Gurugram’s Real Estate Recovery in 2018

Defining the skyline of NCR- Gurgaon

Gurugram was largely responsible for the NCR real estate market making a steady recovery during 2018. The city witnessed large scale developments in the last couple of years – from public infrastructure and housing projects to commercial and retail developments. Infrastructure developments such as the Dwarka Expressway, Southern Peripheral Road, and Rapid Metro which connects areas in Gurugram such as Cyber City and Golf Course Road to Delhi and NH8, are driving Gurugram’s real estate market.

Gurugram has the third-highest per capita income in India. It is this financial muscle that realty developers are looking to capitalise on, and top developers in Gurugram have been fairly successful in doing so, especially after the implementation of the RERA Act and GST. With improved accountability and transparency, more people are returning to invest in this market.

The Haryana Affordable Housing Scheme or HUDA scheme rolled out by the Haryana government in 2013, has augmented the availability of affordable housing projects in Gurugram and other cities in Haryana. It was envisaged as a sincere attempt to provide affordable homes within the limits of the main city, and the implementation of the scheme has been fairly successful. Below we look at these and other factors that shaped Gurugram’s real estate market in 2018.

The Revival of the Gurugram Real Estate Market

Gurugram’s recovery from the jolts of demonetisation, GST and the RERA Act has been a positive one. Market analysis shows that the sector is slowly adjusting to policy changes and recovery can be observed on both the supply and the demand side. According to a report by property consultants Knight Frank, Gurugram witnessed a 35% increase in launches in 2018, and 8% increase in sales from last year. There was also a 15% reduction in unsold inventory indicating that sales and buyer confidence has picked up in the market.

Improved Infrastructure

Improved public infrastructure generally contributes to an improved real estate market. The completion of the Dwarka Expressway has had quite a direct impact on realty prices and general buyer sentiments. Further improvements and enhancements on DEW will boost Gurugram’s realty growth. Upcoming developments such as the Delhi-Mumbai Industrial Corridor (DMIC), and proposed Jewar Airport are also pushing growth in this region. These developments have ensured seamless connectivity from far-lying suburbs to the office and commercial hubs. Consequently, a number of affordable housing projects are coming up in peripheral suburbs where land rates are relatively low.

New Launches by Established Realty Developers

The region of NCR witnessed a 35% increase in the number of units launched, out of which 52% of the units were in Gurugram. Projects that are near-completion or ready-to-move-in apartments are garnering more inquiries from buyers. Established players such as Godrej, Shapoorji Pallonji, Hero, Sobha, etc. have announced a number of launches in 2018 in Gurugram, indicating the rising stocks of its realty market. Additionally, the commercial market in the NCR region has witnessed a 14% growth in leasing and a whopping 86% growth in new launches. Gurugram was also the leader in the absorption of office spaces, accounting for 66% of the absorption in the NCR region.

Push for Affordable Housing Projects

Residential inventory in Gurugram is priced relatively higher than other regions NCR. However, its relatively better infrastructure makes it an attractive market for aspirant homebuyers. To cater to this demand, HUDA launched a number of affordable housing projects in the last 2 years. Under its scheme flats are priced between 15-25 lakhs, with exemption of maintenance charges for up to 5 years and possession promised within 4 years. The flats were allotted through a supervised lottery. This scheme, as documented, has benefited thousands of families and brought the dream of ‘affordable housing for all’ closer to reality in Gurugram.

It is a model, based on a solid foundation that has found success in Gurugram and offers a template for policymakers elsewhere to follow and replicate. Also, trends such as smaller apartment sizes, integrated townships, ready-to-move-in homes are contributing to the sale of affordable housing projects in the city.

Gurugram’s real estate future’s looking brighter in 2019. A number of projects are nearing completion and attracting interest from buyers. As observed, although the first half of 2018 witnessed a rise in affordable housing projects in the Gurugram market, the second half has seen notable developers launching projects above the 75 lakh price band indicating demand for such developments. The improved infrastructure developments have further attenuated Gurugram’s desirability factor.

Both Gurgaon & Noida To Gain Greatly From Improved Infrastructure

(Previously published on 8th Dec, 2018 in the Delhi edition of DNA Property Newspaper.)

Gurgaon and Noida are two of the best planned cities in northern India. They are also very important real estate markets adjacent to South and Central Delhi. Both these twin markets are very versatile in terms of the wide variety of residential choices they offer to investors and end users. These include villas, bungalows, apartments, penthouses and plots. Both, Gurgaon and Noida are also set to gain a lot from the much improved infrastructure around them.

