Brigade Group, the Bangalore-based property developer, has unveiled Rs 3,000 crore worth of projects of over 12 million square feet in Bangalore and Mysore. The biggest of them is the Rs 1,500 crore mixed-use property development project in north Bangalore. | |
| This year the group plans to take up 12 projects. Prominent among them are Brigade Metropolis, a 36 acre integrated enclave on Whitefield Road, said M R Jaishankar, managing director, Brigade Group. |
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| Other projects are Brigade Paramount on Old Madras Road, Brigade Lakeview at BTM layout, Brigade Harmony at Whitefield, Brigade Palm Spring at JP Nagar and Brigade Elegance, Elite 1&2, Habitat and Pearl in Mysore. |
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| On Friday, the group unveiled a Rs 1,500 crore mixed -se property development project in north Bangalore. The project, titled Brigade Gateway, is located between Rajajinagar and Malleswaram, and is to be built on a 40-acre plot (Kirloskar factory land, behind Metro Cash and Carry) and will have a star hotel, shopping area, hospital, office building, residential complex and a school. |
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| The main attraction of the project is 'Orion Mall @ Gateway', a 600,000 square feet development in four levels to house mall and retail spaces. The company has also tied up with PVR Cinemas to operate an 11 screen multiplex as part of this mall. |
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| "After revolutionising movie screening in the city at Forum Mall on Hosur Road, we will replicate the same in north Bangalore with the similar number of screens," said Pramod Arora, VP, business development, PVR Cinema. |
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| 'North Star @ Gateway', also part of the project, will offer 35,000 square feet of grade A office space over 30 storeys. A 200 bed hospital will be managed by Columbia Asia Hospitals as part of the project. |
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| Speaking on the occasion, Nandakumar Jairam, chairman, Columbia Asia Hospitals said, "we will be designing a hospital with tightly knit services at a reasonable cost." |
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| To finance these projects the company is mulling a mix of debt, FII, FDI and IPO. "A decision to this effect would be taken shortly," Jaishankar added. |
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| The group, which reported Rs 300 crore turnover during 2004-05, is expecting to register 40 to 50 per cent increase this year with more projects on hand. |
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| The master plan for the project has been prepared by HOK of New York and will be completed in three years (2009). The residential enclave will have 1,260 luxury apartments spaciously laid out in 13 wings around landscaped courtyards. |
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| A CBSE school will house 2,000 students. There will be a two acre lake and a nine level car parking complex to accommodate over 6,000 cars. |
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