KG Developers to set up Chennai city's first Gated community project

Chennai, April 26, 2007: KG Developers and Promoters, one of Chennai’s city’s early and leading property developers with over 10 million sft. of residential and commercial space to its credit today, announced that it is setting up the first gated community complex within the city limits. To be called KG Green Meadows, the project with a projected investment of INR 50 crores, will be a boon to health and lifestyle conscious citizens of Chennai. Green Meadows is slated to be the first of its kind healthy living complex centrally located in the heart of the city, with a unique Oxygen Parlour and numerous other lifestyle enriching amenities such as jogging track, reflexology pathway, meditation centers, steam, sauna, jacuzzi, gymnasium and swimming pool. KG Developers and Promoters have since acquired 4 acres in Velachery where the project will come up. The project is scheduled for completion by early 2008.

Designed to international specifications, KG Green Meadows would have 100 inward-facing semi-detached villas, garden apartments and penthouses, which allow individuals to shut off the noise and traffic pollution on the roads. The 2 & 3 bedroom villas ranging from 1500-1800 sq ft., will promote and fulfill the needs of a growing number of health & wellness conscious consumers who are looking for easily accessible amenities, that help them lead a healthy lifestyle amidst their hectic schedules.

Commenting on the project, Gayithri Punjabi-Mirza, Director, KG Developers and Promoters, said,”KG Green Meadows is reflective of the evolution of the Indian home owner and their increased awareness of healthy living and wellness in their daily life. We have identified this current need and have conceptualized a unique project that brings forth healthy living to the doorsteps of the occupants of KG Green Meadows. Another key element of this community is its location in the new center of Chennai city. This is consistent with KG’s emphasis on staying in tune with the Indian customer’s lifestyle requirements.” “Having been personally involved right from the drawing board stage, am excited with the concept and the originality in launching the first gated community that is designed for healthy living,” she further added.

Founded in 1980 by Kishorkumar Gokaldas, KG Developers & Promoters Pvt. Ltd is among the oldest successful players in the Chennai real estate market. An ISO 9001:2000 certified organization, the company provides end-to-end real estate solutions, from land procurement, customer counseling, design and development, marketing, tenanting, re-sale and finance for real estate. KG Developers has to its credit over 110 residential and commercial projects dotting prime locations in Chennai.

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