Developer also plans to invest $100m into a luxury villa project near Lonavla
Following four years of construction, UAE-based Merint has announced that its 219 Boat Club residential project is now ready for occupation. Located in the city of Pune, the project features 10 luxury apartments, which the developer says were designed to give the feel of a sky villa.
The project was conceptualised and designed by Atkins, while interior design work and structural consultancy services were provided by Studio Hinge & ADND, and Fourth Dimension respectively.
The developer says that the rapid pace of urbanisation coupled with India’s growing attractiveness to NRIs looking for options to invest in, has led to growth in the interest for high-end luxury housing.
“We recognise this trend and were always keen to ride the wave but not through just another residential tower. We did not desire to make promises, we wished to deliver a dream! These ‘dreams’ are being delivered at a price of around $3m each,” said Fazal Manekia, founder and CEO, Merint.
Manekia says his firm decided to opt for a ‘previously unseen living concept that challenges the imagination and yet, offers the maximum comfort and technology globally placing it at the cutting edge of good living’.
“We harnessed our existing experience with in-house expertise and collaborated with the best in the business to create an architectural masterpiece,” he explained.
The residential project is said to be surrounded by over-100-year-old trees and boasts views of the Mula Mutha river.
“Firmly founded on the codes of enhanced living, contemporary minimalism and clarity of detail, each element of 219 Boat Club has been sculpted and selected to create a customized canvas of experience. This architectural marvel for the privileged few transforms the city’s skyline and captures the essence of larger than life living,” added Ayesha Contractor, senior project manager at Atkins.
Merint also said that it plans to invest around US $100m to develop a luxury villa project in the hills overlooking lakes and valleys near Lonavla, a hill station between the metro cities of Pune and Mumbai. 280 acres of land has already been acquired.