Housing project worth Rs 600 cr launched in Allahabad
Project spanning 15 acres and spread over five blocks would comprise almost 1,500 housing units
Jan 21, 2015
Source : Business Standard


Lucknow: A smart city project worth Rs 600 crore was launched in the Sangam City of Allahabad on Tuesday.

The project spanning 15 acres and spread over five blocks would comprise almost 1500 housing units to cater to the different housing segments, including low-income group (LIG), middle-income group (MIG), high-income group (HIG), premium and super luxury apartments.

Announcing the project, New Modern Buildwell Pvt Ltd said it was targeting to complete the project in another five years.

“However, the actual possession in the project would start by 2018 itself,” company promoter P N Misra said.

He said the entire land and requisite approvals were in place and the spade work had already started to meet the project timelines of ‘Navyug – Smart Mini City’. “We have started registration for 425 units of Avani Enclave to fulfil our obligation towards society,” he informed.

Misra highlighted the project aimed at providing such quality of life, which would be comparable to the best urban settlements in the world.

“The project is the first of its kind in Allahabad to provide residents with facilities including social infrastructure, services network, hassle-free easy living, other modern amenities,” he said. The smart city would also encompass theft-free regular power supply with prepaid meters and world-class communication system with optical fibre connection.

“The sensors installed sewerage treatment plants will ensure pollution-free enclave. Besides, there would be no disposal of effluent in any form to the rivers,” he added.

Latest Realty News

Jan 21, 2015
HYDERABAD: Malaxmi Group today announced its plans for setting up a luxury real estate project named Sentosa in the capital region of Vijayawada
Jan 21, 2015
Bhubaneswar: Odisha Government on Tuesday gave in principle approval to 22 projects that includes various public utilities and social housing schemes in Bhubaneswar
Jan 20, 2015
NEW DELHI:Govt recommended authorities simplify the process of sanctioning land use change once the master plans are notified
Jan 20, 2015
MUMBAI: Paying a compensation of Rs 4 per square metre for two sprawling plots in the centre of Mumbai was unreal, the Bombay high court told the Maharashtra government, and ordered a much bigger payout
Jan 20, 2015
Mumbai: A gynaecologist couple from Aurangabad was allegedly duped of Rs 5.5 crore by a builder from Mumbai
Jan 20, 2015
PUDUCHERRY: After converting 77 hectares of agricultural land primarily for residential purpose two months ago, more agricultural land is set to give way to residences
Jan 20, 2015
MUMBAI: Plummeting oil prices will be largely beneficial to Asian real estate markets, according to global real estate consultancy JLL
Jan 20, 2015
COIMBATORE: Indiabulls Asset Management Co Ltd (IBAMC) is launching a real estate fund with a targeted fund size of ?500 crore
Jan 20, 2015
NEW DELHI: The supply of retail space in shopping malls last year fell sharply by 79 per cent to about a million sq ft in the seven major cities of the country
Jan 20, 2015
MUMBAI: Canadian asset management firm Brookfield is looking to set up a real estate investment trust

Latest Realty News Of State

Realty Talk's