VTP Blue Waters

Township Codename Blue Waters is a premium residential project in Mahalunge, Pune. With a starting price of just over ?30 Lakhs, the projects offers ‘MLA – Maximum Liveable Area” Concept, where you get bigger room sizes within the same carpet area.

• The project offers a price range of ?33.25- ?65.70 Lakhs approx..
• Both 1 and 2.5 BHK units available from 423-793 Sq.Ft. (carpet)
• The township is spread across 100 acres
• Located in Mahalunge, within 2-5 minutes from Baner, Hinjewadi and Wakad
• 22 Kms from Upcoming Navi Mumbai International Airport
• In proximity of 16,000 Sq.Ft. IT Corridor

PROJECT HIGHLIGHTS

• MLA Concept
• Smart Homes Compatible with Alexa Voice Command
• Motion Sensor Lights
• Solar Connection in Master Toilet
• Clubhouse
• Multipurpose Hall
• Skating Rink
• Gymnasium
• Acupressure Path Way

MARKET ANALYSIS- VTP BLUE WATERS VS OTHERS

1.  VTP Blue Waters is the only township development in the area. This gives it an advantage over other projects with respect to the stamp duty registration (SDR) charges.

2.While SDR for VTP Blue Waters stands as low as 3.5% due to the township planning act, it is around 7% for other projects

3.Compared to other projects in the nearby micro-markets of Baner, Hinjawadi and Wakad, VTP Blue Waters is priced almost 30% lower.

4.Once ready, the project is expected to generate a monthly rent of anywhere between ?20,000 to ?30,000 for a 2BHK apartment, which is comparable to the existing projects in the vicinity.

5. Also, one of the key USPs of the project that no other project is offering in the location is the use of the MLA (maximum liveable area) concept in their design philosophy. This ensures bigger-sized and efficiently planned rooms utilising the complete carpet area compared to other projects in the market.

6.Talking specifically of Tower Bel Air, it offers a river view along with a one acre chowpatty development with Goa-like shacks. This is a novel concept offered by no other developer in the vicinity.

7.The project also offers free covered parking whereas the same is paid in Godrej Hillside, the only other comparable project in the vicinity.

MICRO-MARKET ANALYSIS: WHY MAHALUNGE

Relatively affordable prices, good connectivity and easy access to well-developed social and civic infrastructure is driving residential demand in Mahalunge. Since, the micro-markets of Wakad, Hinjewadi and Baner have become increasingly saturated in the past, Mahalunge has emerged as a sought-after residential hub in West Pune. The location is also being preferred for having the highest air quality index in Maharashtra

• Connectivity

Well connected to prime locations such as Baner (3 minutes), Wakad (5 minutes) and Hinjewadi IT Park (2 minutes). There are 4 metro stations coming up in the area that would largely enhance connectivity to different pats of the city. The locality is also an easy drive of 22 Km to the upcoming international airport in Navi Mumbai. Well connected to the Pune-Mumbai Highway.

• Social and Civic Infrastructure

The location offers multiple schools and hospitals within a distance of 5-20 minutes. A plethora of entertainment and recreational options ranging from shopping to amusement parks are present in the vicinity

Education - Banyan Tree International School: 2.2 Km, BTIS School: 3.1 km ,OM International School: 5.3 KM

Health Care - Nucare Hospital- 5.1 Km,Lifepoint multi-speciality hospital-6.8 Km,Dhanvantari Hospital: 6.7 Km

Transport Links - BRT Bus stand: 2 Km,Pune railway station: 16 Km,Airport: 22 Km

Shopping and Entertainment - XION Mall: 5 Km,Balewadi High street: 5.9 Km,Westside: 3.6 Km

• Scope for growth

Today, the location largely has under-construction properties and hence the average capital values are still within the affordable range. Once most projects near possession, these would see a capital appreciation. This would push up the average values in the locality over a period of time. Further, there are several infrastructure projects in the pipeline which would bolster its strength as a growing residential hub. For instance, four metro stations are planned in and around Mahalunge. Once ready this would also push up capital values significantly. Increasing property prices due to high demand in IT driven hubs like Hinjewdi will push rental demand towards Mahalunge in the future.

ABOUT DEVELOPER

VTP Group has garnered immense goodwill and a prominent position in supplying construction material in the past 30 years. They are also known as the largest supplier of cement in Pune. Taking the legacy forward, they introduced their real estate division in the year 2011. With their distinguished experience in sourcing construction material, easy access to the latest construction technology, they have delivered top-notch quality, good specifications that reflects their proven edge over other developers. They also make sure to offer thoughtfully planned amenities, ample leisure and recreation facilities for entire family without compromising on amenities spaces in their residential developments. That’s not all, the developer has already broken all sales records in Pune with the launch of Township Codename Blue Waters Mahalunge and the Township Codename Pegasus which is revolutionising the real estate market in New Kharadi. The developer is also the torchbearer of the MLA Concept (maximum liveable area), which ensures to provide bigger rooms in the same carpet area. They have been the real revolutionist of the real estate industry in Pune and have been applauded by the customers for turning large stuck township projects into big success stories. VTP Realty has delivered close to 1 million Sq.Ft.. of real-estate spaces in Pune, including residential, commercial, retail and hospitality developments until now.