Assetz Codename Summit

Assetz Codename Summit stands at Gummanahalli in the Bagalur belt of north Bengaluru, within the area of the KIADB Aerospace Park. If your office is inside that park, this is one of the shortest commutes a new flat in the city can offer. Assetz has not published any distances, to the park, the airport or the city, so ask for them and then drive each route at the hour you would actually travel.

Yelahanka is to the west and is the settled suburb you will depend on for larger schools, hospitals and shopping until Bagalur fills in. Bagalur Main Road carries a line of shops and services for daily needs. Kempegowda International Airport is a road journey from here, which suits frequent flyers and anyone employed at the airport or the businesses around it.

The honest caveat is distance from the rest of the city. Bagalur is on the northern edge, and a daily round trip to the south or east will be long; time it both ways before you sign anything. Because the address is a Plus Code and the towers will bring several hundred cars, look hard at the approach road: its width, its condition and how it will cope at 9 am once 676 homes are occupied. Ask which bus routes pass within walking distance.

Assetz Codename Summit has 676 homes, all three-bedroom flats, and the choice is between two and three bathrooms. The two-bathroom plan comes in near 1,518 sq ft, the three-bathroom plan near 1,788 sq ft, both quoted as built-up area. Carpet areas have not been published; ask for them, and ask where the extra 270 sq ft of the larger plan goes, since a third bathroom alone does not account for it.

Entry prices are Rs. 1.50 Crore for the two-bathroom plan and Rs. 1.77 Crore for the three-bathroom plan. Both work out near Rs. 9,900 per sq ft, so you pay the same rate for the bigger flat. These are lowest-floor figures. In a 29-floor tower the floor-rise charge builds up floor by floor, and a high, open-facing unit can cost well above the entry price. Assetz has not published the premiums, so ask for unit-wise pricing.

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

• Base rate per sq ft and the area it is charged on
• Floor-rise per floor and the facing premium for your unit
• Car parking and the number of bays included
• Clubhouse membership and the maintenance deposit
• GST as a separate line
• Stamp duty and registration on the full consideration
• The construction-linked payment schedule through July 2030

Assetz Codename Summit is registered with Karnataka RERA under PRM/KA/RERA/1251/472/PR/220726/008831. Open the entry on rera.karnataka.gov.in and read three things. The declared completion date should match the July 2030 handover in your agreement. The sanctioned plan should show three towers of 29 floors. The promoter named there should be the party you are contracting with.

For a new launch on a village site, the land papers matter as much as the building approvals. Before signing the agreement for sale, ask for:

• The RERA registration certificate
• The sanctioned building plan showing your tower, floor and unit
• The land conversion order, if the 5 acres were agricultural land
• Title documents and an encumbrance certificate for the whole site
• Any joint development agreement with the landowner
• The draft agreement for sale, with the payment schedule and the handover clause
• A cost sheet that separates GST, parking, deposits and registration

At handover, ask for the occupancy certificate for your tower before you accept the keys, then register the sale deed and have the khata transferred to your name. Because the towers may be completed one after another, confirm in writing which tower is finished first and whether the clubhouse and common areas are handed over with it or with the last one.

Assetz Codename Summit is laid out as three 29-floor towers on 5 acres, with a clubhouse of 13,500 sq ft and the gardens serving all 676 homes. Going tall is how Assetz keeps ground free on a small plot. Ask for the sanctioned site plan and see how much of the 5 acres is actually open, and which flats look at another tower rather than the sky. Renders are as planned by the developer.

Mornings can start on the jogging track through the landscaped gardens or on the activity and yoga deck, then move into the clubhouse for the gymnasium and the swimming pool. Working parents get a creche on the premises. With 676 homes, ask about its capacity and hours, and about how many lifts each tower has, because on the 25th floor the lift matters more than the pool.

After school the kids' play area and the sports courts take over. Evenings offer the indoor games zone, a salon and spa, and the amphitheatre and party area for anything worth celebrating. Retail spaces inside the project should handle the daily purchases without a drive. Ask which facilities will be open at the July 2030 handover, whether the clubhouse opens with the first tower or the last, and what the monthly maintenance per sq ft is expected to be.