Thread: Ozone Urbana
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Old 20-08-10   #53
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Quote:
Originally Posted by Nishant Sharma View Post
Not even in one place in the world has an area around an airport not followed up with development of a huge magnitude.
If it doesnt happen in Devanhalli, this will be the first one.

Anyway the amount of development lined up for the area (government) along with private development (century/prestige/mantri/hiranandani/sobha/brigade to name a few) of residential and buisness (SEZ) should not leave any doubts about the potential of the area in question. Infact the best part about the development of this area will be its all-inclusive nature and not just being confined to IT.

As far as the pricing goes -- hollywood town sells as 2550 psqft, tulip gardens, rashi orchids are quoting at 1850 and ofcourse their amenities are not even remotely comparable to ozone urbana.

HSRL and metro connectivity will change the landscape of region.

I couldn't agree more with Nishant's views .. Bang on !!!

Given the extent of development envisaged with the "ITIR", the HSRL, various other tech parks .... the area around the BIAL is only going to get hotter [ i.e. in terms of demand ] in the coming years. All this development is bound to fuel substantial requirement for accomodation (both owned as well as tenanted) .... which is bound to positively impact land rates further. This coupled with the various amenities "Urbana" will be offering it's residents .... the future looks excellent for "Urbana"

Let us not make the obvious mistake of comparing asking price of Urbana today with those of other simillar properties .... please note all the often other discussed properties (Utopia/The Retreat/Swiss Town/Hollywood Town/Tulip Gardens) are more or less complete in terms of their final offerings .. very little incrementally can / will be done to add value to these properties. On the other hand "Urbana" is today just a clean sheet of paper .. EVERYTHING is yet to happen. Surely today's rate of Rs.2100 per sqft will be more than justified even two years down the line

Just wait & watch .........
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