Purva Swan Lake launched at Chennai IT hub
- 700 apartments coming up to meet housing needs of IT professionals -
CHENNAI, April 3, 2007: Chennai's IT corridor on the Old Mahabalipuram Road will never be the same again!
One of India's leading Real estate developers Puravankara Projects Limited today announced the launch of its truly world class residential project called 'Purva Swan Lake' at the IT Corridor.
The latest project from the stables of Puavankara, with completed and on-going projects of over 15 million square feet across South and West Indian cities as well as in Colombo, is coming up in the southern part of Chennai. The IT Corridor is one of the fastest growing areas in the City as leading IT companies and hospitality chains like SIPCOT IT Park, Infosys, TCS, Polaris, HCL, Wipro, Accenture, Satyam, Welcome Group's Fortune and Select Hotel - have lined up their establishments here.
The project will have 2 and 3 bedroom apartments with an area ranging between 1,250 Sq.Ft and 1750 Sq.Ft. Purva Swan Lake will consist of 15 blocks varying between 10 - 12 floors, totaling approximately 700 flats. Purva Swan Lake comes with worldly amenities like Club House, Swimming pool, Squash Court, Billiards, Tennis, steam room, sauna, Jacuzzi, indoor games, supermarket, space for a beauty parlour, 7000 KVA of power and 3000 KVA of backup power.
The project is being built on 11 acres, construction beginning around May, and is slated to be ready in about three years
Mr. Ravi Puravankara, Chairman and MD, Puravankara Projects Limited said, " Our Company has always strived to deliver customer delight. We are sure the Purva Swan Lake project will meet the needs of IT professionals who would like to live close to their place of work. Our endeavour, as always, is to adopt global standards and industry's best practices and implement transparent processes."
About Puravankara Projects Limited.
An ISO 9001 certified company since 1998, the Puravankara Group began its operations in Mumbai in 1975. In 1987, the group expanded its operations to Bangalore and subsequently to Chennai, Coimbatore, Hyderabad, Cochin and overseas to the UAE and Sri Lanka. Puravankara has over three decades of construction expertise with around 15 million square feet of completed and on-going projects.
Puravankara Projects Ltd is rated by CRISIL as an outstanding developer in India. Puravankara's prestigious projects "Purva Grace" and "Purva Heights" in Bangalore received PA 1 rating by CRISIL which indicates highest ability of the developer to specify and build to agreed quality levels and transfer clear title within the stipulated time schedules. Besides, the Group has the distinction of being awarded the Finalist, International Prix d' Excellence – 1998 for its project " Purva Park " in Bangalore by FIABCI, Paris.
The Company has a joint venture with Keppel Land of Singapore, one of the first Foreign Direct Investors in real estate in the country, ready to ride on the real estate boom in the country.
Another feather in the cap is their deployment of the Oracle E-Business Suite. This will enable integration of processes across Puravankara's core functions including sales, marketing, market management, project costing, procurement and financial management. This will be a shot in the arm for Puravankara to deliver customer delight.
The Puravankara Group is considering a foray into the hospitality segment in South India, including a 350 room super deluxe hotel. The Company also has plans to come out with 200 super luxury villas on 24 acres of land in Colombo.
