Description - Priyadarshan Landmark India Ltd

The 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.
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 and
pleasant throughout the year.
Like all scenic spots, the magic of Bhandardara has to be experienced
to be appreciated; if you are nature lover, this spot should definitely
Appear 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 above
and 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!
Project 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 of
revenue generation.
Details of the Project
Just 180 km north east of Mumbai, Bhandardara spells charm and
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.
Details of the Project
The area has picturesque view and back waters.
The land scapes are eye catching and the unique feature of this area is
presence of dam, lake, waterfalls, fort, temple, ashram, trekking
destination etc.
Development of different tourism attraction with a theme as
per predominant land use pattern has been proposed.
As per a preliminary market survey carried out through discussions with
leaders in Tourism Industry, Architects, Planners and Policy Makers,
the entrepreneurs will be interested in investing in tourist activities
once the region is developed.
Proposed Tourist Activities As Per Market Survey.
Lake Resort
Water Park
“Nisarg” Ecotels
 Religious Center
Crafts / Artists’ Village along the
spine Botanical gardens/
Bio tech park
Naturopathy and Healing Centre
Beach Resort
Theme park
Tourist Traffic Survey
As per traffic studies carried out for the region, the peak tourist traffic at
Bhandardara is between April and November.
On the basis of the survey findings it is estimated that there will be a
increased tourist traffic in near future.
 Based on this, the entrepreneurs interests in investing in tourist activities
has risen.
Bhandardara has many attractions – from majestic Wilson
Dam to wondrous Arthur Lake. As legend has it, Shri Agasti
Rishi meditated here for a year, surviving only on water
and air. Pleased with this display of devotion God came down
to Earth and blessed Shri Agasti Rishi with a stream of the
Ganga river, which is now known as the Pravara River.
Built way back in 1910 on the
Pravara-River and standing 150
mts high, Wilson Dam is the
largest earthen dam in India- a
powerful testimony to the
engineering skills of days gone
by. At the base of Wilson Dam
there is a garden endowed with
thick greenery, streams and
gigantic trees- the latter, home
to hundreds of harmless fruit
bats that hand precariously
from the branches all through the day. During the monsoon, when
the level of the lake rises, the dam opens its gates to release
a torrent of water that finds its way down to the plains below.
You could stand at the edge of the garden embankment and enjoy the
cool spray, or visit the picturesque Umbrella Falls, which are another
major attraction during the monsoon.
Arthur Lake, a tranquil blue mirror amidst the dense greenery of
Bhandardara, is fed by waters from the Pravara River.
Placed 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.
At 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.
Agasti 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
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.
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 of
India (ASI), it is located in village called Ratanwadi which is base village
for famous Ratangad Fort.This place is very remote from the town
called Akole. The climate in rainy season is truely scenic,lush green and
Our detailed study & exercise led us to the conviction that
LAND IS LESS VOLATILE compared to mutual funds, stocks, equities,
Investment trusts etc. Haven't we all experienced and witnessed the massive
erosion of wealth & valuation in the past few months, on most investment
instruments mentioned above?
Priyadarshan Landmark India Ltd. is not one of them.
We are rather happy for our strategic decision to choose land over the other
mediums, as the preferred investment two years ago.
As for valuations, our investments have already appreciated over 100%, and
still going strong.
We would like to share the reasons why we feel that investing in land is the
best option within real estate compared to the much more
"touted & publicised options" of built up spaces in buildings.
Land is an evergreen, ever-growing asset. Brick & mortar assets like
buildings (mall space / office blocks) deteriorate with time, whereas
LAND DOES APPRECIATE, with time. Remember, some studies confirm
that the value of any commercial building becomes 'Zero' in 27 years.
Even when the building is useless & demolished, what is left behind is
2. Land is an asset from day one. It has very little lead time to mature from
purchase to progress. For e.g. If you are an early bird buyer for a
residential or commercial property, it typically takes 3-5 years for your
asset 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.
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 during
the period of ownership. Let me elaborate. Agricultural land if
invested into; can be used for farming. Post zoning, land use can be
changed and commercially used. Anything build on it can be
redeveloped, for e.g. the same piece of land could end up being used
as warehouse premise, commercial, residential, etc. etc.
Land affords simple investment management. Once bought,
it doesn't incur high costs compared to built-up products. It is most
likely that the land bought is self sufficient in deriving the
maintenance cost, whereas, the other products attract a continually
incremental maintenance.
5. if we analyze the supply Vs demand for real estate products
in our country, land as a commodity would remain in demand for the
next couple of decades. There is an acute demand for finished
products, which would have to be constructed on LAND. Hence,
investments in LAND are bound to grow, provided the buying
strategy is right. For e.g.: Bhandardara tourist flow is forecasted
to grow in recent times.
That necessitates almost another few hundreds of hectares to be
brought under development. Hence, invest in land today, rather than
wait for appreciation at a much later date; at much lower returns.
6. With the economy projected to grow at a fast rate, and with
disposable 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 under
development. Hence, invest in land today.
Land affords the "right balance in your real estate portfolio".
While investing in real estate, one needs to have a right product
mix to hedge the risk, with one or two products which are
low on risk and high on returns. That is what land promises
to be. Having said the above, we also advise our clients to
exercise the right amount of caution and source expertise while
buying land. Seek out experts rather than take the
'gut-feel-approach'. Analyze-understand-replicate success
stories in land as a portfolio rather than try to re-write a
success story. Remember, all leading developers in our country
grew at this scorching pace on valuations, using land as the
growth engine.
HAPPY LAND-ing!!!!!!!!!!

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