Gurgaon gains a lot from the presence of BFSI, ITeS & Manufacturing sector while Noida has largely ITeS & Manufacturing companies spread across its SEZs. Several MNCs and large domestic firms – Cognizant, Google, Maruti, Honda Motors and many more have operations in these twin cities. As a result of these excellent job opportunities, many young professionals and working families throng to these cities. They also benefit greatly from the top notch schools, colleges & hospitals located here as well as numerous avenues for shopping and recreation; some of the largest malls in the country are located in Noida and Gurgaon.

With the completion of the Gurgaon leg of the Dwarka Expressway travel and connectivity has received a big boost. For residents and office goers in Gurgaon, this will be a big relief. Further enhancements under the Bharatmala Highway Project such as an elevated 23 km stretch of the Expressway, various connections which connect the elevated portion to different parts of Gurgaon, and the tunnel connectivity to the IGI airport will further boost connectivity in Gurgaon. Work on a cloverleaf 500 metres from the Kherki Daula toll plaza will begin soon and is expected to decongest daily traffic at this major junction.

Noida’s big pain point was connectivity to the IGI Airport and Terminal 1, but with the new Magenta line things have become much smoother, as one can get down at Terminal 1 and access all of South Delhi easily. Further extension work of metro till Greater Noida will connect some of the best residential sectors & Peripheral Business Districts in this city. The 56 km Faridabad-Noida-Ghaziabad Expressway (FNG) will further augment road connectivity while the newly inaugurated Eastern Peripheral Expressway provides Delhi-Greater Noida connectivity. The new Jewar airport in Greater Noida is expected to provide an alternate air travel option and ease traffic at the IGI.

Good town planning, excellent multi-modal transport and a growing commercial demand has led to some of the country’s leading developers choosing Gurgaon and Noida for development. Top names including Tata Housing, Sobha, Godrej, Shapoorji Pallonji have now found a stronghold in these markets, while several more are supposedly scouting for land.

Land prices as well as product prices have softened over the last 3 years, this gives a good chance for end buyers and investors to enter this market, the most sought after one in north India.

Real Estate Trends Of 2018 Shaped By Events of 2017: An Analysis

RERA Act 2016

At the start of 2017, the Indian real estate sector was grappling with the after effects of demonetisation which came out of the blue towards the end of 2016. However, 2017 brought even more change in the form of the roll out of Real Estate (Regulation and Development) Act, 2016 (RERA) and implementation of Goods and Services Tax (GST). 2017 will be considered as a watershed year in Indian real estate; a year in which the boys of real estate development were separated from the men, and consolidation took place. It will remain the year in which the Indian homebuyer was given his/her due and place in what was seen as a ruthless sector.

While the majority of the notable real estate trends of 2017 were marked by regulation, some were infrastructural. The metros (both tier-1 and tier -2 cities) have seen the implementation of massive infrastructure projects, which will raise the standard of living in these metros, and as a result draw more people and developers to fulfil this demand. Affordable Housing and PMAY has also given broad hope not just to homebuyers in the lower middle class and low income category but also to developers who have been looking to make inroads into this sub-sector but have lacked the right incentives.

2018 is now underway, and as far as real estate is concerned will be dictated by the upheavals and trends of 2017. Let’s review the year gone by and what it holds for 2018.

RERA Act video
The RERA Act of 2016

Real Estate (Regulation and Development) Act, 2016 (RERA)

It was a long awaited regulation and was expected to be homebuyer-friendly. RERA has introduced many much-anticipated checks and balances to even out the playing field in real estate. Developers have been given space and incentives to adhere to their deadlines and steadily clean up a ‘dirty’ sector. They can now focus on completing under-construction projects and maintain transparency about allocation and usage of funds. Homebuyers on the other hand will have recourse to justice should developers continue to flout the rules.

RERA officials have led the way by ensuring timely approvals and granting registration numbers to projects. Maharashtra has been the standout state in this regard and has set an example for a RERA-fied real estate sector. Most of the other states are struggling to get their act together, however, some like Karnataka and Delhi have finally started issuing RERA approvals. As other state authorities take their cues from these frontrunners, homebuyers can expect timely project deliveries and developers can hope for better housing sector performance in 2018. On the flip side we can also expect to see many more litigations related to RERA in 2018 and for sure these verdicts will bring further clarity in the rules, as pertaining to various states.

