CloverMark Property Appraisal Report PROPERTY OVERVIEW TE - The Magic Faraway Tree Phase-2 The Magic Faraway Tree Address: The Magic Faraway Tree, Kanakpura Road, Located at Talaghattapura - just off NICE corridor(approx 200 m away) Property Type: Super Luxury Apartment Location: Kanakpura Road Micro Market: Kanakpura Road Zone: South Unit Size / Area: 3 BHK, 3 BHK Duplex and 4 BHK Pent Houses: 2424-4251 sq.ft Property Description: The Magic Faraway Tree takes its name from the beautiful old tree on the edge of the 10.5 acre property. The project is located 16 kms from the city centre on Kanakpura Road. Expected Possession Date: Phase - 1: Q4 2014 and Phase - 2: Q4 2016 Ticket Size: 2.7 Cr Onwards. AREA PROFILE Development interms of Real Estate - Sobha Forest View, Purva Highlands, Nitesh Ceasar's Palace, Mantri Serenity, Prestige Upcoming Project - Prestige Falcon City, Purva Upcoming Project - Purva Parklane and Mantri Mall. CLOVERMARK INSIGHTS Easy connectivity to major roads of South and West Bangalore (Hosur Road, Bannerghatta Road, Mysore Road and Tumkur Road). Easy connectivity to Outer ring road 5 mins drive to Iscon Temple which is in Kanakpura Road 30 mins drive to Electronic City and Global Village Tech Park 15 mins drive to Bannerghatta Road Great Location 1. Located on the south of bangalore, it has easy access to ring roads 2. Peaceful environment around the project. 3. 35 mins drive to electronics city Great Project 1. There are many projects that are coming up and few are under construction 2. Metro Phase-2 is under construction upto anjanapura 3. Mantri mall, is under construction 4. Iskcon's theme park is under construction Great Investment 1. This area has seen an average returns of 12% to 14% since last two years 2. There are few projects which are under construction, might lead to a surge in the price with in two or three years 3. Rental Potential is high in this area KEY RATINGS Appreciation Rental Potential Life Style Education Institutions Companies Out of 10 8 2 6 4 7 3 7 3 5 5 5 5 7 3 7 3 6 4 8 2 CloverMark Rating 7 Out of 10 Note: Data gathered for Current Ratings (Rental Potential, Life Style, Education Institutions & Industries) is based on current area status. Appreciation is based on on development plans around the area
Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 HISTORICAL APPRECIATION Area Price Trends: Kanakpura Main Road Rate / Sq. ft Trend Rate / Sq. ft Growth 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 8000 6250 5390 3390 2666 2940 Jul'12 Dec'12 Jun'13 Min Max 30% 25% 20% 15% 10% 5% 0% 16% 10% 1 2 Min Max 28% 15% Project Price Trends: TE - The Magic Faraway Tree Rate / Sq. ft Trend Price Growth Trend 14,000 12,000 10,000 8,000 6,000 4,000 2,000 6,500 7,410 9,971 13,072 11,467 120% 100% 80% 60% 40% 20% 0% 14% 32% 53% 76% 101% 0 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Current Projected Projected 0% 0% 0% 0% 0% Trend factors: Price indicated by developer on their pricing stratergy post launch Project Growth based on the development around the area Price indicated is subject to change Trend factors: Price growth since launch price Project growth based on the development around the area Y-o-Y Returns 20% 15% 10% 5% 0% 14% Apr 13 to Apr 14 18% 16% 16% Apr 14 to Apr 15 Apr 15 to Apr 16 17% 13% Apr 16 to Apr 17 to Apr 17 Apr 18 Influencers Easy connectivity to major roads of South and West Bangalore (Hosur Road, Bannerghatta Road, Mysore Road and Tumkur Road). Metro Phase 2 is coming to Nice Corridor 20 mins drive to Bannerghatta Road and Mysore Road Easy connectivity to Global Village tech Park 30 mins drive to Electronic City 15 mins drive to J P Nagar Current Projected Trend factors: Year on year price growth since launch Project Growth based on the development around the area LOCATION MAP MG Road TE - The Magic Faraway Tree TE - The Magic Faraway Tree
Architectural Views of the Project
Site Plan
