Hanging Gardens

Hanging Gardens rolls out as a true symbol of tasteful luxurious living. Located opposite to the bustling IT Hub-Manyata Tech Park near Hebbal, Hanging Gardens offers ultra luxurious, green homes with outstanding architectural

Young, vibrant organization, with fresh and innovative ideas to promote and offer classy life style living options.Promoted by persons with rich experience in development of several, quality residential and commercial projects, catering to very discerning customers.

In line with the growing global concern, Prisha would design and develop eco-friendly homes that use almost 50% eco-friendly construction materials. Focusing on small, boutique products that spell class and great living style to the residents.

  • Features
  • Amenities
  • Specifications
  • Plans
  • Location
  • Gallery
  • Elevations
  • Approvals
  • FAQ's

Features

With three way cross ventilation to bathe your vast interiors in ample sunlight, Hanging Gardens prides itself with a variety of luxurious features that pamper your lifestyle.

A few such exquisite elements that deserve a mention here:

  • Italian marble flooring in living room, dining area and passages
  • Private open-air sundeck
  • Fully air-conditioned clubhouse
  • Laminated wooden flooring in the master bedroom
  • Plush bathrooms with designer tiles including shower partition
  • Modular kitchen
  • Provision for internet and telephone connection in all rooms
  • 100% power backup for the apartment and all common areas
  • Optic fiber ready network for broadband communication and cable TV
  • 24hr hot water supply in all toilets and kitchen
  • Zero waste building
  • Vastu compliant
  • Excellent cross ventilation, Open on three sides
  • Three bedroom apartments (1860 to 2745 Sft)
  • Penthouses of 3120 to 4355sft each
  • Two lifts per block
  • Three towers, G+10 floors each
  • No common walls
  • Excellent landscaping
  • Fully equipped Clubhouse
  • 24/7 Security
  • 100% Power backup
  • Two Car parks per Flat

Amenities

At Hanging Gardens, luxury isn't limited just to your home. A host of indoor and outdoor facilities are available to ensure a healthy yet exciting lifestyle.

Indoor Facilities:

  • Fully equipped GYM
  • Kids club
  • Multipurpose hall with pantry
  • Pool room (Billiards/Snooker)
  • Table Games
  • Squash Court
  • Aerobic Center
  • Well equipped Hydro section

Outdoor Facilities:

  • Jogging Track
  • Children's play area
  • Amphitheater
  • Badminton court
  • Swimming pool
  • Party lawns

Specifications

The endeavour is to use /provide top of the line materials, fittings & products available in the market.

Structure

  • Earth quake resistant RCC framed structure with necessary foundations, beams and slabs with controlled concrete as per relevant IS codes

Masonry wall

  • 6" Inches Light weight solid block masonry in CM 1:6 proportion for common wall
  • 4" solid block masonry in CM 1:4 proportion for internal walls

Plastering

  • Internal & Ceiling - Gyp rock plaster / putty or equivalent
  • External - 1:6 cement mortar with sponge finish

Wall Finish & Ceiling

  • External - Unique thermal insulated cladding for external facade
  • Internal - Premium quality emulsion paint (Low VOC) and artistic wall in living
  • Ceiling - False ceiling for the entire flat
  • Domestic help - Oil bound distemper

Flooring

  • Kitchen - Premium quality vitrified tiles
  • Living & dining - Italian Marble
  • Bedrooms - Premium quality vitrified tiles
  • Master Bedroom - Laminated wooden flooring
  • Toilets - Antiskid/nonslip tiled flooring and well designed full height dadoing
  • Balconies - Anti skid Ceramic tiles

Kitchen

  • Counter - Kitchen cabinet as per package selected (at extra cost)
  • Dado - Combination of designer ceramic tiles and Glass / SS tiles up to 2'0" above the counter, rest in premium emulsion paint
  • Sink - Franke / Nirali or equivalent
  • Sink Faucet - Roca / Grohe or equivalent for hot and cold water

