CHENNAI: A Rs 300-crore mega residential project spread across six acres of land before Sholinganallur junction in Old Mahabalipuram should dot the skyline by 2014. Adressing a press conference here on Wednesday, director and chief executive officer of ASV Constructions Vaibhav B Kamdar said the super luxury project, Alexandriea, designed by Singapore architects Team Three would have four towers, each with 17 floors comprising 374 designer homes.The property is sea facing and is just a few kilometres from Adyar and Neelankarai. The project will be built on 20 per cent of the land and will have 80 per cent open area with lush greenery overlooking the Bay of Bengal. Three towers will have six three-bedroom apartments of 1,850 square feet on each floor. The fourth, the signature tower, will have four luxurious four-bedroom apartments of 2,750 square feet, without shared walls to ensure complete privacy.The apartments are expected to cost more than a crore of rupees and Vaibhav says that since they serve the IT clientele, it won’t be hard to market their property.“Over the last 10 years we have been developing commercial complexes and IT parks with international standards, which house 500 companies such as Cisco, Aricent Group, Posco, Renault, Nissan, CTS, Tata Motors, Cap Gemini and Deloitte. Now, with OMR being declared a part of the city, we decided to develop a super luxury residential enclave targeting the upmarket segment,” said Vaibhav.Alexandriea will have top of the line recreational facilities like a club house with gymnasium and aerobic hall, badminton and multi-purpose courts, swimming pool and jacuzzi, steam and sauna baths, squash courts, virtual golf courses, tennis courts, cricket nets, foot reflexology and other facilities like serviced apartments, a mini mart, 24/7 security surveillance, 100 per cent wi-fi connectivity and CCTV cameras, said Bharat Kamdar, managing director of ASV Constructions.
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