LOCATED ON CENTRAL JAIL ROAD (HOSA ROAD). PROJECT IS FAIRLY PRICED.
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 Project||Residential|
|Developer Name||Mahaveer Group|
|Project Location||No 95, Sai Sree Layout, Parappana Agrahara, Central Jail Road, Bangalore|
|Land Area||15.3 acres|
|No of Units||1090 Apartments|
|No of Towers / Blocks||9 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 Floors||Stilt + 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 Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Mahaveer Ranches||Mahaveer Group||Parappana Agrahara, Central Jail Road||587 - 2475||4700||July’17|
|SJR Blue Waters||SJR Prime Corp||Silver County Road, Off Central Jail Road||655 - 2265||4650||Dec’17|
|SJR Parkway Homes||SJR Prime Corp||Rayasandra Main Road, Off Central Jail Road||975 - 1708||4200||Dec’17|
|SNN Raj Eternia||SNN Group||Silver County Road, Off Haralur Road||1150 - 3460||4786 / 5300||March’18 (tower wise)|
|Purva Skydale||Purvankara Projects||Silver County Road, Off Haralur Road||1277 - 1929||5800||Aug’17|
|ND Passion||ND Developers||Silver County Road, Haralur Road||1212 - 2893||5300||Completed|
|Sobha Cinnamon||Sobha Developers||Silver County Road, Off Haralur Road||1451 - 2335||6600||Completed|
|RBD StiltWaters (Apartments)||RBD Shelters||Silver County Road, Off Haralur Road||1485 - 2176||4900||Dec’17|
|Prestige Ferns Residency||Prestige Estates||Reliable Silver Oak Layout, Haralur Road||1174 - 2597||5900||Dec’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.
|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)
Kempegowda International Airport is 50 Kms away.
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 Name||Mahaveer Group|
|Flagship Company Name||Reddy Structures Private Ltd.|
|Address||2nd Floor, The Residency, No. 133/1, Residency Road, Bangalore|
|Year of Establishment||2002|
|Managing Director||K Praveen Kumbala Reddy|
|No. of Projects Completed||100+|
|Popular Projects||Mahaveer Riviera at JP Nagar|
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 Contractor||In-house Construction Team|
|Architect||Kembhavi Architecture Foundation (KAF), is a 40 year old architecture and design firm based out of Bangalore. They are not a Tier-1 architecture firm.|
|Specifications||Standard specifications such as Vitrified tiles, teak wood door frames, UPVC in windows, Kohler / Toto Sanitary Wares and Jaguar / Grohe CP Fittings.|
|Expected Completion||July’17 (Phase 1) & July’18 (Phase 2)|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Squash, Tennis & Basketball Courts.
Indoor Badminton Courts.
Children Play area.
Cricket Practice Pitch.
|Sewage Treatment Plant.|
Green Party Lawn.
Rainwater harvesting system.
|Saloon / SPA.|
Banquet Hall with stage & dinning.
Children Skating Rink.
Open Air Amphitheatre.
Roof Top Open Party area.
|Elevated Pedestrian Bridge.|
Elevated Deck with Seating Court on Water Body.