A proposed 15 acre gated apartment community in Goa with modern amenities set in a beautifully landscaped environment on the 6-lane NH-4A Bypass. Located only 10 Kms from the capital Panaji. Spread over 17 Acres in 2 Phases. The property lies on NH-4A, which connects Panaji to Belgaum is being expanded into a 6 lane road. Easy access to major tourist destinations. Access to Flagship offering, Balance - The Club, a family centric world class club. Total 632 Apartments consisting of 1BHK units starting 33Lakhs and 2BHK units starting at 63Lakhs.
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Project Highlights
- This Project is located only 10kms from the capital Panaji, in Goa. Spread over 17 Acres in 2 Phases.The property lies on NH-4A bypass, which connects Panaji to Belgaum, and is being expanded into a 6 lane road.
- Away from the crowded tourist attractions, the project location is the idyllic location that provides you a tranquil space away from the everyday hustle and bustle.
- Panaji is an island city, hence growth is restricted to only south east. Improved accessibility and planned infrastructure will further help this growth.
- The property lies on NH-4A, which connects Panaji to Belgaum is being expanded into a 6 lane road.
- As per the Tiswadi regional Plan, there is very little settlement land available in a 10x10 kms window in Panaji. Although prices are higher near NH-17, land mass around NH-4A has newer and better planned infrastructure as such over a period of time prices on NH-4A will catch up with prices on NH-17.
- Access to Flagship offering, Balance- The Club, a family centric world class club.
- Apartment prices in the vicinity like Panaji and Dona Paula are as high as Rs.10,000 - Rs.15,000 per sq.ft. making This Project a great buy at just Rs.4600/sq.ft
- Total 632 Apartments consisting of 1BHK and 2BHK units.
- Easy access to major tourist destinations.
- Pay only 15% on Booking, balance payment through bank finance.
- Posession by December, 2015 for Limited Units.
- Residential properties in the outskirts of all major cities have grown at 15% to 20% pa over the last 5 to 10 years horizon. This project is clearly on the outskirts of Panaji, as per the trend we can expect a growth of 15% p.a over the next 5 years taking the prices to 7000 psf.
- Balance- The Club is first of its kind in Goa. It will clearly differentiate Vida in terms of “living quotient” from other projects. A facility like that will fetch a better ROI compared to market trend, and a facility like this will add another 2 to 3% of premium.
Master Plan
- The Project phase I , consists of 12 buildings. 4 Blocks – A,B,E & F comprise of 2 BHK flats. 8 Blocks – C,D,G,H,I,J,K & L comprise of 1BHK flats
- 1 BHK units measure 600 Sqft and 2BHK units measure 1200 Sqft
- Every building has 4 floors and each floor has only 4 apartments.
- Close to 1 Acre open garden area exclusive to phase I.
- Dedicated stilt parking for every unit
- Balance The Club , membership at a preferential price for buyers in Phase I
Amenities
- Landscape Gardens
- Walking Track
- Covered Car Parking
- Visitor Car Parking
- Provision Electric Vehicle Charging
- Car Wash
- 1 Acre Manicured forest
- Picnic Area
- Open Amphitheater
- Spacious Lobby
- Guest Rooms
- Provision for Piped Gas
- Activity Centre
- Swimming pool
- Power Back-up for common areas
- Separate Commercial Parking
- Dual Club Membership
- Gym
- Card room
- Table Tennis
- Party Hall
- Provision for ATM
- Provision for Chemist
- Provision for Super Market
- Sewage Treatment Plant
- Rain Water Harvesting
- Storm Water Drainage
- CCTV Surveillance
- Non-Intrusive Lighting
- 24 Hours Security
- Mini Putting green
- Child Play Area
- Crèche
- Facilities for Drivers
Club Facilities*
- Wi-Fi Library
- World Class Gym
- Culinary Classes
- Indoor Cricket
- Indoor Football
- Indoor Volleyball
- Indoor Basketball
- Indoor Hockey
- Flood lit Tennis court
- Squash Court
- Star Gazing Gallery
- Min Golf Course
- Auditorium
- Flood lit Badminton
- Executive Suites
- Spa
- Cricket Coaching Classes
- Tennis Coaching Classes
- Badminton Coaching Classes
- Swimming Coaching Classes