Goods and Services Tax (GST)

GST was another long awaited regulation. Meant to replace a bunch of other taxes and streamline the rates on many goods and services across industries, GST shook up the economy. Since its implementation, various iterations were made to different rates. In the real estate sector, under-construction properties are being levied a GST rate of 12% while residential rentals are exempt from GST. Thus, GST brought confusion about application and led to increased prices and delayed possession. This proved to be counterproductive given the opposite effect of RERA. However, some developers took advantage of the situation to push sales of ready-to-move inventory by advertising the attractiveness of such properties sans GST. Moreover, developers are yet to benefit from accruals of input tax credit which can they can in turn, pass on to homebuyers. As this and further iterations happen to various rates in 2018, developers hope the GST rate comes down to stoke homebuyers’ interest in new construction purchase.

How does the GST impact your home buying decision
How does the GST impact your home buying decision (Image credit: Sundayguardianlive.com)

A Cleaner Sector?

Experts as well as critics are unanimous about the winds of change sweeping through the sector. The hope and expectation is that the changes are positive, enabling transparency about capital acquisition and allocation, faster approvals to developers, fewer construction delays and quicker possession for homebuyers. This in turn provides opportunities to developers – big and small – to adopt transparent practices and shed the notorious tag that has dogged the sector for decades. One can say with certainty that trust from customers is something the real estate sector has lacked. This is a big factor in any transaction. With these new regulations, as the grey areas start to fade away, there is hope that developers can begin to earn the trust of homebuyers.

Affordable Housing & PMAY

The Pradhan Mantri Awas Yojana was hailed as an enabler and a welcome government housing scheme. Under this scheme the government rolled out plans in rural as well as urban areas to enable more families to access affordable housing. Projects under this scheme picked up steam in 2017 and in the quarter ended September 2017, home sales increased 5% year on year in the top 8 property markets of the country powered by a 24% surge in affordable housing sales. Significant uptick of 11% was seen in the affordable segment with prices less than Rs 25 lakh. This is attributable to the fact that developers are realising the benefit of increasing supply in a category where demand is driven by financial and fiscal benefits under the ‘PMAY Housing for All’ subsidy scheme.

2018 will see further growth in this particular housing market as the government has approved construction of 112,083 more affordable homes under PMAY with an investment of Rs 8,105 crore. This means the total homes sanctioned under PMAY(Urban) has now gone up to 3,052,828. All of this is good news for developers looking to make a mark in this sector as well as for first home buyers looking for quality and affordable homes.

Indian and Japanese PMs at the laying of the foundation stone
Indian and Japanese PMs at the laying of the foundation stone (Source: The Guardian)

Infrastructure Developments

Across the major cities, huge investments were made in upgrading existing infrastructure as well as installing new ones. This includes expansion of metro projects in Delhi, Bengaluru and Mumbai while Hyderabad will see the launch of metro transport. Additional lines connecting distant suburbs will enhance connectivity and improve travel times and provide better commuter experiences. Simultaneously big ticket projects like the Delhi-Mumbai Industrial Corridor (DMIC), Dwarka Expressway (now provided National highway status), India’s first Bullet Train from Mumbai to Ahmedabad, and the new airports in Navi Mumbai and Jewar are aimed at boosting trade, infrastructure and standard of living across the country. Work on most of these will continue in 2018 and some like the Dwarka Expressway will be completed.

Overall, 2017 can be considered a busy year. It brought upheavals and yet signalled major changes and overhauls in the way the industry was operating. There can be opportunities in change and it is up to the major real estate companies to lead the way even as smaller companies are seen to be adapting quickly and eating into market share. For homebuyers this is a wait and watch period to observe how these changes unravel and what benefits it brings. They also need to focus more on doing their own due diligence and research, before making a decision. Public RERA portals provide access to information like never before thus enabling informed decisions. 2018 is definitely a year to watch out for in Indian real estate.

Mahindra Aura, Sector 110A | Oasis or Island?

