EXURBIA
AMENITIES
- Wide black top roads (40 & 60 ft. roads).
- Centralized underground water supply.
- Reliable underground power supply (no hanging wires).
- Sewage treatment plant.
- Children’s play area.
- Jogging track.
- 24-hrs security with compound wall.
- BMRDA approved residential township
- Just 12 km away from largest IT hub (Electronic City), well connected to leading companies like Wipro, Infosys, HP, Biocon.
- Proximity to new GE campus and major institutions like Alliance Business Academy, Alliance Institute of Technology, upcoming RJS Medical College, Indus International School, Sarla Birla Academy and hospitals like NarayanaHrudayalaya, Sparsh, etc..
- Elegant entrance with security cabin.
- Arterial roads with paved footpaths and drains.
- Superb landscaping with unhindered views of sunrise, sunset and hills.
- Drip irrigation system adopted for park area andfriar/ flowering trees on individual plots.
- Clubhouse made to international standards- complete with jogging tracks wading pool, swimming pool.
- Well constructed watersupply &sewerage system.
- Spacious and comfortable villas.
COMPLETED
specifications
Exurbia is 24 acres of a heady mix of residential township and modern facilities. It is set in tranquil, natural surroundings. While bringing you the most modern infrastructure, the project yet delicately preserves the pristine environment around it.
- Natural lake in the midst oflayout.
- Clubhouse with swimming pool.
- Tennis courts.
- Volleyball court.
- Indoor games.
- Party hall.
- Jogging track.
- Commercial complex & multi-cuisine restaurant.
FAQs
Why buy a villa or a residential plot at EXURBIA, Bangalore?
Because these properties combine natural beauty and amenities, meeting world-class standards. The rapid growth and expansion of IT, BT and Industrial segment near Electronic City Phase-I and Phase-II on Hosur Road has seen substantial demand for residential accommodation. After the re-alienation of land use in 2007 by BMRDA the demand has risen due to declaration of more Green Zone with limited Residential Zone. The proposed Peripheral Ring Road is aligned closely to the layout, thus offering faster commute to any corner of the city without any traffic congestion.
Is buying a home at Exurbia a good investment?
The Bangalore property market is one of the world’s real estate hotspots. The idea of a property in Bangalore, The Green City, with its great climate, location and affordable property prices, is attracting thousands of investors every month. The area has already experienced accelerated growth with property values rising as much as 50 to 75% in the last 12 months and prices doubling every two years. Exurbia, being in close proximity to Electronic City, has significant demand and is all set for escalation of land prices in a short span of time. Land values in Bangalore area increase 30 to 40% per year on an average. 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 years.
Why is Motherland Ventures involved in this project?
We realize the acute need for building satellite communities around Bangalore Urban limits. These communities will appeal to executives, self-employed workers, retirees, and NRIs. The location of the community is intended to alter the local village structure as it has existed for generations.
Is the title of the property clear?
Absolutely.The land is freehold, marketable and free from all encumbrances.
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.
On the FAQ, it states that Exurbia 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 if yes, 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. Our Senior Legal Advisors have thoroughly scrutinized and cleared the title. In the event of a dispute that can’t be resolved, any monies paid by you will be refunded.
Which authority has approved the project?
The property has been converted from agricultural use to residential purposes and BMRDA has approved the project through Anekal Planning Authority. The approval number is LAO/72/2007-08 and can be checked on the BMRDA website also for authenticity.
Which Banks has approved the project?
Currently IDBI, Axis Bank, LIC Housing, Deewan Housing and Deutsche Bank have approved the project and loans have also been disbursed for our customers and ICICI Bank is in the process of releasing approval.
Does your Bank sanction loans for NRIs?
Yes, IDBI, Axis Bank, LIC and Deutsche Bank will sanction loan for NRIs too.We will put across out banking executive to explain the documentation process upon receiving the confirmed booking from customer.
Is there any plan for adding more sites in addition to this layout?
Yes, we have the Phase-II coming up soon.
Has the land been acquired for the next phase?
We have already acquired the land and are awaiting the departmental approvals for opening sales.
I’m an NRI from the United States. How secure will my villa or plot 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 property in the same condition – ifnot better – than if you were present yourself!
Do I get taxed by the US government on bringing back profits after paying capital gains in India?
Yes, capital gains are taxed by the US government. Approximately 15% on the capital gains, less whatever tax is paid in India. (Which means one can offset tax paid in India against tax payable in the US).
What are the ramifications of repatriation when a foreigner(not of Indian origin) buys property in India?
One has to obtain permission from the Reserve Bank of India for repatriation of sale proceeds and there is no general permission for repatriation. The Reserve Bank of India may give permission to repatriate only the amount invested or sale proceedings less taxes on case-to-case basis.
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 investment, but we are seeking a clarification from our Indian accountants and lawyers.
Can we have multiple holders listed on the title (eg. 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.
About
Headquartered in Mysore, Motherland Ventures is the real estate industry’s blue eyed boy.
We have painstakingly earned our name as an esteemed builder and developer through project after project of impeccable planning and execution.