DLF has launched the Parc Estate themed land development near Old Mahabalipuram Road in Chennai. It offers 1,500 parcels of land covering approximately 85 acres with a land area of 600 square feet. To 4000 sq ft, the price is around Rs 3500 per sq ft.
Aakash Ohri, Group Executive Director and Chief Commercial Officer, said: “DLF has been operating in South India for the past two decades, driving Chennai’s rise as an IT destination by providing a global ecosystem, sustainable jobs and safe living communities. Development. With 75 years of successful entrepreneurial track record, we can appreciate the huge potential to invest in residential land projects in Chennai.”
The project plans to plant more than a thousand trees, parks, pet parks and several bodies of water.
Group Executive Director and Chief Technology Officer P Ramakrishnan said: “We first analysed buyer behaviour in Chennai and found that people here prefer to buy land rather than other forms of investment. They appreciate greenery and have hobbies such as gardening.”
Sustainability is a core concept, put into practice through facilities such as organic waste management, water recycling, efficient drainage systems, solar street lights and 11 wells to provide residents with regular water supply. DLF will also construct wide internal roads to connect Parc Estate with two main entry points, Pudupakkam Road and MR Radha Road.
OMR is expected to see a number of infrastructure projects that will increase the future value of the investment. These include Phase II of the Metro Rail Corridor, several overpasses to ease traffic flow, a multi-level elevated traffic corridor along the old Mahabalipuram Road, and several road widening initiatives.
DLF’s products in the OMR region are designed to provide permanent addresses to residents of the region’s most desirable emerging communities. The company aims to reflect its excellence and performance in this emerging market by opening up countless opportunities for real estate development, as is the case with Delhi NCR.
Complete news Source : Construction Week