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adProperty News

     
 
Ireo launches grand arch apartments
Source : Financial Chronicle Published On : 2009-10-01 City : New Delhi

Ireo, the first and the largest foreign direct investment FDI from a private equity PE fund dedicated to the Indian real estate sector and a fully integrated real estate development company has announced the launch of its first signature property Grand Arch in Ireo City in Gurgaon.

The Grand Arch will have a signature 22 storeyed tower called The Arch, four towers with 29 stories each and four mid rise towers, which will house duplex apartments.

The size of the apartments and penthouses will range between 1,375 sq ft and 9,897 sq ft. The Grand Arch will offer 842 apartments and penthouses.

The project is likely to be completed by end of 2012. The residential complex will be spread over 20 acres.

The apartments would be open on all four sides, 10 ft high ceiling for improving room aesthetics the two-bedroom duplex apartment with double height ceiling over the lounge and dining area, double glazed windows and energy efficient VRV air conditioning system.

Launching the project, Lalit Goyal, vice-chairman & managing director, Ireo, said, "The Grand Arch is part of the proposed 10 million sq ft development over the next 12 months.

The company owns 3,000 acres in the NCR region, Haryana, Punjab, Tamil Nadu and Maharashtra."

Ireo City is the first mega project of the company in north India, and the planned capital outlay for the development is Rs 10,000 crore.

Spread over 500 acres, the integrated township will offer a unique mix of features such as elevated walk way connecting the entire township, art centres and theatres.

Ireo City will also house schools, a hospital, parks, luxury hotels, shopping malls, service apartments and office complexes.

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