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Ta price for high living

A dream home in the skies with all modern facilities is on offer for citizens aspiring slices of good life in the city.

The real estate sector in the city is poised to witness a transformation of the social infrastructure and amenities available in residential societies. Several swanky apartment projects are coming up, which would not only redefine group housing in the state capital, but also catapult the city into the arena of the metros where highrises are a way of life.

All this would, however, come for a premium —at least around Rs 40 lakh to Rs 1.25 crore. (See graphic)

Renowned architect Hafeez Contractor, who was in town on Sunday to launch one of his projects, said: “My projects in Bihar are on a par with those made by me in any other city, including the metropolises. They are made with the vision of providing the people of Patna with urban living pleasures. My projects are not just confined to residential flats but they would herald the concept of group housing. Considering the ever-rising demand in the real estate sector, there is a huge requirement of highrises in Patna.”

The 61-year-old legendary architect, who has set landmarks across all spheres of real estate, ranging from residential townships to commercial projects in five countries, is one of the officially empanelled architects of Bihar State Housing Board. He is also working on two private residential projects near Saguna Mor in western Patna, which would have G+12 and G+13 buildings.

Contractor has set aside 76 per cent and 40 per cent open space in the respective projects, ensuring that they are spacious enough. Setting new benchmark in terms of design, amenities and comfort, the projects have numerous amenities and social infrastructure like squash courts, jacuzzi, café, spa, meditation zone, banquet hall, and pool side party lawn among others, which Patna would see for the first time in residential societies.

However, all good things come with a premium price tag nowadays. Owning one of these swanky towers would not be everyone’s cup of tea owing to their exorbitant prices.

Arindam Guha, the director of Expression Buildtech Private Limited, said: “For the first time in the east, Contractor has designed the apartments based on the concept of independent living. There are no common sharing walls between any two flats, as we have left a gap of 6.5ft between them. The super luxury flats would offer modern amenities, private terraces, multiple balconies, servant rooms, individual gas pipelines and well-furnished lift lobbies with sofas on each floor. The bedrooms in all these flats have wooden flooring and we have the world’s best quality fixtures, including Roca sanitaryware and Jaquar bath fittings. We are buying the window frames from the Italy-based firm, Domal Aluminum.”

Guha added: “A mini commercial mall is also proposed in my project, which would have a shopping centre and food court, dispensary among other commercial facilities with escalators.”

City architects also echoed the concept of providing social infrastructure with the apartments.

“Till a few years ago, apartments used to be confined to smaller buildings with no or minimal open space, mainly because of scarcity of land. However, the real estate market in the city is changing. Bigger projects with provision of social facilities and amenity spaces are catching up. Such projects are mostly being developed in western Patna, which is ideal for developing the swanky apartments, provided the easy availability of large chunks of land, improvement in connectivity with the upcoming Sheikhpura Mor-Jagdeo Path flyover, recently opened railway overbridge, Patliputra railway station and Digha-Sonepur bridge among others. Apartments with ample amenities and open spaces instil community feeling in the residents and that’s why they are getting good response,” said Rakesh Raje, director, Smriti Architects Pvt. Ltd.

Though the prices seem a bit exorbitant for many, there are a few people who prefer class at any cost. “Though the project is yet to be formally launched, already 30 parties have expressed interested in booking our flats. These people are mostly bureaucrats, judges, businessmen and others,” said Guha.

Getting these flats is also not within everybody’s reach. “Our flats are for the ‘finest few’ because we want to strictly maintain the elite nature of our apartment. We are sending invites to few high-profile people from the city and they would be allotted flats only after screening of their proposals,” said Guha.