Tuesday, April 12, 2016

Bangalore-based MJ Infrastructure Enters Kerala Launching Five Residential Projects



  • The company has launched 3 projects in Kochi and one each in Kottayam and Thiruvananthapuram. The project in Thiruvanthapuram is the largest of its kind residential township in the capital city while the first apartment project in Kochi will be ready for delivery in May-June 2016.
  • The Bangalore-based MJ Infrastructure is planning to invest Rs.1000 crores in various residential projects across Kerala within the next two years

Kochi: In a move that could add momentum to an otherwise sluggish real estate market of the NRI-driven state of Kerala, MJ Infrastructure, a Bangalore-based realty major with 17 years of growth history and 15 completed projects covering about 6.3 million sq ft of built-up area, announced their entry into the state with five luxury residential projects spread across the state. Speaking to the media in Kochi, Mr. Dr. P. Anil Kumar, Chairman & Managing Director, MJ Infrastructure, said the company has launched three luxury apartment projects in Kochi and one each in Kottayam and Thiruvananthapuram, in addition to a villa project in Thiruvananthapuram. He said the construction of MJ Lifestyle Argento adjacent to Lulu Mall in Kochi, a luxury apartment project, is almost over and will be ready for occupation in May-June 2016. MJ Lifestyle Argento will have   2 and 3 bedrooms ranging from 1053 to 1680 sq ft, with prices ranging from Rs.42 Lakh to Rs.67 Lakh. Aambience, the company’s second project in Kochi, in Thripunithura, off Seaport-Airport Road, will have will have 126 units of 2 and 3 bedrooms ranging from 1129 to 1364 sq ft, with prices ranging from Rs 34 Lakh to Rs 41 Lakh. Aambience is scheduled to be completed by December 2017, Dr. Anil Kumar said.

“Apstone in Thiruvananthapuram is going to be the largest residential township in the capital city coming up in 10.5 acres of land with a total of 176 units. The township will have two separate projects - of 86 villas and 90 apartments,” Dr. Anil Kumar said. Apstone will have 2 & 3 bedroom apartments ranging from 1293 sq ft to 1620 sq ft. while the 3 & 4 bedroom villas in this landmark project will be ranging from 1445 sq ft to 3385 sq ft. The first phase of the project is expected to be complete by April 2017. Adona, coming up in Pampady, Kottayam, a 65-apartment tower, will have 2 & 3 bedroom apartments ranging from 1142 sq ft to 1524, in addition to duplex 4 BHK of 2304/2452 sq ft.

The projects will have amenities like swimming pool, roof top party area, CCTV surveillance system, sauna and Jacuzzi, intercom facility, rainwater harvesting system, sewage treatment plant, children’s play area, provisions for centralized gas supply and round the clock security among others. Apart from these amenities, the Apstone project in Thiruvananthapuram will have an organic farm, ayurvedic treatment center and Gazebo among others.

Dr. Anil Kumar said the company is bullish on the growth prospect of the real estate sector in Kerala as there exists genuine demand despite the temporary slowdown in certain areas. “Delivering quality and that too on time with varied budget and location options added with volumes justifying economies of scale is the name of the game. Having a background of robust growth in a tough and demanding market like Bangalore, we are confident about our prospects in Kerala. Considering these, in the next two years, we are planning to invest nearly Rs.1,000 crores in the state,” Dr. Anil Kumar said.

Founded in 1999, MJ Infrastructure, a Rs.3000 crore company, is one of the few backward integrated real estate players in the country with in-house resources to deliver a project from its conceptualisation to completion, on time. The company is primarily focused on residential and contractual projects. The company’s residential projects include apartments, villas, row houses, luxury, super luxury & moderately priced apartments and plotted development. In all its residential projects MJ Infrastucture lays strong emphasis on environmental management, water harvesting and high safety standards.

On the contractual side, the company has constructed a variety of structures for corporates including offices, convention centres, software development blocks, multiplexes, hostel facilities, guest houses, food courts, restaurants, research centres, and club houses.

MJ’s superior quality execution capability is its core strength. As of March 31, 2016 in the past 17 years since its inception, MJ has completed 15 real estate projects and 12 contractual projects covering about 10 million sq. ft. The company currently has 10 ongoing residential projects aggregating to 24.54 million sq. ft. of developable area and 17.35 million sq. ft. of super built-up area, and 12 ongoing contractual projects aggregating to 5.93 million sq. ft. under various stages of construction.

For more details, please visit www.mjinfrastucture.net



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