Eldeco Inspire is a part of Eldeco Aamantran located in the prominent location, Sector-119 in Noida. It is located 7.5 km away from the Golf Course metro station on the blue line. It offers 2 and 3 bedroom apartments which range in size from 1121 sq. ft. to 1761 sq. ft. The proposed price of the apartments ranges from INR 48 Lacs to INR 80 Lacs. The project will be completed by the end of 2018.
I recently took a trip to Sector-119, Noida to understand the characteristics of the project in detail.
Eldeco Inspire: Location and Surroundings
Eldeco Inspire is located in a mixed residential-commercial region in Sector-119 at the intersection of FNG Expressway and Noida-Greater Noida Link Road. The area offers the benefit of brilliant network to major highways. The venture interfaces with Dadri Main Road at a distance of 9.7 km through Vikas Marg and to NH-24 at a distance of 16.6 km. It takes around one hour to cover the 35.1 km distance from Indira Gandhi International Airport while driving through Mahatma Gandhi Road/Ring Road. The proposed airport terminal in Jewar is situated at a 69.4 km distance through Taj Express Highway/Yamuna Expressway.
Eldeco Inspire is located within 2 km distance of some of the best schools in Delhi-NCR, like Delhi Public School in Sector 122 and Shri Ram Public School. Eldeco Inspire is located in a mixed use zone where different ventures like Gaur Grandeur and Amrapali Platinum have been set up.
Eldeco Inspire: Project Overview
The Eldeco Group is an organisation of eminent architects and designers with a futuristic vision which was developed in 1975. With over 35 years of experience, The Eldeco Group has set up some of the most promising residential and commercial projects in Lucknow, Agra, Noida, Greater Noida, Kanpur and other parts of Delhi-NCR region. Their unique 1200 acres facility Eldeco Sidcul Industrial Park at Sitarganj, Uttarakhand is a benchmark for their current and upcoming projects in Panipat, Sonepat, Ludhiana, Jhansi, Neemrana and Jalandhar.
Eldeco Inspire is a High-Rise residential complex which forms a part of Eldeco Aamantran, which is spread over a 14.5 acres of land. It is a low density project and is open from all four sides. It is located next to Eldeco Edge, a singular tower which also forms a part of Eldeco Aamantran. Eldeco Inspire spans over a 4.50 acres area and has 82% open space.
Eldeco Inspire: Apartment Overview
The project offers a total of 400 units of 2 and 3 bedroom apartments, distributed across 4 towers. Each tower contains 24 floors in addition to the ground floor. The 2 bedroom apartments come in four sizes- 1121 sq. ft. 1278 sq. ft. 1286 sq. ft. and 1295 sq. ft. depending on whether the residents choose to get a study room attached. The 3 bedroom apartments come in 1639 sq. ft. and 1761 sq. ft. depending on the availability of a servant room. The apartments range in price from INR 48 Lacs to INR 80 Lacs. .
The table displays the basic configurations of the apartments-
Super Area (in sq. ft.)
3 B/R + Servant
2 B/R + Study
2 B/R + Study
2 B/R + Study
A PVC overhead tank is provided for water supply and is connected with a hot and cold water piping to supply shower mixer. Other high quality materials are also used in the kitchen and toilets. The apartments have been configured according to Vaastu principles. Eldeco Inspire also uses the nature friendly Rain Water Harvesting System to conserve water.
Eldeco Inspire: First-rate Amenities
Eldeco Inspire has a shared site within Eldeco Aamantranand residents can avail all the facilities of the latter. There are 2 clubhouses and 2 swimming pools which form a part of Eldeco Aamantran and residents have full access to these services. The Eldeco Group has put a huge investment in making the residential space as nature-friendly as possible. There is a children’s activity green lawn and party lawn in the premises with multiple stretches of green lawn set up throughout the establishment.
Other facilities include rooms and courts for basketball, badminton and lawn tennis. There is a cardio area set up in a green lawn for evening exercises. Party lawns and an open-air theater is also available for the residents for social events. Eldeco Inspire also happens to be one of the few projects to install Kiosk services for the residents.
Eldeco Inspire, a part of the project Eldeco Aamantran is expected to be one of the finest and most affordable residential projects for small, cosy apartments. With the price tag that comes with it, it is definitely worth a visit and investment.
The ever increasing economic growth prospects in the national capital of the country, complimented with scarce resources paved the way for formation of National Capital Region (NCR). The urban areas of Haryana, Uttar Pradesh started providing the much required momentum for setting up of industries, commercial and residential hubs.
