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Tulip Infratech to invest Rs 1,600cr on housing project

by Paul Joseph November 24, 2010 Uncategorized

NEW DELHI: Realty firm Tulip Infratech today said it will invest Rs1,600 crore over the next four years to develop a housing project in Gurgaon. The company would build 2,000 apartments in the housing project ‘Tulip Violet’ spread over 40 acres. “We have launched a new project in Gurgaon where we will come up with 2,000 flats in mid-income categories. The project cost would be about Rs 1,600 crore,” Tulip Infratech Managing Director Parveen Jain said. Jain said the project cost would be funded through debt, internal accruals and advances from customers. Construction would start in January next year and the entire project is expected to be completed in the next four years, he said, adding that the price of flats started from Rs 55 lakh ownwards. Jain said this was the company’s seventh project in Gurgaon. Besides Gurgaon, the company is also developing a housing project, comprising of 635 units in Sonepat, Haryana.

Tagged as: construction, housing, housing-project, price, project, years

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Q&A with Dr. Vijay Mallya

by Paul Joseph November 22, 2010 Uncategorized

Vijay Mallya, Chairman and Team Principal of the Force India Formula One team talks about the evolution of the Force India Team on the F1 circuit, and the chances of seeing an Indian racing in a Force India car.   Q: Can you tell us how Force India has evolved over the years and what we can expect in 2011? Dr.Vijay  Mallya: When we bought the Spyker team at the end of 2007 we basically

Tagged as: chairman, indian, over-the-years, years

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Kumar launches sky villas in Mumbai

by Paul Joseph January 22, 2010

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

Tagged as: development, financial, mumbai, years

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