A luxury residential condominium, christened ‘Atmosphere', comprising two tall towers with a suspended club hanging between them at a height of 500 feet is planned to be erected on the city's eastern outskirts.
The project has been claimed by its promoters, the city-based Forum Group, to be the first of its kind in the country. It will come up on the city's Eastern Metropolitan Bypass which is fast emerging as a fashionable address.
Forum Group managing director, Mr Rahul Saraf, said here today that after its IT park project ‘Technopolis' in Salt Lake, which had been recognised as the first commercial building recognised by the UN as eligible for carbon credits, this project will be a large luxury residential condominium in the city.
He said that construction of the ambitious project, spanning more than 320 feet in width with 55,000 sqft in usable space, is scheduled to start by March and would take about 30 months to complete at an estimated investment of Rs 500 crore with Australian knowhow.
According to him, this will be a landmark building in the city.
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