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ROYAL GARDEN VILLAS AT TUSCANY HILLS IS A UNIQUE 5-STAR RESIDENCE, RESORT AND CLUB COMMUNITY NESTLED IN THE WINE COUNTRY OF NANDI HILLS, JUST OUTSIDE THE GLOBAL TECHNOLOGY HUB OF BANGALORE, INDIA. |
| Advertisment Description: |
At Royal Garden Villas & Resort at Tuscany Hills you can choose from luxury two and three bedroom apartments, four bedroom town homes and penthouses, and resort-style villas ranging from 1,045 to 6,000+ square feet.Apartments:
Two Bedrooms
Monte Acuto - 1,045 sq ft - $72,906
Solano - 2,070 sq ft - $144,418
Santa Maria - 2,530 sq ft - $176,511
Marbella - 2,700 sq ft - $188,372
Three Bedrooms
San Romolo - 1,305 sq ft - $91,046
Sardi - 1,500 sq ft - $104,651
Poppello - 1,867 sq ft - $130,256
Medina - 2,825 sq ft - $197,093
Azuena - 3,335 sq ft - $232,674
Four Bedrooms
Tierra del Sol - 4,175 sq ft - $291,279
Penthouse:
Four Bedroom
Granduca - 4,865 sq ft - $339,418
Townhouses:
Four Bedroom
Bella Collina - 4,530 sq ft - $316,046
Casa Amadeo - 4,475 sq ft - $312,209
Villa:
Four Bedroom
Villa Rosa - 4,120 sq ft - $287,442
Five Bedroom
La Capanna - 6,200 sq ft - $432,558
Payment Details
A 30% payment of the purchase price is required to confirm booking.
Your payment options:
USD or INR Check
Money Order
Rupee Demand Draft
International Wire Transfer
PayPal is the authorized online payment processor for Royal Indian Raj International Corporation.
Charges toward KPTCL, BWSSB, Service charges/VAT, Generator charges, Sinking fund/Advance Maintenance charges and Registration charges are not included in the rate/sq.ft. and are payable separately. Postdated checks for the payment of the 70% balance towards your apartment or town home value to be collected in 18 bi-monthly equal installments will determine the priority in allotment. Cancellation fee will be 25% of booking amount. Assignment will be entertained only after signing of agreement and in the name of the applicant. Conditions apply for assignment. 1) Why buy a home at Royal Garden Villas & Resort at Tuscany Hills?
Why? Because our property combines natural beauty with rapidly rising real estate prices due to the proximity of the new international airport, scheduled to open in 2008. The airport, with its 500-acre commercial city and anticipated six million travelers, is expected to become a major connecting hub serving numerous destinations around the globe. Residents at Royal Garden Villas & Resort, situated just 14 miles from the new airport, will see their property values escalate rapidly as Fortune 500 and IT companies relocate to northern Bangalore. The area has already experienced accelerated growth with property values rising as much as 70% in the last 12 months and prices doubling every three years. The Bangalore property market is one of the world's real estate hot spots, ranking only behind London and Tokyo. Buying property in the area surrounding the airport, with its great climate, location and low property prices, is attracting thousands of investors every month. The Indian Census Bureau predicts Bangalore will have three million new residents by 2012, up from its present six million population.
2) What makes Royal Garden Villas & Resort so special?
Royal Garden Resort & Villas at Tuscany Hills is a residential resort like no other. It has been conceived to fulfill your dreams of an ideal international community with a wonderful array of amenities to suit everyone's interests. In addition to spacious and luxuriously appointed apartments, town homes, penthouses and villas, we offer a five-star hotel, chateau and winery, an Old World village square with a selection of international shops, the Vijay Amritraj Signature Tennis Center & Academy, an equestrian center, and Hollibrook Farm, an organic farm with fruit orchards. Our property will also feature a world-class spa, luxurious Pool Pavilion, Racquet Club, state-of-the-art Fitness Center, walking/jogging trails, shuttle service, supermarket, office space with a business center and high-speed Internet access, manned security, concierge service and a variety of international restaurants and pubs. A subsequent phase will feature an internationally-known Signature 18-hole championship golf course surrounded by luxury villas, expected to be launched in 2007.
3) What company is behind this project?
