tata raisina residency research report

8/8/2019 Tata Raisina Residency Research Report

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IPR R ATINGS

Location

Facilities

Value for Money

Track Record

Overall Rating

LOCATION

Golf Course Road Extension

Sector 59, Gurgaon

Amenities

Swimming Pool Gymnasium Kid’s Play Area Sports Facilities Cafeteria

B ASIC SELLING PRICE

Rs. 5,250 ($105) per sq ft

MINIMUM AREA

3BHK – 2,319 sq ft

S ALES CONTACT

T: +91-11-4707-9900

M: +91-98100-84344E: [email protected]

T ATA R AISINA RESIDENCY

ABOUT THE PROJECT

Raisina Residency is a residential project being jointly developed by TataHousing and Raheja Developers. The project has been conceptualized as a

Premium and Modern Residential Complex revolving around Art and Culture.

The theme of the development is 'A Life of Art and Culture'. The unique feature

of the design is incorporation of art into Landscape and Architecture and the

latest Green Building features.

The Master Plan, Landscaping and Buildings designed by 'AEDAS' one of the Top

Five International Architects ensure that maximum flats get unhindered views

of both the Aravalli and Gurgaon City landscape. Unique Floor Plans have been

designed to ensure that no flat overlooks the other.

LOCATION

Raisina Residency is well connected to the metro as it is coming up on Golf

course Road Extension in Sector 59. Once the new metro line is constructed

then the nearest station would be hardly 2 kms away.

In addition to the close proximity to the golf course, it has easy connectivity

with commercial areas such as cyber greens. In our opinion, it should be a good

place to live as during the day, one can work in the busy city life in nearby areas

and in the evening, relax in the quiet Aravali hills.

F ACILITIES

In addition to the usual facilities such as club house, power back up, wooden

flooring and modular kitchen etc, TATA Housing is also providing Split AC in all

rooms, Jacuzzi in Master Bathroom, temperature controlled swimming pool, 3

tier security system, and video door phone access control etc. We feel that

these additional facilities are offered by very few builders and will complement

the lifestyle of rich and famous.

V ALUE FOR MONEY

TATA Housing is offering these premium apartments at a basic selling price of

Rs 5,250 per square feet, which in our opinion is slightly on the higher side

considering the fact that this area is yet to be developed. Moreover, the addon

charges such as EDC, IDC, IBMS, Parking and PLC etc are also on higher side thus

taking up the total cost of an apartment to more than Rs.1.5 crore ($300,000).

However, given the TATA brand and the facilities provided, one can expect

appreciation in the future.




TRACK RECORD

TATA Housing Development Company Ltd. established in 1984 is a fully owned

subsidiary of TATA Sons Limited. TATA Housing has pioneered the concept of

property development and has stood out in the industry with its ethical

business practices, rapidly acquiring a public image as a quality conscious

developer. It has successfully developed various residential and commercial

projects in Mumbai, Bangalore, Cochin and Goa etc.

OVERALL

We feel that if you are looking for a luxury apartment with quality construction

in Gurgaon and are willing to pay a premium for it then go for TATA Raisina

Residency. It is ideal for top management executives, High Net worth

Individuals (HNIs) and Non Resident Indians (NRIs). Once completed, it may

become a premium address in Gurgaon and may also command significant

premium.




DI S CL A I M E R: This report is for the personal information of the authorized recipient and doesn't construe to be any investment, legal or taxation advice. It isonly for private circulation and use. The report is based upon information available to the public and other sources that we consider to be reliable. No representationor warranty, express or implied is made that it is accurate or complete, or that future results / events will be consistent with the opinion / information presented in

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Indian Property Review (IPR) provides reviews, ratings and research reports on Indian Real Estate. We critically

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