1. What type of Housing Units are available in this project?
The Empyrean Nagpur is an Integrated Township coming up at Nagpur Adjacent to Mihan,just within 500meters from Outer Ring Road. along theNational Highway NH 7. It will have Villas, Row Houses, Mid Rise and High Rise Apartments ,a mix of studio apt 1Bhk, 2 Bhk, 3Bhk,4Bhk & Penthouses, built on a land of 150 Acres. Surrounded by North: Asia's biggest IT SEZ (MIHAN)
West: Wena river
East: Natural Stream
2. Is the entire project being launched in one go?
We are launching this project in 4 Phases. Phase I - Grande is being initiated on 32 acres and will have about 600 Units. Comprising of residences, convenient shopping, clubhouse, ample parking, well designed landscape by our international master planner AEDAS, Hong Kong. The Empyrean Phase II - Vista, We have already launched it and it comprises of Row Houses & 1/2/3 BHK Flats. Phase III and Phase IV, which is predominantly commercial development proposed will be taken up subsequently.
3. Where is this project located? Is there an arrangement to see the site?
Project is located at 18 km from Zero Mile on the NH 7 500 metres from the outer Ring Road, adjoining MIHANon the North, New VCA Stadium at Jamtha on the East & Wena River on the West.
This place is well connected to the City and the Industrial Belt of Nagpur viz. Butibori and Hingna.
We have made adequate arrangements for taking our prospect customers to the site for a complete site visit. Our company representatives will help in giving a guided tour of the place and also be happy to answer any questions that you may have for them.
4. How far is this Township from various key locations?
The Proposed Township is very conveniently located from all the key points
2 Min from New VCA Stadium at Jamtha,
Adjoining MIHAN on the North.
11 kms to Dr. Ambedkar International Airport,
18kms from Zero Mile
15mins from Sitabldi (Morbhavan Bus Stop)
The site is strategically located & easily accessable from. Butibori and Hingna.
5. What is the arrangement for people who don't own any vehicle?
Connectivity to the township is good as MSRTC Buses plyi between the Township and the Bus Stand touching all important destinations of the city from 5.30am to 8pm.Regular Auto Rikshaw service on the NH 7 is quite existing .Apart from that Taxi Service on demand is available 24 hours a day.There is a Proposed Gurgaon Railway station & Kothewada also is being planned as future major MRTS project. We will also be making efforts to make the NMTC Authorities agree to run StarBuses to and from the Township. Today local Red Buses of NMTC ply on NH 7 and pass via proposed Township location.
6. What are the other developments coming around the proposed Township?
The New VCA stadium with the clubhouse at Jamtha is just 2 Minutes distance from our township Work of International D Y Patil School has been initiated & is just 5 Minutes away.The Health City by John Hopkins & Care is at just six minutes distance. The Suretech Hospital on NH7 is 10 Minutes. The Mega SEZ plan at MIHAN on 4534 HA , with the companies like Wipro, IBM, Satyam, HCL, TCS, TAL & the Boeing are all 10 minutes away. ,
7. Are there any good schools existing/ coming up near the Township?
A proposed School is coming up within the Township for 1500 students in an area of 05 Acres.catering to students from Kindergarten to XII Std. Besides there is Narayana Vidyalayam, Mundle Public School, Mont Ford, Ira International, St. Xavier's which are already operational in the vicinity. Some other leading names are seeking permission, acquiring lands in that belt to come up with International Schools.
8. Are there any good Hospitals existing/ coming up near the Township?
A 100 Bedded State of the Art Multispeciality Hospital is planned within the Township. Currently the nearest Hospital from the Township is Suretech (const. in full swing), Orange City etc. The Proposed Health City by John Hopkins & Care is at just six minutes distance .There are some other good hospitals Lata Mangeshkar Hospital, Hingna .
