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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

Shriram Southern Crest is a premium high-rise residential apartments located diagonally opposite to JP Nagar metro station on Kanakapura Main Road, JP Nagar, Kumaraswamy Layout, Bangalore, Karnataka, India. The Project Site is directly accessible by 80ft wide Kanakapura Main Road, which runs parallel to the east boundary of the Property. The Project is easily accessible from upscale suburbs of Jayanagar and JP Nagar.

The Project land was initially planned as a retail mall by Unitech Group of Noida. However, post the revelation of 2G telecom scam where Unitech promoters were accused of corruption, the project got delayed and was later cancelled. Finally, the landowners (Unitech is a part owner of the land) offered the land to Shriram Properties to develop it as a residential project.

Below table provides a snapshot of the Project:

Type of ProjectResidential
Developer NameShriram Properties
Project LocationKanakapura Main Road, JP Nagar, Kumaraswamy Layout, Bangalore
Land Area 3.8 acres
No of Units 413
No of Towers / Blocks4 Towers
Units Configuration 2 BHK - 1300 sq. ft.
2.5 BHK - 1405 sq. ft.
3 BHK – 1750 sq. ft.
3 BHK Penthouse - 2570 & 2640 sq. ft..
3.5 BHK - 1960 sq. ft.
4 BHK Penthouse - 3435 sq. ft..
4.5 BHK Penthouse - 3235 sq. ft.
No of FloorsG+18
Completion Timeline Dec’19

Price Rating: ABOUT AVERAGE

We have benchmarked Shriram Southern Crest against other high-rise apartment projects on Kanakapura Main Road & JP Nagar within 5 Kms radius. The arrival of Namma Metro has significantly improved the connectivity of Kanakapura Main Road with the rest of city. Prices have subsequently shot up by over 15% on the Kanakapura Main Road in the last 2 years.

We found the price of Shriram Southern Crest “Less” compared to prices of other competing projects in the immediate vicinity though it is “Expensive” compared to other projects on Kanakapura Main Road down south. Price here reflects the premium of metro station and well-developed neighborhood.

Project NameDeveloper NameLocation Units Sizes Price Expected Completion
Shriram Southern CrestShriram PropertiesJP Nagar, Kumaraswamy Layout, Kanakapura Main Road1300 – 34356890Dec’19
Prestige Brooklyn HeightsPrestige EstatesJP Nagar 1st Phase, Kanakapura Main Road1875 – 35998500July’17
Prestige Falcon CityPrestige EstatesSrinivaspura, Kanakapura Road1204 – 28696500Dec’18
Learning to FlyTotal EnvironmentJP Nagar 6th Phase, Off Outer Ring Road2671 – 560010,750July’18
Mantri SerenityMantri DevelopersSubramanyapura, Kanakapura Road 661 – 17506190Dec’19 (Phase 2)
Nitesh Caesars PalaceNitesh EstatesMunicipal Corporation Layout, Kanakapura Road1199 – 23986000Completed
Mantri TranquilMantri DevelopersGubballa Main Road, Subramanyapura1270 – 20005600Completed

*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 MARCH 16, 2017.

Location Rating: 9

Shriram Southern Crest is located on Kanakapura Main Road, JP Nagar, Kumaraswamy Layout, Bangalore. The immediate neighborhood is a well-developed residential layout having several prominent residential apartment projects from top builders such as Prestige Developers, Adarsh Developers, Puravankara and NCC Urban. The locality also has excellent social infrastructure having several schools, retail shops and hospitals within 2 Km radius. The nearest Metro station is just 100 meters away; hence connectivity of the Project with the rest of Bangalore is excellent.

The only drawback with the location is that the land is next to a graveyard.

LOCATION HIGHLIGHTS

Immediate neighborhood

Well-developed neighborhood having excellent social infrastructure and several res-idential apartment projects.
Landmarks nearby

Project is located at Sarakki Signal, Outer Ring Road and diagonally opposite to Ja-yaprakash Nagar metro station.
Access Roads

Directly accessible from 80ft Kanakapura Main Road. Outer Ring Road is just 50 meters from the Project.
Metro Rail

Nearest station, Jayaprakash Nagar on Kanakapura Main Road, is just 100 meters to the north.
Train Stations

Bangalore City Railway Station (10 Km); Yeshwantpur Railway Station (17 Km)
Airport

Kempegowda International Airport is 44 Kms away.

SOCIAL INFRASTRUCTURE

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 NameShriram Properties
Flagship Company NameShriram Properties Private Limited
AddressNo 40/43, 8th Main, 4th Cross, RMV Extension, Sadashiv Nagar, Bangalore
Year of Establishment1995
Managing DirectorMurali Malayappan
No. of Projects Completed14
Popular ProjectsShriram Gateway, Shriram White House
Company Website http://www.shriramproperties.com

Construction Quality Rating: BETTER THAN MOST

We found “Good” Quality of Construction in all its completed projects. The construction in this Project is outsourced to a well-known Engineering & Construction company. The Project offers large sized apartments with good design features. CnT architects have done a good job on the master plan and unit plans design work.

Though the project is positioned as a premium project and individual units priced upwards of Rs. 1.5 Crores, we didn’t find specification up to the required level. The Project offers standard specifications of a typical non-premium high rise apartment project. Hence we were not able to provide a rating of 8 or higher to the construction quality.

Construction ContractorSimplex Engineering, a well-known engineering and construction company based out of New Delhi and has a pan India presence.
ArchitectCnT Architects, the oldest architectural firm of Bangalore. They have designed some of the landmark residential & commercial properties in Bangalore.
SpecificationsStandard specifications such as: • Laminated wooden flooring in master bedroom and Vitrified tiles in all other rooms, living & dining areas. Deck finish UPVC flooring in open terraces.
• Teak wood Door Frame for the main door; Wood composite doors in rooms.
• UPVC French door cum window for living & master bedroom.
• Branded Sanitary Fixtures and CP Fittings.
Expected CompletionDecember’19

AMENITIES & LIFESTYLE

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

Badminton Courts.

Squash Court.

Indoor Games Room for chess, carrom & cards.

Table Tennis.

Billiards / Pool Table.

Swimming Pool.

Basketball Post.

Jogging Track.

Children Play area.
Organic Waster Convertor.

Sewage Treatment Plant.

Landscaped gardens and walkways with water bodies.

Rainwater harvesting system.

Maze Garden.
SPA with Steam & Sauna.

Amphitheatre.

Multi-purpose Hall.

Meditation Room.

Departmental Store.

Senior Citizen Park.

Library.

Creche.

CCTV at main security.

Skating Rink.

WiFi Connectivity.
None

We didn’t find any regulatory or environmental related issues with the project. However buyers are advised to conduct an independent legal and technical due-diligence of the project before investing in the project.

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