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Page 3
Project Brief Page 2
From Editor’s Desk
Page 1
From CRM’s Desk
Page 12-13
Golden Projects
Page 11
We Say You Say
In this issue
Page 4-7
Project Update
Page 9-10
Golden Times
Page 8 Realty Reality
From CRM’s Desk
- CRM Prisha Properties India P Ltd
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Prisha Properties has been in the industry for close to two decades now. The journey has been full of passion, milestones and long-standing associations. It has been exciting as well as rewarding; rewarding primarily because of our valued clientele.
At Prisha Properties, we follow the best practices and deliver the best to our customers. In turn, when we see the slightest sign of satisfaction, we become more inclined towards maintaining highest standards of construction and service. In ‘The GOLDedge’, designed to inform and enchant, you can see a glimpse of how the project you put your trust in and we give our best to, has developed during this month. We love to hear from you every now and then since it’s the value of your association that keeps us driven towards meeting all your expectations and going beyond too. So, stay in touch with us and share your opinions or suggestions, as and when you like. We are all ears! Always!
2015, within three months itself, looks very promising for the property market and investments. We can see signs of recovery when compared to last year, especially with a few positive developments that have recently materialized. For the industry, REITs (Real Estate Investment Trust) is expected to become a reality making funding of real estate projects transparent. And to the advantage of people who wish to own their dream homes, RBI cut the interest rates on home loans. A lot of people will now be eligible for loans and easy investments. The biggest development has been the efforts towards implementing ‘Akrama-Sakrama’ scheme in the state of Karnataka, this year. Overall, this initiative should channelize the growth of Bangalore and other cities in the right direction. And since so many interesting developments have happened lately, this scheme has made its way to our cover story under ‘Realty Reality’ this month.
Golden Gate, in spite of fluctuating national markets and swivelling global scenarios, never lost its vision towards quality homes. The Presidential Tower, in this case, stands as the ‘tallest’ paradigm of our commitment towards excellence. It has gained popularity in a very short span of time, thanks to one-of-a-kind class, luxury and style we are housing in each of the apartments in this 50 –level residential tower. Moving from one extreme to another, we launched Golden Ira – a project of premium serviced villa plots in the month of March itself. It’s meant to give a new dimension to affordable housing, making property investment, a reality for an average Indian professional or family. Just like The Presidential Tower and Golden Ira, there are Golden Gate projects that are helping us meet diverse property needs. Flip through their details in the inside pages. Especially read about the developments of the project site, you have invested your heart and future in! And finally, make your way from project progress photographs to a light-hearted fun-filled section. We hope this issue makes for an interesting read! Until we meet again next month with more on realty, Golden Gate and your treasured possession, hasta la vista!
From Editor’s Desk
For private circulation only
The GOLDedge is published by
Corporate Communication Division of Golden Gate Group
COMMUNICATION EDITOR: Minoo Dhariwal
CREATIVES: B. S. Shashidhar Raghu
PHOTOGRAPHY: Vikram
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Project Brief
Motivated by one of the Seven Wonders of the World, this is a glorious and an artful tribute to a rich past and a prosperous future. These are fully air-conditioned signature apartments blessed with private Sundecks to create an environment-friendly, residential paradise that provides luxury with a conscience. Enticing outer spaces with an exclusive 11,000 sqft club house and temperature-controlled pool, clubbed with enchanting interiors and irresistible private gardens, Hanging Gardens is a pure extravagance.
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Project Brief
Project Update
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A BLOCK – 8th FLOOR
B BLOCK – 1st FLOOR – PLASTERING
Project Update
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C BLOCK – 3rd to 5th FLOOR – PLASTERING - a
C BLOCK – 3rd to 5th FLOOR – PLASTERING - b
Project Update
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One-fifth of Hanging Gardens comprises of recycled eco-friendly construction material including specially fabricated terra cotta blocks that boost cooling properties. More than 50% of the roofing lies blanketed with vegetation further reducing heat ingress and rainwater run-off.
