Bestech, the firm behind numerous residential projects at Gurgaon and famously associated with Parkview series of group housing projects has announced soft launch of Bestech Parkview Altura. Gurgaon as a property market has been growing radially as its central business and residential districts of Golf Course Road, MG Road and Golf Course Extension road have gone out of reach of middle class home buyers. Also Gurgaon continues to see interest of corporations and in recent times start ups for business set up and expansion. Prime employers in Gurgaon include Maruti, Hero Honda, McKinsey, Genpact, Google, TCS amongst others. Keeping future demand and demographics in mind Gurgaon’s current master plan include areas along Dwarka Expressway and beyond as part of the future city. For those who know this geography, New Gurgaon is a region sandwiched between sectors along Dwarka Expressway and Manesar.
Amongst these is sector 79 which is located on a proposed 60 meter road which takes off from National Highway 8. I took a left at the second flyover post the Kherki Daula toll booth while driving from Gurgaon to Manesar to approach the sector. Several apartment projects are under construction in this area which is now being called New Golf Course road, for it has 4 operational golf courses along it. These include one at Karma Lake Land, Tarudhan Valley, Golden Green and ITC Classic Golf Course. The concentration of schools and hospitals is more towards Manesar and these can be accessed within 15-20 minutes of drive from the project. The reputed schools include DPS Manesar, Ompee World School, Bal Bharti Public School and hospitals that lie in vicinity of project site include Rockland Hospital, Yashlok Medical Centre and Life Care Hospital. Like various developing nodes, work on which has now gained pace, this 60 meter road on which Sector 79 is located will get linked to Southern Peripheral Road (SPR) and eventually to Golf Course Extension Road. Also with Dwarka Expressway development in an accelerated mode (recently declared a National Highway) now, Sector 79 will gain a quick connectivity to it as well. Bestech Parkview Altura will be on the 60 meter main road and further be flanked by 24 meter roads at its boundaries. The project is coming up on a 10.1 acre land and there are about 500 apartments in the complex. These are all premium 3BHK, 3BHK+Servant and 4BHK apartments. Sizes of these vary from 2000-2675 sq ft. The 3BHK+Servant is about 2150 sq ft in size.
Soft launch price is about Rs. 5,200 per sq ft of saleable area. At this rate the all-in price of the smallest configuration apartment will be about Rs. 1.25 Cr. There is something to cheer for the buyers looking at this property. Probably for the first time ever the firm has introduced possession linked plan (PLP) during the launch for a chosen few buyers. Those concluding a transaction will have to shell out 25% of property price within 4 months of purchase, remaining 25% will be due at completion of structure (about two years away) and last instalment of 50% will be due near handover by developer.
There are 7 towers of G+17 or G+18 structure and each will have 4 apartments on every floor. In the typical format that Bestech now seems to have mastered, all the towers will come on the periphery of the project site. Such a lay out frees up central area for landscaping and amenities and thus the name Parkview. Close to 75% of the land will be for these purposes and habitable towers will only be on 25% of the land. The almost fully fitted Parkview Altura homes by Bestech will come with air conditioners in the entire apartment, marble flooring throughout living, dining and bed rooms and modular kitchen. The club house will come with a gymnasium, squash court, board games, tennis table and hall. A basket ball court, two tennis courts and one swimming pool will be available in complex for those who follow these games or developing interest in them.
Bestech Parkview Ananda
With Parkview Alturas launch Bestech has hit the Gurgaon property market with a new product after a span of 3 years. Global real estate investor and investment bank, J P Morgan is an investor in this project. The firm delivered Bestech Parkview Ananda at Sector 81 in the year gone by. Other noteworthy projects by firm include Bestech Parkview Spa in Sector 47, Bestech Park View Spa Next in Sector 67, Bestech Park View City-1 and Bestech Park View City 2 on Sohna Road. Bestech is one of the few in this sector which has largely stuck to delivery and quality schedules and thereby it enjoys a strong brand recall with consumers (Read about the brand Bestech).