More about Assetz Marq
Assetz Marq is a brand new residential apartment project by Assetz Homes in the rapidly expanding neighborhood of Whitefield, Bangalore.
Built on a sprawling 28 acres of land by renowned Shapoorji Pallonji Group, designed by award-winning Australian architect, Ross Bonthorne, Marq provides 75% wide open spaces. The design of the project is such that the building is staggered, bringing ample light into every apartment.
Located next to the epicenter of Bangalore IT business, is just 10 min drive from ITPL. Cocooned in greenery and with amenities of every kind, Marq is the perfect antidote for your work life. Remember, there lies a social life beyond tweets and posts.
The builder is guaranteed to bring a quality living experience to the community of Whitefield with brilliant architecture and equivalent lifestyle in Assetz Marq.
Assetz Marq Location has excellent connectivity & it is located at the heart of Whitefield.
Amenities at Assetz Marq include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children’s play area, party hall, and meticulously planned with utmost importance to state-of-the-art 24/7 securities.
Assetz Marq 3.0 Reviews, Address and Availability
Assetz Marq 3.0 address: SyNo: 159/1, 159/2, 160/1 Kannamangala Village, Whitefield – Hoskote Rd, Ardendale, Kannamangala, Bengaluru, Karnataka 560067.
For an honest review, see the pros and cons in Assetz Marq 3.0 Reviews and Expert Opinions below, covering location, connectivity, pricing and what is still developing nearby.
Is Assetz Marq 3.0 still available?
Assetz Marq 3.0 is sold out from the builder, so new units are no longer available directly. Fill the enquiry form on this page and our team will suggest similar new projects nearby, with current prices and offers.
Looking for a new home near Whitefield instead? These projects are available now: Sumadhura Belfort (Soukya Road, 2, 2.5 and 3 BHK from Rs. 1.38 Cr); Sobha One World (Greater Whitefield, Hoskote, 1, 2, 3 and 4 BHK from Rs. 1.12 Cr); Ramky Fortuna (Whitefield, 1, 2, 2.5 and 3 BHK from Rs. 84 L); Sumadhura Solace (Whitefield, 3 and 4 BHK from Rs. 2.87 Cr).
Assetz Marq Configuration
| Unit Type | Size in Sq.Ft |
| 3 BHK 2T | 1377 |
| 3 BHK 3T | 1630 |
| 3 BHK 3T | 1937 |
| 4 BHK 4T | 2275 |
This Project Is Sold Out
There are NO UNITS AVAILABLE directly from the builder for this project. Let us find you other Available projects just like this one.
Location of Assetz Marq
SyNo: 159/1, 159/2, 160/1 Kannamangala Village, Whitefield - Hoskote Rd, Ardendale, Kannamangala, Bengaluru, Karnataka 560067
Open in Google Maps- 4.9kmto ITPL, Whitefield
- 9.8kmto KR Puram Railway Station
- 15.3kmto Manyata Tech Park
More about the location
Assetz Marq is in Whitefield, East Bangalore, on Whitefield–Kadugodi Road. ITPL, Whitefield is about 4.9 km, KR Puram Railway Station is about 9.8 km, Manyata Tech Park is about 15.3 km and Kempegowda Airport is about 20.3 km away, measured in a straight line. The nearest Namma Metro line is the operational Purple Line, about 3.2 km from the project.
Distances are straight-line from the project’s mapped location. Drive time is longer and depends on route and traffic, so check the commute from your own starting point in Google Maps.
Master Plan & Floor Plans - Assetz Marq
Assetz Marq Specifications
Structure
- RCC framed structure Building.
- Concrete Solid Block Masonry (Int & Ext) - 200MM Exterior walls, 100MM Interior walls.
Flooring
- Marble flooring in the Foyer, Living, Dining, Corridors and all Bedrooms.
- Anti-skid Ceramic Tiles in Balconies.
Doors
- Main Door - 8 Feet High Opening with Pre-Moulded Flush Shutter & Frame in Wood and Polish on Both Sides.
- Internal Doors - 7 Feet High Opening with Wooden Frames and Flush Shutters.
- External Doors - UPVC Frames and Sliding Shutters.
Plumbing and Sanitary
- All Toilets will have EWCs and Chrome Plated Fittings.
- Chrome Plated Tap with Shower Mixer.
- Granite Counter with Ceramic Wash Basin in the Master Toilet and Pedestal Wash Basins in Other Toilets.
- Rainwater Harvesting drain pipes included.
Security
- Suitable Size and Capacity Passenger and Service Lifts in Every Block.
- Round the clock security with intercom facility.
- CCTV Camera at all vantage points.
Electrical
- Grid Power from BESCOM for each home.
- Modular switches of reputed make.
- Copper electrical wiring all throughout via concealed conduits.
- 100% Power backup for elevators, common areas & pumps.
Assetz Marq Amenities
- Gymnasium
- Clubhouse
- Swimming Pool
- Games Room
- Basketball Court
- Jogging Track
- Outdoor Courts
- Table Tennis
- Landscaped Gardens
- Kids Play Area
- Spa, Sauna
- Amphitheater
Assetz Marq 3.0 Price
| Unit Type | Size in Sq.ft | Approx. All Inclusive Price |
|---|---|---|
| 3 BHK 2T | 1377 | Rs. 1.47 Crore Onwards |
| 3 BHK 3T | 1630 | Rs. 1.73 Crore Onwards |
| 3 BHK 3T | 1937 | Rs. 2.03 Crore Onwards |
| 4 BHK 4T | 2275 | Rs. 2.38 Crore Onwards |
There are no units available directly from the builder for this project.
Let us find you other available projects just like this one - or notify you if inventory reopens.
Assetz Marq Reviews and Expert Opinions
- Assetz Marq is a mixed development project consisting of massive residential enclave and commercial spaces.
- Close proximity to various IT Parks, business centers and workplaces in and around the Whitefield area.
- The area is very fast developing with multiple projects coming up in & around the location.
- Project is very Vaastu-compliant and has North, East and West facing units.
- Traffic Bottlenecks during peak hours while accessing various other parts of the city across major roads.
- Civic amenities are still developing in and around the project’s vicinity.
Assetz Marq vs Nearby Projects
How Assetz Marq compares with similarly priced projects nearby. Prices are approximate all-inclusive starting prices.
| Detail |  Assetz MarqThis project |  DSR Evoq |  Pavani Mirabilia |
|---|---|---|---|
| Starting price | ₹1.47 Cr onwards | ₹1.46 Cr onwards (better) | ₹1.51 Cr onwards |
| Price range | ₹1.47 Cr to ₹2.38 Cr | ₹1.46 Cr to ₹2.81 Cr | ₹1.51 Cr to ₹3.48 Cr |
| Configuration | 3 and 4 BHK | 2, 3 and 4 BHK | 2, 3 and 4 BHK |
| Possession | Nov 2025 Onwards (better) | Dec 2029 Onwards | Dec 2025 Onwards |
| Land area | 22 Acres (better) | 7.8 Acres | 15 Acres |
| Units | 1700 Units | 725 Units | 1940 Units |
| Towers | 2 Towers, (Phase 3) B+2G+27 Floors | 3 Towers, 2B+G+30 Floors | 10 Blocks, 2B+20 Floors |
| Builder | Assetz Properties | DSR Infrastructure Pvt. Ltd | Pavani Group |
| Location | Kannamangala, Whitefield | Hope Farm, Whitefield | Whitefield, Seegehalli |
| Status | Sold out | Available (better) | Available (better) |
Better on this point: lower starting price, more land, earlier possession, RERA listed or available.
