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

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
Tenders to be floated soon to develop two smart cities: Government
Nov 14, 2014
MUMBAI: The Centre has identified two places — Dholera in Gujarat and Shendra-Bidkin in Maharashtra — for developing them as smart cities
Indiabulls AMC planning to raise Rs 1,000 crore via realty fund
Nov 14, 2014
MUMBAI: Indiabulls AMC Ltd is planning to raise a total of Rs 1,000 crore through a real estate fund
Land curb heat on Mamata - Babul fires reforms salvo
Nov 14, 2014
Calcutta: Central minister Babul Supriyo said the Bengal government’s failure to bring in reforms, such as scrapping land ceiling rules, was to blame for central funds drying up for urban development projects
Govt to relax exit option for FDI in real estate
Nov 14, 2014
New Delhi: In order to give a thrust to its ambitious plan of ‘homes for all by 2022’, the Government is planning to make exit easy for foreign investors
Puravankara Projects' arm to foray into Mumbai
Nov 14, 2014
MUMBAI: Provident Housing, the affordable housing arm of Bengaluru-based Puravankara Projects, plans to foray into bigger property markets including Mumbai, National Capital Region, Pune and Hyderabad
Official land rate touches Rs 20,000 per sq ft in Bengaluru
Nov 14, 2014
BENGALURU: Residential land prices in Bengaluru are set to go north with an increase in guidance value
Govt funds only for performing cities, states: Venkaiah Naidu
Nov 14, 2014
Ahmedabad: Union minister for urban development, housing and urban poverty alleviation Venkaiah Naidu said that in coming days central government will fund only those states or cities which are ready for reform and have good performance record
Maharashtra govt to simplify deemed conveyance for housing societies
Nov 14, 2014
Mumbai: Maharashtra government will simplify the 'Deemed Conveyance' procedures for convenience of the co-operative housing societies in the state

Latest Realty News Of State

Realty Talk's