Gurgaon has been responsible for shaping the skyline of NCR, with much of it attributed to the growth trends across Golf Course Road, MG Road, NH-8 and Golf Course Extension Road. The concentration of economic activities in these areas consequently led to a boom in the residential sector and overall development. With the spurt in economic development centered around Sohna, for instance the Industrial Model Township of Sohna, the Western Dedicated Freight Corridor passing through Sohna and the opening of the Kundli-Manesar-Palwal (KMP) Expressway, the conditions are favourable for the residential real estate to witness a heightened demand here.
Gurgaon-Manesar’s population was estimated at ~15 lks in 2011 census, it is expected to touch a whopping ~42 lks by 2031, while Sohna recorded a population of ~67,000 in 2011 and it is expected to rise nearly 10 times to touch ~6.40 lks in the same period of time. These numbers are staggering and propel demand for housing in Gurgaon-Manesar-Sohna belts in coming years.
South of Gurgaon, Understand the Location:
Sohna is geographically placed towards South of Gurgaon (that is where it gets it name South of Gurgaon) and is neighboured by industrial town of Manesar. South of Gurgaon enjoys seamless connectivity with NH-248A that runs from Haryana to Alwar in Rajasthan. NH-248A is a four lane highway well knitted with the NH-8 that intersects it at Rajiv Chowk in Gurgaon. The Northern Peripheral road (NPR) and Southern Peipheral road (SPR) will grant ample connectivity to South of Gurgaon with Gurgaon and Delhi. With the news of SPR going operational this year, South of Gurgaon will get a direct connectivity boost with the Golf Course Road, Golf Course Extension Road and NH8. The Kundli-Manesar-Palwal Expressway that passes via South of Gurgaon and runs between Palwal to Panipat adds direct access to various part of NCR, offering connectivity to various highways. The 52 km stretch between Palwal and Manesar is now functional, with the rest 135 km expected to be completed in a year’s time. This will in turn act as a strategic route for all economic activities planned along the areas like IMT Sohna.
South of Gurgaon will also enjoy direct connectivity with Golf Course Extension Roadvia a proposed road that runs parallel to NH-248A and connects Sohna to Sector-63A in Gurgaon. This 60m wide road is in planning stages and the completion date is yet to be ascertained. An onward journey from here will lead to Golf Course Road, Mehraul-Gurgaon Road and Cybercity.
The Indira Gandhi International Airport is at an approximate distance of 40 kms from South of Gurgaon and the nearest railway station of Gurgaon is at about 28 kms from the budding micro-market. Speaking of the metro connectivity, the HUDA City Center is reachable within 20-25 minutes of drive and the nearest rapid metro station will be the last station of the Golf Course rapid metro that which is under-construction at present. This rapid metro station of Sector-55/56 of Gurgaon will be reachable, within 25-30 minutes from South of Gurgaon. The proposed project of Pod taxis (a type of personal rapid transport system) will have a station at Badshahpur Chowk, which is approximately a 20 minutes’ drive from here. The project for POD taxis is under planning and will be completed in about 1-1.5 years post commencement of work.
To decongest the traffic at Badshapur Chowk, the NHAI (nodal Highway authority) has planned a 2 km flyover on the Sohna Road over the Chowk. The timelines for completion of the project are not yet announced. The Delhi Mumbai Industrial Corridor Project (DMIC) is a Government of India initiative that is aimed at reducing the travel time in movement of goods thereby facilitating the manufacturing and tertiary sectors of the economy. The Dedicated Freight Corridor is set to benefit IMT Sohna since it passes through South of Gurgaon and is planned to be completed by 2018-19.
Moreover this region is right at the foothills of Aravallis which are in the protected zones and there are several green belts around the areas designated for commercial uses. This region is very unlike the prime Gurgaon which is now densely inhabited with little green cover left within the city premises.
The social infrastructure of South of Gurgaon is already in place with a number of schools, hospitals, shopping centers, hotels operational. Amongst reputed schools are Delhi Public School, Ryan International School, GD Goenka World School and Pathways International School. KIIT College of Engineering, K.R Mangalam University, G.D Goenka University, JK Business School are amongst reputed institutions for higher education. Key hotels include The Westin Sohna Resort and Spa, The Taj Gateway Resort, Country Inn and Suites, ITC Grand Bharat and Lemon Tree. These hotels attract weekend tourists and corporates on a regular basis for excursions.
