CHD Developers Limited will build four exclusive townships across north India. Named Active Senior Lifestyle Townships, these will comprise flats and villas and be targeted at senior citizens, with an investment outlay of Rs. 1700 crore. The uniqueness of these projects would be that they will comprise only ground floor villas and only those above 60 years of age would be allowed to own a property here.
CHD Developers plan to develop 7,000 such homes and villas in these projects planned for the cities of Karnal (Haryana), Rishikesh (Uttarakhand), Mathura (Uttar Pradesh) and Neemrana (Rajasthan) over a total land area of 350 acres at an approximate cost of Rs 5 crore per acre.
The first of these townships is slated to come up in Karnal and will be spread over an area of 100 acres and have approximately 2,000 villas. The project is expected to be complete by 2011 and the estimated cost for the Karnal Township is Rs 500 crore. The project in Rishikesh will be the largest with 150 acres of land.
Courtesy:- HT dtd:- 4th Oct.2008
No comments:
Post a Comment