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07 September 2009

Falcon Realty coming up with affordable green project in NCR

New Delhi-based Falcon Realty Services is coming up with a green residential complex, Gulmohar Woods, in the NCR region on National Highway 8. Meanwhile, it is a part of the developer's Global Eco-City mixed-use project spread over 500 acres, comprising executive homes, week-end homes, premium villas and affordable homes, reports Financial Chronicle.

Global Eco-City is strategically located on an expressway (Delhi-Mumbai industrial corridor). It's a 45-minute signal-free drive from Indira Gandhi International Airport, Delhi and Golden Triangle (Delhi-Jaipur-Agra).

According to the report, the developer has introduced some novel concepts in the project. "We have linked up the Gulmohar Woods project with as many as 300 local brick manufacturing units as part of our backward integration programme. We have also earmarked space for growing vegetables organically to meet the daily requirements of residents. There would be 2,500 apartments within the complex. We plan to rope in local transport operators to run an affordable transportation system for residents," quoted Bhim Yadav, chief executive officer of the company in the report.

"We have identified 100 acres of agricultural land outside the complex to supply organic fruits/ vegetables every morning. We will use organic manure like dried leaves and garden waste for farming," Yadav added.

Yadav, who is keen to replicate the model in other states, was in Kolkata recently to scout for land. "We want to come up with similar projects in Rajasthan, Bihar and West Bengal. We have an economically sustainable model and we are scouting for good and clean land deeds to replicate the model elsewhere in the country. We are approaching various state governments because our model can change the socio-economic pattern in the locality as well," Yadav was quoted as saying.

Other green initiatives in the project include solar lighting, organic farming, water recycling and rainwater harvesting, the report added.

Talking about Gulmohar Woods, Yadav said, "Gulmohar Woods will offer the best of both the worlds -affordable and eco-friendly houses -- for Rs 5.5 lakh. With a low monthly installment of Rs 4,000, these houses will be easy on the pockets of home buyers."

The Rs 300-crore Gulmohar Woods project will house 2,500 apartments with sizes ranging between 360 sq ft and 1,750 sq ft (1 BHK, 2 BHK and 3 BHK), spread across 25 G+8 towers, it said.

Yadav said, "We have not compromised on the size of bedrooms. Even the smallest apartment of 360 sq ft will have a 15/16 ft bedroom, while bedrooms in other apartments will have a minimum size of 13/10 ft. The windows will have a minimum size of 7/8 ft so that there is enough sunlight in each room. The towers will have double-layer walls to keep away heat."

Singapore-based A Teelock & Associates is the principal architect of the project. This affordable housing project promises to offer top-end amenities, including air-conditioned lobbies, a business centre, banking facilities, video-conference rooms, a shopping centre, well maintained lakes and swimming pools, a gym, a clubhouse with restro bar, hookah lounge, 24-hour medical services with a provision for emergency transfers to speciality hospitals and an ayurvedic village spa. The units are priced in the range of Rs 5.9 lakh and Rs 19 lakh, the report added.

"The whole idea is to offer the best of modern day amenities at an affordable price. And we know how to do it in a sustained way even while making money for ourselves. Buses, which will ply between various metro railway stations, airport, other business districts and Gulmohar Woods will generate additional revenue for us by way of outdoor advertising," said Yadav.

Source:Realty Plus

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