Al Muiz Enclave, Sai Nagar

As we are growing rapidly, we are entering into new areas across Bangalore. This time we are launching a grand project in Sai Nagar which is a posh suburb in North Bangalore very close to Sambhram Institute of Technology.

The project is offered under 36% and 30 months EMI scheme in order to make it as affordable as possible. Our success mantra is affordability clubbed with unmatched quality. With more and more projects in the pipeline, "Al Muiz Enclave" will be a class apart.

Al Muiz Enclave - Project Highlights

• 3900 sq. ft (60X65) BBMP land just 200m from Sambhram College.
• Situated in the heart of MS Palya, the dream destination for flat buyers.
• Total of 20 elegantly designed 2-BHK units of 950 sq.ft. super built-up.
• Project starting in August 2024 and completion in 24-28 months (End 2026).
• The land is on 40 feet wide roads, which is a major major highlight.
• Designed by one of the leading architects of Bangalore, Emphasis Designs.

Al Muiz Enclave - Project Location

The project is coming up in one of the most happening places in North Bangalore, Sai Nagar - the dream destination for ambitious flat buyers. Click on the link below to see the actual location and the neighborhood.

Al Muiz Enclave Project Location >>

• Hardly 200 meters from Sambhram College (4 mins walk).
• 150 meters from Hesaraghatta Double Road
• 8.5 Km from Peenya Metro Station (20 mins ride).

Al Muiz Enclave - Project Designs

We have worked on many floor plans. Every time, we kept improvising the design. This time we have come up with the most optimal design on the given plot size and dimension. Due to the perfect dimension of the plot, we were able to come out with a harmonious design. With four spacious 2-BHK units on each floor, all are given ample lighting and ventilation.

There is one attached one common toilet for each flat which is quite unique in this project. The Living Area is quite massive with a very spacious balcony that will let loads of sunlight into the flat. More sunlight means more happiness and prosperity. The kitchen has a quite decent utility for keeping washing machine and drying. Another unique aspect of the design is the study / workstation in all bedrooms.

Typical Floor Plan

The best part of the floor plan design is that we have accommodated four units of spacious 2-BHK apartments on each floor. All two bedrooms are quite spacious with spacious and comfortable attached balconies. The toilets are quite spacious and can even have a separate enclosure for bathing.

Isometric Views - flat 1,2,3 & 4

All flats are exactly identical with only the facing will change. Flats 1 and 3 are West Facing while flats 2 and 4 are East Facing.

Stilt-Parking Plan

We have to total of 16 spacious sedan car parking slots. The cost of one car parking is 1.75 lakhs that is not included as part of the flat's cost. The car parking slot has to be purchased separately. The price of the slot may go up due to heavy demand. So, along with your flat booking, don't forget to block a car parking slot.

Elevation Design

This is the latest version of the elevation rendering we have received from our design team. Be assured that the elevation will be one of the best as we need to compete with major builders in this area. In our earlier projects we have not given much importance for elevation but as we are becoming more and more matured we strongly feel that the elevation design plays a major role in the construction industry.

Al Muiz Enclave - Project Pricing

The rate per square foot is Rs.3,789/- ONLY. As this is the third project of this developer under Halal Housing scheme, he has come forward offering almost at the cost price. The market price in this area is nothing less than Rs.6,500/- per square foot.

• Cost of one spacious 2-BHK is Rs.36/- Lakhs (950 sq. ft.) for flat-1 and 2.5%, 5.0% & 7.5% extra for flats 2,3 & 4 respectively.
• One covered car parking costs Rs.1.75/- lakhs and received as booking amount (stage-1). Rs.25,000/- to be paid to block the apartment and the remaining Rs.1,50,000/- before 30th June 2024 (Sunday).
• 36% initial payment (stage-2) and balance (stage-3) in 30 months as interest free EMI (~Rs.76,800/-).
• Size / Worth of undivided share is 186 sq. ft. (Rs.15/- lakhs) for each flat at the market value of Rs.8,000/- per sq. ft.
• Promoters' Club members get 1% as referral bonus on base price.
• Preference will be given for families and group bookings.

The booking amount (stage-1, car parking) of Rs.1,75,000/- has to be made into the following account. There is no scope for any further negotiations in the above pricing as this is already a highly discounted pricing and the same can be validated whenever you come for the site visit.

As we have only limited car parking slots, they will be allotted on the basis of first-come-first-served basis. The blocking amount of Rs.25,000/- is non-refundable and can only be transferred to other projects of the same developer in case of cancellation.

Note: While making the online transaction, clearly mention your name, flat number being booked and project name, Al Muiz Enclave. This will make things easy for us to trace the transactions.

