The last two years have seen an unprecedented realty boom in India producing some 200 budding builders all big, small or tiny ones a few of which have failed to see the dawn of the new era of realty’s rising sun. Hindustan Buildcon, with its enterprise in choosing rightest locales for its projects, keeping in view the needs of a common middle class/upper middle class category buyers or investors, has created a niche´ for itself amongst the latest upcoming builder Corporates. Soon the Group envisages to top the list of established realty Groups operating all over India.
To start with, let us cite the example of one of its main projects near Mumbai, namely New York Valley about which the following details self-explain for the Investors. The project has already got the N.A. (non-agricultural) approval from the authorities for development of a residential town, the work on which is going on at a fast pace.
New York Valley, an upcoming township spread across an area of approx.100 acres, is situated at Shahpur the largest Taluka in Distt. Thane,. Surrounded by hills of Sahyadris and Mahuli, Shahpur has been declared aTourism spot by the Maharashtra Govt., having the Mahuli Fort and Aaja hot-spots for trekking within its vicinity.
New York Valley is connected by road and rail touching Atgaon station, next to Asangaon connecting Shahpur town which is 85 kms. from Mumbai CST on the Central Railway Line. Shahpur is situated around 25 kms from Kalyan Rly.station, 45 kms.from Thane and 55 kms.from Mulund at the Mumbai Nashik highway.
Shahpur Taluka with New York Valley at its heart, is distinct for its various specialities. Apart from being an industrial area, having plants from industrial magnets like Jindal Steel and Liberty Oil, it has most of the dams supplying water to Mumbai namely Tansa, Bhatsa, Vaitarna and Modak Sagar, that make it a greener pastured area. Because of this peculiarity, Maharashtra Government has declared it a No Chemical Zone. Consequently, no chemical industry can exist in this area.
Shahpur has an average literacy rate of 87%, higher than the national average of 59.5%, bifurcating the male and female literacy to 89% and 84% respectively. Being a Taluka, Shahpur has a lot of schools and colleges. To name a few schools, GV Khade Vidyalaya, Janakalyan Vidyalaya, Marathi Mandal School, Zila Parishad Schools for boys and girls, PS Deshmukh English Medium School, Jindal School (CBSE Board) and Acharya Bhise Junior College, decorate the Taluka under the Shahpur Taluka Education Society(STES). A B.Ed.college and a D.Ed. college are being newly started to add to the plumage of Shahpur. Agriculture being its dominant economy, it is now tasting the residential fruits also enhancing its root values, in the shape of various townships including New York Valley.
The project, with changing trends is more apt for NRIs to invest their hard earned income in their native land with their desire to have an independent vacation home near their wanted city, Mumbai which is a little aloof from the dense hustle and bustle of the main city crowd in a serene and peaceful agricultural background. Apart from the residential, many NRIs are keen to invest in Indian realty for commercial property seeking their own enterprises.
Geographically, Mumbai, erstwhile known as Bombay, one of the busiest world ports, and its suburbs make the capital of the state of Maharashtra populating approx. 13 million(2006 figures) people off the west coast of sea. By 2015, the population is likely to rocketing for becoming the 4th biggest cities at a growth rate of 2.2% per year. The deep harbour and the port cargo handles over half of India’s passenger traffic and a voluminous export import quantum.
Known as Bollywood due to being world’s largest film producing industry, Mumbai enjoys a reputation for entertainment business, sky-scrapers, Ajanta & Ellora caves, Old historical monuments like Gateway of India, Essel amusement Park, apart from its commercial rarity with the National Stock Exchange (NSE) and the Reserve Bank of India having their headquarters in the city alongwith a National Park and gardens running along with the heavy traffic parallels. The immense business opportunity attracts migrants who love the high standard of living of the city apart from its beauty of having diverse cultures and languages mixed with the vernacular.
Needless to say, Hindustan Buildcon has segregated itself from the common stream of builders in choosing New York Valley near Mumbai for its investors as a self-sufficient residential complex, apart from its projects in pipeline in upcoming and excursion places like Rudrapur in UP, Shimla in Himachal, Dehradoon, Bangalore, Shirdi etc. The Company has a target of scoring 200 crores in the next three years with a repute on the construction turf that will be outstanding on the global scenario.
To serve the NRIs as one of its prominent mottos, the Company is committed to provide a luxurious life with taste and aspiration that too of international standards as has been depicted in the title of its project, commensurating with the NRIs’ lifestyles and needs.
