Oceanus Classic is a high-rise residential apartment project by Oceanus Dwellings on Kodigehalli Main Road, Kodigehalli, KR Puram, Bangalore, Karnataka, India. The Project Site is accessible through a 40ft wide Kodigehalli Main road, which runs parallel to the north boundary of the Property. Oceanus Classic is located around 4 Km from Hoodi Circle.
Oceanus Classic is funded by Walton Street Capital, a well-known real estate focussed NBFC. Oceanus Dwellings is developing the project under a joint development agreement with the landowner.
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||Oceanus Dwellings|
|Project Location||Kodigehalli Main Road, Kodigehalli, KR Puram, Bangalore|
|Land Area||3 acres|
|No of Units||201|
|No of Towers / Blocks||2 Blocks|
|Units Configuration||2 BHK - 1226 - 1238 sq. ft.|
3 BHK – 1633 sq. ft.
|No of Floors||Block A: 2B+G+11; Block B: 2B+G+12 & 2B+G+13|
Price Rating: BETTER TAHN MOST
We have benchmarked Oceanus Classic against similar high-rise apartment projects near Hoodi Circle and on Old Madras Road within 5 to 6 Km. We found the price of Oceanus Classic “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, brand equity and delay in the project.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Oceanus Classic||Oceanus Group||Kodigehalli Road, Whitefield||1226 - 1633||4000||Dec’18|
|Skylark Ithaca||Skylark Mansions||Kodigehalli, Belathur road,||605 - 3060||4455||Dec’18|
|Bollineni Silas||Bollineni Infrastructure||Belatur Road, KR Puram||1060 - 1600||4000||Dec’18|
|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|
|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 09, 2017.
Location Rating: ABOUT AVERAGE
Oceanus Classic is located on Kodigehalli Main Road, Kodigehalli, KR Puram, Bangalore. The Project is located 4 Km north of 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 Km 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 directly opposite to the Project.
|Access Roads |
Directly accessible from 40ft Kodigehalli Main Road. Hoodi Circle is 4 Km to the south of the Project.
|Metro Rail |
Nearest station is ITPL (7 Km).
|Train Stations |
Whitefield railway station (5 Km); KR Puram Railway Station (9 Km); Bangalore City Railway Station (21 Km).
Kempegowda International Airport is 36 Kms away.
Builder Rating: ABOUT AVERAGE
Oceanus Dwellings is a family owned enterprise and is promoted by Mr. PC Chacko. He has done LLB and MBA in Real Estate Management and has over 20 years of real estate industry experience. The company has strong presence in Karnataka as well as Kerala. Incorporated in 2003, Oceanus Dwellings has delivered around 27 projects in Bangalore, Mysore, Cochin and Trivandrum. The company has a very strong project delivery track record of 3.5 million sq. ft. of residential projects. The company has over 100 full-time employees working in different business verticals such as construction, sales and marketing.
Oceanus Dwellings enjoys excellent relationships with top banks and non-banking financial institutions such as Canara Bank, PNB Housing Finance and Reliance Capital.
|Builder Name||Oceanus Dwellings|
|Flagship Company Name||Oceanus Dwellings Pvt. Ltd.|
|Project Execution Company||Oceanus Dwellings Pvt. Ltd.|
|Address||297, 1st Floor, 1st Cross, 7th Main, BTM Layout 2nd Stage, Bengaluru|
|Year of Establishment||2003|
|Managing Director||PC Chacko|
|No. of Projects Completed||27|
|Popular Projects||Oceanus Vista, Oceanus Fressia|
Construction Quality Rating: ABOUT AVERAGE
We found “Average” Quality of Construction in all its completed projects. The company does the construction work in-house. It has a dedicated team of over 40 professionals in construction, project management and procurement. The Project offers very limited range of amenities and sports facilities which is almost equivalent to no frill apartment complex.
The project is running 12 months behind schedule. Expected handover of the project is Dec’18.
|Construction Contractor||In-house construction by Oceanus Dwellings|
|Architect||Zachariah Consultants, a Bangalore based architecture and interior design firm.|
|Specifications||Standard specifications such as|
• Vitrified tiles in all rooms, living & dining areas.
• Ceramic glazed tiles in all toilets.
• Engineered wooden frame for the main door; all other doors in moulded wooden door frame.
• Aluminium powder coated windows with Mosquito mesh.
• Hindware or Cera or equivalent for Sanitary Fixtures; Hindware or Jaguar or equivalent for CP Fittings.
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Indoor Games Room.
Kids Play Area.
Outdoor Swimming Pool.
|Landscaped Garden. |
Sewage Treatment Plant.
Rain Water Harvesting.
Solar Lighting for Basement.
|Multi-purpose Hall. |
100% Power Backup.
Oceanus Classic 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.