Category: Residential

The Amaryllis – 40 Acres of Luxury Living in Central Delhi. Being developed in various phases, with the first phase to be delivered in 2020, The Amaryllis would be the most iconic address and the most sought after location in Delhi.

The Amaryllis is located in Central Delhi and is only 3.9 km from Connaught Place, 4.9 Kms from Rashtrapati Bhawan and 5.9 Kms from India Gate. With mesmerizing views of entire Delhi including Central and Lutyen’s Delhi, The Amaryllis promises to give Delhites an experience like never before. It promises to present to Delhi the concept of Community Living within a Gated Complex with a Lifestyle yet to be experienced by Delhites in the Heart of Delhi.

The Emperius Club at The Amaryllis, coming in approximately around 1 Lakh Sq Ft would be one of the best places for all age groups starting from a toddler to a senior citizen. With facilities and amenities ranging from a Multi-Cuisine Restaurant, Banquet Hall, State-of-the-art Gymnasium, Aerobic Studio, Bakery, Indoor Games including Billiards / Snooker, Table Tennis, Home Theatre, Temperature Controlled Swimming Pool, Olympic Sized Outdoor Swimming Pool, Basket Ball, Squash, Badminton, Lawn Tennis, Yoga Studio, Kid’s Play Areas, Spa, Salon, Library, Coffee Shop, Rock Climbing Wall and many more activities for all the Residents at The Amaryllis.

 

 

Residents at The Amaryllis would enjoy the best of both worlds including one of the best Concierge Service Providers in India – Club Concierge. The concept of concierge, which still seems nascent would be a great advantage to the residents. They would be able to experience and get these concierge services anywhere, anytime and for anything. They can go on to book or plan their vacations, book train/flight tickets or even book hard-to-get event tickets. The residents at The Amaryllis would be able to create and conduct exclusive personalized experiences for themselves and their families.

The Amaryllis would also be having a One Kilometer Skywalk coming on the 20th Floor which would have mesmerizing views of Delhi including Connaught Place, Red Fort, Rashtrapati Bhawan, and the entire Central and Lutyen’s Delhi. Also, the skywalk would be having multiple facilities including Jogging Track, Splash Pools, Gymnasiums, Aerobic Studios, Kids Playing Areas, Skating Rinks, Viewing Galleries, etc.

The Amaryllis has been registered for the IGBC Green Home LEED Certification Program and is being constructed keeping Gold Rating in its perspective. Keeping the future in mind, Unity Group has designed The Amaryllis in a manner that will give a host of facilities to its residents including a Double Height Drop Off Porch, Double Height Entrance Lobbies in every tower, Multi-tier Security System, Optional Locker Facilities in the Basement, Automatic Car Wash, Business Centre, Laundromat and just about all the modern amenities which would make our lives simpler and easier.

 

 

The Apartments at The Amaryllis are being constructed using Post-Tensioned Slabs. PT Slabs offer the thinnest slab type, as concrete is worked to its strengths, mostly being kept in compression. Post-tensioned slabs are high-strength tensioned steel strands to compress the slabs, keeping the majority of the concrete compression. By using this technology, Unity Group has been able to create and construct apartments which do not have any pillars/columns in their span and have the maximum coverage as well as flexibility in designing. Thus, giving the residents a choice of innumerable options for making their dream homes. The Apartments at The Amaryllis are bespoke and give its residents an option for designing their dream homes in the manner desirable to them. Also, a host of independent interior designers are signed up for providing multiple options to its residents and these designers would be offering these options according to the client’s budgets.

Being built as per Seismic Zone 5 Standards, The Amaryllis would be one of the safest buildings in Delhi in terms of Earthquake Resistance.

The Amaryllis also has an iconic twin tower wherein the Interiors are being done by World Leaders in Home Interiors Versace Home and would be housing some of the most influential people of Delhi. This iconic tower is a G+47 Storey Building and is currently one of the highest approved buildings of Delhi.

The Amaryllis has been designed by World-Class Architects which include Benoy from United Kingdom, who have done the Masterplanning of the entire project, GPMA from New Delhi who are the Principal Architects of the Project, UHA from United Kingdom who are working on the facade, clubhouse as well as the Iconic Tower in the project, eConstruct from Dubai who are working on the Structural Aspects of the project, M. Paul Friedberg from USA and Sanju Bose from New Delhi for Landscaping, LDP from Australia for Lighting Design, MahaVastu for Vastu Consultancy, Renu Robin Design from Delhi, Faquih & Associates from Mumbai and Seetu Kohli Homes from Delhi for Interior Designing.

The Apartments at The Amaryllis come in 2, 3, 4 & 5 BHK Options and are being sold at a very reasonable costing from 1.85 Crs to around 9.05 Crs.

The Amaryllis is being developed by Unity Group.
Unity Group started in 1996 with a vision of creating transparency in Real Estate. In the process, Unity Group has been changing the skyline of Delhi. Now, with more than 10 Million Sq Ft of Commercial, Retail, Hospitality and Institutional Spaces delivered to satisfied customers, Unity Group has moved in the Residential Spaces with The Amaryllis being developed in Central Delhi.

