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Jan 30, 2008

Hallmark Infrastructre enters Coimbatore !!

CHENNAI-BASED Hallmark Infrastructure is set to launch its gated community project — the first of its kind in the textile city — over 25 acres of land at Kalapatti, the upcoming IT haven. A gated community is a form of residential community sometimes characterised by a closed perimeter of walls and fences, but always containing controlled entrances for pedestrians, bicycles, and automobiles. Gated communities usually consist of small residential streets and include various amenities.

The project will be developed in three phases. The company executive director, Hari Nagashwaran, told it plans to launch the project by April this year, and work on phase-I, at a cost of Rs 80 crore, will take 18 months to complete. Of the total 360 apartments, 120 will be developed in the first phase. “The project would have exclusive villas and premium apartments besides space devoted for a shopping mall, a school, sports recreation centre and a medicare centre,” Mr Nagashwaran added. Stating that this is the company’s first such project in a tier-II city, he said the commercial space will be built over four acres and the sports area over five acres. A school will also be built over 50,000 sqft. Hallmark also plans to build multiplexes, and villa service apartments in the near future.

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