Satya Group : A Paradigm Shift
The commercial setup in Gurgaon has had a cumulative effect on the other segments in the city. A rapid growth in residential spaces triggered by the enhanced commercial activities in local economy in turn led to infrastructural and institutional developments. These established real estate segments paved the demand for hotels, high street retail, restaurant, malls and serviced apartments. The concept of serviced apartments majorly drives its demand from corporates working in Gurgaon who want to live hassle free without having to worry about the basic chores of everyday life. A large percentage of this demand is from the expats working in Gurgaon and nearby areas like Manesar, Bhiwadi and even parts of Delhi and professionals on business tours. Corporates are also leasing out services apartments on a contract basis for their employees. With multi-national culture and presence of companies in different cities the demand for serviced suites has picked up in last few years. One such development that we came across in Gurgaon is Element One by the Satya Group. It is a mix of fully furnished serviced apartments and high street retail.
Satya Element One :Location
Element One has a strategic position, just as required for high street retail and business suites, considering the existing and upcoming corporate and residential development in and around the project site. Element One is located in the thriving Sector-47 and Sector-49 in Gurgaon and is granted seamless connectivity by the Sohna Road which is located approximately 500 metres from the project site. The unparalleled connectivity with National Highway-8 and Golf Course Extension Road will augment connectivity with all prime locations in the millennium city. NH-8 further connects the project with MG Road and the near completion Northern Peripheral Road, and both of these enhance the connectivity with Delhi. The IGI Airport can be accessed via NH-8, Pataudi Road or the Dwarka Expressway.
Satya Element One is located in vicinity of the business districts on Sohna road and Golf Course Extension road and is surrounded by a number of reputed residential projects like Malibu Towne, Nirvana Country, Mayfield Gardens, South City-II. In neighbourhood is Good Earth City Centre, a fully functional mixed development catering to retail, commercial spaces and premium hospitality. In proximity of the project are a number of institutional developments, be it schools, hospitals or entertainment hubs. Medanta Medicity, Artemis, Fortis, Park Hospital and Max Hospital are all easily reachable at few minutes’ drive from the project site. Renowned five start hotels like Vivanta by Taj, Hilton Garden Inn, Fortune Hotel lie in quick driving distance of project site. The existing metro station of HUDA City Centre is at less than 10 minutes’ drive from the project site. The upcoming rapid metro line on the Golf Course Road with further boost the metro connectivity for the project.
Element one at Sector-47 and 49 at Gurgaon offers high street retail which will be inclusive of a variety of brands to shop from, food court, coffee shops, eating joints and a matching contribution by the anchor stores featuring international brands. The high street will also offer recreational opportunities with an apt blend of kids and family entertainment and gymnasium and fitness center. The second major segment of Element One is the Serviced apartments which are fully furnished and attributed with concierge services. Additionally the project will be facilitated with a business center and visitors longue which will cater to the requirements of the residents here. These serviced apartments will have a modern health center for providing 24X7 medical services to the dwellers and the maintenance of apartments will be managed by a professional Facility Management company. This will ensure a smooth and on-call service aimed at directly easing the life of residents at these serviced apartments.
Configuration and Amenities
The serviced apartments start at a size of 670 sq ft onwards and are directed at offering a home cum office lifestyle. The configuration of the rooms includes the bedroom, a living area and attached kitchenette, balcony and bathrooms. The residents will also have access to the internet broadband services offered by the service provider and a direct access will be provided to the high street and anchor stores for everyday needs. The fully functional serviced apartments be inclusive of Split AC, 32’’ LCD TV, Refrigerator, Microwave, Induction plate, Coffee and tea kettle, light fixtures, wardrobes and chimney. A 24 hours power backup and an Intercom, CCTV security system are other features of these apartments. Element One has a total of two towers, A and B which are separated by the service road. Each of the towers have a total of eight floors and the project is at an under-construction stage at present. With a major chunk of construction completed, the project is expected to be delivered in 2017.
The Force Behind
Element One is a project by the Satya Group that has already delivered 7 million square feet of developments across residential and commercial segments in the country. The Satya Group has more than 4 decades of experience and is the name behind prominent developments like The Centrum Plaza – a premium commercial space in Gurgaon, The Legend- luxury residences in Sector-57, Gurgaon and the Galaxy Hotel in Gurgaon.
Element One is setting a trend in the field of serviced apartments that have largely restricted to local developments till now or as a small part of hotels. The full-fledged project on serviced apartments blended with retail is an indicator of the much needed revolution in the space of serviced apartments.