Rakindo set to launch phase-II of gated community project in Coimbatore

Real estate firm Rakindo Developers is launching the second phase of its gated community project -- 'Orchids' on April 13. With the launch of the second phase, the company would be adding another 140 apartments to the 300 plus apartments and row houses built under phase I of the project. The company plans to offer a special discount to investors who book on April 13. 'The first phase is nearing completion and we are planning to hand over the property to the respective investors in August,' the company's general manager (operations), Darshan Veeraraghavan, said. The proposed 140 apartments would consist of two and three bedroom dwelling units ranging from 979 sq ft to 1,459 sq ft, amenities such as a 12,000 sq ft club which will include a swimming pool, gym, indoor games, banquet hall and convenience store. "A basketball court and tennis court are also in the offing," Veeraraghavan said. Rakindo Developers is a joint venture between Rakeen -- a company promoted by the Government of Ras-Al-Khaimah and the Trimex Group in India. In 2010, Rakindo forayed into the Coimbatore market and announced the launch of the affordable housing project -- 'Orchids' -- at Kovaipudur. The area earmarked for Orchids (phase I and II) is 18.45 acres. Company sources said that the Orchids gated community would be home to over 800 apartments and 80 row houses on completion.

source: http://www.realtyplusmag.com/rpnewsletter/Fullstory_Newsletter.asp?news_id=19752&cat_id=1