News

Chintels ties up with Sobha Developers and QVC Realty for development of 153-acre township in Gurgaon

NEW DELHI, OCTOBER 3, 2007:

Chintels India Ltd. has signed an agreement with Sobha Developers and QVC Realty for the joint development of a 153-acre township in the prime sectors 106 and 109 in Gurgaon, Haryana. The township would be the closest township in Gurgaon to Delhi, virtually a stone's throwing distance from Dwarka and the new terminal of Indiara Gandhi International Airport.

The salient features of the project include an integrated township of world-class design and quality consisting of homes, apartments, commercial, retail and office space at a projected investment of over Rs 2,000 crore and a total development in excess of 6.5 million sq ft.

The township would be developed jointly by Sobha Developers, a leading real estate company with other township projects in Kochi and Thrissur (Kerala), QVC Realty which is based in Bangalore.

Mr. Prashant Solomon, Director of Chintels India Ltd,, the flagship company of the Chintels Group said, "We are glad to be associated with professional partners like Sobha Developers and QVC Realty. This township project will help us establish ourselves as a prominent player in the NCR real estate market.”