My Bangalore Blog

Mantri Developers, one of the leading real estate developers in India, has appointed Bharat Dhuppar as the new Chief Marketing Officer. Dhuppar will be stationed at the Mantri Developers’ corporate office in Bangalore and will be responsible for marketing, brand visibility, sales and business growth.

Dhuppar holds a Bachelor Degree in Science from the Meerut University. He carries a wealth of experience having worked in the Sales and Marketing function for over two decades. Prior to joining Mantri Developers, Dhuppar was associated with other renowned hospitality and real estate brands and has successfully strengthened his marketing credentials.

Dhuppar began his career with Taj Group of Hotels and later on moved to Oberoi Hotels & Resorts. After his stint in the hospitality industry he moved on to the Real Estate sector. In the past he has worked with TCG Real Estate in strategic tie up with Vornado, US and was heading one of their joint ventures as a CMO. Later on he joined the Lodha group and worked there for more than two years as Senior Vice President Sales.

Bharat Dhuppar as the new CMO, Mantri Developers, said: “I am delighted and honored to be given the opportunity to head the Marketing function of Mantri Developers – one of the most noted names in the real estate industry. South India has always been an important turf for competitive real estate players and together with my team I will take all the necessary measures to  strengthen e Mantri Developer’s position in the south.”

Commenting on the new appointment, Sushil Mantri, CMD, Mantri Developers said, “Considering the competitive  market scenario, effective marketing is the key to success for any sector now. We are happy to have Bharat join us as he will help drive the transformation of Mantri Developers into a marketing driven company that truly reflects the needs of its customers. His experience shall give further impetus to our business.”
Source: India Info Line

Work on the monorail project for Bangalore is slated to begin in January and expected to be completed in three years thereafter, Chief Minister B S Yeddyurappa said in Bangalore on Tuesday.

Speaking in the Legislative Assembly during question hour, he said the detailed project report on the monorail would be ready by this month-end.

"Tender will be invited in September", he said responding to separate questions on the metro and monorail projects raised by Ramalinga Reddy and K J George (both Congress).

Yeddyurappa also said a sum of Rs 2,700 crore has been spent on the Rs 11,609 crore first phase (42.3 km) Bangalore metro project so far, adding that the Baiyappanahalli-Cricket Stadium stretch of the project is slated to be thrown open for traffic in December this year.

As much as 25 per cent of the work on the first phase of the metro project has been completed. The Central Government has till May end this year sanctioned Rs 539 crore for the metro project,the first phase of which would be ready by 2013.
Source: Times of India

Right in Between CBD and New Airport-NH7

• 2,600 sq. ft. colonial "Gated Community" - Rs11,700,000 - Rs.4500/sq.ft Only

Yelahanka, Bangalore  -  A Prime 40x65 East Facing Plot in one of the upmarket Gated Community of North Bangalore,Right Next to Jakkur Airfield Near by Judicial Layout.(off NH7) This plot is located right next to Jakkur Airfield, just 100 meters from the Express 6 Lane Airport Road, just before entering Yelahanka if you are coming from Hebbal.About 4kms from Hebbal and 8kms from Mekhri Circle. And 20kms before BIAL.

The Layout is a 100% Developed Layout with already many houses built in this, and home to many esteemed individuals.In this Layout in addition to the standard features such as storm water drainages, under ground sewerage and water line connections to every site, innovative additional features such as provision for electrical, telephone and cable T.V. Connections are provided at every site in order to ensure a hassle free living in the layout without the botheration of haphazard road cutting.

The Expected price is Rs.117 Lacs(Rs.4500/sq.ft Only!)
Registration Fees and Brokerage 1% are payable Extra.

Call us Farooq-9343670806 or Ehsan-9341221447 for more details and site visit.
Pleas give us a Day's notice before planning a visit.