Mahindra Aura

Until neighboring Puri Construction’s Diplomatic Greens opened its doors to residents a couple of months ago, Mahindra Aura in Sector 110A had been the only ready-to-move apartment in this part of Gurgaon since 2012. Located close to the erstwhile busy Bajghera Railway Crossing and identified through its remarkable red color by visitors approaching from Palam Vihar, for long Mahindra Aura has stood as a beacon of the new residential hub coming up in Dwarka Expressway. Complete with a shopping complex, well-appointed clubhouse and an active community of over 500 families, this residential complex has strived to be a self-sufficient entity. Notwithstanding the temporary isolation after closing of the nearest railway crossing which connects Sector 110A to rest of Gurgaon, probably an ATM and a school is the only facility not available inside the premises. Around 2-3% of the inventory in 3 and 4 BHK categories, which are part of the last phase to be completed, are still available for sale. Starting price for a 3 BHK would be Rs. 1.35 Crores while that of a 4 BHK (2397 – 2428 sq.ft) is Rs. 1.60 Crores. In resale, this could be 5-8% lower. Asking monthly rent for a typical 2 BHK is Rs. 18,000/- while that for a 4 BHK is Rs. 27,000/-. Although direct connectivity is hindered at this point of time, a plethora of amenities, good maintenance and proximity to sound social infrastructure are a sure-shot USP of Mahindra Aura.

Mahindra Aura : Location & Connectivity

The apartment complex is in Sector 110A Gurgaon, within the residential area of New Palam Vihar. Located right on Bajghera road (also known as Najafgarh Gurgaon Road), which serves as the link between Palam Vihar and key areas of Delhi like Dwarka and Najafgarh, Mahindra Aura is less than a kilometre from Dwarka Expressway. Currently, the access from Palam Vihar is through the railway crossing near Chauma Village, Block H and the one near Sarai Allawardi. When it comes to Mahindra Aura, location and connectivity are foremost concerns that require a detailed discussion.

In order to reach the Chauma railway crossing residents have to take a longer route through Sai Kunj, which has narrow lanes and is generally in sub-optimal condition for the kind of traffic (both light and heavy vehicles) which passes through. Long rows of cars lined up before the crossing are a common sight during peak office hours. Perhaps on a given day, booking a ‘tatkal’ ticket might be easier than finding the Chauma Railway Crossing “open”, or traversing the logjam in less than 15 minutes!

Mahindra Aura
Traversing this railway crossing needs 10-25 minutes
Mahindra Aura
Bajghera Road, which is undergoing widening | Railway flyover under construction

However, the construction of flyover across the railway crossing will bring be a lease of life for the residents as well as large vehicles that used to ply through the Najafgarh-Gurgaon Road. It is believed to be completed by late 2018, as construction work is in full swing. Recently a police station (“Bajghera Thana”) was also established along this road for the safety of residents.

At present, most of the schools, hospitals and recreation centres are located on the other side of the railway track, i.e., in Palam Vihar, which has well-established social infrastructure. It would take another year or two before more options emerge closer to Dwarka Expressway, a declared national highway which would be fully operational by 2020, now that land acquisition issues have also been taken care of.

With respect to connectivity, after completion of the railway flyover, Mahindra Aura would be one of the best in this area. Currently it is 9.8 km from Dwarka Sector 21 Metro Station. Once the Delhi stretch of Dwarka Expressway is ready, this would be reduced to 7.5 km. Additionally, as per 2031 Gurgaon-Manesar Master Plan, a proposed metro station would be coming up barely 500 m from Mahindra Aura’s entrance gate. IGI Airport is 18.3 km with a travel time of 50 minutes.

Mahindra Aura
Alternate routes to exit sector 110A via Sai Kunj | Nearby police station
Mahindra Aura
Surroundings: EWS Block, Sai Kunj and neighboring residential projects

Some of the major centres of education, healthcare and employment easily accessible from Mahidnra Aura are:

  • Schools – DPS Palam Vihar (1.5 km), Swiss Cottage School (2.2 km), Royal Oak School near Sector 109 (2.1 km)
  • Hospitals – Metro Hospital and Heart Institute (1.6 km), Columbia Asia Hospital (2.1 km)
  • Shopping and recreation centres – HUDA Market Sector 23 (3.2 km), Ansal Plaza and Carnival Cinemas (2.2 km), Palam Vyapar Kendra (3.1 km by car)
  • Employment Hubs – Ansal API Corporate Plaza (2.1 km), Infospace Limited (7.3 km), Maruti Udyog in Sector 18 (7.5 km)
  • Hotels – Hyatt Place in Udyog Vihar (6.1 km), Trident Hotel (8.1 km)

The area surrounding the society has several ATMs, pharmacies and convenience stores, along with dhabas and car repair workshops. DLF Cyber City is a 10 km drive via Sushil Aima Marg while IndusInd Rapid Metro near NH 8 is about 9.1 km Upcoming commercial centres in Sectors 104, 109 and Sector 114 would be completed in 1-3 years from now.