Guri Hospital, Alaska Hospital and Vardaan Hospital are in South of Gurgaon while hospitals in vicinity include Columbia Asia, Privat Hospital, Neelkanth Hospital, Max, Fortis and Paras. Retail zones that take care of day-to-day convenience are Big Bazaar, Aditya Birla More and Shoppers Stop apart from convenience stores and centers at residential projects in South of Gurgaon. Organized malls in proximity of South of Gurgaon are Good Earth City Center, Raheja Mall, Omaxe Mall, ILD and Celebration Mall amongst a number of others.
South of Gurgaon, Demand Drivers:
One of the most important factors that determine the fate of a new location is the proximity of the location to office and commercial hubs. As far as South of Gurgaon is concerned, it has good connectivity with the commercial business districts, secondary business districts and peripheral business districts of Gurgaon. DLF Cyber City has an existing stock of 13.2 million sq ft with major occupiers being RBS, GE, Accenture, Ericsson, a 10 million sq ft of existing stock is at Udyog Vihar with major occupiers being Snapdeal, Bank of America, Sapient. Another 12 million sq ft of existing stock exists at Sohna Road and key occupiers include McKinsey, Capgemini and Aricent. Similarly other office hubs like Golf Course Road, MG Road, NH-8, Southern Peripheral Road are all accessible easily from Sohna Road and a number of routes provide alternate connectivity to these business districts in Gurgaon.Giants such as Google are making Gurgaon their prime activity center in India, also there is a lot of demand for offices by young ventures who are making base in this city as it provides requisite ecosystem.
The growing Industrial and Manufacturing hubs will also render demand for South of Gurgaon. IMT Manesar that houses brands like Maruti, Hero MotoCorp and Honda and spreads across a sprawling 3175 acre, IMT Sohna that spreads across 1500 acre and is under-construction at present, the industrial area of Bhiwadi that spreads across 6500 acre and houses giants such as Honda, Saint Gobain and Gillette are all going to add to demand for South of Gurgaon address.
South of Gurgaon, Residential Supply:
To match this upcoming demand for housing in South of Gurgaon, a number of developers have launched their projects at affordable rates when compared to established part of Gurgaon. These are International Land Developers (ILD), CHD Developers, Ashiana Housing, Sweta Estates (Central Park), Silverglades, Supertech, Nimai Developers, Eldeco, Ashiana Homes, Ireo, Raheja Developers, TATA Housing, Homestead Developers, Gold Souk and Mks Ventures. Across multiple product platforms, 25 developers have launched residential projects in Sohna. An analysis of the projects launched indicates that 2 and 3BHK apartments are the most common configurations across projects. Sizes varying from 985 sq ft to 1350 sq ft are predominant configuration sizes for a 2BHK and sizes ranging from 1400 sq ft to 1950 sq ft are predominant configuration sizes for 3BHK. An analysis of the product typology concludes that 74% of the launches are group housing projects, followed by 15% of plotting and 10% of independent floors and the remaining 1% dedicated to villas.
The availability of higher 2BHK and relatively smaller sizes is also possible because of regulatory reasons as more density is allowed per acre of development at South of Gurgaon than in Gurgaon. This was need of the hour as unit costs in Gurgaon were going out of reach of several in the middle class income brackets.
South of Gurgaon, Price Trends and Affordability:
One of the factors that is turning the table in favor of South of Gurgaon is the pricing and the affordable nature of residential projects. When compared to Gurgaon and its developed residential markets such as Golf Course Road or Golf Course Extension road, price difference is almost 50% or more! The current pricing at South of Gurgaon ranges from Rs. 4200 to Rs. 4500 per sqft and this lends the tag of an affordable destination to the market. A weighted average ticket size comparison between the price points in South of Gurgaon vs the price points in Southern Peripheral Road (SPR) and Golf Course Extension road reveals that a 2BHK costs Rs. 54 lakh in South of Gurgaon. A similar unit will cost Rs. 80 lakh in SPR and Rs. 1.6 crore in Golf Course Extension road. A noteworthy fact is that the latter markets are located at a travel time of twenty to thirty minutes from South of Gurgaon. In coming years these travel time will shrink further with improvements in infrastructure. This further portrays that the market of South of Gurgaon is in nascent stages at present and the scope of appreciation is huge, a point that should be given serious consideration by investors. With a closer look at the the pricing and group housing developments in South of Gurgaon, it can be summarized that 54% of the launches are below Rs. 60 lakh, 31% between Rs. 60-80 lakh and 15% above Rs. 80 lakh. This provides the middle income group with ample choices for their dream home, which was a distant reality in Gurgaon.
