Hinduja Realty Ventures Plans 115 Acre Township
Published on April 22, 2013, 07:30 PM IST
First phase would be by taking on development of 4 properties situated in Bangalore and Hyderabad out of the Hinduja group's portfolio of FDI compliant properties. Besides development of Hinduja Group properties, it will also acquire new assets / plots / sites from third parties for development.
Hinduja Realty Ventures has big bets on North Bangalore for the availability of land parcels, good infrastructure and further improvements planned with holistic growth.
HRVL is all set to launch it's 115 acre integrated township in north bangalore. Located to the north Bangalore close to NH7 Hyderabad highway, appox 10 KM before the Bangalore International Airport. The builders have got all the approvals from the Govt. of Karnataka.
Integrated township development which would include IT, Health Tourism, Retail, Hotel and Residential Development with a total built up area of 12 million sq.ft.
- IT / ITES - 5.3 million sq.ft.
- Residential - 3.15 million sq.ft.
- Retail - 0.30 million sq.ft.
- Hotel and Serviced Apartments - 0.75 million sq.ft.
- Health Tourism - 2.44 million sq.ft.
The development mix of the project is quite interesting and makes it a good opportunity to invest or buy a home. The project is likely to be launched by the festive season this year ( October - November). We shall bring you the plans and prices shortly….
13th Mar-14- The builders have decided to push back the launch of this project further for better realization of land value.
Note: Planning and future business prospects by companies are subject to number of risks and uncertainties and the actual results could differ from forward looking statements. It is recommended to wait for official announcements post government clearances.
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