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Pune to have Rs. 1400 integrated Township shortly

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Pune based realty conglomerates, Avinash Bhosale Group and Kumar Properties are united to execute a Rs. 1,400 Crores township in the 3rd phase of Rajiv Gandhi IT Park in Hinjewadi.
Venture Megapolis includes 5,800 apartments, studio flats and IT SEZ. Pegasus Properties as a 50:50 JV hovering by the two firms will develop the venture in 5 years and the proposed project will extend in about 150 acres and the township will be of 21 storied building.
Kumar Properties Director, Manish Jain said to www.propertykhazana.com that, “Out of 150 acres, merely 20% of the space will be utilized for the construction and we will develop gardens and different other facilities on the leftover property.” This township will also have unique towers for old-age charity homes.
He also added that, the first phase of the venture will be ready by April 2010 and the venture is likely to be completed by 2013. The venture is forthcoming under the new township policy passed by the Maharashtra Government.
Amit Bhosale, Director of Pegasus Properties said to www.propertykhazana.com that, “We need to promote the walk-to-work culture as most of the famous IT firms like Wipro, TCS, Infosys, Tech Mahindra are nearby to this venture. We have also formed vehicle free zones within the township.” Singapore based RSP architects and Belt Collins International are the architects and landscape designers for this venture.
Source: NBTVLIVE

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