All Toilets

  • Basins & Clausets - Coreon / ceramic glass wash basin, Wall hung WC, concealed cistern with decorative push button of Roca / Duravit or equivalent
  • Partition - High end shower panel with toughened glass partition, High end mirrors
  • Dadoing - Combination of premium designer ceramic tiles and glass mosaic tiles up to false ceiling
  • Fixture & Fittings - Unilever mixer of Roca / Grohe or equivalent

Doors & windows

  • Main Door Frame - 4'-0" wide teak wood frames finished with melamine polish
  • Main Door Shutter - High quality pre Engineered doors
  • Internal Doors - High quality Pre Engineered doors
  • Windows - Drawing/Living - Extra large ribbon Glass window in UPVC frames to ensure maximum natural light and ventilation Other Windows - UPVC glazed sliding windows with mosquito proof shutters & MS grill
  • UPVC French window

Electrical

  • Copper electrical wiring in concealed conduits & MCB
  • Modular switches from Schneider / Crabtree or equivalent
  • 7kw KPTCL supply
  • 100% backup power for every apartment with additional backup for adequate lighting in common areas, lifts, pumps and other services
  • Separate energy meter for backup power supply
  • 10 - Lift lobbies

Ground Floor - Italian marble flooring with inlays, combination of stone and paint wall finish and Japanese Garden

Typical - Granite flooring, textured paint wall finish

Upgrade Packages (at additional cost)

  • Package 1 - Modular Kitchen/VRV Air-conditioning / home automation
  • Package 2 - Modular Kitchen / VRV Air-conditioning / Wardrobes for Bedrooms / home automation
  • Note - VRV System- Air Conditioning except in kitchen, toilets and balconies

Smart living features - 24x7 Smart Living, Safety and Security system comprising of:

Inside Apartment

  • Fiber to Home technology for voice & data and multi DTH TV facility with Cable TV
  • IP enabled cameras in Drawing/Living for Personal area video monitoring (2 units)
  • Mood Lighting in Living/ Dining/ Master Bedroom
  • Sensor lighting for Drawing/Kitchen/ Master Bedroom/ Bathrooms
  • Curtain Controllers (5 units)
  • Access Control to Main door
  • Remote Controller Modules (4 units)
  • Gas leak Detector
  • Smoke Detector
  • Samsung Galaxy Tab* (or equivalent Tab) (1 unit)

Outside Apartment

  • Wi-Fi Campus
  • Sensor lighting in basement, corridors, Lift
  • Boom Barrier/ tags for vehicles at entry point
  • Compound wall all around the project
  • Intercom Security system with video door phone

General Infrastructure

  • Solar hot water supply for all the flats (with power backup)
  • Reticulated gas supply with leak detection mechanism
  • Vehicle drop - off plaza
  • Well-laid roads with good landscaped footpaths by professional landscape architects.
  • Terrace garden for all the towers
  • Jogging track and Acupressure walk way
  • Children's play area
  • Seating enclosures abutting blocks
  • Water plaza (shallow water mass)
  • Leisure pavilion
  • Grand Folk's area
  • Rock climbing wall
  • Shaded walk way
  • Nanny's corner
  • Amphitheatre
  • Party Lawns
  • Water and sewerage treatment plant
  • Rainwater Harvesting pits
  • Well designed basement with car wash
  • Entry plaza with portal frame
  • Cascade feature wall with sculptures
  • Temperature controlled swimming pool with toddlers pool, with necessary filtering equipment

Club House

Area admeasuring about 11,000 Sft. will be provided in Two to Three Floors

Facilities

  • Kids Club
  • Aerobic Center/ Yoga / Meditation Hall
  • Well-equipped hydro section
  • Air-conditioned gym with high-end equipment and TVs/ entertainment system
  • Party hall with Bar counter/ Home Theater System
  • Coffee shop
  • Pool view lounge

indoor Games

  • Table Tennis
  • Pool Tables
  • Squash Court
  • Chess, Carom and other indoor games

Outdoor Games

  • Basket Ball practice post hoop
  • Open air shuttle court

Plans

Comingsoon

Location

Purposefully seated opposite to the Manyata Tech Park – weekday home to over a 100,000 IT staff, these ultra luxury apartments boast of convenient proximity to Schools like Kensri, Vidyaniketan, Royal Concorde International.

