1.Where and what is Brigade Utopia?
Brigade Utopia is an opulent Integrated-Development venture of Brigade Groups located in plush locales of Whitefield, off Varthur Road of East Bangalore. The project expands over a stretch of 47 acres and features smart solutions pertaining to Residential, Commercial, Cineplex and Retail portfolios outlined elegantly to confer best possible housing accomplishment to its esteemed occupants. The residential wing offers 4000 plus luxury apartments and studio apartments configured over four independent housing blocks – Eden, Serene, Halcyon and Tranquil; coupled with state-of-the-art amenities and facilities.

2.What is the project land extent?
The Project’s land extent is 47 acres.

3.What are the distance advantages and the USPs of this project?
Brigade Utopia is located in the rightful locales off Varthur Road close to all prime neighbourhoods of Bangalore. This establishment lies in near vicinity to major IT hubs of the city like Electronic City, Marathalli, Sarjapur Road, Domlur and Koramangala. The premise also lies in close vicinity to upcoming Metro Station, BMTC Bus Stations and has seamless commute connectivity to Bangalore International Airport.

4.What are the Architects/Master Planners of Brigade Utopia?
Brigade Utopia is architected by leading real-estate brand of Brigade is designed by NBBJ - an American global architecture firm. This firm is a well recognised International brand acclaimed for its planning and design with branch offices in Beijing, Boston, Columbus, Hong Kong, London, Los Angeles, New York, Pune, San Francisco, Seattle and Shanghai. The company owns the title of world’s “Most Innovative Companies in Architecture” as certified by leading Progressive Business media brand, the Fast Company.

5.What are the different types and sizes of apartments?
Brigade Utopia comprises four independent residential blocks – Eden, Serene, Halcyon and Tranquil. Here are the quick facts on details regarding types of apartments offered with their respective sizes.

1, 2 & 3 BHK

  • 1 BHK : 782 – 799 sq.ft.
  • 2 BHK : 1097 - 1392 sq.ft.
  • 3 BHK : 1538 – 1905 sq.ft.
  • 3 BHK Cozy : 1389 – 1404 sq.ft.
  • 3 BHK Flexi : 1507 sq.ft.
  • Eden Units: 810
  • Serene Units: 1132
  • Halcyon Units: 232
  • Tranquil Units: 864
  • Eden: 73 - 102 Sq.m.
  • Serene: 115 - 177 Sq.m.
  • (Tower 2: 3 BHK Large) 169 Sq.m.
  • (Tower 3: 3 BHK Large) 169 Sq.m.
  • (Tower 4: 3 BHK Large) 167 Sq.m.
  • 2 Bedroom: 117 Sq.m.
  • Cosy 3 Bedroom: 129 - 130 Sq.m.
  • Flexi 3 Bedroom: 140 Sq.m
  • 3 Bedroom: 155 - 176 Sq.m.

  • 6. Is there a clubhouse in Brigade Utopia and what are the amenities provided in the project?
    Brigade Utopia hosts a ritzy podium comprising of lifestyle amenities. Yes, the premise hosts a grand clubhouse equipped with modern amenities like Health club, meeting rooms, crèche, yoga/aerobics studio, swimming pool pavilion, conference room, crèche, TT Room, cards room, billiards, spa, saloon, Kids’ indoor play zone and multi-purpose hall among others. The Outdoor communities provided includes various eco-friendly amenities like courtyards , sky gardens, Butterfly Park, Pet Park, sensory gardens, rooftop gardens, medicinal gardens and herb cultures, lotus ponds and reflexology pathways. The project also hosts various outdoor sports amenities like Cricket Pitch, Children’s play zone, Toddler’s Play Park, Basketball Court, Golf Chip & Putt, Tennis Courts, and Badminton courts.

    7.What are timelines of completion?
    Brigade Utopia is a phased development and is set to be ready for possession by end of 2023.

    8.When does the development start and when can I expect to move in to my new home?
    The development of Brigade Utopia has kick started from mid of 2019 and you can expect to move- in to your new abode by end of 2023.

    9. What about car parking spaces?
    Each apartment is entitled to own one car parking space. Any additional requirement would be honoured depending on the availability, on extra charges.

    10.Has BDA/BBMP sanctioned the plans?
    Brigade Utopia has its development plans and other corresponding details sanctioned by BDA/BBMP.

    11.Has RERA approved this project?

