TULIP WHITE: A DREAM HOME PROJECT IN GURGAON

NOVEMBER, 2009

After a lull in reality sector for a while, there seems to be a storm like scenario in the offing, promising better prospectus for property developers, customers and investors.

With the collapse of US banking and financial systems, the Indian economy also witnessed a phase of business and trade slump. The reality sector could hardly be left immune to the worst effects of slowdown experienced world wide. The market sentiments took a downward plunge resulting into demands of houses and commercial space touching the bottom line.

As of now, the global economy including that of US, European and Japanese have displayed an encouraging recovery sentiments with more than one percent growth in GDP of each country’s 3rd fiscal which experienced minus four per cent in the previous fiscal. The slow down effects on Indian and Chinese economy remained a bit secure with 6.4 per cent and 8.9 per cent growth respectively while the global economy was reeling under the worst ever recession.

With the realty sector looking upward growth, the components of Indian economy are promising a revival trends. The Cushman and Walk field’s study recently in regard to the housing demands world wide to the tune of 196 million sq ft. of commercial space Andover 7.5 million residential units during 2009-13, is an indication that the real-estate sector is poised to pickup pace in India too.

To cater to the rising demands of houses and commercial space in India, particularly in NCR region, Tulip Infratech Ltd. has an ambitious project, Tulip White which has been launched recently in Gurgaon. After having an encouraging response in having registered almost 80 percent flats of 400 in the pipe line of the Tulip Orange launched some two months ago in Gurgaon, the present Tulip White in its neighbour-hood 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 of the Tulip White houses bears to the budget of the middle classes. Each unit of three bed rooms measuring 1325 sq.ft. with Rs. 2,600 per sq.ft. with a rebate od Rs 100 per sq.ft. ad that too on Sohna Road, some five KMTs away from Rajiv Chowk, NH-8, 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. 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 underlines 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 requirements nearer to their homes. Also, there is a Home Loan facility being provided to the prospective buyers. The interest on Loans 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 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 project of houses will delivered as being promised to the buyers.

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