DEVELOPMENT » Portland Park
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Portland Park primed for growth • From page 6 will need around 36,000 more homes including a variety of accommodation choices catering for young and old, large and small families, first home buyers and more mature occupiers, city dwellers as well as suburban households. Mistry says Portland Park aims to meet some of this need and townhouses have been sold to a mix of buyers including first homeowners, investors and retired couples reflecting the diverse nature of Hamilton. Portland Park Ltd is part of the Pragma Group which also includes clothing wholesale, retail clothing, property holding, residential housing and construction companies. Based in Hamilton Pragma Group is owned by Yogesh Mistry, Taruna Mistry and Sanjil Mistry, his parents Yogesh and Taruna who immigrated to New Zealand from Fiji in 1988. The family took over a small clothing business and has subsequently grown this and considerably expanded its business interests. “Being a family owned business we are able to quickly respond to our customers’ needs. “We can react to the market and make decisions quickly as well as being flexible when we need to be,” explains Mistry citing what he considers the company’s main point of difference in the market. Portland Park will be constructed by Pragma Construction, the Group’s commercial construction arm giving greater control over project timing and quality, says Mistry. Pragma Construction undertakes a variety of builds including shopping centres, commercial renovation projects, fitouts and light commercial building construction. Past projects completed by Pragma Construction include retail and industrial buildings at 85-87 Greenwood Street, Hamilton, Peachgrove
The Portland Park development will comprise 32 townhouses plus commercial spaces, and car parking. Shopping Centre and Silverdale Shopping Centre. In order to meet the growing needs of Hamilton Pragma Group’s residential building company Pragma Designer Homes is also being kept busy, says Mistry. The company offers a range of house plans, which often form a starting point for clients. “We then make changes as required so their home is unique to their requirements,” explains Mistry. The company employs an experienced team to work with clients and also works with a range of architects. Pragma Designer Homes builds in the Waikato and offers a turn key package right down to lawns and fencing. One unique aspect of the company is its price package.
“We do not ask the client to pay progress payments. We just require a 5% deposit, which is held in a lawyer’s trust account, and then payment on completion. “This makes it a totally risk free way to build for the client and the banks love it too. We are the only building company that we know of that offer this way of paying for a home,” he says. Pragma Designer Homes also offers house and land packages.
The company presently has packages available in Rototuna on a 450-550sqm section comprising four bedrooms, one living area, bathroom, ensuite and double garage for $469,000. Rototuna has been identified by Hamilton City Council as the current primary growth area for residential growth. Pragma Designer Homes also has packages in Saxbys Road for $399,000 including three bedrooms, one living area, bathroom and ensuite and a double garage.
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