Malls like Esteem mall, Big Bazaar

Hospitals like Columbia Asia, Cauvery Medical Center and host of restaurants.

A smooth drive on the neighboring NH7 brings you the Bengaluru International Airport.

Connectivity:

  • Mekhri Circle - 6Km
  • MG Road - 12Km
  • City Railway Station - 14Km
  • Bengaluru International Airport - 22Km

Elevations

Comingsoon...

Approvals

Comingsoon...

FAQ's

  • Booking Related
  • Home Loan Related
  • Project Related

Booking Related

  • How much is the booking amount?
  • Rs. 3 Lakhs.

  • Can a client pay less?
  • No.

  • In how many days the client has to Sign the AOS?
  • Within 15 days of booking / as communicated by company.

  • Any discount for bulk bookings?
  • This will be determined on a case-to-case basis.

  • What are the banks who have tied up with this project?
  • Approval under process with HDFC, Axis, ICICI and LICHF.

  • What is the maximum loan amount which can be availed ?
  • 85% Green Home loan

  • Is upfront payment possible for this project?
  • Yes. Exact amount of upfront amount disbursable will be intimated upon Bank approvals for the project.

  • Is upfront payment possible for this project?
  • Yes. Exact amount of upfront amount disbursable will be intimated upon Bank approvals for the project.

Homeloan Related

  • How is my loan eligibility determined?
  • The primary concern of the HFC's in determining the loan eligibility is that you would be comfortably able to repay the amount you borrow. Your repayment capacity is determined by taking into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability and continuity of occupation and savings history.

  • What is an EMI? How is it calculated?
  • You repay the loan in Equated Monthly Installments (EMI's) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

    EMI or Equated Monthly Installments refers to the fixed sum of money that you will be paying to the housing finance company every month. The EMI comprises both interest and principal repayment. The size of the EMI depends on the quantum of loan, interest rate applicable and the term of the loan.

    EMI Formula: l x r [(1+r) n / (1+r) n-1] x 1/12 l = loan amount r = rate of interest n = term of the loan

    As you would have noticed, EMI tends to be higher when the tenure is short as the borrower has lesser time for the loan repayment. While EMI remains fixed, the outstanding amount keeps coming down as every EMI reduces the principal component of the loan amount. However when the interest rate goes up or comes down, banks have the choice of altering the EMI amount if the borrower does not wish to increase the tenure for loan repayment

  • What is the range of interest rates offered? What are the two types?
  • The interest rates may vary from institutions to institutions and generally range from about 11% to around 14%. Essentially there are two types, the first one being the fixed rate of interest, which means that the interest rates remain unchanged for the entire duration the loan. This basically means that you do not benefit, even if the rates of interest drop in the market.

    The second one is the Floating rate of interest is the one that fluctuates according to the market lending rate.

  • What Documents do you need for a loan approval?
  • Salaried Customers Self-Employed Professional Self-Employed Businessman Application form with photograph Application form with photograph Application form with photograph Identity and Residence Proof Identity + Residence Proof Identity and Residence Proof Latest Salary-slip Educational Qualifications Certificate and Proof of business existence Educational Qualifications Certificate and Proof of business existence. Form 16 Last 3 years Income Tax returns (self and business) Business profile. Last 6 months bank statements Last 3 years Profit /Loss and Balance Sheet Last 3 years Income Tax returns (self and business). Last 3 years Profit /Loss and Balance Sheet. Processing fee cheque Last 6 months bank statements Last 6 months bank statements(self and business). Processing fee cheque Processing fee cheque

  • Do I get a tax benefit on the loan?
  • Yes. Resident Indians are eligible for certain tax benefits on principal and interest components of a loan under the Income Tax Act, 1961. Interest repayment of Rs. 1, 50,000 p.a. can get you a tax saving upto about Rs. 50,490 p.a. Moreover, you can get added tax benefits under Sec 80 C on repayment of principal amount upto Rs. 1, 00,000 p.a. that can further reduce your tax liability by about Rs. 33,660 p.a.

