REALTY IS POISED FOR A SECOND PHASE OF BOOM

DEC 2009

With the mid-year review of Indian economy placed recently, in parliament by UPA government promising by realize 7.75% GDP growth during the present fiscal, has not only emboldened the trade, Business & corporate houses but also flashed a boom phase-II in realty sector. Actually Indian, economy was badly impacted by the global economic recession during the session 2008-2009 resulting its GDP growth reduced from 9 percent.

Under the recovery spell taking a definitive shape in the global economy, US displaying a GPP growth from minus to 1.5 percent UK Germany, Japan, etc. are not laging behind. Bric countries including Brazil, Russia, India & China, all developing countries undoubtedly displaying a firm determination to be engine of global recovery and putting the whole spectrum of economic sector into the upward motility.

In India, industrial production has exhibited an ambitious upward motility with 10 percent and the realty business has already recovered the lost ground. With soaring demands of flats/houses duly assisted by lower bank interest rates, a huge financial stimulus by the UPA government etc. the second phase of property boom is knocking the door.

The Cushman and Walk field’s study recently in regard to the housing demands world wide to the tune of 196 million sq.ft. Commercial space and over 7.5 million residential units during 2009-13, is an indication that the real estate sector is poised to pickup in India too.

To cater to the rising demands of house and commercial space in India, particularly in NCR region, Tulip Infratech Pvt.Ldt. has an ambitious project, “Tulip White” which has been launched recently in Gurgaon. After having an encouraging response in having registered almost 80 persent flats of 400 in the pipe line of the “Tulip Orange” launched some two months ago in Gurgaon, the present “Tulip White” is also receiving a good response of the investors and end-users who opted to have dream homes in the project.

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 “Tulip White” houses bears to the budget of the middle classes. Each unit of three bed rooms measuring 1326 sq.ft. with Rs 2,800 per sq .ft. with a rebate of Rs 100 per sq . ft. and that and that too on Sohna Road, some 5Kmts. Away from Rajiv Chowk, NH-8, Gurgaon present a dream home to each buyer. It may be mentioned here that such flats in the neighbourhood 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 situation on a walking distance from the project.

With the social responsibility, human compassion and transparency have been the guiding axioms of the Tulip Infratech , customers may feel comfortable with the price tag as it is free from extra hidden charges which generally underling other projects by many builders. The complex has adequate security system 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 requirement nearer to their homes. Also, there is a home loan facility being provided to yhe prospective buyers. The interest on Loan has been fixed as per the norms of the RBI which take care of the loan seeker’s interests.

The most significant aspect related to the Tulip Infratech needs mention. It is the fifty projects 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” project of houses will be delivered as being promised to the buyers.

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