Al-Wahid Enclave, HBR Layout

All praise to almighty Allah alone, the last project by the same developer in HBR Layout was a super hit and the booking got closed in less than an hour. Many people could not grab the opportunity as they were a little late. At that time we have committed to come up with more exciting projects in HBR Layout. Al-Wahid Enclave, dot on the New Airport Road, will fulfill the dreams of many families that are longing to have a decent abode in HBR Layout and that too at an affordable cost with just 40% upfront payment and the remaining in 30 EMIs.

Al-Wahid Enclave - Project Highlights

• Around 2400 sq. ft "A" Katha property land on 80 ft New Airport Road / Hennur Road
• Situated in the heart of HBR Layout, the dream destination for flat buyers
• Total of 10 elegantly designed spacious 3-BHK units - 1194 sq.ft and 1274 sq.ft.
• Project starting in October 2023 and completion in 18-20 months.

Al-Wahid Enclave - Project Location

The project is coming up in one of the most happening places in North Bangalore, HBR Layout. Click on the link below to see the actual location and the neighborhood. As per the documentation it comes under HBR Layout Phase-1.

• Hardly 210 m D-Mart Ready Hyper Market (3 mins walk)
• Just 3.0 km Embassy Manyata Tech Park (7 mins ride)
• Just 3.3km Sir Ismail Sait Masjid, Frazer Town (12 mins ride)
• Masjid-e-Yusuf (Outer Ring Road) at just 950 m (2 mins ride)
• Just 2.2 km Darul Uloom Sabeelur Rashad Arabic College (6 mins ride)
• Masjid-e-Noorani is just 40 meters from the location (1 min walk)
• Bangalore International Airport just 28 km (45 mins ride)

Al-Wahid Enclave - Project Designs

We have worked on many floor plans. Every time, we keep on improving the design. This time we have come up with the most optimal design on the given plot size and dimension. With two spacious 3-BHK units on each floor, both are given ample lighting and ventilation. All three bedrooms have attached toilets which is quite unique in this project. The hall 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 balcony for keeping washing machine and drying.

Typical Floor Plan

The best part of the floor plan design is that we have accommodated two units of spacious 3BHK apartments on each floor. All three bedrooms are quite spacious with spacious and comfortable attached toilets (at least 8'X4') for each of them. In fact the toilets can even have a separate enclosure for bathing.

Stilt-Parking Plan

Due to the odd dimension of the plot, we can only accommodate only eight car parking. But our engineering team is trying to accommodate one more slot after getting the soil testing report. In that case we will have a total of 9 parking slots and all members will get one parking slot each. As of publishing this article, we are attaching the design for eight parking slots.

Elevation Design

This is the first version of the elevation rendering we have received from our design team. We will upload improvised versions soon that are developed with more advanced software. This one is designed with the help of Google Sketch-up. 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 plans play a major role in the construction industry.

Al-Wahid Enclave - Project Pricing

• Cost of one spacious 3-BHK unit is Rs.55.00/- Lakhs ONLY (all Inclusive).
• One covered car parking costs Rs.2.75/- lakhs and received as booking amount (stage-1). Rs.25,000/- to be paid to block the apartment and the remaining Rs.2,50,000/- in a week's time 17th Sept 2023.
• Road facing flats may be charged a premium based on the demand. The super built-up area of the front side flat is 1194 sq. ft. and that of the rear side flat is 1274 sq.ft. Already the rear side flat is bigger in size by 80 sq. ft.
• 40% initial payment (stage-2 & stage-3) and balance (stage-4) in 30 months as interest free EMI (~Rs.1,10,000/-).
• Size / Worth of undivided share is 232 sq. ft. (Rs.34.80/- lakhs) for front side flat and 248 sq. ft. (Rs.37.20 lakhs) for rear side flat at the market value of Rs.15,000/- per sq. ft.
• Promoters' Club members get 1.00% as referral bonus on base price.
• Preference will be given for families and group bookings.

The booking amount (stage-1, car parking) of Rs.2,75,000/- 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 limited car parking slots, they will be allotted based on the payment order. In case of non-availability of a car parking slot, the amount will be adjusted in the cost of the flat. The blocking amount of Rs.25,000/- is non-refundable and can only be transferred to other projects in case of cancellation.

A/C Name: Khalifa Developers

A/C #: 50200079132444

Bank : HDFC Bank Ltd.