Royal Indian Raj International Corporation, with offices in Vancouver, London and Bangalore, India, combines a commitment to the highest possible standards in building and design with a unique knowledge of India's past, present and future. The company is focused on building a New India by incorporating world-class technologies into the country's select infrastructure areas.
4) Who will build Royal Garden Villas & Resort?
Planet 3 Studios, winners of the Young Designer 2005 Award by Indian Architect and Builder Magazine, has been awarded the contract to design the project. Two of the world’s foremost construction and engineering firms, Royal Haskoning of the Netherlands and Singapore's CPG Corporation, have been appointed to build Royal Garden Villas and Resort. Phase I is set on 17 pristine acres. Phases II and III will enlarge Royal Garden Villas to 400+ acres. Groundbreaking is expected in fall 2006. Each residence will enjoy expansive floor plans, balconies and terraces, imported marble flooring, granite countertops, and ceramic tiles.
5) Is buying a home at Royal Garden Villas a good investment?
According to the McKinsey Report, *Bangalore is increasing from its present six million population to nine million by 2011. As well, Times News Network has placed *Bangalore at No. 3 on the world's real estate chart, trailing only London and Tokyo as the planet's hottest real estate market. This year, 9.3 million sq. ft. of commercial space is expected to be absorbed in Bangalore. The suburbs have seen a lot of real estate developments over the last few years, particularly east of Bangalore, in areas like Whitefield, Outer Ring Road, Sarjapur Road etc. However, construction of the new international airport has begun at Devanahalli and property developers have started taking a fresh look at the northern parts of the city. Presently the city has expanded up to Jakkur and Yelahanka in the northern side. Land values in the Bangalore area increase 30%-40% per year. No one can predict exactly what the property market is likely to do, but the market is still rising so anything you buy now is likely to double in value in three to four years.
6) How will the new airport impact Royal Garden Villas?
When the airport becomes operational in 2008, there will be a rapid urbanization of the Devanahalli area and northern Bangalore. The old airport will be closed in the south. Corporations like Infosys and Fidelity are expected to build new campuses since they have already purchased land in the area. Wipro and other corporations are said to be on the lookout for suitable land parcels for future development. Surveys by Chesterton Meghraj indicate that some of the five-star hotel chains are looking to locate their hotels here in the future. The Oberoi Hotel group is said to own same land in the Devanahalli area and other hotel groups are contemplating a hotel, which can be launched when the airport becomes operational. Six million people are expected to pass through the airport every year. Many will be business people who will stay at our five-story hotel. Many others will be residents who enjoy the short commute to our property.
7) Why should I live north of Bangalore?
There are many reasons why, but let's start with congestion and smog. Bangalore is one of India's fastest growing metropolitan cities, but its toxic air is choking the lungs of its children. Seven to eight hundred thousand lakh children (over 50%) suffer from coughing, wheezing and other respiratory ailments due to the alarming air pollution levels. Much of the pollution is caused by the tens of thousands of vehicles clogging Bangalore's streets. At Royal Garden Villas, the air is clean and the grounds are as green and peaceful as a botanical garden.
8) How close to the site are schools, churches and markets?
Within 3-4 miles there are churches, schools, banks, medical clinics, markets, and local government offices. Royal Garden Villas will be self-sufficient with shops, restaurants, offices, and a supermarket. We will also offer daily shuttle service to downtown Bangalore.
9) How far is the commute to Bangalore?
The highway from the city to our property is being upgraded and widened. If you have to commute, the time varies from 30-40 minutes. The good news is that many IT firms and Fortune 500 companies are moving north of the city to be within easy reach of the new international airport, scheduled to open in April 2008. The area surrounding the airport will soon be a thriving metropolis as people migrate north to escape Bangalore's congestion and smog. Royal Garden Villas is situated just 14 miles from the new airport and will become a magnet for residents wishing to escape to a tranquil, peaceful community.
10) Has the land been acquired for the next two phases?
We have agreements in place to acquire the land for Phases II & III.
11) Are the highways in good condition from Bangalore to Royal Garden Villas and the new airport?
The NH-7 is currently being widened so as to have a six-lane road throughout its length from Hebbal to Devanahalli. This will be the main access route to and from central Bangalore to the new international airport and its new surrounding airport city. Apart from this the international airport will be accessible through a four-lane road (NH-220) starting from Hosur Road in the south and intersecting Sarjapur road, Old Madras Road and NH-4 near Hoskote. This four-lane road will perhaps be the most suitable route for all the corporate company's personnel, who will move to and from the international airport and the corporate hubs in southern and eastern Bangalore.
