PML will launch a phase-wise residential project in June 2012 in Bangalore.Spread across 16 acre, it will comprise nine towers of 30 floors each with two apartments on each floor. In all, the development will house 1,300 residential apartments of 2 and 1/2 BHK and 4-5 BHK, targeting the premium and luxury market segments.
http://farm8.staticflickr.com/7162/6771245433_bde2ecfa51_b.jpg
http://farm8.staticflickr.com/7162/6775986285_03e40e9276_b.jpg

Company intends to launch Bangalore (W) residential project in June 2012
On conversion of the hotel project by PHPL at Bangalore (W) into residential project, the new planned development will comprise of 3.1msf of residential development. PML will have aggregate (direct and indirect) stake of 59.2% in the project which will be launched in June 2012. Company intends to develop the same in phases over period of 4-5 years and expects total investment of Rs 10bn. Considering the location of the project at Malleswaram, the realisation per sq ft will be at Rs 4800 – 5000 / sf and will take atleast 5-6 years for it to be absorbed
http://breport.myiris.com/ESSBL/PHOMILLS_20120124.pdf

Sweet!!!

http://farm8.staticflickr.com/7054/6840714088_09eac3efd0_b.jpg

That road is mega rap** :-) ..2 huge projects in front of each other...

I hope they stick to target completion date...

Malleshwaram is already buzzing with glory thanks to burgeoning malls like Mantri mall. From a quite locality it has become one of the prime attractions in the city.

http://1.bp.blogspot.com/-5jLOPd6M-HE/T5ZWEDpuN2I/AAAAAAAAHzE/PZZP2jPz6Ss/s1600/bw.jpg

http://img207.imageshack.us/img207/354/cimg0588.jpg

It is a proposal for construction of Residential Apartment of 518 units in Block 3, 3a, 3b, with 3 Basements+Ground+30 Floors, 3c & 3d with Basement+Ground+20 Floors and Club House 1 with Ground & 2 with Ground+ 1 floor on an area of 67726.32 Sq.m (Area left for future development- 40,368.242 and Present development on 27,110,828 and the total built up area is 1,37,175.64 Sq.m.. The total water requirement is 364 KLD and the investment is of Rs. 530.72 crores. The total parking provided is for 900 cars.

M/s. Palladium Constructions Pvt. Ltd have applied for EC from SEIAA for their revised and proposed residential apartment project at Survey Nos: Property ID. No. 14-1-1 (City Survey site No. 134 to 139), Dr. Rajkumar Road, Rajajinagar, Bangalore under 8(a) of schedule of EIA Notification, 2006 under category-B requiring EC from SEIAA. Project comes under BBMP. The project site had 2 existing buildings which have been demolished and debris will be used for leveling.

The earlier project proposal was considered in the SEAC meeting held on 11.11.2011 and the Committee decided to issue ToRs for the preparation of the EIA. ToRs were issued on 30.11.2011. However, the project proponent has come up with a revised proposal and has submitted Revised Form -1 & 1A on 05.12.2011.The comparative details of the earlier and revised proposal are as under:
http://3.bp.blogspot.com/-Rri-FVNnLoA/T-BM2A7DMgI/AAAAAAAAJ0w/365mZcX_q_M/s1600/Untitled.jpg

Soil: Total excavated soil: 26,000 Cum; Backfilling Quantity: 10,000 Cum and landscaping quantity: 10,000 Cum and 6000 Cum will be used for hardscaping within the project site. Solid Waste: Total generated: 1,096 Kg/day; Organic waste: 658 Kg/day treated in organic converter and product used as manure. Inorganic waste: 438 Kg/day will be sent for recycling.

Project Surrounding Details: Sankey Tank: 2.2 Km; Bannerghatta National Park: 25 Km; Other Details: Rain Water Harvesting is proposed.

The proponent present explained the project before the SEAC during he meeting held on 06.01.2012. The proponent informed that the project is located along Rajkumar road which joins Navarang road on one side and Yeshwanthpur on the other side. The Rajkumar road also joins Milk Colony road. The existing, projected and modified LoS of Rajkumar road is E- >F- >F (Navarang road), D->F->F (Yeshwanthpur road) and B-C&D (Milk Colony road).

