for the intermediaries to conduct business in an unprofessional manner and in a way prompts them to adopt ethical means of dealing with consumers. An intermediary is required to be registered with the RERA and possess a valid registration number before facilitating a sale or purchase of a project or acting on behalf of any real estate developer for the same. He is also required to maintain and preserve books of account, records and documents as prescribed by the Act. He shall also facilitate the possession of all information to the consumer, at the time of booking and provide any other assistance as prescribed.
  • Amount of sales concluded, progress of projects, receipt of pending approvals and other such declarations which are key to project delivery and other information is to be shared with the consumers from the date of the enactment of the act.
  • The consumers can claim possession of the unit and the association of consumers can collectively claim possession of the common areas as declared by the real estate developer. If the real estate developer fails to meet the timeline or does not deliver what was promised, the consumer has a right to claim refund of amount paid along with prescribed interest and compensation for the same.

With the points above and much more in store for the parties involved in a real estate transaction, the Real Estate Act or the RERA Act is all set to organise one of the most disorganised sectors of India. Will this solve the inherent issues? Only time will tell.

This is just a short snippet of the some of the most important features of the Act

Refer the Real Estate Act

 

East Bangalore – An Economic and Residential Hub

Seetarampalya lake, restored and maintained by the Brigade Group

The city of Bangalore, once solely known for its cosmopolitan appeal and alluring weather, through various IT and other industrial establishments, has emerged as a major contributor to the Indian Economy in the past few decades. The city is aptly named the Silicon Valley of India due to the concentration  of Information Technology Industries, Automobile Industries as well as the Research & Development in Electronics Industries. The Eastern and Western parts of the city in particular, are home to a majority of these Industrial establishments and, hence, have witnessed massive development in terms of civic infrastructure and residential projects, to cater to the needs of people employed at these zones. With all the major real estate developers of the city and the customers alike, eyeing East Bangalore as their preferred choice for housing projects, we took to analysing its potential as a residential neighborhood.

Office spaces in the EPIP Zone
Office spaces in the EPIP Zone
Office spaces in the EPIP Zone
Office spaces in the EPIP Zone

East Bangalore comprises of a variety of localities ranging from plush suburbs such as Indiranagar, CV Raman Nagar, Domlur, HRBR Layout, and many more to developing areas such as Whitefield, Brookfield, Marathahalli, Kadugodi, KR Puram, Mahadevapura, Hoodi to name a few. All these places are well connected to each other as well as the Central Business District via a wide network of roads and Metro services. The localities surrounding the Old Madras Road such as Kannamangala and Budigere cross road are also fast developing , since they are geographically placed in close proximity to the automobile hub at Hoskote, the IT hub and EPIP Zone at Whitefield, Bagmane Tech Park in CV Raman Nagar, Bagmane World Technology Centre on the Outer Ring Road, and also the renowned Research and Development hub at Beary’s Global Triangle.

Beary's Global Research Triangle
Beary’s Global Research Triangle
Tech Parks on the Outer Ring Road
Tech Parks on the Outer Ring Road

The Whitefield Export Promotion Park Industrial Association (WEPPIA) is actively involved in development of internal roads, drainage systems and pavements of the EPIP zone and played a pivotal role in releasing funds close to a 100 crore rupees for the same. IT giants such as L&T Infotech, Qualcomm, Mindtree, TCS, SAP Labs and many more companies have their offices located here. On the other hand, Hoskote has emerged as an automobile hub and houses various industries involved in manufacturing of auto spare parts; a few names include Autoliv, Volvo India Pvt Ltd, and so on.

Sankara Eye Hospital
Sankara Eye Hospital
Columbia Asia Hospital
Columbia Asia Hospital

An alternate, toll free access road to the Kempegowda International Airport via the Budigere Cross road will further cut down the travel time of frequent fliers of East Bangalore. A vast majority of job seekers who migrate to the city, prefer to settle down in these areas, owing to the proximity to workplaces; as a result, various apartment complexes, township projects, housing societies and mixed use development projects by real estate giants, are mushrooming all over, to accommodate them and address their everyday needs. Whitefield, which is home to the oldest IT hub of the city, ITPB and also the EPIP initiative is most preferred location to invest  in a home, as of today. Apart from a harbouring the headquarters of many MNCs, Whitefield is also known for its set of shopping malls like Forum Value mall, Soul Space Arena, Phoenix Market City mall, VR Mall, to name a few. A bouquet of schools and educational institutions such as Vibgyor High School, Delhi Public School, National Public School and so on have their branches here. Reputed hospitals such as Columbia Asia, Vydehi Hospital, Fortis Hospital and others have a presence in Whitefield. The proposed Metro stations at Whitefield and Old Madras Road will further increase connectivity to this part of the city. Bangalore is known for its vibrant nightlife and pub culture and East Bangalore is a major contributor in this aspect as well. Swanky cafes and clubs in Indiranagar,micro breweries such as Windmills Craftworks in Whitefield, Toit and Vapour in Indiranagar, Big Pitcher and Murphy’s in Domlur and many upbeat restaurants, have spoilt Bangaloreans for choice.