12) What if the plans and permits are not granted for Phase I?
The property has been converted for the purposes of development and all permissions have been approved. We are awaiting approval of the final permit, which is expected shortly.
13) Is Royal Indian Raj planning other projects in India?
Yes. We are planning to start construction in 2007-08 on Royal Garden City, Bangalore on 3,000 to 5,000+ acres near the new Bangalore International Airport and Royal Garden City and Financial Harbor, Mumbai on 3,000 acres. In addition, we have proposed Royal Garden Cities in Delhi and Kolkata.
14) What are the different types and sizes of apartments?
Royal Garden Villas offers 15 floor plans of two-, three-, four-, and five-bedroom apartments, townhouses, penthouses and villas. Our floor plans range from 1,045 sq. ft. to 6,200 sq. ft.
15) Is there a clubhouse and what are the other facilities?
Yes. We offer a luxurious Pool Pavilion, state-of-the-art fitness center, lighted tennis courts, squash court, world-class spa and riding, walking and jogging trails. Royal Garden Villas will provide free membership to all residents to our Pool Pavilion. Nominal usage charges will be assessed for use of the lighted tennis courts, health club, and spa. In addition, an 18-hole Signature championship golf course is planned for Phase II.
16) How do I book my home at Royal Garden Villas? -- Two simple steps!
I: Complete the booking application form. The form can be printed from our website: (www.rgvillas.com). Please specify your choice of: Floor plan and Location.
2: Enclose your down payment with the booking agreement and forward it to us. The booking amount is 30% of the listed purchase price.
17) What happens after I book my new home?
You will be required to pay the remaining 70% balance in 18 equal bi-monthly (every other month). Groundbreaking is anticipated this fall. Your payments will begin in Oct/Nov. 2006.
18) When do I get a confirmed allotment?
On payment of your 30% down payment.
19) How are installments to be paid?
Installments are to be paid by post-dated cheques, which is a pre-condition of the allotment. The payment schedule is 18 equal bi-monthly payments. The payments are not linked to the progress of the construction, but on a time bound basis as the delivery date has been established. If cheques are dishonored the booking stands automatically cancelled. It is the purchaser's responsibility to ensure timely disbursement of installments from HFI's and no demand will be made by us of the HFI's for the disbursal of installments. To facilitate smooth payments, customers are required to issue a consent letter. Postdated checks for the installments paid will be returned on receipt of the institutional payment.
In the event that bank financing is declined, your down payment will be returned to you within 120 business days of Royal Indian Raj receiving your request in writing. Bank financing is applicable only after permits and permissions have been granted on the property and the executed sales agreement and purchase of sale with banks has been executed.
20) Will prices change?
We anticipate prices will escalate for Phases II and III.
21) What happens if I cancel my booking?
If you cancel, then 25% of your down payment would be forfeited as a cancellation fee and the balance returned to you within 120 business days of your request in writing to Royal Indian Raj.
22) Can two flats be bought and combined into one flat?
No. We offer a wide variety of floor plans and homes, so no combinations are necessary.
23) Are modifications permitted in the apartments?
Yes, depending on the stage of construction. All modifications will be additional expense. No modifications will be allowed three months prior to tentative handover date of the home.
24) Will parking be provided to homeowners?
We will provide one car parking space for every owner. Additional car parking will be offered at additional cost.
25) Is the title of the property clear?
Absolutely. The land is freehold, marketable and free from all encumbrances.
26) Will there be any future legal complications from the previous owners?
No. All the legalities have been thoroughly checked and the titles of the land are crystal-clear.
27) Are there any free amenities provided by Royal Garden Villas?
Homeowners will have free access to our luxurious pool pavilion. Nominal usage charges for the health club, spa, and tennis courts will be assessed on use. Your maintenance fees will be used to properly maintain and repair all the amenities.
28) When will construction commence and when will RGV be completed?
Groundbreaking for Phase I is scheduled this fall and the start of construction of Phase II will follow immediately. Phase I is due to be completed in 24 months.
29) Are any finance facilities available?
