Chitrakut Basil

Chitrakut Basil is a project by a known builder called Chitrakut in Kaggadaspura on 6th Cross Extension.

Chitrakut have some other properties in Basvanagar (Chitrakut Environs), kaggadaspura (Chitrakut Basil), Byrasandra (Chitrakut Dham & Chitrakut Scion).

There are 11 apartments on each floor. Block A (enclosing garden) has 7 apartments and Block B has 4 apartments (enclosing kids play area).

It was ready to occupy in year 2009.


Project Descripton:

Reality fades and a dreams begins

The moment you step into Chitrakut Basil. Regally positioned at Kaggadasapura on outer Ring Road just a 9.5 km. Drive from M.G. Road, this majestic edifice with its extravagant amenities,gracious landscape and luxurious apartments will simply spoil you. Designed to appease royalty and engineered to satisfy all princely needs Chitrakut basil is easily accessible from all happening places like ITPL,White Field , Airport and Old Madras Road.

"Chitrakut basil" is a 44 Flats apartment with 2 & 3 bedroom flats of range 1155 to 1575 Sq feet each and luxurious pent houses.

Apartment Depreciation

Calculate apartment depreciation.

Calculate depreciation on flats in case they are old. Assume that current market price for new 2BHK flat in Brookfield is 50 Lacs. In case, an apartment is 5 year old, you should pay only 45 Lacs. It should be 10% less (2% for each year), this is what bank person has told me. 

Bank assumes that your building age is 50 years. BBMP assumes it to be 60 years. After 60 years, they will come and check it every year to certify that you can still live in it.

Ozone Urbana

Ozone Urbana, a very ambitious project by Ozone Group near to Bangalore International Airport.

Looking at the current plot rate in Bangalore East and Bangalore South, the plot rate really looks cheap.

http://www.ozoneurbana.com/indeex.html


Not for the domestic software engineers. There is no point in holding so much money at a place where you don't even know if any company will exist in your remaining career of 10 to 15 years. The person who has not gained close to 10 years of exp doesn't have to even think about locking so much money.

Remember why the deal of Oracle moving to Brigade North Star got cancelled..... Software Engineers are already settled in the IT corridor ... from Bannerghatta road to Whitefield road..... they all refused to go there....

NRI's can definitely think of it for long term prospect. Now a days, I get a feeling that all the projects by top 10 builders are targeted towards them only. How many software engineers in India can afford to buy 2bhk of 45 Lacs to 50 Lacs? Add to it registration and wood work cost of minimum 5 lacs. How many of us can even afford it? The domestic software engineers have to set their sight on the next 10 builders which are not clearly visible.