SPORTS CENTRIC PROJECT; EXPENSIVE FOR THE LOCATION
The Project name is Sobha Arena while The Park and The Plaza are actually two different blocks of Sobha Arena. The Project is a premium luxury apartment project from Sobha Limited. The review of The Park and The Plaza project is same as that of Sobha Arena.
The Project Site is located just off Kanakapura Main Road, Talaghattapura, Bangalore, Karnataka, India. The Project Site is accessible through a 40ft wide which connects directly to Kanakapura Main Road. This road is also the access road to Vakil Garden City layout which shares the south boundary of the Project land. The Project is located behind Yashasvi International School.
Below table provides a snapshot of Sobha Arena:
|Type of Project||Residential|
|Developer Name||Sobha Group|
|Project Location||Talaghattapura, Off Kanakapura Main Road, Bangalore|
|Land Area||10.8 acres|
|No of Units||659 (The Park and The Plaza has 298 units)|
|No of Towers / Blocks||6 Blocks|
|Units Configuration||2 BHK - 1290 - 1322 sq. ft.|
3 BHK – 1585 - 1695 sq. ft.
|No of Floors||G+18|
|Completion Timeline||The Park is Dec 2018 & The Plaza is Sept 2019|
Price Rating: ABOUT AVERAGE
We have benchmarked Sobha Arena (The Park and The Plaza) against other high-rise apartment projects on Kanakapura Main Road towards North within 5 Km. We found the price of the Project “Less” compared to prices of other competing projects on Kanakapura Main Road. The relatively lower price is because of the location which has minimal social infrastructure at present. All other competing projects are upwards of North closer to the city. Also other projects are very close to the existing Metro line. Hence, a premium in their price is expected. For this location price of Sobha Arena appears to be “Expensive“.
The arrival of Namma Metro has improved the connectivity of Kanakapura Main Road with the rest of City significantly. Prices have also shot up by over 15% on the Kanakapura Main Road in the last 2 years. Phase 2 of Namma Metro will make the stretch of Anjanapura – Puttenahalli operational and shall provide major fillip to demand for residential projects on this stretch. Talaghattapura metro station is opposite to the Project on Kanakapura Main Road.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Sobha Arena (The Park and The Plaza)||Sobha Developers||Talaghattapura, Kanakapura Road||1296 – 1706||5600||Sep’19|
|The Magic Faraway Tree Phase II||Total Environment||Talaghattapura, Kanakapura Road||589 – 4498||8600||Aug’20|
|Mantri Serenity||Mantri Developers||Subramanyapura, Kanakapura Road||661 – 1750||6190||Dec’19 (Phase 2)|
|Prestige Falcon City||Prestige Estates||Srinivaspura, Kanakapura Road||1204 – 2869||6500||Dec’18|
|Nitesh Caesars Palace||Nitesh Estates||Municipal Corporation Layout, Kanakapura Road||1199 – 2398||6000||Completed|
|Prestige Lake Ridge||Prestige Estates||Thurahallai Road, Subramanyapura||1314 – 1890||4600||Dec’17|
|Mantri Tranquil||Mantri Developers||Gubballa Main Road, Subramanyapura||1270 – 2000||5600||Completed|
|Prestige Brooklyn Heights||Prestige Estates||JP Nagar 1st Phase, Kanakapura Main Road||1875 – 3599||8500||July’17|
|Shriram Southern Crest||Shriram Properties||JP Nagar 1st Phase, Kanakapura Main Road||1300 – 3235||7300||Aug’18|
*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 27, 2017.
Location Rating: ABOUT AVERAGE
Sobha Arena (The Park & The Plaza) is located just off Kanakapura Main Road, Talaghattapura, Bangalore. The immediate neighborhood is an upcoming residential place having few residential apartment projects from top builders such as Nitesh Estates and Total Environment. The immediate locality has minimal social infrastructure without any recognized retail shop or healthcare facility; however it has good connectivity to schools, retail shops and hospitals that are more than 5 Km away from the Project.
