KARNATAKA TELECOM LAYOUT AT SARAJAPUR-ATTIBELE ROAD-AYUSHMANBHAVA LAYOUT

(KARNATAKA TELECOM DEPARTMENT EMPLOYEE’S SOCIETY LIMITED)

The proposed land is situated at BIDRAGUPE VILLAGE, ATTIBELE HOBLI, ANEKAL TALUK,BANGALORE. Development of 200 acres township on Sarjapura - Attibele Road on NH 207 (proposed 4 Lane Road).

Overview:

· Society was registered as “Post & Telegraph Employees Credit Co-operative Societies Ltd” in 05-01-1951 vide Registered No: 188DR1950-51 Bangalore and also (Recognised by the Director General Of Post and Telegraph - New Delhi). Consequent upon the bifurcation of Post & Telegraphs by the ministry of communications & renaming of Department of Telecom {D.O.T} as B.S.N.L. Accordingly our society name was changed to Karnataka Telecom Department Employees Co-operative Society Ltd {CREDIT & HOUSING} vide order UBC-3UBA15199-2000 dated 10-12-99 by the registrar of Co-Operative Societies in Karnataka.

Location of the Layout:

· Address -- Bidragupe Village, Attibele Hobli, Anekal Taluk, Bangalore.

· The proposed land is on 100 ft. wide State Highway No.35 (Road from Attibele to Sarjapur)

· The proposed land is just 30 kms from Vidhana Soudha and just 4 km from the Bangalore-Hosur highway.

Other Land Marks:

· ABH is located near (Sarjapur - Attibele Road) and close to Electronic City, major International schools and hospitals. While the property is just off the main road, it is surrounded by a tranquil atmosphere with lush green landscape.

· The well-connected roads make accessibility to Electronic City and other areas of Bangalore a smooth drive.

Key Highlights:

· Government land price is ` 650 to 700 in this area.

· No Lock in period as experienced in any typical Society developed layouts – implies Very High Liquidity.

· Ayushmanbhava is one of the premium layouts been formed by Karnataka Telecom Society on main Sarjapura - Attibele Road.

· On a land size of 150 acres, BMRDA approved, work has started in the project and there is very good potential in the project.

· Shriram Properties are coming up with 929 apartment complex just opposite to this layout.

· Confident Group: Have many projects on the same road, selling in range of ` 1400 to 2000/-.

· Other layout developer Aisswarya Group is selling plots at 2170/- per sqft

· Golden Gate Developers have their project Golden Homes, selling at ` 80lacs and above.

· New INFOSYS campus is just 3 km from this layout.

· With so much of development happening at Ayushmanbhava 30x40, 40 x 60 and 50x80 sites are available for just `568/- per sqft.

Amenities to this layout:

· The proposed layout will be approved by BMRDA with a minimum 30 ft. cross road & 60ft main road.

· Box Drain, Chip Carpeting, Sanitary and water line, electricity and planting of trees.

· Providing proper sufficient capacity water tank, Septic tank and CA with necessary approval from the competent authority individual connection will be provided to each site for sanitary and water to avoid road cutting.

The electrification will be provided at the proposed layout as per BESCOM specification.

Benefits:-

· Project is approved by BMRDA (Bangalore Metropolitan Regional Development Authority)

· Have many projects on the same road, selling in range of ` 1400 to 2000/-.

· No lock in period as experienced in any typical society developed layouts.

· No Need to make full upfront payment, installment facility is available.

· Layout will have 60 Ft roads & each cross road will be of 30 Ft width.

· Proper provision for Drainage, Water Supply (Over head tanks to service the layout), Electricity, Telephone etc. will be provided according to the Govt. Specification in the layout, this will also help to avoid digging of the roads in the later stages.

· Parks, Trees & sufficient common areas are provided in the gated community to ensure a good quality living for the inmates in all other layouts developed by the society.

· Govt. land value is ` 650 to ` 700 per sqft.

Process:

· Buyer needs to obtain Membership of the Society by paying ` 1020/-

· 2 Separate Application forms need to be filled for obtaining membership and obtaining the Site.

· Payment needs to be made as per the Payment Schedule.

· The Buyer would be given a Receipt from the Society confirming the Application made towards purchasing the site in the respective layouts.

· The society would send periodic payment reminders as per the Payment Schedule.

· After the Development process reaches a stage of completion, the society would send Allotment Letters to the Buyers who have complied with the payments.

· The society would Call for Registration of the Sites after the Development process is complete.

Threats:

· Being a society developed site time taken to develop can be higher than private layouts.

· Allotment of plots is through lots hence Vastu or other preferences may not work out.

FAQ:

vIs the Layout approved by a competent authority?

§ Yes the Layout is approved by BMRDA

vWhat is the price differential when compared to other BMRDA approved layouts in the vicinity?

§Any Telecom Society layout would typically quote lesser than market price of similar layouts developed by private developers.

vAre Non employees allowed to become members of the society?

§Yes Non employees are allowed to become members upon paying a membership fee of `1020 to the society

vWhat is the Time horizon of development and registration?

§Society developed layouts take anywhere between 1.5 to 2 years for completion and then the registration process will start.

vCan the Member choose the site?

§No the society would allot the sites in an unbiased manner based on First come first serve basis or any other basis which is just and equitable.

vWhat is the payment schedule?

§The society would offer 4 installments. The payment depends on the number of installments due at the time of booking. (Now we are suppose pay 1nstallments & Down Payment)

vHow many sites could a member apply for?

§The society restricts one site per member per layout.

vIs there any lock in period restricting resale?

§No – there is no lock in period, the owners could resell the sites upon registration.

vAre there any other costs apart from the basic price?

§The society may levy additional charges for development during the course of development owing to inflationary concerns.

vAre Loans available for purchasing of sites?

§The loans would be available only after the approval process is complete- which typically happens during the last installment. However it is recommended not to avail loans in case the purpose of buying is “Investment “.

Membership fee and down payment can be clubbed in one cheque favoring

“KARNATAKA TELECOM DEPARTMENT EMPLOYEE’S CO-OPERATIVE SOCIETY LIMITED”

PAYMENT DETAILS:

Plot Size Per Sq.ft. 1200sqft 2400sqft 4000sqft

OtherCharges 68 81,600 1,63,200 2,72,000

Down payment 200 2,40,000 4,80,000 8,00,000

Membership fee 1,020 1,020 1,020

1^st Installment 100 1,20,000 2,40,000 4,00,000

2^nd Installment 100 1,20,000 2,40,000 4,00,000

3^rd Installment 100 1,20,000 2,40,000 4,00,000

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