Realty developers bet on villa projects on South

Real estate developers are launching villa projects aggressively in southern cities of Bangalore and Chennai which are considered stable real estate markets in the country.

Mumbai-based Equiniox Realty, the realty development arm of Essar group, announced the launch of 'Villas in the sky' in its Waters Edge project in Bangalore which cost upwards of Rs 4.5 crore and have a size of around 4900 sq ft. Equinox has 38-40 exclusive such villas on sales and are on sale only by invitation.

Chennai-based developer Casa Grande today said it has launched Casa Grande Pavillion in Thalambur aea near Chennai. The project comprises 350 luxury villas, twin villas and row houses. Villas area priced at Rs 95 lakh. The Independent villas will be available on a built up area of 2325 sq ft on a land area of 1500 sq ft with four bedrooms, two family rooms, dresser,exclusive car parks and landscape garden area on a G+2 design structure.

"There is so much of demand for villas and row houses in these cities and supply is limited. That is why developers are launching such projects," said Om Ahuja, chief executive, residential services, Jones Lang LaSalle, a property consultant.