Godrej Park Greens

Godrej Properties has had a reputation of designing projects with nature as its central theme. Their latest project, Park Greens, located at Mamurdi, Pune is no  different. With a starting price of ?50.28 Lakhs, and a 10:90 plan, it is the ideal investment option for you.

The project offers a price range of ?50.28-67.67 Lakhs Just 10 minutes from MCA cricket stadium Spread across an area of 20 acres with 6 acres of central usable greens Located in Mamurdi, just off the Mumbai-Pune Expressway Both 2 and 3 BHK units available from 569-679 Sq.Ft. (carpet) 30 minutes from Lohegaon airport, Pune Exclusive 10:90 plan Three specialised zones for different age groups- Parkland, Woodland and Playland.

PROJECT HIGHLIGHTS

• Parkland amenities-yoga lawn, mini golf course, tree houses, seniors’ garden and pavilion, lawn with board games deck
• Woodland amenities- swimming pool, pool deck, toddler’s pool, canopy walk etc
• Playland amenities- living maze, jungle gym, paintball activity, multi-purpose court 4 Seasons Gardens-Spring Bloom Garden, Monsoon Shower Stead, Summer Field and Winter Court
• The club house is spread over a massive area of 1500 Sq M. Separate gyms for adults and kids, imagination lab, audio-video room, business centre, multi-purpose hall, open cafeteria etc.
• Amphi-theatre/ spectator seating 1 km nature trail with 170 trees

MARKET ANALYSIS- GODREJ PARK GREENS VS OTHERS

1. . A look at the available projects in Mamurdi reveals that most of the new projects in the locality are being developed by city-based developers.
2. The only project in the locality by an established developer apart from Godrej is Lodha Belmondo.
3. However, as compared to Godrej Park Greens, Lodha Belmondo is far more expensive. For instance a 2BHK in this project is priced between ?58.58 lakhs to 1.02 Crore approximately while a 3BHK costs anywhere around ?83 Lakhs to 1.36 Cr.
4. On the other hand, Godrej Park Greens offers a 2BHK under ?60 Lakhs and a 3BHK under ?70 Lakhs. Also, the use of the MLA concept (Maximum Liveable Area) ensures optimum utilisation of available space.
5. Further, Lodha Belmondo is a fully occupied project and thus only re-sale properties are available. Thus, from an investment point of view also, Godrej Park Greens is more lucrative as the market value of the project will appreciate as it nears possession.

MICRO-MARKET ANALYSIS: WHY MAMURDI

Located just off the Mumbai-Pune Expressway, Mamurdi has developed as a residential hub offering a serene and peaceful environment. Mamurdi has grown into a bustling hot bed of residential development in the last few years. Good connectivity, proximity to IT hubs and availability of relatively affordable housing options has put the locality on every prospective home buyers’ radar.

Connectivity

• Mamurdi is the first town off the Mumbai-Pune Expressway and it is the entry point from Mumbai to Pune.
• It is well connected to the city centre via state highways and an established rail network.
• It is strategically located at the intersection of three major roads namelyOld NH-4 Highway, Katraj-Dehu Road and Mumbai Pune Expressway.
• It is at a distance of just 10-20 minutes from IT hubs such as Hinjewadi and Baner.
• It is also well connected to Chakan and Talegaon MIDC.

Social Infrastructure

The social infrastructure around the location is also well established with multiple health care facilities, schools and colleges, entertainment and shopping options in the vicinity

• Hospital - Sanjivan Hospital 10 Mins,Aditya Birla Hospital 19 Mins,Lokmanya Hospital 20 Mins
• Entertainment - INOX 20 Mins, Fun Square Multiplex 20 Mins ,E-Square Carnival Xion 21 Mins
• Education-Pavana Kids Pre-school 6 Mins,Symbiosis University Mamurdi 6,Mins Lions Club School 10 Mins

Capital and Rental Trends

• As per market sources, the average capital values in the locality vary between ?4200-6200 per Sq. Ft. at present. The location has witnessed a mixed-trend with respect to residential values in the last one year. Prices displayed an upward trajectory post the first quarter and have stabilised hence.
• The average rental value for a 2BHK varies from ?10,000-13,000 per month approximately while one can rent out a 3BHK for about ?15,000-17,000 per month.

Scope of Growth

Mamurdi is still growing as a residential spot. Since the location is under the jurisdiction of Pimpri Chichwad Municipal Corporation (PCMC), a lot of social and civic infrastructure in the form of public transport, schools etc are planned in the near future. For instance, two metro stations are coming up in the proximity-Wakad station and the Akurdi Station. The Wakad station would provide the East-West connectivity thereby enhancing access to the Hinjewadi IT park. On the other hand, Akurdi station would enhance the North-South connectivity. Another infrastructure project that is proposed is the Hyperloop Link. The station for the same will be in Mamurdi and it would reduce the travel time from Pune to Mumbai to 20 minutes. Also, as the locality is still developing, it is away from the hustle-bustle of the city life and offers a calm and serene environment. Thus, from an investment point of view the location offers a lot of scope. Capital appreciation is a given once all the proposed infrastructure projects are completed. Further due to proximity to Mumbai, the location is an ideal option for investors from Mumbai as well. Property prices in Mumbai are at least twice as higher and investing here would also ensure a higher capital appreciation than Mumbai. Proximity to IT Hubs and MIDC areas also promises a steady rental demand. Further, universities such as Symbiosis Pune, is also located here, which further bolsters scope for rental demand from student population. Market experts believe that a rental yield of 3-4% can be easily expected from this location.

ABOUT DEVELOPER

Godrej Properties is a name to reckon with in the realty and construction industry in India. The company is a part of the Godrej Group, one of India’s biggest and most trusted business conglomerates with interests in real estate, consumer goods, agribusinesses, appliances, locks and security solutions and many other verticals. Godrej Developers harnesses this 119 year old legacy of trust and excellence and emphasizes on top class technology and design for its projects. Godrej Realty is known for its focus on sustainability and innovation. The list of Godrej projects includes multiple residential, township and commercial projects. The company is currently developing 115 million sq. ft. of projects in 12 Indian cities. The company has received in excess of 150 recognitions and awards and aims at being one of the top three developers in the nation. The company recently partnered with APG for setting up a $275 million fund to expand its real estate interests while the parent Group has also earmarked INR 1, 900 crore as a realty fund.