CloverMark Property Appraisal Report PROPERTY OVERVIEW - PDF document

CloverMark Property Appraisal Report PROPERTY OVERVIEW Address: Property Type: Super Luxury Apartment Location: Kanakpura Road Micro Market: Kanakpura Road Zone: South Unit Size / Area: Property Description: Expected Possession Date: Phase - 1: Q4 2014 and Phase - 2: Q4 2016 Ticket Size: ₹ 2.7 Cr Onwards. AREA PROFILE CLOVERMARK INSIGHTS • Easy connectivity to major roads of South and West Bangalore (Hosur Road, Bannerghatta Road, Mysore Road and Tumkur Road). • Easy connectivity to Outer ring road • 5 mins drive to Iscon Temple which is in Kanakpura Road • 30 mins drive to Electronic City and Global Village Tech Park • 15 mins drive to Bannerghatta Road Great Location 1. Located on the south of bangalore, it has easy access to ring roads 2. Peaceful environment around the project. 3. 35 mins drive to electronics city Great Project 1. There are many projects that are coming up and few are under construction 2. Metro Phase-2 is under construction upto anjanapura 3. Mantri mall, is under construction 4. Iskcon's theme park is under construction Great Investment 1. This area has seen an average returns of 12% to 14% since last two years 2. There are few projects which are under construction, might lead to a surge in the price with in two or three years 3. Rental Potential is high in this area KEY RATINGS Out of 10 8 2 6 4 7 3 7 3 5 5 5 5 7 3 7 3 6 4 8 2 7 Out of 10 Note: Data gathered for Current Ratings (Rental Potential, Life Style, Education Institutions & Industries) is based on current area status. Appreciation is based on on development plans around the area CloverMark Rating Companies TE - The Magic Faraway Tree Phase-2 Education Institutions • Development interms of Real Estate - Sobha Forest View, Purva Highlands, Nitesh Ceasar's Palace, Mantri Serenity, Prestige Upcoming Project - Prestige Falcon City, Purva Upcoming Project - Purva Parklane and Mantri Mall. Appreciation Rental Potential Life Style The Magic Faraway Tree takes its name from the beautiful old tree on the edge of the 10.5 acre property. The project is located 16 kms from the city centre on Kanakpura Road.  3 BHK, 3 BHK Duplex and 4 BHK Pent Houses: 2424 -4251 sq.ft The Magic Faraway Tree, Kanakpura Road, Located at Talaghattapura - just off NICE corridor(approx 200 m away) The Magic Faraway Tree HISTORICAL APPRECIATION Area Price Trends: Kanakpura Main Road Project Price Trends: TE - The Magic Faraway Tree LOCATION MAP Rate / Sq. ft Trend Rate / Sq. ft Growth Rate / Sq. ft Trend Price Growth Trend Y - o - Y Returns Influencers • Easy connectivity to major roads of South and West Bangalore (Hosur Road, Bannerghatta Road, Mysore Road and Tumkur Road). • Metro Phase 2 is coming to Nice Corridor • 20 mins drive to Bannerghatta Road and Mysore Road • Easy connectivity to Global Village tech Park • 30 mins drive to Electronic City • 15 mins drive to J P Nagar Trend factors: • Price indicated by developer on their pricing stratergy post launch • Project Growth based on the development around the area • Price indicated is subject to change Trend factors: • Price growth since launch price • Project growth based on the development around the area Trend factors: • Year on year price growth since launch • Project Growth based on the development around the area 18% MG Road TE - The Magic Faraway Tree TE - The Magic Faraway Tree 2666 2940 3390 5390 6250 8000 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Jul'12 Dec'12 Jun'13 Min Max 10% 15% 16% 28% 0% 5% 10% 15% 20% 25% 30% 1 2 Min Max 6,500 7,410 9,971 11,467 13,072 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Current Projected 14% 32% 53% 76% 101% 0% 20% 40% 60% 80% 100% 120% Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Projected 0% 0% 0% 0% 0% 14% 16% 16% 17% 13% 0% 5% 10% 15% 20% Apr 13 to Apr 14 Apr 14 to Apr 15 Apr 15 to Apr 16 Apr 16 to Apr 17 Apr 17 to Apr 18 Current Projected Architectural Views of the Project Site Plan FAQ List Company Salary range Designation/prof ile Location Other specification NA Type Distance from property Time taken Luxury Apartment 100 mts 30 secs Apartment 3 Km 6 mins Apartment 200 mts 50 secs Apartment 2 Km 5 mins FAQs Overview Launch date Apr-13 Possession/completion date Phase 1 - Q4 of 2014, Phase 2 - Q 4 of 2016 Entire project completion date 6 months after given possession date Number of units sold out NA 3 Business Men Number of units available NA Existing customer segment of property Industry/Company Family specifications 1 IT / ITES 2 NRI's What is target customer segment? 