9. What are the main attractions of the Township?
Our Township is set amidst the calmness & serenity of Mother Nature.on the banks of Wena River on the West & a stream on the east, . We are committed to keeping the Nature intact while developing our Township. Some of the important attractions and features of our Township will be
Landscaped and Well Designed Green Area by international architects
Well Connected thoroughfare
Clubhouses to meet the recreational demands from a toddler to an adult viz. : Swimming Pool, Health Spa, Jacuzzi, Indoor Games, Party Area and Multi purpose halls
Proposed Golf area
Water Treatment Plant
Electricity Sub Station
Water bodies to give an experience of a natural habitat
Multi Disciplinary Play Area for different games
Ample Parking Spaces
International School to support 1500 students
100-Bedded Multispeciality State-Of-The-Art Hospital / Health Center
Multi Cuisine Food Court
Multi Utility Commercial Area including Multiplexes, Lifestyle Malls and the like
10. Is there any breakdown service available in or near the Township?
Yes. We are planning to have a Service Centre for Vehicles near our Township. Also we will be talking to some dealers to look at putting up a towing arrangement from the Township to the
nearest workshop .
11. Are the titles clear for the property and other Legal documents available?
The entire land parcel of 150 Acres has been bought by the Company. Permission for Environmental Clearances and detailed Master Plan to the Town Planning Authority have been submitted in the framework as required by the authorities.
12. What is the status of approval from the concerned Development Authority?
We have received in principle go ahead from the concerned authorities to develop this layout as per the Master Plan submitted. Proposal has been recommended by the Urban Development Ministry.Relevant NOCs from the various departments are available at our Office
13. When would the construction start for Phase 1 and when would the possession be given?
The Empyrean Phase I Grande, construction has already started, our Corporate Office is already functional at the site, a demo unit of apartment & Villa (construction already initiated) to demonstrate the quality of designing and construction. All fitments will be on display, landscape & greenery across 5 acres which is part of the township will be visible.
Possession for Phase I - Grande will be given 24 months after signing the Agreement to sale with you. The earliest date of possession will be January 2012.
14. How is the investment opportunity for this project?
As per the reports published by some Reputed market Research Firms, Nagpur is identified is the destination for IT and ITES development.. Over 300 international flights (between Europe and South East Asia, as well as South Africa and North-East Asia) cross over Nagpur everyday, making it the obvious choice for a HUB for passenger as well as Cargo. NAGPUR is also the 2nd Largest HUB for HAJ Pilgrimage in India. With existing Industrial Belt like Butibori & Hingna clubbed with yet another major development called MIHAN ,has brought a turbulence into reality boom in Nagpur when the likes of Satyam, Wipro, HCL, Caliber Point, IBM, L&T, Dell, Vipul, DLF, Shapoorji & Pallonji, Mantri Etc, decided to set up huge infrastructure and buildings / campuses forming the 4354 Hectares of SEZ-IT HUB at MIHAN, Nagpur. With the buzz surrounding us, Nagpur has become a hot topic in International Business circles .This itself would generate a massive , over 5 lac employment opportunities..
With this increase in employment, the requirement for quality residential space will increase.
Most people today are showing a trend towards staying in low rise developments. Our Township will be the largest one in this area providing complete in - house solutions to needs to the community.Therefore, there is very good scope for Capital appreciation as well as Rentals from this property in coming years
15. How is the funding position for this project?
FIRE Arcor Infrastructure Pvt Ltd is a subsidiary company of FIRE Capital Funds. Unlike most other developers who start the construction only after receiving some money from the customers, we operate on a totally different model wherein we have funds allocated to acquire land and start the construction process . The Empyrean is the First Real Estate Township project at Nagpur to receive Foreign Direct Investment from US through FIRE Capital Fund. FIRE (First Indian Real Estate) Capital Fund is a real estate centric private equity fund. Reputed investors in the FIRE Capital Fund bring extensive real estate experience both in Indian and the International markets. FIRE Capital's active participation in the funding and development of The Empyrean provides for timely deliveries, right pricing, high quality of construction and the highest standards of maintenance. Till date, FIRE Capital fund has invested in seven fully integrated projects of international standard across the country including cities of Chennai, Bangalore and Jaipur One of its seven €œjewels € is the renowned 139 acre township, Silver Springs at Indore . Launched in May 2007, Silver Springs sold it's phase 1 within 8 months of launch and today has close to 700 residential units under construction. This project has been awarded mega township status by Government of Madhya Pradesh
16. Can we change the specifications given by you?
Floor plans are fixed keeping in mind the space utilization and other engineering and architectural viewpoints. What you can do is upgrade to better specifications in terms of fitments and tiles and finishing. Our standard specifications are already better than the industry norms so in most likely case you will not feel the need to change them. But if you still wish to, you can do that at extra cost. Our Customer Relations team will assist you in the process.
