LARGEST GROUP HOUSING PROJECT ON BELATHUR ROAD IN KR PURAM.
Skylark Ithaca is a high-rise group housing project by Skylark Mansions. The Project Site is located in Kodigehalli, KR Puram, Bangalore, Karnataka, India. The Project Site is accessible through an existing 60ft wide Belathur road, which runs parallel to the north tip of the Property. Just behind the project, Skylark has its ongoing villa project called Skylark Arcadia. Skylark Ithaca is located 2.5 Km from Old Madras Road and 6 Km from Hoodi Circle at ITPL Main Road.
Skylark Ithaca is funded by ICICI Bank. It is the largest project ever undertaken by Skylark Mansions.
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||Skylark Mansions|
|Project Location||Belathur road, Kodigehalli, KR Puram, Bangalore|
|Land Area||19.7 acres|
|No of Units||1980|
|No of Towers / Blocks||19 Towers|
|Units Configuration||1 BHK - 605 - 624 sq. ft.|
2 BHK - 1011 - 1059 sq. ft.
2.5 BHK - 1268 sq. ft.
3 BHK – 1484 - 1610 sq. ft.
3 BHK Penthouse – 1955 sq. ft.
4 BHK – 2422 - 3060 sq. ft.
|No of Floors||2B+G+19|
Rating: ABOUT AVERAGE
We have benchmarked Skylark Ithaca against apartment projects on Old Madras Road and near to Hoodi Circle within 5 to 6 Km. We found the price of Ithaca “Less” compared to those of similar apartments in the same micro-market. However, the price is expected to be lower than most of projects mentioned in the table because of location and brand equity.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Skylark Ithaca||Skylark Mansions||Kodigehalli, Belathur road, KR Puram||605 - 3060||4455||Dec’18|
|Oceanus Classic||Oceanus Group||Kodigehalli Road, Whitefield||1226 - 1633||4000||Dec’18|
|Bollineni Silas||Bollineni Infrastructure||Belatur Road, KR Puram||1060 - 1600||4000||Dec’18|
|Fortius Waterscape||Fortius Infra||Bharathi Nagar, Off Old Madras Road||1322 - 1764||5500||Completed|
|Brigade Exotica||Brigade Group||Budigere Cross, Old Madras Road||2640 - 5540||5940||Sep’17|
|Bren Starlight||Bren Corporation||Avalahalli, Old Madras Road||915 - 1530||4190||Aug’18|
|Salarpuria East Crest||Salarpuria Sattva||Budigere Cross, Old Madras Road||598 - 1673||4990||Mar’19|
|Monarch Aqua||Monarch Group||KR Puram, Old Madras Road||1110 - 2367||5100||Dec’19|
|Habitat Eden Gardens||Habitat Ventures||Hoodi Junction, ITPL Main Road||1337 – 2021||5347||Dec’19|
|Alpine Fiesta||Alpine Group||Hoodi Sadamangala Road, Whitefield||936 – 1439||4250||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 MAY 5, 2017.
Location Rating: BELOW AVERAGE
Skylark Ithaca is located at Belathur road, Kodigehalli, KR Puram, Bangalore. The Project has three independent access – one each from Old Madras Road, Ashram Road and Hoodi Circle. The immediate neighbourhood is a developing residential locality with few residential projects nearby and undeveloped social infrastructure. Residents will have to travel for more than 5 Kms to access any known retail shop, office, school and hospital.
|Immediate neighbourhood |
A developing residential locality with few residential projects and undeveloped social infrastructure.
|Landmarks nearby |
Skylark Arcadia, a residential villa project, is adjacent and behind the Property.
|Access Roads Directly accessible from 60ft Belathur Road, which directly connects with Old Madras Road (2.5 Km) in the west and Ashram Road (3 Km) in the east. Hoodi Circle is 6 Km to the south from the Project.|
|Metro Rail |
Nearest station is ITPL (7 Km).
|Train Stations |
Whitefield railway station (4 Km); KR Puram Railway Station (11 Km); Bangalore City Railway Station (22 Km).
Kempegowda International Airport is 34 Kms away.
Builder Rating: ABOUT AVERAGE
Skylark Mansions is a family owned enterprises and is promoted by Mr. Saleem Sheriff. He has over 30 years of real estate industry experience. Incorporated in 1994, Skylark Mansions is one of the oldest real estate development company of Bangalore. It has delivered over 1.6 Million sq. ft. of real estate across Bangalore.
Skylark Mansion enjoys excellent relationships with top banks and non-banking financial institutions such as ICICI Bank and Piramal Capital.
|Builder Name||Skylark Mansions|
|Flagship Company Name||Skylark Mansions Pvt. Ltd.|
|Project Execution Company||Ithaca Estates Private Limited|
|Address||No 37/21, Skylark Chambers, Yellappachetty Layout, Ulsoor Road|
|Year of Establishment||1994|
|Managing Director||Saleem Sheriff|
|No. of Projects Completed||19|
|Popular Projects||Skylark Arcadia, Skylark Zenith|
Construction Quality Rating: ABOUT AVERAGE
We found “Good” Quality of Construction in all its completed projects. This is the largest group housing project being developed by Skylark Mansions. The company has outsourced its construction to L&T while the project was designed by well-known architectural firm RSP Architects. Buyers can expect good quality of product in this project. However, the Project offers very limited range of amenities and sports facilities in spite of its massive size.
The pace of construction looks good at this stage. Out of 19 towers, 11 towers are expected to be handover by March’17 while other 8 towers will be handed over by December’18.
|Construction Contractor||L&T, India’s largest engineering and construction company.|
|Architect||RSP Architects India (one of the largest and most reputed Design, Planning and Engineering Practices of South East Asia.)|
|Specifications||Standard specifications such as|
• Laminated wooden flooring in master bedroom; vitrified tiles in all other rooms, living & dining areas.
• Imported marble / engineered marble in master toilet; Ceramic tiles in all other rooms.
• Teak wood frame for main door; all other doors in hard wood or Salwood frame with BST designer shutter.
• UPVC / Aluminium powder coated windows with Mosquito mesh.
• Hindware or equivalent for Sanitary Fixtures; Jaguar or equivalent for CP Fittings.
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Practice Cricket Pitch.
Kids Play Area.
Outdoor Swimming Pool.
|Landscaped Gardens. |
Sewage Treatment Plant.
Rain Water Harvesting.
|Multi-purpose Hall. |
100% Power Backup.
Skylark Ithaca 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.