After deliberation, the Committee decided to recommend the proposal to SEIAA for issue of environmental clearance after obtaining social commitment plan from the proponent for Rs. 25 Lakhs, as committed by him.

The proponent has submitted the information vide letter dated 30.01.2012.

The Authority perused the information submitted by the proponent and took note of the recommendation of the SEAC during the meeting held on 08.03.2012.

The Authority observed that the proposed project fall in a fully developed area, the modified LOS of Rajakumar Road is E to F. Therefore the Authority opined that the issue require a critical evaluation. The Authority after discussion decided to get the following information for further consideration of the proposal:
(a) Critical analysis of the impact on the traffic of Dr. Rajakumar Road due to the proposed project.
(b) Provision for a service road in order to avoid direct entry into the main road as to avoid traffic congestion.
(c) Modified layout plan with appropriate road width to commensurate the height of the building as per O.M. No. 21-270/2008-IA.III dated 7th February 2012 issued by the Ministry of Environment and Forests, Government of India, New Delhi.
(d) Safety measures proposed for excavation for three basements with due care for the safety of buildings in neibourhood.

The Authority also decided to invite the proponent to the meeting.

The proponent has furnished the information vide letter dated 28.03.2012.

The proponent was invited to the Authority meeting.

The Authority perused the information furnished by the proponent during the meeting held on 5th April 2012. The proponent appeared before the Authority and explained briefly about the project.

The proponent submitted that the maximum height of the building in the proposed project site abutting Dr. Rajkumar road in Bangalore is 99 meters. The existing width of the road is 24 Meter. It is proposed to be widened to 31 meters. The proponent claimed that the minimum requirement is 30 meters for the proposed building and therefore it meets the criteria laid down in the O.M. dated 7th February 2012 issued by Ministry of Environment and Forests, Government of India. The road is proposed to be developed with underpass and signal free corridor from Okalipuram to Yeshawantpura. The road width is 37 meter at one end of the project site and 24 meters at the other end.

The Authority observed that the width of the road where the entry and exit is provided to the proposed project site is less than the minimum requirement of 30 meters and it is not fulfilling the RoW criteria laid down in O.M. dated 07.02.2012 of the Ministry of Environment and Forests, Government of India.

The Authority after discussion, decided to get authenticated right of way at the entry of the project site with minimum width of 30 meter. The Authority also decided to invite the proponent along with the details of land proposed to be relinquished for further development of the road, etc.
The proponent has submitted the information on 07.05.2012. The proponent was invited to the meeting.

The Authority perused the information furnished by the proponent. The proponent appeared before the Authority and briefly explained about the project.

The proponent submitted that the entry and exit has been shifted to the other end and the project layout has been modified. The modified layout plan and the internal circulations was explained. The proponent submitted that the road width commensurate with requirement of O.M. dated 07.02.2012 issued by the Ministry of Environment and Forests, Government of India, New Delhi.

While clarifying on the possibility of traffic congestion as the entry and the exit are provided in the same place, the proponent submitted that it is a one way traffic, the exit traffic from the project site merges with the left traffic and therefore no congestion is expected.

While clarifying on the space reserved for future development the proponent confirmed with the developmental plan that it will be used for residential purpose only and no commercial activity is proposed.

The Authority after discussion decided to clear the proposal for issue of Environmental Clearances subject to submission of the following information:

(a) Commitment to undertake greenbelt in an area of at least 33%.
(b) Specific social commitment plan with budget, activity and time frame


http://seiaa.kar.nic.in/51st%20SEIAA%20Proceeding%20(9.5.2012).doc

I had called up Pheonix Mills According to them pre launch price is 6100 INR for first 6 floor .
Only 8 acres out of 17 acres would be used rest is greenery


Each Tower is 32 storied
Project is Approved by BDA and BBMP
Project Also has a 50000 sqft Club House
Starting Price For Project (2.5 BHK) is 1.25 Crore Onwards

According to Pheonix They will launch the project officially once they have sold 50 Units and are sitting with 500 enquires
Website would be updated in next 15-20 days as per Pheonix Mills Sales Guy

I had checked up the site and also spoke to the Phoenix Mills sales guy. As of now they are not having any pre launch going on. He also said that they will launch on 15th of August at around Rs. 6000 psf

Also pre-launch (if any) will me close to Rs. 5850- psf

But i have a few concerns over investing in the project as i am really not sure of the builder's reputation (i.e. overall built quality, timely construction, maintenance, finish quality, etc.) this being their 1st residential project in Bangalore. Im also not sure whether they have taken up any other residential projects before.

