Sobha Meadows- A Plotted Development in Mysuru

Sobha Meadows is a new launch comprising of residential plots in New Electronic City, Mysuru. The plotted development is coming from one of the most trusted brands in the real estate market, the Sobha Group. Known for its remarkable architectural masterpieces, the developer has hosted some of their prominent projects across south and north India, such as SOBHA PalladianSOBHA Dream AcresSOBHA CitySOBHA The Park and The Plaza to name a few.

Sobha Meadows Banner

Advantages of plotted development

Plotted development comprises of a large number of various sized plots. It has been dubbed as a wise investment option owing to a number of reasons, in favour of both- the builder as well as the buyer. The monetization of land and sales pace is faster for plots than apartments. The projects can be completed in much lesser time than what will be required by an apartment or villa project. Plotted developments offer better internal rate of return for developers. There are also limited risks in project execution and approvals come along faster.

From the buyer’s side too, there is a higher investor demand in line with the fact that owning a land is a dream of a sizeable population of our country. The land can be owned individually or jointly along with family members or friends, promoting individual housing.  There is also freedom and flexibility to design and personalize the space due to limited ownership.

Sobha Meadows: Location

Sobha Meadows at New Electronic City is located at an accessible distance from major transport nodes- Mysuru Railway Station being 7.8 KM away and Mysuru Central Bus Station being 9.6 KM away.

Sobha Meadows: Plot Size and Prices

Sobha Meadows will be developed over 5.92 acres of land parcel, with 86 units as a part of the project. The configurations of the plots range between 9:00 MT X 15:00 MT (30 FT : 50 FT)  and 9:00 MT X 12:00 MT (30 FT : 40 FT). The prices of these plots start at Rs.22.99 Lakhs.

Sobha Meadows: Social Infrastructure

The development is located close to necessary social infrastructure such as schools, colleges, hospitals and recreational areas. Schools and Colleges located close-by are: JSS English Medium High School – 3.1 KM, Elegant International School  – 6.2 KM and Podar International School – 6.8 KM. Hospitals are at an accessible distance too, such as Columbia Asia Hospital – 6.4 KM, Apollo BGS Hospitals – 10 KM, St Joseph’s Hospital, Bangalore – 8 KM and Narayana Multispeciality Hospital – 10.4 KM. Recreational and leisure areas such as B M Habitat Mall, Gokulam Main Road – 6.6 KM, Mall of Mysore – 11.3 KM, Forum Centre City Mall – 9.4 KM and GRS Fantasy Park – 3.7 KM are also located close to the project.

Sobha Meadows is also located close to major employment hubs and IT Parks such as Infosys – 3.3 KM, Wipro – 4.8 KM and Hebbal Industrial Area – 3 KM.

 

PMAY Update in 2018: GST reduced on houses under PMAY 

Home buyers availing the Credit Linked Subsidy Scheme [CLSS] scheme under Pradhan Mantri Awas Yojana [PMAY] for purchasing homes can heave a sigh of relief. The GST council has proposed that the Goods and Services Tax prevailing on these homes will reduced.

All under construction projects which are a part of CLSS will see a 4 percent cut in GST and will be charged at 8 percent instead of 12 percent.

Buyers who do not qualify for CLSS will continue to pay the same i.e GST at 12 percent for the same house.

Low-cost housing projects, where the maximum carpet area of units is 646 sq.ft. and have been given infrastructure status as per affordable housing definition, also fall under this GST benefit.

There has also been a change in the carpet area of houses for Middle Income Group falling under PMAY. In November, the cabinet approved that for:

-MIG-I category, the unit size was increased from 90 sq.m. to 120 sq.m.

-MIG-II category, the unit size was increased from 110 sq.m to 150 sq.m.

* Update as of June 12, 2018*

Earlier the eligibility of carpet area was 1291 sq. ft. for MIG-I and 1614 sq. ft. for MIG-II. This has now been enhanced to 1722 sq.ft. and 2153 sq.ft. 

The reduction in GST along with the interest subvention scheme will result in a significant amount of saving for buyers while purchasing homes under PMAY-CLSS. These segments of home buyers are price sensitive and even a small change makes a considerable impact on their budget and hence influences their decision to buy a home.

