Sunday, January 29, 2012

Fortis Malar Hospital coming up on Arcot Road near Big Bazzar, closer to Gerugambakkam


Fortis Malar's second hospital in Chennai will be ready by September/October this year.

About Rs 200 crore-225 crore is said to have been invested on this 250-bed hospital, according to sources close to the development.

Fortis Malar group has taken Kochar Towers on Arcot Road, Vadapalani on long lease.

The commercial building is being converted into a multi-speciality hospital spanning 1.5 lakh square feet.

Malar's other hospital in the city – a 250-bed centre – operates in Adyar.
In 2007, the Fortis Group acquired Malar Hospitals for Rs 26 crore.

Fortis' acquisition of Malar came along with a Rs 20-crore debt. Malar wiped out all its accumulated losses in the second quarter of this year and is ready to expand.

Source: http://www.thehindubusinessline.com/...cle2836955.ece

Friday, January 20, 2012

Prestige Bella Vista Apartments, Porur near Gerugambakkam


The project, Prestige Bella Vista, is  Prestige's first major residential development in Chennai, after it entered the market with a series of commercial projects.

Quick facts:

  • Location: Mount Poonamallee Road, Porur, Chennai
  • Development Size: 25.18 Acres – 20 Residential Towers comprising of 33 Blocks (G+16 Floors)
  • Number of Units: 2613 Apartments of 1, 2, 3 & 4 Bedrooms

Bella Vista will offer 2,613 apartments of one-to-four Bedroom-Hall-Kitchen units at an initial base price of approximately Rs 4,200 a square foot.

The project at Porur, a suburb to the west of Chennai, is to be completed during the next three years, according to Mr Irfan Razack, Chairman and Managing Director, Prestige Group

Bella Vista will have open areas of approximately 19.5 acres, and a range of modern amenities, including a 52,000 square-foot club house.

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Project Website: http://www.prestigeconstructions.com/bella-vista/overview.html