Due to the above developments, East Bangalore has emerged as a self sustained, modern-day neighborhood and the presence of a plethora of employment options has rendered this part of town, a melting pot of cultures. Talking further about connectivity, East Bangalore enjoys an efficient network of BMTC buses providing connectivity to every nook and corner of the city. Three major railway stations of Bangalore namely the Cantonment Railway station, KR Puram Railway Station and Whitefield Railway station are a part of East Bangalore which enables a traffic free intercity access. Further, a network of National Highways passing through this part of the city provides connectivity to neighboring cities of Chennai, Pune, and Mumbai. Amidst all the fast track development taking place in East Bangalore, sincere efforts have been put in by both real estate developers and the residents, to preserve and enrich the lush green cover in and around these suburbs. While areas such as Indiranagar, HAL, Domlur and CV Raman Nagar have an abundant share of dense tree growth, the upcoming areas of Whitefield have green spaces like Inner Circle Park and  parks developed and maintained BBMP. To sum up, living in East Bangalore is the closest one can get to experiencing the rapidly evolving city of Bangalore, by dwelling in the midst of a fusion of cultures and varied tastes.   

Read more about Brigade Group, one of the most prominent developers in East Bangalore, on our website.

  1. Will East Bangalore have a metro-line?
    Yes, Namma Metro is expected have a line running from Byipannahalli to Whitefield, connecting important places like Sarjapur on the way.
  2. What places in East Bangalore are expected to appreciate the most in the next few years?
    C.V Ramann Nagar, Marathahalli, Sarjapur and Brookefield
  3. How is the social infrastructure of East Bangalore?
    Presence of MNCs and ITs has led to residential development, which in turn has led to good social infrastructure as well. Sarjapur Road is known to have good schools, while Whitefield has popular restaurants and malls.
  4. What is the average cost of a home in East Bangalore?
    Although rates depend on the project, average prices as of October 2016 go upwards of Rs 3,000 per sq. ft
  5. What must one expect as a problem in East Bangalore?
    Water-shortage, to an extent is expected in North Bangalore. Projects have, however, focused on rain-water harvesting with this in mind.

Brigade Buena Vista, Near Budigere Cross –  A Potential Investment

Brigade Buena Vista

Brigade Buena Vista is a product of the Brigade Group, the esteemed real estate developer of Bangalore has a penchant for selecting growth corridors ahead of competition. End users and investors in Brigade Group properties have benefited from being stakeholders in residential and commercial properties by the firm. Brigade, now a listed company, ventured into East Bangalore in a big way with presence in prime zones of Whitefield and also has created a footprint in and around the Old Madras Road, again not far from Whitefield and EPIP tech campuses. Brigade Exotica, Brigade Golden Triangle and now the latest Brigade Buena Vista all near the Budigere Cross offer a bouquet of home units,to a wider audience. We look at Brigade Buena Vista which is a ‘budget segment’ offering by the firm.

The sales office of Brigade Buena Vista, Bangalore
The sales office of Brigade Buena Vista

With the real estate sector becoming more and more customer centric, the present-day home buyer/investor has a mixed bag of options to choose from, all of which appear to be equally appealing; while some might say that this is a good thing, it can be an overwhelming experience when it comes to making the right choice. An ideal investment would be in an upcoming property with good connectivity to the city and neighboring areas, which has an existing or proposed social infrastructure in place, which is preferably located close to an already established or proposed industrial hub. And last but not the least, a place where one can picture a comfortable life. Situated in close proximity to the Automobile Hub in Hoskote, IT Hub and the EPIP Zone of Whitefield, is Buena Vista. Here we list down some of the reasons one can strengthen the case for owning a Buena Vista apartment.

