Project Watch: Tata Value Homes, Delhi Annexe

Tata Value Homes has recently launched a residential project 'Delhi Annexe' in Bahadurgarh, Jhajjar in Haryana. The lucrative property in Bahadurgarh is designed by international architects, without compromising on quality.

Tata Value Homes has been an appealing option for customers looking for affordable homes. Will 'Delhi Annexe' meet the expectations of home buyers? PropTiger.com brings you a critical analysis.

The product
Delhi Annexe is spread over an area of 21.7 acres and offers 1,190 units for sale of 2BHK and 3BHK apartments. The super built-up area of 2BHK apartment ranges from 1,296 sq.ft. to 1,521 sq.ft., for 3BHK apartment it is 1,971 sq.ft.

It is useful to compare Delhi Annexe with Omaxe North Avenue and Umang Realtech Summer Palms as all the three is situated close to one another. Summer Palms offers 224 units in 12 acres; this means that the apartment density is 18.6 flats per acre; North Avenue offers 360 units in 10.25 acres this means 35.12 flats per acre. Delhi Annexe has a higher apartment density of 54.83 flats per acre.

Amenities
Some amenities offered in the project are:

• Indoor badminton court
• Table tennis
• Tennis court
• Meditation center
• 24x7 security
• Gymnasium
• Swimming pool

Property prices in the locality ranges between Rs. 3,000 per sq.ft. and Rs. 4,000 per sq. ft., whereas the average price in Delhi Annexe is Rs. 3,599 per sq.ft.

The builder
Tata Value Homes was incorporated in 2009, and is a subsidiary owned by Tata Housing Development Company Ltd. It has developed the New Haven brand for the affordable segment in India. It is developing integrated and mixed use townships across eight locations in four states.

Location
Delhi Annexe is located in sector 37, Bahadurgarh, Jhajjar, in Haryana, near the junction of Jhajjar road and Bahadurgarh bypass. The place is conveniently located and has good connectivity to all the major localities of Delhi such as Connaught Place, IGI Airport. It is also well connected to Gurgaon.

Some of the locational advantages are:
1. The project is located four kilometers away from the two proposed metro stations in Bahadurgarh -- City Centre and Bus stand.
2. Delhi Annexe is located very near to NH-10.
3) The region has plush green surroundings and peaceful environment.

Infrastructure and future prospects
Demand for residential properties in Bahadurgarh is increasing because of the expansion of industries which in turn has led to generation of employment opportunities in the area. Haryana Infrastructure and Industrial Development Corporation has invested approximately Rs. 100 crore in public infrastructure and industrial development in 2012. As a result, property prices here have witnessed a significant appreciation.

The social and civic infrastructure in Sector 37 in Bahadurgarh is fast developing. Some schools close to the project are PDM International School, St. Thomas School, etc.

Price comparison
Property prices in the locality ranges between Rs. 3,000 per sq.ft. and Rs. 4,000 per sq. ft., whereas the average price in Delhi Annexe is Rs. 3,599 per sq.ft. Therefore, considering the name of the builder and the amenities provided in the township, it is a good buy. Residential projects of Tata Value Homes have seen price appreciation of 40-50% in the past. This makes the project an attractive investment deal.  

PropTiger.com's rating

Overall recommendation
Delhi Annexe will definitely give good returns on investment. It is a good buy as the price is within the range of prices in the locality. However, end users will have to wait a little as the development of social infrastructure needs to gain momentum.

For more information about Tata Value Homes' Delhi Annexe, visit PropTiger.com.