Pre-Launch: E-City by GM Infinite

Published on Mar 05, 2013, 05:40 AM IST
GM Infinite builders have joined the smart home club with the pre-launch of their new project 'E-City Town' in quite close to electronic city. Spanish theme is the USP to this project which offers 969 units in combination of Studio, 1, 2 & 3 BHK apartments towering 4 floors above ground across 5 blocks in 11.25 acres land. E-City Town is decked with major amenities like Swimming pool, kids pool, multi gym, cricket pitch, indoor games, sand pits, multi purpose halls etc.

Here are some key unique selling points of this project marketed by the builders.
  • Spanish Living
  • Affordable Housing
  • 40,000 sq.ft club house
  • Jaguar and Cera bathroom fittings.

Pricing: Pre-launch prices are expected as follows
Studio – 9 Lakhs + ( Area - 435 Sft )
1 BHK –
13.50 Lakhs + ( Area - 610 & 625 Sft )
2 BHK –
23.00 Lakhs + ( Area - 1025, 1060 & 1070 Sft )
3 BHK –
29.50 Lakhs + ( Area - 1350, 1360 & 1500 Sft )

The above prices are basic costs (without club fee, car park and statutory charges), which works out to approximately
2060 to 2243 per sq. ft depending on the apartment type. We expect the landed cost (all inclusive) to be approximately around 2500 - 2600, which sounds very attractive.

The project site is quite close to most of the IT companies electronic city, Industries at Bommasandra Industrial area and easily accessible to most of the hospitals on Hosur road. There is also a proposed plan for Neo Mall near the project site.

E-City Town is the first major project by GM infinite builders and they have strategically planned to launch this project at attractive pricing to target customers with blue and white collar jobs around the neighborhood. Customers also benefit the exemption of additional
1 lakh as interest deduction proposed in the new union budget.

The demand may not be as aggressive as expected due to many launches in the neighborhood and the builder being new to most people. Based on our research in electronic city, property appreciation or rental appreciation may not be as high as other neighborhoods due to over supply of units and the steady demand and appreciation in east and north Bangalore.

Note: It's recommended to contact the builder for the latest prices, plans etc. as these projects are yet to be launched.

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