About Hiranandani Glen Gate
Hiranandani Glen Gate is located in off Hebbal-Nagawara outer ring road. The project is spread across 10 acres of land and will offer 288 apartments with a choice of 2BHK, 2.5BHK & 3 BHK units with sizes ranging from 1245 sq ft to 1810 sq ft.
The construction is being done by JMC Projects Ltd who have completed several projects in Bangalore and other parts of India. Based on the previous projects we expect the quality to be good.
- Approvals status: BDA, BBMP approved
- Demand analysis: North Bangalore projects are generally seeing some interest from customers as well as builders, who have been coming up with new launches. The proximity to international airport and employment hubs such as Embassy Manyata Business Park and Kirloskar Business Park are also driving demand along Hebbal, Hennur Road, Thanisandra Road and adjoining areas.
- Amenities: The project features high-end amenities including landscaping, water bodies, day care center, billiards and snooker table and convenience store. Apart from this there are several home technology facilities such as video IP surveillance, video on demand, visitor video message, building management services and home automation.
- Any drawbacks?: The project pricing at Rs.7000 /sft is at a premium compared to other projects in the vicinity.
- Public feedback about the project: The initial investors who purchased at the price of Rs.5700/sft have seen a good appreciation up to Rs.7000 /sft. Due to this the sentiment has been positive about the returns achieved so far. Some people felt that the project is overpriced.
Payment Analysis - Hiranandani Glen Gate
- Booking advance Rs.4,00,000/-
- Payment Plan:
- Within 30 days of booking:20%
- On completion of foundation level:10%
- On completion of lower basement slab:5%
- On completion of middle basement slab:2.5%
- On completion of upper basement slab:2.5%
- In 18 equal installments:50%
- At the time of possession + other charges as indicated below:10%
- Additional Charges:
- Floor rise per floor In Rs. 72 per sq ft.
- Construction Cost for each Car Parking: Rs. 500,000
- Maintenance charges: Rs. 119520
Apart from the above additional charges towards utilities, maintenance charges, development charges, township corpus fund clubhouse, generator charges, registration, legal, etc will be applicable.