The Developers of DLF Qutub Enclave (now known as DLF City) DLF Limited would soon float another township in the name of DLF City II in Gurgaon. DLF Limited has recently acquired land for the new township. The company, however, has kept the location of its new project secret. A.D. Reballo, managing director of DLF Home Developers Ltd, said his company would soon announces its new housing project in Gurgaon in the name of DLF City II. “As the demand for quality homes continues to rise in Gurgaon, we have decided to float another township in Gurgaon. We have required land for the same in a residential zone as provisioned in the draft Master Plan 2021. The Master Plan is all set to be finalised,” Reballo added. He, however, refused to disclose the exact time of the launch and location of the new project.

ALPHA ONE FOR AMRITSAR

AlphaOne, Amritsar, is a mixed use development located on the main G.T. Road, in close proximity to the central business district as well as the emerging ‘New Amritsar’. The project will be developed over two phases of which the first phase will span an area of over 12 acres, comprising mall development of over 550,000 square feet. Moreover, an area of 200,000 square feet has separately been allocated for the development of the proposed business hotel by Ista. Over 80 percent of the mall has been leased out to prominent clients such as Shoppers Stop, Hypercity, Fun Republic Multiplex and Arvind Brands, along with many other international and national brands. This project is being developed under the ‘Mega Projects’ umbrella. The construction activity for the first phase is slated to commence shortly.

World Standards, now in Agra

Thanks to Ansals Courtyard, the people of Agra will find themselves at par with the rest of the world. The township boasts all amenities that people have come about to expect in an Ansal township. Wide, well-lit metalled roads, abundant greenery, pollution free surroundings, well laid out parks and playgrounds, Courtyard offers you all these and more. 

CHANDIGARH—THE NEW OPPORTUNITY

Not a day passes without announcement of some projects being launched or some completed. The plethora of projects holds one advantage for the consumer—choice. The boom has ensured that in every segment, there are multiple projects to choose from. For the actual user of the property, the power of choice is a godsend; for the investor, it could well be a nightmare.

Chandigarh for one is an ideal example. The region is considered one of the most livable in the country and currently offers value for money. With new IT parks and a large number of industries being established, there is huge potential for housing in the area. A number of residential projects are coming up but the largest one approved by the Punjab Urban Planning and Development Authority (PUDA) is the Emgreen Group’s “Opera Gardens”. 

The project takes its name from the musical fountains that will be installed in the development. A staggering 13 acres of land constituting 68% of the plot size of 19 acres will be open area. The project itself will have an eclectic mix of three and four bedroom apartments, penthouses and modern studios and facilities like an air-conditioned club, wi-fi internet, shopping arcade, library and other amenities.

October 2006