23 September, 2008
Undeterred by the slowdown in the real estate sector, developers are going ahead with launching new projects in the NCR region, particularly in Gurgaon.
“The slowdown in the building sector is a temporary phenomenon which would last a year or so. From all indications, there are demands of habitation in the form of 26.5 million additional houses within five years. To cater to the ever-increasing demands for such a huge dwelling places, we have recently launched the construction work on the 15 acre of the land in Sector 89 near the planned Reliance SEZ”, disclosed Parveen Jain, CMD, Tulip Infratech Pvt. Ltd.
Although realtors were feeling the pinch as investors and speculators were evaluating the effects of slowdown, at present only end users were coming to book their flats with Tulip, said Jain, He said the consumer-friendly price of Tulip Flats was a major attraction.
The other features that marked out ‘Tulip Ace’ and ‘Tulip Petals’ pertains to its green house character, disclosed Jain. He said only 20 per cent of the area had been earmarked for construction purposes with the remaining reserved for greenery. Besides, he said, the 30 meter wide green belt on each side of the main 75 meter wide approach road would be the most eco friendly feature of the flats.
Jain said that 125 flats had been earmarked for weaker sections on a cheaper rate. The allotment would be conducted by the Haryana Government.

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