Skylark Ithaca – Overview
Ithaca is strategically located off KR Puram road within a driving distance of 4 kms from ITPL main gate,3 kms from Sai Baba Ashram,2.3 kms from KR Puram Old Madras Road,12.5 kms from MG road & 5.5 kms from ORR with Ground+19 floors luxury apartments comprising 1 Bhk, 2 Bhk, 3bhk, and premium penthouses area ranging from 592 sqft – 3030 sqft. Blessed with lush environs and a host of amenities, every apartment and penthouse is a perfect blend of luxury and quality.
Skylark Ithaca – Project Configuration
- Land Area : 20 acres approx
- No. of Floors : G +19
- No. of Apartments : 2600 approx
- Configuration : 1, 2,2.5, 3 BHK & Penthouses
- Unit Sizes : 605 sqft – 1610 sqft
- Sanctioning Authority : BDA
- 1 Bhk – 431 Units – 605 Sq.ft to 624 Sq.ft
- 2 Bhk – 747 Units – 1011 Sq.ft to 1059 Sq.ft
- 2.5 BHK – 1286 Sq.ft
- 3 Bhk – 142 Units – 1484 Sq.ft to 1610 Sq.ft
Skylark Ithaca – Approval Status
- All statuary Approvals Obtained
Skylark Ithaca – Expected Possession
- 2016 Onwards
Skylark Ithaca – Location Map
Hebbal in north Bangalore and K R Puram in the east have emerged as the top residential destinations to invest in.
In an investment advisory and research report put out by global real estate consultants Knight Frank, in the five year period between 2013 and 2017, Hebbal and K R Puram are expected to see an average price appreciation of 94% and 91% respectively. These two destinations are on Knight Frank’s list of top ten Indian destinations to invest in.
Ram Chandnani, deputy MD for South India in CBRE, another global real estate consultancy firm, said that Sarjapur-Outer Ring Road and Whitefield areas are also promising, and would see a price appreciation of over 70% in the next five years.
The Knight Frank report studied various micro markets across the country based on parameters such as employment , physical infrastructure , connectivity to important locations, access to social infrastructure, planned development, proximity to premium office spaces and land availability. Price appreciation in micromarkets was calculated based on future office space demand and absorption levels.
The report states that demand for office space in Bangalore in the next five years would be 44.4 million sqft, driven by the IT/ITeS, biotech, and aerospace sectors. Of that, 60% would be in the North and East corridors of the city, close to Hebbal and K R Puram.
In Hebbal, the stock of residential apartment units in 2007 was just 300, which in 2012 has risen to about 1,800. That’s a growth of 500% in five years. Similarly, K R Puram has seen a 200% growth in inventory of apartment units, from 2,000 in 2007 to 6,000 as of September 2012.
“These two markets are sun-rise areas due to various reasons, the most important being connectivity to arterial roads and proximity to business clusters,” said Prashanth Sambargi, partner at property brokerage firm Mars Realty. Knight Frank says that by 2017, the average price realization in Hebbal would touch Rs 8,230 per sqft, but would still be 11% less than the price realization seen in the nearby RMV/Sanjay Nagar . The average price realization at K R Puram is estimated to touch Rs 6,200 per sqft; Whitefield, which is a nearby micro-market , would command a higher price of Rs 7,370 per sqft.
Chandani of CBRE said demand for residential units in Sarjapur-Outer Ring Road and Whitefield have been robust in the last five years, reporting a price appreciation of 100% and 70% respectively .” The residential climate in both these micro markets has been spurred on by the continuing development of business parks and IT SEZ zones.
However, Sambargi of Mars Realty said Bangalore was like a balloon growing in all directions. “Today one part of the city may look up, tomorrow it’s another part. Hence it is hard to predict the future as the real estate landscape is ever changing,” he said.
Skylark Ithaca – Master Plan
Skylark Ithaca – Floor Plans
Skylark Ithaca – Features
- Entrance Gateway
- Feature Wall
- Arrival Court with Water Feature
- Water Bodies
- Tree Court
- Festival Lawn
- Stepped Seating
- Volley Ball Court
- Practice Cricket
- Multipurpose Court
- Tennis Court
- Basketball Court
- Pet Zone
- Children’s Play Court
- Fitness Court
- Drop – off Court
- Swimming Pool 50X25 m
- Paved Deck
- Social Court
- Green with Jogging Track
- Cycling Trail
- BBQ Pit
Skylark Ithaca – Price Details
- Click Here to Download —-> Skylark Ithaca Price List_4033 sft
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Since its establishment in 1992, Skylark has built a rock solid reputation founded on trust, and over the years it has earned trust in plenty from customers, associates and vendors. Trust built brick by brick in the past two decades.
Client satisfaction is the vision and the mission of Skylark and the company strongly believes “Once a client always a client”. The company has always followed a policy of taking up development only on properties that have clear, litigation-free titles, with every aspect thoroughly vetted by its legal department. The department also ensures that every project has all required approvals from the urban development bodies. A dedicated team of professionals comprising architects, civil and structural engineers, landscape specialists, project managers, etc. then take up the responsibility of ensuring eco friendly spaces, optimization of resources and timely delivery every time. The result has been a reputation for quality that has spread far and wide through word of mouth and the recommendation of satisfied customers.
Skylark has over 15 million square feet of construction under its belt spanning residential and commercial development. Its recent projects have been breaking new ground in the creation of living spaces and this project is yet another expression of Skylark’s desire to reach new heights by offering its customers more.