  • What security needs to be provided for a house loan?
  • Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds (a clear and marketable title). Some lenders may also require collateral security like the assignment of life insurance policies, pledge of shares, national savings certificates, and units of mutual funds, bank deposits or other investments.

  • How much time does it take to get an application processed and the loan getting sanctioned?
  • It takes around fifteen days for processing of one's application if the documented are in order. It takes another week for the company to check out the property papers and make the disbursement.

  • What is the maximum amount, which I can borrow? How is the maximum amount derived?
  • Home loans are generally provided for in the range of 75%-85% of the asset value. The amount of loan varies from institution to institution and it may vary from Rs.1 Lakh to Rs.1 Crore. The maximum amount, which one can borrow, is a function of many factors, which includes primarily the purpose of the loan. In addition, ones residential status whether resident in India or non-resident will also have a bearing on the maximum amount of loan that one can borrow. Generally, if one is a resident Indian, then he can borrow upto 85% of the cost of the property.

  • What are the repayment period options?
  • Repayment period options range generally from 1 to 20 years. A few lenders also offer a 30-year repayment period, usually at a higher interest rate. As a non-resident, you can avail of a loan for a maximum period of 15 years.

  • How is the interest calculated on my loan?
  • Interest rates are different from institution to institution and generally range from about 10.50% to around 15 %. The interest on home loans in India is usually calculated either on monthly reducing or yearly reducing balance.

    Yearly reducing:

    In this system, the principal, for which you pay interest, reduces at the end of the year. Thus you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender. This means the EMI for the monthly reducing system is effectively less than the annual reducing system.

    Monthly reducing:

    The principal, for which you pay interest, reduces every month with every EMI. Generally HFC's follow the yearly reducing balance method, which accounts for your principal repayments, only at the end of their financial year. Thus, one pays interest on the principal that you have already returned to the HFC. The effective interest rate is thus higher than the quoted interest rate by around 0.7%. Banks and some HFC's, in contrast, follow monthly reducing-balance method, which results in a lower interest burden.

  • What are the fees and charges payable and when are they payable?
  • Home loans are usually accompanied by the following extra costs although these may vary from institution to institution:
    a) Interest Tax: is the tax payable on the interest paid on a home loan and not the principal. This tax is some times included in the interest rate of the loan, or may be charged separately as interest tax.
    b) Processing Charge: It's a fee payable to the lender on applying for a loan. It is either a fixed amount not linked to the loan or may also be a percentage of the loan amount. The loan amount received by you can be less than the processing fee.
    c) Prepayment Penalties: when a loan is paid back before the end of the agreed duration a penalty is charged by some banks/companies, which is usually between 1% and 2% of the amount being pre paid.
    d) Commitment Fees: Some institutions levy a commitment fee in case the loan is not availed of within a stipulated period of time after it is processed and sanctioned.
    e) Miscellaneous costs: It is quite possible that some lenders may levy a documentation or consultant charges.
    f) Registration of mortgage deed.

  • Can I repay my loan ahead of schedule?
  • Yes, you can pay your loan ahead of schedule. However, it must be noted that housing finance companies charge a fee for early redemption of loan. This fee can vary between 1-2% of the loan amount being prepaid and may differ from HFC to HFC.

  • If floating interest rates go up, will EMI amount increase?
  • Banks fix the EMI based on the prevailing interest rate and hence EMI too is fixed accordingly. However, if the floating goes up, the interest rate gets altered and banks have the option of increasing the EMI amount. However, to avoid paper work, EMI amount is not altered if the interest rate hike is nominal. Instead, the higher amount towards repayment is recovered by increasing the tenure of the loan repayment.

  • Who is a guarantor and what is his liability?
  • A guarantor is expected to fulfill the commitments of the borrower if he fails to discharge his duties. As a result, if a borrower fails to clear his loans beyond a stipulated period, the bank has the right to direct the guarantor to honor the commitment subject to conditions.

