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Skylark Ithaca – Bangalore – Reviews, Location, Price, Offers, Feedback from Buyers, Group Booking and Much More

Skylark Ithaca

Skylark Ithaca

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

Surrounding Developments

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.

http://timesofindia.indiatimes.com/business/india-business/Hebbal-and-K-R-Puram-hottest-property-hubs/articleshow/17317498.cms

Skylark Ithaca – Master Plan

Skylark Ithaca

Skylark Ithaca

Skylark Ithaca – Floor Plans

Skylark Ithaca   Skylark Ithaca

Skylark Ithaca   Skylark Ithaca

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
  • Parking

Skylark Ithaca – Price Details

Plus Point

  • Location
  • Good For Investment
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Concern

  • Share Your Concerns ( Use Comment Box )

About Builder

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.

Skylark Ithaca – Public Poll


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Summary
Reviewer
Harish Achar
Review Date
Reviewed Item
Skylark Ithaca
Author Rating
4

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Harish Achar

Harish Achar is the Founder of Homz n Space. He's a Passionate Real Estate Professional - Core Domain - Bangalore Real Estate Market. Harish is a MBA from IFIM, Bangalore in Marketing & Operations. He has served industry's most Top-line companies like, DLF, Ajmera & Indian Express. A results oriented Real Estate leader with progressive experience in Strategic Planning, Business Development, Marketing and Partner Management. A seasoned professional with expertise in Real Estate and aesthetics elements of the Market. Exceptional communicator and presenter, equally comfortable with executives, stakeholders through end-users to include Customer meetings, Partner meetings & Connected Marketing. Google

