Mohali, Jun 6 (UNI) Emaar MGF Land Ltd, one of the countury's leading real estate developers, today announced the launch of ''the terraces'' at Mohali in Chandigarh with an aim to cater to the growing mid-market segment.
Part of Mohali Hills, Emaar MGF's 3,000-acre integrated township, these independent low-rise luxury homes will feature the highest design standards and modern amenities at attractive price points.
''The terraces'' compliments the plotted developments and luxury apartments within this gated community with an offering at multiple price-points.
Phase I of ''the terraces'' is expected to be completed by 2010 and are priced at Rs 36 lakh upwards.
Designed to give one the feel of life in a Mediterranean villa, ''the terraces'' provide the safe surrounding environ of community living. Located within the neighbourhood of a nine-hole executive golf course, destination retail facilities, international hospitality properties, and premium residences, ''the terraces'' will house three independent dwelling units with the ground floor priced at Rs 46 lakhs, first floor at Rs 38 lakhs and the second floor at Rs 36 lakhs.
Elaborating on the launch, Mr William R Rattazzi, CEO, Emaar MGF, said, the company was committed to redefine lifestyle choices for an emerging India.
The latest offering, ''the terraces'', was a unique proposition providing contemporary luxury living at affordable price-points, he added at the launch.
Each independent unit comprises three bedrooms fully finished ready-to-move in homes. The ground floor homes come with charming gardens, the first floor has beautiful balconies and the second floor provides panoramic views from the terrace.
Emaar MGF's signature project, Mohali Hills, includes residential plots, townhouses and villas. Along with convenient shopping malls, landscaped gardens and recreational centres, the township will house special education and wellness zones, with fully equipped hospitals, schools and colleges with an aim to provide institutional facilities to the residents of the township.
The community will also include a world class office and IT park which in turn will provide a fillip to industry and businesses in the State.
UNI HS MP AS1739