  • What is the maximum period over which I can pay the loan?
  • The maximum duration of period of the loan is a function of your residential status and varies for every housing company, and is also different for every scheme.

    As a resident Indian, you could avail of a loan for duration of 5 years to 20 years. As a non-resident, you can avail of a loan only for a maximum period of 7 years.

  • When can I take disbursement of the loan?
  • The loan will be disbursed in full or in suitable installments taking into account the requirement of funds and progress of construction, as assessed by the housing finance company.

  • Does the Agreement for Sale have to be registered?
  • In many states in India like Karnataka, the Agreement for Sale between the builder and purchaser is required by law to be registered.

Project Related

  • Why Orchids?
  • Orchids reflects a very unique design and concept that truly helps life bloom in all its splendor. Designed to be a green,smart and visually appealing residential space that will be home to 160 plus luxury apartments, it will also be an IGBC Gold rated Green project offering 2,3,4 BHK apartments and Pent house options. A very expansive, feature rich Club house will make Orchids a sought after residential abode for the discerning.

  • What is a green building?
  • A Green building meets certain design and construction standards that should translate into increased energy conservation, healthy indoor air and lower operating costs for the residents of the building.

  • Is Orchids a certified Green Building?
  • Orchids is targeted for pre-certified Gold Rating from Indian Green Building Council (IGBC).

  • Where is Orchids located exactly?
  • It is located just off Tannisandra Main Road and is minutes away from leading IT workplaces like Manyatha Tech Park, Begamne Tech Park, Whitefield, International Airport, Outer Ring Road, Bangalore – Hyderabad National Highway, besides being close to many a place of daily convenience.

  • How do we get to this location and what would be the drive time?
  • It takes about 30 mts to reach Orchids from the CBD via Nagawara X roads and Outer Ring Road or HBR Lay out. It takes just over 5 mts to reach Orchids from Manyatha Tech Park.

  • What is the management promise?
  • Prisha Properties imbibes outstanding ideas and values with a clear resolve to create quality living options that are unique , adding a new dimension to responsible and luxurious living.

  • Under which authority does the Orchids come under?
  • BBMP

  • Is the project approved by the authorities?
  • Approvals received..

  • What is the size of the project?
  • The project will be home to 160 plus luxury homes.

  • What are the apartment sizes available?
  • Orchids offers 167, thoughtfully designed, 2, 3 and 4 bed room apartments spread over 3 blocks. For all its luxurious features and amenities, Orchids is surprisingly very affordable and offers attractive living options between 1440sft to 4380sft.

  • What would be the rate per sq ft?
  • Please refer to the cost sheet provided on our website and also on request.

  • Is the project Vaastu compliant?
  • All Apartments are designed as per Vaastu for the three primary parameters of main entry door, kitchen and the location of the master bedroom.

  • What about the Bank approvals? Has any bank approved the project?
  • Approval from HFIs is awaited.

  • Will there be any modifications possible in the apartments?
  • There will be no modifications allowed due to the high level of standardization in the layouts and design. The designs however will be of maximum usability from a consumer point of view with an efficiency of close to 85% which is way above the industry standard.

  • Will the project be completed on time?
  • The dwelling units will be delivered from early 2015 onwards, in a tower-wise manner. Given that we are using the latest concrete fabrication technology there should not be any significant delays barring force majeure.

  • What about infrastructure development around the project?
  • Orchids is strategically located close to Bangalore's IT Corridor of ORR. It is also a very short drive away from the finest shopping and dining avenues of Hennur and Hebbal. So you get to save on commuting time and energies, not just to work but also whenever you step out for food , fun and frolic. The time you save, gets better spent as you unwind and rejuvenate yourself in the stimulating environs of your home and the numerous life enriching amenities.

  • What about connectivity to the airport and the railway station?
  • Orchids is just off Thannisandra road which leads to International Airport and is also close to ORR reaching Railway station will be an easy affair.

  • Is it very far from the CBD?
  • Not really. One can reach the CBD in 30 to 40 mts time thanks to very good road connectivity to not just the neighboring business areas but also to the CBD.