With the arrival of Phase 2 of Namma Metro on Kanakapura Main road till Talaghattapura, connectivity of the Project with the rest of Bangalore shall increase multi-fold.
|Immediate neighborhood |
Few residential apartments projects with minimal social infrastructure such as schools, healthcare facilities and shops. There is a private layout Vakil Garden City next to the Project.
|Landmarks nearby |
Yashasvi International School is next to the Project. Talaghattapura Police Station is just 700 meters to its north.
|Access Roads |
Directly accessible from 40ft Vakil Garden City Road. Kanakapura Main Road is just 75 meters from the Project. NICE Road junction is just 1 Km from the Project.
|Metro Rail |
Nearest station is the proposed Talaghattapura Station on Kanakapura Main Road which is just 80 meters from the Project.
|Train Stations |
Bangalore City Railway Station (16 Km); Kengeri Railway Station (14 Km); Ye-shwantpur Railway Station (27 Km)
Kempegowda International Airport is 56 Kms away.
Builder Rating: AMONG THE BEST
Sobha Limited is one of the most admired real estate development companies in India with a pan India presence. Headquartered in Bangalore, Sobha is primarily focused on residential and contractual projects. The Company’s residential projects include presidential apartments, villas, row houses, luxury and super luxury apartments, plotted development. Since its inception Sobha has completed 116 real estate projects and 280 contractual projects covering about 84.96 million square feet of area. The Company has real estate projects in 9 cities such as Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin and Mysore.
Sobha is probably the only backward integrated real estate player in the country and has its own construction vertical, interiors division, a metal works and glazing factory and a concrete products factory. The Company conforms to the ISO 9001, ISO 14001 and OHSAS 18001 certifications for its quality, safety and environment management systems. Sobha employs around 2,800 people directly.
|Builder Name||Sobha Group|
|Flagship Company Name||Sobha Limited|
|Project Execution Company||Devarabisanahalli, Bellandur Off Sarjapur - Marthahalli Outer Ring Road (ORR), Bangalore|
|Year of Establishment||JC Sharma|
|No. of Projects Completed||Sobha Magnolia, Sobha Aster|
|Popular Projects||Bren Primus at Koramangala, Bren iPark at Whitefield|
Construction Quality Rating: AMONG THE BEST
We found “Excellent” Quality of Construction in all its completed projects. The Company does all the construction related activities including project designs in-house. Being a backward integrated company allows Sobha to have complete control over cost as well as quality of work that it delivers to its clients.
The Project offers a wide range of amenities and sport facilities to its residents. The project is designed around the theme of sports & open spaces. However, we believe the project lacks some of the most prominent outdoor sports facilities for teens & adults such as Basket Ball Court & Tennis Court and outdoor amenities such as Senior Citizen’s Corner & Landscaped Gardens which are offered by almost all other competing projects.
|Construction Contractor||In-house construction by Sobha Limited.|
|Architect||In-house team of Sobha Limited.|
|Specifications||Standard specifications such as
• Vitrified tiles in all rooms, living & dining areas.|
• Ceramic tiles in Kitchen, Bathrooms & Balconies.
• Timber door frame for main door and bedroom doors.
• Aluminium glazed sliding windows.
• Branded Sanitary Fixtures and CP Fittings.
|Expected Completion||The Park is Dec 2018 & The Plaza is Sept 2019|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|24,000 sq. ft. Club-house with Gym. |
Pool / Billiards Table.
50 mts long 3 Lane
25 mts Swimming Pool.
Multi Sports Ground.
Children Play area.
Kind’s Racing Bay.
|Sewage Treatment Plant.|
Organic Waste Convertor.
Rainwater harvesting system.
Picturesque Lake Promenade
Multi-purpose Party Hall.
Pool Side Party Hall.
Provision for Depart-mental Store.
80% Open Area.
|Outdoors Sports Amenities for Children.|
Sobha Arena (The Park & The Plaza) has received all required NOCs from concerned authorities and plan sanctions from BDA and BBMP. Though the Project is located next to a lake we believe there is no risk to it from the NGT ruling of May’16. This is because the project has received approvals before the NGT judgement of May’16.
Buyers are advised to conduct an independent legal and technical due-diligence before their investment.