One World Phase I: A New Residential Development in Aurangabad
This essay introduces “One World Phase I,” a new real estate project situated in the bustling city of Aurangabad, Maharashtra. Developed by SIMAR PRIDE VENTURES LLP, the project is registered with MahaRERA under ID P51500050146 and promises a modern living experience amidst the city’s vibrant atmosphere.
The project encompasses a total area of 16,470 square meters and is located in PratapNagar Shahnoorwadi, Aurangabad. The land, identified by CTS No. 16315, boasts a prime location on Peer Bazar Road, ensuring convenient connectivity within the city. “One World Phase I” will consist of five buildings, each rising to eight floors. A significant portion of the project, 1653 square meters, is dedicated to open recreational spaces, ensuring a harmonious balance between urban living and green amenities.
The development is designed to accommodate a wide range of residents with its diverse range of amenities. With a total of 483 closed parking spaces, residents can enjoy the convenience of secure parking. “One World Phase I” further prioritizes comfort and functionality by incorporating one basement, five plinth levels, three podium levels, and four stilt floors into its design.
The project has secured a sanctioned built-up area of 73,438 square meters, allowing for a spacious and well-planned layout. A further 2,000 square meters of built-up area is proposed and awaiting sanction. “One World Phase I” also boasts a significant permissible FSI of 75,438 square meters, demonstrating its potential for a successful and profitable development.
However, potential investors should be aware of the ongoing litigation associated with the project. It is crucial to conduct thorough due diligence and seek professional legal advice before making any investment decisions.
Despite the legal challenges, “One World Phase I” has the potential to transform the Aurangabad skyline. Its prime location, diverse amenities, and focus on modern living make it a compelling option for those seeking comfortable and convenient living in the heart of Aurangabad.