  • Will Kaveri water be provided?
  • Yes, subject to BMWSSB's feasibility and on payment of appropriate charges by each flat owner. Proportionate cost of the same will intimated in due course during the project completion or post completion.

  • How de we get a confirmed allotment?
  • Based on the booking amount and prior to signing the agreement of sale your Allotment will be confirmed and & informed to you.

  • What if I cancel my booking?
  • No cancellation fees is charged if cancelled before execution of Agreement of Sale. However, an amount of Rs.3,00,000/-(Rs.Three lakhs only)will be charged towards cancellation charges if cancelled after execution of Agreement of Sale.

  • Is the Title of the Property clear?
  • Yes, the land is freehold, marketable and free from all encumbrances and clear.

  • What are the legal documents to be signed by the Purchaser?
  • An Agreement of sale in completion will be issued to the Purchaser. Agreement of sale is also the primary document that facilitates Bank funding. Sale Deed is the other document that will be registered, on completion of the construction.

  • What are the other Extras /additional amounts to be paid?
  • "Extras" mean Costs to be borne additionally by the purchaser at the time of registration/ possession except that of the cost relating to Car park, power/water/sanitary connections, Club House charges, Legal fee, maintenance charges, Service tax/COT, Registration and stamp duty charges are the other costs.

  • How will the Housing Financial Institutions disburse my installments due?
  • Since these are equated quarterly installments on request and consent from the purchaser and the builder the HFI will ensure timely disbursement of installments.

  • Who will take care of the maintenance of the Project after Completion?
  • The property will be maintained by us, for two years till the formation of the residents Association. We thereafter transfer the responsibility to the Association.

  • When does Registration take place?
  • Registration will be done only on completion of the Project and on payment of the consideration as per the payment schedule provided.

  • Can I transfer the property before the registration?
  • Yes, you may transfer the property by paying a transfer fee of Rs 3 Lakhs and have an assignment of rights executed.

  • What about the sanitary set up, will it be connected to the mains?
  • The sanitary connections will not be connected to the mains, but a separate STP will be installed as per the norms.

  • What if the project is delayed? What would be the Penalty Clause?
  • A penalty clause would be specified in the sale agreement, towards this effect.

  • Do you give fully furnished/semi furnished apartments?
  • No these are not furnished apartments. We only offer the Basic units completed in all respect.

  • What if the full amount is paid upfront? Do we have any further benefits during the pre-launch offer?
  • Yes. We will offer additional discounts.

  • Are you constructing in phases? Then how many phase would you intend?
  • Yes, to enable quick turn around, we will go in a phased manner for early possession. There will be two phases.

  • What is the source of the water?
  • Bore wells and STP recycled water for maintenance

  • When will construction for Phase 1 start?
  • Construction has already commenced and Possession starts from First Quarter 2015.

  • Will there be visitor's parking?
  • Yes for limited no of vehicles.

  • Is the structure earthquake resistant?
  • Yes, the designs are earth quake resistant and are designed as per IS codes.

  • Who will maintain the complex?
  • Prisha Properties India Pvt Ltd or a thirty party agency engaged by PRISHA.

  • Who are the promoters?
  • The promoters are in the business of real estate for over a decade and have a strong pedigree in developing world-class residential projects.

  • Can I upgrade later to a larger apartment?
  • Yes

  • How many clubhouses?
  • One fully equipped, feature rich clubhouses with a total area of about 18000 sq. ft.

  • What would be the membership charges?
  • There is a one time contribution towards the Club Construction that is Rs.350000/-. Besides, residents have to pay a monthly membership charge.

  • Will membership be open to outsiders?
  • No.

  • What will be the usage charges? Will the charges be monthly?
  • Rs.750/*- p.m for the first 12 months.To be reviewed and revised at the end of 12 months.

  • What will be car park charges?
  • Each Car Parking will be charged at 2 Lakhs

  • Is there enough car parking?
  • Yes. There will be sufficient car parking space.

  • Will there be a STP?
  • Orchids will have common STP and will be ready by the time declared habitable.