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

[map width=”590″ height=”365″ lat=”13.01267″ long=”77.733751″ zoom=”15″ type=”map1″ address=”” title=””]

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

Regular Option

Skylark Ithaca

Plus Point

  • Location
  • Good For Investment
  • Share Your Views ( Use Comment Box )

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.

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Summary
Project Name
Skylark Ithaca
Published On
Average Rating
4.5 Based on 6 Review(s)
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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, Etc. After serving to multiple real estate firms, Harish identifies that; there is a huge gap in addressing homebuyer’s quires, consulting to home buyers & a Market Place for Property Seekers. So, as a Team He decided to start of New Venture - Homz N Space in the year 2011 along with his friends who has similar work experience & with the same vision. Today, as a company, We are proud that, we are the most trusted real estate platform of Bangalore for Home Seekers & we posses Highest number of User Reviews along with live discussions. We are Handling 100 + Real Estate Investors portfolios & We have Helped 1000 + Home Buyers to identify their Dream Home though our consulting Model at free of cost. We have been recognised as most active Marketplace & Channel Partner for Top Builders of Bangalore to showcase their projects on this forum. Google

Share Your Views & Concerns About this Project

317 Comments on "Skylark Ithaca | Whitefield | Reviews | Price | Bookings Open ✓"

avatar

madhu
Contributor
madhu
June 8, 2013 11:56 AM

is the project and builder safe to invest on? never heard of the builder?

nk
Contributor
nk
June 17, 2013 6:39 PM

very nice and comprehensive detail about the project. Thank you very much Harish.

Haritha
Contributor
Haritha
June 18, 2013 6:38 PM

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?

vivek
Contributor
vivek
April 10, 2014 2:44 PM

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..

Sambhav
Contributor
Sambhav
June 22, 2013 4:25 PM

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.

ruchi
Contributor
ruchi
June 23, 2013 6:23 PM

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

Sambhav
Contributor
Sambhav
July 1, 2013 5:03 PM

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 ..

Priyanka
Contributor
Priyanka
June 24, 2013 10:54 AM

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.

Susmita
Contributor
Susmita
June 25, 2013 1:16 AM

Hi, when is the construction expected to start? Also, how do you rate the position and location of the project?

Atul
Contributor
Atul
June 26, 2013 11:53 PM

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 🙂 ?

Sani
Contributor
Sani
June 29, 2013 11:44 AM

Hi Harish,
What is the upside you see for this project by the time of possession. Just a rough estimate.
Thanks,
Sani

ayush
Contributor
ayush
July 22, 2013 12:54 PM

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.

subhas
Contributor
subhas
June 29, 2013 7:54 PM

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??

Sambhav
Contributor
Sambhav
July 1, 2013 4:57 PM

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.

Ajay R
Contributor
Ajay R
July 1, 2013 10:52 PM

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.

Manoj
Contributor
Manoj
July 2, 2013 5:23 PM

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

sunil
Contributor
sunil
July 7, 2013 1:01 AM

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…..!!

Debprotim
Contributor
Debprotim
July 7, 2013 2:47 AM

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

AM
Contributor
AM
July 8, 2013 5:14 PM
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… Read more »
Srinivas
Contributor
Srinivas
July 12, 2013 10:02 PM

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

Alpesh
Contributor
Alpesh
July 17, 2013 7:43 AM

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

Alpesh
Contributor
Alpesh
July 22, 2013 4:22 PM

Thanks Harish. May i know which one is best for self use and investment both in skylark ithacha 3bhk or penthouse??

Sangram
Contributor
Sangram
July 17, 2013 3:36 PM
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… Read more »
BPS
Contributor
BPS
July 21, 2013 6:17 PM

Hi Harish
I like to know skylark project in whitefield is good investment ?

Prakash
Contributor
Prakash
July 20, 2013 10:32 PM

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

Prakash
Contributor
Prakash
July 24, 2013 8:11 AM

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.

Prakash
Contributor
Prakash
July 20, 2013 10:35 PM

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?

John
Contributor
John
July 22, 2013 8:34 AM

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?

naveen
Contributor
naveen
July 22, 2013 11:16 PM

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.

Sudha
Contributor
Sudha
July 23, 2013 4:48 AM

Between Skylarc Ithaca and Brigade Golden Triangle which one is a better option?

naveen
Contributor
naveen
July 23, 2013 9:37 PM

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.

Gopal
Contributor
Gopal
July 24, 2013 3:11 PM

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 ..

Gopal
Contributor
Gopal
July 24, 2013 10:10 PM

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

Phani
Contributor
Phani
July 25, 2013 11:52 PM

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.

RAHUL
Contributor
RAHUL
July 28, 2013 10:43 AM

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

Rahul
Contributor
Rahul
July 28, 2013 12:38 PM

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.

Rahul
Contributor
Rahul
July 29, 2013 8:35 PM

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

Rahul
Contributor
Rahul
July 30, 2013 7:33 PM

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?

puja
Contributor
puja
July 31, 2013 11:13 AM

Hi!!! Harish ,
plz tell me about pre emi option clearly…..

Prakash
Contributor
Prakash
August 2, 2013 7:05 PM
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… Read more »
RAHUL
Contributor
RAHUL
August 1, 2013 7:07 PM

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

Sheetal
Contributor
Sheetal
August 3, 2013 5:17 PM

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)

Akshay
Contributor
Akshay
August 7, 2013 2:54 PM

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?

Vikas
Contributor
Vikas
August 9, 2013 6:58 PM

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 ?

shashi
Contributor
shashi
September 28, 2013 3:45 AM

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.

SARBS
Contributor
SARBS
August 12, 2013 5:43 AM

What is the current base price now…can any body let me know…..

MK
Contributor
MK
August 12, 2013 2:47 PM
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… Read more »
Bops
Contributor
Bops
August 13, 2013 2:28 PM

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

kankana
Contributor
kankana
August 14, 2013 11:59 AM

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.

RAHUL
Contributor
RAHUL
August 15, 2013 10:15 AM

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

kankana
Contributor
kankana
August 15, 2013 1:08 PM

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

SHIV
Contributor
SHIV
August 19, 2013 1:20 PM

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

Rekha
Contributor
Rekha
August 20, 2013 10:23 AM

DO you think there will be water scarcity in prestige fern?
How is water availability in Haralur road in general?

Geeta
Contributor
Geeta
August 21, 2013 3:40 PM

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.

RAHUL KUMAR .
Contributor
RAHUL KUMAR .
September 2, 2013 8:06 PM

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

kankana
Contributor
kankana
September 3, 2013 6:18 PM

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.

RAHUL
Contributor
RAHUL
September 3, 2013 5:44 PM

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?

Rahul
Contributor
Rahul
September 3, 2013 8:11 PM

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

kankana
Contributor
kankana
September 4, 2013 8:36 AM

Hi harsha,

Can you tell me which project is good DLF my town in Ecity and Skylark Ethaka in long run

Akshay
Contributor
Akshay
September 4, 2013 2:22 PM

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?

Rahul
Contributor
Rahul
September 4, 2013 2:31 PM

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

Padma
Contributor
Padma
September 9, 2013 8:45 AM

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

Marvin
Contributor
Marvin
September 10, 2013 10:08 PM

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

Rahul
Contributor
Rahul
September 10, 2013 8:43 PM

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.

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