This scheme is expected to convince developers to pass on their savings in terms of Input Tax Credit on construction, raw materials to home buyers, reducing the actual rate they have to pay for their home.

 

Bengaluru Home Habba – Be There between 15-17 December for Year End Sale on Homes.

The Puravankara Group known for its professional business practices is one of the most renowned names in the real estate sector over the past 4 decades. They have an undoubtedly enviable brand image that has made them one of the most sought after names. The Puravankara Group is led by Mr. Ravi Purvankara and is head quartered in Bangalore. The real estate company is backed by prominent investors and is listed on Indian stock exchanges. After having built a strong foundation in Bangalore with popular projects such as Purva Riviera and Purva Venezia, the company has ventured into various geographies in West and South India.

Apart from Bangalore, they have a business presence in Mumbai, Pune Chennai, Hyderabad, Kochi, Coimbatore and Dubai. The company runs a premium housing segment under the brand name Puravankara. A budget housing venture is run under the name Provident. Puravankara caters to projects that are above 60 lakhs and Provident caters to projects that are 60 lakhs or below.

Provident Sunworth
Provident Sunworth

They were ISO 9001 Certified by DNV in 1998 and have a DA2+ rating by CRISIL. With 23.5 million square feet of land consisting of 48 completed residential projects, 2 commercial projects, and another 25 million square feet under development, it isn’t surprising that Puravankara is such a trusted name.
Few of their prominent projects would be Purva Palm Beach and Purva Westend, Purva Coronation Square, Purva 270 in Bangalore, Purva Siver Sands in Pune.

Purva Palm Beach
Purva Palm Beach

The Puravankara Group is a very consumer centric real estate developer and they always put their consumers’ interests and needs first. Keeping this in mind, Puravankara is coming up with the Home Habba between 15-17 December.

The fest gives an opportunity to choose from ready and under construction portfolio of both Puravankara and Provident at discounted prices, easy finance schemes and other freebies. The fest will take place in Bangalore at M R Convention Hall. For further information please check out the following link:

http://www.providenthousing.com/bangalorehomehabba/

Ashar Sapphire on Kolshet Road

The first tall building that falls in our line of sight while driving down Kolshet Road, is the upcoming project, Ashar Sapphire. The standalone residential tower, along with the commercial building Millenia, together is called Ashar Sparkle. Built by the Ashar Group, Millenia too is a landmark building located on the service lane of Ghodbunder Road.

The project offers 2 and 3 BHK apartments with prices ranging from INR 1.25 Crore to INR 1.95 Crore. The under construction project will be available for possession in December 2019. Read on to find what the project has to offer. The RERA registration number is P51700007389.

Ashar Sapphire: Location

The site for Ashar Sapphire is located only a few metres into Kolshet Road. Located approximately 7 kms away from Thane station, the Kolshet road acts as a bypass road to Ghodbunder road. The close proximity of the area to Eastern Express Highway makes connectivity to road networks easy. Also, looking at the location futuristically, it will be in close proximity to the new proposed metro line from Wadala to Ghodbunder Road and also the Monorail project, Thane-Bhiwandi- Kalyan MRTS. Thus, it is well connected by road and rail networks to different parts of the city.

Ashar Sapphire: Approach Road
Ashar Sapphire: Approach Road
Ashar Sapphire: Approach Road
Ashar Sapphire: Approach Road

Ashar Sapphire: Social Infrastructure

Its location being the ultimate USP, all the nearby schools, hospitals, malls and other social amenities are easily accessible and are available at a convenient distance from the site. Healthcare facilities such as Jupiter Hospital (2.2 kms), Shree Sai Hospital (2.1 kms), Lifeline Hospital (3.5 kms), Qi Spine Clinic (1.7 kms) and Bethany Hospital (3.3 kms) are located near this site. Educational institutes such as Smt. Sulochanadevi Singhania School (2.9 kms), EuroKids (3.6 kms), Little Flower High School (3.6 kms), and Holy Cross Convent High School (4.0 kms) are also located at an accessible distance. Various shopping malls like R-Mall ( 850 metres), Korum Mall (2.8 kms), Viviana Mall (2.3 kms), and Eternity Mall (4.6 kms) can also be accessed easily for utility and leisure purposes.

