Thursday, July 22, 2010: 10:05:57 AM

TJCD News

CCI Ltd enters the property market with Rs 1,000-crore project

The 22-acre Rivali Park at Borivali (East) is slated to be one of the largest mixed-use real estate developments in Mumbai

The realty fever is catching up in India once again.
 
A leader in power and control cables since 1957, Cable Corporation of India Ltd (CCI) has recently forayed into the real estate industry through its new venture CCI Projects Pvt. Ltd (CCP).
 
CCP would be making its presence felt in this dynamic industry through its Rs 1,000-crore maiden project Rivali Park, which would come up at Borivali (East), Mumbai, opposite Sanjay Gandhi National Park, off the Western Express Highway.
 
Commenting on its new venture, Hiten Khatau, chairman and managing director of CCI Ltd says, “It is a natural progression from being a land owner to a developer.” Mr Khatau further adds, “The company would emphasise on the development of property projects with intelligent design and a social conscience. Our ethos and build responsibly signify a commitment to developing projects that enhance our skyline, while ensuring secure and sustainable living.”
 
More on Rivali Park
 
Spread over 22 acres, Rivali Park is a luxurious township project set to transform the landscape of suburb Borivali. Slated to be one of the largest mixed-use real estate developments in Mumbai, the project will include residential, commercial, retail, hospitality and cultural spaces within a gated community.
 
Packed with modern amenities such as three-level parking space, state-of-the-art gymnasiums, jogging park, yoga rooms, swimming pools, Jacuzzi, steam and sauna rooms, library, mini-theatre, children crèche and landscaped gardens, the project promises to combine sophistication with self-sufficiency, creating an elite urban commune that is inspired by its surroundings and charged with positive energy.
 
The residential complex has been designed in four clusters that offer a mix of low and high-rise towers from 7 to 50 floors and comprises 2 and 3 BHK apartments, penthouses and duplex apartments and villas. Each cluster will have an individual courtyard with seating nooks and walking paths.
 
“Our vision is to provide an overall experience all surrounded by beautifully landscaped grounds in an architecturally ‘future-proof’ development that becomes a destination and landmark in itself, putting Borivali on the map,” indicates Harjith Bubber, MD of CCP.
 
Designed by Gensler, Rivali Park will display a modern architectural form with corresponding vertical landscape. The towers have been designed with elegant vertical edge projection, vibrant wall screens and poised roof canopies. G:Corp, a leading domestic realty player, will manage the project.
 
It would take around 5-7 years to complete the entire project, however the residential development is likely to be completed within the next 2 years.
 
Jeeta Bandopadhyay

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