News & Views on Indian Real Estate

Wednesday, October 01, 2008

India Bulls : Greens

First, Let me hope this is not another Purva windermere in making. Its is know fact that Indiabulls is facing cash crunch with stock market taking a severe beating. I am not sure if this is game plan to just extract precious liquidity from people and use it for their own means.

Hope people learnt a lesson from purva’s. Is it a good idea to cancel Purva,DLF and buy this???. All i can say is ….’WISH YOU BEST OF LUCK’

Coming to point, Indiabulls has started a new project in OMR,- Greens starting 2700 sq ft. Off Omr,Medavakkam-Sholinganallur road. Details are as below.

Project details:
• Total project spread over 15.9 acres
• Total 37 blocks with G+6 floors, 4 flats per floor
• 1, 2 and 3 BHK flats (685 sq ft to 1615 sq ft)
• Each block has 2 lifts servicing 28 apartments
• Total about 900 apartments

Project USP’s
• Designed by world renowned architect – RSP
• Most flats Vaastu compliant
• Vehicle free podium, all parking in basement
• More than 70% open and green area
• 75% of apartments with no common walls


• Gymnasium, Health Club,
• Swimming Pool, Childrens Play Area, Landscaped Gardens
• Indoor games, Security CCTV.
• Space for Creche/ Play school, Health Centre, Supermarket.

Pricing details
Basic Selling Price (BSP) Rs. 2700/sft Rs.
2710 / sft for 4/5/6th floor Preferential Location Charges: Rs.50/sft
Covered car Park Rs 2,00,000
Club Membership Rs 75,000
E.B. / Water deposits Rs 50,000
Maintenance Rs 25 per sq ft for 2 years Reg, VAT and service tax On actuals

Booking details

Booking amount:
1 BHK apartment: 1.5 lacs
2 BHK apartment: 2 lacs
3 BHK apartment: 3 lacs

Anonymous said...

I believe this is authentic. Indiabulls is known for it’s aggressive price and execution. They are constructing 50 lacs sqft of commercial office space in central Mumbai whereas other biggies are still at planning stage.

I have visited their project site and hoarding was put almost about 3 months back. This is nothing to do with stock market meltdown. They are known for fast planning and execution without too much of noise and publicity.

Hope this will come out really well!!!

Anonymous said...

Yes... I also agree with the Anonymus say.

Anonymous said...

Hi Friends,
This India Bulls – Greens seems to be a “RED” for our money.
I just talked to one of the India Bulls executives today and asked him whether they have got the approval from CMDA to go ahead with the project. He said that they are yet to get the approval.
I asked further when they would expect the approval to come through, he said it may take February or March 2009 and then only the project would be launched. i.e., March or April 2009.
Please be aware that already the same kind of cheating happened with Purvankara Windermere project in Pallikkaranai. These Puravankara people are yet to get the approval for this project and now asking those invested to shift to their Swanlake project in Kelambakkam. After keeping the investor’s money (Rs 5 lakhs) for six months, they are now giving two options such as shifting to Swanlake or take back the money without any interest.
I am sure that the same story will be repeated in India Bulls case also and your money would be kept with them for almost another 7 to 8 months and we can’t predict what would happen there after.
Please do not fall prey to these India Bulls guys tactics. They are hardly hit by the credit crunch and now want to swindle common man’s hard earned money.
- Kamali

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