MORE SPACE FOR LESS

9 June, 2007

Going by the looks of this sample flat in Tulip Grand, these houses are a good buy at the current prices, says Alok Singh

Tulip Grand, by Tulip Infratech, at Kundli, Sonepat border is not a project you can move into today, or even tomorrow. But in terms of its potential, it is huge. The promoters know this too, and after selling about 65 per cent of this project, tulip is holding back the rest of the units. It proposes to sell these again after two years, by when the slowdown is expected to turn around. And among other things, the infrastructure that is now only paper, would be up and running.

When work on the Metro, the KMP Expressway, and the proposed new railway line are completed, this project site would appear to be in the middle of the most happening suburbs on Delhi. This site would then fall in a triangle formed with the Metro on one side, KMP Expressway on another and the railway line on third side. These are expected to be up 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 the Moti Lal Nehru Sports School. The project site is on you right.

ON OFFER

Spread over 15 acres, this project will have 11 towers with 2/3/4 bedroom apartments and penthouses. There would be 750 dwelling units in all, and there would be about 15 per cent houses with one-bedroom configuration for EWS. There will be four towers with three and four-bedroom apartments, and each floor would have four apartments.

The 3-bedroom apartments would be 1,500 sq ft and 4-bedroom apartments would be 1,912 sq ft. There will be two towers of 2-bedroom flats, each floor having six apartments. There would also be towers with 3-bedroom flats only. The penthouses would be of 3,900 sq ft and include features like individual pools.

PRICING

The basic rate of these apartments is Rs.2,000 per sq ft, across all categories of apartments and penthouses as well. However, currently there is a discount on, the company offered some apartments with a discount of Rs. 200 per sq ft. The 3-bedroom is therefore available for Rs.27 lakh. The 4-bedroom option is for about Rs.35 lakh, 2-bedroom apartment for 21.6 lakh, and the penthouse for about 70 lakh.

The project is approved and the promoters have arrangements for loans with financial institutions such as LIC and UTI. 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. You enter into the drawing/living room and the bedrooms of the family are at the far end of this hall. To the left of the main entrance is the guest’s room. And is you so desire, you may also turn this into a study or a servant’s quarter. This room has a good quality toilet. Then comes the kitchen. This is not an open kitchen, but close to the dining area. The kitchen also has a small balcony, supposedly for the washing machine.

All three bedrooms open into a small common corridor. Each bedroom has its own toilet, and two of the bedrooms have a balcony. Detailing of the flat is good. 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.

SHOULD YOU BUY?

This is a house for working executives who want to live in spacious accommodation at a reasonable price. But it is not ready to move in. So while it is ripe for investment, you will need to hold on for a year or two to cash in on it. If you want to buy the house for yourself, there is no better time than now. Prices are holding, even if they are not falling. And everybody expects the prices here to appreciate a lot in the future.

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