A hundred- acre contiguous extent has been identified. Several landmark residential, commercial projects, SEZs, educational institutions and Government offices are in the vicinity of the proposed layout. The location carries exclusivity as the project is coming up on a south-east corner plot and having in all a 1000 metre frontage to two major roads. The existing vegetation on the land and the adjoining properties suggest that there is a good source of water for the layout. The project is just 12 minutes away from Bengaluru-Hyderabad National Highway No. 44 and it is located off Chapparadakallu Road/Bengaluru Rural D C office Road, Dyavarahalli Village, Devanahalli Taluk.
- Multifunction convention Centre.
- State of the art Club House, Community lounge, Co-working space, Multi-purpose indoor courts for badminton, etc., and Vyaayam (fitness, gym and Yoga) Centre.
- Sports facility with mini-fields for cricket, football, basketball and walking track and Children play area.
- Indoor and outdoor swimming pools.
- Integration of facilities for use as event venue.
- Meditation Centre.
- Open air theatre.
- All round compound wall.
- Wide roads with footpaths and Solar street lights, closed SWDs and underground electric cables.
- We had received e-khathas for all the sites in the first phase of the project in the month of June 2024. RERA, Karnataka has granted registration for the first phase of the project (PRM/KA/RERA/1250/303/PR/200824/006976).The project has the approval of State Bank of India and Karnataka Bank Ltd. for granting housing loan for buying sites in the phase one project.
- The entire land identified for the development is being topo surveyed for preparing a comprehensive plan for Arth City. A tentative project plan was prepared and displayed in the site. It’s a near real plan to indicate how the layout will shape up. The existing road from Chapparadakallu road to Dyavarahalli will be upgraded to 80 feet cement concrete road. The Chapparadakallu road from Bengaluru City to Bengaluru Rural DC office has been identified for widening to 150 ft. road. Arth City is in the neighborhood of prestigious schools, institutions, residential and industrial projects. After the commissioning of STRR- Hosakote – Dabaspete-NH-648 and launch of KWIN City near Doddaballapur there is significant increase in the activities around, as the project is in the middle of all these developments in Bengaluru north.
- We had a milestone event on 29/8/2024. The first site in the ambitious Arth City project was registered in the name of a member of RBEHWS. There prevails a sense of pride and satisfaction around, after this accomplishment braving lot of challenges. Our joy has doubled to get to know that. Now, we have ample reasons to realize that ARTH CITY is destined to be a landmark project in Bengaluru north.
- It is reiterated that never in the functioning of the Society there was a liberty for the committee to arrive at the price offered to the members. The price was always impacted by various external factors which went beyond the control of the Society. We had experienced this in Tavarekere project too when there was a shortfall in collection to match the cost of acquisition. After the present place was finalized and the decision was taken by the General Body on the price per sq.ft. for the first phase in Arth City project based on the price agreed between Society and the developer a caution has been received by the Managing Committee regarding the negative absorption of cost which may lead to deficit financials for Society. In view of the requirements and compulsions as above, a committee with three members was formed to look into the cost/price, aspect of price for early aspirants and other relevant aspects which warrant immediate action by the Managing committee.
- The recommendations of the committee was placed before the General Body. We have found the price decided by the Society for early applicants was in tune with findings/recommendations of the Cost/price committee. Taking enough indication from the inputs received from the committee we enhanced the price to Rs.3300/- per sq.ft. last April and we propose to increase the price shortly in accordance with the inputs received and price agreed with the developer.
- For the site aspirants listed as per their payment seniority, sites in first phase -RERA approved layout- have been allotted and are being registered. For allotment to site applicants next in the seniority, second and third phase of development is in progress. The work has already commenced to meet the requirements in the second phase and the remaining phases of commitments in the project. Around 12 acres of land have been submitted to BIAAPA for change of land use and further approval process. And another 15 acres of land were being surveyed and submitted to land records/survey authorities for necessary approval, a prerequisite before lands are taken up for change of land use and conversion. Earthwork in the land earmarked for the remaining phases and the integrated area has already begun. Respectively By June 2025 and December 2025 sites in the second and third phase will be available for allotment/registration. As we had taken over a completed layout we did not get the plots in the first phase layout as required by the bookings. Particularly, in the 30x50 category. The plan for future phases would clearly accommodate bookings of all the dimensions as the plotting will be done as per the requirement. We have observed that few aspirants of sites did not take over the sites allotted to them in the first phase approved layout to try options in the remaining phases of development.
- We have experienced plenty of footfalls and enquiries in the project area. However, the Society had decided to tread cautiously by not taking new bookings till land availability for future requirement is confirmed by the developer. As and when availability of land for future bookings is notified to us we proceed with accepting commitment money from members.
- Our stand that location of the project is of Paramount importance has been vindicated as everyone visiting the RBEHWS-ARTH CITY project is excited to know about a well connected and most appreciable place. We have been telling members all through that their investment in Society's project is of immense significance to us and we will deliver the best even if at the cost of little change in timelines. Many members who have accustomed to our functioning have considered ours as a truly honest, safe and remunerative effort. We have changed locations to finally reach the best one. We found lot of potential in this place and that is getting evident from recent developments around the project. All through our journey to find the best place for aspirants we had observed two cardinal rules to safeguard the investment and find the best one for the investment. In the entire gamut of property development identification of proper and appreciable land is considered to be a vital action.
- As stated earlier on various occasions that the final price, terms and conditions are dependent on the reasonable presumptions which are relevant to the entire process from acquisition of land till the delivery of sites to members. The absorption of offer by aspirants, scale of the project, unforeseen factors which cannot be provisioned, approvals, land related actions of the Government/approval authorities impact every aspect of property development. Ours is a collective effort where the entire expenditure is made good by members who procure the sites. We in the committee of RBEHWS are the representatives of the organization to act to realize the common objective of the Society. Those who are familiar with us know that we are good at it.
- To ensure transparent, accountable and continual activities for the safe and hassle-free delivery of sites a “ Special Purpose Vehicle” by name RBEHWS-ARTH CITY project has been created to engage securely and diligently all the requisite activities to achieve the objective of the Society.
- We have acted to safeguard the payments from the aspirants and guarantee the performance of the turnkey developer by obtaining a perpetual security of assets owned by him. We wanted to fix the accountability and responsibility for both pre-registration and post registration transactions carried out by the vendor to address any issues concerning the legality and possession of sites bought by our members. We always maintained that for us safety of members’ money is as important as delivery of site.