The serene approach road from Budigere cross, Brigade Buena Vista
The serene approach road from Budigere cross
The serene approach road from Budigere cross, Brigade Buena Vista
The serene approach road from Budigere cross

Project Specifications

Buena Vista is spread over 10 acres of land with dense tree growth. The project was pre-launched in April 2016 and offers 1BHK, 2BHK and 3BHK homes, priced at Rs. 4,040/sqft with a floor rise of Rs. 20/sqft, as told to us by the sales executive on during our visit last month. There are 700 plus apartments spread across 4 towers (A,B,C and D) with G+22 structure each. As of now, only the D block, consisting of 2BHK and 3BHK apartments, is open for bookings and the firm has closed a good number of sales. The area range for homes is roughly between 650 sqft – 1,800 sqft. A typical 2BHK here would cost around Rs. 50 lakhs and a 3BHK around Rs.62 lakhs. This gated community will include a host of amenities ranging from swimming pool, jogging track, well equipped gymnasium, party lawn, outdoor courts for Tennis, Basketball, indoor game courts and lot more. The project is expected to be complete and ready for handover, by the year 2019.

Project site of Brigade Buena Vista, Brigade Buena Vista
Project site of Brigade Buena Vista
Project site of Brigade Buena Vista, Brigade Buena Vista
Project site of Brigade Buena Vista

Why Brigade Buena Vista?

From an investor’s point of view, there can be three main criteria for this property to feature on his list

  • Compact units -Brigade Buena Vista has options of relatively smaller unit sizes, which are easy to sell/rent as compared to larger units. As the trend goes, the smaller units appreciate faster, owing to the fact that they will appeal to a larger audience. Especially in the current market where real estate demand is remaining weak both end users and investors have been on a lookout for small ticket investments; that, coming from a leading player such as Brigade Group adds to the comfort.
  • Aggressive Pricing – The pre-launch price of Buena Vista is Rs.4,040/sqft which is highly competitive when one looks at properties in prime areas of Whitefield where property rates are Rs. 6,000/ sq ft onwards, and most of the supply is of larger unit sizes; even the other Brigade properties along the Old Madras Road are priced much higher. Although, one were to consider that offerings are dissimilar and have different target audience, there is likely room for a budget project such as this to appreciate in line with its peers. As a forethought, this distance might become irrelevant after a few years and the investment could render impressive gains.
  • Location Benefits:The most striking aspect of Buena Vista is its location. The Budigere road is a proposed alternate route to the Kempegowda International Airport, which means that the residents need not worry about having to go round about and face the traffic laden roads of the city. One can reach the airport from there in 37 kms and the drive is much smoother. The easy access to the Old Madras Road ensures connectivity to other parts of the city like CV Raman Nagar, Indiranagar, Whitefield, Hoskote and more. The project is surrounded by various industrial establishments scattered in Whitefield(12 kms) ie the IT industries and the EPIP Zone, Beary’s Global Research Centre in Kannamangala(5 kms), a proposed world market on Old Madras Road, a proposed Research and Development Centre in Jadiganahalli and others. Further KIADB has acquired land for AERO SEZ towards the airport and that can be easily driven to from Buena Vista site. Wipro is already operating a facility there. Right in front of the plot there is a plant of Grindwell Norton too.

Getting around in Brigade Buena Vista

The city railway station is located at a distance of 25kms, MG road is 20kms and the nearest metro station is Byappanahalli (15 kms). Once the metro line is extended to Kadugodi the connectivity to this MRTS mode will be even closer. The neighborhood is already well equipped easily accessible schools, hospitals and retail centres. VIBGYOR School, New Baldwin International School and many other recognised educational institutes are in close proximity to Brigade Buena Vista; also, Delhi Public School has plans of setting up a branch near Budigere cross. Some of the renowned hospitals in the vicinity are Chaya Super Speciality Hospital, Deepa Hospital and Sri Sai Eye Hospital. Moreover this whole region along the Kannamangala/ State Highway 35, Old Madras Road and Budigere has just started to look up as residential alternative in Bangalore.

Whitefield itself is showing increasing traction by tech majors and start ups which continue to foster demand for residential product in the market;not everyone can afford properties near this tech business district of Bangalore. Therefore, Buena Vista at Budigere Cross seems a viable option, as it isn’t too far from where the economic action is only gaining momentum.

In conclusion

Brigade Group, one of South India’s leading real estate developers has consistently foreseen the needs of its customers and built projects around them. With Brigade Buena Vista, the firm seems to have targeted the long term investors and also address a wider set of end users. In line with Brigade Buena Vista, they have already delivered a bunch of residential units of similar budget category towards the southern part of Bangalore and one of them is Brigade Meadows, Kanakapura Road.