1 2 3 4 Nearby Landmark NICE Ring Road Dominating Industry nearby project Realty Developer's Camapign details NA Customer Related Insights of the Property With Phase 1's success, Phase 2 became more attractive for Investors 5 Plans Related Master Plan 10.5 Acres First liveable floor NA Height of Liveable floors NA Ceiling Height 9 ft 6 inches Maximum Height 40 - 45 meter (apprx) How many blocks/towers? 4 How many floors? 30 How many units per floor? 4 Insights Provides enough Privacy with minimum units per floor Why is the project priced higher? Because of the Brand, its Proximity to Metro Station, Accessibility through NICE Corridor and Kanakapura Road Why is the project priced lower? Specifications Related Maintenance Cost Rs. 400 Per Sq.ft Car parking area details NA Extra Car Park NA Project specifications-inside amenities Club House Swimming Pool Gym Garden Community Hall Tennis Court Rain Water Harvesting 2. Mantri Serenity On-Going 3. Purva Highlands On-Going 4. Sobha Forest View On-Going Lock-in Period No Insights Investment Related Approx Rental in that area 20 K to 30 K Other upcoming projects nearby Status 1. Nitesh Ceasers Palace On-Going Transfer Fee Rs. 300 /- Sq.ft Cancellation post allotment Rs.5,00,000/- Buy Back if any? No Insights Projects around by indicate the growth of the Area itself Water Related Is there a kaveri water connection Yes Is there kaveri water in the tap Yes How many borewells? 3 Borewell depth 380 mts Water depth in the borewell(in inches) NA Insights Enough borewells which will meet the needs of Residents Booking Related Towers open for Booking? All Bookings per person NA What is an Address Proof? Is PAN Card required? Yes Cheque/DD in whose name? Insights Payment Schedule Related When will registration happen? NA Why register so early? NA Maintenance NA Insights Views Related Apartment facing view? NA North View from tower XYZ? NA North East View from tower XYZ? NA South East View from tower XYZ? NA South View from tower XYZ? NA South West View from tower XYZ? NA West View from tower XYZ? NA North West View from tower XYZ? NA Living room insights NA Bedroom & Bathroom insights NA Time taken 10 mins 10 mins 4 mins 9 mins 10 mins 11 mins 13 mins 8 mins 21 mins 22 mins 15 mins 20 mins 11 mins 19 mins 24 mins 8 mins 6 mins 7 mins 17 mins 5 mins 9 mins 12 mins 35 mins 22 mins 19 mins 25 mins 22 Mins 28 mins 35 mins 15 mins 21 mins 20 mins Parameters Name Distance Overall insights Area Related Height of neighbouring buildings Nearby schools Delhi Public School 5.1 Km Alpine Public School 5.07 Km Sri Kumaran Childrens School 2.18 Km Nearby colleges City Engineering College 4.48 Km RNS Institute of Technology 4.78 Km ICFAI Business School 5.3 Km Dayanand Sagar Institutions 6.51 Km Yellamma Dasappa Institute of tech 3.4 Km Nearby malls Gopalan Mall 11.4 Km Coupon Mall 14 Km Meenakshi Mall 11.2 Km Central 11. 1 Km Nearby shopping complex Metro Cash & Carry 5.7 Km Big bazar 8.7 Km Nearby hospitals Fortis Hospital 12 Km Metro Hospital 4.3 Km Samastha Hospital 3.4 Km Bangalore ENT Hospital 3.6 Km Apollo Hospital 13.1 Km Nearby hotels Heaven Gate 1.8 Km The Tamarind tree 2.8 Km Vasudev Adigas 3.4 Km Nearby IT Parks Electronics City 22 Km Kalyani Magnum InfoTech Park 15 Km Honeywell 13.7 Km Nearby Business Hubs Jayanagar 16 Km BTM 14 Km Dairy Circle 18 Km Electronics City 22 Km Insights Well laid roads which can connect all the places mentioned above Access Related Distance Width Access road for Property Service road Nearby Theatres Cinepolis 11.2 Km Gopalan Movies 11.4 Km PVR Movies 11.1 Km Access to main road/highway 550 mts - Kanakapura Road - 40 ft (120 ft after extension) Access to ring road 800 mts - NICE Road - 120 Ft Insights Good accessibility with proposed extension of Kanakapura road Transport Related Distance Time taken Nearest bus stop 1 Km 5 mins Nearest auto stand With in Vicinity Railway station 27 Km 45 mins Airport 51 Km 1 Hr 14 mins Nearest metro station Anjanapura (proposed) Insights Metro is with in the reach to the property Jodi Apartment Related NA Are Jodi apartments possible? NA Any special process for Jodi applications? NA Insights NA NRI Related How can NRIs book? NA Note: Extra details to be mentioned NA Can I customize the internal layout? NA Does it come with furnishing? NA Insights Drawback/Flaws of the project NA Legal Related Property Taxes NA Construction Related Who is the architect? NA Who is the land scalping vendor? NA Any designer worked on the project?