Project Overview
| Type of Home | Premium Apartments in a 110 acre gated community. |
| Location | Kondhwa Annex – Pune |
| Size of Total Project: | 955 units total and complex set amidst 110 acre township. |
| Type of Units | 2BHK – 1072 to 1263 sft | 3BHK – 1523 to 1730 sft |
| No. of Floors | 12 stories per tower & 5 towers total. |
| Total No. of Units | 600 units in Phase 1 (sold out) and 355 units in Phase 2 |
| Expected Commencement & Completion Date | Commencement in August 2012 and completion/possession starting March 2014 |
| Sanctions Status | Sanctions under process. |
| Budget Range | 2BHK – Rs.37 to 44 lacs | 3BHK – Rs.53 to 60 lacs. (all inclusive of deposits, registration and stamp duty as on date) |
| USPs | Smart and affordable homes set in Pune’s fastest growing residential hub. Set to become Pune’s most wanted residential suburb due to close proximity to IT parks, international schools (NIBM Road), shopping & commercial districts and more. |
From on of Pune’s reputed and fast growing names in real estate, comes this luxury residential project located on a hillside overlooking a serene man-made lake. Set amidst a meticulously planned 110 acre integrated township at Kondhwa, this project has unique and extensive landscaping by internationally renowned landscapers – with the man-made lake being the project’s highlight. This project offers 2 and 3 BHK apartments in 2 variants each and comes at a very affordable price of Rs 35 lacs onwards. And the location – Kondhwa – is one of latest investment destinations in Pune – aimed more at smart affordable housing which holds a lot of promise for capital appreciation due to its close proximity to the Camp, IT/ITES parks at Hinjewadi, international schools at NIMB Road, numerous commercial and entertainment establishments in surrounding areas and the railway station which is just a 20-30 minutes drive (8 kilometers).
Why invest in Pune?
Pune, also known as the Oxford of east has shown impressive economic growth in the past few decades. Pune boasts of some excellent educational institutes along with key defence institutions. In the last decade a large number of companies have also made their presence felt in the city and several manufacturing and software companies have set up their development centres in this city.
The rapid real estate growth in the city is reflected through the several residential as well as commercial properties that are mushrooming within the city. Along with excellent employment and educational opportunities, good weather and cosmopolitan population are some of the factors that have cause this phenomenal growth in the real estate sector. Industry experts indicate that residential space of around 1.76 million square feet is needed with the real estate sector recording compound annual growth of 51 percent.
Being an educational and IT hub, Pune attracts buyers and developers for residential properties and commercial properties as well. The residential property market in Pune is burgeoning owing to the fact that the city always keeps up its infrastructure with the developments going on in the city. In addition to the economical value of the city properties, governed by aforementioned factors, the pleasant weather, city administration and a cosmopolitan feel of the city also make it popular amongst the buyers.
With the rapid infrastructural development and economic growth, buying a property in Pune has become an excellent investment option. Real estate prices have recorded a consistent appreciation of 25% to 30% year on year. There is a growing demand for intelligent living spaces that provide upscale amenities at affordable prices.
Why invest in Kondhwa?
Kondhwa is among Pune’s most recently developed residential areas, and is said to be a fast growing suburb. It is located in Southern Pune and shares proximity to Camp and the Cantonment areas. Kondhwa has linkages to the Pune Railway Station (11 kms), Pune Airport (18 kms), Hinjewadi IT hub, Swargate bus stand, Kalyani Nagar, Hadapsar and Deccan Gymkhana which are eminent and important areas in the city. Kondhwa is one of those areas where the focus of the new and upcoming projects is more on affordable housing and smart living. The neighborhood and the entire area has been strategically planned to house affordable residential properties as well as premium and luxury residences, while allowing the preservation of all the natural greenery that this part of Pune has been known for.
Koregaon Park is about 20 minutes drive while Pune Mumbai highway is at about 4.5 Kms. Kondhwa is highly self sustaining with schools such as the Delhi Public School, Whiz Kids, shopping marts such as Big Bazaar, More, Reliance World and a number of hospitals in the area. Easy accessibility from Hinjewadi adds to the demand from IT/ITES.
Investing in Kondhwa is a safe idea at this stage. Kondhwa is very affordable at this stage and any investment here holds a lot of promise for the future. Kondhwa is all set to witness appreciation in real estate prices as it is becoming a hub for people moving into this part of Pune.
Feature List
Nestled within a 110 Acre Integrated Township
This project is located within a 110 acre beautifuly landscaped integrated township which has its own man-made lake (naturally formed but extended in size by developer) in the center. This township will house apartments, villas, town houses and bungalows across all 3 segments : affordable, deluxe and premium/luxury segment.
This WiFi enabled township includes an International Standard School, shopping centrer / state-of-the-art hospital and a host of other lifestyle amenities that will make it truley self sustaining. Which means, all your needs are taken care off, without you having to travel to the city.
Locational Advantage :
1. Easy accessibility from Hinjewadi adds to the demand from IT/ITES
2. Near the education center – close proximity to world class educational institutes at NIBM campus and Salunkhe Vihar road.
3. Airport connectivity is good with the Wanoworie to Fatimanagar road leading you to Airport via Koregaon park – Approximately 3.5 kms from the property is Wanworie – Fatimanagar road connecting to Pune Solapur Highway, this road connects to the Empress Garden / Pune Race Course road leading you to the Pune Airport via Koregaon Park and Yerwada
4. Mahalbaleshwar / Satara highway is less than 5 km away -The Katraj junction or rather the other end of Pune – Mumbai Highway leading towards Bangalore / Mahabaleshwar is 4.5 kms away
5. Perfect for shopping – Surrounded by commercial complexes and major retail outlets namely Reliance Fresh, More and many others.
6. Proposed 100 bed multi-specialty hospital within the project campus
7. Indus World School within the township.
8. Just 9 kms from city centre.
Average price of apartments in Kondhwa is Rs.4360 as on date (rates have risen 13% in last 3 months alone) and hence this project, with its unbelievable pricing of Rs.3150/sft, makes it a superb bargain and an excellent investment option.
Type of Homes
This project offers 2 and 3 BHK premium residences with 2 sizes of each, hence 4 options in total. :
2 BHK Residences : 1,072 sq. ft. & 1,263 sq. ft.
3 BHK Residences : 1,523 sq. ft. & 1,730 sq. ft.
Return Matrix
| Capital Investment | |
| i) If taking Bank Loan | Rs.7.8 lacs to Rs.12.2 lacs depending on size. |
| ii) If Self Funded | Rs.39 lacs to Rs.61 lacs depending on size. |
| Investment Period | 2 to 3 years recommended. |
| Expected Target Price | Rs. 3780 minimum by completion in Mid 2014 and Rs.4350 by mid 2015. |
| Return on Investment | |
| i) If taking Bank Loan | 58% by possession and 110% by 1 year after completion. (these are lower end estimates and profit could be much higher) |
| ii) If Self Funded | 20% by possession and 38% by 1 year after completion. (these are lower end estimates and profit could be much higher) |
About the Developer
The developer of this project is one of Pune’s premier real estate developers with offices in India and abroad. The developer aims to constantly and consistently create distinctive and sustainable integrated developments that create vibrant communities and offer a new way of living and working.
For bookings, site visits and more info, please contact :
Mr.Jatinder Singh Paul – 09921582556 – jay@gcglobal.in