    Brigade Utopia is RERA Approved with following details:

  • Eden: RERA Reg. No. PRM/KA/RERA/1251/446/PR/181219/002236
  • Serene: RERA Reg. No. PRM/KA/RERA/1251/446/PR/181122/002176
  • Halcyon: RERA Reg. No. PRM/KA/RERA/1251/446/PR/190823/002825
  • Tranquil: RERA Reg. No. PRM/KA/RERA/1251/446/PR/200123/003231

  • 12.Has Brigade Utopia been approved by Banks/Housing Finance Institutions (HFIs) for loans?
    Yes, all leading Banks and Housing Finance Institutions (HFIs) have approved Brigade Utopia and interested investors can avail the loan based on their eligibility criteria as set by the respective financial institutions.

    13.Who will take care of the maintenance of Brigade Utopia?
    The maintenance would be taken care by leading professional property management & services firm.

    14.Commence date and Expected date of completion?
    The project development commenced by mid of 2019 and will move towards completion by end of 2023.

    15.What makes this project unique apart from others?
    Brigade Utopia is a smart Integrated Development that houses Residential, commercial office spaces, retail segment and Cineplex within a huge campus of 47 acres. It is one of its kinds in the real-estate scenarios of Bangalore and promises to deliver ace housing experience to its valuable clients. The location advantage is a major highlight of this project and is set in the precinct of top employment hubs and plush civic amenities.

    16.What are the different configuration available along with their size and price?
    • 1 BHK: 41 Lakhs Onwards*
    • 2 BHK: 58 Lakhs Onwards*
    • 2 BHK: 67 Lakhs Onwards*
    • 3 BHK: 92 Lakhs Onwards*
    • 3 BHK: 1.1 Crores Onwards*
    • 2 BHK: 77 Lakhs Onwards*
    • 3 BHK: 85 Lakhs Onwards* (Cosy)
    • 3 BHK: 94 Lakhs Onwards* (Flexi)
    • 3 BHK: 1.03 Crores Onwards*

    *Base Agreement value, All additional charges extra

    17.Location, Key Distances in and around the Project

    Key Distances

    • Airport – 42 Kms
    • City Railway Station – 15 Kms
    • Whitefield – 4.2 Kms
    • Electronic City – 14.2 Kms
    • Koramangala – 18 Kms
    • Sarjapur Road – 6 Kms

    18.What is process of Assignment?
    Assignment would be confirmed after the validation of Agreement copies which will be followed by submission of Post Dated Cheques, payment of three installations and with the total consent of the assignee or the new party abiding fully to the terms and conditions of the principal agreement. Transfer fee is applicable and if you have availed a loan, then you will be required to retrieve and hand over all letters and documents issued by the Brigade Groups to the Bank/Housing Finance Institution along with their NOC (No Objection Certificate).

    19.Details about the compensations, if there are any delays in construction and possession?
    Given the reputation of Brigade Groups, the project completion will happen in the assured timeframe. However, if the development is delayed due to unforeseen circumstances, then Brigade will pay the compensations as fixed in the agreement.

    20.What are the other addition amounts to be paid?
    The additional amounts that are to be paid include BESCOM & BWSSB charges, Maintenance Charges, Power Backup charges, Registration charges and Khatha Assessment Charges. The VAT and Service Taxes are to be paid as per the norms at the time of possession.

    21.What is my responsibility for disbursement of the instalments through HFIs?
    The responsibility of timely disbursement of instalments from the concerned HFIs lies with the individual customers. The consent letter has to be provided by the customers to facilitate hassle-free payment transactions. Post dated cheques (PDCs) that were handed over for the instalments will be returned on receipt of the actual payments from the HFI.

    22.What happens if I have any more questions/clarifications?
    You are more than welcome to put forth your doubts and queries through our website, which will be addressed through our People-representatives. You can also reach us at +91-8861265544.

    24.What is meant by valuation of property?
    Typically, if a real estate agent is asked to judge the value of a piece of property, he would do so based on information of recent sales or purchases of similar properties in that area.

    25.What is meant by valuation of property?
    Typically, if a real estate agent is asked to judge the value of a piece of property, he would do so based on information of recent sales or purchases of similar properties in that area.

    26.How does property valuation help?
    Typically, if a real estate agent is asked to judge the value of a piece of property, he would do so based on information of recent sales or purchases of similar properties in that area. Though this may give a fair idea of the property’s market value, an official property valuation would carry more weight. E.g. if you need to use this piece of property as a security against a loan, the bank’s loan approval process would be faster and smoother if the property is certified by an official evaluator. Many banks now insist on valuation certificates before issuing loans using properties as security. The value thus certified may also have chances of getting a higher amount of loan sanctioned. Another benefit of official valuation is that it is a useful negotiating tool when selling the property. Such certification also becomes essential in situations where the correct value of the property has a legal bearing—such as, a will statement, insurance papers, business balance sheets etc.