Unity Group believes in transparent dealings, timely deliveries and epitomizing customer delight. Unity Group is a Zero Litigation Company and believes in delivering whatever they have promised and ensuring customer satisfaction to the optimum.
Presently, Unity Group is working on more than 20 Million Sq Ft of Real Estate in Delhi including The Amaryllis in Central Delhi; Vegas Mall in Dwarka and Unity Medical Research Institute in Pitampura. Also, Unity Group has recently delivered two multi-level car parking with retail development projects in collaboration with DMRC – Unity One, Janakpuri & Unity One, Rohini.

As expected, like any other Union Budget, this year too the 2019-20 Budget evoked a mixed reaction. While a section went euphoric citing it to be ‘revolutionary’ the other lot had lukewarm to indifferent reaction.

With its varied response, the Indian real estate sector was no different. While the budget did manage to bring a smile on the faces of affordable home buyers, on the other, it has also evoked mixed reaction from another section.

So how has the budget impacted the Indian real estate market? Has it been favourable or unfavourable?

Broadly speaking, the real estate sector which is currently sluggish will benefit from the budget. However, the industry experts feel that the government has failed to address some major concerns.

As we know, Demonetization had a crippling effect on the real estate sector. Not only it impacted its growth and the rate of purchase, but changed the paradigm of property buying where property was treated as a mode of investment.

Where the new properties saw a downfall by up to 40 per cent in metropolitan cities, the new projects, on the other hand, witnessed a fall of up to 11 per cent. Construction work too got affected resulting a standstill in many under-construction units.

However, the affect remained for few months only and the sector picked up its pace slowly and gradually. The interim budget trailer pointed towards a blockbuster movie but it scored slightly above average.
Let’s check out how fair the Union Budget 2019-20 have scored for the real estate sector:

Rental Housing

The Union Budget 2019-20 throws a light on the new model tenancy act that will help in clarifying the fair relationship between the lessor and the lessee. The new law will hopefully boost the rental market and will contribute in strengthening and streamlining the same.

The proposal to increase the TDS exemption limit for rental properties from ₹ 1,80,000 to ₹ 2,40,000 per year. Complete details on rental housing will soon be circulated to the states as it is finalized.

Affordable Housing

Taking a big leap, the budget earned a lot of appreciation countrywide for making affordable housing more affordable. Focusing more on the central government’s pet scheme – Pradhan Mantri Aawas Yojana – in both rural and urban areas, the FM announced further deduction of ₹ 1,50,000 on the payment of loan interest.

With the total deduction rising up to ₹ 3,50,000, the step is expected to invite more people to purchase houses not costing above ₹ 45,00,000. However, there is a slight catch in this. According to some experts, the assessee will not be able to enjoy the complete benefit of the taxing scheme as the total interest payable in a year would not exceed ₹ 3,50,000 bar.

Hence, the affordable home buyer will not be able to claim complete deduction. There are some more terms and conditions attached to it:

• The sanctioning of the loan should fall within the period of April, 2019 to 31st March, 2020
• The cost of the house on the stamp duty should not exceed ₹ 45,00,000
• The property in question should be protected under the affordable housing scheme category
• There should be no residential property on the name of the buyer at the time of loan sanction

Infrastructural Development

The current budget has put a core focus on building path for India’s high growth by emphasising infrastructural development. According to the field experts, this area has high potential to synchronise the housing demand and supply.

The central government has allocated a budget of ₹ 100 lakh crore for development through infrastructure for a duration of 5 years. It is expected to make India a $5 trillion economy by 2024-25.

Also, the central government has deployed new technology in building affordable homes falling under PMAY scheme.

RBI To Regulate HFCs

According to the new budget, hereon RBI will regulate the Housing Finance Companies, bringing the powers of National Housing Bank (NHB) at rest. This step would ensure a higher uniformity in HFCs and NBFCs regulations. This will also enhance the liquidity support for these sectors.

Failed to Address the Middle-class

The first-time middle-class buyers from Tier-1 and Tier-2 metro cities seems to get no benefit from the budget. The cost of a 1-2 BHK apartment in cities such as Mumbai, Delhi and Bengaluru will be nearabout ₹ 50 lakhs and above. Hence they cannot enjoy the benefits of deductions under affordable housing scheme.

No Space for Industry Status, Liquidity & GST reforms

The real estate sector for long has been demanding the industry status but this also left unanswered in the said budget. This results into difficulty in getting legitimate finances from financial institutions.

Further, the government also failed to address the liquidity crisis that the real estate sector is facing since long. This has resulted in decreased interest of investors towards the real estate and the budget 2019-20 failed to revive their interest again.

Also, the government did not address another major concern, that is, single window clearance for projects. The clearance from various departments take up to 36 months for a project to start, thus delaying the delivery.