More projects near Whitefield
- Provident BotanicoSoukya Road · 2 and 3 BHK · from ₹1.25 Cr
- Vaswani StarlightECC Road · 3 and 4 BHK · from ₹2.81 Cr
- SBR MinaraSeegehalli · 2, 3 and 3.5 BHK · from ₹93.3 L
- Sowparnika EuphoriaWhitefield · 1, 2 and 3 BHK · from ₹42 L
More about the Builder - Assetz Properties
Founded in 2006, Assetz Property Group is a front-runner among multinational developers in India with over 10 million square feet under development. Assetz, headquartered in Singapore, is a multi-faceted real estate development and asset management company with four business verticals: Commercial, Residential, Warehousing and Fund Management.
Assetz has built two world-class IT tech parks in Bangalore: Vrindavan Tech Village (now Embassy Tech Village) – India’s first Platinum LEED certified IT SEZ, and Global Technology Park. And, its residential portfolio includes ten projects in prominent locations across Bangalore. The Assetz Fund Management vertical is a leading performer in the real estate fund management industry generating high alpha returns for its investors compared to its peers.
Assetz is a preferred partner of private equity funds completing more than 10 private equity investments and delivering nine exits to date. A stellar track record has earned Assetz a reputation for professionalism and for challenging conventions through innovation. The company is on an upward growth trajectory and is one of the fastest growing real estate developers in the country.
Ongoing9 Projects |
Upcoming1 Projects |
Completed5 Projects |
How to Book this Property?
Our Representative will give you a call to understand your requirement and share the complete information of the property like: latest availability, Floor plans, Detailed pricing, Payment Schedule, etc. and help you in knowing the property better. We will schedule the site visits for inspection and help you in choosing the right unit based on your requirement. We also assist you in booking formalities and make sure we negotiate and get you the best deal from the developer. Professional Guidance to ensure Hassle-free paperwork while filling the Legal Documents. Make sure you carry the following documents to complete the Booking Formalities: You will be receiving an email confirmation regarding your booking from the Builder, followed by Allotment letter. There after CRM team will take it forward to keep you informed on project status and property registrations.
Fill the Enquiry Form
Professional Assistance
Booking Formalities
Booking Confirmation
Frequently Asked Questions (FAQs)
What is the price of a 3 BHK apartment in Assetz Marq?
The price of a 3 BHK home starts from Rs. 1.20 Crore Rupees onwards.
What are all the Special Discounts or Offers available for this project?
Exclusive Group Buy Offer, Seasonal Schemes & Deals available ONLY through Homz N Space for special offers and deals. CALL 9590144144
Where is Assetz Marq located in East Bangalore?
The Apartment project is located in Kannamangala area just off Whitefield Road. It is located right in between Old Madras Road - Whitefield and is a very well developed area.
What is the possession date of Assetz Marq?
The possession timeline for Assetz Marq is Nov 2025 Onwards, as per the latest project details. Ask us for the current construction status and the builder's latest handover schedule.
Is Assetz Properties a good builder?
Assetz Properties has 3 projects listed on Homz N Space in Bangalore, including Assetz Bloom & Dell and Assetz Marq 3.0. See More about the Builder on this page for their background, and ask our team about their delivery record and customer feedback before you book.
Hi Sir, Can you share about the price appreciation for Marq 3.0? I heard that the price is not appreciating for Assetz marq units, not sure about the reasons though. Any ideas on approx per sq/ft price for this would also help
Hi Ravi Agarwal,
As fas as i know, Price for Marq 3.0 has been appreciated from Rs.6,500/Sq.ft to Rs.7,750/Sq.ft in the month of Oct 2022 and recently its been further appreciated to Rs.7,999/sq.ft.
I was planning to buy here but after checking with few friends staying in Asset east point drooped the idea of even entertaining their calls.Some of the issues are Seepage,change in overall layout without owners consent,Bad planning and execution due yo which many amenities are rendered not usable.Land litigation.
@Harsha how is ROI calculated for properties with such issues?
Also for most properties you have mentioned ROI of 6-7% but then as the projects starts getting old does it still hold true?There may be few exceptions but in general
Hi Nikhil Agarwal,
Seepage near bathroom walls or near balconies are quite common across all the projects and it will be fixed by maintenance team. ROI is calculated purely based on location, economic & demand factor. As far as i know, Assetz East Point is fetching decent rental returns(5% P.A) & good capital appreciation(More than 50% since handover). I have mentioned 6-7% growth rate based on past economic factors & this is expected to raise to 8-9% from next year due to surge in demand. Based on my studies, i have observed that there is an standard appreciation of 5-6% YOY even for projects which are old (Building which are more than 10Yrs Old).
Hi Harish. Need your expert advise. I visited Assetz marq few days back and considering it for end use. However, with so many issues with their East Point project and delays in Marq as well, it’s becoming difficult to consider Marq project. Do you think w.r.t to construction its a good buy and worth the risk? Thanks.
Hi Neha Ghosh,
Yes, it’s been delayed from the actual completion date given; however, since RERA came into an existence seems issues might get clear on the completion date., The mentioned completion date as per RERA – Dec 2018 (Rera No. PRM/KA/RERA/1251/446/PR/171016/000973)
Construction quality is worth the value being proposed
Thanks Harish for your prompt reply.
Book together.Pay the group price.
Developers give wholesale and group booking discounts when buyers come together. Homz N Space helps you join that group for this project.
Reach us firstWe can only help if you contact us before booking, by the enquiry form or by phone. It is difficult to include you after booking, or if your enquiry is posted on many websites, as the developer's group scheme follows a set process.
Also Karnataka rera website is not a good help. Not any information available except project no.
Hello harish, plz help me. I want to buy apparent in good project, my budget is around 60. Kindly suggest, shall I stretch my budget and go for this or buy sumadhura Eden garden. I want to avoid loan as much as possible. So need 2 to 3 years window to gather the rest of the amount. Is any better prelaunch or phase 2 will be available soon? Thanks in advance. Looking for Whitefield only.
Hi Tamisra,
Asset Marq would be the good decision to go with because Eden garden project from sumadhura is pending from a long time and the status is not known yet, moreover, when compared between these two, Asset marq gives the weightage on construction quality and location.
Also, Habitat Eden Heights can be looked upon if you can stretch your investment budget.
Thanks a lot , for your prompt reply. How you compare between urban forest and assetz marq? Thanks again
Hi Tamsira,
If compared between these two then planning wise and space utilization alchemy urban forest is good and also they are retaining the greenery portion, only project size is small compared to asset marq
Hello harish
Need your valuable input for considering the better project for end use and also in case of need i can sell it with relative ease.
I am confused between goyal orchids whitefield and assetz marq.
Also i read in anoter thread of goyal whitefiled , that there is one graveyard besides this property, is it true ??
In advance a big thank you
Rajeev
Hi Rajeev,
Orchid whitfield would be good option to go with because of its location advantage; the graveyard is in smaller area on the rightside corner of the project and seems belongs to ancestral family of their landlord and not the public one. we don’t think this could matters much.
I was very pleased with how I was dealt with while buying the apartment, however, since then the service along with the progress of the project have significantly deteriorated over the last year. I was promised that I will be handed over the apartment latest by Oct 2017, however now the anticipated date of handover is April 2017 and the CRM folks do not seem very confident about April 2017 either. I was not informed of the delay until I enquired in Sep as I had planned my trip to India in Sep 2017 to commence furnishing of the place.
