krishna goldfields

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REAL ESTATE FACTSHEET KRISHNA GOLDFIELDS

Krishna Goldfields

Project Snapshot

Segment: Budget-Mid Segment

-Type: Apartments

-Units: 2 BHK, 3 BHK

-Total Units: 630

-Size of Units: 855-1219 sqft

-Launch Price: INR. 3,100

-Launch Date: Soft Launch

-Possession: To be announced

-Land Holding

-Approvals: BBMP approval is obtained



- Layout Analysis: Spread in an area of 6.62 acres, the project consists of a total of 630

units comprising of 2 and 3 BHK apartments.

-Amenities: Swimming Pool, Gymnasium Indoor Games, Power Back Up, Garden,

Children’s Play Area, Aerobics Hall, Party Hall, Pantry Garden, Steam and Sauna.

-Not so good about the project: As builders Krishna is still a relatively smaller in

comparison to other grade A builders in Bangalore.

- Payment Schedule: NA

- USP: Moderately priced good quality accommodation suitable for IT and other

professionals working in and around electronic city

Price Comparison

It could be seen that it is moderately priced in comparison to numerous other popular projects

in the Bangalore city.

Figure 1: Price comparison of some of the key projects in Bangalore in terms of INR/ sqft

Appreciation Analysis

Mentioned below are some of the major residential projects in and around, Electronic City,

where the project is being developed



-Godrej E-City: The project is located in Electronic City Phase 1, on an area of 15 acres and

comprises of a total of 860 units, split into 1, 2 and 3 BHK apartments. The project is

expected to be ready by the end of 2016 and involves a price of INR 4,300 per sqft.

- Concorde Group Epitome: Ready for possession by the mid of next year in 2016, the project

involves a total of 179 units of 2 and 3 BHK apartments available at the price of INR 3,800 per

sqft.

- Concorde Group Tech Turf: Ready for possession by the mid of next year, the project is

being built on an area of 1.26 acres and involves a total of 148 units. The project involves 2

and 3 BHK units available at a price of INR 3,800 per sqft.

- Prestige Birchwood: The project involves a total of 864 units being developed on an area of

25 acres. The project, which is being developed in the sunrise township of Electronic City will

involve 1, 2 and 3 BHK apartments. Ready for possession by the mid of 2017, the project

involves a price of INR 4,350 per sqft.

Mentioned below are some of the major residential projects developed by Krishna Developers

in Bangalore.

-Krishna Mystiq: The project has been located off Hosur Road in an area of 6.3 acres

comprising of 2 and 3 BHK apartments. The project is expected to be completed by the end of

this year and involves a price of INR 4,000 per sqft.

- Krishna Aquabay: The project is located near Electronic city and comprises of 3 BHK and 5

BHK houses, being developed in an area of 5.6 acres. The project is expected to be

completed by the beginning of next year and involves a price of INR 4,200 per sqft.

- Krishna Elicia: Located in Yelahanka, North Bangalore, the project involves high end 3 BHK

and 4 BHK apartments. The project is expected to be completed by May 2017 and involves a

price of INR 6,000 per sqft.

- Location Analysis

The project is located in Electronic City, and enjoys a close proximity to NICE road and

elevated expressway on Hosur Road. Additionally major junctions such as Sarjapur / ORR

and Silk boards etc. are easily accessible through the well-developed road network. Thanks

to the close proximity of most of the major IT/ITes/Industrial work places like Infosys, Wipro,

TCS, HCL, Bomassandra industrial area and Sipcot Industrial area, the location is touted for

being situated inside a vibrant economic landscape. Its closeness to the major IT companies

and other industrial areas make it a suitable accommodation option for professionals working

in these areas.

Coupled with the economic significance of the location, it is also at a center stage of vibrantly

up- swinging social infrastructure. The project involves a slew popular schools, restaurants

and hospitals. Not to mention banks, ATM and bus stations. Some of the prominent schools in

the nearby vicinity are Delhi Public School (DPS), Ebenezer International School, Treamis



World School and Indus International School. Metro is also expected to enter into electronic

city in phase II, which will further add value to the location.

- Distance from Major Landmark

Land Mark Distance (KM)

Silk Board 11

Infosys Corporate Office 1.5

Sarjapur Road 8

Outer Ring Road 10

Bangalore International Airport 22

Expected Appreciation: Large volume of IT and ITes companies are in close vicinity of the

project, making it a suitable option for individuals working in these companies. A robust IT

industry integrated with a rapidly evolving residential market has also resulted in a vibrant

social and retail infrastructure in the form of plethora of schools, hospitals, colleges,

restaurants and retail outlets, thereby adding further value to the location.

In the coming time on the backdrop of the economic significance of the location integrated

with robust social infrastructure the present prices are expected to be rise with rate of 13-

16%, according to the estimates made by the Kin Housing research team.

Builder Analysis

- SWOT of Krishna

Strength

- Presence across mid as well as luxury

segment

- Emerging name in the Bangalore’s

realty market

- Known for executing projects on time.

- Usage of latest technologies and

construction practices.

- Usage of better technologies coupled

with global sourcing helps the

company to offer optimized cost to the

customers.

- Received awards and accolades that

involve best luxury developer in

Bangalore and Best Luxury Villa

Weakness

- Comparatively lesser presence,

compared to other entities such as

Prestige, Sobha and Purva etc.



project in North Bangalore.

Opportunities

- 10 -15% rise in demand expected in

terms of residential units in 2015

- Political stability, rise in output, job

creation and sound investment

fundamentals expected to further

stimulate demand

- Expected further reduction in Repo

rate will result into easy home loans

Threat

- Economy will take some more time to

fully recover. Rupee depreciation

continues (Though this can boost NRI

investment)

- Subdued market sentiments in the

recent past

- Large unsold inventory

- The latest Union Budget has not

announced anything specific to real

estate

- Customer Feedback: Krishna is one of the emerging brands in the Bangalore’s realty

market. In a short time, the brand has made a strong name for itself. Krishna is touted

for using latest technology practices and top quality material. Thanks to its global

sourcing procedures coupled with robust technological practices, it offers optimized

prices to the end users.

-Reasons to invest in the project

-High appreciation expected in the coming time on the backdrop of rise in IT companies,

retail and residential activities.

- Moderate cost

- In close proximity to the vast IT space of Bangalore and hence will be preferred by

individuals working over there. It also has Powerful retail and social infrastructure along

with upcoming infrastructure projects.

krishna goldfields

Real Estate