With the global economy booming and the luxury becoming necessities, the real estate market has seen a boom in major cities of the world and India as well.

After a slow down in the US and also a saturation in the metros, the developers from these places began eying the tier II and tier III cities.

One among them is Adam Realty partners, a Mumbai based developer which was envisaged by Raj Bhandari who has a 26 year veteran in real estate in USA and India.

Th Adam team brings extensive experience in real estate development, master planning, construction, project management including with some of the leading companies in USA, Europe and India.

The Adam team is building a gated community at Nanawadi on 12 acres. The community will have nearly 200 bungalows, sky villas and apartments. This will also consist of a 12000 sqft. Club house with swimming pool, 4000 sqft. Gymnasium, game rooms, business center, guests rooms and more.

This community will have some world class amenities the Firsts in Belgaum city. Acres of landscaped land with walking paths and play grounds and lush greenery in the surroundings.

BellaVista which in Spanish means “beautiful sight”. The current project site at Nanawadi, which is near to the city and yet clean & green is a correct representation of BellaVista.

All the homes are Vastu complaint and will have some never before seen features like island kitchen, 24×7 full power backup and security.

The Belgaum Project is carried on with association with Vega and B.K.Joshi is the architect.

Casa Bella – a Beautiful independent bungalow with a option of 3 & 4 bedroom layout from 2655 to 2836 sqft area.

Casa Grande – a Large bungalows with custom design with 4000 sqft and above area.

Sky Villa – This is first in Belgaum with One villa per floor with private elevators and entrance and one can have beautiful views from all sides.

Sky Villa Duo – This will have twin tower with one villa per floor for upto 3 bed rooms with private elevators and entrance to each villa.

Venetia- are duplex row houses with about 1800 sqft, a cosmopolitan style house.

Bella Torre- Apartments with 2/3 BHK but No common wall between apartment and large open views.

The construction on the project has commenced and Mr.Glen Bond is on the site as the Chief quality engineer who has 37 years of experience in home building and has all USA based licenses in all areas of home constructing.

All the construction is being carried out bu making use of international tools and construction methods for better durability. Bella Vista will also have its own sewage treatment plant.

Mr.Raj Bhandari, MD of Adam developers who has had connections with Belgaum since long due to his family business, who started the first India related fund in USA started Adam developers in 2007 with a great team.

Raj told this blog,” Belgaum has a great potential to grow and he has come here only after sighting it and Belgaum still does not yet have a world class gated community.” He also shared his view that “ Belgaum is one such place with so much talent that if properly planned and one big company sets shop here, others will follow suit.” “People should try and come to the forefront and not only depend on the government to do all the things. People should take a lead and do things on their own. What was Bangalore earlier, it had no international flights but now it has its own international airport. Once a few big companies start shop the growth will be exponential, but for all this to happen we should have a plan in mind.”

Belgaum office: Padam Poonam, near 3rd gate Khanapur Road, Tilakwadi Belgaum.

Phone: 4216710

USA phone +713 839 1026
Parag Saraiya + 91 95388 83626 
Website. www.bellavistabelgaum.com Email: info@bellavistabelgaum.com

Belgaum has seen some rapid development in infrastructure and city has many apartments but not a complete gated community like the ones in the metros.

City based Noorani Corbel Developers Pvt.Ltd. Have brought a new project known as “One city Homes” at New Goods Shed Road, Shastri Nagar Belgaum.

The project was kicked off today at the hands of MLA Abhay Patil and Feroz Sait.

“One city Homes” is a project thoughtfully conceptualized to provide the best neighborhood in town.

The 61 gunthas will have 30% space occupied by the building which will hold 104 flats of 1 and 2 BHK. The remaining 70% of the space will be kept open for greens and other utilities. Project is planned to be completed by December 2011.

The “One city Homes” is a unique project for the city of Belgaum and as it is very centrally located near Railway Station and Shahpur markets, this could be better place to have a home.

A beautiful garden play area for children, jogging track, club house, Cable TV, round the clock security with CCTV, intercom facility, generator backup, central solar water heating, street lights, 3 passenger Lifts etc will be provided. The entire project is Vaastu complaint certified by Pt.Harish Surve Mumbai.

Architect is Mr.Bakul Joshi.
One wing will be completely dedicated for Vegetarians.

About Noorani Corbel Developers:

Noorani Corbel Developers Pvt.Ltd. is a new venture promoted by the Bhavnagari(Noorani) family. For over 90 years family has been involved in business like Kerosene, oil & industrial hardware. The family has built and leased many commercial properties in the city.

I had received many emails asking for land prices in Belgaum and I have just compiled some estimated market value as per the Sub registrar records. There can be some typo errors and information here has to be used only for approximate valuations. This blog does not guarantee exact and correct value.

There are bound to be many areas left out but in general you can ascertain the value by looking at the surrounding area rates. If still someone needs the value kindly mail back I will try and find out and paste it here as a comment.

If you cannot see the value below See prices here

Belgaum Estimated land value –

Karnataka Housing board (KHB) is constructing huge towers at Jakerri honda  near the railway over bridge and the construction is going on full swing.  It was in trouble when an RTI unearthed that the building was illegal and did not have the requisite permissions from the corporation. What has happened after that is still unknown.

Now 190 flats of 1, 2 & 3 bedrooms are being put for sale by KHB. Forms are available at the Axis bank Congress road branch.

 The single bedroom flat will be of 974 sq. feet, 2 bedroom 836 sq.ft and 3 bedrooms flat will be of 1199 sq.feet.

