PRICEY; PROJECT LOCATED VERY CLOSE TO JP NAGAR METRO
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 Project||Residential|
|Developer Name||SNN Builders|
|Project Location||Omarbagh Layout, Banashankari, Kanakapura Main Road, Bangalore|
|Land Area||1 acres|
|No of Units||69|
|No of Towers / Blocks||1 Tower / 2 Blocks|
|Units Configuration||3 BHK - 2425 - 2440 sq. ft.|
4 BHK - 3300 - 3335 sq. ft.
|No of Floors||G+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 Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|SNN Raj Spiritua||SNN Builders||Banashankari, Kanakapura Road||2245 – 3335||8100||July’17|
|Sobha Clovelly||Sobha Developers||Subramanya Pura Road, Padmanabhanagar||1296 – 1706||8300||Sep’19|
|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|
|Prestige Falcon City||Prestige Estates||Srinivaspura, Kanakapura Road||1204 – 2869||6500||Dec’18|
|Learning to Fly||Total Environment||JP Nagar 6th Phase, Off Outer Ring Road||2671 – 5600||10,750||July’18|
|Peninsula Heights||Peninsuala Land||JP Nagar 2nd Phase, Off Marenahalli Road||3240 – 6800||10,000||Dec’18|
|Manikchand 117FF||RR Buildcon||Jayanagar 7th Block, Kanakapura Road||1673 – 3038||11700||Dec’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.
|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)
Kempegowda International Airport is 42 Kms away.
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 Name||SNN Builders|
|Flagship Company Name||SNN Builders Private Limited|
|Address||SNN Mind’s Eye, No. 4 Diagonal Road, Jayanagar 3rd Block, Bangalore|
|Year of Establishment||2009|
|Managing Director||Sanjay Shah|
|No. of Projects Completed||6|
|Popular Projects||SNN Raj Lakeview, SNN Raj Serenity|
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 Contractor||In-house construction.|
|Specifications||Standard 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 Completion||December 2017|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Children’s Play area.
|Sewage Treatment Plant.|
Rainwater harvesting system.
|Multi-purpose Hall. |
Reticulated gas piping inside kitchen.
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.