The recent spate of robberies in so called secure and posh localities of Belgaum has shaken Belgaumites badly. Belgaum is no longer a peaceful and secure city that it used to be. A “Pensioner’s Paradise” it was called once, but not anymore.

What could be the possible reasons for this change is an issue to be discussed at length. A major reason is the growing economic status of the citizens. The real estate sector in Belgaum has seen a tremendous growth in the last 2 years. The pleasant climate and its proximity to major cities like Mumbai, Bangalore, Pune, Goa and Hyderabad has always attracted outsiders to settle down in Belgaum. A robust local economy thanks to the foundry industry, agriculture and several quality institutes offering education in medical, engineering and even management has helped the city grow by leaps and bounds. Rising incomes coupled with the absence of quality housing projects has made the affluent class find their own solution, buy a plot in a posh locality and then spend a fortune to build palatial houses by hiring the best in the industry. But one important element that is often ignored is security. Rarely do you find a proper security guard manning the gates of a plush bungalow (which by the way are quite common in the city!)

The solution to this problem is a Gated Community. Gated Communities are a rage in metros and other bigger cities, as they provide all amenities that residents can possibly think of along with 24 hours security and beautifully designed residential units. So what exactly is a gated community? A gated community is a residential area with controlled access, used to protect the privacy and safety of residents. Special security personnel man various entry and exit points. A closely connected set of security personnel feed information on visitors entering the premises and save residents the pain of answering umpteen doorbells rung by salesmen or other unwanted visitor on the premises. With many professionals who keep travelling a lot, security of their homes is a big challenge, “An independent house or just a regular apartment does not offer that security. But in a gated community, these residents can leave their house for months without fear of being broken into or tampered with”, says an NRI.

Commonly, a gated community will offer residents services and accessible features. These may include playgrounds, pools, shops, laundry facilities, gyms, health spas, private security workers, and even golf courses. Some gated communities are so elaborate and offer so many services that residents have little reason to leave the area for necessities.

Gated communities are debatable, as they are often depicted as an elitist escape from an actual city or community that includes those too poor to afford the finer lifestyle. Critics suggest that residents of a gated community are detached from their locale, and do not see the problems of their town or city because they are gathered together in a homogeneous wealthy area. The actual physical gates keeping people out of the area are seen by some as an obstacle to personal freedom, and a means of discouraging interaction between economically different people.

Yet the rationale for creating secure housing for the famous or notable is clear: it ensures some privacy and safety for those most in need of it. For security purposes, guards and even private police firms may be necessary to protect famous people from violent crime in their homes. High-ranking government personnel in particular are in need of a gated community lifestyle, if only to protect them from threats to their privacy and their person.

Quite a few real estate companies from Belgaum and even from cities like Pune and Mumbai have already started offering the residents this kind of projects in Belgaum. Lotus Landmarks Pvt. Ltd., a renowned developer from Pune is all set to launch such a project in Belgaum. Named “Lotus County”, it is a 10 acre township hardly a kilometer away from Tilakwadi 1st Railway Gate.
The other gated communities planned in Belgaum are Bella vista and Noorani Corbel.
 

We 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.

Please keep in mind that these are only Estimated Market values by the Registrar of Land records, which means one will have to pay registration fees on this value for a minimum. Normally values are above these values only.

There are bound to be many areas left out but in general you can ascertain the value by looking at the surrounding area rates.

For other areas click here .

Select District as Belgaum.

Then SRO as Belgaum

Then in Main area Belgaum for city, Tilakwadi, Hindwadi etc

The real estate market is slowly picking up in the metros and cities like Belgaum are also seeing a boom with the entry of big players. Puravankara is the latest to plan its entry into Belgaum by the end of third or fourth quarter of 2011 under its subsidiary Provident Housing Ltd.

Jackbastian K. Nazareth, Chief Executive Officer of Puravankara Projects Limited

AAB spoke to Jackbastian K. Nazareth, Chief Executive Officer of Puravankara Projects Limited. Jackbastian K. Nazareth has over 20 years of experience in real estate. The best part is the CEO hails from Belgaum, who completed his schooling from St.Paul’s and holds a Bachelor’s degree in Civil Engineering from GIT and an MBA from the Goa Institute of Management.

AAB ———-> A lot of leading real estate developers have announced their venture into affordable housing but two years forth the kind of activity, which should have been witnessed has ebbed. Whats the reason behind this?

