EXCELLENT LOCATION; RARE SUPPLY OF LARGE RESIDENTIAL PROJECT IN KORAMANGALA
The Project Site is located on 1st Main Road, ST Bed, Koramangala 1st Block, Bangalore, Karnataka, India. The Property is just 400 meters from Wipro Park Signal and near Mantri Classic apartment project. The Property is amidst an extremely well developed residential layout and is between 4th Block and 1st Block of Koramangala.
|Type of Project||Residential|
|Developer Name||G: Corp Group|
|Project Location||1st Main Road, ST Bed, Koramangala 1st Block, Bangalore|
|Land Area||2.5 acres|
|No of Units||234|
|No of Towers / Blocks||3 Blocks|
|Units Configuration||2 BHK – 1339 sq ft |
3 BHK – 1521 to 2311 sq ft
4 BHK – 2831 to 4233 sq ft
|No of Floors||1 Block is Stilt+7 and 2 Blocks are Stilt + 14|
Price Competitiveness Quality: ABOUT AVERAGE
We have benchmarked G: Corp Residences with high-rise apartment projects in the same micro-market. There are several old and ongoing high-end high-rise residential apartment projects in the vicinity.
We found the Price of the project “Competitive” compared to other projects in the same micro-market. Real Estate Prices in Koramangala is quite expensive due to lack of land availability, limited new supply of inventory and strong demand for premium residential units in Koramangala. The Price of Residences is lower than the next door development Prestige Pinewood even though specifications of G Corp Residences is higher than that of Pinewood.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|G-Corp Residences||G Corp Builders||Koramangala 1st Block||1339 – 2831||10600||July’19|
|Prestige Pine Wood||Prestige Estates||Koramangala 1st Block||1249 – 2503||12000||Dec’18|
|Chourasia Signature||VKC Developers||Koramangala 1st Block||1543 – 2060||10000||Completed|
|Advaitha Aksha||Advaitha Ventures||Koramangala 1st Block||1948 – 3458||9500||Jan’18|
|Raheja Vivarea||K Raheja Corp||Koramangala 1s Block||2285 – 5525||12000||On Hold|
*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.
NOTE: Price last updated on FEBRUARY 12, 2017.
Location Quality: AMONG THE BEST
G Corp Residences is located in Koramangala 1st Block ST Bed. The Property is close to Mantri Classic project. The immediate neighbourhood is a well-developed residential layout with a large number of bungalows, low-rise apartments, retail shops, clinics and commercial offices. The Property is just 400 meters from Wipro Park Signal and 1.2 Km from Sony World Signal.
|Immediate neighbourhood |
Is a well-developed residential layout of Koramangala 1st Block and 4th Block with plenty of low-rise apartments, individual houses and retail shops.
|Landmarks nearby |
Located just 100 meters from Wipro Park (Signal) and Mantri Classic Project towards ST Bed.
|Access Roads |
Access Road is newly laid 80 ft BDA road which connects to 60 ft 1st Main Road of Koramangala 1st Block. Hosur Main Road is 1 Km from the Property.
|Metro Rail |
Nearest station is None.
|Train Stations |
Bangalore City railway station (11 Km); KR Puram Railway Station (11 Km)
Kempegowda International Airport is 41 Kms away.
Builder Rating: BETTER THAN MOST
G Corp Group is a known real estate builder having multi-city presence. It has completed 19 residential and retail projects in Bangalore, Mumbai and Pune. It is promoted by Mr. Ghanshyam Sheth, who was the promoter and founder director of Godrej Foods Limited. G Corp operates two main development entity: G: Corp Pvt. Limited for Bangalore Projects and G: Corp Developers Pvt. Limited for Mumbai projects.
We found G Corp to be conservative builder with very few selected projects under construction. It exposure to banks and financial institutions are also limited.
|Builder Name||G Corp Group|
|Flagship Company Name||G: Corp Pvt. Limited|
|Address||21/19 Craig Park Layout, Off M. G. Road, Bangalore - 560001|
|Year of Establishment||2001|
|Managing Director||Ghanshyam Sheth|
|No. of Projects Completed||19|
|Popular Projects||1 MG Mall|
Construction Quality Rating: BETTER THAN MOST
We found “Good” Quality of Construction in all G: Corp completed projects. The Company has outsourced construction of this project to a third party contractor, which is not a known engineering company. Even though the Project is designed by the well-known design firm Andy Fisher of Singapore, the local architecture firm coordinating the design work is not a known name in Bangalore. We found the floor plan to be average and not up to the required standard of a luxury product.
|Construction Contractor||Lakshmi Nirman Pvt. Ltd., a Bangalore based construction company.|
|Architect||Andy Fisher Workshop @ Singapore along with A&A Architects & Planners @ Bangalore|
|Specifications||Premium specifications such as marble flooring in Living & Dinning room, Laminated wooding flooring in bedrooms, Teak wood door frames, Marble flooring in all Toilets, Geyser in all Toilets, UPVC with mosquito mesh in windows, Rocca Sanitary Wares and CP Fittings.|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Squash & Badminton Courts.
Table Tennis / Chess / Carrom.
Infinity Swimming Pool on 8th floor.
Billiards / Snooker.
Children Play area.
|Sewage Treatment Plant.|
Sky Gardens on Terraces.
Rainwater harvesting system.
|Yoga / Meditation Deck on Terrace Floor.|
The Project land is part of a private layout which was under litigation for over a decade. The builder has communicated that the litigation on the land is over and has received a favourable response from the higher courts. The project is approved by all leading banks. Buyers are advised to take an independent legal opinion of the land.