275 Comments Added

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  1. 8 Jun 2013
    is the project and builder safe to invest on? never heard of the builder? Reply
  2. nk
    17 Jun 2013
    very nice and comprehensive detail about the project. Thank you very much Harish. Reply
  3. 18 Jun 2013
    Hi Harish, I am planning to book a flat in Skylark Ithaca but a bit concerned about the builder and the approvals now as it is just launched. heard the builder would start the construction in Dec 2013. Would like to know your comments upon it. Is it safe to invest? Reply
    • 20 Jun 2013
      Hi Haritha, Project is in Pre - Launch Stage. Besides, Skylark is a Reputed Builder and You can Blindly Bank on it.
    • 10 Apr 2014
      Hi Haritha, yes you can go ahead for booking and you don't have to concerned about the builder and the approvals...pre launched price was Rs. 3500 in august now it increased and reached to Rs 4033 within 7 months..
  4. 22 Jun 2013
    Its a good project, Skylark is a A grade builder and has done many projects of G+5 types. their first tower project is near hoodi junction Skylark esta. So Ithaca will be a good project. I have booked a house in both projects at pre launch and am pretty confident about the builder. Reply
  5. 23 Jun 2013
    Hi I am planning to book a flat in Skylark Ithaca but confused , is it a good investment flats are not ready its just a land ,, is there any1 who can provide guidence..pleaseeeeeeeee Reply
    • 1 Jul 2013
      Ruchi its best to buy when its softlaunch offer (when its just land) the prices just keep going up from there on.. if the approvals are not received then the owner usually returns entire amount (sometimes with interest) All the best ..
  6. 24 Jun 2013
    Hi Harish, I am planning to book a flat in Skylark Ithaca but they are providing two rates no-pre emi offer 3800 psft and normal rates are 3500 psft.Which option to go for as no-pre emi offers is only available with private banks.Would like to get your inputs as Im a newbie to this. Reply
    • 1 Jul 2013
      Hi Priyanka, Both options are equally good.If you have enough Cash flow to take care of Rent + EMI then you can buy at 3500 Sft. Besides, No - PRE EMI offer Benefits those who have Rent + EMI Burden. So basically, It depends individual to individual. I would have opted for the No PRE - EMI offers as 300 / Sft does not make much difference and enjoy the offer till possession.
  7. 25 Jun 2013
    Hi, when is the construction expected to start? Also, how do you rate the position and location of the project? Reply
  8. 26 Jun 2013
    Hi Harish,I am going for Skylark Ithaca project but little bit worry about its location as right now there is nothing and its very inside .Right now its look like forest area and there is no transport even in day time so harish what do u suggest for this project is it worth to go for this investment and how about the price hike as they are already running with the 3800/sqft :) ? Reply
    • 1 Jul 2013
      Hi Atul, In Real Estate Investment, one should not look into the current status of the location. you should only consider the project size, Price, & Proposed Surrounding Development. As far as i feel, Skylark Ithaca is strategically Located between Whitefield and Old Madras Road for better appreciation and commune. Expected Project appreciation is 20 - 25 % on YOY Basis.
  9. 29 Jun 2013
    Hi Harish, What is the upside you see for this project by the time of possession. Just a rough estimate. Thanks, Sani Reply
    • 1 Jul 2013
      Hi Sani, At least Rs.1500 /Sft
    • 22 Jul 2013
      You are contradicting your statement. In one post you are saying, the expected appreciation is 20 to 25% Y-o-Y basis and then just Rs 1,500/- in 3 years. Its not even 12% Y-o-Y basis compounded annually.
    • 22 Jul 2013
      Hi Ayush, Can you share the calculation details on 12% Y-o-Y basis compounded annually
  10. 29 Jun 2013
    Hi Harish, I am planning to book an apartment in Skylark Ithaca. I wen to the site yesterday. A little far from the main road and bit secluded now. How will be the development in surrounding areas by the time the builder gives possession in 2016? Is it a good investment opportunity?? Reply
    • 1 Jul 2013
      Hi Subhas, Usually in Bangalore when a large size project get launched means surroundings will automatically start developing and by the time project get ready for handing over...one will enjoy all the basic felicities . Best example - Ajmera Infinity @ E-city, DLF @ Begur, Sobha City @ Thanisandra have given its best for surrounding developmensts
  11. 1 Jul 2013
    Subhash location for sure is an issue.. but what i see here is that bangalore is fast expanding on this side and for now its 3 years since the project will get ready, by then surely many of the infrastructure wil be in place in that area and hence its bound to appreciate. Reply
  12. 1 Jul 2013
    Hi Harish, Planning to book a 2/3 bhk flat in Skylark itacha. Will the rates differ for 2 and 3 BHK or is it the same? Are 3 bhk flats built like duplex types? And also as of now the project doesnt look like it is started.? Can you please provide your inputs? And also any dummy flat structure in that to look at before booking. Reply
    • 2 Jul 2013
      Hi Ajay, There is no difference in basic price of 2 & 3 BHK. 3 BHK Simplex and as well as Duplex Penthouses are available for sale and as the project is still in the Pre - launch stage, construction work and sample flat are not ready. Besides, Project is Value for Money and you can Bank on Builder too...
  13. 2 Jul 2013
    Hi Harish I am bit confused between two projects i,e Skylark Ithacavs Monarch Aqua. I know Monarch Aqua has got great location advantages over skylark. But, I would like to hear from you as expert which is the best options for own use as well investment. Thanks a lot Reply
    • 3 Jul 2013
      Hi, Both the projects are equally good for investment as well as for own use...skylark Ithaca is offering No Pre - Emi Offers which is an added advantage. If your work place is near to Whitefield...Then, I suggest you to go ahead with Skylark Ithaca.
  14. 7 Jul 2013
    Hi All, I am owning a villa plot near to Skylark which has appreciated 300% in last 3 years and went with my friend to see this project for him to buy. This area has good potential as there are many projects under construction like oceanus,radiant silverbell2, ferns builders, saroj group, etc. Many such builders have blocked huge land parcel there. There are many internationa schools like Mount zee litera, canadian international, etc. So blindly go for it...i am thankful to Skylark for appreciating price in this area.....!! Reply
  15. 7 Jul 2013
    Hi, I am very much willing to book a house in Skylark. But I have three major concerns 1) How to know they have all the permissions for building this project? 2) In longer run which option is better No-Pre EMI or Rent + EMI, can you please explain with an small example? 3) How to know about the water problem? Thanks in advance Reply
  16. AM
    8 Jul 2013
    Following would be my rationale to book SkyLark Ithaca : 1. It looks secluded today but the development potential is good. They have built Vilas more than 200 units and which are fetching 2Cr-5 Cr, obviously it will mean more demand for development than its current form. 2. There are few more builders in that locality although the approach road looks narrow at this stage the future plan should address that 3. At that price, especially if someone is going for No pre Emi option, an all inclusive rate of 50-55 Lacs for 2BHK after 3 years with all such amenities is going to be a dream. 4. Since it is close to ITPL and other tech parks the demand for house will never plummet in that area. 5. I heard Phase II Metro has two proposed stations close to that place (Hoodi and Kadugodi). Even if that is not a 3 year plan one can expect that to be developed in next decade. However, various things need to be seen: 1. Development of shopping complexes around 2. Development of connectivity roads and proposed flyover/ underpass Any thing else? Reply
  17. 12 Jul 2013
    Hi Harish & All, I need some suggestions in identifying the vastu of Tower T8 and T7. The apartment I am looking for is a 3BHk which is in either tower T8 and tower T7. It looks like the tower T8 is facing internal road throw which apartment vehicles enter to park underground in towers T8 and T7. Please let me know whether it is OK to book an apartment in either tower T8 or T7. Thank you, Srinivas Reply
  18. 17 Jul 2013
    Hi Harish I am bit confused between some projects i,e Skylark Ithaca, Monarch Aqua, Prestige Ivy Terraces and Brigade Lakefront. I know Monarch Aqua, Prestige Ivy Terraces and Brigade Lakefront have got great location advantages over skylark. But, I would like to hear from you as expert which is the best options for own use as well investment. Thanks a lot Reply
    • 17 Jul 2013
      Hi Alpesh, Looking into the Number of Sales and Project Configuration...You Can Consider Either Skylark Ithaca or Brigade Lakefront.
    • 22 Jul 2013
      Thanks Harish. May i know which one is best for self use and investment both in skylark ithacha 3bhk or penthouse??
    • 22 Jul 2013
      3 BHK
  19. 17 Jul 2013
    Hi Harish, I am looking forward to take 990 sqft 2BHK in pre-lunch offer from Skylark Ithaca near Hoodi Circle, the price for NO Pre emi scheame (you have to take a loan and pay 20% of the total amount to the builder) is 3900/psft and 3600/psft for construction link scheame (pay as the construction goes on) regardless whether you take loan or not. Could you please advise me which plan I should opt for?? I am looking forward for a complete investement at this stage. How much profit/gain I can expect when the flat will be ready for possession in 2017 (builder says)?? OR should I invest with a small builder in Whitefield as my budget is not more than 50L, awaiting for your kind adv. pls. Reply
    • 17 Jul 2013
      Hi Sangram, If you have enough funds go for 3600 / Sft if not Opt for Pre Emi Scheme. you can expect 20 - 25 % appreciation per year and its better to invest in large and reputed builder than investing in small time builders
    • BPS
      21 Jul 2013
      Hi Harish I like to know skylark project in whitefield is good investment ?
    • 22 Jul 2013
      Hi BPS, Yes, Skylark Ithaca is good for investment as well as for self use.
  20. 20 Jul 2013
    Hi Harish My cash flow till next year December would be tied. On the PRE-EMI scheme can you share some more detail? Do they mean the buyer needs to pay only principal till possession and builder takes care of the interest till then? Can elaborate and me on this? Much appreciated. Best Regards Prakash Reply
    • 22 Jul 2013
      Hi Prakash, Your installment on Principle amount will only start after the possession...that means, from your end there wont be any cash out flow till possession.Builder will only pay interest amount to the bank.
    • 24 Jul 2013
      Thanks for your reply. Are you sure when you say they would pay the interest to the Bank? Cause I had checked with the builder and he said it would be parked to my account.
    • 24 Jul 2013
      I Doubt Prakash...As far as i know...It Will be linked to your Account... Builder will not park funds in your account...
  21. 20 Jul 2013
    Hi Harish, The pre-emi scheme by the builder, does it mean the builder pays the interest component and I the principal component until possession? And do I get any tax benefits on this until 2016-17? Reply
    • 22 Jul 2013
      Hi Prakash, you will be paying the principle component only after the possession. Tax benefits will be passed to you only after registration of the apartment.
  22. 22 Jul 2013
    Hi Harish, I am contemplating between Skylark Ithaca and Prestige Sunrise Park, EC1. Both are in pre-launch and are going @ 3600 and 3900 psq currently. Which project do you think would be best pick from an investment point of view? Reply
    • 22 Jul 2013
      Hi John, Both are equally good project for investment. I suggest you to Pick Skylark Ithacha with Pre - Emi Offer through which you can gain more returns.
  23. 22 Jul 2013
    Hi Harish, Which you think is a better project, skylark ithaca or MJR Pearl from an investment point of view. Also do you think approach roads from Kadugodi and Hoodi will be widened to 80 ft roads by the time of possession of flat ( as being claimed by skylark). Thanks in advance. Reply
    • 23 Jul 2013
      Hi Naveen, Yes, Road will be widened and As skylark ithacha has better project configuration it will fetch better returns in long run
  24. 23 Jul 2013
    Between Skylarc Ithaca and Brigade Golden Triangle which one is a better option? Reply
    • 23 Jul 2013
      Hi Sudha, Both are equally good project. But Brigade Golden Triangle does not have much stock to offer.
  25. 23 Jul 2013