Though the access has been compromised at present due to temporary closure of the nearest railway crossing, the lush landscaping, abundant greenery, and fountains inside the campus offer a huge respite from the chaos outside. It makes us wonder, and justifiably so to a great extent, whether this apartment complex is an island or an oasis?

Mahindra Aura : Project Overview

Covering an area of over 17 acres, Mahindra Aura is a medium-density premium project by Mahindra Lifespace Developers Ltd (MLDL). It has a total of 799 units, distributed across 11 towers, varying in height from 14 to 18 floors. Launched in December 2009, and completed phase wise, the last possession and handover of 4 BHK flats was done in September 2016. Phase 1, 2 and 3, which essentially comprised 2 BHK flats, were handed over as early as 2012.

Mahindra Aura
Canopied main Entrance of Mahindra Aura

Headquartered in Worli, Mumbai, the highly reputed developer has completed over 30 projects in more than 5 cities. A wholly owned subsidiary of Mahindra Group conglomerate, MLDL’s ongoing residential projects include Mahindra Windchimes in Bangalore, The Serene in Alibag (Maharashtra) and Mahindra Vivante in Andheri East (Mumbai) among others.

Mahindra Aura
Segregation at source : separate bins for recyclable and non-biodegradable waste

Having pan-India presence in major cities like Mumbai, Chennai, Pune, Gurgaon, Bangalore, Nagpur, Faridabad, Hyderabad, MLDL has emerged as a preferred developer with its focus on green design and healthy living. MLDL has another luxury-segment offering – Mahindra Luminare in Sector 59 Gurgaon, projected for completion in 2019. Mahindra Aura itself is a platinum rated (highest rating) project, accredited by Indian Green Building Council.

Mahindra Aura : Apartment Types and Prices

The ready-to-move apartments at Mahindra Aura are available in 2, 3 and 4 BHK configurations. Each tower has 4 apartments to a core, served by 2 high-speed elevators of Johnson make. While this is sufficient in blocks with 2 or 3 BHK apartments, at least 3 lifts could have been provided in those with 4 BHK apartments. The table below gives an overview of the sizes and prices of the various types of apartments:

Type of Apartment Size (in sq ft) Price (in Rs.) @ Rs. 6,100/- psf
2 BHK 990 75 Lacs
2 BHK + Study 1198 80 Lacs
3 BHK 1407 – 1615 88 Lacs – 1.1 Crores
3 BHK + Servant Rm 1980 – 2050 1.25 Cr – 1.35 Crores
4 BHK + servant Rm 2397 – 2428 1.55 Cr – 1.60 Crores

There are options for purchasing surface parking slots @ Rs. 3 Lacs per bay, while covered parking in the basement costs Rs. 3.5 Lacs. No PLCs are applied on the base rate as of now. Monthly maintenance charges are levied at Rs. 3.81 per sq ft.

Mahindra Aura
Actual photo of lift lobby and flat interiors

As part of the green design scheme, every room receives ample natural light and ventilation through 8 feet high sliding uPVC windows. The floors are finished in vitrified tiles in common areas and in wooden finish for master bedroom. Sanitary fittings in kitchen and baths are provided by well-known brands like Kohler and Grohe. Modular kitchen or chimneys are not a part of the offering. Duct work for Split ACs would also have to be done by the owner after taking possession.

Mahindra Aura : Amenities Overview

This thriving community of over 760 families has state-of-the art amenities that serves the community needs along with providing a backdrop for social gatherings and interactions. Maintenance of the services and the landscaping is looked after by Cushman and Wakefield, who are the facility managers for the project. Active community life is seen at its best during all festivals celebrated in campus throughout the year. Some of the major amenities provided at Mahindra Aura include:

  • 2-Level Clubhouse – reading room, billiards room, indoor badminton court, Gym, table tennis, kitchen and lounge area
  • Outdoor sports – tennis, volleyball, basketball, cricket practice pitch, skating rink
  • Convenience Shopping centre – retail outlets for grocery, departmental store, and a parlour.
  • Swimming pool with changing rooms inside the club and outdoor deck-seating
  • Central Landscaped garden with fountain and gazebos
  • Large amphi-theatre and variety of seating options
  • 3 kids play areas and a grassy mound
  • Nursery school for kids, soon to be operational
  • Entry lobbies of every tower is served by a guard, providing 3-tier security.