There appears to be significant change in the overall plan that I was presented a year ago e.g. integrated facility area was 28 acres, which is now reduced to 22 acres. The CRM folks do not agree to the change despite the fact that I showed them their marketing material showing 28 acres. They say the shopping area development belongs to another company and can’t be shown as part of the overall plan; if that included it would make the area 28 acre but according to RERA rule they can not show it. They have also removed the model of facility from display and I was told they are redoing the model but I am not given the reason for that.
Regarding the delay in the project, I heard Shaporji Pallonji had stopped working on the project. Their CRM team however mentioned ASSETZ had some cashflow issue, which slowed the project however the work is now re-commenced at full pace and by the same construction company. Quite frankly, it’s becoming frustrating due to the lack of consistent and reliable information.
I do hope to hear from other members about any new information/ experiences regarding Assetz Marq.
Hi Harish,
I have recently visited this project and i’m very keen on this project. I have earlier shortlisted Alembic Urban Forest, however, i’m little uncertain about their project completion, they say its Feb 2018 with another 4 months for amenities which i doubt will further extend. Hence, thought of going ahead with assetz marq, also because of the brand value. I’m a little specific about vastu too and noticed that the 2 bhk that i’m interested for my preferred house facing direction does not comply to vastu. That leaves me with Urban forest, but i’m a little reluctant to finalise on this, as I don’t see the confidence in the Alembic to complete the project by Feb 2018. They sound very dicey when i interact with them.
Do you suggest Urban Forest is still a good choice ?
Hi Rama,
As per the RERA coming in to picture, seems all your concerns will be resolved because all the specific details should be provided to RERA body from the builder just check with rera compliance with this project
Hi Harish,
i am interested in the assetz Marq. can you tell me what is the current price in this project?
my budget is around 70-75L is there any good options available apart from this.
Hi Dhaval,
The current base price is Rs. 4800 psft, other projects to be considered are ithaca, casa grande hoodi
After visiting this side, i don’t think there will be doubt for investing. This is an great opportunity for all of us.
Sir,
I stay in abudhabi. I have decided to buy a 2 bhk in assetz marq. What is your view on marq as an investment?
Hi Nizvin,
The location & concept of the project is good, you can consider in buying, but we suggest you to do due diligence and know all the requisite information before hand by consulting with your lawyer and goahead.
After visiting this project i so thrilled and there is no doubt of investing in this one as they offers iconic residential apartments that provide a panoramic view of the city and spectacular views of the surrounding exuberant landscaped gardens
Hi Sachin ,
What was the price quoted ?
I recently visited the site and as per my knowledge the builder has all the approvals and legal documents in place. Its the best projects in this class. The project is simply great and the customer service and staff courtesy is simply amazing. Belive it I have tried other builders but Assetz is simply the best among its class.
HI Harish,
Can you pl give some idea on this two issues:
1. Rental return of Assetz Marq 2 BHK.
2. Whether the proposed Peripheral Ring road at Kannamangala infringes this project?
Thanks and Regards
Nilabhra
Hi Nilabhra,
Once after completion the rental of Rs. 20000-25000 can be expected for 2 bhk
As far as we know the proposed PRR is not affected and as per the proposed map the PRR is way away from this project.
Hello Harish,
I have narrow down to two projects one is Goyal and Co orchid whitefield and Assetz marq..
Can you help in deciding which project will have better ROI in the future and also considering the reputation of the builder and its quality.I have attracted more into the Goyal and co due to its location and availability of 2.5 BHK( which is little stretching in my budget). Recently I got a call from assetz Marq with good offer for 2 BHK which is comfortable with my budget. So I am in dilemma which one to choose.Is investing in 2.5 BHK better than 2 bhk for the future.
Please suggest as you have been always a good mentor….
Hi Benu,
Both are good projects; but considering your unit size we would recommend to opt for 2.5 BHK or 3 BHK if you are looking for end use(self Use) because in the long run necessity arises from 2 to 3 BHK. And If it is for investment purpose then you can opt assetz marq because of its offer going on.
In Lumos project Assetz took money from buyers for double parking back to back and now providing Mechanical parking one above another, clear unprofessional-ism. They gave part of land in East Point to Other developer to construct road without asking buyer and shamelessly went ahead when buyers found out and objected. They messed up both their projects which are relatively small in size. Do not blindly trust them to deliver big project like Marq.
Hi.
I was interested in a property at Whitefield. How do you compare Sobha Avenue and Assetz Marq
I think sobha avenue is better option because of brand advantage
Hi Harish,
I am looking for 2 BHK (Budget 1 CR) in upcoming project till 2018.
Location: NON IT AREA like whitefield, Sarjapur, Electronic city (Looking in Koramangala / towards city). Pls suggest.
Hi Aksh,
We suggest you to look at Raheja Pebble Bay at Koramangala as it is in prelaunch stage and the prices are expected to increase soon. Please talk to our team at 9590144144 for good preference of unit, booking process and for regular updates on the same.
Hi Harish, I am looking for 2BHK in Assetz Marq. Could you please share you feedback to buy at price around Rs.5000/sqft with offer Pay 4 Lacs now and remaining at the time of procession. Do you see any hidden costs, terms and conditions. I compared 10th Floor Grand Total price(excluding Stamp duty and registration cost) Marq~6400/sqft with Bartiya City~5900/sqft. What do you suggest ?
Hi Jagadish,
If you are looking for investment, We suggest you to consider Bharitya City as it yields good returns when compared
Hi
We r planning to buy an apartment in Spectra Palmwoods …could u please give ur expert opinion on the project..considering its location ,pricing and efficiency of the builder. .
I am planning to book a flat at 13th floor(12A). Will i face any issue for rasale in future just because floor no is 13th.
I am planning to buy sobha avenue, good for investment purpose as well as end use.
Hi i am planning to buy either 2bhk apt in sobha dream series/assetz 63 degree or 3bhk villa in mana foliage for my own living purpose. Which project will be good any suggestion?
Hi Saket,
Buying villa instead of apartment is anytime better decision. We have not reviewed mana foliage, I suggest you to check the legalities before proceeding. If case, if you want to opt apartment, then, i suggest you to consider Sobha Dream Acres
Assetz has further delayed their East Point Project delivery date to its owners.
They have been committing June 2016 as the possession date, and couple of days back the news came as a surprise. Until last week CRM team has been committing that the project was on track and it would be delivered by June end. They have now further pushed the dates to October 2016. They have removed the June date which was shown as AD on their East Point websites. Looking at the construction site, even Oct could be a false promise. New buyers should look at the final product at Assetz East Point to know the quality, project delivery lines, commitment from the builder before taking up any apartments from them in Marq , 63degree east etc.
hi, anyone purchased sobha avenue ?Also can anyone of you guys help me with the status of this project ?
sir, I am interested in Sobha avenue, I wanted to know what is is the loaded factor for this project, for example they are showing 1536 sqft of 3 bhk, this is salable area, but actual how much sq ft of area I will get, 1536 or less ? also I wanted know the details of vat,sales tax nd maintenance cost ? Reply
My concern was for the other phases 2 , 3 and 4 as the builder has not given any commitment on when construction will start or will he construct as well. Current time he says all phases will be constructed and completed by 2021.
