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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

The Project Site is located on Neo Town Road, opposite Neo Mall*, Electronic City Phase 1, Bangalore, Karnataka, India. The Project Site is accessible through an 80ft wide Neo Town road, which runs parallel to the West boundary of the Property. GM Infinite’s E-City Town project shares East & South boundaries with the Property.

*Note: The construction of Neo Mall has been stopped for a long time now. Its developer Patel Realty, which owns the entire 120 acre+ Neo Town Township, has suspended further developments in Neo Town including the mall. Patel Realty has sold a large tract of undeveloped lands in Neo Town to several other builders. GM Infinite bought around 27 acres which is being developed as Global Techies Town.

Type of ProjectResidential
Developer NameGM Infinite
Project LocationOpposite Neo Mall (under construction), Neo Town Road, Electronic City Phase 1, Bangalore
Land Area 27 acres
No of Units 4256
No of Towers / Blocks3 Towers / 15 Blocks
Units Configuration 2 BHK - 900, 1025 & 1150 sq. ft.
3 BHK - 1500 & 1550 sq. ft.
No of FloorsG+31
Completion Timeline Dec’20 onwards

Price Rating: BETTER THAN MOST

We have benchmarked Global Techies Town against apartments in Electronic City Phase 1. We found the Current Price of Global Techies Town “Very Less” (unbelievable to be precise) compared to other apartment projects in the same micro-market. The project also offers significantly higher number of amenities compared to other projects.

Project NameDeveloper NameLocation Units Sizes Price Expected Completion
Global Techies TownGM InfiniteNeo Town Road900 – 15502650Dec’20
Prestige Sunrise ParkPrestige EstatesNeo Town Road631 - 16474700Sep’17
Shriram SummitShriram PropertiesGollahalli Electronic City Road720 – 15954650Dec’17
Aratt RequizzaAratt BuildersGollahalli Road, off Neo Town Road1395 - 17314200Completed
MJR CliqueMJR GroupGollahalli Road, off Neo Town Road690 – 15704200Dec’17
GM E-City Town Ph2GM InfiniteBehind Global Techies Town, off Neo Town Road1025 - 15004500June’19

*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 17, 2017.

Location Rating: ABOUT AVERAGE

Global Techies Town is located on Neo Town Road, opposite Neo Town Mall (under-construction), Electronic City Phase 1, Bangalore. The immediate neighbourhood is Neo Town which has few high-rise projects from Patel Realty but very limited social infrastructure such as retail shops, clinics and schools. Projects in Electronic City are good for people working in & around Electronic City.

DMart, which is the only large retail format store in Electronic City, is 4 Km from the Property. There is no operational mall in Electronic City and hence residents who wish to shop have to travel to Koramangala (which is less than 30 mins drive due to elevated flyover) or Bannerghatta Main Road.

LOCATION HIGHLIGHTS

Immediate neighbourhood

Has few high-rise apartments with very limited social infrastructure such as retail shops.
Landmarks nearby

Opposite Neo Mall (which is now unfinished) on Neo Town Road.
Access Roads

Directly accessible from 80ft Neo Town Road. Neeladri Road is 3 Km and Electronic City Elevated Flyover is 3.4 Km away from the Property.
Metro Rail

None.
Train Stations

Bangalore City Railway Station (24 Km); KR Puram Railway Station (27 Km); Yeshwanthpur Railway Station (38 Km )
Airport

Kempegowda International Airport is 55 Kms away.

SOCIAL INFRASTRUCTURE

Builder Rating: ABOUT AVERAGE

GM Infinite was a construction and contracting firm before venturing into its own branded real estate development. It has constructed several Hospitality, Residential, Commercial and Educational buildings for third parties as a contractor.

GM Infinite launched its first project “GM Daffodils” under its own brand “GM” in 2009. GM stands for Gulam Mustafa, which is the name of the promoter of this company. It has so far completed two residential projects under its own brand – GM Daffodils and GM Ecity Town, which was a big success because of its aggressive pricing.

Builder NameGM Infinite
Flagship Company NameG M Infinite Dwelling (India) Private Limited
AddressNo 6, GM Pearl, BTM Layout 1st Stage, Near Silk Board, Outer Ring Road, Bangalore
Year of Establishment2007
Managing DirectorGulam Mustafa
No. of Projects Completed3
Popular ProjectsGM E-City Town
Company Website http://www.gminfinite.com

Construction Quality Rating: ABOUT AVERAGE

We found “Average” Quality of Construction in its completed projects. The construction in all its Projects are done in-house as the company in its previous avatar was a construction & contracting company.

Construction ContractorIn-house by GM Infinite
ArchitectIn-house by GM Infinite
SpecificationsStandard specifications such as Vitrified tiles in all rooms, kitchen & dinning room, Sanitary & CF Fittings of Cera or equivalent, UPVC windows, Hardwood door frames in bedrooms & main door.
Expected CompletionDec’20 onwards

AMENITIES & LIFESTYLE

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

Tennis & Badminton Courts.

Table Tennis & Other Indoor Games.

Half Basketball Court.

Kids Play Area.

Swimming Pool.

Pool Table.

Cricket Practice Pitch.

Multi-purpose Court.

Mini Soccer Field.
Several Outdoor Themed Landscaped Gardens.

Multi-purpose Lawns.

Sewage Treatment Plant.

Rain Water Harvesting.
Multi-purpose Hall.

Spa with Steam & Sauna.

Creche.

Party Lawn.

Amphitheatre.

Senior Citizen Corner.

Meditation Lawn.

Pharmacy.

Departmental Store.

Guest Rooms.
100 different types of amenities.

Golf Putting Range.

Mini Theatre.

No Common wall between any two apartments.

80% Green Open Space.

The Current Selling Price of Global Techies Town is just Rs. 2650/- per sq ft. We believe the cost of construction (without including cost of land) for a 31 storeyed project itself would be equal or more than the offer price. Also a high-rise project leads to cash flow issues for the builder if sales are slow. This is because collection of sold units will be linked to construction of slabs, which in this case will be over a period of at least 4 years.

This is the largest project ever taken by the builder in its history. We foresee significant challenges in the execution of this project unless the builder quickly ramps up its management team, execute the project on time & focusses on sales & collection.

Buyers have to bear in mind that any period of poor sales may lead to cash flow problem for the builder and hence project delay. In such scenario quality of project might suffer as well.

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