Leisure, luxe, lifestyle: VTP Realty's Blue Waters is full of scenic beauty
VTP Realty took on the challenge of developing and relaunching two townships.
By ET Bureau |
Agencies
At a time when a lot of the larger projects were being stalled due to lack of funds across most cities, VTP Realty took on the challenge of taking over two large township projects.
Pune has long been a popular city to live in for not only those from Mumbai, but also from people across the country. Being a hotbed for IT/ITES companies followed by auto and manufacturing, it attracts many due to its pleasant year-round weather, safety, security and overall development as a cultural destination.
All of the influx has led to a consistent demand for housing. Despite the depressed sentiment across the real estate industry in the country, a few developers are still pushing the bar higher in Pune with their projects. One of them is VTP Realty.
Backed by the 30-year-old V T Palresha Group, VTP Realty is a premier real estate developer with residential and commercial projects across all prime locations in the city. The company has been awarded the Developer of the Year Award for two consecutive years.
Overcoming challenges
At a time when a lot of the larger projects were being stalled due to lack of funds across most cities, VTP Realty took on the challenge of taking over two large township projects and worked meticulously for over 18 months on ground with a wellexperienced team. They relaunched both townships, Codename Blue Waters in the west and Township Codename Pegasus in east Pune, in 2019 to overwhelming response.
Blue Waters was launched with 3,200 apartments in three residential clusters of premium 1/2/3-bedroom configurations in Mahalunge Baner Next. The company was instrumental in pushing the infrastructure development surrounding the 100+ acre township, which falls under the Pune Metropolitan Region Development Authority, and expediting the four-lane direct bridge connectivity that passes through the township to connect directly to Hinjawadi Phase 1.
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Sachin Bandhari, CEO, VTP Realty, said, “2020-21 is a milestone for us". The project is naturally endowed with the Mula-Mutha river on one side and hills on the other. But one of the two most attractive aspects of the project are the MLA (Maximum Liveable Area) philosophy homes. They ensure bigger room sizes, maximum privacy and minimal wastage of space.
The second is a well-thought out approach to amenity planning and design. No compromise has been made on the space allocated for recreation and leisure for the entire family.
Making a mark
Every project has a success story to tell, be it Blue Waters in Mahalunge, the iconic lifestyle project HiLife that has changed the face of Dange Chowk or the luxury projects VTP Solitaire and VTP Celesta that elevate the peaceful environs of Baner-Sus Road and NIBM, respectively. While Township Codename Pegasus has broken all sales records in Kharadi, VTP Purvanchal at Wagholi-Kesnand Road is one of the most preferred projects in the location.
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This year, the developer is set to hand over more than 300 homes in some of the nearing-completion projects across the city.
Sachin Bandhari, CEO, VTP Realty, said, “2020-21 is a milestone for us. While we have been able to successfully launch larger projects, we are parallelly focusing on completing and delivering a few of our ongoing ones as well. We not only focus on internal as well as external finishes, offer upgraded fittings but also add in a few amenities, if possible, to ensure that the customer gets much more than originally promised. By the end of the year, we will have delivered the maximum units across the city. I am proud that VTP Realty is a preferred real estate brand with Pune customers and some of our best product and process practices are raising the bar in the industry — earning us many followers within the industry itself.”
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Walmart India Boss Says Budget 2020 Will Strengthen Grassroots Of Economy; Sanjay Dutt Calls It Disappointing For Realty
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Nirmala Sitharaman's 160-minute-long Budget speech, peppered with poetry, began with the FM paying tribute to the massive mandate that the NDA achieved under the leadership of PM Narendra Modi.
Stating that the Government was committed to present a Budget that would help boost consumer’s incomes and enhance their purchasing power, she laid down the three planks of Budget 2020: Aspirational India, economic development, and creating a caring society that provides ease of living for every citizen.
Here's what business leaders had to say about Sitharaman's second Budget
Nirmala Sitharaman's 160-minute-long Budget speech, peppered with poetry, began with the FM paying tribute to the massive mandate that the NDA achieved under the leadership of PM Narendra Modi.Statin..
“The Union Budget for 2020-21 has focused on agriculture, infrastructure and economic activities. The Government providing viability gap funding for PPP-based warehousing at block and district level will add to the boost for the logistics sector and attract global investors and developers.