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A Lavishly Built Dream Bungalow-New

• 5,500 sq. ft., 5 bath, 5 bdrm bungalow "5500 Sq.ft Area" - Rs40,000,000 - Rs.4 Crores (40 Million Rupees)

Koramangala, Bangalore  -  For Sale- A Brand New Spacious Bungalow of 5500 sq.ft in the Heart of Koramangala in a very posh and serene location built on a East Facing BDA Plot, measuring 50x80.
The House is built as per today's Specifications with 100% Vaastu followed in its planing with Natural Light and Ventilation from all Four Sides.

On the Ground Floor:
The House has a front Lawn Space. with Entry to the Foyer, there is a Grand 25 Feet High! Formal Living Area, And 1 Bedroom with attach Bath Room, with walk-in Wardrobes.
There is also a common bathroom. There is a separate Dining *** Living and Family Hall along with Pooja Room, The kitchen opens to the Backyard Service Area, which is also accessible from outside and leads to Servant Quarter and 1 BHK Guest House.As this is a Brand New Bungalow there is still small work pending as you can see in the Actual Pictures above , it will be duly finished completely before handover, with your choice of Interior Paint Colors.

On First Floor:
There are 3 Large Bedrooms with Attach Bathrooms and built-in Wartdrobes, and a Balcony Facing outside as well as facing the Formal Living Room, above this there is Open Terrace.

The Expected Price is Rs.4 Crores + Registration +1% Brokerage.
Please call 9343670806 / 9341221447 for Inspection.

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Newly Built Flat at HSR Layout 2nd Sectr

• 1,050 sq. ft., 2 bath, 2 bdrm apartment "Deluxe Apartments" - Rs3,800,000 - Rs.38 Lacs Only

H.S.R. Layout, Bangalore  -  Newly Built 2 BHK Semi Furnished Flat for sale in HSR Layout 2nd Sector Walkable distance from HSR Club, this flat is located in a cozy complex of 30 Flats with all basic Amenities Including
Cauvery Water
Security
Lift
Generator Backup
Gym
Childrens Play Area
Multipurpose Areas

It also has Modular Kitchen and Wardrobes , lights Fans and Geysers as part of the deal.
The Flat's Main Door is North Facing and it is completely vaastu compliant.
The Flat has Separate Living and Dining Area, along with Separate Kitchen with Utility and 2 Spacious Bedrooms with 2 Balconies.

Please call me on 9341221447 / 9844425044 for more details and site visit
The Expected Price is Rs.38 Lacs

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A Brand New Apartment in Old Bangalore!

• 1,540 sq. ft., 3 bath, 3 bdrm apartment "Posh Location" - Rs8,162,000 - Rs.5300/sq.ft Only!

Basavanagudi, Bangalore  -  "Deluxe Homes" is located in one of the Energetic epicenter of Bangalore(Basavanagudi).This Land mark comprises of only 6 units of spacious & airy 3 bedroom apartments. Orienting on the heart of Bangalore city with institutions , hospitals, shopping malls, market all in its nervous system within a vicinity of just 1-3 kms. The Complex comprises of stilt floor for parking +3 floors , each floor consists of 2 apartment blocks.

The Apartment Sizes and Prices are As Follows
Unit #1- 1540 Sq.ft = Rs.81 Lacs (Available on 1st,2nd,3rd Floor)
Unit #2- 1560 Sq.ft = Rs.82 Lacs (Available on 1st,2nd,3rd Floor)
Fully Furnished & Semi Furnished Options are Available.
The Prices Mentioned are Basic Costs

For More Details and Site-visit Contact:
Call: +91-9343670806 / +91-9341221447
Email: info@bangalorecityhome.in

Key Features:
-Flooring: Living, Dining & Kitchen Area will be 19mm Marble. All bedrooms will be vitrified tiles of standard size. All common Areas, incl. Stairs, corridor with Granite.
-Doors: All Door with Teak Wood frame & Solid Teak panel shutter, with Brass hardware.
-Windows: Burma teak wood French design windows with M.S Grills.
-Covered car park for all apartments.
-Power Backup for all common amenities.
-Centrally Located Manual Lift.
-Cauvery Water Supply+Bore well .
-Security Guard on Duty.

