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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

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 ProjectResidential
Developer NameSkylark Mansions
Project LocationBelathur road, Kodigehalli, KR Puram, Bangalore
Land Area 19.7 acres
No of Units 1980
No of Towers / Blocks19 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 Floors2B+G+19
Completion Timeline Dec’18

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 NameDeveloper NameLocation Units Sizes Price Expected Completion
Skylark IthacaSkylark MansionsKodigehalli, Belathur road, KR Puram605 - 30604455Dec’18
Oceanus ClassicOceanus GroupKodigehalli Road, Whitefield1226 - 16334000Dec’18
Bollineni SilasBollineni InfrastructureBelatur Road, KR Puram1060 - 16004000Dec’18
Fortius WaterscapeFortius InfraBharathi Nagar, Off Old Madras Road1322 - 17645500Completed
Brigade ExoticaBrigade GroupBudigere Cross, Old Madras Road2640 - 55405940Sep’17
Bren StarlightBren CorporationAvalahalli, Old Madras Road915 - 15304190Aug’18
Salarpuria East CrestSalarpuria SattvaBudigere Cross, Old Madras Road598 - 16734990Mar’19
Monarch AquaMonarch GroupKR Puram, Old Madras Road1110 - 23675100Dec’19
Habitat Eden GardensHabitat VenturesHoodi Junction, ITPL Main Road1337 – 20215347Dec’19
Alpine FiestaAlpine GroupHoodi Sadamangala Road, Whitefield936 – 1439 4250Completed

*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.

LOCATION HIGHLIGHTS

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).
Airport

Kempegowda International Airport is 34 Kms away.

SOCIAL INFRASTRUCTURE

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 NameSkylark Mansions
Flagship Company NameSkylark Mansions Pvt. Ltd.
Project Execution CompanyIthaca Estates Private Limited
AddressNo 37/21, Skylark Chambers, Yellappachetty Layout, Ulsoor Road
Year of Establishment1994
Managing DirectorSaleem Sheriff
No. of Projects Completed19
Popular ProjectsSkylark Arcadia, Skylark Zenith
Company Website http://www.skylarkmansions.com

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 ContractorL&T, India’s largest engineering and construction company.
ArchitectRSP Architects India (one of the largest and most reputed Design, Planning and Engineering Practices of South East Asia.)
SpecificationsStandard 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.
Expected CompletionDecember’18

AMENITIES & LIFESTYLE

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

Tennis Court.

Multi-purpose Court.

Basketball Court.

Volleyball Court.

Practice Cricket Pitch.

Jogging Track.

Fitness Court.

Kids Play Area.

Outdoor Swimming Pool.
Landscaped Gardens.

Sewage Treatment Plant.

Rain Water Harvesting.

Tree Court.

Festive Lawn.
Multi-purpose Hall.

BBQ Pits.

Stepped Seating.

Pet Zone.

100% Power Backup.

Intercom Facility.
None.

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.

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