"It also places a strong emphasis on infrastructure building by faster connectivity via roads and railways with an investment of Rs 1.7 lakh crore for transport infrastructure. The Government’s firm move on National Logistics Policy will further have a positive impact on the country's logistics industry as it will help increase warehousing capacity, and also identify gaps that could be bridged to bring down the cost of logistics for traders. Additionally, the proposal of National Bank for Agriculture and Rural Development (Nabard) mapping and geotaging the warehouses and cold storages will initiate making a seamless cold storage chain available across the country. We are confident that this policy will further enhance India’s ability to trade globally.”
Yogesh Patel, Chief Finance Officer, Mahindra Logistics Ltd“The Union Budget for 2020-21 has focused on agriculture, infrastructure and economic activities. The Government providing viability gap fun..
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Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Limited
"The 2020 Union Budget outlined Aspirational India, Economic Development & Caring Society as the key focus areas. A lot has been attempted in the Budget to address this. Thrust on accelerated infrastructure development is meaningful. The launching of Rs 103 lakh crore infra projects and focus on accelerating highways construction will also boost the infrastructure of the country. Tax benefit to Power Generating companies on the lines of new manufacturing companies, 15 per cent Corporate Tax is certainly a welcome move as it will support industrialisation as well as generation to meet future demand.
"However, from the real estate sector point of view, it had been disappointing. It has only touched the outlines of Affordable Homes tax benefits to the developers from timelines perspective, allowing an extension by one year to avail tax benefit. On the brighter side, we are pleased to know about the government’s focus on the introduction of a policy to build data centre parks throughout the country. Overall, we would have liked to see a few of the several long- standing needs of the real estate sector be addressed.”
Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Limited"The 2020 Union Budget outlined Aspirational India, Economic Development & Caring Society as the key focus areas. A lot has been attempted..
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Paul Dupuis, MD & CEO, Randstad India
"Budget 2020 is a comprehensive and inclusive framework aimed at putting India back on the accelerated growth path. The government has done well to articulate a roadmap that continues to back investment areas with multiplier effects(rural infrastructure, healthcare, transportation & tourism), focuses on job creation (assemble in India, increased opportunities in Government agencies, establishment of the investment clearance cell), while also taking meaningful steps towards making structural supply side changes (education outlays, tax reforms, investments in new age technologies, key disinvestments).
"What remains to be seen is, if the fiscal scenario would permit the Government to enact all that it has envisaged. In summary, Budget 2020 is ambitious in scope; but its success is hinged on hope."
Paul Dupuis, MD & CEO, Randstad India"Budget 2020 is a comprehensive and inclusive framework aimed at putting India back on the accelerated growth path. The government has done well to articulate a r..
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Krish Iyer, President & CEO at Walmart India
"The Budget 2020 would lead to creation of a New Aspirational India, anchored around agriculture, health and education. This budget, seeks to strengthen grassroots of the economy with its positive push towards creation of a strong agriculture infrastructure, which will give a big push to India’s rural sector.
"The rate cuts in the Personal Income Tax rates would increase disposable income in the hands of the Indian middle class which will enhance consumption through improved purchasing power. These two positive budgetary interventions together would drive a strong demand growth that drives the Indian economy in turn. This is a budget that unveils the roadmap to Prime Minister’s vision of $5 trillion economy by 2024-25 by reinvigorating the hopes of both urban and rural consumers."
Krish Iyer, President & CEO at Walmart India"The Budget 2020 would lead to creation of a New Aspirational India, anchored around agriculture, health and education. This budget, seeks to strengthen gr..
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Bhavin Turakhia, Founder and CEO, Flock
“We are delighted with the steps taken by the Government in the Union Budget towards providing an impetus to entrepreneurship and acknowledging that startups are major job creators. This year, the budget has allocated Rs. 3,000 crore for skill development, which will help in creating a future-ready workforce. The provision for setting up an investment clearance cell for entrepreneurs, an online portal to facilitate quicker business clearances, and a seed fund to support early-stage startups will all collectively attract foreign investment in Indian startups.
"At present, startup employees are required to pay tax whenever they sign up for ESOPs with a vesting schedule and also pay taxes on capital gains whenever they redeem their ESOPs. As a provisionary measure to this, the minister has proposed deferring the tax payment by five years, or until employees leave the company, or when they sell their shares—whichever is earlier. Additionally, we welcome the government’s move towards boosting emerging technologies such as internet of things (IoT), machine learning (ML), artificial intelligence (AI) and analytics which will provide a filip to the country’s digital economy. We believe that with all of these measures, 2020 will be a great year for the Indian startup ecosystem.”
Bhavin Turakhia, Founder and CEO, Flock“We are delighted with the steps taken by the Government in the Union Budget towards providing an impetus to entrepreneurship and acknowledging that startups ar..