Jackbastian ——–> There are many reason for projects in affordable housing not being able to take off, profitability being the main reason. Developers who had announced projects under affordable housing were amending their existing projects by reducing apartment sizes but without any reduction in costs thereby not being able to sell to the customers at a lower rate. Projects under affordable housing requires a focus and a long term direction. The design and development needs to be done based on value engineering of designs, architecture and need of the demographic in question. Merely reducing the living space will not appeal to the buyers. It is just not the ticket size but a whole gamut of amenities and specifications that make people buy the dream home.. This requires detailed study to be done right from the drawing board stage thereby maintaining the costs. It is just a matter of time before developers will start work on this segment

Provident Housing Ltd., is a 100% subsidiary of Puravankara Projects Ltd and is currently developing 5.69 msft from two projects in Chennai and Bengaluru of which phase I development is 2.65 msft. We commenced work in 2009 and will be handing over Phase I during Q2 of Financial Year 2011-2012. We are currently focusing on completing these projects and complete possession as per scheduled time lines and hence we had reduced the new product launches. Now with us having being able to construct and deliver, we are keenly evaluating new opportunities across various cities in India and will be announcing a few more new launches under ‘Provident’ brand in the next 12-15 months .

AAB ———-> How do you define affordable housing? what is your target segment?

Jackbastian ——–>Provident realizes the need for quality homes at an affordable prices developing cities and Belgaum is one of the cities identified. While efforts are on to acquire land, some discussions have reached final stages. Provident is a leader in the segment and defines Affordable housing as afford-ability to all stake holders, the developer and the buyer alike.

Our target audience is first time buyers. Youth as well as retired personnel are the ones who have purchased apartments with us. We are also seeing an increase in the self funded second home buyers too, who want to invest in a good property at an affordable price. In fact people from Belgaum, Hubli, Bellary, Mangalore have brought homes in the project in Bangalore.
AAB ———-> Kindly share some some details of the Belgaum project?

Jackbastian ——–>Depends upon the land acquisition size, Ideally looking at good mix of apartments, row houses and independent homes in the Provident brand to begin with.
AAB ———->Belgaum is seeing some great rise of prices in Real estate and also coming up of Gated residential communities and second homes your take on this?

Jackbastian ——–>Belgaum is one of those places that offers great value for money for real estate. The place has an amazing weather and is an ideal place for investment. It has some good educational institutes and is a nodal centre for the surrounding rural areas. It is also seeing some good investments in manufacturing and other allied industries and therefore is bound to be one of the important cities of growth for Karnataka. The focus on infrastructure is also improving. These become critical factors for real estate prices.

Gated communities are the order of the day. It gives the residents the choice of enjoying common amenities at shared costs. From our perspective, we have been developing large gated communities and have about 6000 homes in such communities, being built by us currently, in cities of Bangalore, Chennai and Kochi. These communities represent a form of urbanisation where public space is privatized. They differ from condominiums and secured apartment complexes because they include public infrastructures and spaces behind the gates, which can otherwise be used by everyone, such as parks. Our communities focus on exclusiveness, protection of families in a secluded environment, and leisure facilities such as private parks. Gated communities which were a rarity in two tier cities are seeing much acceptance. A Puravankara gated community has always stood out in terms of what we call as “joy of living”.
AAB ———-> What is the total area under construction in this segment and going fwd what is the area you plan to develop?

Jackbastian ——–>Currently we have launched 5.69 msft in both our projects in Chennai (2.23 msft) and Bengaluru (3.46 msft). Phase I of these two projects amount to 2.65 msft (Chennai – 1.50 msft and Bengaluru-1.15 msft). We will be handing over possession to the customers during Q2 of Financial year 2011-12

With respect to new launches, we will be launching one project of 6 msft in Bengaluru in the next 3-4 months and are actively evaluating opportunities in various Tier-I and Tier II cities which includes Belgaum.

AAB ———-> Do you see demand side as a constraint in this sector given the fact that projects are located on the fringes of the city where’s there lack of connectivity and infrastructure? What is the area that is still unsold?

Jackbastian ——–>This is a segment that has immense demand. We do not any signs of reduced interest from buyers in this segment simply because there is a need for homes for the demographic. At our end we evaluate projects based on infrastructure in the said geography and due weightage to various factors is given before we embark on the project. The sales that we have generated for both the projects bear testimony to this fact and we have left with around inventory of less than 10% in both the projects.

