Hi Bijoy, Could you please let me know the prospects of IVY Greens (Vedic Village) from investment perspective?

Q: Are there any issues re. the road development at Greentech City or any promoter issues associated with this project?

Abhishek, Apartment Resident

18th February 2014

Investment Advice in Vedic Village IVY Greens, Rajarhat, Kolkata

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Replies (5)

What do you see as a potential rental opportunity here once the project is completed?

Abhishek, Apartment Resident

21st February 2014

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Thanks very much Promit for the quick reply. Who should we negotiate with for the best deal here? Indiabulls or some contact you have in Vedic Realty?

Abhishek, Apartment Resident

18th February 2014

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Hi all,
Can anybody provide the location advantages of the project and how is the infrastructural development in nearby sorrounding?

Sajal Das, Kolkata

18th February 2014

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Hi Sajal,
Ivy Greens is located within Vedic Village at Rajarhat. It is well connected to the rest of the city by easy access to EM Bypass and VIP Road through the Rajarhat Expressway on either sides. Premier educational institute like DPS Megacity, medical institutions like the Tata Medical centre and the IT Hub of Sector V are close to the project and easily accessible.
Key distances from major part of the city are:-
DPS Megacity: 5 min, 5.5 km
Tata Medical: 10 min
City Centre II: 12 min,10km
Rabindra Tirtha Rajarhat- 7km
Vedic Village - 0km from the project site
Dumdum International Airport- 20 mins, 9-10kms approx

Rajarshi Gupta, Kolkata

18th February 2014

Thank you very much for the details,
When is the expected date of possession for Ivy Greens, Rajarhat? Which are the major builders in this area?

Sajal Das, Kolkata

18th February 2014

Well Sajal,
Major builders in this area includes: Rameshwara Group, Siddha Group, MB Construction, Magnolia Infrastructure, GM Group, Loharuka Group, Rajat Homes, etc.
The expected date of possession would be December'2015.

Rajarshi Gupta, Kolkata

18th February 2014

your most welcome,
How is Rajarhat, Kolkata real estate for investment purpose? Is this project worth buying? How long one can expect a good return?

Sajal Das, Kolkata

18th February 2014

Well sajal,
I can only say that real estate in Rajarhat owes its growth to its close proximity to Kolkata’s business district. The real estate in this locality is booming every passing day and become the hot destination for many builders as well property seekers. Suppose you are investing here @ 2850/sq.ft, can a good returnafter 3-4 years.

The ROI (Return on Investment) has witnessed an increase of 5% Q-O-Q. This locality has excellent potential for growth and ROI, and investors are likely to see between 15 % to 20% returns annually.

Rajarshi Gupta, Kolkata

18th February 2014

Hi Promit,
I am a long term invester and looking to invest in the IVY Greens at Rajarhat, Kolkata. Can you provide me some details about the project location with current price/sq.ft?

Subhajit Rao, Kolkata

18th February 2014

Comment

Good Morning Promit,
Part of Vedic Village, one of the foremost luxury living destinations of Kolkata, IVY Greens at Rajarhat is an enclave of 23 blocks of G + 5 buildings offering 2 BHK apartments of 990 sq ft. @2850/sq.ft.

Promit Dutta, Kolkata

18th February 2014

Thanks Promit,
What is the current status of the project and the carpet area? What are the total nos of units available in it?

Subhajit Rao, Kolkata

18th February 2014

Your welcome Subha,
This project is under construction phase and piling work is in progress with 790 sq.ft carpet area. There are 23 towers and each tower has 20 units that means 460 is the total nos of units. In which 90 units have been sold out 370 units are available for booking.

Promit Dutta, Kolkata

18th February 2014

Is this project got approval and what are the basic amenities provided by the developer under this project? What are the other charges on ehave to pay like covered car parking, documentation and club membership charges?

Subhajit Rao, Kolkata

18th February 2014

Well Subha,
This poject comes under panchayat area and after fulfillment of legal formalities bankers are issuing loan for the property.
It also offers a bunch of lifestyle amenities that include clubhouse, swimming pool, spa, paintball, besides an international standard bowling alley. Residents at Ivy Greens will also have access to all world class amenities at the Vedic Village. Apart from that 3-4 years after possession the developer is going to construct 18 Hole Golf Course which will be the 3rd Golf Course in the Kolkata.

Other charges including covered car parking Rs. 2.5 lacs, club membership Rs. 1.5 lacs and electrification Rs. 150/sq.ft i.e.1.48 lacs.

Promit Dutta, Kolkata

18th February 2014

Hi Abhishek,
Ivy Greens is located within Vedic Village at Rajarhat. It is well connected to the rest of the city by easy access to EM Bypass and VIP Road through the Rajarhat Expressway on either sides.

Even i am looking to buy a apartments in this project and as per the discussion with the executive i found that their is no such issues regarding the road development or any promotor issues with this project.

Rajarhat is not just a residential town but also a commercial space. Real estate in Rajarhat owes its growth to its close proximity to Kolkata’s business district. The real estate in this locality is booming, many buyers are encouraged to buy a flat here. The current price in this area is 3500 to 4800/ sq.ft where the average property price is 3900/sq.ft varies from area to area.

This locality has excellent potential for growth and ROI, and investors are likely to see between 15 % to 20% returns annually. Average land prices are Rs 1800 per sq ft.

Promit Dutta, Kolkata

18th February 2014

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