Ashar Sapphire: Amenities Overview

Another USP of this project is that all the available recreational amenities are exclusively available only to the 200 families residing here. There are green open spaces on multiple levels. For fitness and workout sessions, a fully equipped gymnasium has been provided to the residents. The children’s play area is vehicle free, keeping the safety issues of children in mind. Senior citizens prefer spending their leisure time amidst nature. For them, the lush green senior citizen zone is the place to be. There are also provisions for indoor games such as carrom, chess, snooker etc. For toddlers, a separate spacious play area and pool has been provided. For events such as birthday parties, etc.,  the residents can avail the facilities of the multipurpose hall in the premises itself. Also, for security purposes, a CCTV security system has been installed.

Ashar Sapphire: Building Layout

Ashar Sapphire is a 27 storeyed standalone tower having 2 wings, A and B. Apartment configurations of 2 BHK and 3 BHK are available here. There are eight apartments on each floor, which includes four in the A-wing and four in the B-wing along with 4 lifts and 2 staircases. On every floor, four apartments with a configuration of 2 BHK and four apartments with a configuration of 3 BHK are available.

Ashar Sapphire: Building Under Construction
Ashar Sapphire: Building Under Construction
Ashar Sapphire: Building on the Left
Ashar Sapphire: Building on the Left
Ashar Sapphire: Building on the Left
Ashar Sapphire: Building on the Left

Ashar Sapphire: Apartment Layout

The apartments have a standard, well-spaced design with separate wardrobe niches for the bedrooms which gives a clear usable rectangular area. The 3 BHK apartments have a separate area dedicated for dining, which is adjacent to the kitchen and is convenient as the two have interdependent functions.

Ashar Sapphire: Carpet Area and Price

Apartment Configuration Area Price
2 BHK 660 sq. ft. INR 1.25 Crore- INR 1.38 Crore
3 BHK 927 sq. ft. INR 1.77 Crore- INR 1.95 Crore

 

About the Builder

Ashar Group was established in 2002 and is now considered one of Mumbai’s renowned property development firms. They have made contributions in the field of construction, education, IT-parks, retail and infrastructure. Some of their residential projects are Ashar Maple in Mulund, Ashar Grape City in Nashik, Ashar 16 in Thane. Ashar Tiara, Ashar IT Park, Ashar Millenia, and Ashar Bellezza are some of their commercial projects in Thane.

One Hiranandani Park in Brahmand at Ghodbunder Road

It is hard to miss the towering buildings of Hiranandani One Park while travelling on Ghodbunder Road in Thane. The project is located right off the service road, which is one of its major USPs. The other is not a difficult guess either. The real estate sector calls for brand name and trust. Both are a check for project One Park, which is being developed by the Hiranandani Group.

One Park by Hiranandani Group is an upcoming residential project on Ghodbunder Road, Thane. There will be 8 towers having apartment configurations of 1, 2, 3 and 4 BHK. The prices of these apartments range from INR 95.5 Lacs to INR 4.71 Cr. The possession date of the project is December 2019. The RERA registration number of the project is P51700000129.

Hiranandani One Park: Location

Hiranandani One Park: Approach Road
Hiranandani One Park: Approach Road

Hiranandani One Park is located on the Ghodbunder service road, at Brahmand in Thane West. The 20 km long stretch of Ghodbunder Road, also known as State Highway 42, runs through Thane district and links the Eastern and Western Express Highways of Mumbai. It connects Thane district to western suburbs of Mumbai like Mira Road and Borivali. City buses like BEST (Mumbai City Bus), TMT (Thane Municipal Transport), NMMT (Navi Mumbai Municipal Transport), MBMT (Mira Bhayander Municipal Transport) and VVMT (Vasai Virar City Bus) provide for a convenient transportation system.

Hiranandani One Park: Approach Road
Hiranandani One Park: Approach Road
Hiranandani One Park: Approach Road
Hiranandani One Park: Approach Road (Highway)

Hiranandani One Park: Social Infrastructure

Being on the Ghodbunder Road, various social amenities are conveniently accessible from the site. Healthcare facilities such as Hiranandani Hospital (1.2 kms), Titan Hospital (900 metres), Qi Spine Clinic (3.4 kms) and Currae Hospital (1.5 kms) are located nearby. Educational institutes like Hiranandani Foundation School (1.8 kms), Universal High School (1.7 kms), Arunodaya Public School (3.6 kms), New Horizon Scholars School (3.1 kms), Saraswati Vidyalaya High School And Junior College (2.6 kms) are at an accessible distance from the site. Shopping malls and recreational amenities such as D-Mart (2.6 kms), Hypercity Mall (3.6 kms) and Suraj Water Park (2.6 kms) are also located nearby.

