Thursday, February 28, 2013

Shriram Summit Electronic City Bangalore

Update: Shiram Summit in Electronic City Bangalore is now Launched.

The Base Price increased to 3250 to 3500/- and premium flats are available for sale which was not available during the Pre launch.

Shriram Summit now in Pre launch

 Near Electronic city Phase 1 and walkable distance to most of the companies in Ecity. Very near (100 meter) to Cyber Park in Electronic City

Rate : 3250 sft negotiable upto 3100.

Area: 1 bhk 720 sft to 760 sft, 2 bkh 950 to 1190, 2.5 bhj 1260,1290 and 3bhk1440

Car parking: 2 lakhs for open and 3 lakhs closed

club house : 1 lakh

BWSSB & BESCOM [ Rs.150/- per sq.ft ]

More details are discussed here......

Shriram Properties have opened bookings for their new project 'Shriram Summitt' located at electronic city. The location is very good as it situated very close to the Cyber Park and HP Surya Park and near to many shopping and dining places.

Shriram Summitt, set on 15 acres, offers 1, 2 & 3 BHK units in various sizes. 1 BHK units range from 720 to 780 sq.ft, 2 BHK units from 1190 to 1300 sq.ft and 3 BHK units from 1630 to 1700 sq.ft across 35 blocks.

The project is planned with all the modern amenities with good landscaping. The builders have set a pre-launch price of 3250-3350. Additional costs include club house fee of  1 lakh, corpus fund of  25000, BWSSB & BESCOM charges at 150 per sq.ft, Car parking fee of  2 lakhs for open parking and 3 lakhs for closed parking. We expect the landed cost of 2 BHK between 42 to 46 lakhs.

Analysis: Shriram Summitt has a big winner in its hands, the location. The project is located at electronic city phase 1 (quite close to Cyber park, HP Surya park); makes it convenient for social and work life. Pricing too works on Summitt's favor, other projects around electronic city which are quite remote have been priced higher with the same specifications and amenities. There is some news on a ring road being planned next to the project, noise pollution can be a cause of concern for units facing the ring road.