Ansal API Launches Residential Project Fernhill in Gurgaon

Published: June 23, 2011 at 10:51 PM | Author: Administrator
News Source: Indian Realty News

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Ansal API, a Delhi-based real estate developer, has recently launched a residential complex named 'Fernhill' in Sector 91, Gurgaon. The project, with an investment of around Rs 200 crore, is coming up on 14.41 acres of land and will consist of multistoried condominiums. The project, which is likely to be completed in late 2014, will consist of 14 towers, each with 12 to 18 floors, with a total of 778 units. On offer are 2BHK, 3BHK and 4BHK apartments of sizes of around 1,350, 1,900 and 2,320 sq ft, respectively. The price would be around Rs 2,700 per sq ft. The project is located 4 km from NH8, 1 km from IMT Manesar, 5 km from the proposed Metro corridor, and 6 km from the planned ISBT in Gurgaon.

"With IMT Manesar in its proximity, the project will attract the working population. It is targeted at those who want good features at a not-so-premium cost. The completion of our projects normally takes anything between 36-42 months", Shashank Jain, COO Haryana, Ansal API, told Financial Chronicle. Jain added, "The project has 158 acres of open space around it on which HUDA is planning to set up a stadium or play area for children, so this would benefit everyone. Mo¬reover, over 60 per cent of the area is green and we are planning to develop an amphitheatre."

Other features of the project include a grand plaza, entrance lobby with reception in each tower, dedicated children’s play area, nursery school, club with swimming pool, 5 kva power backup for all services and dedicated car parking for residents. "To ensure the privacy and security of the residents, the club and shopping areas are situated at the entrance of the project. We are also offering a pitch 'n' putt golf course, tennis academy, jogging track, car wash and mini-theatre to the residents," Jain said. On Ansal’s further plans of residential developments in Gurgaon, Jain said, "We already have a township in Gurgaon named 'Essentia'. We are planning a 150-acre extension to the township. We also plan to launch two more residential projects ranging from 15-20 acres within two to three months in Gurgaon."