VALUE PRODUCT IN HEART OF ELECTRONIC CITY
The Project Site is located on Gollahalli Electronic City Road, Electronic City Phase 1, Bangalore, Karnataka, India. The Project Site is accessible through a 60ft wide Gollahalli Electronic City Road, which runs parallel to the West boundary of the Property. The Property is just 300 meters South of Software Technology Park of India (Cyber Park).
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||Shriram Properties|
|Project Location||Gollahalli Electronic City Road, Electronic City Phase 1, Bangalore|
|Land Area||15 acres|
|No of Units||1128|
|No of Towers / Blocks||17 Blocks|
|Units Configuration||1 BHK - 720 - 770 sq. ft.|
2 BHK - 1135 -1215 sq. ft.
2.5 BHK – 1335 & 1340 sq. ft.
3 BHK – 1390 - 1595 sq. ft.
|No of Floors||G+13|
|Completion Timeline||Ph 1 & 2 in Dec’17; Ph 3 in June’19|
Price Rating: ABOUT AVERAGE
We have benchmarked Shriram Summit against apartment projects in Electronic City Phase 1. We found the Current Price of Shriram Summit “Comparable” (unbelievable to be precise) compared to other apartment projects in the same micro-market. Apartment from Prestige Sunrise Park, Shriram Summit is the only high-rise project from a Category A builder in Electronic City.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Shriram Summit||Shriram Properties||Gollahalli Electronic City Road||720 – 1595||4650||Dec’17|
|Prestige Sunrise Park||Prestige Estates||Neo Town Road||631 - 1647||4700||Sep’17|
|Global Techies Town||GM Infinite||Neo Town Road||900 – 1550||2690||Dec’20|
|Aratt Requizza||Aratt Builders||Gollahalli Road, off Neo Town Road||1395 - 1731||4200||Completed|
|MJR Clique||MJR Group||Gollahalli Road, off Neo Town Road||690 – 1570||4200||Dec’17|
|GM E-City Town Ph2||GM Infinite||Behind Global Techies Town, off Neo Town Road||1025 - 1500||4500||June’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 20, 2017.
Location Rating: ABOUT AVERAGE
Shriram Summit is located on Gollahalli Electronic City Road, Electronic City Phase 1, Bangalore. The immediate neighbourhood has a number of industrial and commercial (IT/ITES) offices but has very poor 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 2 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.
|Immediate neighbourhood |
Has few high-rise apartments & Industrial offices and limited social infrastructure such as retail shops.
|Landmarks nearby |
Just 300 meters South of Software Technology Park of India (Cyber Park).
|Access Roads |
Directly accessible from 60ft Gollahalli Electronic City Road. Neeladri Road is 1.5 Km and Electronic City Elevated Flyover is 1.5 Km away from the Property.
Nearest station is None.
|Train Stations |
Bangalore City Railway Station (24 Km); KR Puram Railway Station (24 Km); Yeshwanthpur Railway Station (36 Km )
Kempegowda International Airport is 53 Kms away.
Builder Rating: AMONG THE BEST
Shriram Properties is a 20 years old real estate development company with presence in Bangalore, Chennai, Hyderabad, Vishakhapatnam, Coimbatore and Kolkata. Shriram Properties is a part of renowned Shriram Group, a diversified Rs. 90,000 Crore Indian Conglomerate with interests in Financial Services, Infrastructure & Energy, Food & Retail and Industrial Manufacturing. Shriram Properties has delivered around 14 projects spanning 20 million sq ft of area in residential and commercial verticals. Shriram Properties also owns an IT / ITES SEZ Shriram Gateway in Chennai.
Shriram Properties is one of the few property developers in India which has attracted significant amount of Foreign Direct Investments from leading Foreign Private Equity Funds. They have excellent banking relationship with all leading Nationalised and Private Banks, NBFCs and Housing Finance Companies.
|Builder Name||Shriram Properties|
|Flagship Company Name||Shriram Properties Private Limited|
|Project Execution Company||Shriram Properties Private Limited|
|Address||No 40/43, 8th Main, 4th Cross, RMV Extension, Sadashiv Nagar, Bangalore|
|Year of Establishment||1995|
|Managing Director||Murali Malayappan|
|No. of Projects Completed||14|
|Popular Projects||Shriram Gateway, Shriram White House|
Construction Quality Rating: BETTER THAN MOST
We found “Good” Quality of Construction in all its completed projects. The construction in its Projects are outsourced to large Engineering & Construction companies. In this Project, BL Kashyap was the contractor for Phase 1 while Phase 2 & 3 are being done by D3 Constructions (D3 was recently started by Mr. Bhanu Dhar, ex-CEO of Mfar Constructions, a prominent construction company based out of Bangalore & Middle East). We can expect good quality work from both these construction companies. The Project offers a wide range of amenities and sports facilities.
|Construction Contractor||BL Kashyap & D3 Constructions|
|Specifications||Standard specifications such as Laminated wooden flooring in Master bedroom, Vitrified tiles in all other rooms, kitchen & dinning room, Sanitary Fitting of Hindware or equivalent, CP Fittings of Jaguar or equivalent, Teakwood door frame for Main door only, and UPVC doors in other rooms & windows.|
|Expected Completion||Dec’17 onwards|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Indoor Badminton Courts.
Half Basketball Court.
Kids Play Area.
|Maze Garden. |
Sewage Treatment Plant.
Rain Water Harvesting.
|Multipurpose Hall. |
Steam & Sauna.
Senior Citizen Corner.
We didn’t find any risk factors associated with the Project.