2nd BOOM PHASE IN REALTY SECTOR SETS IN

May 2010

With the Indian economy, once again, on the revival phase with 9 plus percent being projected in the GDP growth, by Parnab Mukherjee, Union Finance Minister. Consequently, the realty sector is witnessing its second version of boom.

“As the Indian economy is well on the path of higher side of the growth, I can, now, afford a little bit more money to put my hands on a mid-segment of dwelling space. I can dream to have a better house/flat with all modern facilities for my family members,” said Ramesh Kumar, an executive in MNC in Gurgaon.

Actually, during the slowdown period in global economy, buyers preferences were focused at ‘affordable houses segment’ with a price tag of Rs. 15 Lakh to 25 Lakh. As of now, as the demand level of housing units is seen escalating on higher side, developers, realtor and investors have changed their track and have launched new projects to cater to the demands of mid-size dwelling places. If we go by the flurry of activities in metro, particular in NCR in regard to projects is any guide, the mid-size house buyers have good reason to cheer about, as they have to chose from number of projects being developed by the builders.

As a matter of fact, the up-coming industrial model township, the special economic zones (SEZ), the flow of foreign direct investment in India, the growing number of technical hands, urbanization process taking a positive shape, the realty sector proving to be an engine of economic growth, have generated an unprecedented working days both for skilled and unskilled work force. As a result of it, a strong middle class segment has emerged creating new demands & requirements for white goods, transporation, new life style besides the urgent need of residential places.

If we believe t he survey conducted by knight & frank, (knight Frank India National Research) as much as 30 million dwelling units are needed for the emerging work force-both technical & non technical. This includes affordable houses segments and mid-sized one.

Keeping in view of the positive sentiments emerging in India, Tulip Infratech Pvt. Ltd. have launched two fresh projects catering to the demands of affordable & mid-size houses/flats in sector 69 & 70 of Gurgaon.

As there has been social responsibility, the main theme under which Tulip Infratech works, the project, Tulip White has deeply been devoted to the middle class segment which is growing by the day. The price tag of the Tulip White houses bears to the budget of the middle classes. Each unit of three bedrooms measuring 1325 sq.ft. with Rs. 3,000 per sq.ft. and that too on Sohna Road, some five KMTS away from Rajiv Chowk, NH8, Gurgaon, present a dream home to each buyer. It may be mentioned here that such flats in the neighbour-hood with a price tag of Rs. 4500/5000 per sq.ft. are being sold. The project has also a very close connectivity with the proposed Metro line. The Metro station would be situated on a walking distance from the project.

With the social responsibility, human compassion and transparency have been the guiding axioms of the Tulip Infraech, customers may feel comfortable with the price tag as it is free from extra hidden charges which generally underlines other projects by many builders. The complex has adequate security systems for 24 hours, modern facilities such as gym, health club, swimming pool, jogging space, school for kids and above all the parking space for the vehicles of the residents.

Adequate space for greenery necessary to provide the occupants a healthy environment around their dwelling places, has been a major attraction imbedded in the project. The establishment of a provision store inside the complex has also been adopted facilitating the occupants to fulfill their daily requirements nearer to their homes. Also, there is a Home Loan facility being provided to the prospective buyers. The interest on Loan has been fixed as per the norms of the RBI which takes care of the loan seeker’s interest.

The most significant aspect related to the Tulip Infratech needs mention. It is the fifth project being launched here in Gurgaon. The inaugural project, Tulip Grand at Sonepat, Haryana, along with commercial project which were initiated some two and half years back are at the finishing stage. As was promised to the customers who opted for Tulip Grand, the units are ready and likely to deliver well in stipulated time frame. Thus the proposed Tulip White, Tulip Ivory project of houses will be delivered as being promised to the buyers.

Project Details

Corporate Profile

Finance Option

Clients From