Sumadhura Essenza, Bangalore

Worst experience so far, as the flat no F-1004 owner Mr. Gangadhar is playing with emotions of there tenants, this is a experience which my friend has faced with this owner. Initially he has committed to give the security money back and after leaving the house. he still promised to give the money back with all the deduction within a week, but its been three months and after 100 calls still he is giving excuses and not wiling to give back the money. So tenants beware of such owners at "SUMADHURA SHIKHARAM" because your hard earn money will go for a toss.

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Sumadhura Essenza Review, real review - Hosa Road bus stop, Hosur Road, Bangalore. Near to Electronic City  – As on January 2015

Sizes(old):

1 BHK – 730 sqft

2 BHK – 1170 sqft to 1260 sqft

3 BHK – 1490 sqft & 1070 sqft

Sizes(new):

1 BHK – 730 sqft

2 BHK – 1245, 1275, 1340 sqft

3 BHK – 1580, 1730, 2090 sqft

Sumadhura Essenza Location:

Chikkathoguru, Bangalore South,  Exactly at Hosa Road Junction, On side of Basapura Village at the traffic signal.

Key Distances

• Silk Board – 6.4 km

• Koramangala – 8.5 km

• E-city – 3.5 km

• Nice road junction 1.7 km

• MG Road – 15 km

Sumadhura Essenza Price

Visited the site office during September 2014, a special pre-launch price was offered at Rs. 3999/- per sft. At that time real estate market was subdued and not many launches were successful. Visted their office in January 2015 and the price they quote is Rs 4099/- per sq ft. Presently, Ground floor structure construction is completed.

= Sumadhura Essenza Plus points(pros):=

It is positioned on the main road itself, so easy to commute

Just behind the Hosa Road bus stop

Being corner building, depending on the flat, view of Basapura road, Hosur road, and Hosa road junction.

Close to the upcoming Metro Station(phase 2)

= Sumadhura Essenza Minus points(cons):=

Noise pollution of the main road

Noise pollution of overhead bridge(Elevated toll bridge)

Lack of open spaces in the apartment.

Congested amenities all on the top floor itself

Shops, Shopping centers on ground, first and second floors open to public(not sure of the plan will change further) so its not good for children play areas, etc as there would be too many strangers coming in and out.

Elevated tollway cannot be used as it is 3 KM from the Infosys start point in Electronic City.

Lack of malls or good cinema halls around Hosa road area

Number of projects coming up in the same Basapura road at much more attractive prices.

Investment Value:

Seeing the above pros and cons, it would not be ideal for family stay, however it would be good for persons working in Electronic City itself.

Rentals are not easy now-a-days as there are a number of flats vacant, with slight slowdown of the IT industry. 2 bhk or 3 bhk for rent in Electronic city is still in demand.

VERDICT:

Compared to upcoming areas like Ananth Nagar in Electronic City, Phase 2 where the ongoing rate in approx. 2200 per sq ft and Electronic City Phase 1 which is approx. 2800/- per sq ft, it could take some time till the rates catch up and make this offer attractive.

With the real estate boom come to an end, it seems that resale is not an easy task any more. With recent new that TCS has done mass layoffs, a number of flats would have now become vacant in Electronic City Phase 2, and rentals would not be easy as well.

The verdict is yours, the data has been presented for your decision.

Let me know your thoughts, please leave comments.  thanks.

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