PROJECT IS NICELY LOCATED JUST OUTSIDE THE IT HUB OF WHITEFIELD; PROJECT IS WELL DESIGNED.
The Project Site is located near Hope Farm Junction on Channasandra Main Road, Whitefield, Bangalore, Karnataka, India. The Project Site is accessible through an 80ft wide Channasandra Main road. The Project is coming up on the land where Alembic Glass Factory (Yera brand glasses) was located earlier.
The Property is adjacent to MVJ College of Engineering Campus, which shares the East boundary of the Project site. The 80 ft Channasandra Main road runs parallel to the South boundary of the Property.
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||Alembic Real Estate|
|Project Location||Near Hope Farm Junction, Channasandra Main Road, Whitefield, Bangalore|
|Land Area||8.2 acres|
|No of Units||636|
|No of Towers / Blocks||4 Tower / 16 Blocks|
|Units Configuration||2 BHK - 1314 sq. ft.|
3 BHK - 1762 & 1890 sq. ft.
4 BHK – 2628 sq. ft.
|No of Floors||G+19|
Price Competitiveness Rating: ABOUT AVERAGE
We have benchmarked Alembic Urban Forest against other high-rise apartment projects near Hope Farm Junction in Whitefield. We found the Price of Urban Forest “Less” compared to those of similar apartments in the same micro-market. For its location, amenities and prices compared to other similar projects Alembic Urban Forest is attractively priced.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Alembic Urban Forest||Alembic Real Estate||Hope Farm Jn, Channsandra Main Road||1314 – 1890||5090||Dec’17|
|Marvel Sequoia||Marvel Infrabuild||Hope Farm Jn, Channsandra Main Road||1252 – 1576||4700||June’18|
|Brigade Cosmopolis||Brigade Group||Opp Forum Value Mall, Whitefield Main Road||1320 – 3410||7000||Sep’17|
|Prestige Boulevard||Prestige Estates||Dodsworth Layout, ECC Road||1044 – 1636||5500||Dec’19|
|Sobha Habitech||Sobha Developers||Hope Farm Jn, Channsandra Main Road||1342 – 3584||7000||Completed|
|Prestige White Meadows||Prestige Estates||Whitefield Main Road||5576 – 7854||10000||Completed|
|Prestige Park View||Prestige Estates||Hope Farm Jn, Whitefield Main Road||1220 – 2023||5900||Completed|
*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.
Location Rating: ABOUT AVERAGE
Alembic Urban Forest is located just 700 meters east of Hope Farm Junction on Channasandra Main Road, Whitefield, Bangalore. The immediate neighbourhood is a fast developing residential and Industrial place having several prominent residential apartment projects, Retail shops and Industrial units. A number of prominent high-rise apartment projects such as Prestige Park View, Sobha Habitech, and Prestige White Meadows are present within 2 Km radius.
|Immediate neighbourhood |
Quiet neighborhood with a mix of residential and industrial developments.
|Landmarks nearby |
MVJ College of Engineering Campus is adjacent to the Project. Hope farm junction is just 700 meters from the Project site.
|Access Roads |
Directly accessible from 80ft Channasandra Main road; Whitefield Main Road and ITPL Main Road are just 700 meters away.
|Metro Rail |
Nearest station is Ujwala Vidyalaya (900 meters) planned in Phase II.
|Train Stations |
Whitefield railway station (2.9 Km); KR Puram Railway Station (10.3 Km); Bangalore City Railway Station (24.5 Km)
Kempegowda International Airport is 33 Kms away.
Builder Rating: BELOW AVERAGE
Alembic Real Estate is the real estate development arm of Alemic Group, a 100 year old Indian Conglomerate based out of Vadodra, Gujarat, with diversified interests in Pharmaceuticals, Real estate, Glassware (owns Yera brand), Engineering and Chemicals. Alembic Group has a business turnover of over $500 Million.
Alembic Group launched its real estate arm, Alembic Real Estate, in 2011 with two projects in Vadodra, Gujarat. All its existing projects are on its own lands which earlier had some industrial and manufacturing units. Alembic Group has a very profitable pharmaceuticals business and has invested heavily in its real estate business.
So far it has delivered only 1 project in Vadodra and hence extremely limited experience of project execution.
|Builder Name||Alembic Real Estate|
|Flagship Company Name||Alembic Real Estate|
|Project Execution Company||Shreno Limited|
|Address||Alembic Road, Vadodra, Gujarat|
|Year of Establishment||2011|
|Managing Director||Udit Amin|
|No. of Projects Completed||1|
Construction Quality Rating: ABOUT AVERAGE
Alembic Real Estate has only one completed project in Vadodra, Gujarat, which we haven’t visited physically. Hence we are not in a position to comment on the quality of its completed projects. The Project is fully loaded with amenities especially outdoor sports and recreational activities. The highlight of this Project is 3 acres of open green area including the vast central courtyard.
|Construction Contractor||Gannon Dunkerley, is a large civil construction company with interests in industrial, buildings and infrastructure projects. The company was started in 1924 and has offices across major cities in India.|
|Architect||Mandviwala Qutub & Associates, a Mumbai based architect & interior design company with two decades of experience.|
|Specifications||Standard specifications such as Laminated wooden flooring in master bedroom, Vitrified tiles in other rooms, living & dining areas, Flush doors in all rooms including main door, Cera or equivalent for Sanitary Fixtures and Grohe or equivalent for CP Fittings.|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Children Play Area.
Outdoor Cricket Practice Pitch.
Covered Cycle Track.
|3 acres dedicated for greenery.|
Sewage Treatment Plant.
Landscaped gardens and walkways.
Rainwater harvesting system.
|Indoor Multipurpose hall.|
Entrance Water Feature with Leisure seating.
FTTH (Fiber To The Home) Technology.
|1 acre+ Central Landscaped Area.|
We didn’t find any environmental or regulatory risks associated with this project.
Buyers are advised to take an independent legal and technical opinion before they invest in the Project.