    Hi Harish, Can you please elaborate what you mean by better project configuration. MJR Pearl has metro station( phase 2) coming up nearby. Don't you think skylark location is too interior.And not sure when will the roads be widened from Hoodi/Kadugodi. Appreciate if you could bring out the pros/cons with Ithaca project. Reply
    • 24 Jul 2013
      Hi Naveen, Even though MJR Pearl is in better location...Skylark Ithaca have more to offer like Pre - EMI scheme, Amenities, Better Features, Large Size Residential Complex, Builder Credibility. I agree about the location factor...But, In Real Estate Investment one should not worry about the current status of the location...Becoz Large size projects influence in developing the surroudings.
  26. 24 Jul 2013
    What do u mean by saying that brigade golden triangle does not have much stocks to offer. Otherwise which is better brigade golden triangle or skylark Ithaca .. Location wise , better returns and builder's credibility .. Reply
  27. 24 Jul 2013
    Thanks Harish. appreciate your response. Now can you please guide me as per three parameters mentioned above which is better brigade golden triangle or Hiranandani homes at devanhalli for a 3 bhk Reply
    • 25 Jul 2013
      Hiranandani Devanhalli will take much longer time for appreciation when you compare with Brigade Golden Triangle. Invest in Brigade Golden Triangle for Better returns in rentals or when you sell.
  28. 25 Jul 2013
    Hi Harish, I have gone through the Skylark Ithaca project details which look like a good opportunity to own an apartment by investing over three years while the construction is going on. I think Esta is the previous project which they have done of this magnitude. Do you know how that progress is going ie.., is it on track to their initial promise? Thanks, Phani. Reply
    • 26 Jul 2013
      Hi Phani, Skylark Esta had a delay in construction because of sanction authorities but construction is on full swing and Builder is trying his best to keep up his Promise to hand it over by March 2014. But there is rumor that handing over starts will start from Jan 2015.
  29. 28 Jul 2013
    Hi, I am hearing that there are high tension wires going over the land. Can anyone please elaborate the concern and also the action taken by skylark. Secondly when I had gone for the site visit I saw a railway crossing which looks a big concern as far as traffic is concerned. But when discussed with SKYLARK they told a flyover and a under pass is getting constructed. Can anyone tell how the connectivity will improve and also where is this bridge and underpass getting constructed. Regards Rahul Reply
  30. 28 Jul 2013
    Hi Harish, I have a doubt regarding the no Pre EMI option builder is giving. As far as I know, it means till the possession the interest component of EMI will be paid by the builder. My doubt is is that bank will give the whole amount of loan to the builder in the beginning or the loan amount will be given to the builder in parts as the construction proceeds. Reply
    • 29 Jul 2013
      Hi Rahul, To avoid maximum burden of paying Pre-emi, Usually Builder will take as and when he require funds.
    • 29 Jul 2013
      Thanku Harsa But my concern is if in case i take 40 lakhs loan will this get disbursed to builder and builder will pay interest on that amount or bank will will disburse amount in installments and on that builder will pay the interest. I am considering I have to pay principle amount and interest on 40 lakhs will be paid by builder till possession . And is it our choice to take loan of 20-25-30 years loan or builder will have clause that we can take loan for specific period
    • 2 Aug 2013
      Hi Rahul, There wont be any clause in terms of loan teneur...Generally In Pre -EMI option Builder will only pay the interest part of the disbursed amount... your exact EMI starts from the date of Possession which will carry forwards for 20 Yrs / 25 Yrs / 30 Yrs as per your choice.
  31. 30 Jul 2013
    Hi Harsha, can you provide details on construction linked plan for Skylark Ithaca. Considering 42 + 6 months for construction, will it be better suited option than both the no pre emi and pre emi? Reply
  32. 31 Jul 2013
    Hi!!! Harish , plz tell me about pre emi option clearly..... Reply
    • 2 Aug 2013
      Hi Puja, In Pre - EMI Option after you make 20 % Down-payment you will linked with Bank for Home Loan and your Home loan will be disbursed to Builder according to his needs and On behalf of you, Builder will pay Interest to the bank and you will be enjoying no cash out flow from your pocket till possession.
    • 2 Aug 2013
      To Harish's statement in the no pre emi scheme, some editing and facts. Firstly, Checked from the builder himself Interest would be paid to the buyer's bank account and not his loan account. This means it would be considered as "Other Income" in your form16. What does this mean? Well this is what it means..... Lets take a 2BHK flat for example @ Rs 50Lakhs Assuming 20% down payment be 10 lakhs. (To make our calculation and understanding easy). This means loan amount would be Rs 40 Lakhs. On a 10.5% loan amount you may pay approx Rs 41K per month starting month as EMI. Lets round it off to Rs 40K for simplicity. Principle component: Rs 5,000, Interest component : Rs 35,000 Since the interest is paid to you (The Buyer). The Tax liability @ 30% comes to Rs 10,500. Now you need to pay 10,500 to IT for this month as income tax. So the actual amount paid to you for EMI payment is 35.000 - 10,500 = Rs 24,500 That mean you contribution to the EMI for month 1 stands at : Rs 5,000 + Rs 10,500 = Rs 15,500 So per my evaluation it would be cheaper to go ahead with Option 1 becomes cheaper than Option 2 (No Pre EMI Payment in 2014. However would turn cheaper in 2015, 2016 & 2017 subsequently.
  33. 1 Aug 2013
    Hi, I am hearing that there are high tension wires going over the land. Can anyone please elaborate the concern and also the action taken by skylark. Secondly when I had gone for the site visit I saw a railway crossing which looks a big concern as far as traffic is concerned. But when discussed with SKYLARK they told a flyover and a under pass is getting constructed. Can anyone tell how the connectivity will improve and also where is this bridge and underpass getting constructed. Regards Rahul Reply
  34. 3 Aug 2013
    Whats the price they are offering as of now? When is the project being launched? Anybody booked the flat at 3600 + floor charges (20 Rs per floor) Reply
  35. 7 Aug 2013
    Hi Harish, Others, I am planning to buy a 2bhk. I would appreciate if you could answer my doubts- 1) Is the builder a reputed one 2) Has the builder already got the land on this name. 3) Has the builder got all the required approvals 4) If i take no pre-emi option, who will pay the EMIs if the construction is delayed 5) The approach road through Hoodi and through Hope farm both are very narrow. Are there any plans to widen the road in the near future? 6) If someone has bought the flat recently, kindly share the cost at which you have booked? Reply
    • 12 Aug 2013
      Hi Akshay, Please find Answers for your quires : 1) Is the builder a reputed one - Yes - Builder Has completed 6 Quality Residential Projects & 4 Under Construction Project. 2) Has the builder already got the land on this name. - Its a Joint Venture 3) Has the builder got all the required approvals - Builder is Awaiting for Approval From BDA 4) If i take no pre-emi option, who will pay the EMIs if the construction is delayed - No Pre - EMI is linked till possession & It will be a burden for builder in case, If Project Delays. 5) The approach road through Hoodi and through Hope farm both are very narrow. Are there any plans to widen the road in the near future? Yes, Road will be widened to 80 Ft
  36. 9 Aug 2013
    Hi Harish, I am planning to buy an aprtment 3 bhk in skylark ITHACA. Can you please help me in selecting the prefer location in that area. Is there any forum where we can discuss about this property ? Reply
    • 12 Aug 2013
      Hi Vikas, Please Call - 9686321734. They will help you in choosing best unit
    • 28 Sep 2013
      Hey Harish, Is there a way to contact you and let me know about your take on Ithaca, as I'm also considering Ithaca and would love to hear your inputs.
    • 28 Sep 2013
      Hi Shashi, Please call - 9686321734 because to know more about skylark Ithaca.
  37. 12 Aug 2013
    What is the current base price now...can any body let me know..... Reply
  38. MK
    12 Aug 2013
    Hi Harish, Could you please take some time to clarify the below points regarding to No Pre EMI scheme. 1) Will the interest be more for the No Pre Emi option when compared to the regular one? 2) In No pre emi option, even though the builder pays interest to the bank until possession, can the individual also pay some amount towards principle every month? In case if the individual can pay, the interest amount reduces for the next EMI as the amount paid by individual will effect the principal amount. In that case, will the individual be getting the excess interest amount that the builder is ought to pay the bank? Please clarify Thanks, MK Reply
    • 12 Aug 2013
      Hi MK, No Interest rates remain same and Pre EMI Option, As far as i know, you wont be able to contribute towards principle amount till possession.
  39. 13 Aug 2013
    Hi Harish,In one of the above question:” Has the builder already got the land on this name”., you replied that “ Its a Joint Venture”. Do you know its JV between who? Thanks Bops Reply
    • 13 Aug 2013
      JV between Land Lords...Not sure about the names
  40. 14 Aug 2013
    Hi Harish, I m so cofused to for investment. i have finalise 3 project 1.Bhartiya city thanisandra road,Sriram summit @Ecity phase1,and Soverign sona @tumkur near by metro station. please can u suggest me. and what abt skylark. what is ur opinion. Reply
    • 14 Aug 2013
      Hi Kankana, For Better rental and resale returns you either consider Bhartiya City / Skylark Ithacha
  41. 15 Aug 2013
    Hi, Can anyone tell me why SKYLARK has not made any advertisement in any of the newspapers or on their website about SKYLARK ITHACA? Is there any legal issue which they are waiting for?? Regards Rahul Reply
    • 15 Aug 2013
      hi harish, Which one is good for rental and resale 1. Bhartiya city,2.skylark Ethaka 3. DLF ,4 sriram summit@ecity which one is good give justification for answer. please give ur reply
    • 16 Aug 2013
      Hi Kankana, You Can look into Bhartiya City / Skylark Ithacha for better rental and resale value. Reason the Concept of Bharthiya City is really beautiful and first time in bangalore real estate and The response from the customers is really impressive Phase I, Phase II of Bharthiya city got sold out with in 6 Months and Skylark Ithacha is near to whitefield where demand is high in terms of Purchase as well as for Rent and Almost 500 units have been sold in 3 months that too in pre launch.
  42. 19 Aug 2013
    Hi Harish, Which is better option in Nitesh Britesh Columbia [on off Kanakpura road] & in SKyLark [Whitefield].I am looking for a good investment purpose Reply
    • 20 Aug 2013
      Hi Shiv, Both are equally Good Project and in fact fetch you same returns...you can consider either of the one.
  43. 20 Aug 2013
    DO you think there will be water scarcity in prestige fern? How is water availability in Haralur road in general? Reply
  44. 21 Aug 2013
    Hi Harish, I was quite impressed by your property analysis.Well,I am looking for a gated property in North Bangalore within 1 crore.My proirities are location,community,quality of finishes,amenities and good floor plan.Can you help me find such a property which will be completed in 2-3 years as this is for our own.I am already staying n a gated appartment. Reply
    • 22 Aug 2013
      Hi Geeta, As per your requirement...You can consider either G Corp Icon / Nikoo Homes.
  45. 2 Sep 2013
    Dear Harish, Skylark Ithaca being a big project and a good builder too, I have not seen any advertisement in their website or in any news paper. Do you think there is any specific reason for that?? Secondly Skylark is telling that they will be making an underpass near the railway crossing. Is it actually true. Third- Already the floor plan is less and they are not doing any interiors. Is it a common practice of all builders (Shobha, purvankara, prestige etc)?? Thanks Rahul Reply
    • 3 Sep 2013
      Dear Rahul, Skylark is not going for advertising in news paper because project is still on Pre Launch Stage. Usually Builder Give an Ad during Official Launch time. and regarding underpass. I doubt skylark will get into this because Its Govt Job... Doing Interiors will delay the project and its a individual choice...that's why most of the builders will not get into interiors.
    • 3 Sep 2013
      Hi Rahul, Thats true for huge project builder keeps prelaunch period very long u can see Prestige sunrise,sriram summit all r in prelaunch more that 6months time .... but still this project in prelaunch.skylark is too inside from road.in this project is only one +ve thing to invest is 20-80 scheme out of so much option is there for investment.