Most of these developments today are being planned with ample and vast views of the hills and greens, something a home owner can take pride in when he is able to reside here. The quality of lifestyle that South of Gurgaon is currently promising to prospective buyers is much different from similarly priced properties in Gurgaon-Manesar belt.
South of Gurgaon, an emerging realty hotspot:
Current connectivity to South of Gurgaon sets it apart from peers in Gurgaon which have witnessed several years of delays in infrastructure development. That said it is imperative for the markets growth that infrastructure development picks up – connectivity to Golf Course Extension road, sector roads, sewage and water lines amongst others.
The residential projects launched by developers in South of Gurgaon will get delivered in 3 to 4 years and by then livability will be more favourable. South of Gurgaon has emerged as an affordable destination and the capital appreciation it will offer is set to benefit the buyers at large. In the next 4-5 years, the proposed infrastructure will be completed and the existing connectivity will be strengthened. South of Gurgaon will continue to be the weekend gateway of NCR, credits to the breathtaking views of Aravallis and the ample choices offered by hospitality majors such as TAJ and Westin. The IMT Sohna will be soon operational and the existing industrial belts of Manesar and Bhiwadi will keep on serving demand for the South of Gurgaon realty market coupled with demand from exiting corporate hubs of Gurgaon. With a foreseeable habitation of the working class and mainly end users in the coming years, and given that projects by developers and Government meet their timelines, South of Gurgaon will witness more socio-economic activities and robust overall growth.
No one can now say that South of Gurgaon is merely a temple town famous for naturally occuring Geysers, but a formidable real estate market that is at cusp of growth.
South of Gurgaon is fast emerging as a residential and industrial destination towards the Southern direction of the growing metropolis. Over the years prime Gurgaon city has become a center of attraction for various MNCs, automobile industry, finance ventures and IT/ ITES firms. In recent years several new age start-ups have also made Gurgaon their business hub. This has led to growing employment attracting migrants to the city. This trend has supported widespread growth in demand for residential real estate as well. However many preferred areas of Gurgaon such as the Golf Course Road, Golf Course Extension Road are now out of the reach of an average/ middle-class family. Moreover, the prices having risen so much in this area that a single dwelling unit may cost upwards of Rs. 1.5 cr or so make it unviable even for investors. Not so far from the Golf Course Extension road are the developments on Sohna road, which connects to Gurgaon through a National Highway (NH 248A), which is a signal free corridor. Also, upcoming developments at South of Gurgaon are priced at least 30%-40% lower than properties in central Gurgaon, this affordability serves well for end users in the middle-income segment. Another characteristic of South of Gurgaon is the proximity of a vast green belt and preserved Aravalli Hills in the backdrop, something that bodes well for a calm environment to dwell in. The Haryana Government has plans to develop IMT at Sohna on lines of the IMT Manesar thereby resulting in employment close to housing units. Further several infrastructure initiatives will create interest in South of Gurgaon.
Amongst the early movers to South of Gurgaon is the Eldeco Group. After successfully delivering Eldeco Mansionz on Sohna road Gurgaon and delivering projects over the past several decades Eldeco has made a place for itself in the real estate eco-system of Delhi NCR. Eldeco Accolade, in South of Gurgaon, is the latest addition to their glory. We recently took out time to look at the sample flat at the project site and analyze the overall design architecturally and represent the same graphically.
Eldeco Accolade is placed directly on the Sohna Road which in turn provides it connectivity to the NH8 and Southern Peripheral Road. The Group Housing holds a location of great importance as it is near the educational and industrial hub which is already observed growing on the Sohna Road.
Eldeco Accolade is proposed on a 13 Acre site with over 40% open areas, the planning is done in a manner that the owners either get the view of Aravalli Hills or the central landscaped greens which has a uniquely designed club house with the green
grassed roof that merges beautifully into the landscape presenting an unobtrusive view of the central greens. A total of 809 units are divided tastefully into 8 towers with a mixture of G+11, G+13, and G+18 structures, this uneven distribution in tower heights seamlessly merges the township with the Aravalli Hills. The units offered here with respective super built-up are:
2BDR: 1457sqft (with Study)
4BDR: 2122sqft (including a large Servant Room)
One thing that impressed us here was the even distribution of towers over the site which in turn divides the population density over the township making amenities/ landscapes more functional and open.
