IVR Prime Urban Developers Ltd has announced that it has entered into the joint development agreement for the construction of high-rise residential apartments. The 9.6-acre community project at Kukatpally, comprises a built up area of 1.325 milli on Sft and a parking area for 1,200 cars.
The Rs 386-crore project consists of a 2 bed room apartments of 1,250 Sft, 3 bedroom apartments of 1,500 Sft and 4 bedroom apartment of 1,800 Sft each.
Amenities such as clubhouse, jogging track, landscaped open spaces etc will add value to the project.
The Project is designed to satisfy the growing residential property demand from the emerging middle classes in the key Cyberabad growth corridor.
The company is also set to Foray into the city of Visakhapatnam with its real estate development at Vedurvada, located near the Vizag Steel Plant.
The company's ongoing projects include the Thyme Park Project at Bangalore which is spread over 8 acres built at a cost of Rs 110 crore.
Link to the information: http://www.business-standard.com/common/news_article.php?leftnm=lmnu1&subLeft=1&autono=321394&tab=r
Link to the information: http://www.thehindubusinessline.com/businessline/blnus/02281305.htm
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