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oped and this place was notin demand." Verma pointsout that the facilities in thearea are growing; forinstance, he says,"DelhiPublic School, VIT(Vishwakarma Institute ofTechnology),SinhgadCollege of Engineering,Cambridge school and col-leges and Balaji Law college

are some of the few educa-tional institutes inKondhwa."

According to Kavita

Shingade, Sanskruti Estate

Agency, "Proximity to

Magarpatta city, which has

software companies like

IBM,EDS, Patni and BPOs

like E.X.L's presence hasmade Kondhwa worth

investing in. Many people

prefer to buy their flats in

Kondhwa also due to the

emerging educational insti-

tutes, so the prices in futurewill be high. Real estate

prices are going up due to

such social infrastructure."Shingade also points out

that the area appeals to thosewho want a calm locality."Sixty per cent of the build-ings are constructed byOxford Builders. GeraBuilders,Karia Builders,Clover Homes,BrahmaBuilders,Nyati Group andKumar Properties are con-structing their residentialand few commercial complex-es in these area," she adds.

With more malls andother facilities coming up inthe area, Kondhwa's popu-larity as a residential desti-nation is bound to grow inthe future.

A TI MES OF IND IA PRE SENTAT ION J U NE 2 , 2 0 0 7

Kondhwa is amongPune's most recentlydeveloped residen-

tial areas, and is said to be afast growing suburb inPune.Availability of land atcheaper rates, and proximi-ty to both the city and sub-urbs and availability ofsocial infrastructure makesit a sought after destination

for investment in realestate.

"I have been living inKondhwa since the pastfour years and I have seenradical changes in thisarea," says Madhura Jain, aKondhwa resident. "In thepast, roads were patheticand there were no facilitiesfor travel but now this placehas become a central area.We can go anywhere inPune by bus. Pune

Municipal Corporation(PMC) has provided goodfrequency. The bus stop isvery close to my place somy daughter does not haveany problem in travelling toher college, Pune College ofArts,Science andCommerce."

Israr Shaikh, anotherresident says, "The reason

for the appreciation of therealty prices at Kondhwawas due to the good infra-structure like well main-tained roads. Many mallshave come up like Tru Mall- this is one of the famousmalls in Kondhwa and it isopposite my building. Thereare other retail outlets likeMantra, Subhiksha, SalasarShopping mall and alsoSpencer."

In recent times,

Kondhwa has been increas-ingly attracting developerswho are constructing bothresidential and commercialprojects. Kumar Propertieshas residential projects like'Kumar Palmgrove' and'Kumar Palms', which isunder development. EvenKumar Builders has comeup with their prestigious

residential projects inKondhwa known as KumarSansar and one of the resi-

dential projects that theyare going to develop isknown as Kumar Solo.Karia Builders and BramhaBuilders are also construct-

ing residential projects inKondhwa.

Most of the buildingsand complexes are residen-tial in nature.There areonly a few commercial proj-ects. Vishal Chothni,Marketing Executive fromKaria Builders says, "Thereis one project known asKonark Indrayu Plaza - acommercial complex. Apartfrom this, there are residen-

tial projects in KonarkIndrayu Enclave Phase Ithat are being completed.Konark Indrayu Phase -II isunder construction. Weintroduced our first projectin Kondhwa known as'Konark Pooram' in 1991,and it was the first town-ship to come up in Pune.The current rates of flat

ranges from Rs 2800- 4200per sq.ft, but it dependsupon the project and the

amenities that the buildersare providing to customers.Today almost every builderconstructs buildings accord-ing to the consumer's choic-

es by providing good ameni-ties and good lifestyle."

According to RaviVarma, President, EstateAgents Association ofPune:"The current residen-tial property rates inKondhwa are Rs.2500 - 4500per sq. ft. Ten years ago, theproperty prices were verylow - around Rs. 500-600 persq. ft because at that timethere was nothing devel-

Fast

growthKondhwa's central locationand good infrastructure make

it an appealing residential

destination, says Sadiya Khan

AREAWATCH

Kondhwa is a sought after destination, thanks to its strategic location and infrastructure Connectivity is good, unlike in the past, and residents say bus services are frequent With malls and educational institutions coming up, demand for the area is bound to grow

PROJECTS CONFIGURATION DEVELOPER

Nyati Exotica 3 BHK Nyati Group

Nyati Chesterfield 4 BHK Nyati Group

Nyati Ambience 2 and 3 BHK Nyati Group

Nyati Grandeur 3 BHK Nyati Group

Nyati Serenity 2,3,4 and 5 BR Nyati Group

Enclave Luxury Bungalow

Konark Indrayu Plaza A commercial complex Karia BuildersKonark Indrayu 2,2 and 3 BHK Karia Bui lders

