CloverMark Property Appraisal Report

PROPERTY OVERVIEW

Address:

Property Type: Super Luxury Apartment

Location: Kanakpura Road

Micro Market: Kanakpura Road

Zone: South

Unit Size / Area:

Property Description:

Expected Possession Date: Phase - 1: Q4 2014 and Phase - 2: Q4 2016

Ticket Size: ₹ 2.7 Cr Onwards.

AREA PROFILE

CLOVERMARK INSIGHTS

• Easy connectivity to major roads of South and West Bangalore (Hosur Road, Bannerghatta Road, Mysore Road and Tumkur Road).

• Easy connectivity to Outer ring road

• 5 mins drive to Iscon Temple which is in Kanakpura Road

• 30 mins drive to Electronic City and Global Village Tech Park

• 15 mins drive to Bannerghatta Road

Great Location1. Located on the south of bangalore, it has easy access to ring roads

2. Peaceful environment around the project.

3. 35 mins drive to electronics city

Great Project1. There are many projects that are coming up and few are under construction

2. Metro Phase-2 is under construction upto anjanapura

3. Mantri mall, is under construction

4. Iskcon's theme park is under construction

Great Investment1. This area has seen an average returns of 12% to 14% since last two years

2. There are few projects which are under construction, might lead to a surge in the price with in two or three years

3. Rental Potential is high in this area

KEY RATINGSOut of 10

8 2 6 4

7 3 7 3

5 5 5 5

7 3 7 3

6 4 8 2

7 Out of 10

Note: Data gathered for Current Ratings (Rental Potential, Life Style, Education Institutions & Industries) is based on current area status. Appreciation is

based on on development plans around the area

CloverMark Rating

Companies

TE - The Magic Faraway Tree Phase-2

Education Institutions

• Development interms of Real Estate - Sobha Forest View, Purva Highlands, Nitesh Ceasar's Palace, Mantri Serenity, Prestige Upcoming Project - Prestige Falcon City, Purva

Upcoming Project - Purva Parklane and Mantri Mall.

Appreciation

Rental Potential

Life Style

The Magic Faraway Tree takes its name from the beautiful old tree on the edge

of the 10.5 acre property. The project is located 16 kms from the city centre on

Kanakpura Road. 

3 BHK, 3 BHK Duplex and 4 BHK Pent Houses: 2424 -4251 sq.ft

The Magic Faraway Tree, Kanakpura Road, Located at Talaghattapura - just off

NICE corridor(approx 200 m away)The Magic Faraway Tree

HISTORICAL APPRECIATION

Area Price Trends: Kanakpura Main Road

Project Price Trends: TE - The Magic Faraway Tree

LOCATION MAP

Rate / Sq. ft Trend Rate / Sq. ft Growth

Rate / Sq. ft Trend Price Growth Trend

Y-o-Y Returns

Influencers

• Easy connectivity to major roads of South and West Bangalore (Hosur Road, Bannerghatta Road, Mysore Road and Tumkur Road).

• Metro Phase 2 is coming to Nice Corridor • 20 mins drive to Bannerghatta Road and Mysore Road • Easy connectivity to Global Village tech Park • 30 mins drive to Electronic City • 15 mins drive to J P Nagar

Trend factors: • Price indicated by developer on their pricing stratergy post launch • Project Growth based on the development around the area • Price indicated is subject to change

Trend factors: • Price growth since launch price • Project growth based on the development around the area

Trend factors: • Year on year price growth since launch • Project Growth based on the development around the area

18%

MG Road

TE - The Magic Faraway Tree TE - The Magic Faraway Tree

2666 2940

3390

5390

6250

8000

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

Jul'12 Dec'12 Jun'13

Min Max

10%

15%

16%

28%

0%

5%

10%

15%

20%

25%

30%

1 2

Min

Max

6,500 7,410

9,971

11,467

13,072

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18

Current Projected

14%

32%

53%

76%

101%

0%

20%

40%

60%

80%

100%

120%

Ap

r-1

4

Jul-

14

Oct

-14

Jan

-15

Ap

r-1

5

Jul-

15

Oct

-15

Jan

-16

Ap

r-1

6

Jul-

16

Oct

-16

Jan

-17

Ap

r-1

7

Jul-

17

Oct

-17

Jan

-18

Ap

r-1

8

Projected 0% 0% 0% 0% 0%

14% 16% 16%

17%

13%

0%

5%

10%

15%

20%

Apr 13 toApr 14

Apr 14 toApr 15

Apr 15 toApr 16

Apr 16 toApr 17

Apr 17 toApr 18

Current Projected

Architectural Views of the Project

Site Plan

FAQ List

Company Salary rangeDesignation/prof

ileLocation

Other

specification

NA

Type Distance from

property

Time taken

Luxury

Apartment

100 mts 30 secs

Apartment 3 Km 6 mins

Apartment 200 mts 50 secs

Apartment 2 Km 5 mins

FAQs

Overview

Launch date Apr-13

Possession/completion date Phase 1 - Q4 of 2014, Phase 2 - Q 4 of 2016

Entire project completion date 6 months after given possession date

Number of units sold out NA

3 Business Men

Number of units available NA

Existing customer segment of property Industry/Company Family specifications

1 IT / ITES

2 NRI's

What is target customer segment?

