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Ambuja Realty is planning to set up premium clubs under its hospitality brand ‘Conclave'.
Having run ‘The Conclave', a business club, in Kolkata for more than two decades, the company today inaugurated the ‘Conclave Club Verde Vista' at Upohar – a housing project developed by Ambuja Realty – in south-east Kolkata.
Mr Harsh Neotia, Chairman, Ambuja Realty, said: “Conclave has already been established as a hospitality brand. So we decided to launch our clubs under the same brand name.”
The company is planning to set up three more premium clubs in two years. The total investment in four clubs (including the Conclave Club Verde Vista) is estimated to be approximately Rs 80 crore.
These clubs will be located in Raichak in South 24 Parganas; Rajarhat New Town (a satellite township of Kolkata), and Siliguri in North Bengal. The club in Raichak will be called “Conclave Rio Vista” while the one in Siliguri will be branded as “Conclave Club Montana”.
UPOHAR
Regarding its high income group (HIG) flats in housing project Upohar, Mr Neotia said that handover of these flats would be completed in mid-2012. Upohar has 11 towers with 575 HIG apartments.
The lower income and middle income group (LIG and MIG) apartments were handed over to the allottees almost a year back.
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