  46. 3 Sep 2013
    1. Dont you think the railway crossing near hoodi junction is a big constraint for this project?? 2. Any other A grade builder is planning to build houses in and around ITHACA project. 3. Why they have kept the project in such a longer period if pre-launch stage? Usually builders dont go for such a longer period. 4. Do u feel this project is presently very isolated. Do you think this issue will be a problem for people who are investing in this project? Reply
  47. 3 Sep 2013
    Guys I have just heard in ABP news that Government has advised Banks not to give full amount to builders as LOAN Government have told bank to go with Construction link plan There will be no Pre EMI .... Looks like this is goona be problematic... NOW WHAT ABOUT 2 LAKHS WE HAVE GIVEN TO BUILDER. WILL WE GET THAT BACK...\ COMMENTS PLEASEEEEEEEEE Reply
    • 4 Sep 2013
      Hi harsha, Can you tell me which project is good DLF my town in Ecity and Skylark Ethaka in long run
    • 4 Sep 2013
      Hi Kankana, In Long Run DLF My town will fetch more returns because of its project configuration ( Township Concept ) and Brand name
  48. 4 Sep 2013
    Is RBI going to scrap the 80:20 scheme? Read this article on moneycontrol- http://www.moneycontrol.com/news/real-estate/rbi-should-have-consulted-before-scraping-8020-credai_944718.html#toptag What's the impact of this to this project? Reply
    • 4 Sep 2013
      Yes this guideline talks about 80:20 scheme. Please refer below link for details http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=8366
  49. 9 Sep 2013
    Hi Harish, 1) Now that 80:20 option is scrapped, do you still think Skylark is a good investment? 2) Also, can you please advise me on the water resources for the Skylark ithaca project.Some people are saying there wont be any water problem and some people say that people living in Arcadia themselves are dependent on water tanks. Can you please advise if this is a good project where one can opt to stay? 3) Also, if possible, please let me know if it is a good time to invest taking Indian economy in to account. Thanks, Padma Reply
    • 10 Sep 2013
      Hi Padma, I Feel Skylark Ithaca is still a good option to invest without the 80:20 Scheme. Besides 60 % of Booking are without 80:20 Scheme. BWSSB will not give NOC without water source. so dont worry...besides, Almost 80 % of the Projects in Bangalore uses water tanks in summer and current Economy situation has not effected much on Bangalore Real Estate market. ( Anytime is best time to invest in real estate )
    • 10 Sep 2013
      The 80:20 scheme may not be good for you in the long run. Check this article.. http://www.indiarealestateforums.com/news-feed-blogs/70-reserve-bank-of-india-puts-an-end-to-80-20-loans-for-apartments
  50. 10 Sep 2013
    hi Harish.. When does the builder give their legal documents? I have asked the legal land documents and other approval documents what I have come to know from them is that all legal papers they will be giving us only during agreement. Is it true with other builders also?? Secondly as commented earlier that no builders give their advertisement during the pre launch phase. But I have seen builders like prestige (prestige sunrise), purvankara, mantri web city, etc etc give their project details right from the prelaunch stage. Can u plz clarify me. Reply
    • 11 Sep 2013
      Hi Rahul, In case, if the project is in pre- launch stage...Builders Usually hand over the legal set at the time of signing the agreement and its a common practice too... and prestige sunrise park is still in pre launch and ads are published by channel partners ( Prestige has not uploaded sunrise project details in their official website ) and Mantri has officially launched web city project and that's the reason you see print ads from the builder side.
  51. 11 Sep 2013
    Hi Harish, I am in search of a good project. Purpose is both investment and self-use, depending on future situation. Have been enquiring about Prestige IVY Terace, Bren Padington, Brigade Golden Triangle , Assetz East Point and Skylark Ithacha. COuld you pls suggest, which project will be best looking at the factors like, price, quality, location, appreciation after few years.. Reply
    • 11 Sep 2013
      Hi Suvendu, As per your requirement...i feel you should consider Assetz East Point
  52. 11 Sep 2013
    Thanks a lot for the info. Can you please highlights the concern of Sylark Ithaca Project. {In other words the pros and cons of buying a property in SKYLARK ITHACA}. The building technology used by SKYLARK is Mavac technology. I have heard the building cost is cheaper but do u think the quality of the houses would be good. Reply
    • 12 Sep 2013
      As far as i know, Most of the builders are using this technology and as per my understanding these are the pro & Cons of this Technology---Advantages: formwork requires relatively less labour More seismic resistance Increased durability Lesser number of joints and reduced leakages Higher carpet area Smooth finishing of wall and slab Uniform quality of construction Negligible maintenance Faster completion Limitations: Because of few small sizes finishing lines are seen on the concrete surfaces Services after completing become slightly difficult due to the small width of components It requires uniform planning as well as uniform elevations to be cost effective The formwork requires number of spacer, wall ties etc. which are placed @ 2ft c/c; these produce problems such as seepage, leakages during monsoon Due to box-type construction, contraction cracks are likely to appear Heat of hydration is high due to shear walls It is rigid in design once placed, as any alteration becomes tough later
  53. Sai
    12 Sep 2013
    Hi Harish, As 20:80 scheme is scrapped now will skylark itacha will be able to finish the project on time as it is B grade builder.And Skylark said they will launch project y sep end but now they are saying october 1st week or second week. Is it good to invest in itacha through CLP scheme. Please suggest me is there any other alternative projects which will be 40 - 45 lakh budget(2bhk). Reply
    • 12 Sep 2013
      Hi Sai, Infact , Most of the bookings at skylark Ithacha are without 80:20 Scheme. Builder is quoting Competitive price in at CLP Scheme. There are no good projects in the vicinity with of 40 - 45 Lacs price band. Its worth investing in skylark Ithaca
  54. 12 Sep 2013
    I stay in the area where skylark is building this project. * Water issue in this area. Am 100% sure that you have to depend on tanker and that would add to the cost if you planning to stay here. * Attitude of the builder after booking and registration This may be a good investment, but if you really are looking for an investment just buy a plot in the same area and that would fetch more than what is invested Reply
  55. 12 Sep 2013
    Hi Harish. As you have discussed the pros and cons of Mivan tech, I really appreciate the detailed explanation. But there are more disadvantage than advantages. Still why builders use it?? What about Class A builders, do they also use Mivan technology.?? Reply
    • 12 Sep 2013
      Yes, Class A Builders too use it...Example...Sobha Aspire / Sobha Ellite , RMZ Galleria, Hiranandani, etc... besides, Mivan is growing Technology and slowly everyone adapts the same... Project Completion time ,Quality & Finishing will be better in Mivan Technology.
  56. 12 Sep 2013
    As everyone is highlighting water issue. Do u think its a concern for SKYLARK ITHACA.?? Secondly due to delay in agreement, and hence commencement of project do u feel the project will be delayed.. Reply
  57. 14 Sep 2013
    Hi Harish, Thanks for your suggestion. Could you please mention few points as how Assetz east point is better than others. Also I was looking at Purva skydell, which is at 4990 per sqft. Could you please let me know about the prospects of this Purva project. Reply
    • 14 Sep 2013
      Hi Suvendu, I feel, Location of Assetz East Point is far better than purva skydale. Besides, Purva Skydale price is at bit higher side too...
  58. 15 Sep 2013
    Hi Harish, I am planning to book a 2BHK @Skylark Ithaca.Can you please advise if its safer and a good choice to invest in Skylark Ithaca.Can you suggest me some options as well prior to Ithaca,my budget is 60Lakhs. Though I am looking around Whitefield,I am confused between Whitefield and Electronic City Reply
    • 16 Sep 2013
      Hi Mickey, ROI would be almost same between Whitefield and Electronics City and yes, It will be a good choice to invest in Skylark Ithaca.You can even Consider Prestige Sunrise Park @ Electronics City.
  59. 15 Sep 2013
    Hi Harish, got to know skylark can't hold on to pre emi scheme as they promised initially. because they r yet to get approvals from govt body to go for loan. so what r best options for people who initially opted for no pre emi scheme? is it better to quit as the real estate price would go down with this rbi condition? Reply
    • 16 Sep 2013
      Hi Gowda, Real Estate Price will not come down in Bangalore. Because of Stable Price & Higher Input Cost to Builders. Besides, From past two months it has observed that, NRI Bookings have increased drastically. I don't advise to quit until n unless if you have severe burden of Rent + EMI.
  60. 15 Sep 2013
    Hi Harish, Thanks !! I visted the Assetz east point site and discussed with sales people. The basic price per sqft is 5590/-. I agree the location is better than that of Skydale. But prices wise , its at higher side, skydale is around 5000/- . So I am confused at your statement "Purva Skydale price is at bit higher side too". Can you pls clarify this statement. In the review of Brigade Golden triangle, you had mentioned that the project ( Golden triangle) would appreciate by 50-60% by 2016. And Assetz east point would appreciate by around 20% in couple of years. So does it mean that appreciation wise, Brigade would fetch more than East Point ? 1-IF we consider "Quality", which one is better ? Golden Triangle / Sky dale / East point ? 2- "Appreciation" wise , which one would give more ? Golden Triangle / Sky dale / East point ? Reply
    • 16 Sep 2013
      Hi Suvendu, It terms of Quality & Appreciation Brigade will be Right choice.
  61. 15 Sep 2013
    hi harish, what u say as per investment which is better and latter for own use as ROI 5 year, nitesh long island(on NH7, devannahalli), orchad(himalayn group, on IYC road, near devannahalli), skylark itheca, brigade golden triangle,. as i know i compare land with flat. and amount nearly 55 Lakh i have. . PlZ advice which project is good and will give high return in 4-5 year max. U can advice any other project also. thanks in advance ..... Reply
    • 16 Sep 2013
      Hi Neel, You can consider Brigade Golden Triangle / Skylark Ithaca.
  62. 17 Sep 2013
    Hi Harish, Can you please provide your inputs on "Oceanus Classic" which is located at same location as of Skylark Ithaca Reply
    • 18 Sep 2013
      Sorry, Yet to review the Project.
  63. 22 Sep 2013
    I have heard that near the railway crossing an under bridge is being built? anyone is aware if this information is true..If there is an under bridge it will become a plus point. If under bridge is not there , Harish dont u think it is a big concern?? Reply
    • 22 Sep 2013
      Dear Rahul, Across Banglore, Govt planning for Under / Over Bride on Railway Crossing. In Fact, Work has started and 70 % completed in Sarjapur Railway Crossing. and by 2016 / 2017 i guess, all the railway crossing will be better planned.
  64. 23 Sep 2013
    Dear Harish, I see you have mentioned possession starts "2016 onwards". What does this mean, the buys start taking possession 2016 onwards? I heard possession starts 2017. Kindly confirm. Reply
    • 23 Sep 2013
      Hi Prakash, As per my latest communication with the builder the tentative possession for the project is 2016 December
  65. 23 Sep 2013
    Hi, Initially when i went to check the property through the devasandra road, the marketing person told me that there will be an entrance next to skylark arcadia to the apartment. he actually told me that there will 3 entrances for the apartment. When i went last week I met another another markleting lady. She told me that there will be only one entrance and there will be not be any other entrance if you come through the KR Pura - Devasandra Road. Only the arcadia villa reseidents will have entry if you come through the devasandra road. The actual entrance which the marketing lady mentioned is a very narrow road, that will come behind the goods loading station. Now I am kind of confused about going for this project. Also what about the approval status? When is it expected? Reply
  66. 26 Sep 2013
    Hi I went to this area and almost interested with another builder Trifecta Esplanade. As far as I know this is their first project and I would like to get your valuable advice. Reply
  67. 30 Sep 2013
