by Paul Joseph
February 23, 2010
Mumbai: Demand for second home projects is growing at a rate of 10-12%, and to tap this opportunity, top builders are entering into new land deals on the outskirts of metros. These innovative projects offer ample scope for recreation and pursuit of hobbies like golf, water sports facilities and community farming. For example, top real estate companies are signing land deals in certain locations outside Mumbai like Wada, Talegaon, Chakan, Murbad, Alibaug and Lonavala apart from Pune to launch innovative hobbies concept within second home projects. The Lodha Group has recently entered into a land deal in Pune spanning 100 acres for developing a second home project. Abhinandan Lodha, director, told FE, “The new project, which is expected to be launched during March-April 2010, will also include a golf course as adventure sports hobbies concept. As a result, we have earmarked huge investment budget. This is to offer hobbies concept as value addition to end-buyers of second homes owing to buoyant demand.” Due to competitive strategies, Lodha refused to divulge investment details. Adventure sports concept is understood to be developed in locations near to the sea and at green fields, certain developers like Samira Habitat are planning to launch adventure and water sports activities in Alibaug as part of its second homes project, complementing the topography of the region to create alternate entertainment options for their residents, Sameer Nerurkar, its managing director said. Currently, Amby Valley, promoted by Lucknow-based Sahara Group, already offers water sports recreation concept to its members. Apart from Samira Habitat, Hiranandani Constructions is also currently developing second home project in Alibaug. Disha Direct too is entering into new deals for purchasing 500 acre under the Nirvana Scheme at an investment of Rs 100 crore in Wada, Talegaon, Chakan and Murbad. As part of the scheme, on purchase of a 5,000-sq ft plot, customers can become a member of the scheme and avail themselves of a 5-acre land for producing fruits and vegetables. Santosh Naik, managing director – Disha Direct, told FE, “With the move, members of the Nirvana Farms Scheme will have the right to use the land for farming, but will not be able to sell it since this is an agricultural land.” According to Naik, Disha Direct has recently bought 100 acre in Wada with a scheme of 400 plots and another 10 acre for community farming. The company will launch five more such schemes.on the outskirts of Mumbai. A professional team of horticulturist and agriculturist will assist the members of Nirvana Farms Scheme. Supreme Universal too is currently scouting for land in Lonavala, Khandala and Alibaug in order to enter into real estate deals for developing mini township second home projects which will also have community farming, apart from adventure sports as innovative hobbies concepts, Sunny Bijlani, director, Supreme Universal said. Source:http://www.financialexpress.com/news/realtors-homing-in-on-hobbies-now/582051/2 Filed under: Builders/ Developers , Mumbai , New projects Tagged: Alibaug , Hiranandani Constructions , Lodha Group , Mumbai , Samira Habitat , Second Home
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by Paul Joseph
February 23, 2010
Naharpar’s first project “Park Grandeura” offered Possession. Naharpar area is one of the fastest growing area of Faridabad and the strategic location of Park Grandeura is a great deal to the end users. Naharpar area is one of the fastest growing area of Faridabad and would set an example for the years to come. Strategically located about 2-3 km from NH-2 (Delhi-Agra Highway) and 3 km from the proposed Taj Expressway, the area is well connected with Delhi on one hand and Noida-Greater Noida on the other. While the capital is facing a space crunch, Faridabad soon-to-be a satellite city is buzzing with multiple integrated and luxurious townships. At present, Faridabad is designated as a high potential territory in view of the light that it is one of the highest revenue generating zones of Haryana. Investors and end users have already set their eyes on this virgin area, which is currently the hottest subject of all real estate talk. In Naharpar area, BPTP Parklands township is easily available at Rs.2000 -2200 per sq. ft. in comparision to Rs 3000 to 4000 per sq ft in Gurgaon and Noida. A feather in the Faridabad realty’s cap is BPTP flagship project “PARKLANDS”. The massive 1415.49 acres of integrated township “PARKLANDS” has started offering possession of their first group housing project, Park Grandeura offers 2, 3, 4 BHK apartments besides Penthouses. Strategically located in Sector 82, just 1.5 Km away from the NH-2 is fully equipped with all the modern amenities like 100% Power Back-up, a sports or Recreational Club, Swimming Pool, Round the clock security etc. The group housing complex has 15 towers with 768 apartments, spread over an area of 17.25 acres. “Parklands”- is the only area in Faridabad fast coming up at the most posh Sector 14-15 of Faridabad, where the property rates are between Rs 50,000 to Rs 60,000 per sq. yds. Many of the known industrialists and business of Delhi and Faridabad are settled there. The presence of world class educational institutions like Manav Rachna University, Lingyas Univ., Apeejay, Modern Vidya Niketan, DPS and G.D. Goenka and Aravalli International School is fulfilling the educational requirement of Faridabad. Renowned hospitals like Sun Flag, Fortis and apollo are within few K.M. range. Local transport like inter-state bus service, local train are easily accessible. The two big mall like SRS and Eldeco Station are fully operational. The other construction players which are doing the development in the area are ERA, Omaxe, RPS, SRS, Vipul, Piyush, Triveni and PAL etc. HUDA has also acquired land in this area and handed over to private developers. Naharpaar, investors fancy: Faridabad and Greater Noida could not have been better linked than Sector 86, which, after the accomplishment of Taj Expressway, would be a 20 minute drive from Greater Noida. Faridabad would find straight access to Noida and Ghaziabad through the 56 km FNG Expressway. The fast development of Badarpur Flyover will provide smooth drive to commuters staying in Faridabad. In the second phase, Metro Rail connectivity to be extended till Sector 12 of faridabad. Infrastructure is one of the most important factors behind any development. With Taj and FNG expressways, Faridabad would be directly connected with Noida and Ghaziabad. Commenting on the development Naharpar area, real estate consultant Akash Kapoor, Kapoor Estates said, “The strategic location of Park Grandeura is a great deal to the end users.” About BPTP Limited: BPTP today is one of the fastest emerging real estate players in the country. The group is engaged in development of residential and commercial projects, retail spaces, townships and IT Parks/SEZs in the National Capital Region. BPTP is a group that represents professionalism, focus and vision. In less than a decade, the group has expertise that can boast of rich experience to deliver world class projects. In major endeavors, BPTP has esteemed partners such as Citigroup Property, JP Morgan and Merrill Lynch. Source:http://www.i-newswire.com/naharpar-s-first-project-park-grandeura/22988 Filed under: Builders/ Developers , New projects Tagged: BPTP Limited , Faridabad
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