NITHYAANANDHASAGARA - MYSORE


6TH February 2009

Dear Members :

Sub : Seeking reconciliation of escalation in the cost of acquisition by general factors of growth in Mysore realty sector and incidental cost in development.

Ref : Acquisition of properties to form sites in the development to be called as NITHYANANDHASAGARA in HUYILALU, Mysore, in connection to the agreement between you and the Society.

We have great pleasure to let you know that we have finally reached a stage where our principal objective of acquiring a quality housing facility, for our members has become imminent and evident. About 90% of the legal formalities have all been completed; like all approvals from the MUDA have been achieved and actual civil works are at different stages of completion. You all should also be pleased to note that registration of sites at NITHYANANDHASAGARA in favour of the members will immediately succeed the registrations already ensuing in full-swing in favour of the members in Anandasagara Layout.


 

The Developer had already promised certain kind of quality product, but during the course of time, the Developer in the whole scheme of their functioning and up-gradation of standards of their own working modes, has committed themselves into much higher qualitative work at the proposed residential layout. We are glad to inform you that this has resulted in an output of qualitative difference in our layout, from the one developed in other parts of the City and which now promises to be much better and far superior to the facilities already promised and agreed to originally. We are enumerating some of the qualitative features of our layout.

a)       To ensure the quality in Civil Works we have contracted the quality control and approvals to a renowned company called “Tor Steel” (Civil Aid Techno Clinic Private Limited) who are the leading quality control consultants in the area of civil works.

b)       The water supplies and under-ground drainage connections will be facilitated to each residential unit and therefore will prevent ugly and harassing road cuttings, which we can see in all the existing and even in new developments.

c)       Similarly provisions for underground telephone and electrical connections will be facilitated to each residential unit and therefore will prevent ugly and harassing road cuttings, which is common in all residential sites and layouts.

d)       Please note that water supply and network of pipes in the layout will be through  HDPE pipes (High Density Polyethylene) made from material grade PE-100 that are built in temperature control technology.of highest quality, instead of the regular PVC pipes.

e)       Ground Level Sumps (GLS) of required numbers along-with over-head tank (OHT) for sufficient water storage and regular water supply in the layout

f)        Footpath – on both sides which will be laid with pavers

g)       Sewerage Treatment Plant.[S T P]

h)       There are facilities for rain water harvesting in the layout, which will not only prevent wastage but also will conserve and will optimally utilize water, which many layouts actually crave for. The other purpose of adopting this rain water harvesting technology is with a farsightedness to maintain water table level in the layout.

i)         Lighting in public areas.

j)         Fully developed parks and playgrounds, with separate walking and jogging tracks and exclusive play area for the children.

k)       Wide asphalted roads. Please note that the technology used for laying down these wide roads, is of very high quality and is seldom used in the internal roads of the city and is sparingly used in laying down National Highways. The technology is called Wet Mix Mecadam (WMM). Though this technology is very expensive than the prevalent technology, but the Developer is in a mode of delivering quality and durability, which we cannot say no to.

l)         There is going to be a International Standard’s Club House in the layout and you members will have life-time  membership in the Club House.

m)     The developers will be planting plants on either side of the road, at a distance of 60 ft. through out the layout.

The factors above have added to the cost, but we should realize that buying a residential site is a lifetime dream for most of us and when we invest we should know that we should and are entitled to get the best; and therefore more often than not; we need to make some compromises to get this best quality.

We have had several sessions of meetings and meticulous working out of computations and have finally arrived at a computation of Rs. 50/- per square feet as the additional payment, to be collected from the members to meet this bona-fide escalated cost accruing from the above factors.

We should also state that while negotiating the above escalation the amount originally assessed, was much higher and hard negotiations considering comfort levels of the members and also keeping in mind that we should not face a situation, wherein the Developers are;

We are convinced that the cost escalated though may not have been satisfying or pleasing the Developers completely but surely am convinced that every money will be worth spent and we will get a great residential layout for our members. Please be convinced of the fact that the additional cost is well worked out and is emergently needed, for the due and proper completion of the development.

In addition to the above we are also beseeching you to pay the final installment of Rs. 57/- per sq ft forthwith the receipt of this letter. The assessment of the escalation to be collected from the members was crystallized at Rs. 50/- per sq ft; was also due to the fact that we promised the Developers that we will ensure that the final installment of Rs. 57/- per sq ft, will be paid together, within 30 days of receipt of this letter by the members. We hope that you all understand the urgency in meeting this genuine demand, for the good of all.    

