About The Five Summits Address
The Five Summits Address is a luxury residential project by The Address Makers, a part of Piramal Enterprises. This project, located at Whitefield is spread across 5 acres of land and will offer 224 luxury apartments units with a choice of 3BHK, 4 BHK, Duplex and Penthouses ranging from 1,779 sq ft to 5,600 sq ft.
The Five Summits Address - Location
The project is opposite to the Satya Sai Super Specialty Hospital and behind Mercedes Benz building. There are several office and retail developments in the area including SJR iPark, InOrbit Mall and various other developments. Since the location is in the prime area of EPIP Whitefield the project is close to schools, hospitals, retail centers and other social infrastructure.
The Five Summits Address - Project Analysis
- Approvals status: All approvals received
- Demand Analysis:The demand will be good due to its proximity to several IT Parks like ITPL and Brigade Tech Park. Whitefield area has been witnessing stable demand due to the proximity to multinational companies and software firms in the vicinity. However, the number of apartment project launches and unsold supply is also high in this region.
- Amenities:The project is expected to have high-end lifestyle amenities like gym, billiards, table tennis, skating area, aerial café ,tramp for disabled, prop-care office, jacuzzi, convenience store, etc.
- Best towers and best units: The units facing the lake could be a better option for those looking fresh air and open space.
- Project specifications review: Based on the specifications provided by the builder, the interior fittings are expected to be of high standard.
- Special attractions of this project (USP): The project is focused on catering to premium luxury segment with high-end amenities. The location of the projects will be in prime locations with good connectivity and social infrastructure.
- Construction Partner: The construction of Five Summits Address project is being executed by New Consolidated Construction Co. Ltd. (NCCL), which is a premier civil construction company with presence in Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Tamilnadu, Uttar Pradesh and Sikkim. The company has constructed over 150 million sq. ft., which includes high-rise residential developments, office towers, industrial plants, shopping malls, townships and other projects. Some of the leading projects undertaken by the company in Bangalore include Prestige Tranquility, Prestige Techpark Phase III, Ozone Urbana Township, etc. to name a few. NCCL has been working on projects of reputed players such as Nitesh Estates, Mantri, Divyashree and Sterling Developers. The construction quality takes in to account the capabilities of the construction partner and the experience of developer in managing/overseeing projects.
Payment Details of The Five Summits Address
- Booking Amount: Rs. 500,000
- Due at the time of Execution of Agreement: 20%
- Due on completion of Excavation: 5%
- Due on completion of Basement: 10%
- Due on completion of 2nd floor Slab: 10%
- Due on completion of 5th floor Slab: 10%
- Due on completion of 8th floor Slab: 10%
- Due on completion of 11th floor Slab: 10%
- Due on completion of final Slab: 10%
- Due on completion of Block & Plaster work: 10%
- Due on completion of Flooring: 5%
- Due on Possession: other charges
- Floor Rise: Rs. 25/sq. ft. per floor (starting from 2nd floor)
- Car Parking: Rs. 300,000
- Club House: Rs. 250,000
All the additional charges towards water & power charges , maintenance charges, corpus fund, legal charges generator charges, khatha & assessment charges legal, vat & service tax etc are payable as applicable.