    Hi Harish, Since No Pre-EMI option is not available now, can you please tell if it is still a good option for investment. Also, now there is great chances of getting the project delayed (as a huge funding gets effected due to scrapping of the no pre-emi option), will the buyer have to suffer the delay? Also will there be some kind of refund/fine given by the builder if he delays the project ? Should the risk be taken ? Reply
    • 1 Oct 2013
      Hi Vikas Vivek, Major % of Bookings have happened @ construction liked plan and as far as i know no pre - emi scheme will not effect the much on project delay.
  68. 1 Oct 2013
    HI Harish/charith, I went for the pre-emi 80-20 scheme which is now stopped by RBI. I want to cancel my booking now.Would I get my complete money back? Skylark guys are saying that they have tied up with some private guys for the pre-emi scheme as (40:40:20) and if i want to get my money back ,20 % would be charged. I don't want to go against the RBI ruling as it can anytime come hard on these banks. Please advise. Thanks, Avinash Reply
    • 1 Oct 2013
      Dear Avinash, (40:40:20) scheme means bank will disburse the amount to builder in slabs of 40% then 40% and finally 20% but not in full 80%(this is a new scheme on which bankers like Axis, HDFC etc are currently working- still not concreted). Which is as equal as earlier 0 PRE-EMI Option for customers. As to cancellation is concerned Skylark deducts 20% of the booking amount. Hence I would suggest you to wait till Skylark comes out with some concrete solution for the subvention scheme and then take any decision depending on your feasibility. Do not hurry up. Regards, Charith Shetty
  69. 1 Oct 2013
    I had booked under CLP and willing cancel the subscription now. Anybody interested? Reply
    • 5 Oct 2013
      Please call me on my mobile 9916293705
  70. 15 Oct 2013
    Could you please let me know the pros and cons of mjr pearl and skylark ithaca I am a bit confused on which property to invest . Mjr pearl / skylark ithaca Reply
  71. 18 Oct 2013
    I checked this project 2 months back and they said project will start in sept.Is this project still in Pre-launch ? Reply
  72. 21 Oct 2013
    I got a call from a channel partner regarding skylark Ithaca and the guy told me that the builder has got the approvals. So I called the skylark team to know about the approvals. they said they got the approvals done and the launch will be after Diwali and the agreements will start happening from then. Not sure how far its going to be true. Reply
  73. 21 Oct 2013
    Anybody know the specification of the materials (doors, windows, kitchen , toilet etc..) that are going to be used in this project. Its not mentioned anywhere. Reply
  74. 21 Oct 2013
    This is to bring to your kind notice that skylark is planning to launch Skylark Ithaca in the midweek of November 2013. Hence the pre- launch offer will be valid only till 10th November 2013 after which the prices will be increased. Those who are interested in booking please Call - 9686321734 before the prices go high & avail the benefit. Reply
  75. 28 Oct 2013
    Hi Harish, Looking for some good investment in Whitefield. How is DSR sunrise tower (4400 per sqft possession by 2014-2015) and DSR greenfield (3400 per sq ft) which is ready to move in.Please suggest and also let me know if ithaca will be better than these 2. And how much rent should i expect in these Reply
    • 1 Nov 2013
      Hi Rahul Singh, My personal opinion, I didn't liked Quality of DSR Projects. I suggest you to go ahead with Skylark. Rental Potential would be for 2 BHK - 15 to 20 K & For 3 BHK 22 - 30 K depending up on the unit size & Interiors.
  76. 29 Oct 2013
    Hi Harish, Will Skylark at this rate will able to sell the apartments? what will be rate/demand at the time of possession.? Reply
    • 1 Nov 2013
      Hi Sarvan, Martet has accepted the price. Bookings are happening. Considering the current Price , Demand & Supply Charth. Projected Rate is Rs. 5000 / Sft
  77. 29 Oct 2013
    Have few Questions 1. by which tower the LT is passing through 2. why hasn’t the builder mentioned about the specification of materials anywhere.? Wold he mention them in the agreement papers? Reply
  78. 2 Nov 2013
    Hi Harish, I appreciate your inputs on SKYLARK project updates/pros/cons and this info is helping us a lot. Can you please suggest your opinions for below questions. --> Initially I booked this as Investment but now due to change in priority I am thinking for self stay . Do you feel its good idea to go with small developers project which is about to complete in 12-15 months from now rather than wait for mega project to complete for next 3.5 years for self stay ? --> I have booked in 80:20 scheme. What are the other options for those who have opted for 80:20 and can’t pay EMI till possession ? --> In case of cancellation, any idea SKYLARK give back full money(2L) or deduct 20% ? Thanks in advance, -Imran Reply
    • 4 Nov 2013
      Hi Imran, We don't suggest our clients to get into small time builders - High Risk Involved. I suggest you to stick with skylark than getting into small developers. As of now there is only one option left which is, Construction liked plan. Skylark deduct 20 % of your booking amount in case of cancellation.
    • 4 Nov 2013
      Hi Skylark is around 3600 and prestige lakeside 4770. Which is better interns of investment and which will give better returns in terms of property appreciation and rent. Skylark aftr 3 years from now would be how much approx? and how much rental income can it fetch for a 3bhk? Similarly how much would be lakeside after 3 years and its rental potential , sonsidering that there are around 3000 flats in that development.
  79. 3 Nov 2013
    Join the owners forum in FB if you have purchased a flat in SKYLARK Ithaca. https://www.facebook.com/groups/skylartk.ithaca/ Reply
    • 6 Nov 2013
      Hi Prakash, i placed the request to join the group. But this was not approved. I have booked a 1305 in tower1. please add me at the earliest.- sravan
  80. 6 Nov 2013
    Hi Harish, I have booked a 2BHK flat in Skylark Ithaca on June 2013 under 80:20 rule. Since 80:20 rule is scrapped by RBI builder said the Banks like HDFC,AXIS,ICIC etc came up with 40:40:20 scheme. Is this scheme concreted yet. Coz i am not in a position to go for CLP and pay EMI for the next 4 years. Reply
    • 12 Nov 2013
      Hi Gautam, 40:40:20 is not yet been concreted. Builders & Bankers are working together to come out with some solution ASAP.
  81. 7 Nov 2013
    Hi Harish, Which project is better between skylark ithaca and purva skydale in 3 yrs appreciation point of view? Reply
  82. 13 Nov 2013
    Hi harish Thank you for providing such a detailed analysis I am planning to invest in Skylark Ithaca or Purva Skydale 2bhk but since I will have rent+emi burden..In terms of appreciation as suggested by you Purva is a better option but their no emi till possesion is only till 30 months..whereas for skylark its till completion.. Considering my situation which option will you suggest me out of the two?..Or any other? Thanks Reply
    • 15 Nov 2013
      Hi Siddharth, As far as i know, no builder is offering No Pre - EMI offer. so there is no question of No Emi till 30 months / till possession.
  83. 14 Nov 2013
    Called the skylark to check regarding the documentation email that i received. Looks like the launch is again delayed by a month. She said it will be probably on 14 Dec 2013. The reason I got is they are waiting for approval from SBI and LIC. Can a launch be delayed because of a bank is working on the documents? I don't know. Reply
  84. 15 Nov 2013
    Was thinking to purchase a 1BHK in skylark ithaca. Do u feel resale of 1BHK will be difficult? Secondly how much rent I can expect from a 1BHK. How good is an option to buy 1BHK in Skylark ITHACA Reply
    • 18 Nov 2013
      Hi Rahul, 1 BHK's are usually good for Rentals / Self Use - Holiday Homes. Expected Rent would be around 8K / Month
  85. 18 Nov 2013
    Hi Harish I am interested in this property, but was unsure about the builder, quality of construction etc. Is this builder of repute in market /does he has any completed project to compare against? Any benchmark to compare his delivery schedule, buying experience, etc? thanks Reply
    • 18 Nov 2013
      Hi Sidharth, Skylark has completed 7 Residential Projects & 3 Commercial projects across Bangalore. You can check the quality in skylark Zenith or any of their completed projects.
  86. 18 Nov 2013
    I was very much interested in this Project and wanted to book a Flat. After visiting Skylark Ithaca site changed my opinion. Below are my Views. 1) Site is located very inside and No transport, Schools, Hospitals, Shops near by the site. For anything need to go to Hoodi Circle or KR Puram. Need to wait 3 to 4 Years to develop this area. 2) 3700/- Per sqft (Fixed) is very expensive considering the current site location and the other Projects near by.Some other projects near by Ithaca like Oceanus Classic which already started the construction and will get completed by March-2016 are charging 3690/-per sqft.Negotiated to 3350/- sqft. 3) Carpet area is very less. Only 70% of built up area. for 2 BHK flats approx 700 sqft. We will be staying in an Apartments touching the stars in a Congested area. 4) Project is approved by BDA because of 25 Acres site and 19 Floors in each block. Skylark Executive said when the Project configuration is more than 14 Floors and more than 5 Acres of land needs BDA Approval. 5) No Kaveri water in this near by location. After Possession, Total 1800 Apartments with minimum of 4 people in each flat. Approx 7200 People daily needs to depend on the Ground water.Need to think for how many years we can depend on the ground water with such huge crowd and also with the surrounding Villas and Apartments. 6) High Tension wires are touching entry gate of the Project and there is no problem. Low tension wires are touching middle of the project and they said they will route to the out of the Project boundaries.No problem. 7) Skylark Executive who spoke to me is not flexible to provide all the Project details. While he is speaking to me, got a call from one Customer who already booked a flat in Ithaca in August-2013 wanted to cancel booking and Skylark Executive is trying to convince him that they will start the Project by Dec-7th-2013. If this is the case before booking the flat then we can expect how they are going to behave after booking 8) Skylark Executive said Cancellation of booking will deduct 20% of booking amount and after agreement will deduct 20% on the Agreement. 9) They said Possession date is Dec-2016 with 6 Months Grace Period. I suppose they will complete not before June-2017 and there may be chances of delaying as it is their first big configuration project and had no experience earlier 10) Current Rent near by the location for 2 BHK is 12,000/- to 15,000/- (including Maintenance and based on the Amenities).May be it will go to 20,000/- to 22,000/- by 2017 11) Checked with SBI Loan Executive and construction period (3 Years 6 Months) is the main drawback of this project with the current price per sqft 3700/-. For 2 BHK flat (1049 sqft) of total cost (55 Lacs) including Registration and everything 20 % Down payment = 11 Lacs (from our self) Interest for Down Payment 11 Lacs till June-2017 at 12% (3 years 6 Months) = 4,62,000/- Rest 80% from Bank = 44 Lacs (From Bank) Need to pay only Interest for first 18 Months Suppose the Bank released 20 Lacs for the first 18 Months then Interest is around 20,000/- 20,000 * 18 Months = 3.6 Lacs (For the first 18 Months) From 19th Month, EMI Starts till June-2017 (42 Months - 18 Months = 24 Months) 24 * 45000 (Approx Actual EMI) = 10.8 Lacs Toatl EMI = 3.6 + 10.8 Lacs = 14.4 Lacs (Till Posession-June-2017) Current sqft is 3700/- and it may come to 6000/- per sft (at most) (62% increase in value) at the time of possession Increase in Property value = 6294000 - 3881300 = 2412700 (24 Lacs) Gain after waiting for 3 Years 6 Months and Paying EMI's = 2412700 (Property value increased by 62%) - 14,40,000 (EMI paid) - 4,62,000 (Down Payment Interest) = 5,10,700/- (5 Lacs). Think, waiting for 3 years 6 Months from now dreaming about the Project for 2 BHK Flat and Paying EMI's till the possession and getting only 5 Lacs benefit. Is it worth? Think twice before you invest in this type of Projects. It's very hard earned Money by working day and night shifts screwed up with the Managers in IT field. Invest in the Projects where the possession date is below 18 Months in good locations where you can get good appreciation and good rentals with irrespective of the Builders. Reply
  87. 18 Nov 2013
    Ohh Thanks mr Kishana, ohh good very calculation to help others to decide Reply
  88. 18 Nov 2013
