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Adroit Urban Developers is set to formally announce the launch of Artistica, a two-acre residential development on the OMR. The multi-storeyed apartments are coming up at Sholinganallur junction to the south of Chennai. Over 145 apartments and coming up on three towers of stilt plus 10, 13 and 16 floors, according to the developer.
The prices of apartments start at Rs 87 lakh and are pegged at about Rs 5,000 a sq.ft. Larger duplex apartments are likely to cost more, and as they are coming up on higher floors, they will include floor rise charges of about Rs 50 a sq. ft a floor. Pre-launch bookings are on for the project likely to announced early in 2014. Apartment sizes range from 1,500 sq.ft to over 4,500 sq. ft.
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