Also as of now, BBMP approvals are still awaited.

Does any body have any idea about the specifications they will be providing inside the apartments??

I had checked up the site and also spoke to the Phoenix Mills sales guy. As of now they are not having any pre launch going on. He also said that they will launch on 15th of August at around Rs. 6000 psf

Also pre-launch (if any) will me close to Rs. 5850- psf

But i have a few concerns over investing in the project as i am really not sure of the builder's reputation (i.e. overall built quality, timely construction, maintenance, finish quality, etc.) this being their 1st residential project in Bangalore. Im also not sure whether they have taken up any other residential projects before.

Also as of now, BBMP approvals are still awaited.

Does any body have any idea about the specifications they will be providing inside the apartments??
i also checked with them have approvals from both BDA and BBMP .Pre launch is 6100 INR/sqft i did check with Pheonix they said price is fixed .
Pheonix mills have loads of residential projects with pan india presence They have ongoing projects in mumbai and chennai

i also checked with them have approvals from both BDA and BBMP .Pre launch is 6100 INR/sqft i did check with Pheonix they said price is fixed .
Pheonix mills have loads of residential projects with pan india presence They have ongoing projects in mumbai and chennai

Can you share the contact details of the sales rep you have been speaking to?? I would like to have a little more information regarding the project and if possible, ill do a booking also..

Can you share the contact details of the sales rep you have been speaking to?? I would like to have a little more information regarding the project and if possible, ill do a booking also..

check your private message have messaged u his (Praveen's) number.Do not book until u get renders and floor plan .Mock up Apartment is almost ready visit site before you book .

Thanks for the details.. I have been speaking to the same guy but he is not offering me any pre-launch apartments. Also i was informed by him that the mock-up flat will be ready in a weeks time and i can come and have a look at the same.

Launch is only on the 15th of August, and all the details will be given regarding the same at that time only.. Till then, he is not ready to reveal any rates or the other details of the project.

Is it possible to get back to me Mr Avinash.Phoenix Guy

Is it possible to get back to me Mr Avinash.Phoenix Guy

hi r u from phoenix mills?

Deleted

That road is mega rap** :-) ..2 huge projects in front of each other...

I hope they stick to target completion date...

yes you are right the road usage will be bottle neck for traffic

I had checked up the site and also spoke to the Phoenix Mills sales guy. As of now they are not having any pre launch going on. He also said that they will launch on 15th of August at around Rs. 6000 psf

Also pre-launch (if any) will me close to Rs. 5850- psf

But i have a few concerns over investing in the project as i am really not sure of the builder's reputation (i.e. overall built quality, timely construction, maintenance, finish quality, etc.) this being their 1st residential project in Bangalore. Im also not sure whether they have taken up any other residential projects before.

Also as of now, BBMP approvals are still awaited.

Does any body have any idea about the specifications they will be providing inside the apartments??


RS 5000 PSFT would be a high cost for this project they should not thisnk its too much developed area (highly commercial)
People like to be in residential Kool zone
the adjacent brigade is too corwdy too commercz

Hi Avinash... when will b the launching date?

any update on the project ?

Hi Avinash
any update on the soft launch? Any news from Praveen of Phoenix mills?

Hi Avinash
any update on the soft launch? Any news from Praveen of Phoenix mills?

I have no clue

http://4.bp.blogspot.com/-VyQk9tAs5dw/UD05r674zoI/AAAAAAAANrM/HwkaK3CtAlg/s1600/54.jpg

http://www.benoy.com/sites/default/files/project_images/One%20Bangalore%20West%2001.jpg

http://www.benoy.com/node/887

http://www.benoy.com/sites/default/files/project_images/One%20Bangalore%20West%2003.jpg

http://www.benoy.com/sites/default/files/project_images/One%20Bangalore%20West%2002.jpg

I went to the site y'day, and the guard told me the launch date is 7-Sep. Any idea on this builder's reputation? Any links to his other completed residential projects, so that we could take a look?

