Kolkata based realty player Ambuja Realty in is coming up with 2 unique properties with a novel lease back scheme for both the properties at Raichak on the Ganges, 35 km off Kolkata.
The 2 new properties will also mark Ambuja Realty’s maiden entry into time sharing business. The Ambuja Realty group already has many residential & hospitality properties in the area, including Ganga Kutir, Ganga Awas & The Ffort Raichak.
Mr. Harsh Neotia, Chairman, Ambuja Realty said , “Ffort Villa and Spa Villa are coming up with a unique lease back scheme. The property will be leased back to us and we, on behalf of the owner, would be maintaining the house (unit) and renting it out when the owners choose not to stay in the villa. This exercise would not only help the owners earn a handsome return on investment but also enjoy a cost free & hassle free maintenance of their properties. Every year, we would be offering 30 regular room nights to the owners to stay in their villa, which can again be exchanged against a free stay at any of our existing hotel or resort at Raichak. But, free nights will lapse at the end of every calendar year & can not be carried forward to another year. However, the owners have the option of gifting their free room nights to any person of their choice”
Mr. Harsh Neotia also said, “We have been receiving overwhelming response from the NRI community for Ffort Villa & we have been tapping top professionals, NRIs and businessmen for Spa Villa. We have been receiving encouraging response for Spa Villa as well"
Highlights..!
* After the lease back scheme comes into effect, the administrational & operational requirement will be looked after by The Ffort Raichak.
* The Ffort Villas are designed as English clubhouse with the red brick walls, the tall pitched roofs, bay windows & wrought iron balconies.
* These villas are a luxurious 3 level 2 bedroom houses.
* Each villa is fully furnished with air conditioning and has a personal pool in its rear private pocket lawn.
* The entry level has the living and dining facility with a kitchenette & the above 2 levels have the bedroom suites.
* The Spa Villas, on their parts, are duplex villas, which are located around a mega size swimming pool.
* Spa Villas are luxurious 2 level one bedroom houses with covered patio.
* Every villa is fully furnished & has its own pool entry. This condominium offers host of spa facilities along with a rooftop jacuzzi, cabana on the terrace with an exotic river view.
* Both the properties have been carefully conceived & designed by the famed architect Mr. Vivek Singh Rathore.
* While the possession for Ffort Villa will be anytime soon, Spa Villas are expected to be handed over in the next 18 months.
* According to Ambuja Realty, Each of the Ffort Villa will have a total built up area of 1,456 square feet, which, at the time of the booking came with a price tag of Rs. 70 lakh, but its present market value is already over Rs. 1 crore.
* Spa Villas, which are offering total built up area of 2,100 square feet, are already selling for Rs. 75 lakh, although the inaugural price was Rs. 47 lakh.
.
About Ambuja Realty..!
The Neotia family has been an integral part of the business scene in Kolkata for about 120 years. Originating from Rajasthan, their forefathers settled in the city some time in 1890's being attracted to the opportunities for enterprise that the Kolkata city offered. Since then Kolkata has been their home and subsequent generations have been born and brought up here.
Patriarchs of the Ambuja Realty Group Mr. Suresh Neotia and Late Mr. Vinod Neotia started their entrepreneurial career in the mid 1950's. Their eldest brother Mr. Bimal Kumar Poddar was adopted by their maternal grandfather Mr. Janki Prasad Poddar, a partner of the celebrated firm "Tarachand Ghanshyamdas".
This was probably one of the first wholly Indian registered partnership firms during the time of the British occupation of India. It was a trading firm that had offices right from Karachi in Pakistan to Shanghai in China. It began with interests in banking and insurance and later diversified into distribution of petroleum products as a franchisee of Burma Shell.
