About Glen Classic
Glen Classic is part of 10 acres of land and offers 288 residential units of 1BHK, 2BHK and 3BHK apartments, with 18 floors each in 3 wings. These units will be set-up over an area ranging between 655 sq.ft. to 1,820 sq.ft. The lavish interiors and surrounding open areas make the project a success among all those who wish to spend a comfortable and cozy life. Highlighted amenities of this property include a modern club house with a covered swimming pool, badminton and squash court, billiards and snooker court, gymnasium with aerobics, children’s play area and space for water bodies.
Project Analysis of Hiranandani Glen Gate
- Approvals status: BBMP,BDA approvals obtained.
- Demand analysis: North Bangalore has been coming up with new launches from Tier I builders, which is drawing customers interest. The proximity to international airport and employment hubs such as Embassy Manyata Business Park and Kirloskar Business Park are also driving demand along Hebbal, and nearby locations.
- Public feedback about the project: The current price of the project is Rs.5950/sqft, which is found to be overpriced. But the nearby project Glen Gate price has seen appreciation from Rs.5700/sqft to Rs.7150/sqft, this shows a positive impact on Glen Classic as well.
Payment Analysis of Hiranandani Glen Classic
- 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:
- 1 BHK - Rs.60/sq ft
- 2&3 BHK - Rs.62/sq ft
- Construction Cost for each Car Parking: Rs. 500,000
- Escalation Charges : If the WPI (wholesale Price Index) has increased more than 5% then the customers have to bare the extra price, and less than 5% is barred by the builder. In order to avoid this extra charge, customers can pay Rs.300/sqft additionally to the base price.
Apart from the above additional charges towards utilities, Maintenance charges, Development Charges, Township Corpus fund clubhouse, Generator Charges, registration, legal, etc will be applicable.