- Foosball
- Carom
- Health and Fitness Classes
- Herbal Garden
- Restaurant
- Café
- Basketball Court
- Dance Classes
- Sports Conditioning for Kids
- Mobility Clinics for Elderly
- Pottery Classes
- Inspiranium
- Conference Hall
Location
- Sunshine World School: 0.2km
- Old Goa: 03km
- Carambolim Railway Station: 03km
- Goa Institute of Management: 05km
- Panaji City (KTC Bus Stand): 10km
- Kala Academy: 12km
- Bambolim (GMC): 12km
- Porvorim (Holy Cross Chapel): 12km
- Miramar Beach: 13km
- Kundaim Industrial Estate: 15km
- Goa University: 15km
- Dona Paula (NIO): 17km
- Candolim: 19km
- Goa Engineering College: 23km
- Baga Beach: 23km
- Dabolim International Airport: 27km
- Anjuna Beach: 27km
Faqs
- What is the Total Area of the Project?
Total extent of the project is 14.5 acres. Phase 1 is approximately 3.25 acres and Phase 2 is 11.25 acres.
- Is the Master Plan Ready?
Yes, the Master Plan is ready.
- What is the total number of floors in the apartments?
The building has approvals for Stilt + 4 levels.
- Who is the planning authority in this region?
Town planning Department, Tiswadi gives the technical clearance certificate and village panchayat has given the construction license.
- Is there a payment structure for my investment?
Yes. There is a payment structure for more details please
- Are the sizes of the apartments subject to change?
The sizes mentioned in this offer are subjected to ± 5% variation.
- Is there an additional floor rise cost that will be charged to the investor?
Floor rise will not be charged in this offer.
- How will the apartments be allocated to the investor?
Allocation will be done on a first come first serve basis.
- What is the loading percentage of saleable vs carpet area?
The loading percentage is estimated to be 30%
- Are there any other charges applicable?
Yes, the current cost is only for the apartment, there will be other charges like electricity and water meter fees, club house, maintenance, infrastructure charges, society formation, legal, other government charges, etc to be paid at the time of registration.
- What is the current status of the project?
Currently 85% work for the 2 BHK is completed.
- What are the amenities in the project?
Phase 1 of the project will have a walking/jogging track and a garden with sitting area. Phase 2 of the project has a provision to make a club house.
- Is there any provision for Commercial space in the Project?
Yes, there is a provision for Commercial space of 2000 sq. ft. in the Project.
- Is bank finance available for the project?
Yes, bank finance is available for the project.
- What are the current property prices in the vicinity?
The current property prices in the vicinity is in the range of *Rs.4650 – Rs.5200/- per square foot
- Can the property be resold, is there a lock-in period and what are the transfer charges?
Yes, the property can be re-sold by the investor only after full payment is realized. The transfer charges will be Rs.100/- per sq.ft.
- Can I resell the property without registering the same?
Yes, you can resell the property. The transfer fee as mentioned above will be applicable.
- Will the developer help me re-sell the property at the time of launch?
Yes, the developer can help the Investor to re-sell the property. The developer will charge 3% brokerage for the re-sale.
- When is the entire project expected to be completed?
The entire project is being developed in phases and is estimated to be completed by December 2018. The 2BHK apartments in Phase 1 will be completed by December 2015 and 1BHK apartments in Phase 1 will be completed by December 2016.
- In lieu of my investment what documents will I get from the developer?
The Investor will be issued an Agreement to Sell (ATS) on realization of the down payment.
- Is there a penalty liable on the developer if the apartments committed to the investor are not delivered on time?
The Developer will be given an additional 6 month grace period for the respective apartment completion dates as mentioned in Question 20 following which penalty rental of Rs.3 per sq. ft. on the apartment area will be paid to the investor every month.