Is it worth considering this project keeping just phase 1
Hi Harish,
The plan is I understand for all phases to complete is 2021… I am not sure even if they have applied for approvals . Is it worth the risk do advice ….if not any other option
Hi Kiran,
Builder has received sanction & NOC’s like 1) Village Panchayat NOC
2. Pollution Control Board NOC
3. Airport Authority of India NOC
4. Karnataka Ground Water Authority Permission for Digging Borewell Drill
5. Ministry of Environment & Forest NOC
6. Bangalore Electricity Supply Company Limited NOC
7. Karnataka Power Transmission Corporation Limited
8. BDA Letter for Relinquishment & Deed
9. Fire NOC
10. BDA – Development Plan Approval by Town Planning Member
11. BDA – Development Plan Approval by Commissioner
12. BDA Demand Note for Building License
13. BDA Building Sanction Plan
So, Need not to worry.
Hello Harsha / everyone else
I am considering to buy a 3BHK in either Assetz Marq or Brigade Golden Triangle. The price is almost the same. I hear the maintenance is on a higher side in Marq, but the amenities are also better (one set of amenities for each phase). Do you have any suggestions ?
I am buying for personal use, but can consider selling it maybe 10 years down the line, so would want to know the appreciation prospects as well!
Thanks
Hi M,
Both the projects yield same return in long run. But, Brigade has brand advantage & this might help you in long run. I would prefer Brigade Golden Triangle .
I purchased a 2BHK in Marq and seems like the project is going at a good pace.
I have a concern with the Assetz demanding payment,as the tentative dates for the Construction linked plan has been preponed by almost 4 months compared to the dates when i got home loan but in both case ,the possession date still remains in October,2017.
In such case,it has become extremely difficult to manage funds.
Kishore,
I am also considering Assetz Marq for 2 BHK Apt. Please drop an email
Write2bapun at gmail dot com
I have recently purchased a 3 BHK (1639 sq feet). And I am quite happy with the amenities, project plan etc. The proposed possession is in October next year.
Do we have a google / whatsapp group created for the owners? Kindly let me know. Thanks!
Hi Kunal,
I am planning to buy 3 BHK. 3T. can i get in touch with you. Your personal email address please
it look like 5100 per SQFT.. 2 BHK would cost 80L including all ? Will it be a good investment?
Has anybody bought a 3BHK flat in Marq during the early pre-launch? I’ve even heard that there is a neighborhood school in this project. Is it true? I would like to know about this preoject. Can someone give me an idea about it????
Hi Urvashi, I have booked 2 BHK flat in Assetz Marq. The current status is commencement of the fourth floor roof slab is in progress for tower 3. I have few actual pictures of site. You can write to me on vinod_nair99@hotmail.com if you need any more information.
Has anyone got to know the possession date of the project? Also can anyone of you guys help me with the status of this project?
Nice Project
Hi Urvashi Paul,
Expected possession is by end of 2018. construction status – few blocks have reached 1st floor slab work.
Hi,
Can you suggest between Marq and Alchemy urban forest? Main purpose is investment
Hi, as an investor I can say that I found Marq is a decent investment. Considering the availability of all required ameinites and facilities within 28 acre, you can go for Marq since it has in-campus school, retail outlets & such community amenities.
Hi Satyajit, Myself and few of my colleagues have booked flat in Assetz Marq. You can write to me if you have any queries. My email id is vinod_nair99@hotmail.com
Hi Satyajit,
Assetz Marq will fetch you better ROI.
Hi, I am planning for a 2BHK in Asset MARQ and looking for Bank Loan as well…However when I visited the SBI’s Aprroved project URL, I do not find Assetz MARQ project list…Can any one please let me know whether some one has got a bank Loan for this project or it has some problem…Below mentioned is the URL for the list of approved projects from SBI.
https://www.sbi.co.in/user.htm?action=sbihomeloanprojects
Thank You for your help.
Hi Harish
I am also interested in this project.
I have few concern
At the time of possession how much appreciation one should expect?
if I want to sell this project before possession what could be the benefit?
Br
Akhilesh
Hi Akhilesh,
Currently the project is at 10 % growth rate annually. If you sell it before possession, You can save Registration & Stamp duty charges.
i am planning to invest near whitefield as it has huge development in its infrastructure and should be promising in some years. i’d visited assetz marq property with my friend and found it to be well designed project. Mr.sabith gave a very good site visit to us. I wanted to know from marq owners here who could give me more insights?
i had site visit after attending their papa cj event..model was good..if they stick to same quality for final delivery, it should be a good option
Hi,
I heard that they will not have any security grill in the windows in assetz Marq. That looks a concern to me for such a high rise. Has anyone asked them whether they will allow customers to at least put that on their own; is there any restriction in the sale agreement?
I dont think security should be the concern because they obviously add grills…it is there every where once project is completed
I visted Assets East point website but I would like to know the completion of this project….heard they were good.
Hi Amrita, I visited East point too. The construction looks almost over. . Heard it will be ready for handover by Mar 2015
I read lot of negative comments for their project East Point in another review site where people were saying that Assetz compromised on quality and put lower grade materials – specifically tiles, sliding door, etc. in actual flat while they put everything best in model flat. Slight deviation is understandable between model and actual flat but it can’t be too much. This takes away some trust on the builder on their transparency. Not sure if the comments were genuine but if someone is investing big money, it is worth to do this diligence. Does anyone has idea on this?
Assetz is one of the first-grade builders so negative publicity is expected.. if you are really looking to invest then you should not compltely go by comments. Model flat is just to show how actual flat would look, slight difference is naturally there..You must see the project and then decide about it…some of the comments are not genuine and some could be concerns…i would suggest you to check out the builder and then decide.
Hi .. I have a few questions .. would appreciate if u can clarify them.. what would be the complete cost for a 2bhk in Asset Marq ..all inclusive .. and what other options one can avail at a similar price range ..
Hi Vikas Jain,
All inclusive price for 2 BHK starts from Approx. 70 Lacs Onwards . Options which can be looked at are Prestige Lakeside Habitat and Alchemy Urban Forest.
Hi Harish,
I want to book a flat here. They are quoting price of 4500/sqft.
I want to know will they give proper khata and what is the overall reliability of the builder.
My main concern is depletion of water table as there are so many apartments coming up in the vicinity. Is it worth the investment?
Hi vk singh
Assetz Marq is a mixed product and good for investment, besides, one of the best projects in the stretch. Water scarcity is common issue across bangalore; however nowadays builders are becoming very cautious in terms water sustainability and take necessary steps to maintain balanced water conservation within the project by planning STP’s RWH, other water conservative methods so that water will be available 24/7 with in the project, in case of emergency owner association get tied up with private water suppliers to maintain the regular water level (there will regular check on standard water storage capacity)
I approached legal advisory body, I got all the clearance regarding the Assetz Marq, I am good to go ahead and booked 2bhk, only concern is High tension line in middle of the project and the procession time is 3 years!
I have checked with the represntative at Marq, project is expected to complete in 2.5 years
Hi Harish,
Have you seen any issue with Bollineni silas? Its looks like that they have good internal architecture design. Please, provide me your opinion.
Thanks in advance.
Regards,
Paresh
Hi Paresh,
It is good project for investment; as of now we have not come across with any issues pertaining to Bollineni silas., yes internal architect design is good
Hello Harish, This is Rahul from Bangalore. I am looking for 2 BHK apartment in white field area,with a Budget of 60-65 incl regn. As of now I have short listed 4 apartments based on different reviews and possession timings etc. Assetz Marc, VBHC serene town, Sky Larc Ithaca, and BSCPL Bollineni Sila . Would like to know your opinion about which will be best suit for self use perspective among these 4.
