To build a total of 10,000 apartments in Chennai
Hirco Developments, the project management company, announced on Wednesday that the first group of flats in its Hiranandani Palace Gardens Township coming up in the suburban area of Chennai at Vadakkapattu village near Singaperumal Koil would be delivered soon.
Addressing presspersons here V. Suresh, Principal Executive Officer, Hirco, said the township, set on 369 acres, would have 10,000 apartment units with the accompanying physical and social infrastructure. As part of the first phase, 928 apartments were under construction across two towers of 15 floors; six towers of 27 floors and 11 low rise buildings. Mr. Suresh said that out of 2.9 million sq. ft. the company had already sold 2.14 million sq. ft. in the Chennai township. The prices per sq.ft. ranged from Rs. 2,400 to Rs. 3,600, he said. Hirco is also developing another master planned township ‘Palace Gardens' set on 583 acres in Panvel, in the Mumbai Metropolitan region. The two projects combined will have 66.4 million sq.ft. of buildable area of residential, commercial, retail and social space.