EmaarMGF, one of India’s leading real estate developers, Friday announced plans to invest $3 billion at 10 cities in south India over the next few years. It plans to develop over 31 million square feet area in Hyderabad, Tirupati, Chennai, Coimbatore, Cochin, Mysore and Mangalore.
The plans span residential, commercial and retail, IT parks and special economic zones (SEZs) and hospitality sectors.
The company made the announcement while unveiling an integrated world-class leisure and residential community around an 18-hole golf course built with an investment of $1.4 billion (Rs.56.10 billion) here.
The unique project, first among several projects planned in south India, boasts of world-class golf course, luxury residences, large format retail facility, luxury and boutique hotels and IT SEZ.
EmaarMGF, a joint venture of Dubai-based Emaar Properties and MGF Development, developed the ‘Boulder Hills Golf & Country Club’ on 531 acres in the heart of the IT corridor in Gacchibowli.
The picturesque golf course, spread over 192 acres, is dotted with the peculiar Deccan plateau rocks and several lakes.
The project will have 110 luxury villas with a price tag of Rs.150 million to Rs 240 million. The integrated township will have 2,700 units, with 703 units in the first phase. The developers said many luxury units were already sold out.
“The most unique thing about this community is this is the only one of its kind in the country to be built around 18-hole golf course,” said EmaarMGF CEO William R. Rattazzi.
The IT SEZ called “IT Green” will have a built-up area of three million square feet and was expected to provide 37,000 jobs.
In the special purpose vehicles (SPV) for the project, EmaarMGF holds 74 percent stake while Andhra Pradesh Industrial Infrastructure Corp (APIIC) holds 26 percent.
EmaarMGF (south) CEO Srikant Joshi said the company has a land bank of 13,000 acres in 26 cities across India. It has 1,500 acres in south India alone.
To a query, Rattazi said EmaarMGF might revive its plans to go public in 12 to 18 months.
Thai Indian
Cherai Beach in Vypin Island Cochin
Cherai Beach - near North Paravur is a new generation tourist hot spot with Golden beaches, (sand grains are big and looks like river sand used in construction, probably deposited by Periyar at some point of time) coconut palms corridors, backwaters, historical monuments.
CHERAI BEACH COCHIN
INDIA's answer to Florida and California A Silicon Valley in the making with beaches to relax for a fraction of the cost.Kochi is the preferred entry and exit point for travellers and entertains 2500 visitors and tourists to the city every day.Reason why, various multi-national and multi-million dollar projects have been announced lately that will perhaps change the face of the city, for good. Smart City Project at Kakkanad, Special Economic Zone, International Container Terminal at Vallarpadam Island, LNG Terminal and International Marina are just a few of them. The seabed has become a major transshipment point and strategic trade route between Arabia and the Asia Pacific, where even Queen Mary II routinely anchors during its voyages around the world.
VSNL's Primary International Gateway is in Cochin
VSNL's primary international gateway in India is in Kochi and this gateway handles around two third of the country's data traffic.This Gateway Exchange has both Satellite and Submarine Cable links.
CUSAT COCHIN UNIVERSITY OF SCIENCE AND TECHNOLOGY
Cochin University of Science & Technology (CUSAT) is a university in Kochi, also known as Cochin .CUSAT has entered into academic collaborations and exchange programmes with many notable institutions across the USA, Europe, Russia, Japan, France, Korea etcThe university has a 180 acre campus at Thrikkakara and a Lakeside campus at Ernakulam besides an Engineering College campus at Pulinkunnu, Alappuzha, the ‘rice bowl’ of Kerala. Located 15 km. north of Ernakulam city, the main campus at Thrikkakara houses Teaching and Research Departments, Auxiliary Institutions, Hostels, Guest houses, Visiting Faculty Complex, Coffee house, centre for Information Resource Management, University library, Post office, Bank, Health centre, Playgrounds, Courts and a Gymnasium besides the main Administrative Building that reminds you of the traditional Kerala architecture.Located 10 kms north of COCHIN CITY and 20 kms south of COCHIN INTERNATIONAL AIRPORT,on about 180 acres in Thrikkakara, the main campus is serene and beautiful. Rolling hills with patches of thick green and planted trees, plenty of fresh air and sunshine lift the spirits of students, staff and faculty. The main administrative block is built in traditional Kerala style with tiled roofs and is very functional.
CIBER City from the interior view
65,000 acres of land The project envisages a self-contained, hi-tech complex with its own comprehensive infrastructure, including power, expressways, telecom networks, desalination plants, biotech parks, special economic zones, IT/biotech parks, industrial parks, hospitals, educational institutions, hotels and amusement parks.
CIBER City a Mega City Project for Cochin
A new city created from the ground up. Cochin's own Manhattan having international quality roads,telecom networks and other amenities like Dubai's Palm City spanning 65,000 acres from the coast to the interior.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment