Project Of The Week: TATA La Vida, Sector 113, Gurgaon

Gurgaon, commonly referred to as India's 'millennium city', has been flourishing as a real estate destination for both commercial and residential properties. Located in the National Capital Region (NCR) , the city is home to some of the global corporate giants that employ a large workforce. This large workforce further creates demand for residential property in the city, both in the affordable and luxury segment. To cater to this growing demand, Tata Housing has come up with its latest project, Tata La Vida.

PropGuide takes you on a tour of this project:

The project

The project Tata La Vida is being developed by Tata Housing. This housing project is located in Sector 113 of Gurgaon.  Apartments in Tata La Vida are available in sizes ranging from 1,276 sq ft to 1,576 sq ft, and the project spans across 12 acres and has 688 apartments up for sale. The tentative date for possession of apartments here is April, 2020. Units here can be purchased only through the developer. There are several amenities that the developer will offer to the residents. These include:

The locality

Located in Gurgaon, the project is in proximity to several industries and commercial establishments. It is also well-connected to the rest of the NCR.

Key thoroughfares: Najafgarh Kapashera Road, Bijwan Railway Station, Bajghera Road, Indira Gandhi International Airport

Educational Institutes: Basava International School, Presidium School, Red Roses Public School, DAV Public School, Mount Carmel School, The Maurya School

Health care centres: Metro Hospital, Dhanwatri Hospital, Columbia Asia Hospital, Dayal Hospital, Kalyan Hospital, Balaji Care Hospital, Bharadwaj Hospital

Banks & finance: State Bank of India, UCO Bank, Bank of Baroda, HDFC Bank, Axis Bank

Shopping and recreation: MGF Mall, Fun City, Kingdom of Dreams, Heritage Village

Infrastructure & future prospects

Sector 113 is one of the most expensive real estate areas of Gurgaon when compared to nearby localities, thanks to its proximity to the green belt. Some of the IT firms in the vicinity include Videocon Industries Ltd, HCL Technologies Ltd, Wipro Limited, Genpact and Convergys.

The price

Tata La Vida offers 2-BHK and 3-BHK apartments. The 2-BHK units are offered in 1,276 sq ft, 1,330 sq ft and 1,573 sq ft sizes, while 3-BHK ones are being offered in the size of 1,579 sq ft; all of these units are priced at Rs 8,500 per sq ft.

The developer

Tata Housing began its operations in 1984. Its primary function involves development of commercial, residential and retail properties. Mumbai, Goa, Lonavala, Gurgaon Vadgaon, Chennai, Kolkata and Bengaluru are the localities where the company has its presence at present.

PropGuide's verdict:

Overall recommendation

Given the good reputation of the developer and the location of the project, a property for sale in Tata La Vida is expected to have a good resale value.