Enclave Phase-II

Kumar Sansar 2 and 3 BHK Kumar Builders

Kumar Prithvi 2 and 3 BHK Kumar Properties

Kumar Palmgrove 2 and 3 BHK Kumar Properties

Kumar Palms 2 BHK Kumar Properties

Kumar Gulmohar 2 and 3 BHK Kumar Properties

Clover Palisades 3 and 4 BHK Clover Homes

Clo ver Hi ghla nds D upl ex and Clo ver Homes

Row Houses

Performance levels

Contd from pg 1

According to a report of the FederalEmergency Management Agency (FEMA) thebuilding performance levels are of four differ-ent types and are as follows:

Earthquake Resistant [ER] Fully

Operational: The building performancelevel will sustain no damage and will besuitable for use during and immediatelyafter a major earthquake.Typically,how-ever, it will not be economically practicalto design for this level of performanceunder severe levels of ground shaking,except for buildings that house essentialservices.

ER Immediate Occupancy: This build-ing performance level will sustain mini-mal structural damage and some non-structural damage, it will be safe for useimmediately after a major earthquake.Many building owners may wish toachieve this level of performance whenthe building is subjected to moderate lev-els of earthquake ground motion. In addi-tion, some owners may desire such per-formance for very important buildings,under severe levels of earthquake groundshaking.

ER Life Safety: The building perform-ance level is designed with the aim of sav-ing lives and the building structure willsustain extensive damage during theearthquake. The building may not be safefor continued occupancy until repairs are

done. Repair of the structure is feasible,but it may not be economically attractiveto do so. This performance level is gener-ally the basis for the intent of code com-pliance.

Collapse prevention level: The structuresustains severe damage. The lateral-forceresisting system loses most of its pre-earthquake strength and stiffness. Load-bearing columns and walls function, butthe building is near collapse. The buildingis unsafe for occupancy. Repair andrestoration is probably not practicallyachievable. This building performancelevel has been selected as the basis formandatory seismic rehabilitation ordi-nances enacted by some municipalities, asit results in mitigation of the most severelife-safety hazards at relatively low cost.

SOME PROJECTS IN KONDHWA

sirM o r n i n g Dew

Discover the ra re pleasureof living in an orchar d

Luxurious 3BHK & 4BHK Twin Bungalows& 3BHK Row-houses

[Sample Bungalow Ready PROJ ECT HIGHLIGHTS

Swimming Pool & Kids Pool Party LawnsWe lt equipped Gym Community Hall

Guest Room Facility Restaurant & Caf FacilityIndividual Solar wate r system

Inverte r for each unitShuttle services to city Designer LandscapingInternal inte rcom services Fruit Trees in Each unit

Nearest Land marksCorinthian Club & DPS SchoolMANASCONSTRUCTION DEVELOPERS

www.manasconstruction.comCall: 9881 7461109881746106

UNDRF P UN ENext To Bishop s Sc hoo l

iti OA U N D H A N N E X E

2 3 B H K A p a r t m e n t s

A l a k e A A i j M c r v eA m e n I t I e S

Swimming Pool Club House Basketball Cour t Jogging TrackSenior Citizen s Park and much much more

Sample Flat ReadyA A P r o j e c t b y

5 STARC O N S T R U C T I O N S

Site address S.No.4 , Rahatani (Aundh A n n e x e ) , Pune 17.Email s a le s @5 s t a rc on s t ru ct i o n s . c o m We b s i t e : www. 5 s t a rc o n s t ru c t i on s . c o m

C a l l : 3 2 3 1 4 4 2 5 , 3 2 3 1 4 4 2 6

Site : Pune-Mumbai Highway, Opp. BalewadiStadiummNt MITCON , Balewadi, Pune.

Strategic location Designer garden homes Terrace Garden over 7-floor buildings. Clubhousewith patio Azure swimming pool Common multi-court EPA BX security system

An ISO 9001 :2000 Company

Architectural excellenceand futuristic plannin g

2 BHK Flats arden FlatsCall 9822979462 641 6010

Email mktg@amitenterprises cornmail: mktg@amitenterprises.cornWebsite: wwwamitenterprises.com

Our International Features

Our other ongoing pmjects: Emerald Park, 3 BHK at Balewadi, Call: 98229 79480 , 6410 4567Treasure Park, 2/3/4 BHK & Garden flats at Santnagar, Call: 98229 79479 , 2422 0600 / / 00Amit Enterprises , Promoters Builders Amit House, 1902,Sadashiv Peth,Bajirao Road,Pte 411030.

I

hireuarkI

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