Monday, June 20, 2011

Vascon Engineers New Projects in Pune

With the advent of many IT companies and other corporate presence, Pune, a fast growing city in Maharashtra promises a heaven for many commercial and residential builders to exercise their repertoire with umpteen numbers of new construction projects in Pune. Of all the builders in Pune, Vascon Engineer is a name to be reckoned with for taking the Pune residential projects to an all time high with its internationally recognized standards that are implemented in all of their accomplished projects. 

Baner, just a few kilometres away from Hinjewadi—a growing IT hub, where thousands of techies are employed, would be a better place to stay at than any other places in Pune.

Pune-based Vascon Engineers, a real estate company, is developing a Rs 400-crore residential project in Pune called Willows, a new project in Pune, consisting of high-end, 2,500 sq ft to 3,000 sq ft homes and penthouses exceeding 6,000 sq ft. It would consist of four towers, each with over 65,000 sq ft area.

“The first phase of Willows is nearing completion and we will be able to deliver to our clients within six months,” R Vasudevan, managing director, Vascon Engineers, told Financial Chronicle. The project would have 80 homes of 2,500 sq ft each and eight penthouses of 6,000 sq ft each. He said the units would carry a tag of Rs 4,250 per sq ft. “Our prices are reasonable and even during boom time, we never exceeded Rs 3,000 per sq ft,” Mr. Vasudevan added.

Pune residential projects are being designed with the most modern amenities and faciities to pamper the modern day urban lifestyle. Eco-friendly design of Willows offers only two apartments on each floor, promising maximum privacy. The unique feature of the project is that every apartment has access to a private garden. Designed by Bangalore-based Total Environment, Willows claims to be a zero-discharge project, with its own bio-gas plant and water treatment system. The apartments have been designed to allow maximum natural light into the houses and ensure maximum reuse of water. Also, each house would have piped gas. Access to the apartments would be controlled through a high-tech security system.

Even lack of buyers could not deter Vascon from achieving its target segment. The company does not seem to be worried about the lack of buyers in a stagnant market with 25 per cent price correction in the recent past. “Ours is a niche project that has not lost its demands. We are catering to end users and not investors. There is still demand for high-end apartments,” Vasudevan said.

The second phase of Willows would consist of three towers of 25 storeys each, for which, permission is expected to come in the next few months. It would be launched in another nine months. Willows is being built over 18 acres, with 75% open and green spaces, because of podium parking.

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