Chalet Hotels Ltd. and K Raheja Corp Homes, have entered into a strategic alliance for a luxury residential development, in the Koramangala micro-market of Bengaluru. Spread across an expansive 8.25 Acre premium land parcel owned by Chalet Hotels Ltd., the project will be exclusively marketed by K Raheja Corp Homes.
This project is focussed on delivering an ecosystem that will have 7.44 Acres allocated for a high-end gated residential development, and 0.81 Acres earmarked for a Grade A commercial development. This endeavor represents one of the finest greenfield residential projects in the area.
Named Raheja Vivarea, the residential offering will be similar to the much-touted Raheja Vivarea in Mumbai’s Mahalaxmi. With a total saleable area of 8.5 Lakh SqFt, the project encompasses a township of 9 towers, each with 10 floors and 2 towers with 11 floors taking the total number of apartments to over 300. The development is underway with OC received for 4 towers.
Also Read: K Raheja Modern Vivarea, Mahalaxmi
Intended to cater to the distinguished tastes of Leaders and CXOs, Raheja Vivarea has also integrated various sustainability options and wellness elements into its design and operations. With over 40 amenities spread across the central courtyard, lobby level, and clubhouse, comprising of a sports and fitness zone, wellness zone, community space, leisure zone, kid’s arena, and a convenience space to ensure a perfect balance of fitness, recreation, rejuvenation, and social well-being of residents.
ABOUT
K Raheja Corp Homes is the residential vertical of Indian conglomerate K Raheja Corp group. The business has a four-decade legacy in building luxurious, self-contained, sustainable residential spaces. The brand has an earned reputation for delivering the highest levels of quality, best-in-class design, timely delivery of projects, and strong sustainable practices. With a portfolio spread across Mumbai, Pune, Hyderabad, Bangalore, and Goa, the business has made significant contributions in redefining the contemporary urban lifestyle experienced by residents of city homes. K Raheja Corp Homes built over 10mn sqft of space across 5 cities of India, delivering homes to over 7500 families.
Chalet Hotels Limited (CHL), is an owner, developer, asset manager, and operator of high-end hotels and resorts in India. CHL’s portfolio comprises nine operating hotels, including a hotel with a co-located serviced residence, which is situated across the markets of the Mumbai Metropolitan Region, Hyderabad, Bengaluru, Lonavala, and Pune. Eight of nine hotels are branded with globally recognized hospitality brands and are in the luxury, upper upscale, and upscale segments. Two additional hotels in New Delhi and Navi Mumbai are under various design and development stages. CHL uses its experience to manage the hotel assets and deliver industry-leading operating performances actively. In addition, CHL has developed commercial assets, co-located with the hotels, a mixed-use strategy to sweat the real estate portfolio.
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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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