Habitat Iluminar FAQs
1. ARE YOUR HOMES VAASTU COMPLIANT
Being Architect-Developer, design efficiency, Vaastu compliance are our core strengths.
2. WHAT ARE THE SOCIAL INFRASTRUCTURE NEAR BY TO THIS PROJECT
Our project is strategically located amidst established social-cultural
infrastructure to mention a few:
- HOSPITALS & HEALTHCARE INSTITUTIONS: BGS Global Hospital, Rajarajeswari Medical College, and Hospital, Rajarajeswari Dental College and Hospital, SDM Institute of Ayurveda and Hospital etc.,
- SCHOOLS & COLLEGES: Bangalore University, RV College of Engineering, Rajarajeswari College of Engineering, Global College of Engineering, National Law School, National Hill view School, National Public School, Orchid International School, Baldwin School, amongst many others;
- TECH PARK: Global Village Tech Park / SEZ (Special Economic Zone) is located in walking distance. Some of the Occupants include Accenture, Mindtree Consulting, Texas Instruments, Textron, Sonata Software, Hinduja Global Solutions, Crompton Greaves, Global Edge Software Limited, Magnasoft Consulting India Ltd, Mphasis, Northern Operating Services, NTT DATA.
- Bidadi Industrial area is easily accessible to the Project. Bidadi Industrial Area has facilities of Toyota-Kirloskar, Coco-cola, and numerous other corporates.
- ENTERTAINMENT, SHOPPING & RESTAURANTS: Gopalan Arcade Mall, Gopalan Legacy Mall, BKD Habitat Arcade, GRIPS Gokarting & Bowling etc.,
The USP of our project is that the proposed metro station (RV College of Engineering Stop) is just about 1 kms.
3. ARE ALL APPROVALS IN PLACE ? WHICH BANKS ARE EXTENDING BANK
Yes, we have received all approvals from the concerned authorities
including BBMP. Also many major financial institutions like ICICI, LICHFL,
HDFC, Axis, Kotak & others leading banks are providing home loans for
4. Is the project RERA Approved?
Yes, the project is RERA approved.
RERA Registration No.: PRM/KA/RERA/1251/310/PR/170915/000183
5. EXPECTED TIME OF COMPLETION OF THE PROJECT
First half of 2020.
6. WHAT KIND OF APPRECIATION CAN I EXPECT BY THE TIME THE PROJECT IS COMPLETED?
The project will be completed in the first quarter of 2020 and going by the
track record of all our completed project we’ve achieved about 80% to 100% appreciation from launch to project completion.
7. WHO CAN HELP ME RENT OUT OR SELL MY HOME IF I BUY WITH YOU-
We can help you with connecting to agencies who expertise in these resale
& renting businesses.
8. WHAT ARE THE SOURCES OF WATER?
By the time of project completion, we will have water from corporation
(BWSSB). Currently the project has 2 bore wells yielding excellent water;
we also have rain water harvesting system.
9. WILL YOU ALLOW MODIFICATIONS INSIDE THE APARTMENT?
No, we do not encourage modification, as the homes are efficiently
10. WHAT IS THE CARPET AREA IN THE FLATS?
The Individual unit carpet area is mentioned in the Cost sheet
11. WHAT IS THE UNDIVIDED SHARE OF LAND WHICH I GET?
0.43% of your SBA
12. WHAT ABOUT SECURITY?
The project is secured with 24/7 manned securities and CCTV surveillance
at all vantage points.
13. WILL THERE BE ANY TRANSFER FEES IF I TRANSFER THE FLAT BEFORE REGESTERING IT?
Yes, Rs. 100/- sft.
14. IF PROJECT IS DELAYED WHAT WILL BE THE PENALTY AMOUNT PAID?
The amount will be as per RERA Guidance.
15. WHAT IS THE CANCELATION CHARGES AFTER AGREEMENT?
10% of the total value of the apartment
16. WILL THE BUILDER PROVIDE OCCUPATION CERTIFICATE (OC) ISSUED BY BBMP FOR THE PROJECT?
17. WILL YOU HANDOVER FLAT FOR INTERIORS?
Yes, Post Registration.
18. FOR NRI HOW TO EXECUTE THE BANK LOAN PROCESS? HOW TO MAKE A GPA?
We can send the documents to you for signature. GPA will be required for authorizing someone to on your behalf here. (Need to get notarised by local Notary or Embassy).
19. WHAT ABOUT CONSTRUCTION FINANCE?
The Project is funded by HDFC.