Property Plus
Bangalore
Chennai
Hyderabad
Kochi
Thiruvananthapuram
A model ‘dream’ venture
These days when cities are fast turning elastic with stretching suburbs, most are forced to spend long hours in commuting from home to workplace and back. This is where Redhawk, a Colorado based company involved in the development of real estate opportunities, promises a solution with its ‘Twenty Minute Lifestyle’ concept.
The company which has recently announced a township ‘Vishadh Park’ to be developed in Hyderabad, bases itself on the concept of offering a balanced lifestyle by cutting down commuting time and bringing all daily living requirements within 20 minutes reach.
Redhawk’s patented ‘Twenty - Minute Lifestyle’ concept involves building a community of captive services centres for about 20,000 employees and providing modern and high quality residential, healthcare, retail, and recreational facilities for the employees and their families, all within a twenty-minute radius.
It involves developing a 650 acres township focused on providing a complete solution for services oriented companies as a part of the project. The project is expected to take eight to ten years for completion with a capital requirement of Rs.1,400 crores. The 650 acres will have 40 per cent open area and 60 per cent development with a 100 acre golf course.
The pricing is to range from Rs.1,500 to Rs.15,000 per sft. Dreamland Infrastructure has joined the project as a co-promoter.
The Group is contributing land for the project says Mr. B. P. Agarwal, Managing Director of Dreamland Infrastructure.
Micro-cities
Redhawk also plans to build a series of similar micro-cities over time, each spanning over 600 to 1000 acres of land, 1 to 1.5 square-mile areas, he says.
All these townships will cater to the local markets and workforce, while drawing an array of business types and demographics.
Redhawk promises to eliminate travel excesses with multiple options including walking to work, using free or discounted bicycles, or taking a natural gas or electric powered bus ride. It will have restaurants, shopping complexes, movie theatres, parks, amphitheatres and indoor/outdoor stages.
T. LALITH SINGH
Printer friendly
page
Send this article to Friends by
E-Mail
Property Plus
Bangalore
Chennai
Hyderabad
Kochi
Thiruvananthapuram
|
