UAE-based conglomerate Merint has announced that its first India-based residential project at 219 Boat Club in Pune is now ready for occupation.
Conceptualized and designed by Atkins, the architectural firm best known for the Burj Al Arab in the UAE, the luxury project took almost four years to complete, the company said in a statement.
It said 219 Boat Club becomes the city’s most exclusive address with 10 ultra-luxury boutique apartments, each with its own private pool, priced at $3 million.
The company added that the rapid pace of urbanization coupled with India’s increasing attractiveness to NRIs seeking tangible options to invest in has led to a marked growth in interest for high-end luxury housing.
Merint said it also plans to invest around $100 million to develop a luxury villa project in the hills overlooking lakes and valleys near Lonavla, a hill station between the metro cities of Pune and Mumbai, adding that 280 acres of land has already been acquired.
“We recognize this trend and were always keen to ride the wave but not through just another residential tower," said Fazal Manekia, founder and CEO, Merint.
Surrounded by trees, 219 Boat Club also has a cinema room and, a gymnasium and rooftop terrace with views of the Mula Mutha river.
“Firmly founded on the codes of enhanced living, contemporary minimalism and clarity of detail, each element of 219 Boat Club has been sculpted and selected to create a customized canvas of experience,” added Ayesha Contractor, senior project manager at Atkins.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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