AAB ———-> What are yourmargins in the affordable housing segment and what has been your strategy to bring down transaction cost?

Jackbastian ——–>We are expecting net profit margins anywhere between 20%-25% for each project. Apart from the costs we are also ensuring no delays in completing the project thereby improving the margins both at the project level and the entity level. It is prudent to note here that a focused approach to this segment, with volumes and delivery brings a lot of promise.

About PURAVANKARA GROUP:

The PURAVANKARA GROUP was established in 1975, in response to the growing need for quality housing and commercial space in the metropolitan cities of India. Since then, the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of a discerning clientele.

The Puravankara Group with over 35 years of excellence in the upper end of the housing sector across various regions of the Country has projects in Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore, Kolkata and Colombo. The Group also has a presence in Dubai in the UAE and business representatives in the United Kingdom and the United States. With a land bank of over 125 million sq ft, the Group has above 20 million sq ft of residential and commercial space currently under construction.

Life currently is very hectic and and with all these the indigence relax, rejuvenate, unwind and find harmony becomes even more important.

Belgaum based Geetanjali Realty, owned by R.R.HEDA group engaged in diversified activities, founded in the year 1969 is the promoter of this wellness home project.

Nature Trail is a wellness homes project developed in a resort style ambiance is spread over 13 acres of area. The project is nestled amidst lush green trees surrounded by water bodies and is located beside Rohideshwar Camp Bhutramathi, just 15 kms from city center. Construction work will begin from December and estimated time for completion is 24 months. Nature Trail will consists of independent homes, twin villas and studio homes.

Away from anything that resembles modern civilization and aptly set to give a feel of vacation, this little pocket of paradise offers a quite ambience to relax and rejuvenate yourself.

The project is an high end resort village with all Spanish style luxury villas with ample greenery, spacious design and the best of the amenities like club house ,swimming pool ,yoga and meditation centre to name a few. Its in a true sense a great destination for peace and serenity that we all are seeking in one way or the other.

The Entire Project is Vastu Compliant & All villas designed according to Vastu Shashtra. With 80% open & Green space, Pollution free zone with no vehicles inside- Separate car park area

Gated community with no compound walls for villas which are designed in a resort style ambience.

Rain Water harveting, Sewage treatment plant, Water purifying plant & Generator backup for common lighting will be provided.

A curiously crafted jogging track unveils the natures marvels with every step you take. A huge banyan tree provokes you to find your soul and invites you for a meditation session. Also you can flex your muscles in the state of the art gymnasium. A splash in the exquisitely designed swimming pool gushes out all your fatigue and makes you ready for an energizing day ahead.

Evenings can be full of fun too where you can relax in the serene gardens, enjoy the presence of nature in smartly placed water bodies, go for a forest safari with experts. Apart from this you can just laze around in the spa or play a game of billiards or basketball with your near and dear ones.

The villas will spacious and airy and give excellent views of trees, gardens, water bodies and hills from every room. The living rooms, bedrooms, bathrooms are all well planned keeping in mind your comfort and convenience. Every requirement of yours is taken care of. The villas in NATURE TRAIL are thoughtfully furnished leaving you no additional effort to be taken. All you have to do is to go with your family and friends and start living. You can keep your belongings in the wardrobes provided, relax on the cozy beds, lay around on spacious sofas or just go in the balconies and enjoy a dose of nature.

Along with the serenity and exotic beauty, Nature Trail provides you a cozy ambiance through its thoughtfully designed villas. Every villa is a piece of magnificent architecture, where every aspect of comfort is properly addressed. You can choose from single or duplex villas with different variants according to your style and comfort. All the interiors and amenities are provided to make your stay comfortable…

Nature Trail Site Address

R. S. No.33,

Beside Rohideshwar Camp Bhutramathi,

Belgaum.

Contact : +91 8861798166, +91 8861798177

Email : enquiry@geetanjalirealty.com

http://www.geetanjalirealty.com

About the Developer:

Geetanjali Realty is a leading real estate and infrastructure company headquartered in Belgaum, owned by R.R.HEDA group engaged in diversified activities, which was founded in the year 1969. The group entered the Real Estate sector in the year 2005, with property development as its main focus, and has grown exponentially in the past 5 years, promoting modern, innovative and intelligent living spaces.

They have a unique and diverse multi domain portfolio that covers commercial, residential and wellness property development extending across Belgaum.

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.