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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

The Project Site is located in Sai Sree Layout, on Central Jail Road, Parappana Agrahara, Bangalore, Karnataka, India. Central Jail Road (also known as Hosa Road & Kasavanahalli Road) runs parallel to the East boundary of the Property while Bangalore Central Jail shares its campus with the West boundary of the Property. The access road, Central Jail Road, width is 40 ft.

Type of ProjectResidential
Developer NameMahaveer Group
Project LocationNo 95, Sai Sree Layout, Parappana Agrahara, Central Jail Road, Bangalore
Land Area 15.3 acres
No of Units 1090 Apartments
No of Towers / Blocks9 Blocks
Units Configuration 1 BHK - size is 587 to 643 sq ft
2 BHK - size from 1161 to 1201 sq ft
2.5 BHK - size 1364 & 1365 sq ft
3 BHK – size is 1518 to 1726 sq ft
3 BHK Penthouse - size from 1823 to 2475 sq ft
No of FloorsStilt + 14
Completion Timeline July’17 (Phase 1) & July’18 (Phase 2)

Price Quality: ABOUT AVERAGE

We have benchmarked Mahaveer Ranches against other high-rise apartment projects from top builders on or off Central Jail Road. We found the Price of Mahaveer Ranches “Less” compared to most of projects in the same micro-market within 5 Km radius. Unfortunately “Mahaveer” brand is perceived to be mid-income brand and usually not associated with “good quality” product.

Project NameDeveloper NameLocation Units Sizes Price Expected Completion
Mahaveer RanchesMahaveer GroupParappana Agrahara, Central Jail Road587 - 24754700July’17
SJR Blue WatersSJR Prime CorpSilver County Road, Off Central Jail Road655 - 22654650Dec’17
SJR Parkway HomesSJR Prime CorpRayasandra Main Road, Off Central Jail Road975 - 17084200Dec’17
SNN Raj EterniaSNN GroupSilver County Road, Off Haralur Road1150 - 34604786 / 5300March’18 (tower wise)
Purva SkydalePurvankara ProjectsSilver County Road, Off Haralur Road1277 - 19295800Aug’17
ND PassionND DevelopersSilver County Road, Haralur Road1212 - 28935300Completed
Sobha CinnamonSobha DevelopersSilver County Road, Off Haralur Road1451 - 23356600Completed
RBD StiltWaters (Apartments)RBD SheltersSilver County Road, Off Haralur Road1485 - 21764900Dec’17
Prestige Ferns Residency Prestige EstatesReliable Silver Oak Layout, Haralur Road1174 - 25975900Dec’16 (tower wise)

*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: ABOUT AVERAGE

Mahaveer Ranches is located on Central Jail Road (also called Kasavanahalli Road / Hosa Road) and is almost 1 Km South of Central Jail Road & Silver County Road junction. The immediate neighbourhood is low to mid-income locality having hundreds of individual houses spread in several private layouts with poor social infrastructure. There are several high-rise residential projects from top builders like Puravankara, SJR, Sobha and HM Group on Central Jail Road towards Sarjapura Road and on Silver County Road. There are quite a few low-end neighbourhood stores around the Project. Being next to the Central Jain has its own security risks.

LOCATION HIGHLIGHTS

Immediate neighbourhood

The Project is amidst a private layout and has several residential projects from top builders. There are low end retail shops and grocery stores near the Property.
Landmarks nearby

Located next to Central Jail (Project shares East boundary of the Jail campus).
Access Roads

Located on 40 ft Central Jail Road. Haralur Road is 2.0 Km away while Sarjapura Main Road is 4.0 Km from the Property.
Metro Rail

Nearest station is None.
Train Stations

Bangalore City railway station (20 Km); KR Puram Railway Station (19 Km)
Airport

Kempegowda International Airport is 50 Kms away.

SOCIAL INFRASTRUCTURE

Builder Quality: BETTER THAN MOST

Established almost two decades ago Mahaveer Group is one of the largest builders in “mid-income project” category in Bangalore. Since its inception the company has delivered over 100+ residential projects in Bangalore consisting of over 12000+ homes. Recently the Group has ventured into premium and luxury segment even though majority of its projects portfolio consists of low-rise mid-income category. Biggest challenge for the company would be to reposition the brand as a “Premium” brand with great focus on “Quality” which the brand is currently not associated with.

The company has over 200 full-time employees with a strong senior management team. Mahaveer Group has excellent relationships with top banks, NBFCs and Private Equity Funds.

Builder NameMahaveer Group
Flagship Company NameReddy Structures Private Ltd.
Address2nd Floor, The Residency, No. 133/1, Residency Road, Bangalore
Year of Establishment2002
Managing DirectorK Praveen Kumbala Reddy
No. of Projects Completed100+
Popular ProjectsMahaveer Riviera at JP Nagar
Company Websitehttp://www.mahaveergroup.in

Construction Quality: ABOUT AVERAGE

We found “Average” Quality of Construction in all its completed projects. Mahaveer Group has a fairly large construction team and does construction of all projects in-house. We believe an aggressive pricing in all its projects prevent the company from achieving high standard of quality especially finishing.

Construction ContractorIn-house Construction Team
ArchitectKembhavi Architecture Foundation (KAF), is a 40 year old architecture and design firm based out of Bangalore. They are not a Tier-1 architecture firm.
SpecificationsStandard specifications such as Vitrified tiles, teak wood door frames, UPVC in windows, Kohler / Toto Sanitary Wares and Jaguar / Grohe CP Fittings.
Expected CompletionJuly’17 (Phase 1) & July’18 (Phase 2)

AMENITIES & LIFESTYLE

HEALTH & FITNESSGREEN ENVIRONMENTLIFESTYLE & DESIGNX - FACTOR
Clubhouse with Gym.

Squash, Tennis & Basketball Courts.

Indoor Badminton Courts.

Table Tennis.

Jogging Track.

Swimming Pool.

Children Play area.

Cricket Practice Pitch.
Sewage Treatment Plant.

Green Party Lawn.

Rainwater harvesting system.

Fountain Plaza.
Saloon / SPA.

Banquet Hall with stage & dinning.

Multi-purpose hall.

Children Skating Rink.

Party Pavilion.

Open Air Amphitheatre.

Outdoor Cafeteria.

Roof Top Open Party area.

Departmental Store.

Creche.
Elevated Pedestrian Bridge.

Meditation Deck.

Elevated Deck with Seating Court on Water Body.
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