Marvels’s new project to come in Koregaon park in Pune
The Marvel Realtors and Developers group which is a Pune-based real estate company has launched the luxury residential hotels called Marvel Basilo in Pune. The project which is located in the vividly green Koregaon park area in the heart of the city is closely located to the airport road and has a fast developing Kharadi and Kalyani Nagar areas.
The Basilo which comprises of 17 floors and around 66 units have is offering 3.5 and 4.5 BHK luxury apartments ranging from 1,945 to 3,915 sq ft. With a price tag of Rs 15,500 per sq ft, the apartments will cost between Rs 3.6 crore and Rs 4 crore. The project that is already in the construction phase will be available for delivery in July 2016.
According to Vishwajeet Jhavar who is the managing director and chief executive officer at Marvel, the real estate market in the city has witnessed rapid growth in terms of residential properties owing to developing infrastructure and new employment opportunities. He states that the urban class who has more disposable income these days is looking for a convenient and better lifestyle. This is the main reason in the sudden growth in this sector.
Source: Financial Chronicle
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