Read from the developer portal

Purva Coronation Square – An Address for Luxury

Purva Coronation Square

Why Purva Coronation Square?

‘Luxurious lifestyle homes in the most loved residential hub of South Bangalore’ is how one can sum up the project Coronation Square by Puravankara Group. With over 4 decades of experience in delivering quality residential and commercial projects, the Puravankara Group has made an attempt to cater to the uber rich with this project. Set in 1.75 acres of land in JP Nagar 7th phase, just off the Puttenahalli road, this project is targeted at niche consumers, who are looking for ultra luxury villas and apartments in the already established suburb of Bangalore; as a native Bangalorean myself, I would say that this product is most likely to  appeal to people who have experienced living in some of the oldest residential establishments of the city like Jayanagar, JP nagar, BTM layout, Malleshwaram and many others.

Project Overview: Prices & Unit Sizes

We approached one of the on-site relationship managers of Puravankara for the project details and learnt that the Purva Coronation Square apartments are in soft launch stage as of now; the masterplan consists of 8 villas and 40 boutique apartments for customers to choose from. The 3BHK and 4BHK apartments are coming up in a G+4 structure; the area of a 3BHK ranges from 2,000 sqft – 2750 sqft and for a 4BHK, 2,500sqft – 3,200sqft. A major attraction of this project is that it is now registered under RERA, with the registration no. for the project being PR/KN/170729/000235.

The price range for these units range from Rs.6,800/sqft – Rs.7,400/sqft. Puravankara is following an IPO like process whereby consumers can bid for Purva Coronation Square apartments in this price band and the final price will be decided based on the demand. One can witness a healthy activity at the project site with marketing office firmly established and construction of villa structures being carried out in full swing. The completion date for this project has been set at 30th September 2019.

Connectivity & Social Infrastructure

The area surrounding the project site is replete with basic infrastructure and amenities. A variety of health care facilities are located within a 2km radius of the project site like The Apollo Clinic, Ashraya Hospital, Vikram Orthopaedic Centre, JP Nagar Physiotherapy clinic, to name a few. The beauty of South Bangalore is that, to some extent, it retains the tradition of local general stores, famous eateries, old shopping complexes  and single screen theatres as against the ‘mall’ culture, which seems to have a firm grip over the rest of the city. Therefore, one can opt for places like The Royal Supermarket (1.2 km), Spencer’s supermarket (1.0km) , B.R.K Complex(2.2 kms). Aditya Complex (1.3 km) for their shopping needs.

The upcoming Puttenahalli metro station is a mere 2.7km from the project site and will offer residents an excellent means of travel to the city center. Further, the Puttenahalli Road (0.3km) offers connectivity to the Outer Ring Road which in turn connects to the Bannerghatta Road and Kanakapura Road and will enable the residents to access various commercial hubs (eg. Electronic City),  as well as residential areas(eg. Jayanagar) of the city. Reputed schools, pre-schools and daycare centres are aplenty in the vicinity of Coronation Square; MES School, Green Valley English School, Creative Kidz, Euro Kids International are a few schools which fall within a 3km radius of the project site.

The location is well suited for an overall development of a child, since it has various sports academies and training centres in close proximity; JP Nagar Cricket Academy, SAFI Academy of Tennis (1.4km), Appayya Basketball Academy, Top Spin Tennis Academy (next door) are a few of the abundant sports centres in this area.  Apart from this, the project site is surrounded by many parks and lakes like the Puttenahalli lake and Sarakki Lake, which will add to the green quotient.

View of the Purva Coronation Square project site, jp nagar
View of the Purva Coronation Square project site

Inside the project site: Amenities & Specifications

After assessing the neighbourhood, it was time to look deeper into the project specifications and find out what it has to offer. The thought behind Purva Coronation Square is to eliminate a resident’s need to step out of its gates, to experience a complete living. Therefore, the following unique arrangements have been made

  • The project has a clubhouse of its own with state of the art facilities such as a well equipped gymnasium, billiards room, table tennis room, multi purpose hall, swimming pool amongst others.
  • A well lit landscaped garden and an outdoor children’s play area are also included in the plan to give the project a wholesome feel.
  • The project is a low density one and therefore, the undivided land share (UDS) for buyers will be higher. We have found in our different discussions in the city that a higher UDS is definitely something Bangaloreans favour.
  • Sports facilities and training academies for Tennis, Basketball, Martial arts, Skating and many more are within walking distance of this project and ones in love of this racquet sport can easily access these facilities from Coronation Square.

