Thursday, May 15, 2008

flats & e-advertisements in Bangalore

I never had patience or passion to search a best flat (in terms of price, locality, quality) in Bangalore. Finally, I decided to buy a flat in the same apartment where my friend has bought ( He has done some research!!).

I was discussing about the flat with my colleague and she said there are better flats for less price and she sent me a list of advertisements (she sent advts from 99acres.com). OK, I decided to sit in-front of computer and call the advertisers and wanted to do some research. I am publishing them here, thinking that it may be useful for you.

Go through this if you have patience and interest and respond if I am wrong and if you have different views.

Summary: Though there are lot of ads in Internet for less price, I don’t think any builder is really selling at that price (in the areas advertised).

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Total advts that my friend has sent : 23

All these 23 advts came from only 2 builders. from BPM builders is 15, from Sai Shakthi builders is 8


from BPM builders: 15
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price range: 17-23 Lacs
mostly from Kaggadasapura, CV raman nagar

I tried calling these folks on 5-6 numbers. Either they are not reachable or they didnt pick the phone (at 7pm).


from Sai Shakthi builders : 8
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price range: 17 - 23 Lacs
mostly from Kagadasapura, CV raman nagar

Did not talk to these folks seperately as I already talked reg their project in white field (beyond ITPL in Prashanthi layout). For the whitefield project, price they quoted in the advt (in magicbricks) is 26 Lacs. When I talked to them the price they told is 38 Lacs (incl everything). Occupation in 2 months. Rs2400 per sft (negotiable). They have 2 more projects arnd whitefield, with same price, if I go there they can show the projects and we can go for negotiation.

My conclusion:
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The listings that we see in 99acres or magicbricks are useless. For the same project, same flat there are multiple advts with multiple prices... and the actual price is far far higher than the proce they are quoted in the advt.

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FROM WWW.MAGICBRICKS.COM:
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Initially I searched with various options. I saw lot of duplicates (with different prices), so I was careful while printing. But still there were many many duplicates !!!

My primary search was on Brookefields, Whitefield, marathahalli and surrounding areas. with price range 20-30 Lacs.

No of advts that I printed: 21

- from frontline builders : 5 (not attempted to talk, becos I talked to them 2-3 weeks ago and found not worth taling to them)
- No ph num/Wrong ph num/ not interested = 6
- Could not reach but worth considering = 2
1) in Kaggadasapura = 26.4 + x = 29.9L (1100 sft)
2) in AECS layout = 26L + reg (1150 sft)


I talked in detail with 3 folks ( 8 listings but effectively only 3, remaining were duplicates)


1) sai shakthi properties: ( 4 listings)
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- CV raman nagar, 23 L, 1042 sft, advt by Nandita
- CV raman Nagar, 27 L, 1150 sft, advt by Nandita
- CV raman Nagar, 21 L, 1060 sft, advt by Nandita
- White field, 26 L, 1035 sft, advt by Nandita

( This is what I got though I tried to avoid duplicates while printing).

I talked reg white field project:

Rs2400 per sft (nego), located beyond ITPL, 72 flats total, 2 months,
sizes available = (in 2 BHK) 1312 sft, 1317 sft,
price : 38 Lacs (1312 sft)

I asked if they have other projects in white field area. He said there are 2 more, but same cost and he asked me to visit the project site to talk further.

Conclusion: There is no match between what they advt and what they told on ph.

2) AR group ( 2 listings)
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- Brooke fields, AECS, 24.5 L, 1112 sft, by Khan
- Brooke fields, AECS, 24.55 L, 1116 sft, by Khan

When I enquired they said, they have only 3 BHKs in AECS layput project.

- They have flats in Byrasandra (CV raman nagar - interior??) 1105 sft, 32.5 L
- They have flays in Kasthuri Nagar (non - BDA layout, near CMR college), 1192 sft, 32 L, (total 24 flats)
- flats in whitefield, 1098sft, Rs2000 per sft, basic cost = 23L, X = 3.5 L, reg = 1.5 L . total = 28.5 (dont ask me how?), 2 months for occupation.

conclustion: Its in BMP site and also small apartment (with out extra amenities). But its costly(30+ Lacs).

3) No builder name: but advrtser name is Laksha. (2 listings)
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- Kaggadasapura, 20L, 960 sft,
- Kundanahalli, 25L, 1120sft.

I talked to them reg Kundanahalli project.

- total 8 flats, built in 60x40 site, near bageecha restaurant, 1020 sft, 24.17L + X = 27L.

Conclusion: Apt in 60X40 site ???