Thursday, July 7, 2011

Kovai Hills' township to be launched by 2011-TOI

The frenetic pace of real estate activity in the suburbs is attracting some big ticket investments. Rakindo Developers is developing Kovai Hills', an integrated township at Kovaipudur near the city. The launch of the project is planned for end-2011.

Rakindo has also launched its budget apartment project Orchids' at Kovaipudur. It is offering flats with 650-1600 sqft space. The phase-1 of the project, which would have 300 units, has been fully booked and would be ready for delivery by 2012, said Prashant Koneru, CEO, Rakindo Developers.

While Kovai Hills Golf Academy with a 9-hole par-3 golf course is ready, the 18-hole championship golf course would be completed by the end of 2011. Rakindo has tied up with Erode-based CS Academy, which would build a CBSE school in the township. It would also develop a 60-acre sports village within the township and is tying up with the Mahesh Bhupathi Tennis Academy.

Rakindo, a joint venture between Rakeen, owned by the Government of Ras Al Khaimah, UAE, and Trimex, a minerals mining group, is investing Rs 1,000 crore on the integrated 1,000-acre township project.

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