Hi Rahul
First preference, Assetz Marq, 2nd Pref: VBHC Serene town, 3rd Pref : Skylarc and 4th would be Bollineni.
Hello Harish , Can u please tell me , what is the current price of this project .
Hi Satyajit,
Current Price of Assetz marq is Rs.4500 – 4600 psft
Hi Harish,
I am looking to invest in Assetz Marq. But while going through this page I saw some customers mentioning “Permissions of legal docs are not matching with the Project “.
Can you please clarify whats the issue with proper permission.
Rgds,
Sunil
Hi Sunil Sharma,
For Assetz Marq, there is an approval from SBI and also about 30 customers have taken the disbursement from SBI, so need not to worry about the permission;
as far as i know they didnt got the approvals for pent house and the same has been reapplied with govt authorities.
rest all the legalities are cleared for the project.
Hello Harish,
Kindly suggest which one will be the good option from an investment and self use perspectives, skylark ithaca or Assetz Marq?
Hi Pratibha
You can consider Assetz Marq, reason being location and project configuration.
I am planning on buying a 2 BHK for own use. Cany anyone let me know the payment schedule , also is there any concerns with the approvals as i see in some of the posts
Hi. i am an owner of a marq apartment and did not face any problems with documents and approvals. The team helped me through this and it went on smoothly.
Hi Sagarika, I am one of those who booked and executed the agreements. I even got the home loan approval done from SBI. I dont think a bank like SBI would approve the project with wrong legal documents. I am keen to know what exactly is wrong the legal docs. As per my understanding, the sanctioned plan from BDA so far is for Neighborhood 1 only, which they are selling currently.
Hi,
I am one the person who recently booked Assetz Marq,
I found that the Permissions of legal docs are not matching with the Project . their CRM team says that we are working on it.
we have to go for cancellation, Not sure other guys are happy even if with the wrong legal documents.
I never expected that company like Assetz will do these things like local builders. This is really bad experience, They have defamed their brand by doing so.
It is a wrong news that they have permission , they have permission which is not at all matching with the project,
They appears to be professional but the their Sales and CRM team are not at all professional.
I had very bad experience with them.
Please think before you make a decision, the permissions are not available yet for the project but they are conveying wrong message to customers.
My advocate said that you will not get the No-objection certficate with current permssions as they are not matching with what they are selling it.
Thanks.
Hi Sagarika,
Could you please share with us what is the issue with the legal docs?
Thanks.
Hi, I have inveted in the property and I received genuine documents. Assetz have been transparent with me and many other such clients.
Hi Harish,
Thanks for so much informative details here.
I am looking out for a 3BHK apartment in Bangalore with an area around 1700 SFT and the budget is 80-85 Lacs. Preferred location is around ORR, Varthur, Panathur Road, Belandur or Whitefield. I am keen on a pre-launch offer where I can get the minimum rate since I do not intend to move to India in the near term. I also intend to receive a good rental of 30K/Month upon possession after 2-4 years. I have shortlisted two projects that fit my needs more or large.
One is Samruddhi winter green and the other is Assetz Marq. They have a similar pricing with SWG giving 100SFT more at he same price but little lesser amenities.
I appreciate your opinion to suggest the better one of these or any others based on these requirements.
Thanks a lot in advance.
Hi Dev,
Considering your requirement – Preferred location is around ORR, Varthur, Panathur Road, Belandur or Whitefield, i Suggest you to consider Samruddhi Winter Green
Hi Harish, could you suggest Assertz Marq or Purva Skydale which one will be good on ROI and better option in both.
Hi Sudarshan,
Assetz Marq would be the ideal option
Hi Harish,
Can you suggest Assertz Marq or VBHC Serene town? which one is better.. VBHC has told all their 3 bhks. both of them are charging almost same. I have visited both the site and feel VBHC has better quality but houses are quite compact while Marq is located on Main Road, coming up with township but we will only get 70% and also some of the matertials like Main door I didnt like much. I am looking mostly for investment. Could you suggest me?
Thanks,
Punit
Hi Punit Singhi,
VBHC is good for self use than for investment. Assetz Marq holds advantage in terms of location and Project Configuration. Besides, Its a good option for investment too. I suggest you to consider Assetz Marq. You can also look at Divyasree ROW as option.
The project SV HEIGHTS project from sv construction at hope farm juction is BETTER in all aspects connectivity/pricing and completion by 2015 nov, if ,we compare marq,its far from hopefarm junction,and the price is high,since the projected completion is on 2017,pls do compare.,
As a fellow investor, I was stuck with the same dilemma. I’m sure SV heights can be considered as a prospective apartment too as it has great amenities too. But, Assetz Marq is an all-inclusive deal considering the amenities, property and location. The prices for their apartments are expected to hike up in the next few years with it being located just 20 minutes away from ITPL.
Hi Harish,
Assestz Marq is Rs.4250/sqft and the final cost including registration and SD is Rs. 76 Lakhs for 2BHK (1277 SQFT) so the final price is approx 6k/sqft.
1. Will it be good for investment purpose?
2. What would be the approx sales value after possession in 2018?
3. Will I get the additional cost i.e. car parking, club house etc amount while selling the flat or will it be a flat rate for re-sale?
4. Approximate flat rate in 2018 for this property after possession?
Thanks for your help in advance!
-Anant.
Hi Anant Singh,
Asstetz Marq is definitely a good option for investment. Projected Growth Rate is 50 – 60 % by 2018. Resale happens on All including cost.
The launch price for Marq was 4200 but the current price is 4600. As far as I’m concerned the property has alreday been appreciated with regard to teh price…it will be completed by Oct 2017
Hi Harish…Recently i have gone through Marq /ROW and VBHC project in the same area.. After going though the chain of comments I realized most people prefer Marq project. I don’t even see any comparison with VBHC project any where here… Is that not good… When we compare both Serene Town and Marq which one is better.. even location/ construction/ delivery wise.. Sorry i don’t stay in Bangalore and not so familiar also.. looking for an investment and surely in future would like to stay there as well. pls suggest
Hi A MENON,
VBHC is a regular project, Nothing unique when compared to Assetz Marq. Besides, Assetz Marq Location & Project Configuration is really good. Thats why, Most of the Home buyers are preferring Assetz Marq.
Hi Harish,
Assetz Marq is charging service charge @ 12.36 % on Car Parking, Club house and PLC . Is this correct as per norms?
Hi Anant Singh,
Yes, They are collecting as per norm.
Dear Ananth, Kindly note that Car Park, Club Membership and PLC are services provided by the developer which has always been liable to service tax, under the service tax regime. In case you need further clarification, please contact our CRM team. It will be our pleasure to assist you.
Thanks & Regards, Assetz Representative
Hi Harish ,I had concern on initial booking ammount which is 5 lakhs rupees.Don’t you think this ammount is very high .As they will be giving us all the documents after taking this ammount.Since I was based out of US currently I was bit hesitanat to give them 5l Rs without verification of documents .Would have been very happy and ready to do the booking if it would have been done by paying 1.5-2 Lakh Rs.Kindly address my concerns
Saurabh kunal,
Usually in the large scale project builder keeps 7- 8 % of the property value as booking amount. Builders usually does it to Bring Serious Buyers for the project. Besides all the approvals are in place and also approved from few banks.Need not to worry about the legal aspects.
hi Srinivas,
I was also checking ROW and Assestz, seems ROW is quite costlier and appreciated much due to location, also the floor plan of Assestz is much interesting then ROW.
