Baashyaam Developers Pvt Ltd has taken over the former ‘Crowne Plaza’ site, clearing the way for a stunning high-rise development. Nestled near the exclusive Boat Club area, the new development will blend commercial and residential spaces, with plans to house some of the city’s most luxurious apartments.
Baashyaam acquired the property for around 700 INR-Crore and is set to invest an estimated 420 INR-Crore in construction. This ambitious project will feature an extended four-level basement, a ground floor with shops, restaurants, a spa, waiting lounges, and 148 residential units from the 1st to the 26th floors. Additionally, the 10th floor will have a lavish clubhouse with double-height ceilings.
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Spread over an anticipated 17,835 SqM plot area, the project will boast a built-up area of around 1,59,392.85 SqM. Moreover, the top floor will feature two expansive penthouses, each spanning approximately 20,000 SqFt. The residential units are expected to sell at over 35,000 INR-Crore per SqFt.
In time, the Crowne Plaza by Baashyaam will reshape the city’s skyline, promising unmatched elegance and prime living spaces. Furthermore, this iconic development is sure to attract discerning buyers seeking exclusivity and grandeur.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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