Real estate firm SCSL Buildwell is coming up with a super luxury housing project in Sector 70A, Golf Course Extension road, Gurgaon. Christened as Neptune, the project will see an investment of Rs 240 crore to develop 108 premium apartments in two, 27-storey towers with 54 flats each. The base price of the project has been kept as Rs 6,000 per sq ft for bookings till January.

Each apartment, fully air-conditioned and spread over an area of 6,363 sq ft, will have five bedrooms with over 1,000 sq ft of party area. The flats, with a more-than-normal ceiling height of 11 ft, will have a separate gymnasium, jacuzzi, sauna, plunge pool, three-car parking and two-servant quarters. The project is expected to be ready for possession end of 2013. Meanwhile, the company has tied up with local landowners under an agreement of sharing a portion of the finished product.

“We are managing the design, selling and marketing of the project by ourselves. We are about to complete the foundation of the project. We will start the sale in January. The price is bound to increase considering the standard of luxury we are providing,” said Sudesh Malhotra, CEO of Buildwell.

Talking about sales expectations, he said, “We expect a sale realisation between Rs 550-600 crore depending on the market. We consider this one of the luxurious projects in India. The USP of the project is a huge lobby in the ground floor spread over 13,000 sq ft with a 18 ft high ceiling. The lobby with a gigantic aquarium provides views of lawns and water bodies.”

“This part of Gurgaon has a lot of developers coming up with luxury projects with prices such as Rs 18,000 to 19,000 per sq ft, and their projects are completely occupied. So, the demand for this kind of development is in abundance in Gurgaon,” said Malhotra.
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