IFSC: HDFC0000514

Type: Current Account

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

Al-Wahid Enclave - Payment Stages

• Stage-1: Rs.2,75,000/- (Rupees Two Lakhs 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.2,50,000/- in a week's time, on or before 17 Sept 2023.
• Stage-2: 20% of the cost of the flat (Rs.11,00,000/-) to be paid on or before 30th Sept 2023 and we need this funds to enter into Joint Development Agreement with the landlord immediately after execution of Release Deed.
• Stage-3: 20% of the cost of the flat (Rs.11,11,000/-) to be paid on or before 31st Oct 2023 (after signing of JDA & GPA). We will enter into a sale and construction agreement with the members post completion of this payment.
• Stage-4: 60% of the amount to be paid as non-interest based EMI over a period of 30 months (Rs.1,10,000/-) starting from January 2024 onward (December 2023 EMI will be paid in the first week of January 2024).

Note: Before adding and transferring the blocking amount of Rs.25,000/-, please don't forget to call the project director Mufti Umar Sab (7899917414) and make sure that the units are still available. This will avoid unnecessary disappointment and discomfort on both sides of the table. The blocking amount of Rs.25,000/- is non-refundable and can only be transferred to other projects in case of cancellation.

Al-Wahid 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.55,00,000/-
• Current Market Value of the Property - Rs.65,00,000/-
• Value of Property after 24 months (11% YOY) - Rs.80,00,000/-
• Net Return on Investment on asset value - Rs.25,00,000/-
• Percentage Return on Investment after 24 months - 50%

If you are a smart investor, then you will also consider the fact that the cost of the apartment Rs.55,00,000/- is not invested one time. It is invested across 30 months with only 40% upfront payment and the remaining 60% 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.35,000/- 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 (40%) - Rs.22,00,000/- only.
• Keep paying the EMI for 30 months at the rate of Rs.1,10,000/- per month.
• Then recover the rental income of Rs.35,000/- for 94 months.
• From the 126th month onward the ROI on actual investment is 1.55% per month.

Al-Wahid Enclave - Project Developer

The Al-Wahid Enclave project will be managed and developed by Khalifa Ventures under the guidance and supervision of Halal Housing team. This will be the sixth project for Khalifa Ventures under the Halal Housing scheme, the first being Khalifa Residency, Banaswadi, which is currently nearing completion. We request new members to visit all their projects before making the booking. This will instill a lot of confidence on the quality of construction, engineering, workmanship and quality of materials used.

All payments including the initial blocking amount should be made directly to the company Khalifa Ventures account ONLY with clear transaction details. The account details are shared here...

A/C Name: Khalifa Developers

A/C #: 50200079132444

Bank : HDFC Bank Ltd.

IFSC: HDFC0000514

Type: Current Account

For booking and Site visit, please get in touch with the Project Director Mufti Umar Saab (7899917414). 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. Also note we have only a limited number of flats available as many of them have already got booked through word-of-mouth.

Al-Wahid Enclave - Project Architects

This project is designed and conceived by FORTIOR DESIGN STUDIO which is an Architecture and Design studio founded by MOHAMMED YASEEN in 2019. The studio is supported by young professionals and the team is committed to excellence in design. They adopt a distinctive design process that leads to aesthetically and intellectually precise projects and the team believes in architecture that uniquely reflects the values and characters of their clients. Couple of masterpieces created by this company....

Al-Wahid Enclave - Legal Status

At the time of launching the project, the company Khalifa Ventures has entered into an Memorandum of Understanding (MoU) with the landowners for executing the project on a Joint Development Basis. The landowners have already been paid a hefty amount before signing the MoU. From the technical and documentation point of view we are just three simple steps away from starting the construction.

1. Procurement of the latest "A" Katha based on some recent rectification happened in the land records as this is an ancestral property acquired through an auction in the year 1948 (soon after independence). Since then, the landowner's family is in absolute possession of the property. The "A" katha work is already underway and is expected in a couple of weeks from the time of publishing this article.
2. Execution of Release deed within the family members as soon as the A Katha is received. Though this is an optional step in the workflow, we would like to get this done in order to make things absolutely clear and have additional weight-age in the interest of all our members. In parallel to this process, we will also apply for the statutory building plan sanction from BBMP.
3. Execution of Joint Development Agreement (JDA), General Power of Attorney (GPA) and supplementary sharing agreement (SSA). These are standard procedures in any joint development deals. Post execution of the JDA and GPA, we will be entering into the sale and construction agreement with our members. The drafts of these documents will be shared with the members before execution.

Al-Wahid 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 30 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