Irrigation of all landscaping is done through treated, recycled water. The same is also provided in the flushing system of the toilets. During winters, hot water is circulated into kitchen taps through rooftop solar water heaters. Charging outposts for electric cars (mandatory provision in green buildings) are also given in select parking lots.

Mahindra Aura
2% of the parking lots are reserved for electric vehicles and have charging stations
Mahindra Aura
Retail hub which has shops for grocery, a departmental store and parlour
Mahindra Aura
One of the 3 kids play areas near Tower-I
Mahindra Aura
View of central landscaped garden, grassy mound (left), amphitheater and sports facilities

Conclusion

Mahindra Aura is a premium-segment project offering 2/3/4 BHK apartments at prices within reach. After completion of Dwarka Expressway, there may be some appreciation too. The apartment units are well designed, though at similar prices, most other developers provide modular kitchen and split AC units as well. The value proposition however lies in the fact that it is one of the few ready-to-move properties in this part of Gurgaon. Present accessibility issues aside, it has a fairly good location, and excellent connectivity would be restored after Bajghera Railway flyover becomes operational by 2018. The developers have also made an effort to introduce and maintain sustainable living practices through green building measures.

BPTP Amstoria, Sector 102 | Dwarka Expressway

bptp amstoria sector 102 gurgaon

BPTP, a trusted and acclaimed real estate developers in India are coming up with project BPTP Amstoria. The project is located in a pristine environment at a prime location of Sector 102 Dwarka Expressway, Gurgaon with an excellent connectivity to Delhi and Gurgaon. The project is in close proximity to 150 m Northern Peripheral Road and proposed Diplomatic enclave in Dwarka and minutes away from T3(International Airport), Delhi via Northern Periphery Road. The project is spread over an area of 200 acres defining sheer luxury, A township beautified with ornate water bodies and blend of comfort designed under a cluster living concept with large parks.

bptp amstoria sector 102 gurgaon
View of lobby in the sample flat

The project is offering spacious and skillfully designed variants in categories like 3 BHK and 4 BHK Country Floors along with 4 BHK and 6 BHK Farm Villas and Residential Land sizes of (300 & 500) sq. yards, that too in different sizes to fit into each individual family size and is likely to be completed by September 2017. Key additions to the project are a truly lavish club house spread over a sprawling area of 1,00,000 sq. ft. with top of the line amenities and an artificial lake within the community is likely to add value to the enhanced ambience of the project. The whole area is a buildup community so there won’t be any vacant plots once residents starts moving in. The project is well equipped with all the basic amenities to facilitate the needs of the residents. The site is in close proximity to various civic utilities.

BPTP Amstoria: Location and Conveniences

The project is in close proximity to numerous conveniences including Ocus Medley Shopping Complex, ESI Hospital Bus Stop, ESIC Model Hospital, Blue Bells Public School, Kopcha 56 Resturant and Reliance Fresh as located within 5 Km radius from the project location. The project is also quite well connected to Metro Stations and shopping complexes, IFFCO Chowk (15.8 km) and Huda City Centre Metro Station (15.4 km) while Ansal Plaza is 10.9 Km away from BPTP Amstoria, other health facilities such as Vardhman Medicare Centre, City Surgical and Maternity Centre and Aryan Hospital Pvt. Ltd. are located in 8 Km distance from  BPTP Amstoria.

BPTP Amstoria: Overview of the Project

The project spread over an area of 200 acres Total number of units for Villa: 50, Total number of units for Builder Floor: 300 Total number of units for Residential Land: 507

Project Details: 857 Units 3 Floors
Configurations: Land, Floor, Villa | 3,4,6 BHK

 

BPTP Amstoria : Floor Plan / Price

Independent Floors

Unit Plot

Area

Floor Builtup Area

(Sq.Ft)

