Rs 300 crore super luxury mega residential project launched

Chennai:

A Rs 300 crore mega residential project built over six acres of land before Sholinganallur junction in Old Mahabalipuram is set to dot the skyline by 2014.

Adressing a press conference here on Wednesday director and chief executive officer of A S V Constructions Vaibhav B Kamdar said the super luxury project Alexandriea, which is designed by Singapore architects Team Three will have four towers each of 17 floors comprising 374 designer homes.

Interestingly, the property is sea facing and is a luxurious residential enclave with just a few kilometers away from Adyar and Neelankarai. The project will be built on 20 per cent land and will have 80 per cent open area with lush greenery over looking the Bay of Bengal.

There are three towers with three bedroom hall kitchen six apartments on each floor in size of 1,850 square feet. The fourth tower is the signature tower over looking the Bay of Bengal comprises of four luxurious apartments. These will be four bedroom hall kitchen of 2,750 square feet without wall sharing to ensure complete privacy.

The apartments is expected to cost more than a crore and Vaibhav says since they have been serving the IT clientele, it won’t be hard to market their property.

“In the last 10 years, we have been developing commercial complexes and IT parks with international standards, which houses 500 companies such as Cisco, Aricent Group, Posco, Renault, Nissan, CTS, Tata Motors, Cap Gemini, Deloitte to name a few. Now with OMR being declared as part of the city, we decided on developing a super luxury residential enclave targeting upmarket segement,” said Vaibhav.

Alexandriea will have top of the line recreational facilities like Club House with gymnasium and aerobic hall, badminton and multi-purpose courts, swimming and Jacuzzi, steam and sauna bath, squash courts, virtual golf court, tennis court, cricket net, foot reflexology and other facilities like service apartment, mini mart, 24/7 security surveillance, 100 per cent wi-fi connectivity and CCTV cameras, said Bharat Kamdar, managing director of ASV Constructions.