Vipul Ltd forays into East India, Offers first high-rise residential project in Bhubaneswar

Bhubaneswar, February 07, 2009: In sync with its commitment to offer quality projects across India, Vipul Ltd, the leading and well-known realty player now forays into Bhubaneswar. The developer today announced the launch of Vipul Gardens, an integrated residential complex in the heart of Bhubaneswar. The approximate realisation from the project is around Rs. 200 crore.

After expanding footprints in Ludhiana with the launch of Vipul World recently, Vipul Gardens is set to bring a paradigm shift to real estate in State of Orissa. Sprawled over an area of approx.10 acres, the project is first high-rise in the city offering ground+14 floors. This state of the art integrated residential complex will have 578 units with choice of living of 2 BD, 3BD and 4BD apartments.

"The development witnessed among the services and manufacturing sector in the region has created a demand for housing in the middle and high-income group. Vipul Gardens is aimed at meeting this demand and build a unique foundation for the real estate sector to provide world class amenities and facilities to the residents." commented Mr Punit Beriwala, Managing Director, Vipul Ltd.

The project has many magnificent features that make it distinct from other projects. These are the first high-rise apartments in the city offering many facilities under one roof. The integrated project offers to its residents - a Club with Gym, Steam, Jacuzzi, Swimming Pool and a Multi- Function Hall.

The project is also a gated community that provides a safe environment to its residents. This is supported by an in-house 24x7 Security provided at the project. The tiny tots have the advantage of dedicated kids play zone and there is ample surface and basement parking.

Speaking on the foray into East India, Mr Beriwala said, "Bhubaneswar is a flourishing city and has a prevalent infrastructure. Availability of economical land and labour is an advantage. Above all, the city has a good demand potential for real estate. The city still has unexplored regions that have made it to qualify on the radar of our expansion plans. We are pleased to bring to the city our known quality and world-class amenities."

Each of the condominiums in Vipul Gardens is designed in a manner that it overlooks lush green landscaped lawns. Extensive open area and playgrounds are provided for tiny tots to play and live closer to nature.

Vipul Ltd has its presence in Gurgaon, Manesar, Dharuhera, Mohali, Ludhiana, Hyderabad, Nagpur, Siliguri and Kolkata.

Source : Equity Bulls

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