I had checked up the site and also spoke to the Phoenix Mills sales guy. As of now they are not having any pre launch going on. He also said that they will launch on 15th of August at around Rs. 6000 psf

Also pre-launch (if any) will me close to Rs. 5850- psf

But i have a few concerns over investing in the project as i am really not sure of the builder's reputation (i.e. overall built quality, timely construction, maintenance, finish quality, etc.) this being their 1st residential project in Bangalore. Im also not sure whether they have taken up any other residential projects before.

Also as of now, BBMP approvals are still awaited.

Does any body have any idea about the specifications they will be providing inside the apartments??
You refer to a site - could you please post which website?
could you also post their sales guy's contact info

Thanks

You refer to a site - could you please post which website?
could you also post their sales guy's contact info

Thanks

By site i meant the SITE of the project and not the website.

Still no clue about the project. No idea about the launch date as well as the launch price.

http://lite.epaper.timesofindia.com/Repository/TOIBG/2012/09/07/3/Img/Ad0030001.png

Project URL:http://www.onebangalorewest.in

G96LkcmAGtg

http://www.onebangalorewest.in/images/master_plan2.jpg
http://2.bp.blogspot.com/-kVRGAejDSAA/UEpC6MaXqII/AAAAAAAAOCY/8oNjE44LW7M/s640/master_plant_caption.jpg

What is the current rate per sq. ft. for the apartments? And how many units have they been able to sell?

What is the current rate per sq. ft. for the apartments? And how many units have they been able to sell?

As per my info. Sold out on day zero

As per my info. Sold out on day zero

sold out? any idea what does future development mean? mall and hotel?
what was the selling price? how many units were up for grabs?

sold out? any idea what does future development mean? mall and hotel?
what was the selling price? how many units were up for grabs?

Future Development = Future Phases.
6500 was selling price, went to 7500 by the end of day

Shares of Phoenix Mills gained more than 2% on Tuesday as the company launched its largest residential project "One Bangalore West" in Rajajinagar Bangalore.

In a release sent to exchanges, the company said, "It has launched phase I of One Bangalore West, its approximately three million square feet residential project on September 7. The launch received a tremendous response with over 275 apartments (greater than 7 lakh square feet) worth over Rs 530 crore being booked till date. The average basic sale price exceeded Rs 7,000 per sq ft, above our internal estimates.":banana:

Source: http://www.moneycontrol.com/news/buzzing-stocks/phoenix-mills2bangalore-residential-project-launch_756318.html

Phonex Mills' One Bangalore West project have seen good realizations and Praduma Kanodia, Director Finance of the company said the project so far has seen a strong response. In the first few days of launch, 275 apartments have been sold and the company expects revenue recognition to come in from the first quarter of FY14, added Kanodia.


Apart from this project, Phoenix Mills is also ready to launch its new hotel, 'Shangril-La' in October-November 2012. Kanodia further stated that though, the company's debt is expected to rise to Rs 1600 crore, it is at manageable levels. Phoenix Mills is also hoping for 10-15% profitability growth in FY13.

Here is the edited transcript of the interview on CNBC-TV18.

Q: The street is encouraged by the kind of realizations that you are likely to get from that project, if you can tell us what the demand has been so far?

A: I think the initial success that we have seen for our One Bangalore West project is a testimony to our brand equity that Phoenix has been able to establish in the Bangalore market. The total project size is around 3 million square foot which will comprise of several multi storey towers.

Initially, as part of our phase one development we have launched five towers. These are basically 29 floors each. In the first few days of our launch, we have been able to sell more than 275 apartments which would equal to more than 700,000 sq ft of area in terms of saleable area and the average basic selling price for these apartments were in excess of Rs 7,000 per sq ft.

Q: How much money would you book in this quarter and when will this money show up in the P/L?

A: Since we have just launched it in the middle of September, revenue recognition in this month will not happen. But what is important is that the booking amount that we have received will start coming in and we would see that cash flow coming in.

