FAQ

FAQ'S

1) WHO ARE THE SOCIETY AND DEVELOPERS?

The projects, Green Town and New Bangalore are under the supervision of the society and is developed by m/s Bangalore Real Estate Company.

2) WHY INVEST IN NORTH BANGALORE?

Bangalore is witnessing a new reformation that has started in North Bangalore. This region is the focus of attention ever since the operation of the Kempegowda International Airport in the year 2008. It is the fastest growing region in the city and is becoming the next residential and commercial destination. Proximity to the Airport, Availability of Space upcoming Tech Parks. Improved connectivity and Real Estate development are the major factors of increasing demand in this region. The prominent locations of North Bangalore are Doddaballapur, Thanisandra, Hennur and Yelahanka. It is the right time to invest in North Bangalore to gain maximum returns for your investments.

3) WHAT ARE THE CHARACTERISTICS OF SBI GREEN TOWN AND NEW BANGALORE?

Green Town and New Bangalore are to be BIAAPA approved plotted development projects the exemplifies class. The projects shall be developed with the emphasis on design and sustainability and will truly redefine what a plotted development is.

4) WHAT ARE THE PROMINENT FEATURES OF SBI GREEN TOWN & NEW BANGALORE?

Green town and New Bangalore comprises of Thar roads with tree-lined avenues, round the clock, underground power supply, underground drainage system and sanitary connections to individual plot. It includes amenities like
• 80ft Main road 40ft & 30ft cross roads
• Underground Electrical supplying lines
• Sewage lines
• Overhead water tank and underground Water connection
• Septic tank
• Avenue/ trees planted on either sides of the roads
• Parks
• Security service at the main entrance

5) Where is the location of Green Town?

Green town is located off-Surdhenupura, Doddaballapura main road, near Rajankunte, Yelahanka Taluq. It is a mere 30 minutes’ drive hebbal, and 20 minutes drive from Kempegowda International Airport.

6) Where is the location of New Bangalore?

New Bangalore is located in Vishwanathapura in Devanahalli near NH 207. It is a mere 30minutes drive from Hebbal, and 20 minutes’ drive from Kempegowda International Airport.

7) Will commuting to the heart of Bangalore city be a problem?

It is common for a working professional to travel for hour’s to get to their workplace in the city. Bangalore is expanding to an extent where it has many hearts, currently, our projects is a 20 minutes’ drive from some of such hearts of the city

  • • KEY distances- - 21kms
  • • KIADB – 2KMS
  • • International Airport – 11km

8) What are the significant developments around the projects?

Nestled ideally between the prime proposed ITIR Project Bangalore, our projects provide convenient access to International Airport, KIADB, Hebbal and also well connected with other city hubs via the NH 207.

Key Points around the development in the area:

  • Lower priced than many key Private residential areas in Bangalore:Yelahanka is fast catching the eye of the property buyers since prices in this field are comparatively lower than other key Private residential areas in Bangalore.
  • Home to many offices : ITIR largest SEZ park is proposed near our projects, this includes some MNCs and major IT/ITES companies.
  • Well-developed social infrastructure: Devenahalli has developed into one of the most preferred residential areas in Bangalore over the past few years. Great schools, reputed hospitals, Airport and day to day convenience are some key areas that draw attention of the investors in this area.

9) Is it possible to build a house in the plot as I fancy?

Yes. However, the statutory norms/ rules of construction set by the govt. should be followed.

10) Is there sufficient water source?

Yes. We have abundant ground water available.

11) Is the title of the property clear?

Yes. The land is freehold, marketable and free from all encumbrances.

12) What are the documents provided while booking?

After receiving the down payment, a receipt & site confirmation letter will be provided by the housing Society

13) What assurance will I get proving my money is safe and not at risk?

During the time of booking you will receive payment receipt, site booking confirmation letter, automatically generated seniority ID and login details where you can check the updates on the project progress and payment status. As the society project is completely observed by government, your money is always in the safe hands.

14) What is the mode of payments?