A visit to Eldeco Accolade offers a good avenue to see a fully mobilised site where construction work is continuously going on despite a slowdown in NCR’s property markets. The very reason why Eldeco has been able to deliver all their past projects.
In Noida’s Sector 93A just adjacent to Noida-Greater Noida Expressway, is the Eldeco Utopia. Those looking to make a decision in the vast real estate market of Noida will find it easier with the 18 acre Eldeco Utopia in the game, for the following reasons:
Privacy and space are a priority, with the project having 50% fewer apartments than other projects, for the same area, in Noida
The location benefit which will let residents travel around Delhi-NCR with ease
Sector 93A is amongst the most prime addresses of Noida city
Noida’s SEZ and business centres are all within quick driving distances
The surrounding area has solid infrastructure and already has schools, colleges and hospitals established
It isn’t always the case in Noida that a resident can enjoy abundant open and greater personal space. Eldeco Utopia offers these features along with the usual amenities one would expect from modern day apartment complexes.
Eldeco Utopia – Location
Noida is comparatively short distance from Delhi’s Connaught Place and its seamless connectivity to Gurgaon, Faridabad and other places of importance is one of the reasons why property investment in the city is popular. The Eldeco Utopia itself is very conveniently placed right next to the Noida-Greater Noida Expressway.
To reach Utopia from Delhi, simply travel along the Expressway until one reaches Sector-93A. The project will be on your left and is right before the Panchsheel Balak Inter College. Eldeco Utopia is about 40 minutes from Delhi, one hour from Faridabad and an hour and a half from Gurgaon. The social infrastructure around the project is well developed with schools like Mother’s Pride at a walking distance right opposite the project and others like Indraprastha Global School Noida and Genesis Global school within 2 kms of Eldeco Utopia. Jaypee Hopsital is the nearest multi-speciality hospital in the vicinity of the project.
Things are rapidly developing in Noida. The metro work in the city is moving quickly and that will bring much economy and recreational ventures. One positive thing to note about the city is that it already has educational institutions, IT business, SEZs and international firms, such as Samsung and Honda, in the city. In terms of current infrastructure many people rate Noida ahead of Gurgaon, its other cousin in NCR. That said, Noida is probably the most important business center of the vast state of Uttar Pradesh.
Eldeco Utopia – Product
The Eldeco Utopia is a multi-phased group housing project that is a mix of low-rise and high-rise apartments, as well as single and duplex penthouses. It also hosts a series of shops and banks in the shopping complex which can be seen from the Noida-Greater Noida Expressway. The project is currently ready to move in and families have already occupied houses. Some 3BHK and penthouse units are present across – Eldeco Olympia and Eldeco Sylvan View for purchase. The latter has two buildings of a G+7 configuration. Keeping in with the theme of low-density living, each floor will have only 2 units.
The studio apartments, belonging to Eldeco The Studio, is a collection of modestly sized 1 BHKs sized 850 sq ft.
Eldeco Sylvan View is a collection of 42 exclusive 3 and 4BHK duplex and penthouses. These low rise apartments are placed spaciously. The beauty of space is indicated by the presence of only 2 apartments on each floor, the G+7 structure has only 6 blocks and an operational club.
All quality residential projects offer their patrons a good set of recreational and interactive activities within the project grounds. Here is a full list of amenities:
Fully equipped clubhouse
Two swimming pools
Children’s play area
The price quote for property in Eldeco Utopia is Rs. 7800-8000 per sq. ft. The average rents for studio apartments at ‘Eldeco The Studio’ vary from Rs. 15000-17000 per month. The 3BHK and penthouse available for sale in ‘Eldeco Sylvan View’ start from Rs. 2.28 crore onwards.
Eldeco Utopia brings a measure of tranquility to a crowded city like Noida. Large living spaces, open green areas and a bevy of housing options make the Eldeco Utopia a project to consider.
Please note: Image Courtesy: Eldeco Group (Rights of admission denied to property site)
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 Parkand 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 aboutAamantran @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).
