LOCATED AT A PROMISING LOCATION; PROJECT PRICED ATTRACTIVELY
SJR Palazza City is a high rise residential project by SJR Primecorp on Sarjapura Main Road, Chikkakannalli, Bangalore. The Project is located just 800 meters west of RGA Tech Park. Wipro SEZ (3rd campus) is 1.5 Km east of the Project. The immediate neighbourhood is a fast developing residential and commercial location with a number of high-rise residential apartments.
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||SJR Primecorp|
|Project Location||Sarjapura Main Road, Chikkakannalli, Bangalore|
|Land Area||11.6 acres|
|No of Units||963 Apartments|
|No of Towers / Blocks||3 Blocks; each having 4 Wings.|
|Units Configuration||1 BHK - 702 sq. ft.|
2 BHK - 1242 sq. ft.
2.5 BHK - 1308 sq. ft.
3 BHK – 1550 - 1813 sq. ft.
3.5 BHK - 1657 sq. ft.
|No of Floors||2B+G+18|
|Completion Timeline||March 2018|
Price Rating: BETTER THAN MOST
We have benchmarked SJR Primecorp against other high-rise apartment projects on & off Sarjapura Main Road within 5 Km radius. We found the Price of SJR Primecorp “Comparable” compared to those of projects in the same micro-market. Buyers can expect healthy rental return as well as price appreciation in the project post completion primarily because of:
1) Leasing of RGA Tech Park, which is a 2.2 million sq. ft. Grade A IT Tech Park just 800 meters north of the Project. This Tech Park can house around 22,000 software professionals when fully leased out.
2) Wipro SEZ (3rd campus), which is under construction, is 1.5 Km east of the Project on Sarjapura Main Road. When completed it can accommodate up to 30,000 IT professionals.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|SJR Palazza City||SJR Primecorp||Chikkakannalli, Sarjapura Main Road||702 - 1813||5000||March’18|
|Bren champions Square||Bren Corporation||Carmelaram, Sarjapura Main Road||733 - 1644||4400||April’19|
|Uber Verdant||Mana Projects||Doddakannelli, Sarjapura Main Road||826 - 1600||5000||Completed|
|Bren Edgewaters||Bren Corporation||Kasavanahalli, Central Jail Road||935 - 1418||5190||Sep’17|
|Bren Imperia||Bren Corporation||Shubh Enclave, Haralur Road||853 - 1778||5600||Dec’18|
|Shriram Chirping Woods||Shriram Properties||Shubh Enclave, Haralur Road||555 - 2990||6190||Dec’17|
|Sobha Classic||Sobha Developers||Eastwood Twp, Haralur Road||1752 - 2070||7000||Completed|
|Prestige Ferns Residency||Prestige Estates||Reliable Silver Oak Layout, Haralur Road||1174 - 2597||5900||Completed|
*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 28, 2017.
Location Rating: ABOUT AVERAGE
SJR Palazza City is located on Sarjapura Main Road, Chikkakannalli, Bangalore. The immediate neighbourhood is a fast developing residential and commercial location without much developed social infrastructure.
Two very large commercial developments – RGA Tech Park and Wipro SEZ (3rd campus) – have come up in the immediate neighbourhood which shall change the characteristics of location and lead to fast paced development of social infrastructure. When fully operational both these campuses can accommodate up to 60,000 IT professionals. Additionally, Namma Metro Phase III shall have a metro station at Carmelaram, which is just 1 Km from the Project.
|Immediate neighbourhood |
Fast developing residential and commercial location without much developed social infrastructure. People will have to go to Bellandur, around 4 Km, for their house-hold needs as there are no retail shops or hospitals in the immediate neighbourhood.
|Landmarks nearby |
The Project is located 800 meters west of RGA Tech Park and 1.2 Km west of Decathelon.
|Access Roads |
The Project is directly accessible from 80 feet Sarjapura Main Road. Marathahalli – Sarjapura Outer Ring Road is 4.2 Km from the Project.
|Metro Rail |
Nearest station would be Carmelaram around 1 Km as proposed in Metro Phase III.
|Train Stations |
Bangalore City railway station (19 Km); KR Puram Railway Station (14 Km)
Kempegowda International Airport is 48 Kms away.
Builder Rating: BETTER THAN MOST
Till 2010 SJR Group was one of the top builders in Bangalore with several large residential, commercial and retail developments under its portfolio. SJR Group had completed over 15+ projects in residential, commercial & retail verticals in Bangalore. SJR Group was owned by two brothers – Boopesh Reddy and Vijay Reddy.
In 2011 both brothers decided to split the Group business into two different entities – Bren Corporation and SJR Prime Corp. In 2010 Mr. Vijay Reddy started SJR Prime Corp which is engaged in construction of residential, commercial and retail properties in Bangalore. Under the brand SJR Prime Corp, the company has completed 2 residential and 3 commercial projects spanning 2 million sq ft. The company has 7 large residential project covering 5 million sq ft under construction.
|Builder Name||SJR Prime Corp|
|Flagship Company Name||SJR Prime Corporation Private Limited|
|Address||7th Floor, SJR Primus, No. 1 Koramangala Industrial Area, Bangalore|
|Year of Establishment||2010|
|Managing Director||Vijay Reddy|
|No. of Projects Completed||6|
|Popular Projects||SNN Primus at Koramangala; The Pavilion on Outer Ring Road|
Construction Quality Rating: BETTER THAN MOST
We found “Good” Quality of Construction in all its completed projects. SJR Primecorp has its own large construction team and use small contractors to do piecemeal work.
The Project offers huge range of amenities and sports facilities to its residents. None of the competing projects in the vicinity offers such a wide range of amenities to its residents. Buyers can expect a quality lifestyle in this project.
|Construction Contractor||In-house construction by SJR Primecorp|
|Specifications||Standard specifications such as:|
• Vitrified tiles in all rooms, Kitchen and Living area.
• Polished Teak wood door frame with teak veneered for the main door; Hardwood door frames for all other rooms.
• UPVC / Aluminium windows with Mosquito mesh.
• Roca / Kohler or equivalent for CP Fitting and Sanitary Wares.
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|40,000 sq. ft. Clubhouse with Gym. |
Indoor Badminton Court.
Chess & Carrom.
Outdoor Badminton Court.
|Sewage Treatment Plant.|
Rainwater harvesting system.
|Health club with Steam, Sauna & Jacuzzi.|
Banquet Hall at Terrace.
Children Skating Rink.
Laundry & Dry Cleaners.
Senior Citizen Park.
Open Air Amphitheatre.
Small Food Court with café.
Outdoor Chess Court.
|Business Centre. |
12 Guest Rooms.
SJR Palazza City has received all required NOCs from the concerned authorities, master plan approval from BDA 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.