Diwali cheer for homebuyers at a time when delayed deliveries are rampant in the sector
Pune: Bringing Diwali cheer to homebuyers, Duville Estates hands over possession of Riverdale Heights in Kharadi on time. Completing the project on time was made possible due to astuteplanning, state of the art execution backed by the implementation of cutting-edge construction technologies. Duville Estates has scheduled completion of the entire Riverdale Heights project by the first trimester of the next financial year, well within the timelines committed. The significance of this is critical while noting that the industry is reeling under the negativity surrounded by delayed timelines.
The successful completion of the initial two towers of Riverdale Heights is testament to the vision of Mr. Behram Dubash, the Chairman of Duville Estates who had made this investment in land parcel several decades ago identifying the potential of this location. The project has an unparalleled location and is extremely well connected to all the main and arterial roads.
The project has been designed Uha London, globally acclaimed architects and elevation specialists using a glass façade which allows for optimum amounts of light and cross ventilation. The project’s planning design ensures complete privacy and its interiors-room sizes are optimized to ensure full utilization of space and zero wastage. The project is IGBC Gold Pre-Certified and its interior planning is completely Vaastu compliant.
The project deploys the best high-rise construction technology by India’s construction giant, Shapoorji Pallonji Engineering & Construction. The project uses monolithic construction, an aluminium wall and slab system formwork which allows for an accelerated construction pace vis-à-vis conventional technology and most importantly delivers the highest levels of quality with superior strength and enhanced durability.
Riverdale Heights delivers a combination of 1 and 2 bhk apartments in sizes ranging from 482 Sq. Ft. for the former onwards to sizes ranging in between 722 Sq. Ft. to 768 Sq. Ft.
Duville Estates prides itself on setting new benchmarks in the industry by delivering an unparalleled product. This is very clearly visible in the delivery of the first two towers of Riverdale Heights.
Duville Estates has engaged the best-in-class consultants and contractors under the development manager, Ananta Landwise.
Addressing the homebuyers at the handover ceremony, Mr. Tushad Dubash, Director, Duville Estates said, “Despite the challenging times and high competition in the real estate sector, we have successfully set a new benchmark for ourselves as well as for our peers. When the industry is facing headwinds, we are handing over the apartments at Riverdale Heights to our homebuyers’ ahead of time. Homebuyers always trust a developer’s word on the completion date and we have gone a step ahead to drive home the point that residential projects can be delivered before time. We were confident of completing of fulfilling our commitment to our customers and home buyers.”
Mr. Devendra Gajbhiye, one of the first few residents of Riverdale Heights said, “Buying a first home in itself has been an experience for me and if possession of the flat is given before the projected time, it is an icing on the cake. For me, I have been able to save on rental cost that I have been incurring and the same amount can now be utilized to partially pre-pay my housing loan. Though the real estate sector is going through a tough phase, but the early delivery of Riverdale Heights will help in reviving buyers’ faith in credible and strong developers like Duville Estates.”
In Pune and in particular Kharadi, which is witnessing exponential growth due to the availability of good residential homes, excellent existing and new infrastructure coming up like the Kharadi-Shivane Riverside Road which will link Kharadi to Kalyani Nagar in approximately 11 minutes time. While Kharadi has grown at a CAGR of almost 8.62%, Riverdale has grown at over 15%. Another growth metric is while Kharadi has provided for an absolute return of 39.22%, Riverdale has returned an absolute of 75.47% over the period from 2015 until 2019; i.e even prior to possession being handed over.
Presently the real estate sector is grappling with overall slowdown in the economy. Several developers are struggling to meet deadlines but those having healthy business model and fair practices are able to effortlessly beat the competition. Under the given circumstances, homebuyers increasingly look for reputed realtors who can deliver on their promises.
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