Assetz Codename Micropolis

Assetz Codename Micropolis lies at Kudlu, a pocket off Hosa Road, the connector that runs between Hosur Road and Sarjapur Road in the south-east of the city. Your address at Sai Meadows, near Parappana Agrahara, pincode 560068, puts you a short way off that road. Assetz has not published distances to offices, schools or hospitals, so none are quoted here; measure your own on a visit at the hour you would travel.

Electronic City is the obvious workplace for buyers here, reached by road via Hosur Road. HSR Layout is a large residential and shopping hub in the other direction, and Sarjapur Road opens the way to the offices along it. If your household splits between two of these, Kudlu is one of the few addresses that avoids a long drive for either person.

Everyday needs are met in the surrounding areas rather than in Kudlu itself: schools, hospitals and shops are spread across the neighbouring localities. A project of 2,000 homes usually draws its own shops and services over time, but that takes years. On your visit, drive Hosa Road at peak hour in both directions, and ask the sales team which bus routes serve it and where the site entrance will be once the project is complete.

Assetz Codename Micropolis has two layouts covering the whole project. The 3 BHK comes in at roughly 1,900 sq ft and the 4 BHK at roughly 2,500 sq ft, both quoted as built-up area. Carpet areas have not been published, so ask for them and for the floor plan with room dimensions; a 1,900 sq ft 3 BHK can be laid out very differently from one project to the next.

Entry prices are Rs. 2.50 Crore on the 3 BHK and Rs. 3.25 Crore on the 4 BHK. On the published sizes that is near Rs. 13,200 per sq ft for the smaller plan and near Rs. 13,000 for the larger one. Higher floors, corner units and garden-facing units carry premiums that Assetz has not published. In a project with many towers, the same plan can also differ in price from one tower to the next.

The homes are under construction, so GST is charged on the price. Stamp duty and registration apply on every purchase. Ask for a cost sheet that lists:

• Base rate per sq ft and the area it applies to
• Floor-rise, facing and tower premiums for your unit
• Car parking and how many bays are included
• Clubhouse membership and the maintenance deposit
• GST as its own line
• Stamp duty and registration on the full consideration
• The construction-linked payment schedule for your tower

Assetz Codename Micropolis does not carry a published RERA registration number from Assetz. Make sure the number you are given covers the tower you are buying in, since a large project can be registered in more than one part. Look it up on the Karnataka RERA website, rera.karnataka.gov.in, and read the declared completion date, the sanctioned plan and the quarterly progress filings before you pay anything.

Before signing the agreement for sale, ask for:

• The RERA certificate, with the towers it covers
• The sanctioned building plan showing your tower, floor and unit
• The master plan approval for the whole 80 acres, so nothing built later can surprise you
• Title documents and an encumbrance certificate for the land
• Any joint development agreement, if part of the land is not owned by the developer
• The draft agreement for sale, with the handover date and the payment schedule

At handover, ask for the occupancy certificate for your tower before you accept the keys, then register the sale deed and have the khata moved to your name. In a township this size, ask also for a written commitment on when the shared facilities and the common areas will be handed to the owners' association, since that can lag the last tower by years.

Assetz Codename Micropolis spreads 80 acres like a small town, with roughly 2,000 homes sharing the clubhouse, pool and gardens. Assetz has not released the tower count, the floors or the open-space share, so ask for the sanctioned master plan and find your tower on it. Anything you are shown before that is a render, as planned by the developer, and the facilities may be built in stages behind the towers.

A morning could start on the jogging track through the landscaped gardens, or in the gymnasium and the aerobics and yoga area, before a swim. With this many households, ask how many pools and gyms are planned, because one of each will be crowded. Children get a play area, and there are several sports courts for after-school hours.

Evenings are where the scale shows. A mini theatre on site means a film without a drive to a mall. The indoor games area and the clubhouse take care of a wet weekend, and the health centre covers a check-up without leaving the gate. Family functions go to the multipurpose party hall. Ask which of these open with the first handover in December 2029 and which follow later, and what the maintenance charge per sq ft is expected to be once the association takes over.