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Within a amount of a week, India saw two of its best big-ticket absolute acreage buys. First, Aditya Birla Group administrator Kumar Mangalam Birla purchased an iconic bungalow in south Mumbai’s chic neighbourhood of Malabar Acropolis for Rs.425 crore. Then, in aloof a few days, Cyrus Poonawalla, administrator of Poonawalla Group, which includes Serum Institute of India Ltd (a biotech company), bought Lincoln Abode in Breach Candy in south Mumbai for Rs.750 crore.
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Eplans Bungalow House Plan - Formal Bungalow - 1100 Square Feet ... | Sample House Design BungalowEvery year, there are a few such acreage deals that breach antecedent annal in agreement of valuations. Last year, it was broadly appear that Bhabha Bungalow, additionally amid at Malabar Hill, was bought by a affiliate of the Godrej ancestors for Rs.372 crore. In 2013, architecture merchant Dilip Lakhi bought the Cadbury Abode amid at Peddar Road in south Mumbai for over Rs.350 crore.
It is not aloof bungalows advance over bags of aboveboard yards that are available, but additionally penthouses and sprawling apartments that appear with ample amount tags. Mint takes a attending at some such affluence backdrop in the India.
Homes of the rich
In August, a accommodation in The Residence, a high-end affluence activity actuality congenital by the Runwal Group on south Mumbai’s Napean Sea Road, was awash for Rs.202 crore. The acreage is amid on the 20th, 21st and 22nd floors of the building, faces the sea and measures about 17,000 sq. ft. The accommodation provides a 270-degree appearance of the Arabian Sea.
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20 SMALL BEAUTIFUL BUNGALOW HOUSE DESIGN IDEAS IDEAL FOR PHILIPPINES | Sample House Design BungalowAccording to the project’s brochure, the accessories accessible accommodate a clandestine lift and lobby. A clandestine jet will be accessible on alarm forth with a claimed 24-hour charter. There is alike a affluence yacht that awaits the owner, and two affluence cars are stationed and accessible to bear the ancestors about the city.
While the backdrop mentioned aloft are all in Mumbai, Delhi is not far abaft aback it comes to high-end affluence properties. There are bungalows in the Lutyens Bungalow Zone (LBZ) in axial Delhi that appear in the aforementioned amount ambit as the sea-facing bungalows in south Mumbai. Industrialists such as Laxmi Niwas Mittal, Sunil Bharti Mittal and Naveen Jindal accept their houses here. Best of these bungalows were congenital several decades ago, and to advance the adherence of the location, those who own or buy these backdrop accept bound rights to reconstruct or accomplish above changes to the property, according to admiral of burghal development guidelines.
What is on offer?
For those with abysmal pockets and in the bazaar to buy a property, the best extends above bungalows. Actuality is a sample of some of the backdrop on offer.
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Bungalow House Plans | Pinoy ePlans | Sample House Design BungalowIf you are attractive for a anew congenital abode with avant-garde amenities, Tata Apartment Development Co. Ltd is amalgam absolute villas on Hailey Road in axial Delhi. The villas are proposed to accept clandestine pond pools, landscaped area and terraces, double-height patios, jacuzzis, clandestine elevators, and sun decks. About 3-4 villas will be congenital and the amount of anniversary is estimated to be as aerial as Rs.200 crore. Affluence options are accessible in added genitalia of the National Capital Region (NCR) as well. One could attending at some backdrop in Noida and Gurgaon.
Recently, Raheja Developers Ltd apparent a accommodation advance over 10,000 sq. ft on the top two floors of its activity Raheja Revanta in Gurgaon. Its amount tag: Rs.100 crore. The belfry itself will accept 60 floors, and is actuality congenital by Arabtec Construction (India) Pvt. Ltd, a collective adventure amid Raheja Developers and Arabtec Construction LLC—the aggregation that congenital the Burj Khalifa in Dubai. The accommodation will accept a clandestine pond basin that will discount the Aravali acropolis range, and admission to a aerodrome on the roof. The autogenous accessories and accessories would be supplied by affluence cast Versace. Forth with six bedrooms and a clandestine clubhouse, the acreage will be able with an bogus intelligence home automation arrangement giving the users the adeptness to allocution to their homes and accord simple commands such as cartoon curtains accessible or shut, ascendancy lighting and altitude control.
The owners
Though the all-embracing absolute acreage bazaar in India is witnessing a boxy time and sales are falling, appeal and accumulation of affluence apartment is not alone complete but improving. “Year-on-year advance in the barrage of affluence homes has been an absorbing 26%, admitting affordable acreage has witnessed a abatement of 50% in the aboriginal division of 2015,” said Ashwinder Raj Singh, arch controlling officer, residential services, JLL India, a acreage consultancy, which describes cool affluence as a acreage that costs Rs.40-100 crore, affordable affluence Rs.10-25 crore, and branded homes Rs.12-25 crore, depending on city.
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FREE LAY-OUT AND ESTIMATE PHILIPPINE BUNGALOW HOUSE | Sample House Design BungalowWhere appeal for affordable apartment activity depends on bread-and-butter scenario, absorption amount and employment, affluence apartment is cloistral from these factors. “Most home buyers in this articulation are big industrialists, arch controlling officers, acknowledged doctors, attorneys and politicians,” said Singh.
Such buyers appetite to account the latest accessories and amenities. “Today’s consumers are able-bodied travelled, able-bodied read, and accept appear to apprehend the best in design, planning and execution. Many of the affluent families own homes in added genitalia of the apple and appetite that affectionate of affairs and affection aback home,” said Adarsh Jatia, arch controlling administrator and managing director, Provenance Land, a developer that constructs and manages affluence accommodation and absolute acreage projects.
These affluence projects are not aloof belted to metros but are additionally actuality launched in abate cities and alike anniversary destinations.
Considering that appeal and accumulation accept not waned, at atomic the affluence and cool affluence segments will abide to abound in the abreast term.
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3-Bedroom House Bungalow Type at La Vista Monte Davao City - YouTube | Sample House Design BungalowFirst Published: Mon, Sep 28 2015. 01 02 AM IST
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