|Artha sees real estate as one of the leading drivers of the Indian economy and its own role as one of the torch bearers of quality and professional delivery of value to its end customers.|
North Bangalore shines
A study on realty prices of key metros by real estate portal 99acres.com over the last there years shows trends where most regions in the top metros have seen prices soar by double digit percentages while some areas in Bangalore and Chennai have witnessed high price gains.
Vineet Singh, Business head, 99acres.com said “The real estate market in metros has always been an attractive destination for buyers because of its high returns on investment. The North Bangalore corridor, especially around Hebbal, seems to be developing into a Manhattan of sorts with a wide range of high-end projects on offer. The new international airport is finally delivering expected returns for the real estate fraternity with a whole lot of offerings ranging from budget homes starting from Rs. 20 lakh to super luxury villas in excess of Rs. 5 crore. The bullish trend will get even better once the elevated expressway is commissioned.”
North Bangalore has seen price rise by 48 per cent in 2012 when compared to 2010. South and East Bangalore saw prices appreciate by 27 and 26 per cent respectively. Central and West Bangalore, on the other hand, has seen less price gains with per sq. ft rates increasing by a minor nine and six per cent.
Real estate player Artha was awarded the ‘Emerging Business India Award’ for its growth of business in the real estate field by the Institute of Economic Studies. The award was presented at a ceremony held at the Indo-Malaysia Conference in Langkawi, Malaysia, by the chief guest, Tan Sri Kahlid Ramli, CEO-Langkawi Development Authority.
Says Sheena Kapoor, Head-Marketing, Artha, in a release, “In three years Artha has launched over 45 projects across Bangalore, Chennai, Hyderabad and Mumbai, and we are extending our reach internationally in the U.K, U.S. and Europe. We are honoured to receive this prestigious award.”
Mantri Developers has been conferred with the ‘CMO Asia Award for Excellence in Real Estate’ in the category of “Environment-friendly project of the year” for its Mantri DSK Pinnacle at the award function held at Singapore recently, says a press release from the company.
Mantri DSK Pinnacle was adjudged for taking into consideration various environment friendly concepts and adapting the green building features, during the development of the project.
The Gold Standard Green Building will offer reduction in water and energy consumption, captive power generation, day lighting, and enhanced air quality for residents.
Sushil Mantri, CMD, Mantri Developers, said, “Our dedication to eco friendly technologies and green homes has been recognised. Mantri DSK Pinnacle, a 46-storey building comprising 133 residences, offers high-end amenities, including the Cisco-enabled smart home system, a helipad, aqua gym and many other premium features with 90 per cent open space and organic waste management.”
Synergy Property Development Services, the project management consulting and turnkey solution company, has announced in a press release that it has bagged the ‘Design and Project Management’ contract to manage the $ 153 million Township Development from the Rwanda Social Security Board.
“The selection was done through an international tendering process for three townships development in Kigali, the capital and the largest city of Rwanda, also known as the commercial hub of Rwanda with a population of one million.”
Under the contract, Synergy will manage the entire development of all the projects including design management and coordination, engineering, procurement management and construction management and will be responsible for time, cost, quality and environmental health and safety standards.
Says Sankey Prasad, CMD-Synergy Property Development Services, “We are happy to have our footprint in Africa as the region is a land of opportunities for housing and office space development work.”
Angélique Kantengwa, DG, Rwanda Social Security Board, said, “Rwanda has an annual housing demand of 25,000 units in urban centres, of which only about 10,000 units are supplied, thus falling short by 15,000 units. With Synergy to help us in the development of townships at Vision City, Kinyinya and Batsinda, it would be the beginning for quicker activities ahead.”
Pioneer Property Zone (PPZ), which develops and manages shopping malls, has been appointed by Suraj Group to manage its first upcoming Rs. 100 crore mall at Indiranagar, West Bangalore. In addition to that, PPZ is further expected to manage overall brand mix and leasing strategy for the mall, says a press release.
Designed by Bentel Associates, the construction of the mall has begun and will be spread over about 200,000 sq. ft. over four levels. The mall is slated to be completed by the first quarter of 2014.
Speaking on this initiative, Ashwin Puri, CEO, Pioneer Property Zone, says, “The mall has been designed as an open air development with green and open environment forming an important ingredient to take advantage of the Bangalore weather.”
Sachin Suresh, Promoter, Suraj Group, says, “Our objective is to develop a lifestyle destination with retail mix, and food & entertainment.”
Don’t miss out on this once in a lifetime opportunity. Get in touch with Artha Property Relationship Managers. Call 080 46 000 000 for your private screening of the project or log onto www.arthaproperty.com