Royal Garden Villas is affiliated with major banks such as ICICI, State Bank of India, ABN Amro and several others, and financing up to 70% can be availed when permissions are granted.
30) What are the maintenance costs?
The maintenance charge is Rs.25/-per sq.ft. and would be collected annually. This maintenance charge shall be for upkeep of roads, security, gardens, electricity charges of the common areas of the layout, cleanliness of the layout and maintenance of the amenities. From the second year onwards, maintenance charges will be levied on a quarterly basis payable in advance. All future payments are to be made favoring the property management company and payable as listed above.
31) Are there any other charges?
The Sinking Fund is Rs.25/-per sq.ft. per year. We have a statutory obligation to collect a Sinking Fund. This is done so that in case any building needs to be repaired or reconstructed in the future, we have sufficient funds to carry out the work. This could be to carry out reconstruction, repairs, structural additions or alterations to the building as the architect thinks is required and certifies. We have chosen to make the sinking fund an annual fee for the time being. We feel that in order to provide and maintain international standards and receive appropriate finance for repairs, upkeep and damages to the properties, an annual sinking fund fee paid to the Strata Council is necessary. If, in the future, the Strata Council feels enough funds have accumulated in the sinking fund, they can choose to end the payments. This amount will be deposited in an escrow account and the accruals will be used for major expenditure.
One-time charges include stamp duty, registration charges, legal fees, external infrastructure charges for electricity, water & sanitary, and service charges towards property assessment. VAT, service taxes and any other statutory levies as applicable are payable at actual on demand.
32) How many floors are in each building and how many apartments are there per floor?
Our buildings are ground + four with two apartments per floor.
33) Has BDA sanctioned Royal Garden Villas?
All permissions have been approved. A final building permit is expected to be approved shortly.
34) Who is responsible for the maintenance of Royal Garden Villas?
Royal Indian Raj will care and maintain Royal Garden Villas as a Signature Property.
35) I'm an NRI from the United States. How secure will my townhouse be while I'm away?
Very secure. Our security staff will be aware of your absence and our maintenance staff will assure your peace of mind by maintaining your home in the same condition - if not better - than if you were there yourself.
36) Do I get taxed by the U.S. government on bringing back profits after paying capital gains in India?
Yes, capital gains are taxed by the U.S. government. Approximately 15% on the capital gains, less whatever tax paid in India. (it means one can offset tax paid in India against tax payable in the U.S.)
37) What are the ramifications of repatriation when a foreigner buys property in India? (Not of Indian Origin)
One has to obtain permission from Reserve Bank of India for repatriation of sale proceeds and there is no general permission for repatriation. Reserve Bank of India may give permission to repatriate only the amount invested or sale proceeds less taxes on case to case basis.
38) With respect to the maintenance fees, is there a cap on how fast they can increase?
No. There may be an increase in the maintenance cost, due to the annual increase in staff salaries and the cost of maintenance. For example, electrical and civil repairs involve materials whose prices vary daily; as well landscaping costs also vary.
39) On Page 4 of the booking agreement, there are some fees listed in the table at the bottom (Legal verification $75, Finalization of construction agreement and agreement to sell $120, ...). Is the buyer responsible for these fees and when does this have to be paid?
Yes, the buyer is responsible for the above-mentioned fees, but you can use your own lawyer, if you wish. The legal verification fee has to be paid during the inspection of documents like Khata, sale deed, encumbrance certificates etc. The Agreement to sell and the Construction Agreement fees can be paid during the time of possession, when the documents are filed.
40) At the bottom of the same table on Page 4, it states "All the fees mentioned above will exlude some miscellaneous expenses which will be charged on actual." What are these miscellaneous expenses and how much are they?
If any other legal documentation's have to be done based on your requirement or according to the prevailing procedure in the future, that is when these charges will occur. These miscellaneous charges will be charged according to the type of work.
41) On line item 27, it states "Assignment will be entertained only after signing the agreement to Sell and Construction Agreement and after payment of the transfer fee of Rs 100 per square foot and subject to the assignee agreeing to comply with the earlier terms of conditions agreed by the Assignor." Who is responsible for the Rs 100 sq feet transfer fee. Is it the seller or the buyer?
The RGCEPL customer will pay the fee because he is the one transferring the unit and the unit's documents into the buyer's name.
