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Indian Real Estate News : Chennai
Puravankara's luxury project in Chennai
Source: Apr 06, 2011
Realty firm Puravankara Projects has proposed to develop a new luxury property, Purva Windermere, in Chennai. The project will come up at Pallikaranai, located close to the IT corridor, over a 55-acre area.

Purva Windermere has been conceived as a peaceful and tranquil property within the hustle and bustle of modern city life. The apartments are being designed keeping in mind Chennai's tropical climate. Hence, the luxurious 1, 2, 3 and 4 BHK apartments will be spacious and airy with large sit-outs.

With the layout offering 77 per cent open space, Purva Windermere will offer state-of-the art amenities including two clubhouses, swimming pools, outdoor sports facilities, and provisions for supermarkets and parlours, among others. It has been planned to cater to every need to ensure an enriching lifestyle experience for the residents, according to the company.
The property will have over 2,650 units with space ranging from 616 sq ft to 2,707 sq ft and is expected to be completed in 48 months, according to Ashish Puravankara, joint managing director of the company.

The company has planned to complete the project in three phases. The first phase comprising over 700 apartments is expected to be ready in the next 30 months. The company has announced an initial offer price of Rs. 3,299 per sq ft. The project would entail an investment of Rs 1,700 crore including a debt component of Rs 225 crore.

Puravankara has already launched several projects in the city. These include Provident Cosmo City near Siruseri IT Park, Kelambakkam, developed by its wholly owned subsidiary Provident Housing, and Purva Swanlake, at Old Mahabalipuram Road (OMR), which are under development. A residential project, Purva Jade, at Valsaravakkam, has been completed and sold. It has ongoing projects totalling 3.6 million sq ft in Chennai.

The 36-year-old company has developed 36 projects, comprising both commercial and residential, in Mumbai, Bangalore and Chennai. It is at present developing 16 residential and commercial projects.

Tag: chennai property, real estate in chennai, chennai properties, apartments in chennai, chennai flats
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