The price fixed is Rs.1750 per sq. feet. So for a 1 bedroom flat you need about 15 lakhs.

The said building is being constructed to provide housing at affordable rates but by no means these are affordable and also that the KHB said that the building was for accommodating government staff.

 1750 seems to be very high price as nearby residential areas cost anywhere between 1000 to 1500 sq. feet and this building is in very close proximity to the railway track, this could be a cause of concern.

 The KHB website still does not have any information about this and advertisement for the sale of flats has appeared in news papers but I haven’t got my hand on it yet.

Related posts:

 http://allaboutbelgaum.com/infrastructure/khb-building-building-without-permission/

Queenscourt- a luxurious residential Project, it is designed and created by world renowned architects, the project gives a dynamic meaning to absolute living.

At Queenscourt you will discover quality, detail, luxury and aesthetics moulded into life.

It will have a Clubhouse / Multipurpose Hall, 6 passengers – 2 lifts, Intercom facility from Main gate to Each flat, Rain water harvesting, Fire Fighting system as per NBC Norms. See more key features here

See the Location.

Layout Plan

About MindSpace Realty:

Mindspace Realty is a Joint Venture between Urban Infrastructure Venture Capital, Bhandari Infrastructure and Construction Development Private Limited & Hermes Group ( Ramesh Builders ), having its Corporate Office in Pimpri.

The Company is a perfect blend of Experience and Youth, having set out ambitious growth plans by launching Lifestyle projects to mention few, MSR QUEENSTOWN in Chinchwad, MSR OLIVE in Ambegaon, Katraj, MSR CORNICHE in Chinchwad and MSRBELLAGIO in Pimpri.

The Company shall be executing Commercial Spaces, Shopping Malls, Multiplexes, IT Parks, SEZ’s, Hotels, Hospitals, etc. in the near future. 

With recession hitting India, the banks have just today announced some benefits for loans for homes below Rs.20 lakhs. The real estate industry was in a crisis and the best way to get it up is by lowering the lending rate and the requirements for a loan.

The math’s here is simple, if loans are readily available, people will buy new homes hence the real estate developers could sell their property and build a few more which will require steel, cement and other materials.

  The prices of properties all over the country have come down but that is not the case with Belgaum, Infact this could be with many tier 2 cities. The price of land on average, which was about Rs.1700 per Sq/ft, has now stagnated at Rs. 1500 per Sq/ft, which is not a great fall.

The builders in past year have many problems of raw materials like high price of steel and cement. The builders think that with the loan process made easy there could be a good business at least in the short run.

Source: Expressbuzz

In my FIR (First Investigation Report) series, I review the newly opened shops, in the same series, here’s Reliance Fresh, Khanapur Road, Belgaum.

The frontage of the Fresh outlet is big and about 5 cars can be parked in front and about 30 odd two wheelers can be accommodated in front of the outlet it self. Others will have to find place to park cars along side of the road, which is possible as there is space after the road. However, there is no security guard on duty and hence there is a huge chance of your car being trapped in between a few others, as was mine today.

Ambience, great, with the AC was on even when there was load shedding was a plus point, presentation and layout similar to other outlets. Left to right: Vegetables, fruits, grains, toiletries, cosmetics, and confectioneries.

No much discounts or offers as seen in Big Bazaar but a few were there which is company given so they are available at your next door kirarna store also. I just overheard a announcement of a Special offer of icecream.

Now to the pricing: I was amazed with the pricing of vegetables, which I really thought were not so Fresh, all vegetables.
See the image for a price comparison done on 04-11-2008. The prices were taken by me first hand at Fresh and then at the 1^st Gate vegetable market. You see and decide. Only the prices of Potato and Tomatoes were less than those of Fresh prices, in all others Fresh prices were lower, in fact far lower. But to add to this the vegetables in the market were far more Fresh looking than those in Fresh outlet. Therefore, the price comparison may differ. I did not buy vegetables in Fresh outlet but bought a few at the market. Tough I spent Rs.300 at Fresh it was all Biscuits, chocolates & Cosmetics. The prices in the main market would be cheaper by about Rs.3-5 in which case those prices would be lower than those of Fresh also.

In addition, there was a variety of goods like food grains, cosmetics, blankets, towels, mats, cushion covers and of course carbonated beverages and stuff.

I was there at 6.30pm and was not so crowded as still many do not know about it. I also saw a few next-door neighbors of Fresh shop there. The 2^nd outlet at Hotel Hanuman, near JNMC is also operational.

Your thoughts on this please, if anyone of you had been there your comments on the same.

Bottom line:  Visit once at least, you will end up buying something that is for sure.

Sunil Mantri Realty, a Mumbai-based real estate developer, plans a housing project in Belgaum; the company is in possession of 200 acres, near the proposed Vidana Soudha, on which it plans to take up low and middle-income housing projects along with villa and apartments projects.

Earlier post on this blog about Mantri Realty

Westside, the Tata group based Retail giant plans to set up its store in Belgaum. A ad was published in the Tarun Bharat regarding the same. They are in look out of franchises with a capacity to invest Rs.2 crores and a suitable place on the main road with 8000 to 10000 Sq.feet area.

So any one with big pockets go in and jump into the Retail boom, if anyone reading this does jump in do let me know, I will make another post.

Golden Gate Properties of Bangalore builders of some properties like Golden Grand, Yeshwantpur  will enter into the Belgaum market. They plan to set up residential complexes in the next 18 months.