Hiranandani One Park: Site Layout and Amenities Overview

There are 8 towers, namely Barrington, Clifton, Cloverdale, Eagleton, Fairway, Hampton, Preston and Willowcrest. The towers are not inter-connected which results in more open area pockets.

Hiranandani One Park
Hiranandani One Park

There are provisions for many recreational amenities here. The jogging track will allow residents to enjoy a leisure walk with their families or a brisk workout. If one needs some time away from the monotonous daily routine, there is a yoga and meditation area to give residents the much needed peace of mind. The outdoor tennis courts and basketball court are eye catching facilities for sports lovers. After a rigorous day, a dip in the swimming pool would be the perfect way to relax, which is also available here. The club-house includes various indoor sports, a squash court, and gymnasium. For those who like to mix fitness with dance, aerobics has also been made available in the club house. For children, a kids’ play area has been laid out.

Hiranandani One Park: Apartment Configuration & Price

The 8 premium towers provide apartment configurations ranging from 1 to 4 BHK.

Apartment Configuration Tower Name Area (in sq. ft. as per RERA) Price (INR)
1 BHK Cloverdale, Fairway 435 95.55 lacs onwards
2 BHK Cloverdale, Fairway 505 1.12 Crore onwards
3 BHK Barrington, Preston, Clifton, Willowcrest 1033-1305 2.23 Crore – 2.88 Crore
4 BHK Eagleton, Hampton, Willowcrest 1563-2163 3.41 Crore – 4.71 Crore

 

Hiranandani One Park: Building Layout

Tower Name Apartment Configuration No. of Apartments (each floor)
Cloverdale, Fairway 1BHK

2 BHK

4

4

Total- 8

Barrington, Preston, Clifton 3 BHK 4
Eagleton, Hampton 4 BHK 2
Willowcrest 3 BHK

4 BHK

2

2

Total- 4

All the towers are 29 storeys tall. Towers Cloverdale and Fairway have 4 lifts and 2 staircases on every floor, whereas all the other towers have 3 lifts and 2 staircases.

Hiranandani One Park: Building under construction
Hiranandani One Park: Building under construction
Hiranandani One Park: Buildings under construction
Hiranandani One Park: Buildings under construction

Hiranandani One Park: Apartment Layout

The apartments are spacious, have a well-designed layout and separate wardrobe niches for the bedrooms.

The 4 BHK apartments have 6 toilets which include 1 for each bedroom, 1 guest toilet as well as 1 servant’s toilet. The master bedroom also has a walk-in wardrobe. The 3 and 4 BHK apartments have a provision of a deck for leisure purposes, which ranges from 4 to 6 feet.

About the Builder

The Hiranandani Group was founded in 1978 and is one of the leading developers in the Mumbai realty market. Some of its well-known projects are Hiranandani Estate in Thane, Rodas Enclave in Thane, Hiranandani Gardens in Powai, The Walk in Thane, Hiranandani Meadows in Thane, and Hiranandani Heritage in Kandivali. The Hiranandani Foundation schools in Thane and Powai are the educational institutes set up by them..

Godrej Emerald at Ghodbunder Road in Thane

What reasons help you, as a consumer to narrow down to a particular property after going through the myriad of options available these days? Is it the developer name, location, amenities, surroundings or proximity to nature? If I told you Godrej Emerald met the above criterion, would you want to know more about it? Read on to find what the project has to offer.

Emerald by Godrej Properties is an upcoming residential project on Ghodbunder Road, Thane. There will be 7 towers having apartment configurations of 1.5, 2 and 3 BHK. The prices of these apartments range from INR 77 Lacs to INR 1.6 Cr. The possession date of the project is June 2020.