17. What is the Booking amount that I will have to pay?
10 % amount of the total unit cost you are planning to buy.
18. When will the Sale Agreement take place?
We will have the Sale Agreement signed within 6 months (before the construction starts). At that time we will also be making allotments as per the order in which bookings have been made.
19. What will be the deductions incase I want to cancel my bookings?
Unfortunately we do not have a policy to refund the booking amount
20. What is the Cancellation policy after signing Sale Agreement with you?
In case the cancellations are done after Sale Agreement is signed, then 10% of the amount disbursed till the date of Cancellation. The same will be refunded to you within 45 workings days or to the Bank in case the property is hypothecated to the bank.
21. Who are the promoters of this project?
The Highest Heaven or The Empyrean is the fruit of the joint venture company, FIRE Arcor Infrastructure Pvt. Ltd. FIRE Capital Fund which is a Mauritius based, has invested in this joint venture company. The regional partner is the Arcor Group promoted by the Saraf's, Nagpur's trustworthybusiness house and a Delhi based Company active in international trade alongwith Jagdamba Realtors Pvt Ltd, a leading real Estate Development Company.The union of this Group and FIRE Capital has emerged as FIRE Arcor Infrastructure Pvt. Ltd. (FAIPL), the company giving wings to The Empyrean FIRE Capital has some very eminent personalities on their board. For more details you can check out their website www.firecapital.com.
FIRE Arcor has a highly experienced team from professional background along with the expertise of the Parent Company and Project partners, FIRE Arcor is committed to developing and providing solutions as promised to our customers in a cost effective way. We believe in providing Value for Money and honest approach to our work and commitments.
22. Are the payments linked to activity schedule or time bound?
They are both. We will follow a strict schedule for completion of certain milestones by a certain agreed time. Your payments will be required to be released on completion of certain activities but we will ensure that these activities are completed in a given time frame the entire product to be completed in 20 Months from date of signing of Sales Agreement.
23. Am I eligible for any discount on the agreed Sale price if I pay the amount upfront?
Yes, you will enjoy some special rates. The difference will be given to you as Credit Note which will be adjusted against your last installment or for up gradation that you may like at the time of possession.
24. What are the other statutory/ additional charges to be paid?
Maintenance Deposit, Stamp Duty, Registration Charges, Parking, MSEDCL Charges, Water Charges, Service Tax, VAT & Other government levies as applicable, Club House Deposit etc as given in the Pricing sheet will be applicable.
25. When will the property be registered in my name?
On receiving 100% payments as the specified schedule, the property will be registered in your name.
26. What is the transfer fee involved?
The Transfer fee will be 5% of the Sale Agreement value.
27. When will you handover the house to me?
After making all the payments as per the specified Schedule , the property will be handed over.
28. What are the amenities in this Township?
-Our Township is set amidst the calmness & serenity of Mother Nature.on the banks of Wena River on the West & a stream on the east, . We are committed to keeping the Nature intact while developing our Township.
The Empyrean Township comes with a host of amenities to make your life comfortable and easy. It also makes you feel as if you are going back in time less pollution, less traffic. It is self contained Township so you don't have to go anywhere once you are there.
Well Connected thoroughfare
Clubhouses to meet the recreational demands from a toddler to an adult viz. : Swimming Pool, Health Spa, Jacuzzi, Indoor Games, Party Area and Multi purpose halls
- Retails Shops
- Dispensary & Medical Shop
- Vet Clinic
- Nursery Schools & Crèches
- Lake Fronts & Water bodies
- Taxi on Call
- Bus Service
- 3 Tier Security
- Solar Heating and Solar Lighting
- Jogging Parks
- Walking & Cycling Tracks
Landscaped and Well Designed Green Area by international architects
Proposed Golf area
Water Treatment Plant
Electricity Sub Station
Multi Disciplinary Play Area for different games
Ample Parking Spaces
International School to support 1500 students
100-Bedded Multispeciality State-Of-The-Art Hospital / Health Center
Multi Cuisine Food Court
Multi Utility Commercial Area including Multiplexes, Lifestyle Malls and the like
29. What is the nearest place of work around the Township and which are the major companies located there?
Nearest commercial area is Butibori Industrial Area which houses Indorama Synthetics, KEC, Hyundai, Unitech, ACC, Nihon Castings Ltd, Mahindra & Mahindra, NECO, VIPand PIX Transmission. And the IT / ITES stalwarts like DLF, Satyam, Wipro, IBM, TCS, HCL spread over 4354 HA etc. next to our township. at MIHAN .This itself would generate a massive , over 5 lac employment opportunities..
