Bangalore-based Puravankara Projects recently launched a luxury project in a prime location in Kochi's picturesque Marine Drive. 'Purva Oceana', which will comprise 95 units,is a 12-storied building with two levels of parking, and overlooks the Bolgatty Palace and the Marina.
Oceana will feature three-bedroom apartments ranging from 2,536 sq ft to 3,417 sq ft. The starting price of each unit would be Rs 4,000 per sq ft and go up to Rs 8,500 per sq ft. The project is almost complete and will be ready for possession in 5-6 months' time. The company is strategically timing the launch closer to completion.
"The architecture is contemporary and classy keeping in mind the needs of the targeted upper-class buyers, while the design takes full advantage of the excellent waterfront location," said Jackbastian Nazareth, CEO, Puravankara.
Amenities in Oceana will include a swimming pool named 'Infinity' situated on the terrace, a jogging track and a large landscaped area, which would be called 'Skypark'. The children's play area is located on the first floor of the building. The ground level has extensive landscaping in and around the main building structure.
The company is also working on two large projects in Chennai and Bangalore. Puravankara's ongoing projects cover an area of 20.25 million sq ft, while it has 123 million sq ft of area for future development, which will be a mix of residential and commercial. So far, the developer has completed 33 residential and commercial projects and has 19 ongoing residential projects. Till date, 6500 homes have been handed over to customers.
The developer claims it has the distinction of being the first to obtain FDI in the Indian real estate industry through its joint venture with Singapore-based Keppel Land, the property arm of the 54 per cent government-owned conglomerate, Keppel Corporation.