    Dear Krishna Rao, A very good perspective from a short term investor point of view. I thought on the same lines. However I am not not a investor but potential resident. So have a small difference in the calculation and find it beneficial to purchase the project. Current Scenario: Approx Cost Price: Rs 45 Lakhs Down Payment: Rs 9 Lakhs Bank Loan: Rs 36 Lakhs Approx EMI: Rs 36000 Total interest + Principal payable: Rs 86 Lakhs (Tenor of 20 years) Scenario after 4 years: Approx Cost Price: Rs 70 Lakhs (Appreciation of 55%) Down Payment: Rs 14 Lakhs Bank Loan: Rs 56 Lakhs Approx EMI: Rs 56000 Total interest + Principal payable: Rs 1,3 Cr (Tenor of 20 years) Based on above scenario, why should a potential resident buy: 1) Rs 44 Lakhs if the delta between case 1 and 2 on amount paid to the bank in 20 years. This is huge money and by investing into a conservative asset @10% can provide returns of more that 80 lakhs post 20 years. 2) Another point we need to note is the increase in EMI in both cases from 36K to 56K. We assume that our salary or income sources would go up 55% in next 5 years to support those numbers. However hoping on future income may be risky and I believe be conservative on one's income and overestimate one's expenditure. Its safer that way. Further current economy is uncertain and may not support incremental income numbers. Though I am sure sure to know where will suffer is paying my current rent (Which would increase annually) and increasing EMI. So 2015, 2016 would be a real challenge..... It's a trade-off..... a call every one needs to take at least once in life. Do share your thoughts. Most appreciated. Reply
    • mit
      20 Nov 2013
      Thanks mr krishna and best of luck (really!) mr prakash. I think we all have had these concerns in our minds and you've summed up well. An investment of the order of 50+ lacs for a monthly rent of 20K is like spending hundred bucks for peanuts. Even for potential residents, is it worth waiting that long and that too with everything cooked up in the air?
  89. Max
    20 Nov 2013
    ready to move property at the nearby locations is selling at > 4500/ sq ft...for example mantri global height .....can we afford these ? there is always a risk in properties where possession date is 2-3 years waiting period... all your above calculations really are theoretical ... buying a house is influenced by your budgets ( current and future) ..if someone does not have enough money to buy ready to move in property for his living ...he has no choice but to take risk and invest in property like this... BTW - namma metro is planned just 2 km from this property. Reply
  90. 22 Nov 2013
    I hope all knew that SBI and LIC Housing Finance approval is still pending. I got to know from HDFC Bank that it is pending with them too... Reply
  91. 28 Nov 2013
    Has the builder got approval from SBI ? When the is the project Launch ? Reply
  92. 7 Dec 2013
    Hi, i m thinking to cancel my unit 1506, 999sft, east facing under clp. base price is 3500 sft, since its in 15 th floor, sft price is 3800. let me know if anyone interested in taking up. contact on medidhi.rajesh@gmail.com Reply
  93. 8 Dec 2013
    Hi.. launch date is confirmed.. received email from CRM.. it is 14th Dec. Reply
  94. 9 Dec 2013
    wait guys... govt is going to pass a new bill this winter session which is going to be consumer friendly and protect customer from one sided builder favoured agreements Reply
  95. 10 Dec 2013
    Hi Harish, Can you explain me the VAT and other statutory taxes calculation? It seems different builder quote different amount based on their calculation. Some one includes only construction cost + Amenities charges and some builder quote taxes on entire cost including the land cost. It would be great if you throw some light on the actual calculation method and also explain how does registration cost does get calculated. Thanks Reply
    • 14 Dec 2013
      Hi Basant, As far as i know, VAT is Calculated on 70 % of Construction Value + Car Park + Amenities X 14.5 %. This varies from builders to builders because of Input Cost ( Materials Used in the project / Project Configuration ) sometime even labor Cost Effects the VAT Calculation. Besides, There is no Thumb Rule from Govt towards Real Estate VAT Calculation.
  96. 11 Dec 2013
    Hello Harish !! i see this link on your website Click Here to Download —-> Skylark Ithaca Price List_Upfront_Rs.3300 per sft Is the property available at 3300per sq ft if so How is this scheme different from the PRE EMI Scheme ? Reply
    • 14 Dec 2013
      Hi Shetty , Price has been revised. Will update the New Pricing by 15-12-13 or You can Call - 9686321734 for Latest Pricing, Bookings & Best Deals
  97. 14 Dec 2013
    Please let me know if this project has common walls? Reply
  98. 25 Dec 2013
    Hi, The Latest Prices for Skylark is above 4K, is it still worth to buy this project. can you please suggest me some good options close to 50 lakhs, i am not an investor, but planning to stay after -2 years, your suggestions would be great help to me. Reply
  99. 1 Jan 2014
    Hi, I was about to book a 1011 sq. ft flat in Skylark Ithaca. The doubts for now are 1) why is construction did not start - i went and visited the site and had a look on Dec/31/2013 2) SBI did not approve loans yet 3) As this is largest project of Skylark - how are they sure about completion in mid of 2017 and is there a guarantee of 18% return if completion extends deadline of mid 2017. 4) the present price for 14th floor is INR 4213 per sft. and is going to revise on new year eve by 100 to 150 - is it worth a wait for other clarifications. 5) Prestige Lakeside Habitat (too big project and pricey) and same with Purvankara projects - Purva Skydale 6))After Krishna Rao and Prakash views on numbers and sleek gains on investment - what can be other projects to look for.. What can be better projects to choose for End use (50 lac around budget for 2 bhk). Please suggest Reply
  100. MR
    3 Jan 2014
    Can somebody provide thoughts about penthouse available in Ithaca? I am planning to book 1995 one. Suggestions on tower and facing appreciated. Reply
  101. 4 Jan 2014
    there are 2 more issues with skylark 1. ht wires transmits between phase1 and phsae2 2. as per bdA plan 18 m wide road passes between phase1 and phase2 3. model constructed flat is big compared to size mentioned in the brocutre. 4. as they are not answering properly for all these questions. also feel they are nt trust worthy Reply
    • AK
      5 Jan 2014
      18 m road could actually turn out to be food for connectivity, no? HT wires pass along the periphery - at a good distance of 30 ft. That should be ok. No similarly priced property at a more advanced construction stage (like half built or possession within 12-15 months) is there in this area. Maybe that is why properties on road when you go from Hoody circle to skylark are selling.
  102. 6 Jan 2014
    1. The 18 M road is included in SBUA, you are paying for it :-) 2. 30 mtr away is nt a safe distance. more over they are nt confirming this or giving relevant documents, just cooking some sales story http://www.safespaceprotection.com/electrostress-from-power-lines.aspx. EMF 3.model flat dimension and actual mentioned in brochure varies,,,check out the 1059 living room...model flats dimension are more :-) Reply
  103. 11 Jan 2014
    what about VAHE IMPERIAL GARDENS ? what is the current sqft rate of Skylark Ithaca ? which is good among these 2 projects. Reply
  104. 16 Jan 2014
    I have call with one of the representatives in skylark, is there any benefit in the sqft cost if we are ready to pay 30% amount in basic cost. Reply
  105. 16 Jan 2014
    Hi Guys I have booked a flat at Skylark Ithaca and created a group on facebook for buyers group discussion. Please join https://www.facebook.com/groups/skylarkithacabuyers/ Reply
  106. 17 Jan 2014
    Hi Harish, Is no pre emi option still on with Skylark ? Moreover i am planning to book 2.5 BHK, But i find teh size of Living area is 17.5 by 11.5 , would be be sufficeint to put Dinning and Sofa ? Thanks Pawan Bhola Reply
    • 18 Jan 2014
      Hi Pawan, no pre emi option is not available. 17.5 by 11.5 would be little congested but manageable.
  107. 18 Jan 2014
    i booked yesterday 2.5 bhk @3700 CLP. Reply
  108. 19 Jan 2014
    Hi Ankur, At what floor you booked ??? is it GF ??? Reply
  109. 22 Jan 2014
    Is this for Ground floor or for other Floor Reply
    • 29 Jan 2014
      Can't be any floor if he booked on 17th jan 2014. Current price is 3900 psft
  110. 27 Jan 2014
    Hi i have booked on 14dec2013 launch day in T1 @ base rate of 3933/- any one knows when they are calling for agreement. their sells executive informed it will be in mid feb is it true? i am reading so much negative news on internet about skylark how true it is can some clarify it? thanks in advance Reply
  111. 3 Feb 2014
    Are they selling in multiple phases 1 and 2 and they have just launched phase 1 now? Reply
  112. 10 Feb 2014
    Hello I have booked 2.5 BHK 9 th floor. looking for loan. HDFC came with part tranch EMI offer in which Principal and interest will be part of EMI. And EMi will be based on amount that disbursed from bank to builder. E.g for 2 lakh disbursement suppose EMI is 2000. Then interest will 1800 and principal will be 200.. waiting for more detail Reply
  113. 11 Feb 2014
    Hi harish, Please can you let me know whats the current rate going in skylark ithaca. How is thia property for self use and investment purpose Reply
    • 12 Feb 2014
      Hi Tinku, Current rate is Rs.3983 / Sft. Project is equally good for self use and investment purpose. Call - 9686321734 to know more on Skylark Ithaca.Bookings & Best Deals.
  114. 15 Feb 2014
    Hello Join https://groups.google.com/forum/#!forum/skylark-ithaca-bangalore Reply
    • 3 Mar 2014
      Add me to T7- 1803 CHITTARANAJN pradhan, Cpradhan01@gmail.com,
  115. 19 Feb 2014
    Hello Harish, Through a friend staying in Skylark Arcadia, I have heard negative reviews about skylark builder and skylark Ithaca. Skylark Ithaca is flouting many norms as per BBMP, do you confirm whether they have got all legal approvals. They have said that this is also in some kind of litigation. In the model house, cheap material quality for internal flooring, tiles, wiring is used. Also sales people does not have 100% clarity about the material which will be used and it is also not mentioned in the brochure. what do you say about this. Reply
    • 19 Feb 2014
      Hi Brijesh, Can you share all the negative reviews you learned from your friend in Arcadia? It would help us to decide on Ithaca. Thanks
    • 24 Feb 2014
      Hi Brijesh, Builder has received all the approvals.They are finalising the contractor. Construction work will start soon.
  116. 22 Feb 2014
    Anyone cancelled in skylark ithaca and received the booking amount back? Its been two months since i cancelled the flat in ithaca and i m yet to receive the refund. Worst CRM ever, every week they will tell that cheque is almost ready but is never ready. Dont know how to handle these people. Reply
  117. 4 Mar 2014
    I have booked 2790 penthouse house in T7. Still not sure, how it will work out. Planning to pay 10 % in a week time. Any -ve feedback? Reply
  118. 5 Mar 2014
    Hi Harish, Below is the -ve feedback which I read in Mouthshut.com. Few of the reviews looked like they're paid, but just to confirm with you, how is the builder ?http://www.mouthshut.com/product-reviews/Skylark-Mansions-Pvt-Ltd-Bangalore-reviews-925603757 Coz I've already booked a flat in skylark Ithaca, now reading these reviews makes me fearful of the future. Sales rep says they have got all the approvals from BDA, even from SBI & LIC as well. Now, I am skeptical about their promises and don't know what and how they will deliver all of these. Please suggest and help if you find these reviews fake. I've read most of the comments in this article and as per you, all looks good. But, still I wanted your opinion as its already launched and they've got some approvals as well. Can you share your views ? Thanks. Reply
    • 10 Mar 2014
      Hi Nitin, Its obvious that you get mixed opinion about any project / Builder. As far as i know, All the approvals are in place. Builder is finalising on the contractor to start the construction work.
    • 11 Mar 2014
      Hi Nitin, As Harsh said they looks to be good builder. but its your hard earned money. dont sign the agrrement till you get below clarification as i ssee ithaca is bit messdup project as per review comments 1. sbi approval 2. 18 m clearence from bda 3.quality of material which they going to use in construction 4. penaulty clause if noT completed in specified limit.
  119. 11 Mar 2014
    Hi Harish, Could you please share how the VAT and service Tax is calculated ? Whats is the formula ? Thanks Pawan Bhola Reply
    • 14 Mar 2014
