VTP Realty has a fast growing presence across the entire city via its lifestyle and mid-segment homes. Urban Space on NIBM Road, which is a completed property, can be considered the flagship of VTP’s lifestyle brand. In this article, we assess this property based on our impressions of the same following a recent site visit. Read more to find it’s images, on-site report, price, location, proximity to and other details.

VTP Urban Space, NIBM Road – Location, Specifications, USPs

Last updated on September 30, 2016 by Manish Kumar

If one is passing through certain major thoroughfares in Pune such as Moledina Road and NIBM Road, it is impossible to miss the boards highlighting VTP Realty and its projects. From being a major supplier of construction material to the leading developers in the city to becoming one in its own right, VTP has indeed come a long way. VTP Realty has a fast growing presence across the entire city via its lifestyle and mid-segment homes. Urban Space on NIBM Road, which is a completed property, can be considered the flagship of VTP’s lifestyle brand. In this article, we assess this property based on our impressions of the same following a recent site visit. Location & Connectivity Urban Space is located on the NIBM Road, considered among the premium residential destinations in South Pune. NIBM Road is a major arterial road, connecting Kondhwa to the localities of Undri and Hadapsar. …

VTP Urban Space, NIBM Road – Location, Specifications, USPs

If one is passing through certain major thoroughfares in Pune such as Moledina Road and NIBM Road, it is impossible to miss the boards highlighting VTP Realty and its projects. From being a major supplier of construction material to the leading developers in the city to becoming one in its own right, VTP has indeed come a long way.

VTP Realty has a fast growing presence across the entire city via its lifestyle and mid-segment homes. Urban Space on NIBM Road, which is a completed property, can be considered the flagship of VTP’s lifestyle brand. In this article, we assess this property based on our impressions of the same following a recent site visit.

Location & Connectivity

Urban Space is located on the NIBM Road, considered among the premium residential destinations in South Pune. NIBM Road is a major arterial road, connecting Kondhwa to the localities of Undri and Hadapsar. Urban Space suits managers and executives working in the industrial hub of Hadapsar (8 km) and business people based in the aforementioned areas as well as neighbouring Wannowrie and Salunkhe Vihar. The Bibwewadi and Market Yard areas are also nearby. Another key target market are IT employees and executives working in the IT hubs of Magarpatta City (9 km), SP Infocity (9 km), Eon IT Park and World Trade Centre (both 13-14 km away).

NIBM Road is also extremely well-connected by public transport buses to major transportation hubs of Pune such as Pune Railway Station (10 km) and Swargate (8.5 km). Pune Airport is around 16 km from the property. Internal roads in and around this property has greatly improved with the large number of upcoming residential projects making connectivity an imperative.

Tower in phase 2 of Urban Space (Image Source: VTP)
Tower in phase 2 of Urban Space (Image Source: VTP)

Social Conveniences

Urban Space is in a sweet spot, when one considers the conveniences offered to residents in the property’s vicinity. The best schools of Pune are located within a 2-3 kilometer radius of Urban Space. While Vibgyor High School (CBSE/IGCSE/ICSE) is almost right next door, other prestigious institutions such as Delhi Public School and Sanskriti School (both CBSE), Bishop’s School (ICSE) and RIMS International School (CBSE International) are all intriguing options for residents to consider.

Dorabjee’s Royale Heritage Mall is a picturesque mall, adjoining Urban Space and includes a large D-Mart store for everyday shopping needs of residents. Other nearby options includes Bizzbay Mall (1 km), Vishal Mega Mart (5 km), Amanora Town Centre and Seasons Mall (both 10 km away). The area does not lack in quality healthcare facilities and residents can avail of top class diagnosis and treatment from Ruby Hall Clinic Wannowrie (4.5 km), Inamdar Hospital (6 km) and Sahyadri and Noble Hospitals (both 8 km).

