Supertech Eco Village 8 Research Report

www.indianpropertyreview.com 1 for private circulation only

IPR RATINGS

Location

Facilities

Value for Money

Track Record

Overall Rating

LOCATION

Sector 1, Noida Extension

AME NITIES

� Club house

� Amphitheatre

� Artificial beach

� Fast food joints

SELLING PRICE

Rs. 2,075 ($41.5) per sq ft

MINIMUM AREA

1BHK – 550 sq ft

EXPECTED COMPLETION

September 2012

FOR DETAILS , CONTACT

T: +91-11-47079900

E: [email protected]

ABOUT THE PROJECT

Supertech Ecovillage is the new affordable housing project in Noida Extension,

Greater Noida. It aims to meet the requirements of all classes of people. In

Ecovillage, Supertech is providing 1 to 4BHK apartments in low rise as well as high

rise buildings. Supertech plans to give possession of the first phase of housing

within 10 months, and all possession in 30 months.

LOCATION

Supertech Ecovillage is situated in Sector 1, Noida Extension, which is 11km away

from Noida City Centre Metro Station. Indirapuram is around 6.5 kms away from

Supertech Ecovillage. Sec- 71 red light is 8 km far from the apartments. The

famous temple in Noida “Sai Mandir” is 8.5 km away from the apartments.

Crossing Republic is situated 4 km away from Supertech Ecovillage. We expect

Noida Extension to become the next budget housing hub in the near future.

FACILITIES

The facilities provided by Supertech Ecovillage include swimming pool, club

house, health club, beauty salon, indoor and outdoor games facilities, and good

parking space. It appears that residents would enjoy the amenities of Supertech

Ecovillage and have a healthy lifestyle. In addition to the above, Ecovillage also

has other features such as artificial beach, amphitheatre, fast food joints etc

which are normally not offered in other projects.

VALUE FOR MONEY

Supertech Ecovillage is offering its apartments at a selling price of Rs 2,075 per

square feet. The best part is that all other charges such as EDC, Firefighting

charges, IFMS, one open car parking, and one time lease rent are included in the

Basic Selling Price (BSP). PLC charges are as applicable. So, the total cost for an

apartment would range from Rs. 11.5 lacs to Rs. 50 lacs, depending upon the

choice of the apartment. We believe that these prices are fair and can be

afforded by even by the low income group and the middle income group.

TRACK RECORD

Supertech Group, was founded in 1988, and has set various kinds of new trends

and benchmarks of architectural excellence in the modern global scenario. The

company is ISO 9001:2000 certified, and has successfully completed 20 years of

business in the real estate industry. Supertech Group is trying to reach new

heights and touch the horizon of excellence. Till date, the group has successfully

completed various residential and commercial projects covering more than 33

million sq ft of land.

SUPERTECH ECOVILLAGE


OVERALL

We feel that affordable housing is the need of the hour and Ecovillage is just the

right project to cater to this segment. Noida extension is well connected by road

and is all set to become the next destination for affordable housing. The

proposed facilities are good and the price is reasonable as it includes the

additional charges. Therefore, one can expect reasonable price appreciation in

Ecovillage in future.

In our opinion, anyone with limited budget, thinking of buying an apartment in

Noida should definitely consider Supertech Ecovillage.


HIGHLIGHTS

• Choice of 1 to 4 BHK apartments

• Combination of Low-rise and High-rise buildings

• Area ranging from 550 sq ft to 2,275 sq ft

• 82% open landscaped area

• 4 central parks within the complex

• 4 sided open Vastu friendly plot

• Artificial beach

• Commercial area within the complex

• Fast food chains like McDonalds, Yo China etc.

• Basic Sale Price of Rs. 2,075 per sq ft (including add on charges)


1. LOCATION

Supertech Ecovillage is situated in Sector 1, Noida Extension, Greater Noida.

� CONNECTIVITY

• It will be well connected by road and will have easy access to

Noida, Greater Noida and Ghaziabad.

• However the Noida City Centre Metro Station will be around 11

kms. But a closer metro station can be expected in future.

� PROXIMITY TO SCHOOLS , HOSPITALS, SHOPPING

MALLS ETC

• Noida Sector 18 market would be around 15 kms away from the

site but since there will be a commercial complex within the township,

therefore the daily needs can be met and shopping etc can also be

done within the complex. Moreover, we also expect that many other

commercial areas / shopping malls etc will come up in this area in

future.

� NEIGHBORHOOD

• A number of residential projects are coming up in this area and we

expect that Noida Extension will become the next budget housing hub

in the near future.

� KEY DISTANCES

• Supertech Ecovillage is situated 11 km away from Noida City

Centre Metro Station.

• Indirapuram is around 6.5 kms away from Supertech Ecovillage.

• Sec- 71 red light is 8 km far from Supertech Ecovillage.

• The famous temple in Noida, “Sai Mandir”, is 8.5 km away from

the Supertech Ecovillage.

• Crossings Republik is around 4 km away from Supertech Ecovillage.

� OUR VIEW

• We feel that the location is above average, if not prime, and has

got future potential; therefore we give location 3 stars out of 5.


