House of Patel’s US$25 million ‘Natasha Riverdale’ project - 75 percent sold out in less than two months since its UAE launch
Posted: 26-06-2008 , 09:37 GMT
Patel Real Estate Developers (PRDPL), the real estate arm of ‘House of Patels’, one of India’s leading business conglomerates has announced that it has sold 75 percent of the ‘Natasha Riverdale’, a US$ 25 million plotted development project spread across 60 acres near Kochi, Kerala in less than two months since its launch in the UAE. Investment into this project can be done by Arab nationals and other expatriates in the UAE after fulfilling the basic documentation requirements.
Thailand based Banyan Tree Spa operator has also identified the location for their upcoming spa development. Just 26 kilometers from Kochi city, this upscale community project will have a waterfront area for all plots, 5 acres of manmade lake, 9/7 metres wide internal roads, marina, and facilities for various outdoor activities, water sports and fishing among other features.
“Natasha Riverdale is the only project in Kerala designed with boat owner’s interest in mind there are 15,000 boat owners in Ernakulam city expected in the next 3 years. We are delighted to launch Natasha Riverdale our unique masterpiece amidst both individual and institutional investors in the Middle East. The project has two side river fronts and the land is full of palm trees and foliage. Kerala has experienced a growth rate of over 35 percent per annum in tourist inflow and this project will further grow the industry,” said A.S.Patel, Chairman, ‘House of Patels’.
Over the years, Kochi has emerged as the commercial and industrial capital of Kerala and is perhaps the second most significant city on the west coast of India (after Mumbai). Kochi is proud of its world class port and international airport that links it to many major cities worldwide.
A host of development projects are likely to transform Kochi into a key center of development in South India. An estimated investment of approximately US$10 billion is in the pipeline seeking to make Kerala an emerging hub of IT and sea-based industries. As per published reports, Tecom Investments has signed a $350 million SmartCity project in Kochi with the Kerala government. Furthermore, in 2005 DP World signed an agreement with the Cochin Port Trust (CoPT) to construct, develop and operate an international container transshipment terminal at Vallarpadam, Kochi, India.
“Kochi is arguably the ideal starting point for exploring the unfathomable diversity and beauty of Kerala, rated in the top three tourist destinations by the World Travel & Tourism Council and featured in National Geographic Traveler's '50 greatest places of a lifetime'. Our project is located near Kochi and would be the next – talk of the town destination in Kerala. This nature friendly project will also provide buyers to earn income from home stay tourism opportunity,” said Rajesh Pillai, Vice Chairman, House of Patel.
“Connected with wide tarred roads, life at Natasha Riverdale is just mesmerizing. Just 15 minutes by boat to Vembanadu lake, our waterfront plots spread across 60 acres at
Poothotta Kochi, is divided into plots of around 50 cents each with waterfront area. One can make a farmhouse, use the club house and can also park the boat right in front of your house. With many flagship projects coming up in the neighbourhood, Natasha Riverdale would also serve as a highly lucrative investment option,” added Pillai.
Natasha Riverdale is strategically located in an area surrounded by developments like
Brigade group’s Golf course.
Currently the company is also marketing several major Dubai properties such as Burj Dubai Lake Hotel, The Boulevard, The Residences and The Old Town among other landmark projects spread across the Palms, Business Bay and other major locations. The property arm of 50 years old group - House of Patels, is a multi million-dollar conglomerate with interest in diversified fields including transportation, logistics, finance, constructions, courier and real estate developments.
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EDITOR’S NOTE: ABOUT - HOUSE OF PATELS;
House of Patel Property is the latest venture from The House of Patels, considering the exceeding demand for property in UAE and India; the company has introduced a new concept in property market by connecting the Indian & UAE Markets together. By affiliating with the biggest builders in both countries, the company helps the customer own the dream property without any hassles and cost. House of Patel Property is a Team of Property Consultants based in Dubai, UAE looking after the Sales and Marketing of Properties in India and in Dubai. We are the property arm of 50 years old group - House of Patels, which is a multi million-dollar conglomerate with interest in diversified fields including Transportation, Logistics, Finance, Constructions, Courier and Real Estate Developments. With net assets of well over US$ 200 million and market capitalization of US$ 500 Millions, the company is listed in Indian Stock Exchange and is now strengthening its position as a leading Property Marketing company by focusing on the core business of marketing properties globally. The company has own offices in United Arab Emirates, USA, UK, Canada, India, Hong Kong, New Zealand and have active agents network & representatives in more then 80 countries. The Real estate division from the House of Patels is driven by passion, quality and professionalism to provide best advice and service. With experience of more then 5 decades the company has gained many high profile clients, which includes landlords, investors and organizations, both local and international. To ensure you the best deals, we have most of the builders and properties listed in our web site. Facility to find a property by builder, city or price range and an enhanced "Agents Network Program" to easily manage your deals with your nearest agent. For more information kindly log on to
www.houseofpatels.com. For more information;
http://www.albawaba.com/en/countries/UAE/230396