First it was Gurgaon and then it was Noida. Now, Greater Noida is calling out towards real estate investors with its bargain prices, impeccable road quality and future potential for habitation. The Eldeco Mystic Greens, in Omicron I, provides individuals with a project with features unique to itself in the Greater Noida region:
It is a G + 4 floors low-rise residential development with lifts. A low density project in which 424 units have been built on 9 acres of land, which is a rare case in a city where dense conglomerations of apartments is the norm
The project’s location makes accessing the Noida-Greater Noida Expressway and the Yamuna Expressway easy
The Omicron I area already hosts schools, hospitals and shopping centres
It will soon feature metro connectivity and wider roads
Greater Noida has had its fair share of problems: delays in new airport development, incomplete infrastructure and far too many projects has hampered interest and sales in the area. But Eldeco Mystic Greens is the sort of project that will calm the nerves of investors. The growing population of the capital region, which can only be expected to go up, has spurred many developers into building dense, large and superfluous residential projects in the area. By offering low density living choice to home buyers Eldeco has created a niche amidst tall and dense structures around (Read about Eldeco Aamantran).
The Mystic Greens, which is only 30 minutes away from Noida via the Noida-Greater Noida Expressway and a little over an hour away from New Delhi (Connaught Place), is an easily noticeable sight in Omicron I. To get to the site’s location, one can use either of the following routes:
Travel along the Noida-Greater Noida Expressway until they reach Greater Noida, turn into the Greater Noida-Kasna-Surajpur Road and take the third left
Travel along the Noida-Greater Noida Link Road until they reach the project
Greater Noida is the much younger sibling of Noida, and as such, has not made as much progress as the latter. There are promising points,however. Most notably, the city is extremely well planned and authorities’ state that the planning will allow for development decades from now, something many cities in India cannot easily do. The region also has an unusually large green belt, making a city as a whole a pleasant mix of residential space, greenery and commercial activity. As with Noida, the metro will soon be coming to the city. The metro will connect commuters to Delhi and other regions of NCR, making inter-city travel significantly easier.
A Close Look At The Mystic Greens
Eldeco is no stranger to Noida and Greater Noida. The Mystic Greens stands out with its focus on low density living. Upon full completion of the project, the project will see only 424 spacious homes built on 9 acres of land, a significantly lower population to acre ratio in comparison to other projects. Most projects in the area offer G+15 designs, while this one offers a G+4 design.
The project is a low rise endeavour that is a phased development. It offers 2 and 3 BHK units with a super area starting from 1475 sq. feet to 1731 sq. feet. One phase of the project has been completed and many units (of a total of about 424) have already been occupied. All units of this phase are ready to move into. There will be a total of 21 towers, with each floor housing 4 units, and as we said each tower will have four floors. The project is in its second phase, which will see the completion of towers 12 to 20. Phase 3 will focus on Tower 21.
As for the interiors, the bedrooms will have wooden flooring while the bathroom, kitchen, living and dining area will have tiled flooring. All units from the first floor up will also have a side terrace, with units on the fourth floor also boasting of a 1030 sq. feet roof terrace. The 3 bedroom units all offer a store/Puja room, with the 2 bedroom units offering a study and powder room.
The Amenities of Mystic Greens
Mystic Greens will offer the following amenities:
A clubhouse for recreational and sporting activities
A swimming pool
A lawn tennis court
A badminton court
A fully equipped gymnasium
A shopping complex inside the township
2 BHK options for units in Eldeco Mystic Greens begins from approximately Rs. 62 lacs. Basic price hover in the range of Rs. 3300 – Rs. 3500per sq. foot.
The 3 bedroom units on the ground and first floor have a super built-up area of 1731 sq. feet. They have 3 bathrooms and a store/puja room. Some of these ground floor units also have attached private lawns and courtyards.
The second floor units are identical to the ground and first floor units except that they have an attached side terrace of 25 sq. feet.
The third floor units have 3 bedrooms, in the 2+1 configuration, i.e. there is a smaller third bedroom that doubles as a study. With 3 bathrooms, these units are 1639 sq. feet large and have a side terrace of 73 sq. feet.
The fourth floor 2 bedroom unit has 2 bathrooms, a study room and a powder room, with a size of 1475 sq. feet. The side terrace is 130 sq. feet and, uniquely, these units come with a roof terrace with access through stairs inside the apartment instead of common area. These terraces are 1030 sq. feet large.
The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, floor area, location data has been sourced from multiple sources on best effort. Nothing contained herein shall be deemed to constitute legal advice, solicitations, marketing, offer for sale, invitation to acquire by the developer/builder or any other entity. You are hereby advised to visit the relevant RERA website before taking any decision based on the contents displayed on the website.
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