      Hi Pawan, Normally a Builder can ask the buyer to go for the agreement in two ways A. composite sale agreement (Where you need to sign just one agreement) : for ST & VAT Calculation is as below Service Taxes : 1. 3.09% on Basic cost (rate/sqft * Flat Area ) ( Its is calculated as 12.36% on 25% of basic cost as govt. assumes that out of basic cost service part is just 25% , rest is land , material & labor cost ) 2. Full amount against of Amenities, KTPCL + BWSSB , , generator , power back up , Internal envelopment charges , External development charges, Prime location charges etc is charged at 12.36 % 3. Car parking doesn't attract any kind of Service TAX VAT: It is charged at 4 % rate on “full” amount paid to Builder (basic cost + “car park” + amenities + bescom + BWSSB + PLC….).....Normal VAT rate is 5% but in case of flat 20% of cost is assumed to be of Land..Which is not liable for VAT, so final VAT is just 4 % (5% * 80%) B. Dual agreement : The Other ways builder used is to ask Buyer to sign two different agreements known as Sale agreement ( for sale of Land ( Un Divided Share )) & Construction agreement ...Normally the ratio of cost of UDS & Construction is 50:50 ...but it could varies depending upon price of land i.e. location ...and there is no clear guideline by govt. Service Tax: Service Tax is paid at rate of 12.36% on 33 % of Construction agreement value (12.36% * 33%) .as Govt assumes that out of total construction cost, service part is just 33% ..Rest is matte rial and labor cost..So final rate of ST would be 4.12% on full construction amount / value VAT: VAT is to be paid on “full” construction agreement vale at a rate of 5 % Land sale agreement (UDS) doesn’t attract Service TAX & VAT, as it is just a transfer of owner ship ...not a service There is one point to be noted for every new buyer: if Builder has made two agreements 1. For land sale (UDS) and 2nd for construction ...then Service tax is "NOT" applicable on Land sale agreement ...So builder will pay ST only on construction agreement value which is in most case ~ 50% of total flat sale value. While most of the corrupt Builder charges the VAT & ST on whole sale vale ...but in actual they pay only on construction agreement value & save ~ 50% amount ....which in turn is a black amount for them So every buyer must ask for a clear tax statement on builder letter head & Xerox of receipts from builder while signing the agreement ….otherwise they will eat your hard earn money As a good practice do not talk anything about tax calculation in the starting …finalize the base price an get the cost break up on a paper …later just one day before of signing the agreement ask the builder to give the detailed tax statement and of course the total tax amount he is charging against of tax must be stated there , with builders VAT & SERVICE TAX “ TIN “ numbers ( TIN ; Tax identification Numbers ) For easy of understanding you can check the tax calculation used by reputed builders, as hirnandani , mantri , prestige , purva , shobha etc.
    • 28 Apr 2014
      HI Harish, Below caluse in skylark agreement making me to opt out and book 20% loss :-( could you please guide us....is this common with all other builders? 1.buyers to make extra payments for external & internal electrification & sanitary work? 2.buyers have to separately sign and execute declarations with BESCOM & BWSSB? 3.Possession for buyers will be after the builder obtains registered sale deed from land owners 4.Sale deed shall be done only through builders lawyer. 5.Builder will have perpetual rights across clubhouse,terrace,open areas. and if they want they can construct 2 more floors and buerys shoudn't object 6. contractor name is missing in agreement. Apart from all above neither sbi approval nor any private bank approvals yet?
    • 6 May 2014
      Hi Arun Gowda, Apart from Point No. 1 buyers to make extra payments for external & internal electrification & sanitary work. Rest all are common with 90 % of the builders and i guess Point 1. indicates that Extra Cost would be only for extra work like electric alterations of sanitary alterations.
  120. 28 Mar 2014
    hi, is the project has been approved by LIC/SBI... feeling scared to invest.... almost confirmed 3BHK..... can anybody guide...is it safer to invest. offering rate is 4183 10th floor.... Reply
    • 28 Mar 2014
      Safe to invest if below points are clarified 18m wide road is going to come as per bda plan and it will result in noise pullution..but in brochure its not mentioned shown as skylark property. They need to give relavent bda documents. If 18 m road is going to come in future its not worth...
    • 29 Mar 2014
      Which tower?
  121. 28 Mar 2014
    Same problem as with Gopal above..Spoke to the SBI folks..Dont think it is approved yet..Any ideas anybody ? Reply
  122. 31 Mar 2014
    hi..I tried but didn't get any reply from LIC... builder and advertisers are pushing me on private banks...this is new news on 18m road by BDA... is it passing through property?? Reply
  123. 31 Mar 2014
    hi harsh... please guide as invest in this property is safe... comparatively big project... and I seen rates are coming down....... looks lot of legal issues. Reply
    • 5 Apr 2014
      Hi Gopal, There are no legal issues involved with the project. You can consider this project for Investment.
    • 5 Apr 2014
      Hi all Thsi project is not worth till skylark team Shows sbi approval docs to make sure there are no legal issues and do underpass construction for 18m road which is divding phase 1 and phase2. Its yiur hard warned money be careful..
  124. 31 Mar 2014
    Any idea what is the percentage of booking done... they claim its 70% and by April rates are going to revise by 30Rs / Sqft. Reply
  125. 4 Apr 2014
    I am going to sign the agreement on 11th April. I have got the draft agreement copy and draft construction copy. it is 50 and 25 pages respectively. I am not sure what all I should check...can i go ahead and sign? Please help. Call me at 9845454969 if you all have any updates Reply
  126. 4 Apr 2014
    Hi, I am planning to transfer my unit ( 2BHK - 1011sqft, NE facing & balcony facing the pool). Please let me know if any body interested. I have booked the flat on last June @ Rs3540 per sqft ( current price is 4140). Thanks Reply
    • 5 Apr 2014
      Hi Varun, Plz call me at +91-9500061832 or mail me at ahindra.mishra@gmail.com.
    • 6 Apr 2014
      Planning to do the booking today. Interested in your 2BHK-1011sqft.
    • 5 Aug 2014
      I am interested..please contact me at siddharth.jyoti@gmail.com or 9739900731
  127. 23 Apr 2014
    Has anybody signed agreement? Reply
    • 25 Apr 2014
      no one has signed agreement yet...i am thinking to cancel my booking as there are many confusions in draft agreement for example 1.Name of the contractor, we dont want to sign the agrrement if you later decide some cheap contractor 2.SBI Approval letter 3.18 mtr road belong to BDA in future. But you still marketing with old brochure and fooling customer. please share the updated plan and mention the amneties which would last long in agreement. 4.Issues with clauses with respect to club house and cheap materials
  128. 30 Apr 2014
    I intend to sell out my flat in Ithaca. A 3 BHK (1484sq ft), on 15th floor, south,east & north opening flat.Booked at 3650/ sq ft in Nov, current price is 4140/ sq ft. Interested candidate can call me up at 9343133984. Reply
  129. 12 May 2014
    I intend to sell out my flat in Ithaca. A 2 BHK (1049 sq ft), on 5th floor, current price is 4140 per sq ft. only serious Interested candidate can call me up at 7795368650 Reply
    • 24 May 2014
      I am interested in this property but confused due to negative comments. Neha/Sachin you guys are selling due to personal reasons or there is some issue with the builder? Is this project approved by nationalized banks?
    • 12 Jun 2014
      As per my latest communication with skylark Management - L&T is now officially their contractor for Skylark Ithaca project. Also management has decided to increase Rs.150/sq.ft starting 15th of June-2014. o Project is legally cleared by SBI. SBI official Mr. Ramanatha Pai in specific & his contact no. is 97398 30562 / ramanathapain@yahoo.in
    • 31 Aug 2014
      Hi All, Can anyone pls let me know if the issue of 18m road going between phase 1 & 2 got clarified yet ? What is the source of this information or anyone has talked to builder on this? Thanks for your response in advance
  130. 29 May 2014
    Hi, I'm interested in selling my unit 1484 Sq Ft @ 16th floor booked @ 3950 Sq ft (including Floor rise of 320 Sq ft). Current going rate is 4K+ without Floor rise. I'm selling it as I've bought an Apartment for personal use and need funds. Intersted buyers can call me @ 9902518110. Reply
  131. 6 Jun 2014
    Sir , Let me first thank you for good work you are doing. I live in US and would like to buy 2-3 bhk . For now I am not too much into amenities and this apartment that I wish to own, will be used when I visit India once in 2-3 years. I looked around 2 properties . Canopy in Ram Murthy Nagar and Samruddhi off Hannur road. Do you have any idea/rating for these builders. Both said 1 year warranty on construction. I was expecting 10-15 years....looks like I am being unrealistic! Are there lot of fine print that I need to go through before signing on dotted line. Like one of these builder on being asked the 'Total figure' for apartment said basic cost is 57 add 10 lac to this for car parking, electricity, amenities comes to 67, now top of it is vat and sales tax comes to total of 77 lac. Is this realistic for 1155 sqft. apartment? When asked for explanation he says he will take care of vat and sales tax. Wonder why he would take loss of 10 lac. I would like to know your take on this. Thanks once again. Reply
    • 14 Jun 2014
      Hi thotspectra, VAT & Other charges are common with all the builders. Approx Other charges would be 20 - 30 % depending up on the Builders. Builders usually provide warranty only for 1 yr. we have not reviewed Canopy. So wont be able to comment. You can bank on Samruddhi.
  132. 15 Jun 2014
    Is the parking covered or uncovered? no mention of this thing.. also what brand of fittings they are going to use Reply
  133. 17 Jun 2014
    I was interested in this project but I inquired in March and I got a price list of Rs.3983 and it seemed out of my budget as I wanted a flat on the 17th floor but again when I was searching in June I got a price list of Rs.3933... What is the actual rate ? Reply
  134. RD
    19 Jun 2014
    Harish, Can you compare this project with Assetz Marq on whitefield main road? How is Skylark going to sell this project with 150 rs hike when Marq is selling for 4200, 4300 psft? Reply
    • 30 Jun 2014
      Hi RD, Units sold in Skylark Ithaca is more than 70 % and Builders will not go aggressive & Competitive in terms of pricing after selling 50 % of stock. Because they have 3 yrs time to sell the balance units and also its builders job to give appreciation to the investors.
  135. Anj
    23 Jun 2014
    Hi Harish , I am looking for a 2 BHK for investment purpose . what is better Skylark ittacha or Assetz Marq Reply
    • 30 Jun 2014
      Hi Anj, Assetz Marq would be ideal.
  136. 26 Jun 2014
    Hi Harish, Hare shreenivasa, I was looking for an apartment for Living/investment near KR Puram belt, So I have two options i.e Prestige Tranquility and Skylark Ithaka in my budget, Both of 2bhk fall on the same price but the completion of Ithaka would be around 2017 and completion of PT would be in an Year by 2015 mid or end. PT is on the highway belt and its little far from Whitefield, Also I would like to know which one among the two would appreciate better down the lane after 5 Years or so on... Prestige is on Resale and Ithaka is from the builder itself, PT is costing me 4000/sqrft for 1087 dimension 2bhk and Ithaka is also allmost on the same budget with 1010 dimension for the same price.. Please provide your inputs Harish, I am totally confused which one to Invest, Kindly let me know asap Reply
    • 17 Jul 2014
      Hi Vittal, Go for Skylark Ithaca. Reason being, Project is close to white field. Skylark will fetch better ROI when compared to Prestige Tranquility.
  137. 27 Jun 2014
    Hi harish can u pls advice for which one to go ahead between tranquility n ithaca ..asap....I m planning to invest immediately as I wil be goin out of station, if possible..do cal me on 9886232345 Reply
  138. 31 Jul 2014
    Hello Harish What are your views on Shriram Properties GreenField near prestige tranquility , Is that a good builder ? Is it a good investment ? Reply
  139. 31 Jul 2014
    Hi Harish Can you please tell me what is the current price of 2bhk with balcony in skylark ithika? Also please confirm all the approvals are in place and no dispute exists with land. Reply
    • 4 Sep 2014
      Hi Arunava All approvals are in place and no dispute with land..Please call 91-9686321734 for latest pricing, availability and booking details
  140. 5 Aug 2014
    please suggested me which property is best for investment : 1) Skylark ithaka 2)Shriram GreenField or Presige Lakeside habitat Reply
    • 4 Sep 2014
      Hi Siddjyoti You may consider Lakeside Habitat
  141. 8 Aug 2014