30. How is the water problem being taken care of in the Township?
Our Township is surrounded by Lake Bodies. We will be recharging these lakes after treating the waste water generated from the Township. Along with this we will be developing Rain Water harvesting to capture as much rain water and use the same after filtration. With Water Treatment Plant ,Technology driven Reverse Osmosis Water Reservoir. Is proposed.
31. Are you doing something about tapping the Unconventional forms of Energy like Wind, Solar etc
Our objective is to go with Nature and we intend to collaborate with the Energy Efficient technology & sustainable infrastructure as the key aspects dealt in our Modern Integrated Township.
32. What experience does the FIRE Arcor Infrastructure Pvt. Ltd have in building houses?
FIRE Arcor Infrastructure Pvt. Ltd.derives its strength from the fact that it is supported by it parent funding company FIRE Capital and also it draws professionals from Real Estate Industry who have spent good years in some of the leading companies. It also has people coming from other industries with solid experience in FMCG, Durables Industry. Together with the FIRE Capital team and its partners who themselves are some of the best names in the industry FIRE Arcor Infrastructure Pvt. Ltd. has all the necessary ingredients to deliver the best housing solutions to its customers at an honest price and create value for them. The Highest Heaven or The Empyrean is the fruit of the joint venture company, FIRE Arcor Infrastructure Pvt. Ltd. FIRE Capital Fund which is a Mauritius based, has invested in this joint venture company
The regional partner is the Arcor Group promoted by the Saraf's, Nagpur's trustworthy business house and a Delhi based Company active in international trade along with Jagdamba Realtors Pvt Ltd, a leading real Estate Development Company. The union of this Group and FIRE Capital has emerged as FIRE Arcor Infrastructure Pvt. Ltd. (FAIPL), the company giving wings to The Empyrean.
33. What are the other projects going on by this Group across India?
FIRE Capital has acquired land banks across India currently the Indore Project which is spread over 135 Acres land is completing phase 1. For more details you can check their website
www.silverspringsindore.com . Company has signed a MOU with Rajasthan Govt. for developing a 1200 Acres Mega Township near Jaipur. Similarly project is now starting in Bangalore along with a local partner on a 300 acre . We have acquired land banks of 500 acres in Ahmedabad, * 100 acres in Dehradun & 163 acres of Residential Township in Chennai apart from 150 acres in Nagpur.
34. What will be the arrangement of Maintenance after 5 years?
We will be generating a corpus of funds. After 5 years, we will still continue to maintain the property till we handover all the three phases to the customers. Which will happen by 2011/12? Therefore we will effectively maintaining the property for about 3 years. Beyond the same it will be handed over a Facility Management Company due to economies of scale the loading per house will be reasonable.
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35. What is the difference between Carpet area, Built Up area and Super Built Up area?
Carpet area is the actual area that you get to live. Built up area includes walls and other spaces which is part of your house floor plan. Super Built up area is the area which includes your Built Up area as well as the common areas like Lifts, Porches, and Lobbies etc. We have designed our products in such a way that the ratio of carpet area to Built up area has been maximized. Due to large number of units, the common loading of amenities on an individual unit is minimized. So you get more space for the same money.
36 Will your Company help me if I want to resell or rent out the property?
We will help you in reselling your place if required. Also there is good opportunity to get rentals as MIHAN the hub of IT is close by and many people will keep coming to work here and therefore would need place to stay.
37 Will I get funding from the banks? Which Banks are tied-up with your project?
You should be able to get funding depending upon your disposable income. Normally you can get up to 40% of your income as EMI provided you have no other liabilities. For more details you need to check with banks. Regarding our project, currently our project is approved with HDFC Home Loans, LIC Housing Finance, Axis Bank, ICICI and have submitted all the relevent papers for approval with most of other banks. After that you can avail a loan from any of the leading banks. For terms & conditions you will need to check with the banks.