Hello Harish, I am looking from an investment standpoint and have finalized on two projects Divyasree ROW (2+1) and Assetz Marq (2 BHK) but i am not able to make a final decision on which one to go with. Do you think ROW has already appreciated and not much is left on the table ? Would appreciate if you can throw some light and help me make a right decision.
Hi Srinivas Shapur,
ROW has further scope for appreciation. Not only you, Most of the customers are confused between ROW and Maqr. In fact, Both the project holds good potential. Once the ROW stock is over. Marq fever will start :-)
Marq is an enclave with all facilities in it. I feel Marq will be a wise decision
Hi Harish, what the is the average rt/sq ft in area where Marq is located. Is the price good for that builder and will it be completed on said time? I understand that their other project Eastpoint is ahead of schedule. Is that true?
Hi Iqbal
The average rate / Sq ft is 4000 in the locality where Marq is located. The price is as per market standards which builder is quoting reason being, its a premium development and a township which Assetz is building. Yes, East point is 20% in ahead of schedule in construction pace.
Hi Harish,
When is the formal launch date for the project ? Also, Which is better from an investment perspective Assetz Marq or Prestige Gulmohar ?
Hi Jatinder
Assetz Marq is in a better location compared to Gulmohar. The official launch is expected by this month end or 1st week of next month.
hi Harish
I m looking for self use purpose..please help me to decide which project to go for :Arvind sporcia or Assetz marq
Hi siddjyoti
You can consider Assetz Marq as its a good option for self use.
planning to invest. seems good ROI..3 BHK
Hello Assetz Marq Owners,
We are group of people, who have bought an apt @ Assetz Marq and formed a Google & Whats App group, to discuss & share various common topics/updates and discuss it further with the builder as a group.
We request all the owners to join this group and be a part of bigger forum to represent your voice.
Please send your Full Name, Apt No and Contact No. to below address
assetz_marq@googlegroups.com / assetz_marq+owners@googlegroups.com
Regards,
Assets Marq Owners Group.
Hi,
Is the group exist. I have tried to send a mail, but couldnt send.
Booked last friday a 2BHK. Good project. Seems nice for own use. Lot of positives points – location (upcoming in next 4 year), Return on the price, 28 acre township etc etc
Hi Harish ,
What are your thoughts on Shriram GreenField near Prestige Tranquility 3350/SFT ?
Hi Sreekanth
We have not reviewed Sriram properties hence, we wont be able to comment. Sorry!
1) can you tell me 10.15% as VAT charges,of what and only 4% of what?: kindly do some research on how the VAT can be charged on net. btw i believe all builders cheat here and govt should have strict guidelines and we should pay govt directly.
2) how do u know in 2018 or whenever registration happens what will be guidance value and what will be registration cost?
3) these are high rises. i booked because of green space in between…i am not sure which big builder will give 4 floor apartments and high undivided share
4) no idea..appears not else they would have opened others for booking
5)Is there a service tax on car parking? this is illegal as per SC ruling
there are hundreds of pre-launch and launched projects, choose wisely as per your location and need
Hi Harish, this is a great site and i appreciate your I am keen to invest in this project. I have the below queries which requires clarifications
1. For 2BHK what’s the un-divided share?
2. Is it going to be 1800 or 2200 apartments in 23 acres?
3. What’s the projected price at the time of completion?
4. Clarification on Taxes and other charges?
5. Any lock in period? Transfer charges if we wanted to sell?
6. How is this project compared to other projects in and around that location and whitefield?
Hi Vijay
1. For 2BHK what’s the un-divided share?
– 2 BHK area multiplied by 3.81%
2. Is it going to be 1800 or 2200 apartments in 23 acres?
– Still not been confirmed
3. What’s the projected price at the time of completion?
– Approx 6000 per sqft
4. Clarification on Taxes and other charges?
– VAT is calculated on 14% on the 70% of the construction value and ST is calculated on 12.36% of 25% of Basic cost/ 33% of the construction agreement value. Registration & Stamp Duty is 6.67% on the guidance value / agreement value.
5. Any lock in period? Transfer charges if we wanted to sell?
– 24 Months is the lock-in period and the charges are not yet confirmed
6. How is this project compared to other projects in and around that location and whitefield?
– This is one of the best in the Kanmangala stretch. There are other projects like DivyaSree ROW and PLH hold upper hand when compared to this..
Hi Harish, Can you please help confirm what the VAT, ST and Registration percentages would be, and on what amount will that be calculated? Also, is the current payment schedule appropriate and as per the market guidelines? Overall, any legal issues foreseen considering the plan and current approval status. Appreciate your expert opinion.
hi Rakesh
VAT is calculated on 14% on the 70% of the construction value and ST is calculated on 12.36% of 25% of Basic cost/ 33% of the construction agreement value. Registration & Stamp Duty is 6.67% on the guidance value / agreement value.
Payment schedule is appropriate. As far as we know there are no legal issues in the project and approvals are in place
Hi Friends,
Please clarify the below doubts for me
1) Assetz Marq charging 10.15% as VAT charges, whereas other A list builders like Prestige is charging only 4%
2) Assetz claims to be charging registration cost on guidance value which is 1000Rs/sqft. whereas other builders charge 6.7% of basic cost. Which one is appropriate and believable
3) Assetz Marq provides 1800 apartments in 23 acres which makes around 79 apartments/acre which is too high. They claim that as per the FSI standards. I am worried about my undivided share
4) Have they got BDA and other approvals for the entire 23 acres or is it only for the neighbourhood1 which is open for sale?
5)Is there a service tax on car parking?
6) The Big Question…Is Assetz a trustworthy group with healthy balance sheets and profit margins. Havent seen much of their projects!!!
Expecting a positive reply from the group
Thanks
Pradeep
Hi Pradeep
1) Assetz Marq charging 10.15% as VAT charges, whereas other A list builders like Prestige is charging only 4% –
VAT calculation is based on contractors, Materials and Suppliers. Builder has a bandwidth of charging 4% to 14%. And as far as we know, Material procurement happens within India or overseas…Most of builders who charge higher VAT import steel from China, and for this the govt has given bandwidth to collect VAT from 4% to 14%
2) Assetz claims to be charging registration cost on guidance value which is 1000Rs/sqft. whereas other builders charge 6.7% of basic cost. Which one is appropriate and believable
If there are 2 agreements; Sale agreement and Construction agreement, Registration is done on guidance value. If its only a sale agreement, builder will get the registration done on the basic value. Its always beneficial for the customers if the registration happens on the guidance value, reson being, Basic Sale value will always be higher compared to the guidance value
3) Assetz Marq provides 1800 apartments in 23 acres which makes around 79 apartments/acre which is too high. They claim that as per the FSI standards. I am worried about my undivided share
As per Govt norms; UDS will not be calculated on the total area of the property.UDS is suppose to be calculated on the footprints of the building blocks which approx comes to 3.81% for 100% super Builtup area at Assetz Marq
4) Have they got BDA and other approvals for the entire 23 acres or is it only for the neighbourhood1 which is open for sale?
Approvals are in place only for the 1 which is open for sale, which is Business as-usual with any builder. But BDA has approved the entire project. NOC from BBMP will be released Phase wise
5)Is there a service tax on car parking?
