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Bangalore firm launches Rs 500-cr real estate project

Source : BUSINESS_STANDARD
Last Updated: Fri, Dec 07, 2012 07:41 hrs

pThe project envisages construction of 424 two and three bedroom apartments across five towers Amenities include 20000 sft clubhouse that features a terrace swimming pool gym and an indoor badminton courtppBangalore-based real estate and infrastructure developer Salarpuria Sattva has launched its mixed-use development project Necklace Pride located on Necklace Road in the heart of the cityppSpread over 85 acres the Rs 500-crore project will have residential commercial and retail spaces comprising 16 million sft built-up area The project is expected to be ready by 2015ppAccording to managing director Bijay Agarwal the project envisages construction of 424 two and three bedroom apartments across five towers each consisting of 14 floors Amenities to be provided include 20000 sft clubhouse that features a terrace swimming pool gym and an indoor badminton courtppHe said the company had an upcoming 700000 sft commercial project Cyber Garden in the city that was nearing completionppIt was also planning to construct a 75million sft hi-tech city that was estimated to cost Rs 1000 crorepp&ldquoThough construction activities had slowed down in Hyderabad in the recent past we see immense potential in the city due to its excellent infrastructure support&rdquo Agarwal stated in a release here on Thursdayp

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