The Bengaluru-based DRA Group has launched the second phase of Pristine Pavilion, a residential project near Chengalpattu about 50 km south of Chennai.
The project adjacent to the Mahindra World City, offers 198 apartments spread across three multi-storey buildings. The apartments of 609-844 sq.ft. are priced between ₹20-50 lakh.
Ranjeeth Rathod, Managing Director — Chennai Operations, DRA Group, said the apartments are priced at ₹3,150/sq.ft. and the project also offers semi-furnished apartments with modular kitchen and other basic furnishing at ₹3,350.
The first phase of the project was launched at ₹2,995 a sq.ft. and has been fully handed over. The rental yields are around 4 per cent. The developers are offering a three-year rental cash-back guarantee to buyers.