19 March,2010 10:11 AM IST | | Special Features
Ever wondered whether premium homes appreciate in value? At Royal Palms, the gated bungalow plot scheme, which was launched a couple of months back at Rs 89 lakh onwards, moved to Rs 99 lakh, and now, the last few units are on sale at Rs 1.19 crore. Rajesh Shirodkar, who missed buying a bungalow plot during the first phase is rueing his lack of decision at the right time. "Had I picked up a plot when the scheme was first launched, my investment would have appreciated in value by about 40 per cent in just a few months," he says.
"For those looking out to buy something really exclusive, price is not a major factor. But, having said that, it is also true that premium homes are bought by those who are a success in their line of work or their businessu00a0-- so why wouldn't they want their property values to appreciate as well?" asks Dilawar Nensey, JMD, Royal Palms.
Post Gudi Padwa, the price has been revised to Rs 1.19 crore now. Nensey is interacting with potential buyers who are sad at having missed the opportunity of buying when the prices were lower. Nensey has a simple answer: "If you delay any further, you may find the project is totally sold out as there are only 16 plots left for sale."
The plots are ready for possession, and come with a sanctioned plan, so all you need to do is create your dream bungalow. Muhamed Nensey, MD, Royal Palms, points out that owning an individual bungalow is a different ballgameu00a0-- row houses are clustered, but an individual bungalow in a gated community takes luxury living to a different level altogether. "We all dream of having our own bungalow, our independent home in Mumbai, and to most of us, it sounds like a dream. Now, here's an opportunity to make this dream come true," he says.
The unpolluted, sylvan surroundings of Royal Palms play host to not just a golf course, but also to a health spa, golf club, recreation club, lake, man-made beach, shopping mall, swimming pool, cafeteria, two 5-Star hotels, offices and IT parks apart from residential properties like studio apartments, villas, bungalow plots, row houses, etc.
Studies conducted by internationally renowned environmental consultants, AIC Watson, concluded that the air quality at Royal Palms meets internationally accepted standards and is better than any other residential facility in Mumbai. They also concluded that noise levels nearly meet 'Silent Zone' criteria! Aided by hi-tech machinery, equipment and irrigation systems, every single person working at Royal Palms strives towards a single objective: eco-conservation. Dilawar Nensey, poses a final question, "What better location for your dream bungalow to become a reality than at Royal Palms?"
