Binnamangala, Arashinakunta, Nelamangala-NH48

Proposal for Joint Development

1. Site Location: The land is located at Binnamangala, Arashinakunta, Nelamangala-NH48, adjacent to Vishwashanti Ashrama. You can view the exact location on Google Maps:

https://maps.app.goo.gl/AgT3wu3fM2JD5bNb6

2. Photos, Videos, and Site Map: For comprehensive visuals of the location, including photos, videos, and a site map, please visit the following link:

https://bit.ly/3OTFL6H

3. Area: The total land area is 87,120 sqft.

4. Travel Time: It is conveniently situated, being a mere 15 minutes travel time from Yeshwantpur Metro Circle.

5. Land Use Status: The site holds a mixed-use status, comprising both residential and commercial land use, as defined in accordance with the Comprehensive Development Plan (CDP) of the NDA. As per new zoning regulations FAR up to 4 is allowed which includes premium FAR for construction.

6. Jurisdiction: The property falls within the jurisdiction of Nelamangala Nagarapalike (corporation) and holds an "A" Katha.


7. Site Features: The property boasts a vacant expanse adorned with lush green trees. It is oriented towards the North and faces NH-48, with a 50 feet road on the West side and a 40 feet road on the South side, making it accessible from three sides.


8. Suitability: The property is well-suited for a variety of ventures including commercial, residential, educational institutions, multi-level car showrooms, and corporate warehouses.


9. Title of Property: The property possesses a crystal clear, marketable title deed. The ownership has been maintained for 35 years, making the current owner the second possessor.


10. Market Price Comparison: The finalized market price of properties within a half-kilometer radius from this land has been observed as follows:

A. A shell company acquired 10,000 sqft for their outlet at a rate of Rs. 10,000 per sqft within 1/2 km distance from this property

B. The sub-register guidelines value of this property @ Rs 4500/sft and Market value of the property ranges between Rs 8500-9000/ sft

11. Timeline: The construction period spans 24 months, commencing from the date of plan sanction as per the NDA.



12. Apartment Sale Price: Apartments will be offered for sale at a price of Rs. 8,000/sft during launching booking price


13. Advance and Deposits: An aggregate sum of 10 Crore shall be paid as an advance and deposits. This comprises a 5 Crore refundable deposit and a 5 Crore non-refundable amount.

14.Sharing ratio at 40:60(Owner and Builder)

15. Specifications & Amenities: The specifications and amenities shall be designed to meet the highest standards, ensuring that the flats can be sold at Rs. 8,000 per sqft launching booking price. Exceptional construction quality is paramount for the successful outcome of the project.