The Hyderabad-based BSCPL Infrastructure Ltd (formerly B. Seenaiah & Co Projects Ltd.), has tied-up with Bala Vidya Mandir School to set up a school with CBSE (Central Board of Secondary Education) syllabus at its upcoming residential township on the Old Mahabalipuram Road in Chennai.
The integrated residential township, Bollineni Hillside, will be spread across 92 acres with more than 50 per cent open space, surrounded by lush green hill and serene lake Arasankalani. Addressing a press conference here on Tuesday, B. Krishnaiah, Chairman of BSCPL, said that the company had signed a lease agreement with Bala Vidya Mandir to lease out two acres and construct about 70,000 sq. ft. building to accommodate a full-fledged CBSE school up to 12th Standard. Manmohan Varma, Chief Executive Officer, said the residential project had been planned in two phases.
The first phase would come on 50 acres. The total constructed area would be seven million sq. ft.
The company planned to construct over 1,300 apartments in the first phase.
Mr. Varma said most of the apartments in the first phase had been completed and were ready for handover by July this year.
With the two phases on completion there would be 4,500 units located on six million sq ft. It proposed to have 64 blocks on the entire 92 acres. Ramana Prasad, Managing Trustee, Bala Vidya Mandir and BVM Global Trust, said admission process would commence from January 20.