The country's largest real estate company - DLF will be launching its luxury homes project 'Bay View' at Marine Drive today. The project which comprises exclusive air-conditioned apartments have prices ranging from Rs 1 crore to Rs 2.8 crore developed in 3.78 acres of land.
The project is in close proximity to the Vallarpadam International Container Terminal and the new Express Highway which connects the container terminal with NH47. The apartments in the complex are in the range of 1300 sq.ft to 2700 sq.ft, approximately and a few exclusive town houses have also been included to cater to very exclusive clients.
The apartments are airy and most of them have east facing entrances to make them Vaastu compliant. The property overlooks the backwaters, harbour and the Bolgatty Island. It also has a 20,000 sq.ft clubhouse with swimming pool, three tier security system with video surveillance, air-conditioned lobbies with lounge seating, convenience store for daily needs, etc. The company is also planning to open an exclusive boutique shopping arcade in the complex.
DLF is primarily in the business of real estate development. It operates in all aspects of real estate development, ranging from acquisition of land, to planning, executing, constructing and marketing of project. The company has reported a net profit of Rs 204.84 crore for the quarter ended December 31, 2010 as compared to a net profit of Rs 224.43 crore for the quarter ended December 31, 2009, down by 8.73%.
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