Project "Estancia" : L&T Urban Infrastructure Ltd. (L&T UIL) has teamed up with Chennai-based Arun Excello to jointly promote an integrated township project at Vallanchderi on the GST Road in South Chennai.The project, named "Estancia", will come up on 78 acres. The project outlay is expected to be around Rs. 1,500 crore apart from the land cost of Rs. 300 crore.Project `Estancia' will comprise a residential zone with 2,000 apartments, a clubhouse, an IT park, a school, a mall, serviced apartments and a hotel. The residential project will be launched on April 14. The first phase of the project will have 700 residential apartments and will be completed by March 2009. The entire project will be implemented in three phases and completed over four years, according to the promoters.
Estancia would have a residential space of around three million square feet spread over 37 acres and an IT park spread over 27 acres with 2.7 million sq. ft. office space. It would also have a retail mall, a hotel and serviced apartments totalling one million sq. ft.
The project would also have a school on a three-acre plot. Booking Rate : Rs 3150/- per sq ft
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