Assetz Promise of Spring

Assetz Promise of Spring lies at Avathi village, Kasaba Hobli, Devanahalli, pincode 562110, on NH 44. That highway is the road between Bengaluru and Hyderabad, and it is also the way most of the city reaches Kempegowda International Airport, which lies within the Devanahalli area. Assetz Property has not published distances or drive times, so none appear here.

Life on the highway side of the north is shaped by that road. Heading into the city means driving south along NH 44 past Yelahanka and on to Hebbal, and the airport is in the other direction. Devanahalli town takes care of everyday shopping and services. If your work is in the city rather than near the airport, drive the route at your normal hour before you buy; a highway can be quick at noon and slow at eight in the morning.

Because this is a plotted layout, the neighbourhood will be built by owners over years, and the roads inside the gate will fill up gradually. Look at how the layout joins the highway, whether the turn-in is safe at speed, and how far the gate is from the nearest bus stop. Ask what the service road arrangement is, since highway-front layouts often depend on one.

Assetz Promise of Spring sells plots, so the sizes are land areas. The 30 x 40 plot is 1,200 sq ft and the 30 x 50 plot is 1,500 sq ft; the unique plots are around 2,000 sq ft each, though their shapes and frontages are not published. Ask for the plot list with the exact dimensions of the ones still available.

Starting prices are Rs. 78 Lakhs for the 30 x 40 and Rs. 97 Lakhs for the 30 x 50, which is about Rs. 6,500 per sq ft of land in both cases. The unique plots span Rs. 1.3 Crore to Rs. 2.14 Crore, about Rs. 6,500 to Rs. 10,700 per sq ft, so position and shape are clearly priced in. Corner plots and park-facing plots usually cost more; ask how each premium is set.

GST does not normally apply to the sale of a developed plot as land. Stamp duty and registration are payable on the full consideration when the sale deed is registered. Your house is a separate cost with its own plan sanction. Ask for a cost sheet that separates:

• The plot price and the area and dimensions it is based on
• Premiums for corner, park-facing or larger-frontage plots
• Development or infrastructure charges, if any are billed separately
• Connection charges for water, power and sewage to the plot boundary
• Any membership or maintenance deposit, given that no amenities are published
• Stamp duty and registration on their own lines

Assetz Promise of Spring has no RERA registration number published by Assetz Property for this layout. Ask for it and search rera.karnataka.gov.in yourself. A 320-plot development would ordinarily need to be registered unless it was completed before the Act applied, and the sales team should be able to say which. Get the answer in writing.

Plots depend on land approvals rather than building approvals, so the documents to ask for are different from a flat's:

• The conversion order changing the land from agricultural to residential use
• The layout plan approved by the planning authority, with your plot numbered on it
• The release order that frees your plot for sale after the roads and parks are handed over
• The chain of mother deeds and a recent encumbrance certificate for the 23 acres
• Any joint development agreement and the plot sharing under it
• A draft sale deed for the specific plot

If plots are being handed over now, you should register a sale deed and take possession together, not sign an agreement to sell and wait. If handover is really December 2026, insist on an agreement that fixes the date and the compensation for delay. After registration, have the khata for the plot moved into your name and keep the first tax receipt. When you build, the building plan sanction and later the occupancy certificate will be yours to obtain.

Assetz Promise of Spring divides 23 acres into 320 house plots, in rows of 30 x 40 plots and 30 x 50 plots with a set of larger, irregular unique plots. Roads, drains and lighting run between them. The master plan drawing shows where each plot lies and which ones face a park or a road junction; ask for it with plot numbers, and walk the layout to compare the drawing with the ground.

Assetz Property has not published an amenity list for this layout, so do not assume a clubhouse, a pool or courts. The day-to-day picture, as things stand, is a gated street of houses with shared roads and open plots where common areas are marked on the plan. Ask what, if anything, is being built for shared use, whether a park or a community space is reserved, and who maintains the roads and lighting until an owners' association takes over.

What a plot gives you instead is control: the size of your garden, the number of floors within the sanction, the parking and the orientation are yours to decide. Since the layout carries a ready-to-move label, the infrastructure should be in place; check that water, power and sewage lines reach each plot boundary and that street lights work. Any images you see are as planned by the developer until you have seen the site.