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HDIL and Ravi Group to form JV for residential project

Saturday, 31 Aug 2013

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HDIL and Ravi Group are planning to ink a JV agreement for setting up a residential project - Era Veulta - on Malad-Kandivali Link road in Mumbai, Maharashtra.

The JV project is being developed in various phases. Era Phase-I will comprise residential development of seven towers, each of 23 storeys, consisting of 1/2/2.5/3 BHK luxurious flats. The project, spread over 76 acre of developing area, is expected be completed by December 2015.

Phase-I of the project will offer recreational and sports facilities, clubhouse amenities, an indoor games room along with kids play area, restaurant, café & bar, swimming pool, health spa, and party lawns. It attains self-sufficiency with a well-equipped fitness centre, a spinning and yoga studio, banquet halls and conference rooms, a mini theatre and a ground level retail zone.