Unitech Karma Lakelands Gurgaon :: Overview

Here’s a brief description of the project:

1. The Golf course is for the residents of Karma Lakeland’s only. This is a truly exclusive lifestyle project and first of its kinds in golf course residential community.
2. The sizes of the villas are much larger than the average golf villas being offered world wide.
3. Course is designed by Phil Ryan from Australia.
4. The Karma Lakelands property is one of the greenest areas in the region with over 50,000 trees planted in the campus. Trees and plants are still being planted regularly. In our neighborhood NSG Campus (National Security Guard Training Campus) is located, which is spread over in around 4500 acres of green belt. The approximate ratio of the total built up area in our project is only 10%, and the balance 90 % are green areas.
5. It also holds a status of a “zero run off” community (eco-friendly). We have our own water harvesting and treatment plant. So no water is ever wasted, but instead recycled and used for irrigation etc. purposes.
6. It will have one of the best designed and equipped club houses spread in over 50000 Sq feet area with heated swimming pool and world class Spa facility.
7. Karma Lakelands is only 30 minutes drive away from  the Indira Gandhi international airport, Delhi.

Floor Plans

1)  Atrium Villa : Unit1 =  2850 Sqft/264.9 Sqmtr & Unit2 = 3455 Sqft/ 321.11  Sqmtr.

2)  Courtyard Villa : Unit1 =  2882 Sqft/267.8 Sqmtr & Unit2 = 2985 Sqft/ 277.5  Sqmtr.

3) Pavillion Villa : Unit1 =  3202  Sqft/297.5 Sqmtr & Unit2 = 3578 Sqft/ 332.5 Sqmtr.

4) Portico Villa : Unit1 =  3054 Sqft/283.9 Sqmtr & Unit2 = 3375 Sqft/ 313.7 Sqmtr.

5) Terrace Villa : Unit1 =  3627 Sqft/337 Sqmtr & Unit2 = 2476 Sqft/ 230 Sqmtr.

Location Map

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Real estate company Unitech Ltd said on Tuesday it has sold 16.6 million square feet of residential and commercial space during financial year ended March 2010. This is more than five times the bookings clinched in Financial Year 09 (three million square feet), when slowdown in the property market and cash crunch faced by various builders had dented the fortunes of the industry. Unitech had reported 10 million sq ft of bookings during Financial Year 08.

The average realisation stood at Rs 4,237 a sq ft for Financial Year 10 although the company did not give a comparable figure for the previous year. During Financial Year 10, Delhi NCR and Chennai accounted for a big chunk of the total bookings.

According to an operational update by the company, for the year ended March 31, 2010, bulk of the area booked by the company pertains to residential projects (82 per cent) and balance to non-residential or commercial space. The company has claimed that the total value of sales for the space booked in the last fiscal stands at over Rs 7,000 crore.

On the delivery status of past projects — a pain point with buyers during the market slowdown phase — Unitech has reported that out of the total 22.4 msf of area to be delivered, close to 6.8 million sq ft has been delivered till March 2010. About 1.15 million sq ft was delivered in the last quarter alone.

Source : Indianrealtynews

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Gold Souk – the jewellery mall developer – is planning to set up a gems and jewellery special economic zone (SEZ) with an investment of Rs 2,000 crore in Gurgaon. The company plans to start work on the project within this financial year.We have got 40 acres from the Haryana government. It is an ambitious project. We plan to have residential apartments named Gold Souk City, apart from having gems and jewellery manufacturers from Thailand and Dubai who will open their units in India,” Gold Souk Vice-Chairman and Joint Managing Director Ashish Gupta said.

A formal announcement of the project is expected in the next couple of months. “We are at the design stage now. We are working out how much percentage of land should individually be designated for malls, residential and the other commercial offerings,” he added. According to Gupta, the company is looking for private equity (PE) players to fund a portion of the project.

“The rest would be financed through internal accruals and joint ventures,” he said. The company is also contemplating an initial public offer (IPO) over the next two years. “We are trying to identify the right time for the IPO. Right now, the market is quite unstable. So, we will wait and see if it stabilises in the next 12 months. We could then launch our IPO,” Gupta said.

At present, Gold Souk has four operational jewellery malls in Gurgaon, Ludhiana, Jaipur and Cochin. This financial year, it plans to launch similar malls in Indore, Hisar, Ajmer, Thiruvananthapuram, Madurai, Calicut and Selam. The company is also in talks with an international hotel group and plans to launch five four-star hotels within this financial year.

“Our primary focus will always be on real estate and, this financial year, we will be launching a lot of jewellery malls across the nation. Apart from this, we are diversifying into hotels and also plan to open a hospital in Ludhiana,” Gupta said.

Source : Indianrealtynews

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