B & C BLOCKS – 7th floor roof completed & 8th floor to commence shortly
A BLOCK - SOUTH VIEW – 7th floor roof work in progress
Project Update
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SOUTH EAST VIEW OF HANGING GARDENS
PANORAMIC VIEW OF HANGING GARDENS
Bangalore has seen a haphazard growth in several pockets with no rules and regulations. This is mainly due to the rampant growth of the IT destinations with no statutory body regulations in place. This leads to “deviations” which means constructing something that does not adhere to what was sanctioned. Regularizing these deviations becomes the need of the hour to benefit the projects that have been sold earlier with irregularities. Nearly nine years after it was piloted, the State government has finally decided to implement the ‘Akrama-Sakrama’ scheme for regularization of unauthorized construction in all urban areas, including Bengaluru, from March 23rd, 2015. Though the State government had issued the final notification under the Karnataka Town and Country Planning Act in June last year, it was kept pending due to a stay order by the Karnataka High Court. The court recently gave the green signal to implement the scheme. Lakhs of owners of houses and commercial buildings now have a ‘one-time opportunity’ to regularize illegal constructions if it has not been challenged in the court again. The scheme will be in force till March 22, 2016. Under the scheme, violations pertaining to setback, floor area ratio (FAR), non-conversion of agricultural land and formation of unauthorized layouts in all 213 urban local bodies will be regularized. Owners of buildings can submit applications to the urban local body by paying prescribed penalty. Violations up to 50 per cent and 25 per cent would be regularized in case of residential and commercial properties, respectively.
All illegal buildings and layouts developed before October 19, 2013, are eligible for regularization. The non-compliance factor could become especially true with layouts and apartments or individual houses where there hasn’t been a BDA/BBMP sanction, with Occupation Certificate not issued. Although the local board panchayats have issued khatas and approved plans for construction, the construction has to be regularized by the present local body. The rates, once regularized, would be corrected to gain a marketable title and a better value to property. Paying a fee (Sakrama) for the violations (Akrama) would certainly be a 30-40% correction depending on the location. As the BBMP will go to polls in May this year, implementing the scheme, particularly in Bengaluru, will earn good revenue to them and the government. The BBMP alone is expected to mobilize Rs. 6,000 crore. A separate fund would be set up in each ULB to park the funds received. As far as the latest developments go, the government has decided to amend the Karnataka Apartment Ownership Act, 1972 and Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1972. Both the Acts will be merged into one to impose fine and punishment of imprisonment of officials and builders involved in illegal construction of buildings and layouts.
AKRAMA SAKRAMA AND ITS IMPLICATIONS
Realty Reality
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Golden Times
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GOLDEN GATE PROJECT LAUNCH Golden Ira Bhoomi Pooja Ceremony on March 8th 2015
GOLDEN GATE RECOGNITION At ABP Real Estate Awards 2015, Hanging Gardens won Environment Friendly Project of the Year Award Presidential Tower was awarded as the Luxury Project of the Year
See a glimpse of the ‘golden’ moments & great experiences we had during this month
Golden Times
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GOLDEN GATE EVENTS & ACTIVITIES Participation at PERFECT HOMES Expo 2015
Participation at THE HINDU Budget Homes Expo 2015
Participation at 27th KSCAA Annual Conference 2015 (March 7th – 8th, 2015)
We Say You Say
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ACROSS 4. The act of keeping, or the expenditure required to keep a property in condition to perform efficiently the service for which it is used. 6. The amount of the loan on which interest is calculated
DOWN 3. The monthly amount payable for an insurance policy. 1. A warehouse or large storage space 5. The sale of a property to the highest bidder 2. The difference between the value of a property and the amount of mortgage owed
Find the names of at least 6 Golden Properties
Criss the Cross
Mind the Find
Enter the ‘we say you say’ contest by simply playing these two puzzles and taking a screenshot of the page once you are done. Mail it to us at [email protected] and straight you enter the contest. Win exciting prizes every month!