Terrace /

Lawn

Basic Sale

Price

3 BHK 250 Sq.Yd Ground 1770 614 ₹ 98 Lac
First 1770 377 ₹ 92 Lac
Secod 1770 377 ₹ 85 Lac
3 BHK 303 Sq.Yd Ground 1999 648 ₹ 1.16 Cr
First 1999 436 ₹ 1.08 Cr
Second 1999 436 ₹ 1.00 Cr
4 BHK+SQ 495 Sq.Yd Ground 3560 1814 ₹ 2.11 Cr
First 2873 607 ₹ 1.64 Cr
Second 2833 607 ₹ 1.54 Cr
4 BHK+SQ 579 Sq.Yd Ground 3712 1997 ₹ 2.23 Cr
First 2979 714 ₹ 1.85 Cr
Second 2979 714 ₹ 1.65 Cr

Chateau Villas

Type Builtup Area (Sq.Ft) Basic Sale Price Availability
Villa 8995 ₹ 5.96 Cr Sold / Resale

Amstoria Plots

Plot Type (SQ.YD) Basic Sale Price (Per SQ.YD)
358.8 ₹ 55,000/-
451.8 ₹ 55,000/-
500 ₹ 55,000/-
800 ₹ 55,000/-

 

BPTP Amstoria: Amenities

BPTP Amstoria is offering a blend of luxurious amenities, The property includes a eco friendly Landscape Garden that can rejuvenate for complete relaxation, for Sports and Fitness freaks the luxurious enclave includes a Badminton Court, Basketball Court, Jogging Track, Multipurpose Court, Spa, Squash Court, Swimming Pool, Table Tennis, Toddler Pool and a Golf Course for all golf enthusiasts. The Entertainment and Socialising area comprises of a Banquet Hall, Barbecue, Billiards, Business Lounge, Community Hall, Gazebo, and a Theatre. The Amstoria Clubhouse is filled with delights like a multi cuisine restaurant, shopping center, an area for indoor/outdoor games, an exotic spa, business center services and water sport activities. It has a wide, well planned streets lines with canopied trees. At life in this awesome dream home, you would never be far from the important places like schools, colleges, corporate offices, restaurants, hotels and the Convenience and Security includes Property Staff, Video Door Security and Wi-Fi Connectivity.

BPTP Amstoria: Conclusion

BPTP Amstoria located in one of the prime localities in the NCR which is rapidly growing. The locality has scenic beauty of nature in its full bloom. The sector is close to Dwarka Express Highway that is known to be connecting it with the rest of the cities and localities around Delhi NCR. The project spread over a sprawling area of 200 acres is concatenated with all the necessities and landscaped gardens and artificial lake adds to most of the scenic beauty that rejuvenates to live life fullest. Also, the proposed Metro line running parallel to this suburb comes up like an advantage to the residents. The developments are reasons for the huge growth in this area in the near future.

M2K Beau Monde, Sector 104 | To start in 2018

m2k beau monde sector 104 gurgaon

M2K India, A well known real estate brand has come up with a project M2K Beau Monde defining sheer luxury surrounded by stunning landscapes and comprising of all the amenities that we desire to live with. Located in sector 104, Gurgaon and designed by Arcop, M2K Beau Monde with its 14 Skyscraper Towers, is offering 3/4/6 BHK Apartments. Spread over an area of 19 acres, the project beckons to make a choice among compact yet spacious apartments, and luxury premium penthouses. The property site is well connected by various modes of transportation and in close proximity to various civic utilities. The construction work on the project is likely to begin next year and is would be completed 3 years hence, in 2021. Revised pricing data for the project would be available shortly. M2K India has also partnered with Adani Realty for their premium project called “Oyster Grande” in Sector 102 Gurgaon.

M2K Beau Monde: Location & Connectivity

M2K Beau Monde is located in the heart of Sector 104, near Dwarka Expressway with its best connectivity to Gurgaon Cyber City,(13.0 km) via Lt Atul Kataria Marg and IGI Airport (23.6 km) via UER II. Metro Stations IFFCO Chowk (10Km) and Huda City Center (9.7Km) are slightly away from project location.

m2k beaumonde sector 104 gurgaon
Internal road that connects Dhanwapur Village in sector 104 with Dwarka Expressway

The project is in close proximity to reputed and well known hospitals namely, Vardhman Medical Care(2.5 Km), Sheetla Hospital and Eye Institute Pvt. Ltd.(4.1Km), Manglam Hospital(6.9Km), etc. Educational Institutions such as Blue Bells School is just 4.7 Km away from the project.

Availability of Banks and Restaurants is quite aplenty – State Bank Of India, ICICI Bank and Induslnd Bank are located with 6 Km radius from the location, while restaurants like KFC, Red Hot Cafe, Khopcha 56, 75 Food Factory are located at a distance of 5Km. Ansal Plaza in Palam Vihar (6.9 Km) is also a one-stop entertainment hub easily reachable from the area.

