Eldeco Group has been a foremost developer in the NCR and certain parts of Punjab and Uttar Pradesh. It was one of the firms to have developed a gated villa community at Gurgaon much before others. The developer expanded to Neemrana with Eldeco Eden Park and Eldeco Hill Side, much ahead of others in the business, pre-empting the growth this region has been witnessing for all the right reasons.
Neemrana- The Offering
Neemrana is renowned as one of the fastest growing industrial and residential hub of India. Behind the massive development that Neemrana is seeing is the Delhi Mumbai Industrial Corridor under which Neemrana is being developed as a key industrial destination. The development of Neemrana as a part of the Khushkera-Bhiwadi-Neemrana node will make the region easily accessible by the western and northern Indian markets. The entire node is being developed into an integrated township termed the- ‘Global City’ that spreads across 165 sq kms and will be a future city of not only industrial but equally leveraged residential and educational hub. The availability of land and existing infrastructure has paved the way for Neemrana becoming an emerging destination for investment for both industries and real estate sector.
The mini Japan of NCR
The status of industrial hub was envisaged for Neemrana when the Rajasthan State Industrial Development and Investment Corporation (RIICO) developed a 3,500 acre of industrial park with a special mention to the Japanese Zone which is being developed by the Japanese External Trade Organization. A few of the major Japanese manufacturers that are operational out of this region include Mitsubishi and Daikin. A MOU has also been signed between the RIICO and the South Korea Trade Promotion Agency (KOTRA) to set up an exclusive Korean Industrial zone spanning over 250 acre in Ghilot, Neemrana. It was just time that following the industrial and subsequent employment growth real estate demand will also take off. The Eldeco Group sensed the pent up demand for residential apartments that followed the economic advancement of the region. That’s what led to the conceptualization and creation of Eldeco’s Eden Park at Neemrana.
Eden Park caters to a variety of needs, including independent villas, low rise apartments, mid-rise and high rise apartments.
Eldeco Eden Park- Highlights
The low rise apartments are floors starting from Ground to Third floor where the Third floor comes with the terrace and the Ground floor comes with the lawns.
The sizes available for 2BHK in low rise include 1074 sqft, 1063 sqft and 1098 sqft and the price range for these apartments falls between Rs. 32 to 46 lakh rupees. The size options for 2BHK+Study includes 1253 sqft, 1277 sqft, 1243 sqft and the cost for these 2BHK+S apartments ranges from Rs. 38 lakh rupees to 45 lakh rupees. The studio apartments at Eldeco Eden Park start at Rs. 17 lakh onwards and provide following options – 557 sqft, 570 sqft and 574 sq ft. The studio apartments have been configured into mid-rise towers with height lasting upto 8 floors.
The villas are lavish and are built on plots of 160 sq yards and 200 sq yards with option of room variants ranging from 2BHK plus store and puja room to 5BHK plus store and puja room. The built up area for villas at Eldeco Eden Park ranges from 1625 sqft to 2364 sqft and these space centered villas are priced at Rs. 80 lakh rupees onwards.The high rise category includes 2BHK and 2BHK+Study apartments with sizes ranging from 956 sqft to1135 sqft respectively and prices starting from Rs. 28 lakh rupee onwards. Possession was offered to residents at Eldeco Eden Park in the year 2015 and families have already started residing on this 22 acre of planned development.
Amenities at Eldeco Eden Park
Eldeco Eden Park is well facilitated by a number of amenities that match to the standards of projects in Gurgaon and Noida (read about Aamantran @Noida).
The project features a fully functional clubhouse that comes with a swimming pool and gym. The gated community has been provisioned to support a number of sports activities. The power backup and parking facilities have also been taken care of. To cater to the daily needs of the residents, the project also houses a daily needs shopping facility.
The future ready city – Neemrana
The Government is doing its bit in developing infrastructure in the area so as to facilitate housing. The Urban Development Ministry and the planning board of NCR has proposed a metro connectivity between Delhi and Alwar. An international cargo airport is also in the planning pipeline that will further fuel the industrial setup at Neemrana. A 470 acres of educational development is approved with a go ahead granted to 38 universities. Institutes like Raffles University, NIIT University and Saint Margaret Engineering College are already.
The employment opportunities ushered due to the DMIC project and industrial zones have supported real estate developments here. The supply is still relatively short of demand and this makes rental yields attractive here. Eldeco Eden Park and Hill Side are high quality developments for this region and has a location and sort of first mover advantage in this market. These apartments are not only a smart rental opportunity for investors but also good buy for end use. Some companies operational in Neemrana are also tying up bulk deals with developers to take up apartments on lease for their employees, hence offering a regular income asset to the owners of these apartments.
The Eldeco Group is one of the finest developers in North India and has a track record of close to 4 decades. Eldeco has delivered a number of quality projects not only in Gurgaon, Noida, Greater Noida but also in cities like Lucknow, Agra and Kanpur. The Group has delivered a total of 20 million sqf t and stands tall with a customer base of 25,000 home buyers. The portfolio ranges from residential to industrial, malls and office complexes. Eldeco has two housing projects at Neemrana, first being the Eldeco Eden Park and the other one being Eldeco Hillside that also features multi-storey apartments of high rise and low rise structures (developer website).