Revenue recognition will happen based on the percentage completion that we achieve. I feel that may be possible only because we are following a very judicious and a very conservative revenue recognition policy. It should be the first quarter of the next financial year when we would start recognizing revenue. But by March 2013 we would probably collect 25% to 30% of our booking amount from a cash flow perspective.

Q: What about the Shangri-La project? What is the timeline now?

A: We are in a state of readiness. The handover process is going on. The entire team is geared up for opening the hotel as quickly as possible. We are just awaiting a few things to be clarified before we do that. Hopefully, by October-November we should see the hotel getting operational.:banana:

Q: There were some reports that the environment approvals for the hotel are not in place and perhaps the opening could be delayed as far as January-February next year. Do you think that is unlikely?

A: That is definitely not the current scenario because we have seen where we stand and we also understand the concerns that you are referring to. Keeping all those points in view, we are very hopeful that in October-November we should be in a position to open the hotel.

Source: http://www.moneycontrol.com/news/business/eyeing-10-15-profit-growth-in-fy13-phoenix-mills_757392.html

Any idea of initial costs...

Any ideas of the current rates? Also what is the availability like right now? And have they started the project or they are still yet to start??

Anshul Dhamija TNN

Bangalore: Its the start of the festive season and property developers are keeping the spirits high with a host of new product launches.Much like what is being seen in the automotive space.
In under 30 days,the city has seen some five new residential launches by A-grade developers,a trend last seen prior to the 2008 downturn.
The new launches range from 2-BHK apartments to 4,000-sqft villas,with prices starting at Rs 37 lakh.
In the first quarter of this financial year,Bangalore was the single largest market in terms of volume.The real estate market in the city has been robust despite the subdued marco-economic sentiments, said Pirojsha Godrej,MD of Godrej Properties.The Mumbai-based developer launched two residential projects in the city in under two-weeks.
On Thursday,Godrej launched a 1-million sqft project,called Godrej E-City,in Electronics City Phase-1,which offers 2,2.5 and 3-BHK apartments,with floor spaces ranging from 964 sqft to 1,625 sqft,at prices starting from Rs 37 lakh.
Prior to this,the company launched a niche villa project,Godrej Gold County,on Tumkur Road,which comprises of 87 units priced above Rs 2 crore.
Mayank Ruia,head-residential of The Phoenix Mills,said,In under a month we have sold close to 350 units of the 400 units on offer in the first phase of our project. The Mumbai-based developer has launched an ultra-high end residential project,One Bangalore West,in Rajajinagar,which has apartments ranging in size from 2,400 sqft to 4,000 sqft at a price of Rs 8,400 per sqft.
In a similar price bracket is Embassy Groups luxury residential project Embassy Lake Terraces at Hebbal.This new project has apartment sizes ranging between 3,500 sqft and 9,900 sqft.Prices start from Rs 3 crore.
Puravankara Projects launched an ultra premium property,Purva Whitehall,on Sarjapur Main Road,which offers buyers only 3 and 4-BHK apartments.
Jackbastian Nazareth,CEO,Puravankara Projects,said The number of enquiries for luxury projects (priced above Rs 2 crore) has increased by close to 30% in the last six months. Nazareth added,The demand for luxury projects is being fuelled by first generation entrepreneurs,senior management from the IT/ITeS sector,and the larger HNI and NRI base in the city.
In order to showcase to buyers the breadth of offerings now available,Times Property is launching the 8th edition of its property expo,Home Affairs.The expo will be held on October 20 and 21 at The Lalit Ashok.

COMING BACK TO LIFE

Projects nearing completion in South East and North Bangalore witnessed an increase in capital values of 1015 % during the first half of 2012 During the January to June period capital values of mid-segment residential units in South East,East and Off-Central locations increased by around 4-8 %,while those in the Central,North and South Bangalore were higher by 1-4 % as compared to the same period a year ago
http://lite.epaper.timesofindia.com/mobile.aspx?article=yes&pageid=26&edlabel=TOIBG&mydateHid=20-10-2012&pubname=&edname=&articleid=Ar02600&format=&publabel=TOI

Any ideas of the current rates? Also what is the availability like right now? And have they started the project or they are still yet to start??

How many units are yet to sold? Is the project sold out?
Also does anyone have a clue of the future developments in this project??