Chintels launches Rs 450-crore housing project in Gurgaon
6 April 2014 4:27 AM IST
Real estate firm Chintels on Friday launched group housing project 'Chintels Serenity' in Gurgaon with investment of about Rs 450 crore.
The project will come up on 1 million sq ft in Sector 109 in Gurgaon, located on the edges of Dwarka Phase II. It will consist of nine high rise towers with 370 apartments in all.
Chintels India Managing Director Prashant Solomon said: ‘The size of apartments will be in the range, built-up area of 2,100 sq ft to 6,500 sq ft.’
Solomon added that in the initial phase they will launch 3-4 bedroom flats.‘The three bedroom flat with built up area of 2,100 sq ft and 2,375 sq ft will cost Rs 1.85 crore and Rs 2.10 crore respectively, while four bedroom flat with built up area of 2,925 sq ft would cost about Rs 2.65 crore,’ he added.The company will launch penthouses with built up area of 6,500 sq ft in the later stages of the project.
The total investment in the project would be around Rs 450, comprising of Rs 300 crore for development and Rs 150 crore as land cost. ‘This project is in line with our strategy of creating marquee projects, offering our customers the best value proposition and the pride of being a part of one of the region’s largest real estate developments in the recent times,’ he said.
‘We would like to complete this project by the end of 2017,’ he added.
The first phase of construction of Chintels Serenity has already begun and the project will be ready for possession by end 2017. The Group, which is the biggest land-banker in the region, estimates an investment of approximately Rs 5000 crore in developing nearly 15 million sq. ft. residential and commercial projects in the areas of Chintels Metropolis and Chintels Cosmopolis along Dwarka Expressway in both its Delhi and Gurgaon segments within the next 8-10 years.
Chintels group is developing 600 acres sectors 109, 108 and 106 of Gurgaon. Its another project Chintels Metropolis has been jointly developed with Sobha Developers and QVC Realty.
Besides, real estate development, Chintels is also actively focusing on key areas of citizen upliftment through its Nora Solomon Foundation. The Foundation is developing an educational institution to provide excellent schooling in Chintels Metropolis. It will also be involved in women and children welfare, healthcare and strengthening civil society.
The project will come up on 1 million sq ft in Sector 109 in Gurgaon, located on the edges of Dwarka Phase II. It will consist of nine high rise towers with 370 apartments in all.
Chintels India Managing Director Prashant Solomon said: ‘The size of apartments will be in the range, built-up area of 2,100 sq ft to 6,500 sq ft.’
Solomon added that in the initial phase they will launch 3-4 bedroom flats.‘The three bedroom flat with built up area of 2,100 sq ft and 2,375 sq ft will cost Rs 1.85 crore and Rs 2.10 crore respectively, while four bedroom flat with built up area of 2,925 sq ft would cost about Rs 2.65 crore,’ he added.The company will launch penthouses with built up area of 6,500 sq ft in the later stages of the project.
The total investment in the project would be around Rs 450, comprising of Rs 300 crore for development and Rs 150 crore as land cost. ‘This project is in line with our strategy of creating marquee projects, offering our customers the best value proposition and the pride of being a part of one of the region’s largest real estate developments in the recent times,’ he said.
‘We would like to complete this project by the end of 2017,’ he added.
The first phase of construction of Chintels Serenity has already begun and the project will be ready for possession by end 2017. The Group, which is the biggest land-banker in the region, estimates an investment of approximately Rs 5000 crore in developing nearly 15 million sq. ft. residential and commercial projects in the areas of Chintels Metropolis and Chintels Cosmopolis along Dwarka Expressway in both its Delhi and Gurgaon segments within the next 8-10 years.
Chintels group is developing 600 acres sectors 109, 108 and 106 of Gurgaon. Its another project Chintels Metropolis has been jointly developed with Sobha Developers and QVC Realty.
Besides, real estate development, Chintels is also actively focusing on key areas of citizen upliftment through its Nora Solomon Foundation. The Foundation is developing an educational institution to provide excellent schooling in Chintels Metropolis. It will also be involved in women and children welfare, healthcare and strengthening civil society.
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