Hill View Poladpur India with 7% rental for 5 years
Residential investment property for sale in India
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Hill View Poladpur India with 7% rental for 5 years |
Residential investment property for sale in India |
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Name Hill View Poladpur India Anticipated completion August 2009
Property
ID Ref:
BH5515
E-mail Situated only 5 km from upcoming
MIDC Special Economic Zone (SEZ) Site at Poladpur, Mahabaleshwar
and only 25 kms from Panchani Hill Station, an attractive tourist
destination, Hill View Residential Project will provide valuable
housing in line with the Indian Government’s plans to reduce the
number of people residing within the heavily overpopulated City
of Mumbai. Hill View is easily accessible
within 3 miles of the SEZ. It has been designed to accommodate the
thousands of highly skilled technicians & management staff seeking
affordable accommodation. Currently, no housing facilities exist
in the area. The project will provide luxurious
accommodation and a high standard of living for the SEZ employees
living there. Features of the project include
• A low density township set amidst
220 acres of lush green surroundings •
Open-air themed dining facilities, gymnasium and Club House available
for all residents • 24 hr security
and intercom service. Individual parking allocations • High quality
finishes include granite and marble flooring, internet & satellite
fittings, top quality bathroom fittings • Swimming pools, waterslides
and children’s play area • Multi cuisine restaurant and coffee shop.
• A tranquil escape from Mumbai’s over populated, polluted and un-affordable
city centre Special Economic Zones (SEZ’s) • Special Economic Zones
are tax free IT and manufacturing havens forming the backbone of
India’s booming economy. • These are based on a model originally
developed in China: geographical regions with liberalised economic
laws to encourage increased foreign investment. • The most famous
& successful SEZ is Shenzhen, China which developed from a small
village into a city with a population of over 10 million within
20 years. • Following the Chinese examples, SEZ’s are now established
in Pakistan, India, Iran, Jordan, Poland, Kazakhstan, the Philippines,
Russia, and Ukraine. • India currently has 811 units in operations
in 8 functional SEZ's, each is an average size of 200 acres (0.81km2)
Maharashtra Industrial Development Corporation (MIDC) • The only
State Government Agency which has received formal approval for 11
SEZ’s whilst 7 more are proposed • Have been responsible for some
of Maharashtra’s most prestigious IT Parks, including Millennium
Business Park and Rajiv Gandhi Infotech Park • To date approved
MIDC SEZ’s range from just under 1km2 to 32km2 in size • Expected
employment generation predictions range from 7,000 to 850,000 jobs
created per site. • $5.561million investment expected in the 11
approved sites alone Maharashtra Of India’s 28 states, Maharashtra
is the most progressive and well administered in the country. It’s
capital, Mumbai (formerly Bombay), is the most populous city in
India. The number of people residing within the parameters of the
city itself is estimated at approximately 13 million. It is arguably
one of the most populated cities in the world, the total figure
escalates to around 20 million when peripheral suburbs are included,
forming the world's sixth most populous metropolitan area. Maharashtra
is India's leading industrial state, contributing 13% of national
industrial output. It is both the commercial and entertainment capital
of the country, housing important financialinstitutions, such as
the Reserve Bank of India (RBI), the National Stock Exchange of
India (NSE) and the corporate headquarters of numerous Indian companies.
Bollywood, the multi billion dollar centre of India’s Hindi film
and television industry is also located in Mumbai. India's largest
Stock Exchange, the Bombay Stock Exchange (among the five biggest
SE’s in the world), is also located in the city. 20% of India’s
exports leave Maharashtra in the form of software from specialist
parks (Special Economic Zones) throughout Maharashtra. Other major
industries in Maharashtra include: chemical and associated products,
textiles, petroleum and pharmaceuticals. Mumbai has attracted migrants
from all across the country because of the immense business opportunities,
and the relatively high standard of living, Real estate in desirable
areas of Mumbai is not cheap. Undersupply of properties has driven
prices in certain regions in Maharashtra to levels comparable with
Europe’s larger cities. It is not uncommon to pay £2,500 - £5,000
per month to rent a three bedroom apartment, and to purchase such
a unit, one would expect to pay approximately £500,000.00. A four
bedroom apartment can easily achieve a monthly rental figure in
the region of £7- 8,000.00 (purchase price of £1million), in the
area of Bandra. Brochure available.
Non refundable reservation deposit:
INR160,000 / €3,000/ £2,000 • 30% plus costs 7 days from Booking
Form (less deposit) • 6.5% net price at Boundary Walls • 6.5% net
price at Excavation and Filling • 6.5% net price at Internal Demarcation
& Road Levelling • 6.5% net price at Drainage System • 6.5% net
price at Provision of Service Ducts & STP • 6.5% net price at Public
Amenities & Internal Roads • 6.5% net price at Foundation & Plinth
• 6.5% net price at First Slab • 6.5% net price at Completion of
Structure • 6.5% net price at Finishing • 5% net price plus costs
on Possession (Anticipated Aug 2009) |
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