Real estate major Sunil Mantri Group, has identified Bangalore as a strategic target for expansion with the launch of an integrated residential community project christened as Mantri Premero, in close proximity to major IT companies, the Electronic City, and ITPB. The total net worth of the project, would be Rs. 250 crore.
Speaking on the launch, Sunil Mantri, Chairman, Sunil Mantri Group commented, “Bangalore, being one of the most prominent landmarks on the world map, inspired us to develop good quality homes and spaces that are on par with world-class standards. Now, with Mantri Premero, Bangalore will have exclusive lifestyle homes with the blend of affordable amenities that integrate nature with every day dwelling”. Complete News here.
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The Launch of Township Project “The Empyrean” at Bangalore
Friday, October 16th, 2009FIRE Luxur Developer Pvt. Ltd. announced the launch of Phase 1 of its township ‘The Empyrean’ at Bangalore. FIRE Luxur Developers Pvt. Ltd. is a JV company formed between FIRE (First Indian Real Estate) Capital Fund, a Private Equity Fund focused on Indian Real Estate and The Nilgiris Group of Bangalore, with a project outlay of over USD 350 million.
The Empyrean is located on the outskirts of Bangalore, towards east of Whitefield, away from the congestion of the city. It’s proximity to five existing and upcoming IT Hubs, is expected to make it a preferred destination among the IT/ITeS professionals.
The low rise, low density residential development has multi- housing option including five spacious options of villas with sizes ranging from 2,095 sq ft to 5,500 sq ft, very attractively priced at an average overall price of Rs 2250 per sq ft. All the major amenities are clustered at the centre of the Township, with a Clubhouse, Primary School and Shopping Centre nestled around a Central Park, designed in neighbourhood cluster format providing easy on-foot accessibility for every resident.
The project has already received Environment Clearance from the State Level Environment Impact Assessment Authority, Karnataka and the Layout Plan Approval from Department of Town & Country Planning.The Empyrean will be developed as a modern ‘Garden City’, offering a differentiated proposition in a city dotted with frantic real estate growth.This is the third investment in India after ‘Silver Springs’ in Indore and ‘The Empyrean’ in Nagpur.
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fire luxur announces the launch of its township project the empyrean at Bangalore