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Earn Rs.45,000/month Rent Immediately

• 3,500 sq. ft., 8 bath, 8 bdrm 4-level split "8 Houses" - Rs8,900,000 - Rs.89 Lacs-Get 6% ROI

S.g Palya , Koramangala  -  A Brand New Residential Building up for sale Behind Christ University in Bharathi Layout, SG Palya, having 7 Houses of 2 BHK one House and 1 BHK Six Houses. With a Rental Income of Rs.45,000/month.

All the houses are already leased to Tenants.

Each House has Granite Flooring with Good Quality Interiors and Fittings.

The Property is having 100% Clear Titles and eligible to get loan from any Leading Bank.

The Expected Price is Rs.89 Lacs +Registration+1% Service Charges

This is a very safe and good Investment Proposal as it offers 6% Return on Investment in a Residential Property per annum.

Please call us on 9341221447 or 9343670806 for more details and Inspection

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Mysore Road, Bangalore  -  Announcing a price reduction on Magnolia Gardens- 3300 Sq.ft Prime Plot in an International Township Nr Wonderla-Eagleton, a 3,300 sq. ft. lot / land. Now Rs4,946,700 - Rs.1499/Sq.ft Only!!.

For Detailed information Click Here

A Luxurious Villa in Luxurious Community

• 3,372 sq. ft., 4 bath, 4 bdrm colonial "Villa Gated Community" - Rs12,100,000 - Rs.121 Lacs All Inclusive

Outer Ring Road, Koramangala  -  Super Luxury Rowhouse for sale in a well developed Gated Community of exclusive 60 Row Houses called "DSR Elite", off Outer Ring Road at Mahadevapuram, Near KR Puram, Bangalore.

4 BHK 3 Floors (Triplex), North Facing, North East Main Entrance, As Per Vaastu.

Super Built Area (SBA) 3372 Sqft Undivided Share Land Area (UDS) 2478 Sqft, Terrace Area 444 Sqft, 2 Car Park,

Ample Terrace & Balcony in the front and back sides, Servant Room, Providence for Pooja Room/Utility Room, Study Area, Private Garden.

Interior Specifications:

Italian Marble/Granite Flooring in the common living areas, Ceramic Tiles in Kitchen/Toilets, Toto Japan Toilet Fixings, Granite Counter Tops, Teakwood Doors, Brass Hardware Bolts and Locks,

Ample Power Backup with 3 Phase Power Supply

Amenities: Swimming Pool, Gym, Yoga Room, Steam Room, Clubhouse, Children Play Area, Ample Greenery & Gated Community with Video Security.

Landmarks Near By: Off ORR & Near to KR Puram Bridge/Tin Factory, Between Marthahalli and KR Puram Bridge, Whitefield – Mahadevapura Road White field Honda Showroom, Bimal Showroom, HP Corporate Office Mahadevapura in 3 blocks, Brigade Metropolis, KR Puram – Marthahalli Outer Ring Road:EMC Office in Bagmane Tech Park on ORR, MTB Kalyana mandapams on ORR, Grand Mall, Nagarjuna Maple Heights Apts,Akme Ballet, Ferns ICON, Purva Parkridge, More Mega Store.

The Expected Price is Rs.121 Lacs All inclusive + Brokerage

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Prime Semi Commercial Land in HSR Layout

• 12,000 sq. ft. lot / land "12000 Sq.ft" - Rs69,900,000 - Rs.5000-6000/sq.ft

H.S.R. Layout, Bangalore  -  Prime commercial *** residential site located in a posh locality of HSR Layout 7th Sector.
Size 100x120, East and West facing, having two main roads towards east and west, suitable for commercial office serviced apartments etc.
Expected price is between 5000-6000/sq.ft

Call 9343670806 for more details.

