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Keerthi Estates, the Hyderabad-based real estate developer with projects in Bangalore and here, today announced the launch of a luxury residential housing project near the busy IT hub, which will entail an investment of about Rs 140 crore.
Spread over a 24 acre site Richmond Villas' project will feature triplex independent houses on 300 to 400 sq yards of land and priced in the range of Rs 1.25 crore to Rs 1.85 crore, for a built-up villa of 3,400-4,000 sq ft.
Addressing a press conference here today, the Managing Director of Keerthi Estates, Mr K. Anil Kumar Reddy, said the company has thus far invested about Rs 30 crore on the project and expects to complete the villa venture by December 2013. “We are targeting top professionals in the IT and other sectors with exclusive housing-cum-living space for this gated community project,” he said.
The realty firm has developed projects in Bangalore and Hyderabad over a decade and is finalising plans for development of a few more projects, which includes both residential and commercial ventures, he said.
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