Sobha announces villa project near new international airport
Ahead of the opening of Bangalore International Airport at Devanahalli, leading real estate firm Sobha Developers on Saturday announced the launch of their largest single location project.
By PTI |
BANGALORE: Ahead of the opening of Bangalore International Airport at Devanahalli, leading real estate firm Sobha Developers on Saturday announced the launch of their largest single location project, Sobha Lifestyle, in the vicinity of the airport area.
Sobha Lifestyle is also the largest villa project by the company in the city, J C Sharma, Managing Director, Shobha Developers Limited (SDL) told reporters.
Spread over 55 acres with 165 villas measuring 5000, 7000 and 10,000 square feet, the project is located around seven kms away from the airport.
The project cost is estimated to be around Rs 250-260 crore and is expected to be completed by end of 2010. The land owned by Rennaissance Developers is being jointly developed by Rennaissance and Sobha, he said.
"In keeping with world class international airport, we also plan to offer world class residential space", he said.
Some airline companies have evinced interest in purchasing houses for housing their pilots, since the housing project was in close vicinity to the airport, said Raghav Menon, Director, Sobha Developers said.
The villas, ranging from price points of Rs three crore to Rs 5.1 crore, would have state-of-the-art club house, gymnasium with sauna and jacuzzi, swimming pool, multipurpose party hall, table tennis room, reading, card and carrom room.
Other amenities include amphitheatre, tennis court, jogging track and CCTV for security. "The urban development project complies with environmental policies and conserving natural resources", he said adding, that the green component of the project includes usage of solar panels, rain harvesting and recharge of pits to replenish ground water.
Sobha Lifestyle is also the largest villa project by the company in the city, J C Sharma, Managing Director, Shobha Developers Limited (SDL) told reporters.
Spread over 55 acres with 165 villas measuring 5000, 7000 and 10,000 square feet, the project is located around seven kms away from the airport.
The project cost is estimated to be around Rs 250-260 crore and is expected to be completed by end of 2010. The land owned by Rennaissance Developers is being jointly developed by Rennaissance and Sobha, he said.
"In keeping with world class international airport, we also plan to offer world class residential space", he said.
Some airline companies have evinced interest in purchasing houses for housing their pilots, since the housing project was in close vicinity to the airport, said Raghav Menon, Director, Sobha Developers said.
The villas, ranging from price points of Rs three crore to Rs 5.1 crore, would have state-of-the-art club house, gymnasium with sauna and jacuzzi, swimming pool, multipurpose party hall, table tennis room, reading, card and carrom room.
Other amenities include amphitheatre, tennis court, jogging track and CCTV for security. "The urban development project complies with environmental policies and conserving natural resources", he said adding, that the green component of the project includes usage of solar panels, rain harvesting and recharge of pits to replenish ground water.
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