M2K Beau Monde: Key Features

M2K Beaumonde has apartments with a Green view that has stunning Landscapes designed to give a 360 degree view of pristine nature. In addition to the Ground Floor apartments which have private lawns, a 17,000* Sq. ft. community building(Club) adds an additional speciality. Keeping top-notch security across the property, the apartments would be installed with Smart Intelligent Home Features enabled by FTTH (Fibre to home technology). A Video Intercomm device, Tablet based IP CCTV Security and Surveillance System will also be provided. A 24*7 Power Backup has AMR Energy Management Metering System is installed across the residential area with Energy Conservation Features, Each building has double height air conditioned lobbies, Multi-level Basement & Surface Car Parking with Car Wash and Laundromat Facilities are also taken care off, A modular kitchen having pre installed RO Drinking Water and a piped Gas has been provided in an altogether in the Apartments with a Vastu Compliant layout.

m2k beau monde sector 104 gurgaon
Area in Ram Vihar, Sector 104, where the project is proposed

M2K Beau Monde: Specifications

The Apartments are structured with RCC sheer walls with cement blocks for all walls, lobby flooring and lift wall cladding in Granite/Marble/Engineered Stone, The flooring is done with imported Marble/Granite/Engineered Stone in the foyer, living room, family dining and internal staircase. All the toilets have Marble/Granite/Engineered stone on the floor and walls. The Modular Kitchens would have a Granite platform with stainless steel sink. Branded accessories and tiles would be installed in toilets and other utility areas.

M2K Beau Monde: Apartment Types and Prices

M2K Beau Monde is offering spacious 3, 4 and 6 BHK Apartments and Penthouses under following configurations:-

Tower A,B (G + 17 Floors) & Tower C (G + 14 Floors)

  • 3BHK Units: 1,975 sq.ft. & 2,065 sq.ft.
  • 3BHK + Units: 2,275 sq.ft.

Tower F,G,H,J (G+ 20 Floors) & Tower K (G+21 Floors)

  • 3BHK Units: 1,965 sq.ft & 2,055sq.ft.
  • 3BHK Units: 1,775sq.ft., 1,865sq.ft. & 2,025sq.ft.

Tower D/E (G + 19 Floors)

  • 4BHK + SR Units: 3,470 sq.ft. & 3,560sq.ft
  • 6BHK Penthouse: 8,440sq.ft. + 8,680sq.ft

Tower L,M,N,P (G + 19 Floors)

  • 3BHK Units: 1,775sq.ft. & 1,865sq.ft. & 2,025sq.ft.
m2k beaumonde sector 104 gurgaon
Summit by Godrej Properties, in Sector 104, is less than 1 km from the proposed site

M2K Beau Monde: Amenities

The sprawling luxurious enclave would have numerous amenities that anyone can aspire for. Starting with the Club Amenities, there is an Art Gallery for all the Art lovers, A virtual Golf court for amateur golfers, A Salon & Spa to rejuvenate and keep the mind and soul relaxed. For avid readers and aspiring writers, M2K Beaumonde will be offering a Cafe/Coffee Bar cum Library where one can reconcile their thoughts and write the next masterpiece! Other amenities such as Gym, Aerobics & Yoga Studio, a Swimming Pool, Kids Pool, Stream, Shower and Changing Room with an Outdoor Jacuzzi would be part of the club house. Card Room, Creche & a Mini Theatre, a Multipurpose Hall & Indoor Sports Facilities along with a party lawn are also being provided. For Sports enthusiasts, The Sports Zone comprises of a Lawn Tennis Court, an Amphitheater with a Skating Rink, a Cricket Practise Pitch and an Indoor Games Room with Kids Play Areas. The ‘Activity Zone’ has a Graffiti Wall with an Art & Craft Corner, Music & Dance Corner, Board Games Zone and a Bamboo/Palm Garden that blends comfort with luxury.

Conclusion

Located at a prime location of Sector 104 Gurgaon, M2K Beaumonde is offering lavish conveniences fulfilling a penchant for fine living. It’s luxurious facilities aspire to craft a grand lifestyle for an individual in affordable prices. A variety of homes are being offered to end-users and investors alike in a  relatively pollution-free environment. These areas along Dwarka Expressway are likely to continue attracting many real estate customers for years to come.