Showing posts with label property price in Gurgaon. Show all posts
Showing posts with label property price in Gurgaon. Show all posts

Friday, June 22, 2007

Vatika Group Launches Vatika City in Gurgaon


Vatika Group, one of the leading groups in real estate and hospitality, launches it first group housing and project- Vatika City. Vatika City will be the largest ever group housing development in Gurgaon.

Located on the Sector Road, passing through the DLF Golf course on one side and the main Gurgaon- Sohna road on the other side, Vatika City will be one of the well-connected housing societies in Gurgaon. Just a few minutes drive away from the Malls and other places of commercial interest, the Vatika City will provide quick and easy accessibility to its residents. Also on completion of the Gurgaon Express Highway, the project will be only 15 minutes drive away from Delhi.

Spread over 53 acres of land, the City will feature a series of Low-rise, Mid-rise and High rise buildings offering over 1800 apartments in combination of two, three, four bedrooms, five bedrooms, duplexes and pent houses with complete facilities. Designed by studio u +a, London in association with Spazzio, Vatika City will be a synthesis of contemporary design, traditional landscapes and understated elegance. All the apartments will have abundance of natural light and fresh air and will also overlook a picturesque garden. The interiors of the apartments are elegantly structured, fitted with best possible amenities to make a modern day living convenient. To enhance the comfort of the residents, all the apartments are equipped with fitted kitchen, ample storage area and service balcony. The Duplex, based at the ground level in the Low-rise cluster will also have their very own sunken garden. Terrace gardens will an added feature of the penthouse duplexes. Other features like power back up, shuttle transport service will also be extended to the residents As a fully planned township, the Vatika City will also have various other facilities available only to the residents. Facilities like Needs Super Market (a convenience shopping centre), a club house, a health club, an outdoor sports complex, ABN AMRO ATM, a restaurant, a coffee shop, a polyclinic, a nursery cum creche, an ampitheatre, a community hall, a library to name a few will be available in Vatika City.

Vatika City will also have option to customise the finishes of the apartment, as per the buyer's requirement. Overall, a buyer will be given four different sets of specifications to choose from. He can either choose from the existing options or even go for a mix and match combination, which best suits his style and need.

Mr. Gautam Bhalla, Executive Director, Vatika Group, " Today people want complete finished houses, which blends in with their style and tastes. Nobody prefers to buy a house and redo the finishes in the house. Keeping this thought in mind, at Vatika City, we are offering homes where the buyer decides the kind of finish he wants."

Vatika City will be developed in such a manner to provide green cover to the residents. Out of the total covered area of 53 acres, only 18 acres would be used for construction and rest will remain as green area. The Green area would showcase mature landscaping with a balanced mix of saplings, lush green trees and water bodies. Also as a special feature, all the City residents will have access to 1.25 acres of communal farmland to grow there own kitchen vegetables.

Parking feature has also been given major importance and the city will have two level basement parking and will offer car parks in the ratio of 2 car parks for every apartment.

Source://Indiatimes

Monday, June 18, 2007

Realty Funds Hot On Commercial Property in Gurgaon


Residential property prices in Gurgaon are seeing a downside but realty funds remain hot on commercial property in Gurgaon. UK-based 'Trinity Capital' has invested over 37 million pounds in IT SEZ, reports CNBC-TV18.

Foreign money continues to find its way to Indian real estate. UK-based Trinity Capital, a 250 million pound fund managed by Trikona Capital and listed on the alternative investment market, has acquired a 49.4% stake for over 37 million pounds, in Luxor Cyber City. The two will develop an 8.2 million sq ft Special Economic Zone in Gurgaon.

Of the total space, 4.9 million sq ft will be used for IT and IT enabled services, while 3.3 million sq ft will be developed for supporting infrastructure, such as residential projects, schools, hospitals, and entertainment zones.

There is a demand of about 16 million sq ft of IT and ITES space in Gurgaon, as against a planned supply of only about 8 million sq ft. Trikona Capital expects significant interest from IT and ITES companies for this project and hopes to reap a return of over 25%.

While the project is scheduled to start by the end of this year, it is expected to be completed by June 2012. Besides the land cost, the development value for the project is expected to be approximately 204 million pounds. Over the last one year, Trikona invested more than 150 million pounds in Mumbai and Greater Noida. Trikona is now looking to invest over 500 million pounds a year, for the next four to five years, in Indian real estate and plans to develop 50 million sq ft.