� LOCATION MAP


2. FACILITIES The facilities proposed to be provided by Supertech Ecovillage are at par or better

than the competitors. All these facilities would help a great deal in upgrading the

lifestyle of the residents. It appears that one would definitely enjoy the amenities

of Supertech Ecovillage and have a healthy lifestyle. Supertech Ecovillage plans to

provide the following facilities to its residents:

• Well designed complex with beautiful landscape

• Combination of low-rise and high-rise buildings

• 82% open landscape area

• 24 hours power and water supply

• 4 parks & 4 clubs

• Ample Parking Space

• Amphitheatre

� CLUB FEATURES

• Swimming pool & Health club

• Badminton & Tennis court

• Video game parlour & Pool tables

� SECURITY

• Guard room at main entrance

• Every tower to be well equipped with fire suppression system

• Intercom facility in all flats connected with security room.

• Round the clock customer care

� OTHER DISTINGUISHING FEATURES

In addition to the above, Ecovillage also has following distinguishing features

which are normally not included in other projects.

• Artificial beach

• Medical stores & Ayurvedic massage centre

• L’oreal beauty Salon

• Shopping complex with Eco-sustainable pub and Sushi bar

• Various fast food joints such as McDonalds, Yo China, Café Coffee

Day also plan to open their outlet in Ecovillage

� OUR VIEW

• We feel that these facilities are better than other similar projects

therefore we give them 4 stars out of 5.


Unit Width Length TotalBalcony 1 5 10 50

Balcony 2 5 5 25Kitchen 5 7 35

Drawing Room 10.5 12 126

Bathroom 4 4 16Toilet 4 4 16

Wash Basin 2.5 4 10Bedroom 10 10.5 105

Builtup Area 383Super Area 550

Builtup Area to Super Area 69.6%

3. VALUE FOR MONEY

Supertech Ecovillage is offering its apartments at basic selling price of Rs 2,075

per square feet and the total cost would be between 11.5 to 50 lacs depending

on the apartment size.

� BASIC SALE PRICE

• We feel that basic sale price is in line with the prices offered by

the other developers.

• Moreover, since add-on charges are included in this price

therefore it becomes more attractive and can be afforded by

both the low income group and the middle income group.

� ADD ON CHARGES

• Most of the add-on charges such as such as EDC, fire-fighting

charges, IFMS, one open car parking, and one time lease rent

are included in the Basic Selling Price (BSP).

• However, Prime Location Charges (PLC) will be charged as per

the location of the flat.

• Electricity Installation charges for 1kw, 2kw and 3kw are

included in the Basic Selling price for 1 BHK, 2 &3 BHK and 3+S

& 4 BHK respectively.

• Car Parking can be upgraded from open parking to covered

parking by paying additional Rs. 1 lac.

� BUILT-UP AREA TO SUPER AREA RATIO

• Normally, developers claim this ratio to be around 80% but in

case of Supertech Ecovillage, it is around 70%. For example, in

550 sq. ft. apartment, the builtup area is only 383 sq. ft.

• In our opinion, it is on the lower side as compared to other

developers.

� OUR VIEW

• We feel that by including most of the add-on charges in basic

sales price, the company has avoided hidden charges and given

a simple and fair deal to the property buyers, which is a

positive sign. Therefore we give it 4 stars out of 5 for Value for

Money.


4. BUILDER’S TRACK RECORD

Supertech Group, was founded in 1988, and has set various kinds of new trends

and benchmarks of architectural excellence in the modern global scenario. The

company is ISO 9001:2000 certified, and has successfully completed 20 years of

business in the real estate industry. The group has successfully developed many

residential projects, commercial complexes, hotels, shopping malls, and IT parks

covering more than 33 million sq ft of land. Some of the projects successfully

executed by Supertech are as follows:

� RESIDENTIAL

• Supertech Avant Garde

• Supertech Rameshwar Orchids

• Supertech Estate

• Supertech Enclave

• Supertech Residency

• Supertech Plaza

• Supertech Homes

� COMMERCIAL

• Shopprix Mall, Noida,

• Shopprix Mall, Vaishali

• Shopprix Mall, Kaushambi


5. OVERALL

We feel that affordable housing is the need of the hour and Ecovillage is just the

right project to cater to this segment. Noida extension is well connected by road

and is all set to become the next destination for affordable housing. The

proposed facilities are good and would help in upgrading the lifestyle of the

residents.

We liked the fact that the price includes most of additional charges and thereby

saves buyers from the hassles of adding up the hidden charges. We feel that the

price is quite reasonable as compared to other similar projects. Moreover one

gets the comfort from the fact that Supertech is a reputed builder and has many

successful projects to its credit.

We expect that as this area starts developing, there will be reasonable price

appreciation in Ecovillage. In our opinion, anyone with limited budget, thinking

of buying an apartment in Noida should definitely take Supertech Ecovillage

into consideration.


ANNEXURE 1: PRICE LIST

BASIC SALE PRICES (HIGH RISE)

Accommodation

Type

Super Area

(In Sq. Ft.)

DPP @

Rs. 1826/-Sq. Ft.

