Magarpatta City is the first ever project in the history of real estate where a group of about 120 farmer families converted their land into an enterprise. Spread over 400 acres of land having residential complex, hospital, shopping complex, school, restaurants as well as the top leading IT companies. About 10 years ago, this area was owned by the farmers who were at risk of losing their land to urbanization. It is at this time that Mr. Satish Magar, the chairman and managing director of Magarpatta city and who owned nearly 100 acres of the land, gathered together all the families and convinced to get benefit from their land holding. Now they are all the proud stakeholders with holding stakes directly proportionate to their land. Magarpatta city is a city which is not made by taking away the lands from the farmers but it is made by the farmers.
Based on the walk-to-school, walk-to-work’ concept’ Magarpatta city is an effort to ensure a convenient, enjoyable, and a stress-free life for a family, providing all the basic amenities and facilities that a family would need. Children can walk to school thus reducing their travelling time. Special care is given to maintain the greenery, with about 120 acres of land being spared for gardens, trees, and various kinds of flora thus making it a pollution free city and a beautiful place to live in.
Magarpatta has the state-of-the-art Cybercity IT parks which enjoys the presence of leading global IT giants. Cybercity is blessed with international facilities. There are 12 towers and many other facilities which houses companies like Amdocs, John Deere, Accenture, Mphasis, Avaya, WNS, EXL, SYBASE etc. Refer to the link for list of all the companies in Magarpatta City
Now, when we booked our flat in 2005, we were not sure if all the facilities that the Magarpatta sales team was promising will be fulfilled. I am glad that Magarpatta team has fulfilled most of the promises if not all. One of the best things I see is that the maintenance fees is for lifetime and they have not charged a single penny so far. Garbage is collected every day from the door steps, our common area is cleaned at least 5-6 times a day, we get 24 hours water supply (solar heater), and there is a mini market inside where almost everything is available. As Magarpatta is environment friendly, we get 10% off on our property tax. Magarpatta is a booming place, and with the Mega shopping complex (Seasons) and multiplex (Cinepolis) coming up, I am sure that this is going to take Magarpatta to an altogether different level. I tried to paint an honest picture about Magarpatta city. Do have a look at my Picasa Album on this blog and write to me if you have any questions at pall.sheetal@gmail.com. You can also leave me a comment here, I will try to answer as quick and as best as possible.
Magarpatta City Official Website
Cinepolis
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