28 July, 2007

With an unprecedented growth, the capital is facing serious problems. The situation has been further aggravated due to increasing migration. Hence, the concept of National Capital Region was born, and selected settlements outside the metropolis were envisaged to relieve the pressure on the capital. Kundli is one of these very selected settlements, where “Tulip Infratech Pvt. Ltd.” is bringing up a residential complex. The construction at the site is in full swing, after having obtained all clearance from respective departments. The sample flat is ready, and the project will be completed before end of the year 2009.

Strategic Location

When work on the Metro, the KMP-expressway and the proposed new railway line are completed, this project site will be situated right in the middle of the most happening suburbs of Delhi. This site will then fall in a triangle formed with the Metro on one side, KMP-Expressway on another and the railway on the third side. These are expected to be up and running in time for the commonwealth Games in Delhi.

Getting There

Currently the only way there is by road. Go down GT Karnal Road till you reach Kundli. From here, turn left from opposite Moti Lal Nehru Sport School. The Project is on your right. In future, travelling by KMP Expressway/Metro would be very convenient.

On Offer

Spread over 15 acres, this project will have eleven 13 storey towers, with 2/3 and 4 bedroom apartments and penthouses. There will be 750 dwelling units in total. The basic rate of these apartments is Rs.2000/- per sq ft, with a discount of Rs.200/- per sq ft presently. There will also be about 15 per cent houses, with one room configurations, for the Economically Weaker Sections (WES). Other projects in the pipeline of “Tulip Infratech Pvt. Ltd.” are based on Dehradun, Dharuhera, Gurgaon and Saharanpur.

Loan Agreements

The project has been approved and the promoters have made arrangements for loans with financial institutions such as HDFC, LIC, UTI, IDBI, BHW and ICICI. The slowdown has bogged prices in this area a bit. But brokers are certain that the secondary market will bounce back by Diwali this year.

Sample Flat

The sample flat surveyed was a 4 bedroom unit. The door opens into the drawing/living room, and the bedrooms are at the far end of the hall. To the left of the main entrance is the guest’s room. This room can also double up as a study or a servant’s quarter. This room has an attached toilet. Then comes the kitchen, complete with modular fittings, as well as small balcony. All three bedrooms open into a small corridor. Each bedroom has its own toilet, and two of the bedrooms have a balcony. The detailing of the flat is good. The flooring is attractive, with anti-skid flooring in the wet areas. The toilets come complete with modern faucets and wash basins. The drawing room is spacious enough for elegant furniture, and can be easily curtained off from the dining area.

Level of Comfort

The sterling facilities in these 2/3/4 bedrooms luxury apartments and penthouses include laminated wooden flooring in the master bedroom, modular kitchen, landscapes, lighting fixtures, power back-up, swimming pools, jogging tracks, a gymnasium, earthquake resistant foundation, spacious parking, security systems, nursery school and a host of other facilities, all in compliance with Vaastu. The most ambitious in house treatment plant in Sonepat project, with a smooth working sewage system, 24 hour security arrangement ensuring perfect tranquility, installation of water harvesting system and provisions for a temple is expected to meet the robust appetite for a sophisticated and modern living for the residents of Delhi who are clamoring to move away from the crowd.

Who should buy and When?

According to Mr. Parveen Jain, Chairman and Managing Director of “Tulip Infratech Pvt. Ltd.” these houses are for working executives, Government officers and professionals who want to live in spacious accommodation at a reasonable price. It is fully functional right now, but is ripe for investment. Interested parties will have to wait a year or two to cash in. If you are looking to buy the house for yourself, there is no better time than now. Regular appreciation to expected, as the infrastructure in the NCR nears completion. “What Gurgaon has proved to be for South Delhi and Noida for East Delhi, Kundli will prove to be the same for North and West Delhi,” declares Mr. Jain confidently.

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