FLEXI @

Rs. 1950/- Sq. Ft.

CLP @

Rs. 2075/- Sq. Ft.

1 BHK 550 1004300 1072500 1141250

2 BHK 795 1451670 1550250 1649625

2 BHK 1010 1844260 1969500 2095750

3 BHK 1155 2109030 2252250 2396625

3 BHK 1340 2446640 2613000 2780500

3 BHK 1595 2912470 3110250 3309625

3 BHK 1750 3195500 3412500 3631250

4 BHK 2275 4154150 4436250 4720625

BASIC SALE PRICES (LOW RISE)

Accommodation

Type Super Area

(In Sq. Ft.)

DPP @

Rs. 1936/-Sq. Ft.

FLEXI @

Rs. 2068/- Sq. Ft.

CLP @

Rs. 2200/- Sq. Ft.

3 BHK 1595 3087920 3298460 3509000

3 BHK 1750 3388000 3619000 3850000

4 BHK 2275 4404400 4704700 5005000

ADDITIONAL CHARGES Sr. No. Particulars

01. Total price of the flat includes Basic Sales price, External Development Charges, Firefighting charges,

Interest free maintenance, Security, one open care parking and club membership, one time lease rent.

02. Electricity Installation charges for 1 kw is Inclusive in the above rate for 1 Bedroom Flat

03. Electricity Installation charges for 2 kw is Inclusive in the above rate for 2 & 3 Bedroom Flat

04. Electricity Installation charges for 3 kw is Inclusive in the above rate for 3 + Ser. & 4 Bedroom Flat

05. Car parking can be upgraded from open to covered by paying Rs. 1,00,000/- extra

06. * 1 sq meter = 10.764 sq. ft.

PREFERENTIAL LOCATION CHARGES Floor PLC Rs/per Sq.Ft. Floor PLC Rs/per Sq.Ft. Location PLC Rs/per Sq.Ft.

Ground 120 6th 60 Corner Flat 25

1st 110 7th 50 Park Facing 25

2nd 100 8th 40 Road Facing 25

3rd 90 9th 30

4th 80 10th 20

5th 70 11th 10


ANNEXURE 2: PAYMENT PLANS

DOWN PAYMENT PLAN

Sr. No. Particulars Percentage

01. At the time of booking 10 %

02. Within 30 days from booking 85 %

03. On offer of possession 05 %

FLEXI PAYMENT PLAN Sr. No. Particulars Percentage


02. Within 60 days of booking 40 %

03. On completion of foundation 09 %

04. On casting of basement slab 09 %

05. On casting of second floor slab 09 %

06. On casting of fifth floor slab 09 %

07. On casting of eighth floor slab 09 %


CONSTRUCTION LINKED PLAN

Sr. No. Particulars Percentage


02. On bhoomi poojan 10 %

03. On completion of foundation 10 %

04. On casting of basement slab 08 %

05. On casting of second floor slab 08 %

06. On casting of fifth floor slab 08 %

07. On casting of eighth floor slab 08 %

08. On casting of twelvth floor slab 08 %

09. On casting of fourteenth floor slab 08 %

10. On brickwork 05 %

11. On interior plaster 06 %

12. On flooring and tiles 06 %


TERMS AND CONDITIONS

01. Registration, Stamp Duty and other charges shall be payable at the time of offer of possession.

02. The Super Area include the covered area plus the proportionate area under common corridor,

passages, staircase, Mumties, Projections, Water Tanks etc.

03. Price is escalation free for the Apartments booked.

04. The terms and condition of sales stated herein are only indicative and are only subject to detailed terms

& condition in the Agreement to sell /Flat Purchase Agreement.

05. All buildings plans, layouts, specifications are subject to changes and modification as decided by the

company, architect or any other competent authority.

06. Timely payments of the installments are the essence of the Agreement.

07. 1sq meter = 10.764 sq feet


ANNEXURE 3: SPECIFICATIONS

Location Floor External Door and Window

Electrical Fittings

Walls Fittings Internal Door

Hardware Electrical Water Supply

Ceilings

Living Room

Vitrified Tiles

Power coated Aluminium with double Rebate

sheet and switches

oil bound distemper

-

Flush shutter with wooden frame

Oil bound distemper

Dining Vitrified Tiles


sheet and switches

oil bound distemper

-


Oil bound distemper

Bedroom Vitrified Tiles


sheet and switches

oil bound distemper

-


Oil bound distemper

Master Bedroom

Vitrified Tiles


sheet and switches

oil bound distemper

-


Oil bound distemper

Dressing Room

Vitrified Tiles


sheet and switches

oil bound distemper

-


Oil bound distemper

Exterior Finish

- - - Texture Paint

-


All doors and windows with metal fitings along with morbice lock on the main door

Copper wiring and PVC concealed conduit provision for adequate light and power points as well as television and T.V outlets with modular switches and protective M.C.B.S

underground and overhead water tanks with pumpe aand 24 hrs water supply. Individual R.O paint of standard make in each kitchen

-


ANNEXURE 4: SITE LAYOUT


ANNEXURE 5: FLOOR PLANS




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Documents

Supertech Eco Village 8 Research Report