• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, Dec. 23 Orange Properties announced the launch of a 65-acre township project near Devanahalli, where the company offers villas and apartments at the “cost price”. The four-day offer opens on December 25.

“Cost price means prevailing land cost plus the actual cost of construction,” said Mr R. Vijay, Founder and CEO, Orange Group. But from the fifth day of the launch, the prices would see a hike, wherein the company would add its 25 per cent margins, he added. This is the second development project for Orange Group, which was hitherto marketing projects of other builders.

Phase 1 of the project would see development on 25 acres, with 800 apartments, 270 villas and 45 row houses being planned with sales realisation of Rs 400 crore. “The villas would be offered from Rs 70 lakh onwards, and we are offering an international luxury sedan free for the first 50 bookings,” Mr Vijay said.

The size of apartments in the township would be 800-1,350 sq ft, starting from less than Rs 20 lakh. The company plans to have 12 launches next year; the next project would be launched in February. The company has earmarked Rs 32 crore for advertisements till March, he said.

More Stories on : New Projects | Real Estate & Construction | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line