HDFC to lend Rs 150 crore to Vijay Mallya’s Kingfisher Towers
India’s largest and leading finance lending sector HDFC banking sector is lending Rs 150 crore for the construction of Vijay Mallya’s Kingfisher Towers in Bangalore.
This project which is expected to be completed by year 2013, is right now an eye catching residential project across the country.
The luxurious Kingfisher Towers promoted by UB Group and Prestige Estates Projects so far has been considered as one of the costliest residential project in Bangalore.
One of the CMD of this company who holds around 45 percent share say that, they have line of credits with many leading financial banking sectors.
And the HDFC credit has been considered to be used in case of emergencies and is right now used as a fall back action!
An apartment at Kingfisher Towers cost starts from Rs 20 crore comes with world class best of best amenities and facilities.
Talking in terms of sales of these apartments, Bangalore based real estate firm has already managed to cost average price of Rs 20,000 a sq ft.
This residential project is sure to bring pride midst other apartments in Bangalore. However, Vijay Mallya’s looking forward for higher prices of up to Rs 30,000 a sq ft for the apartments at Kingfisher towers.
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Kingfisher Tower Residences soon to be floored at UB City Bangalore
Source: Economic Times
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