No Service Tax on Car Parking
6) The Big Question…Is Assetz a trustworthy group with healthy balance sheets and profit margins. Havent seen much of their projects!!!
All their on-going projects are doing good like Assetz East Point and Lumos. They have a string Balance Sheet and they’ve completed huge SEZ’z worth billions like Brindavan Tech Park and ITPL etc. So no need to worry about the financial strength of the company
I think you have this wrong. The project is being constructed as per the approvals and sanctions so not sure if there’s a deviation in the constrcution
Hi harish,
I booked an apartment in sriram chirping woods. Already it is 6 months perhaps more, that they are awaiting for approvals. So far they haven’t got it. Each month when I enquire, they keep pushing up for subsequent month. What is your opinion , why there could be such kind of delays. Have you got a chance to review this. If not, is there possibility that you could do this. I am thinking of cancelling that, your help is needed for my corrective actions. Pls advise. How do you compare that with marq. The latter appears to be very impressive.
Hi Reeves,
Assetz Marq holds better Hand when compared Shriram Chirping woods. Reason being Location & Project Configuration. Properties surrounding to Shriram Chriping woods has litigation. Probably that would be the reason Builder is finding difficulty in getting the approval.
Hi Folks
Is there a google group of people who have booked apartments in Assetz Marq?
Thanks a lot.
Hi Ravi,
I have booked a 3 BHK flat in Assetz Marq. If you also have booked a flat in Assetz Marq, It would be good to be connected so that we can track the progress of the flat and discuss any concerns if any. Please write back to me at: achintyak@gmail.com to get connected to me.
Regards,
Achintya
Is the maintenance charge really Rs 5 psft for Assetz Marz?
Also, is it true that Assetz group will maintain the property for first 10 years? Does this mean any benefit to the people who bought flats here?
I have recently bought an appartment. Yes I cheked with them, maintenance charges at Assetz Marq is @Rs. 4/- per sft and Assetz Marq intends to maintain the property for 10-15 years with buyers permission which will definetly be beneficial to the buyers.
Yes, it is indeed a very good project. My only concern is the possible delays that generally happen in case of big projects. @Harish – Can you share some insight on their previos track record like East point, 27 park avenue?
Hi Ravi,
East point and 27 park avenue construction progress are as per schedule and Project delay are common with all the builders. Big projects will get influence more.
Although big projects take time, Assetz is one of the projects who have delivered 27 park avenue much before the given due date. So I guess overall they are good to invest.
Loading factor seems to be very high…can you please comment on it?
Hi Joydeep,
What is the efficiency you achieved ?
I have bought an appartment at Marq loading factor is similar to other builders. I have compared it with Shobha Hyclon and Alchemy Forest at Shobha and Alchemy the cost is loaded in basic price.
yes, i found the load factor here very high compared to few others.. the efficiency is about 70% while some other builders offer between 74% to 77%.. that was the major reason i didn’t go for assetz marq.
Hi Dev, I am an owner at marq. I have enquired in the industry about the carpet area they do say that the efficiency is 75% but its always lesser and I have seen maximum efficiency will be around 70% to 72%. Thus this is not a major issue.
Well 5-6% for a 3bhk 1700 SFT can take out your 100 SFT. There are builders and projects that offer higher efficiency. My calculation for Assetz Marq hovered between 69-70%. And the model flat room sizes prove that. However, the amenities at Assetz marq look great. If you are keen about lifestyle and amenities, then it could be a good choice.
Hi Guys,
After a very deep & long research in & around 5 kms, I have booked 3 BHK apt in Marq and i am completely satisfied and very happy to own one of the apt in Marq (own use).
Its one of the biggest project (28 Acres) in that stretched and very well planned layout with consideration/offering for each age group.
The price is very competitive, looking at the quotes and the other Amenities/space offering by some of other nearby upcoming projects of major builders. I found this project excellent & in terms of investment & self use and the price hike in last couple of year in this area is very good. The neighbour wood is pretty decent and definitely add to its premium. As its is surrounded by mostly Villas, it will stand tall and would have an excellent view and ventilation around.
The connectivity to the Whitefield hub is far better looking at the free road (compare to other jammed road in and around Whitefield), it took me exactly 12 mnts to reach ITPL (7.1 kms) & Metro station is proposed to be just 3.5 kms from site.
Overall I am very happy and proud owner of Assetz Marq.
Hi Gautam, were you able to negotiate on the price? I am also interested in this project and planning to book 2BHK if all is well. Please do suggest.
hey , are you aware that permissions they have dont match with the project, they are giving in written to customers that they will get, but i am sure how such thinsg can be valid
if some give in written that he will sell you the charminar , of which the govt has not give the permission,
and mostly how customers can trust on the basis of such non-existing valid wriiten assurance.
Thanks
Hi Gautham, I am looking for 2BHK in Assetz Marq. Could you please share you feedback to buy at price around Rs.5000/sqft with offer Pay 4 Lacs now and remaining at the time of procession. Do you see any hidden costs, terms and conditions. I compared Total price(excluding Stamp duty and registration cost) Marq~6400/sqft with Bartiya City~5900/sqft. What do you suggest ?
Hello Jagadish,
I have cancelled by booking long bak from Assezt Marq & have booked in another better project..
Regards
HI Harish,
Can you give your expert opinion on few things :
1. Considering that i am buying the house for my own use and it is going to be my first house , do you think it is worth a wait for 4+ years ? Considering that the pre launch price is also on a higher side and i am paying rent too?
Hi Nicole,
I understand your situation. but the fact is ready to move flats prices would be much higher.
Well my numbers above are rough maths , so please excuse me .
I was also interested in Marq , so tried to investigate about the price and did my own ROI from investment prespective . To me it is a bad choice for investors .It May make sense for people who want to own it
For 1234 Sqft I got a price of 61.73 Lk + Stamp duty and registration .Basic cost is 57.74 and additional service , legal and 1 year maintenance and sinking fund 3.99 lk
Now what I found is that 61.73 is not final price. There are 3 more additional components to it .
1) Floor rise charge is 15 rs per sq ft. So assume you are on 10 th floor(its 23 flr) .It will add 1,85,000 to your cost . So your basic cost now is 59.59 Lk
2) PLC , you want a preferential flat , you need to pay additional 100 per sqft . Almost all flats will fall in preferential category only.Sales guys will give non preferential flats to their relative and known guys .So this adds a cost of 1,23,400 . So your basic cost now is 60.82.
3) Now comes a little surprise. Tax and VAT are additional. Generally it is 4.99% of base sales price .So this adds 3.03 lk more to your base price. So now your base price is 63.85
So total cost excluding stamp duty and registration now becomes 67.84(63.85+3.99). So you see a cost of Six lk is hidden in words
Add stamp duty and registration with bribes etc. You are looking at a final price of around 72 Lk . 1234 sqft 2 BHK turns out to be nearly 6000 per sq ft.
Additionally 5 Lk is booking amount and within one month of booking , agreement will be signed and you need to pay 30% of the overall cost . So nothing is done , no work started you have to pay upfront 5 + 30% of 63.85 = 24.15 Lk . So you will be paying nearly 25 Lk upfront . Imagine you book on 16-jun and on 16th July you would have paid nearly 25 lk . I have gone to the site , it is empty . It will atleast take 6 months for anything to start .