We would therefore sincerely request you to pay a total sum of Rs. 107/- (final installment of Rs. 57/- per sq ft plus Rs. 50/- per sq ft as the additional cost) per square feet, within 30 days of receipt of this letter.

While explaining our request we also would like you to understand that the residential layout that is being offered to us will be one of the prime layouts in the City of Mysore and the cost you are paying is totally justifiable and fair. We will just enumerate a few qualities, which will evince to you that you will be having a residential site in an area, which in near future will be considered as the prime layout of the city;

Ø      The layout is just 15 minutes away from Infosys and other IT companies.

Ø      The layout is adjacent to the RBI, Saptagiri, Citizen, State Government Employees and Ramakrishna Housing Building Co-operative Society layouts.

BASED ON THE ABOVE FACTORS WE HAVE RESOLVED TO COLLECT AN ENHANCEMENT OF RS. 50/- PER SQUARE FEET, FROM THE MEMBERS, TO RECONCILE AND DETERMINE THE ESCALATION IN THE COST OF OUR ACQUISITION AND DEVELOPMENT OF THE RESIDENTIAL LAYOUT.

WE ALSO STATE THAT THE ASSESSMENT IS VERY MODEST AND WOULD JUSTIFY EVERY PIE SPENT AND ALSO WITH A PERSPECTIVE THAT FOR YOU IT WILL NOT ONLY BE A SATISFYING EXERCISE OF HAVING SUFFICED THE NEED OF A QUALITY RESIDENTIAL ABODE FOR OUR HARD-WORKING MEMBERS.

WE ALSO REQUEST YOU THAT YOU SHALL NOT DELAY THIS PAYMENT OF ESCALATION OF RS. 50/- PER SQ FT WITH THE FINAL INSTALLMENT OF RS. 57/- PER SQ FT (TOTAL OF RS. 107/- PER SQ FT) AND JEOPARDIZE THE DEVELOPMENT AND PACE OF WORK AND THEREFORE IN ALL REASONABLENESS MANDATE YOU TO PAY THE SAID SUM WITHIN 30 DAYS OF RECEIPT OF THIS LETTER.

Thanking you

Your’s faithfully,

V.J.K.Bakthavakchalam,
President,
Karnataka Telecom Department
Employees Co-Operative Society Ltd.,

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Location of the Layout :

The proposed layout NITHYAANANDHASAGARA is at Huyilalu Road approximately 12Kms from the city bus stand adjacent Hunsur Main Road leading towards Infosys Site and other important project and other important project and also nearer to MUDA layouts.

Land Development :

The proposed layout will be executed by ESS & ESS Infrastructure Private Limited ( Engg and Developers ), having vast experience in the field of land development and construction activities.

Amenities to this layout :

The proposed layout will be provided with a minimum 30ft. Cross Road, 60ft. Main Road, Box Drain, Chip Carpeting, Sanitary and Water line.Electrical and planting of trees,. Providing proper sufficient capacity water tank, septic tank, park and CA with necessary approval from the competent authority. Individual connection will be provided to each site for sanitary and water to avoid road cutting. The electrification will be provided to the proposed layout as per CESCOM specification.

Initial deposit and other details :

The proposed layout will have 30ft X 40ft, 60ft X 40ft, and 50ft X 80ft dimension. The rate is Rs. 194/- Per Square feet to its members. The allotment of sites in this layout will be on first cum first serve basis based on payment of initial deposit the site value is fixed taking in to consideration the land cost which is now high in view of Airport coming up at Mysore.



LAYOUT STATUS
LOCATION OF THE LAYOUT :

“HUYILALU VILLAGE”- HOBLI:ILAWALA, TALUK:- MYSORE

LAYOUT PLAN SANCTION OBTAINED ON :

06/05/2009

LAYOUT PLAN SANCTION NUMBER : (MUDA APPROVED)

MUDA/UD/RZ/U/9/2009-2010

DATED:06/05/2009

NUMBER OF SITES RELEASED(ALL PHASE)

933 SITES
3 PHASES-RELEASED FROM M.U.D.A
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