Golden Projects
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GOLDEN PANORAMA (SOUTH BANGALORE) KANAKAPURA ROAD
Golden Panorama, true to its name, offers uninterrupted, panoramic views of the scenic, undulating terrain spread across 5 acres of land. With the size ranging from 1210 to 3360 sqft, these are 335 units of 2, 2½ & 3 & 4 BHK luxurious apartments and penthouses that are perfectly located just off Kanakpura Road. A great value for money and a greater home to make your life, picture perfect, Golden Panorama is for everyone who is looking for an eco-friendly luxuriant living.
E-Brochure | Amenities | Plans | Specifications | Price Sheet | Direction
THE PRESIDENTIAL TOWER (NORTH BANGALORE)
YESWANTHPUR Bangalore’s tallest 50 level residential tower has exceptionally well-designed 3 and 4 bedroom apartments for the accomplished and the discerning. The exclusive 4 and 5 bedroom duplex Sky Villas on the top four floors offer breathtaking views of the city. There is a Skypark on the terrace with an infinity pool, a fitness center and an envious list of lifestyle amenities. Located at the heart of a power hub and luxury destinations with Taj Vivanta, Sheraton Hotel, World Trade Center and the ever-famous Orion Mall in close proximity, Presidential Tower is an unrivalled sublime expression of class and luxury.
Specifications | Plans | Skypark | Location | Amenities | Club House | E-Brochure |Price List
GOLDEN HOMES PHASE III (SOUTH BANGALORE)
SARJAPUR ROAD ATTIBELE CIRCLE Better known as Liberty acres, these heavenly villas will embellish your life with beautifully landscaped parks, blissful water bodies and most modern lifestyle amenities. The elegant design and thoroughly detailed planning make these homes, an integrated housing as well as a smart investment avenue.
Price Sheet | E-Brochure | Plans | Amenities | Specifications | Direction
Golden Projects
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ORCHIDS (NORTH BANGALORE) THANNISANDRA ROAD, BEHIND
MANYATA TECH PARK Launched in 2013, Orchids is a spacious, luxurious, visually appealing, IGBC GOLD rated green residential apartment complex, meant for inclusive living. With 167 luxury 2 / 3 / 4 BHK apartments and penthouses having a design that flows from 'outside' into the 'lively and vibrant apartments and common spaces‘ inside, Orchids is a tribute to the yearnings of a tired and isolated city soul. E-Brochure | Price Sheet | Specifications | Features
| Amenities | Plans
THE COMMUNE (SOUTH BANGALORE) CHANDAPUR ANEKAL ROAD
The Commune is just the sort of luxury a first-time buyer would have dreamt of. It is a self-sufficient, sustainable community spread in more than 5.35 acres with a range of designer yet affordable 1, 2 and 3 BHK homes . It is just 10 minute drive from the Electronic City and well connected to the City via the elevated expressway as well as NICE Corridor.
Price Sheet | Specifications | Elevation | Plans
GOLDEN IRA (NORTH BANGALORE) DODDABALLAPUR ROAD
A 48 acres Premium Serviced Villa Plotted Development, Golden Ira is meant to offer you not just a piece of land, but a piece of paradise! Having an eco-friendly self-sustainable design, its uniqueness lies in the classic, ethnic architecture blended perfectly with modern amenities. Owing to the fast-paced development in the region, Golden Ira is sure to multiply your joy today and be a great investment for tomorrow.
+91 080 9791 5670
Prisha Properties India Pvt. Ltd. Golden House, #820, 1st floor, 80 Feet Road, 8th Block, Koramangala, Bangalore, Karnataka, INDIA. Pin - 560 022. www.prishaindia.com | www.hanginggardens.in
For CRM related queries/suggestions, call +91 96866 99460 / [email protected] For feedback / suggestions, write to us at [email protected] For enquiries, reach us at 080-6791 5627 or [email protected] / [email protected]
A GOLDEN GATE group company