Al Muiz Enclave - Payment Stages

• Stage-1: Rs.1,75,000/- (Rupees One Lakh Seventy Five Thousand only) towards one covered car parking to be paid as the booking amount. Rs.25,000/- to be paid to block the apartment immediately and the remaining Rs.1,50,000/- in a week's time, on or before 30th June 2024.
• Stage-2: 36% of the cost of the flat to be paid on or before 15th July 2024 and we need this funds to start the construction activities. As we are planning to go with advanced PEB structure, this payment is mandatory in order to enter into sale and construction agreements.
• Stage-3: 64% of the amount to be paid as non-interest based EMI over a period of 30 months (~Rs.76,800/-) starting from August 2024 onward (July 2024 EMI will be paid in the first week of August 2024). The EMI payment has to be on or before 7th of every month without fail.

Note: Before adding and transferring the blocking amount of Rs.25,000/-, please don't forget to call the project director, Mr.Pasha (8884417095) and make sure that the units are still available. This will avoid unnecessary disappointment and discomfort on both sides of the table. The blocking/booking amount of Rs.25,000/- is non-refundable and can only be transferred to other projects by the same developer in case of cancellation.

Al Muiz Enclave - Return on Investment

Many of our members used to ask about the ROI and Rental returns on their investment. Here is a very crude but confident calculation.

• Price Offered by Halal Housing - Rs.36,00,000/-
• Current Market Value of the Property - Rs.50,00,000/-
• Value of Property after 24 months (33% YOY) - Rs.56,00,000/-
• Net Return on Investment on asset value - Rs.20,00,000/-
• Percentage Return on Investment after 30 months (2.5 years) - 55%

If you are a smart investor, then you will also consider the fact that the cost of the apartment Rs.36,00,000/- is not invested one time. It is invested across 30 months with only 36% upfront payment and the remaining 64% over a period of 30 months. If we consider this payment pattern into account, the return on investment will be much much higher.

The rental income on this property will be nothing less than Rs.25,000/- after completion if we properly do the interiors as per the given design. If we have to look into the calculation, this is how it is going to work out.

• Upfront investment (36%) - Rs.13,00,000/- only.
• Keep paying the EMI for 30 months at the rate of Rs.76,800/- per month.
• Then recover the rental income of Rs.25,000/- for 92 months.
• From the 93rd month onward the ROI on actual investment is almost 2.00% per month.

Al Muiz Enclave - Project Developer

Here are the couple of projects that are currently executed by Cuboid Constructions.

The Al Muiz Enclave project will be managed and developed by Cuboid Constructions under the guidance and supervision of Halal Housing team. This will be the third project for Cuboid Constructions under the Halal Housing scheme. They have delivered many residential projects in the past before on-boarding with Halal Housing. We request new members to visit all their finished projects before making the booking. This will instill a lot of confidence on the quality of construction, engineering, workmanship and quality of materials used.

For an immediate booking, site visit and confirmation please contact the Project Director, Mr.Pasha of Cuboid Constructions (8884417095). All payments including the initial blocking amount (Rs.25,000/-) should be made directly to the company account ONLY with clear transaction details. The account details are shared here once again for your reference.

We purely work on first-come-first-served basis with no favoritism to anybody. Moreover this project is for members of all communities, so that everyone can take the benefit out of it.

Al Muiz Enclave - Neighboring Projects

There are a bunch of our ongoing and completed projects in the vicinity of Al Muiz Enclave. We request new members to visit all our projects before making the booking. This will instill a lot of confidence on the quality of construction, engineering, workmanship and quality of materials used.

Al Muiz Enclave - Project Architects

The project has been conceived and designed by Emphasis Designs, Bangalore's budding designing firm known for its concept designing in residential and commercial projects in terms of both civil and interiors. They are a group of young creative minds headed by Er.Sufyan (8892325805) with technical expertise working towards fulfilling the customer requirements.

Al Muiz Enclave - Legal Status

Cuboid Constructions has entered into a Memorandum of Understanding (MoU) with the landowners of this 3900 sq. of BBMP prime property in the heart of MS Palya. As soon as the bookings are over, the developer will execute Joint Development Agreement (JDA) general power of attorney (GPA) with the landlord. After this step, the developer will enter into sale agreement with the individual flat buyers.

The sale deed for the individual flats will happen after the completion of the project and upon full 100% payment. All flats of this project will get a "B" Katha. Kindly note that this is NOT a OC/CC project.

Al Muiz Enclave - An interesting video

We convey our heartfelt thanks to one of our partner companies El Cielo Avenues Pvt. Ltd. for making some fantastic videos that explain about the Halal Housing scheme and also explain the difference between the Halal Housing and conventional Bank Loan. I am glad to embed one such video here for the benefit of our new members.

About Halal Housing

Halal Housing provides affordable housing to the middle class families under the non-interest based EMI scheme. So far we have delivered close to 35 projects of various sizes in Bangalore alone. Now we are fast expanding to other major Indian cities as the demand for housing under this scheme is huge.

Our pricing is at least 30% lesser than the market value without compromising on the quality of construction and other standards. Under our scheme the customers are supposed to pay 40% at the time of beginning of the project and balance over a period of 2.0 to 4.0 years (depending on project) in the form of non-interest based EMI.

Yours Truly, Ahamed Hasan, Convener, Halal Housing, +91 9880 800 488