Corporate Office
Ecospace Business Park
Plot - II /F/ 11 Block -A, 2nd Floor
New Town, Rajarhat Kolkata-700156
Phone- (033) 40406060 , Fax : 40406161
Registered OfficeVishwakarma
86C, Topsia Road (South) Kolkata – 700046
West Bengal
Phone: 91 33 22850028Fax: 91 33 22850610
email: writetous@ambujarealty.com
The 2 new properties will also mark Ambuja Realty’s maiden entry into time sharing business. The Ambuja Realty group already has many residential & hospitality properties in the area, including Ganga Kutir, Ganga Awas & The Ffort Raichak.
 |
| Mr. Harsh Neotia |
Mr. Harsh Neotia, Chairman, Ambuja Realty said , “Ffort Villa and Spa Villa are coming up with a unique lease back scheme. The property will be leased back to us and we, on behalf of the owner, would be maintaining the house (unit) and renting it out when the owners choose not to stay in the villa. This exercise would not only help the owners earn a handsome return on investment but also enjoy a cost free & hassle free maintenance of their properties. Every year, we would be offering 30 regular room nights to the owners to stay in their villa, which can again be exchanged against a free stay at any of our existing hotel or resort at Raichak. But, free nights will lapse at the end of every calendar year & can not be carried forward to another year. However, the owners have the option of gifting their free room nights to any person of their choice”
Mr. Harsh Neotia also said, “We have been receiving overwhelming response from the NRI community for Ffort Villa & we have been tapping top professionals, NRIs and businessmen for Spa Villa. We have been receiving encouraging response for Spa Villa as well"
Highlights..!
* After the lease back scheme comes into effect, the administrational & operational requirement will be looked after by The Ffort Raichak.
* The Ffort Villas are designed as English clubhouse with the red brick walls, the tall pitched roofs, bay windows & wrought iron balconies.
* These villas are a luxurious 3 level 2 bedroom houses.
* Each villa is fully furnished with air conditioning and has a personal pool in its rear private pocket lawn.
* The entry level has the living and dining facility with a kitchenette & the above 2 levels have the bedroom suites.
* The Spa Villas, on their parts, are duplex villas, which are located around a mega size swimming pool.
* Spa Villas are luxurious 2 level one bedroom houses with covered patio.
* Every villa is fully furnished & has its own pool entry. This condominium offers host of spa facilities along with a rooftop jacuzzi, cabana on the terrace with an exotic river view.
* Both the properties have been carefully conceived & designed by the famed architect Mr. Vivek Singh Rathore.
* While the possession for Ffort Villa will be anytime soon, Spa Villas are expected to be handed over in the next 18 months.
* According to Ambuja Realty, Each of the Ffort Villa will have a total built up area of 1,456 square feet, which, at the time of the booking came with a price tag of Rs. 70 lakh, but its present market value is already over Rs. 1 crore.
* Spa Villas, which are offering total built up area of 2,100 square feet, are already selling for Rs. 75 lakh, although the inaugural price was Rs. 47 lakh.
.
About Ambuja Realty..!
The Neotia family has been an integral part of the business scene in Kolkata for about 120 years. Originating from Rajasthan, their forefathers settled in the city some time in 1890's being attracted to the opportunities for enterprise that the Kolkata city offered. Since then Kolkata has been their home and subsequent generations have been born and brought up here.
Patriarchs of the Ambuja Realty Group Mr. Suresh Neotia and Late Mr. Vinod Neotia started their entrepreneurial career in the mid 1950's. Their eldest brother Mr. Bimal Kumar Poddar was adopted by their maternal grandfather Mr. Janki Prasad Poddar, a partner of the celebrated firm "Tarachand Ghanshyamdas".
This was probably one of the first wholly Indian registered partnership firms during the time of the British occupation of India. It was a trading firm that had offices right from Karachi in Pakistan to Shanghai in China. It began with interests in banking and insurance and later diversified into distribution of petroleum products as a franchisee of Burma Shell.
Corporate Office
Ecospace Business Park
Plot - II /F/ 11 Block -A, 2nd Floor
New Town, Rajarhat Kolkata-700156
Phone- (033) 40406060 , Fax : 40406161
Registered OfficeVishwakarma
86C, Topsia Road (South) Kolkata – 700046
West Bengal
Phone: 91 33 22850028Fax: 91 33 22850610
email: writetous@ambujarealty.com
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| Mr. Harsh Neoti |
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