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The real estate industry, which has seen some demand revival in recent times with the easing of fund flows, may have to prepare for tough times, going ahead. The easing of rates from banks, private equity investors and capital market, and the possible hardening of policy rates, proposal for replacement of base rate with prime lending rate and less investor appetite for real estate IPOs in the capital market could together complicate matters.

Bangalore-based Puravankara Projects has now a debt burden of around Rs 800 crore with a debt to equity ratio of less than one. As the company has a sound order book, it gives it the leverage to raise more funds. Similarly, Brigade Developers has a debt burden of Rs 300-400 crore and its debt, equity ratio is at less than one level with good sale proceeds.

Sobha Developers, ano-ther Bangalore-based deve-loper, has a debt burden of around Rs 1,400 crore with a leverage of 1.4. The company, earlier, had a qualified institutional placement (QIP) issue of Rs 560 crore with sale of some of its land bank worth Rs 60-65 crore to repay a part of its debt.

India’s largest real estate developer, DLF is actively looking at a stake sale in some of its non-core business to repay part of its Rs 16,000 crore debt. Unitech Ltd, which has a debt burden of Rs 6,200 crore by December, 2009 with a debt to equity ratio of 1.6 is planning to repay some of its debt by sale of non-core business.

“The debt burden was a cause of concern at the time of recession which has definitely come down in recent time and also generous restructuring of loan book by banks during slowdown has given some breathing space to this sector,” Jay Mabani, partner, KPMG said.However, there is less investors’ appetite both in retail and institutional seg-ment for real estate IPOs and QIPs, he said.“There was a pent up demand, which had driven the sector in the last half of 2009. However, demands seem to be weak in first three mon-ths of 2010 due to the high prices of properties. As ample liquidity in the system is pushing up prices, RBI may take some measures to arrest this,” he added.He also said that PE investors were increasingly asking for a structured equity transaction with assured return to invest in real estate companies.“If there is bubble in the market, then fund raising will be an issue for the developers,” Mabani said.
Source:Business Standard , April 16th 2010

The now-on, now-off High Speed Rail Link (HSRL) project connecting the city to the Bengaluru International Airport (BIA) is finally gathering momentum.

The Bangalore Airport Rail Link Ltd (BARL), a special purpose vehicle created by the government to see its implementation, will kickstart the project with land acquisition this month. BARL is all set to zero in on one concessionaire among the five consortia — Reliance Infrastructure Ltd and CSR Nanjing Puzhen Rolling Stock Co Ltd, L&T Transco Limited, ITD-ITD Cem Joint Venture, Pioneer Infratech Pvt Ltd and Siemens Project Ventures, and Lanco Infratech Ltd and OHL Concessionaire — to award the contract this month to execute the Rs 5,700-crore project.

Armed with the go-ahead from CM B S Yeddyurappa, rapid developments are on the anvil. BARL is expected to ink the Request for Proposal (RFP) agreement immediately after the executor company is chosen. “We’re in the process of selecting a technically capable company. BARL has already sent a proposal to the industries department for land acquisition,’’ BARL managing director V Madhu told STOI.

Besides cutting down commuting time to less than half an hour, HSRL could transform the economic landscape of the Bangalore North region, especially Devanahalli, Yelahanka and the airport corridor. Every large city — be it Shanghai, Hong Kong, Kuala Lumpur or London — has such a direct, high-speed link which results in economic multipliers far outweighing the high initial cost of construction.
Source:Times of India

Realty firm Skyline Constructions on Thursday said it will develop six high—end residential apartments priced between Rs 14.5 and 22 crore in Bangalore.

“The cost of the apartments will range between Rs 14.5 crore and Rs 22 crore. The apartments will be available only for a select few who are to be handpicked and invited to buy,” Skyline Constructions’ Managing Director Mr Avinash Prabhu told PTI over th e phone.

Total investment in the project Villa Maria, including the cost of the land, will be around Rs 100 crore, he said.Mr Prabhu said Skyline would fund the project, located on half acre of land near Brigade Road, which would be met through internal accruals and buyers’ advances.“We may raise some debt as well,” he said.

