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K Raheja Corp Homes, Chalet Hotels unveil luxury gated community in Koramangala
Chalet Hotels and K Raheja Corp Homes have entered into a strategic alliance for a luxury residential development, in the Koramangala micro-market of Bengaluru. Spread across an expansive 8.25-acre premium land parcel owned by Chalet Hotels, the project will be exclusively marketed by K Raheja Corp Homes. This project is focussed to delivering an ecosystem which will have 7.44 acres allocated for a hi-end gated residential development, and 0.81 acres earmarked for a Grade A commercial development. This endeavour represents probably one of the finest greenfield residential projects in the area. Named Raheja Vivarea, the residential offering will be similar to the much-touted Raheja Vivarea in Mumbai’s Mahalaxmi, which has congregated the who’s who of Corporate India. With a total saleable area of 8.5 lakh sq. ft., the project encompasses a township of 9 towers, each with 10 floors and 2 Towers with 11 floors taking the total number of apartments to over 300. The development is underway with OC received for 4 towers.
Ramesh Ranganathan, CEO – K Raheja Corp Homes said, “The Koramangala market, with limited green field land prospects, makes this project highly aspirational. By combining our respective domains of expertise, the group is strategically poised to create a distinctive offering that combines the opulence of hospitality with the comforts of home, delivering value for stakeholders. This synergy is a testament to the group’s cohesive vision and collective pursuit of excellence in real estate development. This marks the luxury residential foray of the group with our flagship Vivarea brand in the city of Bengaluru.”
The Raheja Vivarea apartments will offer residences ranging up to 4,006 sq-ft carpet, characterised by opulent 10.8 ft floor to floor height and spacious decks extending up to 6.8 ft in width. Homes can be tailored to variants of 3, 3.5, 4 and 5 BHK apartments costing upwards of Rs 6 cr.
Initiatives include intelligent apartment orientation for fresh air and natural daylight, reflective paint on rooftops to manage heat insulation, electrical charging points for vehicles, wastewater treatment and reuse, low-flow water fixtures, solar panels for reduced electricity consumption, organic waste conversion on-site, and waste segregation and recycling, all aimed at minimizing the project’s ecological footprint and providing a greener and more sustainable living environment.
With over 40 amenities spread across the central courtyard, lobby level, and clubhouse, comprising of sports and fitness zone, wellness zone, community space, leisure zone, kid’s arena, and a convenience space to ensure a perfect balance of fitness, recreation, rejuvenation, and social well-being of residents. The central courtyard is dedicated to being a vehicle-free zone and are oriented to look over this tranquil space.
Koramangala has excellent connectivity and a well-developed social infrastructure and is one of the most aspired residential hubs in Bengaluru.
Chalet Hotels has a presence in Bengaluru with projects such as Bengaluru Marriott Hotel Whitefield with 391 operational keys and ~1msf of office development, in Marriott Complex, Whitefield.
Source: Construction Week