The plot twist

ON OF­FER In the pe­riph­eries of met­ros, themed plot­ted de­vel­op­ments are be­com­ing pop­u­lar. They of­fer you ameni­ties of luxe res­i­den­tial projects with themes such as sports, water re­sort and Euro­pean liv­ing

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE - Lav­ina Mulchan­dani lav­ina.mulchan­dani@htlive.com n

Plots are get­ting an up­grade. They are no longer just pieces of land con­nected by ba­sic in­fra­struc­ture such as con­crete roads, water sup­ply, elec­tric­ity and a park. For those look­ing to take the plunge, on of­fer are plots with spe­cific themes such as sports, vil­lages, and re­sorts.

The plot­ted de­vel­op­ments are get­ting at­ten­tion from lux­ury buy­ers, IT pro­fes­sion­als and Ul­tra-High Net Worth In­di­vid­u­als (UHNIs).

“They no longer buy plots for in­vest­ment, they want to build their sec­ond homes in­stead of buy­ing tem­plated ones,” says Gu­lam Zia, ex­ec­u­tive direc­tor of ad­vi­sory, re­tail and hos­pi­tal­ity at realty con­sul­tancy Knight Frank In­dia.

“Devel­op­ers are tap­ping these mi­cro mar­kets in the sub­urbs of met­ros to build plots with spe­cific themes, of­fer­ing ameni­ties of a luxe res­i­den­tial pro­ject to at­tract cus­tomers.”

Such projects are be­com­ing in­creas­ingly pop­u­lar in the larger metropoli­tan re­gions around Mum­bai, Chen­nai, and Pune. Devel­op­ers such as Wings Lifes­paces, Pu­ranik Capi­tol and Cen­tury Real Es­tate are of­fer­ing plots with themes such as sta­di­ums and Euro­pean liv­ing.

“We of­fer you gated com­mu­ni­ties with the­matic de­signs, high art and man­made forests,” says Ravin­dra Pai, man­ag­ing direc­tor at Cen­tury.

The themed plot­ted de­vel­op­ment projects have plots with ameni­ties that suit their spe­cific theme.

So a sports-themed plot has bas­ket­ball courts, turfs, a sta­dium and a club­house with in­door games. Malgudi Days has Warli paint­ings, farm spa­ces, and cottages for yoga and acu­pres­sure.

You get ac­cess to the ameni­ties when you buy the plot and pay an an­nual main­te­nance fee.

BUILD­ING BLOCKS

Raj Chattha, 30, a mar­keter from Bhandup, has in­vested in a themed plot­ted de­vel­op­ment called Cen­tury Sports Vil­lage in Ben­galuru.

He says it of­fers a rel­a­tively low buy-in and prom­ises good re­turns in the long run.

“The pro­ject has spa­ces for archery, fut­sal, cricket and foot­ball across 8 acres of space,” Chattha adds.

“It also has a club­house with in­door games and a gym­na­sium. I am a sports en­thu­si­ast, so the plot is an ideal place to build my sec­ond home.”

Chattha plans to build a house with an in­door mini-golf course and sports-themed in­te­ri­ors on the plot.

Cen­tury Sports Vil­lage is one of the three planned plot­ted de­vel­op­ment projects by the Ben­galuru-based de­vel­op­ment com­pany.

“Our two other projects, Cen­tury Ar­ti­zan and Cen­tury Eden, are based on themes of art and sus­tain­able lux­ury re­spec­tively,” says Pai.

“The projects are close to the air­port and hence ideal for hol­i­day homes, with a fo­cus on lush green spa­ces, art and well-main­tained roads in­side the projects. You hence get all the ameni­ties of a high-end res­i­den­tial pro­ject with the free­dom to build your home the way you want to.”

A SPORTS­THEMED PLOT WILL HAVE A BAS­KET­BALL COURT, STA­DIUM; A PLOT WITH THEME OF MALGUDI DAYS WILL HAVE WARLI PAINT­INGS, FARM SPA­CES AND COTTAGES

Wings Lifes­paces is of­fer­ing themed plots in Kar­jat, Khopoli and Alibaug. Kar­jat Wa­ters is re­sort-themed, has a pond and a bird sanc­tu­ary.

“Our pro­ject in Khopoli, called Malgudi Farms, has 17 acres of hor­ti­cul­ture and agri­cul­ture,” says chief marketing of­fi­cer Pu­nam Mishra. “And the pro­ject Des in Pal­ghar has yoga rooms, an Ayurveda park and Warli paint­ings.”

The pro­ject Kar­jat Wa­ters is re­sort­themed, has a pond and a bird sanc­tu­ary.

Alibaug Life in Alibaug, Mum­bai has sand­boxes and ar­ti­fi­cial beaches.

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