DivyaSree Developers has launched two uber-luxury residential projects in Bangalore recently.
One of them, 1 North, would be located in Hebbal on a 4.7-acre site.
The project, with two 30-floor towers, would develop four lakh sq ft across 85 residential units.
“The project would be initially priced at Rs 7,500 a sq. ft, and the sales turnover from this project is expected to be between Rs 300 crore and Rs 350 crore,” Mr Bhaskar N. Raju, Executive Director, DivyaSree Developers, told Media.
The other project, 77° East, would come up on a 60-acre parcel off Old Airport Road, where the company already has constructed a 2.5-million-sq-ft office space.
Existing customers here include Logica and JDA.
The project also has 1.7-million-sq-ft of built-to-suit space here.
The project would also have a six-acre “round-the-corner retail hub and amenities to suit the IT hub”, said Mr Raju.
One of them, 1 North, would be located in Hebbal on a 4.7-acre site.
The project, with two 30-floor towers, would develop four lakh sq ft across 85 residential units.
“The project would be initially priced at Rs 7,500 a sq. ft, and the sales turnover from this project is expected to be between Rs 300 crore and Rs 350 crore,” Mr Bhaskar N. Raju, Executive Director, DivyaSree Developers, told Media.
The other project, 77° East, would come up on a 60-acre parcel off Old Airport Road, where the company already has constructed a 2.5-million-sq-ft office space.
Existing customers here include Logica and JDA.
The project also has 1.7-million-sq-ft of built-to-suit space here.
The project would also have a six-acre “round-the-corner retail hub and amenities to suit the IT hub”, said Mr Raju.
Residential segment
The residential segment, which would be added now, will include 77 luxury villas and 275 apartments.
Villas here are priced between Rs 5.5 crore and Rs 10.5 crore, and “we are yet to finalise the apartment pricing strategy,” Mr Raju said.
The company is also negotiating for another 15 acres adjacent to the project, for a joint development with a private equity firm.
“These would predominantly be a villament project, and would have 75 units. We are yet to arrive at a final design,” he added.
Mid-market projects
Besides, two mid-market projects would also be launched in North Bangalore this year, said Mr Raju.
The company also project launches planned for Hyderabad and Chennai.
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