Project Overview

Type of HomeDeluxe Apartments
LocationBehind Meenakshi Temple – Bannerghatta Road
Type of UnitsOnly 3 BHK – 1805 | 1810 | 1870 sft
No. of FloorsBasement + Ground + 14 Floors
Total No. of Units56
Expected Commencement & Completion DateCommencement by Dec 2012 & completion by end of 2014.
Sanctions StatusApprovals in Final Stages
Budget RangeRs.81.22 Lakhs to Rs.84.15 lakhs (basic price excluding registration, taxes, all deposits and extras)
Expected Returns90% to 130% by completion (if funded through home loan) | 30% to 45% by completion (if self funded)
USPsLocation : Very rare to find property in such a prime locality and just few meters off the main road.
G & C VisionWith current prices of comparable apartments at Rs.5500 to Rs.6000 levels, this is a sure-shot multi-bagger for investors.

G&C is pleased to bring you this rare and exclusive pre-launch of a delux apartment project from one of Bangalore’s most reputed developers. Situated right behind Meenakshi Temple, in the heart of Bannerghatta, this project gives you a rare chance to aquire a branded product at a special pre-launch price for a huge advantage over existing market prices.

Location Advantage :

Bannerghatta is today one of Bangalore’s most sought after residential addresses. Located in the Southern part of city with lush greenery and relatively less congestion than other parts of Bangalore, Bannerghatta is reminicent of the true old Bangalore.

This area has developed rapildy since 2000 due to an influx of large number of IT and BPO companies and improving connectivity to Koramangala and other parts of the city through the network of NICE corridor, Outer Ring Road and Hosur Road. It is home to Apollo Hospitals and Fortis Hospital – which are considered among Karnataka’s top super-speciality hospitals. The most popular landmark in Bannerghatta is the Indian Institute of Management (IIM) which is just 2 kms from this project.

The Government of Karnataka has recently cleared the second phase of Namma Metro – which includes a third line from Gottigere to Nagavara via the Indian Institute of Management.

Bannerghatta also has some of Bangalore’s well known international schools and colleges.

Royal Meenakshi Mall is the latest addition to the growing number of shopping malls / retail spaces.

Proximity to Major Landmarks :

Walkable distance to : Royal Meenakshi Mall and Meenakshi Temple.

10 Minutes from : ITM, IIT, Ramaiah Institute of Technology, The Indian Institute of Management, T John Group of Institutions and The AMC Engineering College.

15 Minutes from : Fortis Healthcare Limited, Sagar Hospital, Sri Jayadeva Institute of Cardiology, Dr. Agarwal Eye Hospital & Apollo Hospital.

20 Minutes from : Gopalan Innovation Mall, Cupon and Vega Mall (an upcoming mall that is set to become the biggest in South Bangalore)

Feature List

  • Gym
  • Club house
  • Steam
  • Sauna
  • Indoor Games

Project Details & Pre-Launch Offer :

Project consists of a single tower with Basement + Ground + 14 floors.

Entire towers consists of only 3 BHK apartments in 4 sizes – 1805, 1810, and 1870 Sft.

The special pre-launch offer is at Rs.4500/sft (basic price) which means the starting range is Rs.81.22 lakhs (basic price). Public launch is slated just 1.5 months from now.

Car parking, club houses charges (if any), floor rise premium, premium location surcharge (if any), deposits, registration and taxes are all extraand are payable at the time of posession of flat (after completion).

Booking Charges & Procedure :

You have to pay only Rs.1 lakh to book a unit and 20% for execution of agreement is payable 15 days after booking. From then on, balance 80% can be paid in installments linked to construction progress or by taking a home loan (upto 80% is funded by banks).

Return Matrix

G&C Special PriceRs. 4500/- sft
Capital Investment 
i) If taking Bank Loan20% of total unit cost (Rs.20 to 25 Lakhs + Bank Interest for 2 Years)
ii) If Self FundedRs.81.22 lakhs to 84.15 lakhs
Investment Period2 to 2 ½ years
Expected Target PriceRs. 6000/sft
Return on Investment 
i) If taking Bank Loan90% to 130%
ii) If Self Funded30% to 45%

For more details, site visit and bookings, please contact :

 Mr. Karthik Prabhu | Deputy Manager – Business Development | E-mail: karthik@gcglobal.in | Mob: 9986233354
 Mr. Vasu G | Dy Manager – Business Development | E-Mail: vasu@gcglobal.in | Mob: 9686669179
 Mr. Divyendhu Chowdary | Head – Retail & Hospitality | Email: adrc@gcglobal.in | Mob: 9980319639
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Annexures

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