`Empress City’ in Nagpur

KSL to develop 400 crore “Empress City”

The project will be implemented by Reward Real Estate Company Pvt Ltd, a wholly-owned subsidiary of KSL and Industries Ltd, a company release said.

Reward Real Estate would work with architect Hafeez Contractor, Shapoorji and Pallonji, the construction group and Singapore based company for landscaping.
KSL and Industries acquired Tata textile unit, Empress Mills that is now developed as an integrated township project which is expected to be completed in 24 months by December 2007.
“The project comprises of information and technology park, a 400 room five star hotel, shopping mall, multiplexes and 600 luxury residential apartments,” Reward Real Estate Company Pvt Ltd President Sorabh S Tayal said.
The size of residential flats would range from 1,000 to 1,500 square feet and there would be 10 to 12 residential towers in the project, he added.
The bookings for the IT park and shopping malls have already started while the booking for the residential area would start from January.
Reward Real Estate would work with architect Hafeez Contractor, Shapoorji and Pallonji, the construction group and Singapore based compamy for landscaping.
KSL and Industries acquired Tata textile unit, Empress Mills that is now developed as an integrated township project which is expected to be completed in 24 months by December 2007. According to Mr Saurabh Kumar Tayal, Chairman and Managing Director, KSL, “Nagpur is the seventh largest city in India with a population of over 40 lakh. Its significance from various angles makes strategic business sense for us.”
The company sees much business potential with the international airport and the Butibori Special Economic Zone coming up nearby.
“Besides, Nagpur has a large agricultural community whose spending power has been growing of late,” said Mr Tayal.
Facitlities
The facility is likely to comprise a 3.5-lakh sq feet information technology park, a 300-room five star hotel, a shopping mall, multiplexes and 800 luxury residential apartments. There will also be facilities such as swimming pools, health clubs, jogging parks, playgrounds, indoor games complex, community halls, temple, emergency post, telecommunication facilities and video phones.”The project comprises of information and technology park, a 400 room five star hotel, shopping mall, multiplexes and 600 luxury residential apartments,” Reward Real Estate Company Pvt Ltd President Sorabh S Tayal said. The size of residential flats would range from 1,000 to 1,500 square feet and there would be 10 to 12 residential towers in the project, he added.
The bookings for the IT park and shopping malls have already started while the booking for the residential area would start from January.

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Source:The Hindu

~ by nagpurestate on October 12, 2006.