Yuga Homes launches Rs 200-cr residential project
Yuga Homes Ltd, a Chennai-based real estate development firm, announced the launch of its Rs 200-crore residential project, Alta Vida, located on Old Mahabalipuram Road (OMR) in Chennai. The company is planning to complete development of 1.6 million sq. ft with a project cost of Rs 600 crore in next five years.
The first phase of Alta Vida, a 600-apartment project in an area of 600,000 sft, would be completed by the end of 2013.
The company has assigned Chennai-based construction company Consolidated Construction Consortium Ltd (CCCL) for the development activities, while the promoters of CCCL also have a stake in the residential development firm, according to company executives. Celebrity cricketer R. Ashwin will be the brand ambassador for Alta Vida.
The high-end to affordable homes would range between 570 sq. ft. and 1,300 sq.ft., costing Rs.2,499 per sq. ft. Yuga Homes, the apartments, priced from Rs. 15 lakh and above, would consist of one, two and three bedroom options. The facilities include jogger's tracks, gym, ATM, indoor games, swimming pool, clinic and pharmacy, reading room and daily needs store.
Yuga Homes Ltd, a Chennai-based real estate development firm, announced the launch of its Rs 200-crore residential project, Alta Vida, located on Old Mahabalipuram Road (OMR) in Chennai. The company is planning to complete development of 1.6 million sq. ft with a project cost of Rs 600 crore in next five years.
The first phase of Alta Vida, a 600-apartment project in an area of 600,000 sft, would be completed by the end of 2013.
The company has assigned Chennai-based construction company Consolidated Construction Consortium Ltd (CCCL) for the development activities, while the promoters of CCCL also have a stake in the residential development firm, according to company executives. Celebrity cricketer R. Ashwin will be the brand ambassador for Alta Vida.
The high-end to affordable homes would range between 570 sq. ft. and 1,300 sq.ft., costing Rs.2,499 per sq. ft. Yuga Homes, the apartments, priced from Rs. 15 lakh and above, would consist of one, two and three bedroom options. The facilities include jogger's tracks, gym, ATM, indoor games, swimming pool, clinic and pharmacy, reading room and daily needs store.
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