FAQ List FAQs Overview Launch date Apr-13 Possession/completion date Phase 1 - Q4 of 2014, Phase 2 - Q 4 of 2016 Entire project completion date 6 months after given possession date Number of units sold out Number of units available Existing customer segment of property Industry/Company Family specifications 1 IT / ITES 2 NRI's 3 Business Men Nearby Landmark NICE Ring Road Dominating Industry nearby project Realty Developer's Camapign details of the Property With Phase 1's success, Phase 2 became more attractive for Investors Customer Related What is target customer segment? Company Salary range Designation/prof ile 1 2 3 4 5 Plans Related Master Plan 10.5 Acres First liveable floor Height of Liveable floors Ceiling Height 9 ft 6 inches Maximum Height 40-45 meter (apprx) How many blocks/towers? 4 How many floors? 30 How many units per floor? 4 Provides enough Privacy with minimum units per floor Specifications Related Maintenance Cost Rs. 400 Per Sq.ft Car parking area details Extra Car Park Location Other specification Project specifications-inside amenities Club House Swimming Pool Gym Garden Community Hall Tennis Court Rain Water Harvesting Why is the project priced higher? Because of the Brand, its Proximity to Metro Station, Accessibility through NICE Corridor and Kanakapura Road Why is the project priced lower? Investment Related Approx Rental in that area 20 K to 30 K Other upcoming projects nearby Type Distance from Time taken property 1. Nitesh Ceasers Palace Luxury 100 mts 30 secs On-Going Apartment 2. Mantri Serenity Apartment 3 Km 6 mins On-Going 3. Purva Highlands Apartment 200 mts 50 secs On-Going 4. Sobha Forest View Apartment 2 Km 5 mins On-Going Lock-in Period No Transfer Fee Rs. 300 /- Sq.ft Cancellation post allotment Rs.5,00,000/- Buy Back if any? No Projects around by indicate the growth of the Area itself Water Related Is there a kaveri water connection Yes Is there kaveri water in the tap Yes How many borewells? 3 Borewell depth 380 mts Water depth in the borewell(in inches) Enough borewells which will meet the needs of Residents Booking Related Towers open for Booking? All Bookings per person What is an Address Proof? Is PAN Card required? Yes Cheque/DD in whose name? Payment Schedule Related When will registration happen? Why register so early? Maintenance Views Related Apartment facing view? North View from tower XYZ? North East View from tower XYZ? South East View from tower XYZ? South View from tower XYZ? South West View from tower XYZ? West View from tower XYZ? North West View from tower XYZ? Living room insights Bedroom & Bathroom insights Status
Overall insights Area Related Height of neighbouring buildings Parameters Name Time taken Distance Nearby schools Delhi Public School Alpine Public School Sri Kumaran Childrens School 10 mins 10 mins 4 mins 5.1 Km 5.07 Km 2.18 Km Nearby colleges City Engineering College RNS Institute of Technology ICFAI Business School Dayanand Sagar Institutions Yellamma Dasappa Institute of tech 9 mins 10 mins 11 mins 13 mins 8 mins 4.48 Km 4.78 Km 5.3 Km 6.51 Km 3.4 Km Nearby malls Gopalan Mall Coupon Mall Meenakshi Mall Central 21 mins 22 mins 15 mins 20 mins 11.4 Km 14 Km 11.2 Km 11. 1 Km Nearby shopping complex Metro Cash & Carry Big bazar 11 mins 19 mins 5.7 Km 8.7 Km Nearby hospitals Fortis Hospital Metro Hospital Samastha Hospital Bangalore ENT Hospital 24 mins 8 mins 6 mins 7 mins 12 Km 4.3 Km 3.4 Km 3.6 Km Apollo Hospital 17 mins 13.1 Km Nearby hotels Heaven Gate The Tamarind tree Vasudev Adigas 5 mins 9 mins 12 mins 1.8 Km 2.8 Km 3.4 Km Nearby IT Parks Electronics City Kalyani Magnum InfoTech Park Honeywell 35 mins 22 mins 19 mins 22 Km 15 Km 13.7 Km Nearby Business Hubs Jayanagar BTM Dairy Circle Electronics City 25 mins 22 Mins 28 mins 35 mins 16 Km 14 Km 18 Km 22 Km Nearby Theatres Cinepolis Gopalan Movies PVR Movies 15 mins 21 mins 20 mins 11.2 Km 11.4 Km 11.1 Km Well laid roads which can connect all the places mentioned above Access Related Distance Width Access road for Property Service road Access to main road/highway 550 mts - Kanakapura Road - 40 ft (120 ft after extension) Access to ring road 800 mts - NICE Road - 120 Ft Good accessibility with proposed extension of Kanakapura road Transport Related Distance Time taken Nearest bus stop 1 Km 5 mins Nearest auto stand With in Vicinity Railway station 27 Km 45 mins Airport 51 Km 1 Hr 14 mins Nearest metro station Anjanapura (proposed) Metro is with in the reach to the property Jodi Apartment Related Are Jodi apartments possible? Any special process for Jodi applications? NRI Related How can NRIs book? Legal Related Property Taxes Construction Related Who is the architect? Who is the land scalping vendor? Any designer worked on the project? Can I customize the internal layout? Does it come with furnishing? Drawback/Flaws of the project Note: Extra details to be mentioned