Projects like this takes around 5-6 years . Remember Prestige shantinikaten , it started in 2004 and ended sometime in 2011 . DLF in Banargetta , stated in 2008 -2009 and I am not sure if it is still finished
Assume that these guys are good and you will have your possession in say 4 years. You can get an interest is 10 Lk if you keep 25 Lk in FD for 4 years . As per the payment schedule you will be paying more money slowly upfront . What I am trying to say is that all that money paid by you upfront could have got you an interest of around say conservative 15-17 lakhs .
So your final price is around 90 Lk (around 7300) for 2 BHK 1234 sqft . In 4 years you need to have atleast 60% SI return and for that by the end of 4 years the rate per sq ft should be above 8500(to be quoted by the builder + other charges) I am not sure if the per sq ft rate will double in 4 years
All I am trying to say is that from investment perspective, this is a bad choice. Now I have assumed that it is all your money, but if you are borrowing from bank and repaying interest . You cost will be even higher
As another customer I know that the constrution is taking place in a speedy way. 30% is payable on agreement signing therefore first milestone as per the payment schedule is also achieved. This will be completed by oct 2017 I think
Is it really a good property? Taking booking amount of 5 lakh? no cost confirmation? 20% extra charge ? Do you think they might ” reduce” price if not good response ?
Hi ,
We are planning to buy a 3 BHK here and visited the site . Have few concerns though :
1. Site 171 on which the phase 1 is developing is a KIADB / industrial land. Talked to a broker about it and he said that they are waiting for BDA approval for conversion . Can this be an issue later ?
2. We have to pay 5 L as booking amount and then 30 % in Aug 2014 end/sep . Is it inclusive of the booking amount ?
3. What is planned for the land between the phase 1 and road (on left you have Mahaveer building)? They say its and Assetz land then why are they leaving it ?
Hi Nicole,
Approval would not be an issue. Because its converted land and its a A Khata Property. 30 % includes booking amount. As far as i know, the empty land what you are referring is a private property and Assetz is on talk to acquire it. Development on that land depends on Land lord decision.
All the approvals have been received and construction is going on in full swing. 30% is payable on agreement signing which includes the booking amount also.
Hi Dhinesh, personally i would suggest Assetz Marq as it is located in a peak area where all the major IT companies are nearby which makes commutation between work and home easier. Apart from that it provides various modern amenities like meditation halls, restaurants, book stores etc. Also the proposed metro station and multi super speciality hospitals like Sri Sathya Sai hospital and Sathya Sai Ashram are in proximity with Marq.
Hi Harish,
Do you have insights on
1. financial stability and strength of Assetz? they seem to have exited/sold both the commercial properties – Vrindavan Tech Park and Gobal technology park in India.
2. Is this company good for Investment and can they deliver the project of this scale with 28 acres and 2000 apartments?
3. What are the prospects of this project/location. It is too far from ITPL and with major bottlenecks all around. No major company is expanding in that direction. Brigage Golden Triagnle and Prestige Tranquility are all stuck in the price range and have not delivered on the returns unlike other projects in the city.
chk for urself – these 2 projects are 8 kms away from marq
https://www.google.com/maps/dir/Brigade+Golden+Triangle,+Bangalore,+Karnataka+562129,+India/Prestige+Tranquility,+Bangalore,+Karnataka,+India/Nitesh+Forest+Hills,+Seegehalli,+Kannamangala,+State+Highway+35,+Bangalore,+Karnataka+560067,+India/@13.0414014,77.7337758,13z/data=!4m20!4m19!1m5!1m1!1s0x3bae10001c4c0413:0x2604ec1fee88bd43!2m2!1d77.745008!2d13.063927!1m5!1m1!1s0x3bae100011b19ec1:0xd1fa773ce216fc8e!2m2!1d77.7441394!2d13.0638256!1m5!1m1!1s0x3bae0e34055ddf7b:0xa2c5c55b1df9bcd2!2m2!1d77.763132!2d13.015224!3e2
Hi Ashish Kansal,
Vrindavan Tech Park and Global technology park are SEZ and these kind of projects are built using hedge funds.so the companies involved has to exit from the project. Assetz group has good hold with Private Equity firms and need not to worry about the financial stability of the company. Project is good for investment. Reason being, Its Big, Mixed & Unique in that location. Assetz Marq is in much better location when compared to brigade golden triangle / Prestige Tranquility .
Assetz have completed good number of project both commercial and residential, they are in the market since 8 years. Assetz Marq is in a very good location and is expected to have high ROI. Marq is just 20 minutes away from ITPL, don’t think its a concern at all. ButI’m looking for something closer to Satya Sai Hospital. Any suggestion?
HI , Its not only the rate but extra charge is too high , its closer to 40% , normally its 15 to 20 % . Total unit cost of 2bhk will be 69 lakh .Eventually sqft rate hike may not give you appriciation on your total amount , If they have keep extra charge normal and unit come with in 62-63 lakh than its good . so current rate looks 4200 but its equal to 4500-4600.
The launch price for Marq was Rs. 4200/- whereas the current price os Rs. 4600/-. The property has already been appreciated in terms of price.
Hi Harish,
I have selected three projects 1. Assetz Marq, 2. Nitesh Melbourne Park, 3. Purva palm beach and have to finalize among these three. I am looking for self-use. Could you please rate these considering location, appreciation and quality?
Hi Akki,
You can consider Purva Palm Beach / Assetz Marq. Both the projects are good for Self living or Investment.
Any specific reason why you have not suggested NMP?
Hi Akki,
Reason being, ROI & Project Configuration.
Hi, Akki, I too am looking for a property to invest and interestingly I find Purva Palm Beach a better bet. Especially with the pricing. I would like to hear your views.
Builder is not at all talking about this project. Only property consultants are taking bookings now.
I’m not sure, why you mentioned builder sold 75 units on day1
Hi Baasu,
Numbers at day 1 matters a lot for investors.
Is a school also planned as part of this project ?
hey, yes school is a part of the project. This is an amazing deal as the kids don’t have to leave the residential community for their school. Saves lot of time.
Hi,
1. Aren’t there bottlenecks to the approach to it from whitefield side? will that affect commute to even ITPL once projects completed?
2. Isn’t 4200 rate too high given its location – its not prime proximity. Additionally, the fittings & other details are yet to be listed by the builder.
3. Lastly, the floor plans for the 2/3 BHK flats seem to be very small, poor for actually living – e.g. the bedrooms and bathrooms are fairly small n tight, whereas lot of space wasted on foyer n large balcony. Spectra Palmwoods’ configuratons n dimensions seem much better for example.
Given all this, Is the rate too high to appreciate substantially in a reasonably short period of say 2 yrs?
I think Marq and Spectra Palmwoods differ in their own way. The 2 Bhk occupy total 1286 sqft and 3 BHK that occupy 1639 sqft which can easily accommodate any nuclear family. I dont think it can get cramped up. in my opinion, Marq is a better bet. Considering good amenities such as FTTH, the price ts bound to go up as per market standard since the property is in good location.
Hi Harish,
In terms of sheer ROI alone by the end of 2018, can you please rate
a) PLH b) Divyasree ROW c) Assetz Marq
Hi Rajeev,
In terms of ROI. Divyasree ROW 4/5. Assetz Marq 3.5 / 5 & PLH 3/5
Hi Harsh,
Can you share your feedback abt this project?
Hi Ravi,
I found this project as one of the biggest development in Kanamangala – Whitefield Stretch. Project is close to ITPL & Old Madras Road…Project Configuration seems to be good. Builder has Positioned pricing competitive. Response at the site is also good. Builder has sold close to 75 Units in Day 1. If you are interested in this location. I advise you to consider it.