42) Based on RBI rules, do you have to hold the property for at least 3 years from taking assignment/possession or 3 years from original investment?
It is usually from the time of the investment, but we are seeking a clarification from our Indian accountants and lawyers.
43) On line item 11 of the booking agreement, it states "I/we shall pay the costs such as the sales tax, deposit for electricity, water supply charges, sewerage charges and costs relating to extra works such as mesh, grill etc as may be required for the villa. I will also bear the Registration charges/KEB/BWSSB charges as applicable at the time of the registration." Which of the charges are relevant for an apartment vs. a villa? How much is the sales tax? Is it included in the purchase price? What are the registration charges and what is the expected amount?
All the above-mentioned costs are applicable to apartments as well as villas. The sales tax is 4% of the total cost of the unit you choose to buy. No, it is not included in the purchase price. The registration amount is tentative and will follow the prevailing rates per sft at the time. Currently it is about 120 Rs per square foot. The other charges for mesh, grill etc. are considered to be the modification amounts. These are not provided by default. This can be provided to the customer if he wishes for one at the RGCEPL prices. The entire modification amount can be finalized at the time of possession, which is during the final settlement.
44) What is the current brokerage fee for selling a property in India?
The brokerage fee is 2% of the total amount of the unit.
45) Does Royal Indian Raj Corporation provide property management services in the event that I would want to rent the property for a certain portion of the year? What is the expected monthly rent for this location and for the type of property that I am interested in?
RIRIC will be providing professional property and hotel management services from a industry leader for a management fee. Our Concierge Rental Program will be available to maintain and manage your home while you are away. The monthly rent can't be determined at this time. However, it's fair to say that when your home is completed in two years, rents will be significantly higher than existing rates because of the new Bangalore airport. Our property will be located only 14 miles from the new airport, with its projected six million annual passenger flow, so we expect significant demand for our exclusive residential resort.
46) Can we have multiple holders listed on the title (i.e. my brother and I) since this would be a joint property investment?
Yes, you can have multiple holders. Even if it is purchased by cash, you can register the property in both names by following normal procedures.
47) On the FAQ, it states that Royal Indian Raj has clear title for the land/development free of all encumbrances. Can you provide copies of a clear title? What if there is title dispute later? Is there such a thing as title insurance and who pays for that? Would the builder indemnify investors if there is a title dispute prior to completion of construction?
Yes, copies of deeds and titles can be provided on request. One of India's top judges, Justice Michael Saldana, has confirmed our clear title. In the event of a dispute that can't be resolved, any monies paid by you will be refunded.
48) Why is RIRIC involved in this project?
We realize the acute need for building satellite communities around India's major cities. These communities will appeal to executives, self-employed workers, retiree's, and NRIs. The location of the community is intended to alter the local village structure as it has existed for generations. We intend to create jobs, improve agriculture, provide local farmers with guaranteed markets for their produce, improve living conditions, and most importantly, provide for the elderly and children. We feel it is our responsibility to build a school for the local children, provide medical facilities for all, and support processing plants for local farmers.
How do I contact RIRIC?
We have sales offices in Vancouver, Bangalore, Atlanta and San Jose.
North American Sales Offices
Vancouver
Royal Indian Raj International Corporation
375 Water Street, Suite 610
Vancouver, BC, Canada V6B 5C6
Tel: 001.604.685.7442
Fax: 001.604.685.7413
Atlanta
Bill Zack, Director of Communications
Tel: 706.268.3201
Fax: 706.268.3189
bzack@royalindianraj.com
San Jose
Dula Gettu, Sales & Marketing, USA-West Coast
Tel: 408.839.4474
Fax: 408.927.9405
dgettu@royalindianraj.com
India Sales Office
Bangalore
#10/5, Benson Cross Road
Benson Town
Bangalore- 560046
Tel: +91 (80) 4128.9765
+91 (80) 4128.9766
+91 (80) 4128.9767
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| Type of premise: |
Residential |
| Type of building: |
Flats/Apartments |
| Price: |
0 |
| City: |
Bangalore |
| State: |
Karnataka |
| Phone: |
91 (80) 4128.9765 |
| Submitted On: |
2006-08-17 |
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Contact : 9891870097
TOP BRICKS REALTORS Pvt. Ltd.
for:
GREATER NOIDA / NOIDA / GHAZIABAD |
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