2HILL STATION DEVELOPMENT BHANDARDARAHILL STATION DEVELOPMENTThe Project:To develop the bhandardara hill station which is about 180 kms. From mumbai and 140 kms. From kalyan.Nestled among the Sahyadri Hills, Bhandardara has all the makings of a beautiful holiday resort. Sky-high mountains, roaring waterfalls and lush greenery throughout the year, attract tourists from all over.
3Description:The drive from Igatpuri-Ghoti-Bari to Bhandhardara is very scenic,specially in Aug-Sept. The road passes through small villages with hardly any traffic. One can see nature at it's best.To reach Bhandardara by train, detrain at Igatpuri. The climatic conditions in this region are moderate andpleasant throughout the year.
4Description:Like all scenic spots, the magic of Bhandardara has to be experiencedto be appreciated; if you are nature lover, this spot should definitelyAppear on the top of your holiday destination list.Although it is a short journey, the sights are spectacular. Fluorescent green paddy fields contrast with bright blue skies aboveand the murky brown streams that crisscross the whole land. When it rains, and clouds descend from the sky to blanket the earth,the sight is truly breathtaking!
5Project Benefits Impetus to the tourism activity in the state. Generation of additional revenues for the government.Socio-economic development of Western Ghat of Maharashtra.Enhancement of the living standards of the people in the region.Effective use of the land and natural scenic attractions for the purpose ofrevenue generation.
6Details of the Project Location Just 180 km north east of Mumbai, Bhandardara spells charm and elegance.Bhandardara comes under Ahmednagar district of Maharashtra and is one of the finest jewels in the Sahyadri Hills. Bhandardara is quick escape from the hustle - bustle of Mumbai.Bhandardara is at an altitude of 750 meters above sea level. It is located on the banks of the Pravara River.
7Details of the Project The area has picturesque view and back waters. The land scapes are eye catching and the unique feature of this area ispresence of dam, lake, waterfalls, fort, temple, ashram, trekkingdestination etc.Development of different tourism attraction with a theme asper predominant land use pattern has been proposed.As per a preliminary market survey carried out through discussions withleaders in Tourism Industry, Architects, Planners and Policy Makers,the entrepreneurs will be interested in investing in tourist activitiesonce the region is developed.
8Proposed Tourist Activities As Per Market Survey. Lake Resort“Nisarg” EcotelsNaturopathy and Healing CentreBeach ResortTheme parkWater ParkReligious CenterCrafts / Artists’ Village along thespine Botanical gardens/Bio tech park
9Tourist Traffic Survey As per traffic studies carried out for the region, the peak tourist traffic atBhandardara is between April and November.On the basis of the survey findings it is estimated that there will be aincreased tourist traffic in near future.Based on this, the entrepreneurs interests in investing in tourist activitieshas risen.
10TOURIST ATTRACTIONBhandardara has many attractions – from majestic WilsonDam to wondrous Arthur Lake. As legend has it, Shri AgastiRishi meditated here for a year, surviving only on waterand air. Pleased with this display of devotion God came downto Earth and blessed Shri Agasti Rishi with a stream of theGanga river, which is now known as the Pravara River.
11WILSON DAM Built way back in 1910 on the Pravara-River and standing 150mts high, Wilson Dam is thelargest earthen dam in India- apowerful testimony to theengineering skills of days goneby. At the base of Wilson Damthere is a garden endowed withthick greenery, streams andgigantic trees- the latter, hometo hundreds of harmless fruitbats that hand precariouslyfrom the branches all through the day. During the monsoon, whenthe level of the lake rises, the dam opens its gates to releasea torrent of water that finds its way down to the plains below. You could stand at the edge of the garden embankment and enjoy thecool spray, or visit the picturesque Umbrella Falls, which are anothermajor attraction during the monsoon.
12ARTHUR LAKEArthur Lake, a tranquil blue mirror amidst the dense greenery of Bhandardara, is fed by waters from the Pravara River.
13RANDHA FALLSPlaced in the Igatpuri region of the Sahyadris is the Randha Falls. It is a 45 m high waterfall. The falls is 11 km from Wilson Dam. The water of the falls is used for generation of hydro-power. The falls is a tourist spot at Bhandardara. 10 km down river, the serenity is zonked by the thunder of the Randha Falls. The Pravara river plunks 170 ft down into a gullet and creates a breathtaking sight. This is the third largest falls in India. On the drops behind there are nearly a dozen huge beehives. They are very interesting to watch.
14MOUNT KALSUBAIAt 1,646 mts, Mount Kalsubai is the highest peak in Maharashtra A favourite of trekkers; it had great strategic importance during the Maratha wars as an observation post. There is a small temple all the top with an old well in its backyard. It is said that the water level in the well has never dropped below 3ft.
