Alembic launches realty project in Bengaluru
Project to come up at Whitefield area, will have 636 luxury apartments in four towers spread over 8 acres
Nov 15, 2014
Source : Business Standard

 

Ahmedabad: Alchemy Real Estate, real estate arm of the 107-year-old Vadodara-based Alembic Group of companies is all set to enter the Bengaluru real estate market with the launch of luxury apartment project ‘Urban Forest’ on Friday.

The company announced that its first project in this southern city would come up at Whitefield area. ‘Urban Forest’ would have 636 two and three bedroom luxury apartments spread out in four towers over eight acres of land with two acres of amenities and three acres of green space in a lush wooded gated community.

The Alembic Group has developed over 10 million square feet of land including integrated residential townships, schools, industrial plants, commercial offices and hospitals.


Speaking about its foray into Bengaluru, Udit Amin, president of Alembic’s real estate business said,  “In a span of three years since our inception, we have been able to help transform living experiences through uncompromising quality, architectural excellence and intelligent design and look forward to doing the same in Bengaluru in the years to come.” The Bengaluru project would come up near Hope Farm Junction and just 2.5 km from the International Tech Park Bengaluru.

Alchemy has built two residential projects totaling over 900 residences in Vadodara, Gujarat, Shangri La and Samsara. Urban Forest residences have apartments ranging from 1314 to 1890 square feet.

The Bengaluru project would come up near Hope Farm Junction and just 2.5 km from the International Tech Park Bengaluru.

Alembic Group is one of the oldest industrial houses in India that traces its history to 1907. It has a diversified portfolio of businesses including pharmaceuticals, healthcare, glassware, engineering and chemicals. The Group's market capitalisation is Rs. 9,578 crore while its turnover is Rs. 2,200 crore.

Latest Realty News

Lack of clarity on land pooling angers farmers
Nov 15, 2014
GUNTUR: Farmers in the proposed capital region are growing restive with the cabinet sub-committee on land pooling failing to come out with a concrete assurance on compensation package
Plea to Khattar on 'integrated townships'
Nov 15, 2014
GURGAON: A city-based NGO, Aadhikar, and a group of residents have written to CM M L Khattar and MP Rao Inderjit Singh urging them to solve the problem of "integrated townships"
Hike in guidance value may hit flat buyers
Nov 15, 2014
Bengaluru: The recent revision of guidance values will increase apartment prices and add to the burden of people who are yet to register properties bought years ago
CBI arrests builder in Artha Tatwa fraud
Nov 15, 2014
BHUBANESWAR: The CBI arrested a builder on charges of embezzling Artha Tatwa (AT) Group funds
Taskforce on land submits report
Nov 15, 2014
BHUBANESWAR: Taskforce on Land headed by Revenue secretary Taradatt submitted its report to the Odisha government
Delhi government makes registration of all leasehold property sales compulsory
Nov 15, 2014
NEW DELHI: Delhi government took steps to not only put an end to the confusion among property buyers and sellers but also to contain the builder mafia
DLF to launch REITs next fiscal, plans Rs 3600cr CMBS
Nov 15, 2014
New Delhi: DLF, the country’s largest real estate company, plans to launch Real Estate Investment Trusts (Reits) in the next financial year
'BDA to Meet Housing Needs of City'
Nov 15, 2014
BHUBANESWAR: Vice Chairman of Bhubaneswar Development Authority Krishan Kumar said, the State Capital Region Development Fund (SCRDF), a corpus set up by the development body, has, so far, managed to mobilise `100 crore
DB Realty inks pact with ABIL for Bandra East MIG project
Nov 15, 2014
Mumbai: Real estate player DB Realty Limited signed a joint development agreement with Pune based-Avinash Bhosale Group (ABIL) for Bandra East MIG project
Building dept circulars must go online: HC
Nov 14, 2014
MUMBAI: The Bombay high court directed the BMC to be entirely transparent and place online all circulars issued by its building proposal department

Latest Realty News Of State

Realty Talk's