    Hi Harish, I never saw you a smaller project reviewing your more focused on the creamy project...is any reason? Please like look for more budget project...why can't you help us? I saw people asking about like Shriram Greenfield...i haven't heard anything. Reply
  142. 16 Aug 2014
    HI Harish, Is the price list attached here is most updated? Plz help to share the latest price plan & schedule. Thanks, Ashish Reply
    • 4 Sep 2014
      HI Ashish Please contact 9686321734 for latest pricing, availability and booking
  143. 27 Aug 2014
    Hi Harish, Mostly i see ppl interested in byuing property in pre launch offer as it costs less..I am also planning..what i think..if every body thinks like this n there are so many projects going on and will come, who will buy our property after 5-7 years? I mean there ll b problem in finding buyers? i read some report saying the no of buyers have decreased in few year n vacancy has incread. Though builders have not stoped building as pre launch flats get sold easliy so they are having good profit n looks lyke real estate busines is doing good..price is increasing. but what if we dont get buyer easily ? Reply
    • 5 Sep 2014
      Hi Rajni Projected Bangalore population growth is 1.5 cr by 2025-2030...At an average there is an addition of 1 -2 lac + people moving in every year, over and above the cosmo crowd. As per our experience, not everyone chose pre-launch. Clients look for Ready to move in, under construction or partially completed project. Hence, finding buyers will not et'll be a tough task. Subject to competitive pricing.
  144. 12 Sep 2014
    Dear Harish, In pre EMI scheme can i do like following. 1. Let sy i booked a flat for 60 lakh 2. 20% = 12 Lakh I can pay them instantly from my pocket and book the flat without any loan 3. 80% amount which will be loan amount , I will take when builder is giving possession . Is it possible. If not what is the technicality? I was going though older post and saw high tension wire, You haven't commented anything on this. Can you please help us on high tension wire issue, wont it be harmful to live near high tension wire field. Reply
    • 24 Sep 2014
      Mr Hrish, whats your say on this.. You escape real issue and never bother to answer.. Wont it be harmful to buy this property which is crossing across high tension wire. http://www.safespaceprotection.com/electrostress-from-power-lines.aspx http://www.straightdope.com/columns/read/2699/electrifying http://www.bcmj.org/bc-centre-disease-control/living-near-power-lines-bad-our-health http://www.bcmj.org/bc-centre-disease-control/living-near-power-lines-bad-our-health
    • 24 Sep 2014
      Hi Arun Your understanding is right on the Pre-Emi scheme, but on the 3rd point, Builder will take the disbursement from the bank by paying interest in your behalf. New 80: 20 scheme technicality is: Banks will disburse part payments to the builders, deducting the interest component upfront of the demanded amount based on the construction progress. For Ex: If builder demands 100 Rs and 5 Rs is the Pre-EMI amount, builder will get 95 Rs. The 5 Rs is equal to interest for till date possession. This will not effect anyways to you as builder would've committed Pre-EMI to customers. High tension wires upto 2500 FT away from the projects may not be a hazard as per medical standards, but it is recommended not to choose units which are close to High tension wires
  145. KK
    12 Sep 2014
    HI All/Harish, Just to bring to all of your notice that skylark is failed to provide few very important documents for property like BDA approval letter, Khata Document and SBI approval for legal verification. They claim that project is SBI approved by its not listed on SBI website, They claim that its BDA approved but when we ask for approval letter & Khata document then they don't pick your call or try to buy more time so that you get in agreement and finally you are in trap.These are three main documents to check the legality of the property. So if you are planing to buy in skylark ... just ask these documents before you put your hard earned money even for booking amount. Reply
  146. 17 Sep 2014
    Most Important thing to check in agreements- DO CHECK BEFORE SIGNING. ONCE SIGNED ; YOU ARE TRAPPED. The agreement wisely says that a buyer agrees that he has received all the "as on" status of property ownerships and approvals and fully understand it and accept it as on now status. Also there is no clarity given on completion of projects and buyer has agree with whatever builder is taking its time without any claim on payment made in case the project is not delivered on time. Along with the agreement, they do not provide any approval plans , title deeds etc. And as per the agreement you are liable o pay irrespective all risks associated. There is no proper progress in construction. the project may be delayed as much as by 2 years from estimated date seeing the progress now. I feel being trapped. Reply
    • 22 Sep 2014
      Hi Rethi, Can you please share your contact no or email id. I am planning to book 2bhk in skylark this weeknd. Pls give me info before that. My gmail id : rajni7687@gmail.com and no 9686570435 you can watsap me ur no! Thank u!!
    • 22 Sep 2014
      You could have requested those documents before signing the agreement. I got all the required documents. Get in touch with me if you need any further info.
  147. 27 Sep 2014
    Harish, can you recommend a good pre launch offer in whitefield. I line in Kolkata and want to invest in Bangalore near ITPB Whitefield. Thanks Reply
    • 13 Oct 2014
      Hi S Basu, Assetz Marq is under Pre-Launch. You Can Consider it. Call - 9886764643 to know more.
  148. 25 Oct 2014
    Hi Harish, I am planning to sign agreement in Skylark Ithaca what is your view, is there any possibility of delaying project by two more years as one of our boarder said. Reply
    • 29 Oct 2014
      Hi sreevathsava s, Based on current progress possibility of delay is positive but not for 2 yrs.
  149. 31 Oct 2014
    Hi Harish... As i observe there are only +ve talk by you on this project however please give 3 strong point with proper reason to go for it...will help alot in making decision Reply
    • 4 Nov 2014
      Hi Pritesh, 80:20 Scheme, Price & Legality.
    • 6 Nov 2014
      Hi Harish, Thanks for the 3 points. But with respect to legality it's not even 'A' Khata. I got to know this by verifying survey numbers . When I spoke on this with skylark and asked them to produce khata documnets they were not ok for it. Your opinion plzz
    • 20 Nov 2014
      Hi Hemanth, Project is A Khata Property. Banks would have not funded the project nor approved for Home loans...If it would have been B - Khata.
  150. 12 Nov 2014
    Hi harish, i am understanding about no pre emi till possession is builder will pay till the scheduled possession date/tentative and not on actual possession. suppose the skylark ithaca commit like march 2017 and not able to complete for say march 2018 then from march 2017 till date buyer has to pay the emi this is clear cut told to me by skylark people. Reply
    • 23 Nov 2014
      Hi Swapnil. no Pre emi is subject to Possession. So, Even if builder delays. Buyers are not suppose to pay the emi till possession.
  151. 18 Nov 2014
    Hi harish, I do not know how you arrived at conclusion on builders credibility. SO far they have not kept up any of their commitments about payment nor constructions. I am the sufferer, your post and review once helped to book a flat there. Now I wish I never landed here. Skylark has taken a huge amount of money from me telling that the Payment will be collected as the construction proceeds. I have never opted for loan. Now no construction has proceeded and they are demanding money for 3 floor stage. yet even Footing ahs not been completed. When denied, They have blocked my money and forcefully cancelled it. How can you call such a goon a reliable builder. Pls be sure with your opinion. Many people like me will be fooled and pained due to not showing the reality of this builder to them. Anybody wants to know my case and review and veify my comments, mail me and even can talk to me. Sheetal.107@gmail.com Reply
    • 26 Nov 2014
      Hi Sheetalgoel, As far as i know, Builder was offering Pre- emi scheme payment plan, Construction liked payment plan and Time based payment plan. I dont understand what made you to choose time bound payment plan when Construction linked payment plan was available. Besides, Considering current construction progress and builder credibility...Banks are also releasing the funds to builders of those customers who has opted for time bound payment plan & Pre - EMI payment plan.
  152. 20 Nov 2014
    Any prospective buyer or Associated with SKYLARK: Kindly be doubly sure what are you purchasing. The unit no (T4-1101) which I had blocked in May 2014 is under dispute now. Skylark is holding all my payments made so far with them unreasonable, and even without settling my dues/concerns- threatening me to sell the unit to any other buyer. They are demanding more money for further stages of contruction;against the agreed Payment plan, and threatening to forcefully cancel the unit. I will ideally want to get rid of this builder and will never consider any SKYLARK or even minutely related real estate options to skylark in future for investment. However since my fund is stuck with them, I am forced to fight in court. If they try to sell the above said unit, you will be in trap by them again. We have done several real statement dealings in bangalore since 2004, but have never come across such an unethical builder. Everything from marketing to development stages is a big goof up. I felt ashamed of myself for doing a mistake of investing here, when I saw their another project constructed few years back in east Bangalore. I can only get scary view of Bad quality that one will face once they occupy the projects. Few things which made me form this opinion- 1. Sales people to CRM- bunch of liers and unprofessional people.What one has said, second is not aware of the same facts, and when the one who sold you has left the company, you are mercy of CRM, who start completely different rules and avoid you as much as possible. 2. Management- NEVER comes face to face and few wrongly DRILLED AND TRAINED staff handles everything. 3. If gone with serious grievance, Freshers/ staff( Not any management person) will handle you, listen to you and offer you unreasonable options. 4. if not agreed, they will also update you how big builder and premium image they have and how highly paid lawyers are already there, whom we as an individual cant fight with and have slim chances to win. 5. Ulsoor office-visit once and decide for yourselves. A builder who claims to have so many projects so far- NONE OF THEM COMPLETED IN TIME, can have lousy office where they dont even allow to talk to you at reception and prefer a sound proof room inside to hold any discussion. I have never seen any happy face in that office in my several visits in past year. Somebody needs to take a call on this issues, and put time and effort to show the reality behind these LOOT. Now I realize that somebody has to me itself. So I am fighting with these goons. Be updated and write to me or share your experiences on this platform, where the right picture of this builder can be displayed to investors. Thank You Sheetal. Reply
  153. 23 Nov 2014
    Dear Harish, I am looking forward to comments from you on real time issues the investors are facing.I am watching this project for more than 8 months. I had plans to buy by Dec 2014. But after interacting with few buyers, actually "trapped people' decided against it. I have visited site few times. there was no noticeable progress. sheethals case is wide eye opener. i also have emails stating the construction linked plan but no stage is achieved as stated in that plan . now just because they have launched it and awareness is more, they are cancelling units which were booked before launch and offering to new buyers who agree their terms. So it is like they took money from people when they were starting project,by offering construction linked plan. So they actually owe them thanks since with such investors money was obviously being used for skylarks benefit. Now they are cancelling their units forcefully and offering to new buyers who will pay them more. people who invested are ready to exit itself shows that project is not worth as marketed.also if they are cancelling earlier booked flats because they want term linked plan customers,they should refund the money with appreciation or interest to the initial investors. they are doing none. Imagine pain of an investor who paid in lacks to them a year before and now they are deducting 20% of that amount and refunding rest without flat, without returns. who offers builders such rights to betray the investors. how do you rate such builders? Many people like me with little knowledge of builders background land on block of your kinds. it is your responsibility to offer unbiased opinion. Reply

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