Mr Prabhu said that the construction work on the project has already been commenced and it might take another two years to complete the entire project.Each apartment will vary in size ranging between 6,500 and 10,500 sq ft area and will be different from each other.However, each will have independent swimming pool, elevator and other amenities of luxury.

Stating that consultancy firm Knight Frank has been appointed as exclusive marketers for the project, he said it has prepared a list of 1,100 probable buyers and will send invitation to a chosen few after screening.Skyline Construction is in the housing development business, mainly in Bangalore, for the last 10 years and has developed projects on 25 lakh sq ft area.

It has 15 on—going projects —— 13 in Bangalore and two in Mangalore —— and plans to launch seven new projects in the current fiscal.

“We don’t have any plan to go for listing, as of now,” Mr Prabhu said. - PTI

It's yet another feather in Bangalore's cap. This will be the only city in the country where the Metro train will stop at a swanky commercial tower with a spacious parking basement for cars, close to a huge mall.

The Sampige Road station at Malleswaram will be the only station of the 33 elevated ones under Metro's phase I (to be completed by March 2013) to have such a plan. Passengers who get down at this station will have direct access to the tower and Mantri Mall on Sampige Road. With a 20-month deadline, this is also Bangalore Metro Rail Corporation's (BMRC) first project to be taken up under public-private partnership (PPP) in the city.

Chief minister B S Yeddyurappa who laid the foundation stone for the project on Thursday, said: "This is the first PPP project for Bangalore Metro. Such initiatives should help in completion of projects on time. This is most important for a city like Bangalore that's rapidly expanding."

Apart from the local MLA and MPs from Bangalore North and Central, newly elected corporators of Malleswaram attended the event.

THE PPP WAY :

BMRC has acquired 5 acres, 4 guntas of land for this station. This is from the total 24-acre land that belongs to Mantri Developers. As per the PPP arrangement, the land is being provided free of cost for constructing the station. The 80,000-sqft station at an estimated cost of Rs 30 crore will be constructed by Mantri Developers. This, as part of its project of an 8-lakh sqft commercial tower surrounding the station. The station will be designed by the BMRC and is expected to be complete within 20 months.

Compensation to the private partner is the right to use the space surrounding the station `with due regard to safety norms' for 99 years. During this period, the BMRC is also entitled to revenue share of 1% initially to 5% in the later stages.
Source:Times of India

Independent House for Independent People

• 1,200 sq. ft., 3 bath, 3 bdrm duplex "Brand New Semi Furnished" - Rs5,800,000 - Rs.58 Lacs Negotiable

H.S.R. Layout, Bangalore  -  Available an Independent Home for Those who always prefer living Independently in Bangalore rather then compromising for Apartments, where everything is shared, from your roof, floor to your walls.
We have some well planned and well located Independent Homes in prime Location of HSR Layout, these homes are built on BDA plots with G+1 Floors(& 2 floors in some), you have a separate Living, Dinging, Kitchen, Common Bath Room, Covered Car Park, and 3 Large Bedrooms with 3 Attach Bath Rooms.
Adding All these the house comes with complete Wardrobes, Modular Kitchen, TV Cabinets and High Quality Bath Room Fittings and Fixtures.
The Built Up Area is 1200 Sq.ft, and there is provision for extending this house upto 1700 Sq.ft adding 2 More Bedrooms with Attach Bath.

Approved by all Financial Institutions. Immediate Registration and Occupation.

Call +919341221447 for more details or mail your Queries at
info@bangalorecityhome.in
Flooring:
Marble , Granite and Vitrified.
Wardrobes and Kitchen Cabinets.
Pillar Construction with Columns and Beams.
Solid Bricks Used for Construction.
Pooja Room in some houses.

Price Break up:
Cost Rs.58 lacs
Registration about 5-6%
1% Brokerage

Property information