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Shapoorji Pallonji bags construction contract from Max India

The value of the contract was not disclosed; construction work has started and completion is expected in early 2016

Press Trust of India  |  New Delhi 

Max India group firm Antara Senior Living has roped in construction major Shapoorji Pallonji for its housing project for the elderly at Dehradun, being developed at a cost of Rs 520 crore.

"Antara Senior Living joins hands with the leading engineering and construction conglomerate Shapoorji Pallonji and appoints them as the civil contractor for their first senior living community in Purukul, Dehradun," the company said in a statement.

Shapoorji Pallonji Engineering and Construction (SPEC) will be responsible for all civil and structural works of the project, it added.

The value of the contract was not disclosed. Construction work has started and completion is expected in early 2016.

The project spread over 20 acre comprises 217 apartments ranging in size from 1,500 square feet to 7,000 sq ft. The apartments will cost between Rs 1.25 crore and Rs 4.5 crore. The project also has three penthouses, each priced at Rs 7 crore.

"The strategic decision of partnership with Shapoorji Pallonji has been taken to ensure that Antara delivers a community with an un-parallelled infrastructure offering and services as its core differentiator," the statement said.

Antara Senior Living, the new business venture of the Max India Group, focuses on people over the age of 60 and its first initiative is to create residential communities that offer 'Lifestyle with Lifecare' for senior citizens.

The company has tied up with architects and designers Perkins Eastman (New York) and Esteva & Esteva (Spain).

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First Published: Wed, January 08 2014. 20:12 IST