Pune Realty Gets New Push by Rs 9,000 crore Township

May 25, 2007	(3 votes, average: 2.33 out of 5)  Loading ...
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Earlier, Pune real estate was seeing no appreciation but the scenario has suddenly changed. Thanks to the City Corporation Limited Promoted Amanora Township project, which has already begun fetching prospective investors. Even before the launch was formally announced, the project saw a multitude of investors lining up for bookings.

The project boasts of selling off 50 apartments in a week at an average rate of 3,600 per sq ft. An apartment falling under the range of 1,200 sq ft – 3,900 sq ft. costs in between the range of Rs 50 lakh – Rs 1.5 crore. The construction of the first flat will not be over even 20 months from today. Amanora is a 16,000 apartment project, yet selling does not seem a major problem.

The Township will feature its own infrastructure facilities including water, electricity, and other utility services, school, and hospitals.  Amanora is in progress to work out the agreement regarding this. The company is in talks with Tata Power and Reliance Energy for generation of 120 MW of power.

For the development of hospitals, the company is planning to establish a new 75:25 JV company: Amanora Healthcare in a JV with six UK-based doctors.

The City Group is considering developing two more residential projects in Wagholi across 200 acres and near the Pune-Mumbai Expressway spread over 500 to 600 acres.

News Published Under:   Pune |

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