Conclusion

Puravankara is a name associated with all segments of residential developments across western and southern India, especially Bangalore. The limited stock that they have to offer at Purva Coronation Square might see a healthy demand from those select few who still prefer proximity to places they grew up in South-Central Bangalore.

Read more from Developer portal

REFER OUR DISCLAIMER.

Purva Palm Beach – Location, Specifications, Pricing, and Other Quick Facts

Purva Palm Beach

 

 

Today’s real estate market is ruled by competition. Real estate developers are constantly exploring new means to ‘stand out’ in the property business, primarily to secure a reputation and build long lasting relationships with their customers. The Puravankara Group has attempted a creative twist in their latest Bangalore-based project Purva Palm Beach, which is located just off Hennur Main Road.

The entire project is being built around the theme of a Tropical Beach Resort. It comes equipped with a central lagoon and an exclusive set of amenities which will appeal to beach lovers. The construction contract has been given to JMC Projects, who have over 3 decades of experience in engineering and construction projects. What’s more, this project has been registered under RERA, with its registration number as PR000091.

Approach road built and maintained by Puravankara Group
Approach road built and maintained by Puravankara Group
Purva Palm Beach Sales office
Purva Palm Beach Sales office

 

Updates as of November ’17 –

Purva Palm Beach, a project built on a Tropical Beach Resort theme is well on its way to the completion phase. The project’s possession handover will be by March 2019.The current sizes and prices for units offered in the project include:

Apartment Configuration Area (in sq. ft.) Price (in Rs. Lakhs)
2 BHK 1232 – 1341 94.32 – 122
3 BHK 1482 – 1791 115 – 161

Purva Palm Beach: Location

The project site is conveniently located just 1km off the Hennur-Baglur Main Road, which is a preferred alternate route to the Kempegowda International Airport.The most popular landmark here would be the BiOZEEN Park. The nearest mall is Elements Mall on the Thanisandra Main Road which is around 3kms away. A wide road has been constructed and maintained by the Puravankara Group, which connects the project site to the Horamavu-Agara Road. Furthermore, there are open fields, farm houses, and dense tree growth all round the project site which makes living here all the more appealing.

The Hennur-Baglur Main Road is well equipped with hospitals, schools, and other educational institutions. Various commercial centres and IT parks like the Manyata Tech Park are merely 4 km away from the Purva Palm Beach project site. In addition to this, the proposed Metro Phase 2A includes a station at Nagavara which is just 3 km from the project location. This will ensure hassle-free connectivity for the residents.

Purva Palm Beach: Prices & Specifications

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Purva Palm Beach is spread over a sprawling 19.35 acres of land, and is coming up in three phases. Phase I consists of 9 blocks which all have a G+19 structure. The 9 towers consist of 702 units of both 2 BHK and 3 BHK apartments. These apartments are being offered at a base price of Rs. 5,310 per sqft. The floor rise charges(Rs. 20 per sqft per floor), PLCs, Club House charges and taxes will be separate. The 2 BHK homes will have an area range of 1,232–1,346 sqft and 3 BHK 1,482–1,846 sqft. Accordingly, a 2 BHK here would cost around Rs. 84.3 lakh onwards and a 3 BHK around Rs. 1.12 Cr.

These home units are available in ultra premium, super premium, premium, and classic varieties depending on the type of views. For example, an ultra premium home will have a lagoon facing view, super premium will have a semi lagoon view, amenities facing homes will fall under the premium category and garden facing ones under classic. Every floor will have 4 apartments and every block will have 2 lifts.

Meanwhile Purva Waves, Phase II of the project, is coming up in 6 towers with 472 homes in all. In Phase I, around 620 out of the 702 units, have already been sold. While for Phase II, 50% of of the units have been booked. Phase III launch/pre-launch has not been planned as of yet. However, Phase I and Phase II homes will be ready for handover by 31st March 2019.

View of the Koi pond
View of the Koi pond
Fish in the Koi pond
Fish in the Koi pond

Purva Palm Beach: Payment options

Purva Palm Beach apartments are available through attractive finance schemes: 10-80-10 method, or the construction linked plan. For the former, Puravankara Group has tie-ups with ICICI and HDFC bank to carry out the sale. One can opt for nationalised banks as well. If one were to choose the construction linked plan, the developer offers a few percentage points of discounts in prices.

