Project Watch: IBD Universal Kings Park, Bhopal

IBD Universal Kings Park is an upcoming residential project in Bhopal. Let us explore this project in detail and see what is in store for buyers.

The Product

IBD Universal Kings Park is situated in a very good locality in Bhopal, the city of lakes. The project, spread over a large area, has 206 units of 3, 4 and 5BHK luxurious apartments in seven towers. The super built up area of these beautifully constructed apartments range from 1,570 to 2,310 sq. ft. In appearance, each apartment unit in this project is unique. The project is being built in a natural, pleasant environment. Residents can enjoy the greenery and landscaped gardens from the balcony. At Kings Park, you can live your life king size because this project offers excellent amenities.

Some of them are:

• Clubhouse
• Power backup
• Landscaped Gardens
• Intercom facilities
• Gymnasium
• Indoor Games
• Swimming pool
• Rain water Harvesting
• Badminton Court

The Builder

IBD Universal is a property arm of the IBD group of Companies. They have been in the construction industry for the past 14 years, and have successfully developed quality projects. Currently, of their 20 projects, 9 are under construction. IBD Universal's other projects in Bhopal are Revaa, Royal Citii and Indus Garden.

The Locality

IBD Universal Kings Park, Bhopal, is situated in Shahpura, an expensive locality in Bhopal that is well-connected to other parts of the city. The infrastructure in the area is excellent, with good roads, malls, schools, colleges, hospitals, banks, recreational parks and clubs.

Some of the locational advantages of the project are:

• The Shahpura lake is merely 400 meters away
• The Green Belt of MP is 0.7 kilometers away
• The Bhopal main city is 24 kilometers away
• Misrod railway station is 6.5 kilometers away

Infrastructure and Future Prospects

Shahpura is a rapidly developing suburb of Bhopal, India's 14^th largest and also one of the greenest cities. Shahpura is slowly emerging as one of the best residential areas in the city.

Currently, there are 24 residential projects in Shahpura. 13 of them are ready to move in, while 11 are under construction. Property prices in Shahpura have greatly fluctuated in the past 24 months. Property prices rose in early 2014, though they later began to stabilize. Now, property prices are again rising at a slow pace. Investors, buyers and builders would find this quite favorable. The average growth in property prices in the past six months has touched 7%.

Price comparison

The price of apartment units in IBD Universal Kings Park, Shahpura is Rs. 2,813 per sq. ft. This is slightly lower than the average price in the locality: Rs. 2,837. According to a survey of real estate experts, the average price of property in Shahpura is 0.17% higher than in other localities in and around Bhopal. The average price of a 1BHK apartment in Shahpura is Rs. 22.03 lakh, and that of a luxurious 4BHK is Rs. 76.04 lakhs.

Similar projects in Bhopal, like AG8 Venture Jewel, Alpine Greenage and AB star city are available Rs 3393, 2500 and 6190 per sq. ft. respectively.

PropTiger.com's rating

Overall recommendations

According to PropTiger.com, the project has a livability score of 8.3. (Livability score measures the quality of life of residents).

For assistance, please feel free to contact PropTiger.com.