The payments are done through cheques/DDs/RTGS/NEFT/IMPS, no cash payments is entertained. Initially a down payment of 30% of the total amounted membership fee of Rs 2500/- is paid and the remaining 70% of the amount shall be paid in 3 equal installments at every 8 months. Third installments can be paid along with registration.

15) Why is the price of this project so low?

Societies are non-profit organizations! Here, unlike private layouts the money of the clients are not manually handled by anybody or not in individual hands, but invested in the society land. Unlike private developers, societies don’t take huge loans from banks or other financial institutions, they don’t include the expenses borne by the developer in terms of bank interests. Hence the price is lower.

16) Why is the land procurement so slow? Why doesn’t the society acquire the total land at once?

To acquire the total number of land planned at once, the society need multiple cores of money in hand. If the society takes a loan from any financial institution, it will end up paying huge amount of interest which in turn increases the price of the land and clients will end up paying more than the current price that is being offered. Hence the society buys the land gradually phase by phase as per the requirement.

17) How many plots can I buy?

You can buy 1 plot under 1 membership.

18) Can I transfer the membership?

Yes, you can transfer the membership. T&C apply.

19) What kind of development can be expected around the projects?

  • • The cabinet committee on Infrastructure (CCI) approved an investments proposal for the four lane road of Hoskote- Dobbaspet section of National Highway (NH) 207 in Karnataka under National Highway Development Program (NHDP). The cost of the project will be Rs 1153.30 cores out of which Rs 432.61 cores will be towards land acquisition, rehabilitation, resettlement and pre-construction. The total length of the project is 80.02 km.
  • • Devanahalli Business Park: 413- acre Devanahalli Business Park expects to attract an investment of $2.2 billion over the next three to five years.
  • • International Convention Centre: Bangalore International Convention Centre will be built on 35 acres of land next to the Bangalore International Airport through a public- private- partnership (PPP) model.
  • • Disney Land Theme Park: Department of Tourism determines to boost Karnataka Tourism industry by initiating over 1000-acres of land for a large, multi-attraction, integrated theme park on the lines of Disneyland through a public- private- partnership (PPP) model.

20) What is the status of the land?

The development will be done phase by phase, these are agricultural land and will go for conversion or change of land. Then it will be sent for BIAAPA approved.

21) When will the project be completed?

Our commitment is for 24-36 months from the date of booking via phases.

22) Is there validity for the price list?

The price list may maybe subject to change from time to time. However, the price offered to the clients during their booking respectively is valid and is not subject to change for them during future price change (i9rrespective high or low) T$C applies.

23) Are there any additional payments to be made?

Registration, stamp duty, Khata transfer and incidental charges are payable, based on the prevailing guidelines.

24) How much is the registration and stamp duty?

Approximately 6.65% of the sale value currently.

25) What happens if I cancel my plot?

You can cancel your plot, however a cancellation fee applies & the remaining amount will be returned with 60 working days without interest from the date of cancellation request.

26) When does the development start and when can I take possession of my plot?

Every phase has different dates and stages of development. Please ask for a site visit and speak to our marketing team about the development period.

27) Can the property be resold and what is the transfer charges/brokerage charges involved?

The property can be resold by the client after the registration

28) Can I buy commercial as well as residential sites?

Commercial sites will cost you more than residential sites, so we suggest that you buy residential sites first and then convert them to commercial sites which will be more cost effective for you.

29) Can we book corner sites?

Yes. There is an extra charge of 10 to 15%for corner site. However, this applies only if you are getting an allotment during registration as societies follow the rule of first come first serve basis.

30) Does your project come under RERA?

As of now there is a petition files to challenge the RERA act on the society projects and the honorary Supreme Court is yet to take a decision. Once there is a judgment passed by the Supreme Court we will comply as ordered. For case number and file contact society secretary or president.

Let's Get In Touch!


Ready to start your next project with us? That's great! Give us a call or send us an email and we will get back to you as soon as possible!

Smart Bangalore Infrastructure & Karnataka State,Government Employees Housing Co Operative Society LTD.Sanjeevini Nagar, Sahakarnagar, Bangalore