Purva Palm Beach: Amenities & Other Highlights

To begin with, the theme of Purva Palm Beach was what drew us to the project. It was absolutely enticing to see elaborate plans for materialising a full-fledged beach resort amidst the concrete jungle in Bangalore. A massive lagoon is planned to adorn the central area of the property, along with a wave pool, a snorkelling zone, a sunken bar, koi pond, barbeque deck, a beach volley ball court, and many such beach side attractions. This will make living here feel like a stay at a luxury resort.

Secondly, homes in Purva Palm Beach will have smart home automation systems. And finally, two club houses have been planned for the entire township. These will house a state of the art gymnasium, indoor sports court, community hall, aerobics centre and other facilities.

The Puravankara Group has a similar themed project, Purva Silversands in Pune, which is again making headlines in Pune’s property market. With yet another refreshing theme in their kitty, Puravankara Group with Purva Palm Beach is all set to lure consumers with a penchant for lavish, resort like lifestyle. Add to it the pristine locations and quality access road, one might find this project to be a good option, away from humdrum of the city.

 

 

 

Botanika, Gachibowli – Move Into The Only Luxury Apartments of West Hyderabad

Botanika, Gachibowli

As the popular adage goes, ‘A thing of beauty is joy forever!’, we have been following Botanika, a project by the Koncept Ambience & Sureka Group, very closely, for it has beautifully planned condominiums and sky villas to offer. And the wait for those who own or wish to own a property at Botanika is coming to an end as handover of completed units is underway as of June 2016. A sprawling community of elegantly designed homes which has a whopping 150 acres of Botanical Garden on one side and the IT glitz of Gachibowli on the other, are reasons enough to attract home buyers to Botanika. With Hyderabad witnessing record take up of commercial offices with – Amazon, Microsoft, Google, Deloitte, all expanding their base here the need for luxury housing remained unmet. Located on the Kondapur-Gachibowli road, the only premium project at this stage, is coming up in two phases, with phase I to be ready for complete handover in September 2016; the entire project is certified as a platinum rated apartment project by IGBC standards.

Botanika homes under construction
Botanika homes under construction
Botanika, Gachibowli
The driveway of Botanika

Exclusive living and privacy are the two aspects at the heart of every Botanika home, both inside and outside the walls. The 4BHK and 5BHK condominiums and  sky villas alike, do not have common walls, since the number of apartments per floor is limited to 3. Further, none of the homes look over the other, therefore residents can enjoy the perks of an independent home, while living in the security of a  gated community. Inside the home units, the placement of rooms with respect to each other, provides a very heightened sense of space. Botanika Phase I has 192 spacious, luxury homes with areas in the range of 3,960-9,300 sqft, set in 3 towers of G+22 structure each, which are an enviable addition to Hyderabad’s skyline. We could see the woodwork going on inside these homes when we last visited and we were able to witness some impressive craftsmanship here. Spacious sundecks to host house parties, impressive modular kitchen, marble and spacewood flooring, energy efficient VRV air conditioning systems are just a few of the features which come included in these homes. While in a casual conversation with the sales executive on site, we heard that over 40 homes are already handed over and a few families will be moving – in, in July.

The project includes an expansive 50,000 sqft clubhouse, with state of the art sporting and lifestyle facilities for its residents (read about all exclusive amenities). 

Woodwork going on inside a Botanika home
Woodwork going on inside a Botanika home
Woodwork going on inside a Botanika home
Woodwork going on inside a Botanika home
Woodwork going on inside a Botanika home
Woodwork going on inside a Botanika home

Probably the only project of its kind in the city , Botanika promises its residents the best of both worlds. After a busy day at office, which one can choose to walk to, coming home to a Botanika home, with a view of abundant greenery will be a blissful experience. The IT establishments around Botanika are located anywhere between 0.7kms to 4kms and same is the case with shopping malls, movie theatres, hospitals, schools and convenience centres. One can drive along the ORR to reach the Shamshabad Airport in about 30-40 minutes; so, my only thought was, what more could any home buyer possibly ask for?

With Botanika, the Koncept Ambience & Sureka Group have targeted a select set of customers, who appreciate the importance of living in a meticulously designed home. These homes have emerged as an answer to people seeking life close to nature, yet not compromising on the advantages of living in a bustling city suburb.

Read everything about the project progress and features