    27.What is the meaning of a property’s market value? How is its stamp duty decided?
    The price that a property can command in the open market is known as its market value. Stamp duty is based on the market value or the agreement value of the property, whichever is greater.

    28. What does the term ‘Leasehold Property’ mean?
    When a piece of property is given or ‘leased’ to an individual (known as the ‘Lessee’) for a stipulated period of time, by the owner of the property (known as the ‘Lessor’), the property is referred to as Leasehold Property. A certain amount is fixed by the Lessor to be paid as lease premium and annual lease. The land ownership rights remain with the Lessor. Transfer of property requires prior permission.

    29.What does the term ‘Freehold Property’ mean?
    When ownership rights for a piece of property are given to the purchaser for a price, that property is referred to as Freehold Property. Unlike in the case of leasehold property, no annual lease charges need to be paid and the freehold property can be registered and / or transferred in part(s).

    30.Are there any benefits in converting a leasehold property to a freehold one?
    There are several benefits: if you convert the property to a freehold property, you become a full-fledged owner by getting the sale deed and having it registered. A freehold property has better marketability and can be sold, mortgaged or kept for standing security, which cannot be done with leasehold property.

    31.Are there any income tax considerations while transferring newly acquired property?
    If the transfer takes place within three years of purchase, the income tax exemption under Section 54F of the Income Tax Act does not hold good.

    32.What constitutes conclusion of sale of a property?
    An agreement of sale, coupled with actual possession of the property would be considered as a conclusion of the sale. Usually, the entire amount is paid at the time of handing over possession.

    33.What is the difference between carpet area, built-up and super built-up area?
    The area of an apartment or building, not inclusive of the area of the walls is known as carpet area. This is the area that is actually used and in which a carpet can be laid. When the area of the walls including the balcony is calculated along with the carpet area, it is known as built-up area. The built-up area along with the area under common spaces like lobby, lifts, stairs, garden and swimming pool is called super built-up area.

    34.When there are apartments of different sizes in a complex, how is the maintenance charge calculated?
    Legally, the actual area owned by the individual is the basis for calculation of maintenance charge.

    35.Why do Co-operative Housing Societies collect a Sinking Fund?
    Co-operative Housing Societies have a statutory obligation to collect a Sinking Fund. This is done so that in case the building needs to be repaired or reconstructed in the future, the society has sufficient funds to carry out the work. The amount to be contributed is decided by the General Body of the society; it should be at least ¼ percent per annum of the cost of each apartment, excluding the cost of the land. This fund may be used after a resolution is passed at the General Body meeting with the prior permission of the Registering Authority. This could be to carry out reconstruction, repairs, structural additions or alterations to the building as the architect thinks is required and certifies.

    36.How is a lease agreement created?

    A lease agreement can be reached in either of two ways, depending upon each case:

    • In cases where the lease contract is from year-to-year / exceeding one year’s rent / reserving yearly rent, then a registered instrument can be created, which both the lessor and the lessee must execute.
    • In cases other than the above, an oral agreement followed by delivery of possession is considered enough.

    37.What are the charges to be paid while gifting property?
    When a gift of property is made, a gift deed needs to be made by a lawyer. Stamp duty on the market value of the property also needs to be paid, as well as the necessary registration charges.

    38.What about the Approvals?
    The project development plans have been approved by BDA. The Environmental clearance has been attained and BBMP approval has been applied for.

    39.What are the Agreements that needed to be signed?
    • Agreement of Sale
    • Agreement to Construct
    • Sale Deed at the time of possession

    40.Can corporate bodies use residential properties as office space?
    It is illegal to put residential properties to commercial use. However, service-based industries are allowed to operate from residential areas, on the condition that they will vacate the property if any complaint is received from other residential owners.

    41.Before purchasing property owned by a company, what aspects should be considered?
    Before purchasing property from a company, it is necessary to verify with the Registrar of Companies that the property is not mortgaged or is not being used as a security against a loan, otherwise it is not considered a freehold property.

    42.Do NRI's require permission of Reserve Bank to acquire immovable property in India?
    No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farm house.

    43.Do NRI's require permission of Reserve Bank to transfer immovable property in India?
    No. NRI's do not require any permission to transfer any immovable property in India. Permission is required only in the case of transferring of agricultural or plantation property or farm house to another citizen of India NRI or PIO.

    44.Do PIO's require permission of Reserve Bank to purchase immovable property in India for their residential use?
    Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property other than agricultural land/farm house/plantation property, in India. They are, therefore, not required to obtain separate permission of Reserve Bank or file any declaration.

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