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May 6, 2008

Greensville Sky Villas - Apartment-Villas in Pune, India Promise the Best of Both Worlds

Filed under: Real estate news and opinion — Resmi Jaimon @ 1:22 pm

Imagine the luxury and style of a villa, combined with the convenience and proximity of an apartment! This is what Gera Developments are promising with the launch of GreensVille Sky Villas during early 2007. With around 400 of these properties already sold and some 250 remaining, you still have a chance to invest in one of these luxury apartment-villas in Pune.

The idea of combining a villa with an apartment emerged from the feedback Gera Developments received from their customers of what differentiates a villa from an apartment. Comments like ‘villas have sloping roofs and backyards’ and ‘a white picket fence’ were put into place in their new apartment’s design.

Sky Villa’s unique features for luxury living

Each villa has a backyard with a picket fence and an entrance with a slopping roof. A double height ceiling was one of the features the customers liked in a villa for a palatial look and this too was added. So, was a servant room outside, one bedroom downstairs and more.

GreensVille Sky Villas project will offer a total of about 650 Sky Villas in nine towers spread over a total residential space of 1.7 million sq. ft. Each apartment-villa will have an area of 2300 - 3600 sq. ft. space and 3-4 bedrooms. The cost per sq.ft is priced at INR 3,250 ($81). Hence, the total cost of these villa-apartments ranges between INR 75,00,000 ($1,87,500) and INR 1,17,00,000 ($292,500).

The Sky Villas project includes amenities including a lounge, party area, table-tennis tables and pool tables. It also offers a children’s playground, security control room with intercom, separate parking space for visitors, generator back-up for common areas, a walking track, landscaped pathways, entrance lobbies and motion sensor lights in the passageways.

Basement parking, elevators and floor-rise are added advantages to suit the apartment feel of the project. Over-sized windows, the builders, highlight as a unique give-away.

This Greensville Sky Villas project is also environment friendly, incorporating features such as a water treatment plant, drip irrigation system, solar water heating system for kitchens and use of compact fluorescent lamps in common areas to reduce power consumption.

5-year-warranty giving villa-apartment project

Gera is giving a 5 year-warranty on all of their projects, including GreensVille Sky Villas.Notably - the Indian real estate developer to do so.

The total value of this project, which will also incorporate a country club and a hotel is estimated at US$ 125 Million and it is being undertaken in collaboration with Citigroup Property Investors.

Easy access to GreensVille Sky Villas

Located at Kharadi, the plot is easily accessible from Koregaon Park, Pune-Nagar Road and Hadapsar-Mundhwa bypass road, with easy access to shopping locales, educational institutions, hospitals, Pune Airport and the railway station.

Most definitely an original concept, Gera’s Sky Villas could be the right project if you are looking for a balanced combination of convenience and luxury.

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