Godrej Emerald: Project Location

Godrej Emerald is located in the lap of lush green landscapes, near Gaimukh Gaon at the end of Ghodbunder Road. The location facilitates exquisite views of the Gaimukh hills, a rare feature in today’s cities of concrete jungles. Gaimukh Gaon, which can be translated as ‘mouth of the cow’, is a small village. It is also a popular pilgrim centre, and comes alive on Mahashivratri, as it has a temple dedicated to Lord Shiva.

Godrej Emerald
Neighbouring residential projects as seen from site
Godrej Emerald
View from the site
Godrej Emerald
View from the site

The 20 km long stretch of Ghodbunder Road, also known as State Highway 42, runs through Thane district and links the Eastern and Western Express Highways of Mumbai. It connects Thane district to western suburbs of Mumbai like Mira Road, Borivali and also Vasai and Naigaon. City buses like BEST (Mumbai City Bus), TMT (Thane Municipal Transport), NMMT (Navi Mumbai Municipal Transport), MBMT (Mira Bhayander Municipal Transport) and VVMT (Vasai Virar City Bus) are a part of the transport system here. There are four flyovers present on the arterial road i.e. at Waghbil, Patilpada, Manpada and Kapurbawdi, which have eased vehicular traffic.

Godrej Emerald: Social Infrastructure

Godrej Emerald provides convenience of access for its residents to many quality educational and healthcare institutions. Schools such as  New Horizon Scholar School [3.5 km],  Saraswati Vidyalaya High School [4 km],  Dnyan Ganga Education Trust [3.3 km],  D. G International High School [3.3 km] and  Hiranandani Foundation School [5.7 km] are located near the site. Titan Hospital [6.4 km], Shree Sai Hospital [6.2 km], Vedant Hospital [1.9 km], Hiranandani Hospital [5.9 km] are among some reputed healthcare facilities at an accessible distance.  The project is close to many popular malls and recreational amenities such as D-Mart [3.3 km], Hypercity [2.4 km], R Mall [7 km] and Blue Roof Club [1.2 km].

Godrej Emerald: Site Layout

The project stands on a 6.5 acre land parcel. The 7 towers, which are each 28 storeyed, surround the central recreational space.

The site layout for Godrej Emerald has been interestingly designed. The recreational area has an elevated circular walkway that runs through the entire central area, called the Canopy Walk. The design also embodies other interesting architectural elements like a pergola, which covers the swimming pool area.

Godrej Emerald
Ongoing construction- July 2017

Godrej Emerald: Apartment Layout and Price

The apartments have a standard, well-spaced design, with separate wardrobe niches for the bedrooms. The 2 and 3 BHK apartments also have a separate foyer area at the entrance and a 1 metre wide useable balcony. The rooms have well finished vitrified tile flooring, while the kitchen has ceramic tile flooring. Apartments are available in the following configurations:

Apartment Type Area (in sq. m) Price (in Crore Rupees)
1.5 BHK 43.64 to 45.46 0.77 onwards
2 BHK 57.68 to 59.84 1.09 onwards
3 BHK 76.78 to 85.45 1.63 onwards

 

Godrej Emerald: Amenities

There are several options for recreation and leisure in Godrej Emerald. Out of the total area of the site, 2.5 acres has been dedicated for recreation.

The clubhouse has several facilities like an indoor squash and badminton court, a library, a poolside café, martial arts arena, aerobics/zumba arena, yoga corner, table tennis, gym, steam room, business centre, home theatre, crèche area and a wifi enabled zone.

The recreation ground has an amphitheatre which can accommodate 250 people. It also has a swimming pool, multipurpose play court, box cricket, skating rink, party lawn, bird house and an organic farm. Residents can also experience nature walking on the path which goes around these facilities.

The podium has a children’s play area, semi covered pavilions, seating areas, multiple life size games, jogging track, viewing gallery, rock climbing wall, open gym, tree house, meditation pavilion, hammock zone, a sand pit for kids, acupressure walkway, senior citizen’s area and an outdoor dining area as well.

Conclusion

Godrej Properties is known for its homes built for various customer segments with Godrej’s trademark-quality. It has carved a niche for itself in various cities across India. In Mumbai, projects like The Trees in Vikhroli, Serenity as well as Central in Chembur, fall under their name. Emerald looks like a promising residential project for people who wish to reside in the city yet experience closeness to nature with delightful views from their homes. It is a project replete with multiple amenities and various apartment configurations for all budget segments.