Vascon to build premium realty project in Pune
Pune: City based Vascon Engineers announced on Saturday a Rs 165 crore residential project, where it wants to build high-end homes of sizes 2500 sq ft and more.
The first phase of the project, Willows, is nearing completion and will be delivered in the next six months, R. Va-sudevan, MD, Vascon said. The project will have 80 flats of 2500 sq ft each and 8 penthouses with area of 600 sq ft. The pricing for the project is Rs 4250 per sq ft, he informed.
Asked whether the time was right to launch such a luxury residential project in a market stagnated by low demand, Vasudevan said the project is in such a niche that has not lost any demand, the demand for high end real estate is intact, though that for the 1200 sq ft-1600 sq ft bracket has suffered, he said. Each house in Willows has been priced at about Rs 1.2 crore.
Vasudevan said the company will announce mid next year the second phase of the project which will comprise three towers of 25 stories each. "We are waiting for the fine tuning of the regulation that now allows construction of high-rise apartments," he added.
Willows, designed by Ban-galuru based Total Environment, will be a zero discharge project, with its own bio-gas plant and water treatment system. Utmost care has been taken in the design to use maximum natural light and ensure maximum reuse of water, he explained, tnn
Source:The Times of India
The first phase of the project, Willows, is nearing completion and will be delivered in the next six months, R. Va-sudevan, MD, Vascon said. The project will have 80 flats of 2500 sq ft each and 8 penthouses with area of 600 sq ft. The pricing for the project is Rs 4250 per sq ft, he informed.
Asked whether the time was right to launch such a luxury residential project in a market stagnated by low demand, Vasudevan said the project is in such a niche that has not lost any demand, the demand for high end real estate is intact, though that for the 1200 sq ft-1600 sq ft bracket has suffered, he said. Each house in Willows has been priced at about Rs 1.2 crore.
Vasudevan said the company will announce mid next year the second phase of the project which will comprise three towers of 25 stories each. "We are waiting for the fine tuning of the regulation that now allows construction of high-rise apartments," he added.
Willows, designed by Ban-galuru based Total Environment, will be a zero discharge project, with its own bio-gas plant and water treatment system. Utmost care has been taken in the design to use maximum natural light and ensure maximum reuse of water, he explained, tnn
Source:The Times of India
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
ReplyDeleteBetty
http://www.my-foreclosures.info
Thanks for sharing useful and informative information on Real estate market and opportunity to invest. I read your blog regularly to be updated of latest news.
ReplyDelete2 bhk in panvel