Bangalore will see ‘Raffles Park’ being developed by Singapore’s Jumabhoy family
Raffles Residency has unveiled ‘Raffles Park’, its first residential project development in India, on Soukya Road in Whitefield. Promoted by the Jumabhoy business family of Singapore, Raffles Residency, say the developers, “is all set to have the essence of two garden cities coming together, blending Singapore’s contemporary tropical design with Bangalore’s love for green spaces.”
Speaking at the project unveiling, Iqbal Jumabhoy, Joint Promoter, Raffles Residency, said, “The 61 five-bedroom villa project will target the premium living space segment and connect with key elements of nature. It has internationally reputed architects working to encapsulate the sense of ‘Homes within a Garden.’ With a density of four villas per acre, the project will have 81 per cent of open area.”
Mr. Jumabhoy said India clocks the second highest growth of 22.2 per cent in its High Net Worth Individuals (HNWIs) population after Hong Kong, as per the World Wealth Report. “Their investment in the realty market is 26.5 per cent. Looking at the positive trends in real estate, we have unveiled our first bespoke villa project. In 2015, when Raffles Park gets ready for handing over, we at Jumabhoys will also celebrate our 100 years in business,” he said. The Jumabhoy family in Singapore, starting with small projects in suburban Singapore that concentrated on housing for the needy, “has come a long way by infusing not just iconic developments, but making them ‘complete’ with a green tag, totally meaningful and sustainable for today’s living parameters,” added Mr. Jumabhoy. A ‘garden enclave’ and ‘open privacy’ are the value additions.
Jayendra Krishna, Head, Sales and Marketing, who made a presentation on the design elements of Raffles Park, said prices start at Rs. 4.9 crore per villa, available in five models. “With features such as air-conditioned spaces, personal elevators, bathroom fixtures from Italy & Switzerland, courtyards, skylights, water bodies and gardens within a villa, Raffles Park is designed by Karan Grover and Associates and Singapore-based Warner Wong Design and WOW Architects,” he said.
Mimi Somjee, Founder, WTP (Windows to the Past), and joint-promoter, Raffles Residency, and architect Wong Chiu Man, Founder, Warner Wong Design and WOW Architects, Singapore also spoke on the occasion.