15Agasti Rishi Ashram This age-old dwelling is mentioned in the scripts of the Ramayana. It is believed that Lord Rama and his brother Laxmana visited Shri Agasti Rishi to seek his blessings. The Rishi gave Lord Rama an arrow, which he used to kill Ravana and rescue his wife Sita. The Ashram, situated on the bank of the Pravara River, continues to attract visitors
16Ratangad Fort This ancient fort was one of Shivaji’s favourites Ratangad Fort This ancient fort was one of Shivaji’s favourites. Very popular with nature lovers and trekkers, it offers spectacular views from its ramparts. Ratangad has a natural rock peak with a cavity in it at the top which is called 'Nedhe' or 'Eye of the Needle'. Ratangad was captured by ChhatrapatiShivaji Raje Bhosle and was one of his favorites. The base village Ratanwadi has a Amruteshwar temple which is famous for its carvings. The fort is origin for the river Pravara / Amrutvahini . The Bhandardara dam (arthur dam) is built on this river.
17Amriteshwar Built in 1100 AD, this temple has been constructed in the distinct Hemadpanthi style. Amruteshwar Temple is one of the temple of Lord Shiva with classic curvings , it is conserved by the Archaeological Survey ofIndia (ASI), it is located in village called Ratanwadi which is base villagefor famous Ratangad Fort.This place is very remote from the town called Akole. The climate in rainy season is truely scenic,lush green andClouded.
18BENEFITS OF INVESTING IN LAND IN BHANDARDARA, INDIA Our detailed study & exercise led us to the conviction thatLAND IS LESS VOLATILE compared to mutual funds, stocks, equities, Investment trusts etc. Haven't we all experienced and witnessed the massiveerosion of wealth & valuation in the past few months, on most investmentinstruments mentioned above?Priyadarshan Landmark India Ltd. is not one of them.We are rather happy for our strategic decision to choose land over the othermediums, as the preferred investment two years ago.As for valuations, our investments have already appreciated over 100%, andstill going strong.We would like to share the reasons why we feel that investing in land is thebest option within real estate compared to the much more"touted & publicised options" of built up spaces in buildings.
19REASONS FOR INVESTING IN LAND Land is an evergreen, ever-growing asset. Brick & mortar assets likebuildings (mall space / office blocks) deteriorate with time, whereasLAND DOES APPRECIATE, with time. Remember, some studies confirmthat the value of any commercial building becomes 'Zero' in 27 years.Even when the building is useless & demolished, what is left behind isLAND.2. Land is an asset from day one. It has very little lead time to mature frompurchase to progress. For e.g. If you are an early bird buyer for aresidential or commercial property, it typically takes 3-5 years for yourasset to be registered in your name, and to draw returns from them.One keeps investing money & time for 3-5 years, without returns.Land can be registered immediately, and can start delivering returns.
203. Land is one asset which affords the most flexible options, within the real estate products. You can choose to buy any size & dimension,any value, anytime. Besides, land can be put to multiple use duringthe period of ownership. Let me elaborate. Agricultural land ifinvested into; can be used for farming. Post zoning, land use can bechanged and commercially used. Anything build on it can beredeveloped, for e.g. the same piece of land could end up being usedas warehouse premise, commercial, residential, etc. etc.4. Land affords simple investment management. Once bought,it doesn't incur high costs compared to built-up products. It is mostlikely that the land bought is self sufficient in deriving themaintenance cost, whereas, the other products attract a continuallyincremental maintenance.
215. if we analyze the supply Vs demand for real estate products in our country, land as a commodity would remain in demand for thenext couple of decades. There is an acute demand for finishedproducts, which would have to be constructed on LAND. Hence, investments in LAND are bound to grow, provided the buyingstrategy is right. For e.g.: Bhandardara tourist flow is forecastedto grow in recent times.That necessitates almost another few hundreds of hectares to bebrought under development. Hence, invest in land today, rather thanwait for appreciation at a much later date; at much lower returns.6. With the economy projected to grow at a fast rate, and withdisposable incomes being higher, aspiration of green living, bigger houses,better amenities, affordable luxuries etc. would take over.Those can be achieved on bigger land chunks being brought underdevelopment. Hence, invest in land today.
227. Land affords the "right balance in your real estate portfolio". While investing in real estate, one needs to have a right productmix to hedge the risk, with one or two products which are low on risk and high on returns. That is what land promisesto be. Having said the above, we also advise our clients toexercise the right amount of caution and source expertise whilebuying land. Seek out experts rather than take the'gut-feel-approach'. Analyze-understand-replicate successstories in land as a portfolio rather than try to re-write asuccess story. Remember, all leading developers in our countrygrew at this scorching pace on valuations, using land as thegrowth engine.HAPPY LAND-ing!!!!!!!!!!