SMONDO 2.0 at Neotown Bangalore South

03 Sep,2010

Business Standard

September3, 2010



After having sold over 1000 apartments in Smondoville within three months, Patel Realty India Limited (PRIL), a 100% subsidiary of Patel Engineering Limited, today announced the launch of the second phase of its integrated township project Smondo 2.0 at Neotown, Bangalore South.

Smart designs and attractive condos come together as smart condos in Patel Realty’s Smondo 2.0 with just a limited edition of 239 condominiums available for the customers. Smondo 2.0 has evolved as an upgraded version of Smondoville.

Neotown is an integrated township across 120 acres of land and promises a whole new lifestyle for its residents. Apartment complexes, SEZ, school, medical facilities, theatres and much more are planned in the township. There is also a huge strip mall that will be constructed in the township that will be like an open air mall occupying 8 lakhs square feet on 16 acres of land. There will also be India’s largest food court at Neotown. Lifestyle, Spar, Max, Reliance Vision, Reliance Trend, Reliance Leisure, Reliance Leisure, Pantaloons are few of the mall tenants that have already signed up. Located in Electronic City, 1st phase, the township is just minutes away from the elevated expressway. By accessing this expressway, one can reach Silk Board Junction in about 5-8 minutes only.


According to Pravin Malkani, President, Patel Realty, “The idea is to promote a 12 minute lifestyle that will be totally stress free. If a resident needs to go to the theatre or just a walk around the lake, it won’t take more than 12 minutes to reach these amenities. The elevated flyover will allow them to reach even Koramangala in 11-12 minutes.”

Now launched at Neotown is Smondo 2.0 these 1, 2 and 3 BHK apartments with areas ranging from 675, 1025, 1400 and 1460 sqft. Apartments come with balconies, terraces and a choice of specifications and fixtures.

Smondo 2.0 occupies a premium spot in Neotown. Located at the highest point on the site, these exclusive apartments boast of a 360 degree view of the neighbourhood and are branded as the most prestigious apartments of Neotown which would have over 4000 apartments going forward. In addition to the view, there are several facilities planned for this project. A concierge will greet visitors at each of the three world class lobbies that are centrally air conditioned. There is also a Luggage & Shopping Cart system where in a concierge will help residents carry the shopping bags or luggage. Apart from these luxurious add-ons, there are facilities like swimming pool, gymnasium that faces the pool as well as a multipurpose hall where one can organize parties and events. The special feature of this hall is that there is a spill out deck for larger gatherings. A sprawling children’s play area is designed keeping the safety of the children in mind. That is the reason why it is strategically located in a no-vehicle zone.

About the company:
Established in Mumbai in 2003, Patel Realty India Ltd (PRIL) is a wholly owned subsidiary of the Patel Engineering Group Patel Engineering (BSE: PATENG) is a sixty year old company with a global presence in infrastructure, power, tunneling, and currently has a market capitalization exceeding 2650 crores approx US$ 575m. Patel Realty India Ltd. operates as a diversified real estate developing company engaged in the development of real estate and currently has under its development portfolio three integrated townships, One million sq ft of high end commercial space in Mumbai and several other residential projects in Mumbai, Noida, Hyderabad and Mauritius. The execution of all the projects of the company is backed by its parent company which has successfully completed  over 350 Projects over six decades and has a global presence in USA, Greece, Indonesia, China, Chile, Eritrea (Africa), Qatar, Nepal, Mauritius, Sri Lanka & Bhutan.



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