Project Overview

Urban Space came up in two phases, with the clubhouse and swimming pool located in between them. The project is completed and ready for possession. This project comprises exclusively of 3.5 and 4.5 BHK residences. The base rate of an apartment is Rs. 6000/sq.ft., which points to the premium nature of the property.

Phase 1 comprised of spacious 3 BHK (~2300 sq. ft.) and 4 BHK (~2985 sq. ft.) residences. Phase 2 has 3 BHK apartments (~2269 sq. ft.). Both phases were completed on or before schedule and a major reason for the same was the fact that VTP is a backward integrated developer. In other words, as VTP has been a major supplier of cement, steel, fittings and other construction material for many years, they do not have to deal with issues related to delays in supplies or the quality of supplies. As a result, customers can expect nothing but the best in class quality from VTP.

Our impressions of homes at Urban Space

When one enters Urban Space, one can see that VTP has looked to showcase this project containing all its best offerings. The premium aspects of the property come out quite clearly even to a casual visitor. The first thing that caught our attention as we entered the property was the large and well-lit entrance lobby with top quality flooring, a security desk and comfortable couches for seating visitors, which makes one feel welcome. The apartment comes with sufficient lifts and staircases and residents have been provided with two parking spaces per apartment.

Entrance Lobby of a building at Urban Space (Image Source: VTP)
Entrance Lobby of a building at Urban Space (Image Source: VTP)

The same spacious lobby design was replicated on all succeeding floors of the building, forming a good meeting and socializing area for residents. Another noteworthy aspect was the excellent design of the project. Each of the four apartments on a floor is along the four corners of the lobby and there are no common walls between apartments, which preserves the privacy of residents and also, ensures obstruction free views of the surroundings. Further contributing to residents’ privacy is that the entrance leads into a foyer and not directly into the living room. Large windows in the living room and each bedroom along with spacious terrace decks allow for natural light and cross-ventilation across the apartment.

One of the standout aspects of Urban Space is the usage of large 800×800 vitrified tiles in the bedrooms, which embellish the beauty of the room. At a size of 15 X 15 sq. ft., the bedrooms are much larger than those in comparable projects. In fact, the flooring itself is worth another look, with catchy Italian marble flooring used in the living room and wooden flooring in the master bedroom.

Being a backward integrated developer, VTP has access to top quality international brands when it comes to bathroom and kitchen fittings and it provides the same fittings to customers of Urban Space. VTP has also used the best of ‘smart home’ technologies available to ensure the safety and security of residents, such as biometric locks, gas leakage detectors and video door phones. For residents of phase 1, they even get a private lap pool inside their home.

Amenities

Gymnasium at the clubhouse of Urban Space (Image Source: VTP)
Gymnasium at the clubhouse of Urban Space (Image Source: VTP)

Apart from all the amenities provided in one’s home, the external amenities in the Urban Space complex too deserve a mention. Of the amenities, the ones that stand out are the large clubhouse and a covered swimming pool, which ensures it is weather-proof and can be used by residents round the year. The clubhouse has a well-equipped gymnasium, a squash court, a large hall for private functions or parties and facilities for indoor games such as Table tennis, carom and pool. The amenities appeared well-maintained and sufficient to cater to the residents of both phases of Urban Space.

Covered swimming pool at Urban Space (Image Source: VTP)
Covered swimming pool at Urban Space (Image Source: VTP)

Conclusion

VTP is actively showcasing Urban Space both to attract customers to its other projects as well as to build its brand in the premium residential space in the Pune real estate market. A project targeted at the luxury category of home buyers as well as at investors, it has a lot of features to appeal to even the most discerning of home buyers.

With its location, top of the line features and amenities and excellent design, Urban Space indicates VTP Realty’s customer-centric nature, when it comes to ensuring residents’ comfort, without compromising on their security or privacy. In an extremely competitive Pune real estate market, Urban Space is an option that can look to cause potential buyers to take notice and provide them the value for their investment which they are looking for.

Refer to our coverage of VTP Realty on PropStory

Read more about the project on the developer’s website




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