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Doshi Housing announces new project in city

Chennai, Sep 29 (UNI) Real-estate developer Doshi Housing Private Limited today announced its latest project “Risington” on Central OMR in the city involving an investment of Rs 150 crores.
Foundation works were completed and the formal bookings, with an inaugural offer of Rs 4,850 per sqft, with a first-of-its-kind Investment Protection Guarantee scheme, would open on October one.
Talking to reporters here, Doshi Housing Director Mehul Doshi said
the project was located at Karappakkam on the Central point of the IT corridor of OMR.
It consists of 11.5 acres of ands and would comprise 496 apartments under Phase-I, works of which would be completed and delivered to the owners in 36 months.
Stating that 'Risington' was an IGBC certified Green building and will be a landmark on OMR, Mr Mehul said Risington would have 3 towers of 19 floors each and one tower of 13 floors in Phase 1.
The project will have 1,2 and 3 BHK homes ranging from 538 to 1599 sqft.
Limited edition exclusive Duplex apartments and Penthouses were also available on the top floors, he said, adding, with over 50 world class amenities and attractive pricing, it was bound to make a very good impact on the prospective buyer.
The single most significant fact was that the company would give for the launch bookings an Investment Protection Guarantee wherein the investment made by the customer would be protected from price-shocks.
''This guarantee implies that if there is a similar project launched in Karapakkam, OMR at a lower price, the company will refund the difference between the price at which the customer has booked with us and the lower price offered by any other builder for similar size projects, Mehul Doshi said.
Replying to a question, he said the company has lands at Thirumudivakkam, Kanathur and Vaanagaram in the peripherals of Chennai city where the future projects would come up.
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