As I had retreated in my earlier blog thatin Gurgaon some good flats have appreciated more than 500%. Considering the location and unique proposition being offered by Marbella Grand, it has a good chance to make its owners a happy lot.
Marbella Grand has got Tri-City’s attention. The reason is the product positioning done as premium luxury flats, secondly is the location and thirdly because of marketing blitzkrieg effectively created by the company. However, we will go deeper and peel off the project for our esteemed readers.
The site located in IT City sec-82 Alpha, has been bought by SRG Group from GMADA approximately at Rs.112.18 crores. This is such big project of the group. The main stake holders are Mr. Shiv Aggarwal, Mr. Rajesh Walia, Mr. Gireesh Goel, Mr. Deepak Garg and Mr. Parveen Kumar. There seems to be less of worry as the site is a GMADA site and plus RERA (PBRERA-SAS81-PR0391) has been taken. That to great extent should do away any fears as far as timely completion of the project is concerned.Date of completion of the project as per RERA is 31 Dec,2024.
Information about Location of Site & Surrounding Areas
IT City will be the Job hub and the education hub. Infosys campus will come up in coming years. Amity has started construction and will start the session in 2020. Prestigious Asoka University has also taken around 40 acres. IT City plot prices are already above Aero City.
Closeness to the International Airport is also an advantage which will fuel both real-estate prices as well as rentals. After possession as per my estimate a 3 BHK will tentatively fetch Rs.55000/- per month and 4 BHK Rs.65000/- per month.
Salient Features of The Site
Total area: 11.12 acres
The site is accessible from three roads of 164 feet, 80 feet & 60 feet.
Floor Area Ratio (FAR) : 2.5 (additional 0.5 can be bought)
Details of The Flats
Marbella Grand has a unique proposition of only two spacious layouts. It has not created a clutter of sizes like Ireo Rise, Emaar The Views. It’s a good strategy to come up with luxury flats considering the location of the site.
3BHK+ Servant has been Platinum; it also has utility and 4 washrooms.
Super area: 2580 Sqft, Built up area: 2175, Carpet area: 1700. Has efficiency of 65%
4BHK+ Servant is called Titanium; it also has utility, 6 washrooms, store and Puja room.
Super area: 3560 Sqft, Built up area: 3130, Carpet area: 2460. Has efficiency of 70%
Layouts are very spacious with spacious balconies. The gap between two opposite flats is nearly 40 feet.
Salient Features of The Project
Skywalk a unique concept between 13th and 14th floor.
Height: Stilt+23, Total 8 towers, Total Flats: 704, Two club houses: one is Skywalk & other is 50000 Sqft on the ground floor.
4 flats on each floor with 4 lifts.
Truly an Equipped Kitchen with RO, chimney, HOB, Built in Microwave & OTG, Refrigerator, Dishwasher.
LPG pipe line, Air Conditioning with VRV system.
- 13848 Sq metre of green area.
- Rainwater harvesting
- Solar powered street light
- Use of LED lamps in common areas
Pent House-5 BHK 7500 sqft. and 6BHK 10000 sqft.
Construction linked plan, Down Payment plan with 10% discount on Basic selling price,
Easy plan of 25%:25%:25%:25% and fourth plan of 75%:25% with 7.5%discount on Basic selling price.
Contractor: No information with us though digging in progress as on 26.12.2019.
Maintenance cost: No information. Though at a nascent stage its too early to calculate.