Owning a freehold luxury home in Shimla just got easier
(1 year ago)
Washington D.C. [USA], Apr 26 : Buying a holiday or second home in the lap of nature remains an attractive real estate investment proposition and now, there's a way to own a freehold luxury home in Shimla.
In a first-of-its-kind real estate endeavour in India, Imperial Reality and Developments launched the 2nd phase of the Rs 480 crore uber luxury project in Shimla, which is set to change the realty landscape in pristine hill station.
"Buying a property in Himachal Pradesh has been fraught with tedious processes and laws. Auramah Valley, is a Government of Himachal approved project which gives you the privilege of owning a freehold luxury home in Shimla," said Manav Singh, chairman Imperial Reality and Developments.
"We are opening up the 2nd phase and inviting applications for 100 homes comprising of 2 bedroom 1,600 sq ft is selling with a starting price of 1.1 crore, 4 bedroom duplexes (3500 sq ft) starting at Rs 2.7 crore, and Villas of 5,000 sq ft at Rs 5.6 crore," he added.
Located adjacent to the Naldera golf course at Shimla, Auramah Valley, an ultra luxury residential project is built over 20 acre land and 80 acre forest cover.
It has launched phase 2 with 100 exclusive residences comprising of signature apartments, luxury duplexes and super luxury villas to be delivered in the span of 14 months. This move comes after the successful completion and handing over of the first phase of 30 homes, with another 20 to be delivered by September 2017.
Auramah Valley is a luxury hill township that has 200 apartments, 50 duplexes, 20 villas, a clubhouse, a helicopter club and plush amenities spread across 100 acres. It is surrounded by snow covered mountains, gushing streams and breathtaking meadows.
With construction taking place on 20 acres, the residents at Auramah valley will enjoy 80 acres of forest, with a life time view of the valleys and mountains.
"The township will cater to niche clientele with a discerning eye for luxury, comfort and wellness. To ensure a harmonious community, all buyers are vetted by the screening committee to buy these 'limited edition' apartments," Singh noted.
Auramah Valley has also beaten the downturn in the real estate market giving a 50 percent return to its residents over the last 3 years. Less supply, almost no organised developer in the region, backed by high quality construction and on time delivery has enabled Auramah Valley to beat the markets.
Commenting on the launch Singh further said, "We are the only Luxury Real estate development in Shimla, and have lead the En-Vogue trend of luxury second homes in the hills. This is well reflected in the overwhelming response we received for the 1st Phase of Auramah Valley, which we have successfully delivered, to happy clients and on time."
Auramah Valley also has plans to launch fully-serviced senior homes as a part of the second phase. These will include only 14 homes of 700 sq ft to 1,000 sq ft and will be attached to the club house.
The state of the art clubhouse (the civil structure has already been completed) would have features like a world class spa, heated swimming pool, gymnasium, indoor and outdoor restaurant as well as a cigar lounge, cards room and a movie theatre. There will also be a secured play area for children, along with a tennis and basketball court
Situated at 22 kilometres ahead of Shimla, Auramah Valley is the only residential project which has a dedicated helicopter service (not just a Helipad). Thus, there would be a 24x7 pickup service from anywhere in North India to Auramah valley.
The valley will have a 24x7 clinic and scheduled doctor visits every day, as well as a department store for all daily needs.
Auramah Valley is also approved by a number of banks who provide home loans to the buyers.
Auramah Valley has made several provisions to ensure abundant water supply. It has large rainwater harvesting Tanks which can store over 10 lakh litres of filtered water, besides their own source of water from the stream, which is only 2 km below.
"Auramah valley is the "Gold Standard" of luxury residential homes in Shimla. Our aim is to bring back the glourious past of Shimla, the Queen of the Hills, and create a community of high living and high thinking people," added Singh.