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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

SNN Raj Spiritua is a high rise boutique luxury apartment project by SNN Builders in Banashankari, Bangalore South. The Property is located at 100 feet Kanakapura Main road, just 300 meters north of Jayaprakash Nagar Metro station. The Project is located within a dense but well developed BDA layout.

Below table provides a snapshot of SNN Raj Spiritua:

Type of ProjectResidential
Developer NameSNN Builders
Project LocationOmarbagh Layout, Banashankari, Kanakapura Main Road, Bangalore
Land Area 1 acres
No of Units 69
No of Towers / Blocks1 Tower / 2 Blocks
Units Configuration 3 BHK - 2425 - 2440 sq. ft.
4 BHK - 3300 - 3335 sq. ft.
No of FloorsG+15
Completion Timeline December 2017

Price Rating: ABOUT AVERAGE

We have benchmarked SNN Raj Spiritua against other high-rise apartment projects within 5 Km radius. We found the price of the Project “Less” compared to prices of other competing projects. In our opinion the lower price is primarily because of lower brand equity of SNN Builders compared to its much larger competitors such as Prestige Group and Sobha as well as smaller size of the project which offers limited amenities to its residents.

The Project is located in a densely developed layout with very limited large land supply in the immediate neighborhood. We believe there would be strong demand for this property even in future because of close proximity to Namma Metro.

Project NameDeveloper NameLocation Units Sizes Price Expected Completion
SNN Raj SpirituaSNN BuildersBanashankari, Kanakapura Road2245 – 33358100July’17
Sobha Clovelly Sobha DevelopersSubramanya Pura Road, Padmanabhanagar1296 – 17068300Sep’19
Prestige Brooklyn HeightsPrestige EstatesJP Nagar 1st Phase, Kanakapura Main Road1875 – 35998500July’17
Shriram Southern CrestShriram PropertiesJP Nagar 1st Phase, Kanakapura Main Road1300 – 32357300Aug’18
Prestige Falcon CityPrestige EstatesSrinivaspura, Kanakapura Road1204 – 28696500Dec’18
Learning to FlyTotal EnvironmentJP Nagar 6th Phase, Off Outer Ring Road2671 – 560010,750July’18
Peninsula HeightsPeninsuala LandJP Nagar 2nd Phase, Off Marenahalli Road3240 – 680010,000Dec’18
Manikchand 117FFRR BuildconJayanagar 7th Block, Kanakapura Road1673 – 303811700Dec’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 April 13, 2017.

Location Rating: BETTER THAN MOST

SNN Raj Spiritua is located at 100 ft Kanakapura Main Road, Brindavan Layout, Omarbagh Layout, Banashankari. The immediate neighbourhood is well-developed but densely populated residential place having primarily individual houses and few high-rise boutique apartments. The immediate locality has excellent social infrastructure and connectivity due to proximity to Namma Metro. There are a number of schools, hospitals and retail shops in the neighbourhood.

The Project is very close to upscale suburbs of Jayanagar and JP Nagar.

LOCATION HIGHLIGHTS

Immediate neighborhood

Well developed & densely populated BDA layout having primarily individual houses and few high-rise apartments. The immediate neighbourhood has excellent social infrastructure such as schools, healthcare facilities and shops as well as close proximity to Namma Metro.
Landmarks nearby

The Project is located just 300 meters north of Jayaprakash Nagar metro station.
Access Roads

Directly accessible from 100ft Kanakapura Main Road. Outer Ring Road is just 350 meters from the Project.
Metro Rail

Nearest station is Jayaprakash Nagar Metro Station (300 meters) on Kanakapura Main Road.
Train Stations

Bangalore City Railway Station (9 Km); Yeshwantpur Railway Station (15 Km)
Airport

Kempegowda International Airport is 42 Kms away.

SOCIAL INFRASTRUCTURE

Builder Rating: ABOUT AVERAGE

SNN in SNN Builders stands for the first letter of three promoters – Sanjay Shah, Nitin Agarwal and Nikhil Agarwal. It is a recent entrant in Bangalore realty market however they have taken the industry by storm. They have delivered few very large developments such as SNN Lake View and SNN Raj Serenity in Bangalore and that too “on time” which is quite commendable for a new player. Promoters were into non-realty business before venturing into real estate development.

Since its inception the company has delivered over 6 large residential projects in Bangalore consisting of over 5000 homes. The company has over 100 full-time employees with a strong senior management team.

Builder NameSNN Builders
Flagship Company NameSNN Builders Private Limited
AddressSNN Mind’s Eye, No. 4 Diagonal Road, Jayanagar 3rd Block, Bangalore
Year of Establishment2009
Managing DirectorSanjay Shah
No. of Projects Completed6
Popular ProjectsSNN Raj Lakeview, SNN Raj Serenity
Company Website http://www.snnbuilders.com

Builder Rating: ABOUT AVERAGE

We found “Average” Quality of Construction in all its completed projects. However, the biggest and most attractive feature in a SNN project is the wide range of world class amenities and sports facilities. In fact SNN Builders’ projects have become benchmark for variety of amenities for all competing projects in a micro-market.

Unfortunately Raj Spiritua being a small project (just 1 acre land) there are very limited range of amenities, green spaces and sports facilities.

Construction ContractorIn-house construction.
ArchitectIn-house construction.
SpecificationsStandard specifications such as
• Imported marble flooring in all rooms, living & dining areas.
• Imported marble / engineered marble in master toilet; Ceramic tiles in all other rooms.
• Engineered wood door frame with Teak veneer for main door; all other doors in seasoned/engineered wood with veneer.
• UPVC/Powder coated aluminium modular windows with Mosquito mesh.
• Reticulated gas piping inside kitchen
• Sanitary Fixtures and CP Fittings of Jaguar /Kohler /Roca or equivalent.
Expected CompletionDecember 2017

AMENITIES & LIFESTYLE

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

Squash Court.

Yoga Hall.

Badminton Court.

Swimming Pool.

Children’s Play area.
Sewage Treatment Plant.

Rainwater harvesting system.
Multi-purpose Hall.

SPA.

Reticulated gas piping inside kitchen.
None.

SNN Raj Spiritua has received all required NOCs from the concerned authorities and building plan sanction from BBMP. We did not find any regulatory or environmental related issues with the project.

Buyers are advised to conduct an independent legal and technical due-diligence of the project before investing in the project.

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