Pre Launch: Shriram Summitt at Electronic City

Published on Mar 25, 2013, 07:30 AM IST
Shriram summitt electronic coty
Bangalore based Shriram Properties have opened bookings for their new project 'Shriram Summitt' located at electronic city.

Shriram Summitt, set on 15 acres, offers 1, 2 & 3 BHK units in various sizes. 1 BHK units range from 720 to 780 sq.ft, 2 BHK units from 1190 to 1300 sq.ft and 3 BHK units from 1630 to 1700 sq.ft across 35 blocks.

The project is planned with all the modern amenities with good landscaping. The builders have set a pre-launch price of
3350 and chances of discounts are good with more than one booking.
Additional costs include club house fee of
1 lakh, corpus fund of 25000, BWSSB & BESCOM charges at 150 per sq.ft, Car parking fee of 2 lakhs for open parking and 3 lakhs for closed parking. We expect the landed cost of 2 BHK between 42 to 46 lakhs.

Analysis: Shriram Summitt has a big winner in its hands, the location. The project is located at electronic city phase 1 (quite close to Cyber park, HP Surya park); makes it convenient for social and work life. Pricing too works on Summitt's favor, other projects around electronic city which are quite remote have been priced higher with the same specifications and amenities. There is some news on a ring road being planned next to the project, noise pollution can be a cause of concern for units facing the ring road.

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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