Raheja Developers Ltd announced the launch of “Maheshwara” — part of Raheja Aranya (The First Smart Green City in the area) — located at Sector 11 & 14 Sohna, South of Gurgaon and spread over 9.23 acres. Launched in the memory of Maheshwarnath Raheja, father of Navin M Raheja, CMD, Raheja Developers Ltd, the project will redefine the real estate market owing to the affordable prices while all the luxury accompaniments of Raheja projects are kept intact.
The project is approximately 15 minutes drive from Golf Course Extension Road area in Gurgaon and gives a view of the green forest of Aravallis. A 2-BHK apartment (1080sq.ft.) starts at an all inclusive price of Rs 34.63 lakh @2975 per sq.ft on super area which is almost 20 % lower than the prevailing market price with a guarantee of quality. There are no extra charges for PLC, parking reservation charges & club membership. There is a guarantee of no charge in case the super area increases in future. Raheja is also a guaranteeing zero price escalation, which in itself is a guarantee that the project has been meticulously planned and executed with a guarantee of on-time delivery.
The total project revenue is estimated at aprox. 300 cr and the investment will come through internal accruals. Raheja has already moved on from the broad term and conditions of the real estate regulatory bill, 70% of the cost of the project will be kept in a separate escrow account and the company will pay delay compensation at equivalent interest rate of delay in payment. All the relevant details related to the project like license number and building plan approval are uploaded on the webpage. Raheja has also decided to impose nominal cancellation charges in case the customer today decides to quit from the project.
One of the best construction companies L&T is already developing the infrastructure for the township and construction will be done by Arabtec, the makers of Burj Khalifa in Dubai, the tallest tower in the World. Apart from infrastructure, there is a 24 mtr approach road connecting the township. Special blocks are being constructed within the project as retirement homes for the senior citizens with the international level facilities. The design of these blocks and apartments has been tweaked to suit the requirements of senior citizens.
In continuity and proximity to 75000 acres of Aravallis forest, Sohna, South of Gurgaon is perhaps the greenest city in India. This city offers economic growth too as approximately 1700 acres of land owned by HSIIDC is within 2 kilometers of Aranya City.
This integrated township of 165 acres is having a mix of group-housing condominiums, penthouses, designer homes, plots and villas. This township is designed to be the first Smart Green City in the private sector with features like WI- FI, solar power generation, rain water harvesting, solar street lighting, waste management systems, water recycling systems designed for zero discharge. The township has been awarded Gold Rating by the Ministry of Environment and Forest.
The city will also have central city monitoring CCTV cameras, electric golf carts for internal transportation. Roads are built with concrete and stone pavers durable to last for generations and have low maintenance. The city has all underground electrical wiring and provisions of optic fiber network laying instead of aerial over hanging wires. The city has features like no pavements and no walls, similar to high-end townships of developed countries internationally.