Pune-based developer Kumar Urban Development (KUDL) has embarked on two new residential projects in Mumbai, including a unique concept of sky villas. The 270-metre high tower, Kumar Coteur, with sky villas is coming up at Prabhadevi-Worli area. The project is so exclusive that each floor will have one villa and the distance between the villas will be 40 ft, the Financial Chronicle has reported. “It will have triplexes and duplexes, a plot in the air,” quoted Lalit Kumar Jain, managing director of KUDL in the report. Built on a one-and-a-half acre land with an investment of Rs 130 crore, it will consist of 24 luxury units and will be sold by invitation only. “The infrastructure work has begun”, Jain said, adding that it would be completed for possession in less than four years. Targeted at the premium luxury segment, the high-rise building will have a car parking for every floor to accommodate five vehicles. Each luxurious villa will comprise 14,000 sq ft area, including a terrace of 4,000 sq ft attached to living and dining area. The height between two terraces is designed to be equivalent to four floors. Every flat will have two extra family rooms. Prices have not been worked out yet, the report said. According to the report, KUDL has also entered into redevelopment projects. The firm would construct a 62-storyed high rise — Kumar Echelon — at Tardeo. Kumar Echelon will have the first home starting at the 12th floor. The other 11 floors would be for parking and common amenities. “Kumar Echelon is being developed with an investment of Rs 320 crore. The project, to be completed in four years, will comprise 200 units of 3-4 BHKs with an area of 3,300 sq ft and 3,800 sq ft. It is yet to be priced,” Jain was quoted as saying. Source:http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=6982&cat_id=1 Posted in Builders/ Developers, Mumbai, New projects Tagged: Kumar Urban Development, Mumbai, Villas
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Kumar launches sky villas in Mumbai
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