BWI: Chintels Announces Residential and Commercial Projects of Around 15 million sq. ft. in New Gurgaon Over Next 3 Years

Press release from Business Wire India
Source: Chintels India Ltd.,
Monday, February 25, 2013 01:56 PM IST (08:26 AM GMT)
Editors: General: Consumer interest; Business: Business services, Construction, Real estate
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Chintels Announces Residential and Commercial Projects of Around 15 million sq. ft. in New Gurgaon Over Next 3 Years


New Delhi/NCR, Delhi, India, Monday, February 25, 2013 -- (Business Wire India) -- Heralding the New Year, real estate developers Chintels India Ltd. with an extensive presence in NCR has announced residential and commercial projects of around 15 million square feet. The company estimates an investment of approximately Rs 4500 crore by the year 2023 in developing the projects. Spread across 400 acres of self-owned land in sectors 106, 108, 109, 114and 115 of New Gurgaon and adjoining parts of Delhi, the development will be a part of Chintels Metropolis and Chintels Cosmopolis, only a kilometer away from the new Northern Peripheral Road that is coming up there and is soon to become the primary link between Jaipur/Gurgaon and Delhi. The company is also developing a commercial project in Sector 83.

Prashant Solomon, Managing Director, Chintels India Limited, says: "We are excited to announce our forthcoming residential and commercial projects close on the heels of the successful launch of Chintels Paradiso which has emerged as the most profitable group housing project in NCR in the past one year. We are expecting a robust growth in the real estate sector in the near future with escalating demand in both residential and commercial sectors especially in the areas of New Gurgaon comprising Sectors 106, 108 & 109, bordering Dwarka Phase-II. 0 Kilometers proximity from Delhi and a 3 minutes drive from IGI airport are the key factors that will make these areas the most sought after real estate destinations in NCR."

Chintels Metropolis is a self-sustained area development by the Chintels Group, which will provide good housing, and living environments spread across 3 premium sectors of Gurgaon: Sector 106, 108 & 109.

-- Chintels Paradiso is a group housing project and the first phase of Chintels Metropolis. It consists of 532 apartments (3 & 4 BHK) built over 12.3 acres with state-of-the-art infrastructure & amenities complimenting it.

-- Chintels Serenity, set to be launched by mid-2013 is a prime project with nine-exclusive residential towers including 2 iconic towers in Sector 109.

-- Chintels Acropolis comprising of three premium residential projects is also in the pipeline.

-- Other prime group housing projects, recreational area, educational and healthcare facilities, Chintels Techno Park, state of the art office complex, shopping arcade, Chintels Club and other essential amenities will also be a part of Chintels Metropolis.

Chintels Cosmopolis spread over nearly 6.5 million sq. ft. of mixed-use commercial, residential, office and retail space in the prime sectors of 114 and 115 will comprise predominantly of high-end commercial, retail, hotels & high-street markets.

Chintels Metropolis also includes a 150-acre luxury integrated township called International City (being jointly developed by Chintels, Sobha Developers and QVC Realty). Chintels has also partnered with estate developer ATS in Chintels Metropolis to launch ATS Kocoon - a gated residential project in Sector 109 of New Gurgaon comprising of 444 apartments being designed by the renowned architect Hafeez Contractor.

Besides, real estate development, Chintelsis also actively focusing on key areas of citizen up-liftment through its Nora Solomon Foundation. The Foundation is developing an educational institution to provide excellent schooling in Chintels Metropolis.It will also be involved in sports, women and children welfare, healthcare and strengthening civil society.

About Chintels India Limited

The Chintels group of companies has been actively involved in the field of real estate in the NCR. The flagship company, Chintels India Ltd. (An ISO 9001:2000 certified company) is in the process of developing over 400 acres of prime land in the new sectors of Gurgaon which are located in a prime location touching the borders of Delhi. Located in Sectors 106, 108 and 109 of Gurgaon, the land bank that has been acquired by the company over the past decade or so is now ripe for development and is now being developed into an exclusive 153-acre township with over 70 acres of group housing surrounding it. Chintels is also actively involved in the field of education for the underprivileged through its Nora Solomon Foundation, a charitable organisation focusing on key areas of citizen up-liftment like education, sports, women and children welfare, healthcare and strengthening civil society. For further information, please visit www.chintels.com.



CONTACT DETAILS
Ruby Sinha, Kommune, +91 9811639657, ruby@kommune.in

KEYWORDS
CONSUMER, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE

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