1

2

3

4

Nearby Landmark NICE Ring Road

Dominating Industry nearby project Realty

Developer's Camapign details NA

Customer Related

Insights of the Property With Phase 1's success, Phase 2 became more attractive for Investors

5

Plans Related

Master Plan 10.5 Acres

First liveable floor NA

Height of Liveable floors NA

Ceiling Height 9 ft 6 inches

Maximum Height 40 - 45 meter (apprx)

How many blocks/towers? 4

How many floors? 30

How many units per floor? 4

Insights Provides enough Privacy with minimum units per floor

Why is the project priced higher? Because of the Brand, its Proximity to Metro Station, Accessibility through NICE Corridor and

Kanakapura Road

Why is the project priced lower?

Specifications Related

Maintenance Cost Rs. 400 Per Sq.ft

Car parking area details NA

Extra Car Park NA

Project specifications-inside amenities

Club House

Swimming Pool

Gym

Garden

Community Hall

Tennis Court

Rain Water Harvesting

2. Mantri Serenity On-Going

3. Purva Highlands On-Going

4. Sobha Forest View On-Going

Lock-in Period No

Insights

Investment Related

Approx Rental in that area 20 K to 30 K

Other upcoming projects nearby Status

1. Nitesh Ceasers Palace On-Going

Transfer Fee Rs. 300 /- Sq.ft

Cancellation post allotment Rs.5,00,000/-

Buy Back if any? No

Insights Projects around by indicate the growth of the Area itself

Water Related

Is there a kaveri water connection Yes

Is there kaveri water in the tap Yes

How many borewells? 3

Borewell depth 380 mts

Water depth in the borewell(in inches) NA

Insights Enough borewells which will meet the needs of Residents

Booking Related

Towers open for Booking? All

Bookings per person NA

What is an Address Proof?

Is PAN Card required? Yes

Cheque/DD in whose name?

Insights

Payment Schedule Related

When will registration happen? NA

Why register so early? NA

Maintenance NA

Insights

Views Related

Apartment facing view? NA

North View from tower XYZ? NA

North East View from tower XYZ? NA

South East View from tower XYZ? NA

South View from tower XYZ? NA

South West View from tower XYZ? NA

West View from tower XYZ? NA

North West View from tower XYZ? NA

Living room insights NA

Bedroom & Bathroom insights NA

Time taken

10 mins

10 mins

4 mins

9 mins

10 mins

11 mins

13 mins

8 mins

21 mins

22 mins

15 mins

20 mins

11 mins

19 mins

24 mins

8 mins

6 mins

7 mins

17 mins

5 mins

9 mins

12 mins

35 mins

22 mins

19 mins

25 mins

22 Mins

28 mins

35 mins

15 mins

21 mins

20 mins

Parameters Name Distance

Overall insights

Area Related

Height of neighbouring buildings

Nearby schools

Delhi Public School 5.1 Km

Alpine Public School 5.07 Km

Sri Kumaran Childrens School 2.18 Km

Nearby colleges

City Engineering College 4.48 Km

RNS Institute of Technology 4.78 Km

ICFAI Business School 5.3 Km

Dayanand Sagar Institutions 6.51 Km

Yellamma Dasappa Institute of tech 3.4 Km

Nearby malls

Gopalan Mall 11.4 Km

Coupon Mall 14 Km

Meenakshi Mall 11.2 Km

Central 11. 1 Km

Nearby shopping complex

Metro Cash & Carry 5.7 Km

Big bazar 8.7 Km

Nearby hospitals

Fortis Hospital 12 Km

Metro Hospital 4.3 Km

Samastha Hospital 3.4 Km

Bangalore ENT Hospital 3.6 Km

Apollo Hospital 13.1 Km

Nearby hotels

Heaven Gate 1.8 Km

The Tamarind tree 2.8 Km

Vasudev Adigas 3.4 Km

Nearby IT Parks

Electronics City 22 Km

Kalyani Magnum InfoTech Park 15 Km

Honeywell 13.7 Km

Nearby Business Hubs

Jayanagar 16 Km

BTM 14 Km

Dairy Circle 18 Km

Electronics City 22 Km

Insights Well laid roads which can connect all the places mentioned above

Access Related Distance Width

Access road for Property Service road

Nearby Theatres

Cinepolis 11.2 Km

Gopalan Movies 11.4 Km

PVR Movies 11.1 Km

Access to main road/highway 550 mts - Kanakapura Road - 40 ft (120 ft after extension)

Access to ring road 800 mts - NICE Road - 120 Ft

Insights Good accessibility with proposed extension of Kanakapura road

Transport Related Distance Time taken

Nearest bus stop 1 Km 5 mins

Nearest auto stand With in Vicinity

Railway station 27 Km 45 mins

Airport 51 Km 1 Hr 14 mins

Nearest metro station Anjanapura (proposed)

Insights Metro is with in the reach to the property

Jodi Apartment Related

NA

Are Jodi apartments possible? NA

Any special process for Jodi applications? NA

Insights NA

NRI Related

How can NRIs book? NA

Note: Extra details to be mentioned NA

Can I customize the internal layout? NA

Does it come with furnishing? NA

Insights

Drawback/Flaws of the project

NA

Legal Related

Property Taxes NA

Construction Related

Who is the architect? NA

Who is the land scalping vendor? NA

Any designer worked on the project?