The Hindu Business Line : Another swanky residential complex beckons Mumbaiites

WELL-HEELED Mumbaiites bored of their existing designer homes and scouting for a more fashionable address need, perhaps, look no further than Pune-based DSK Developer's new project in swank Cuffe Parade.

Durgamata Towers, a 31-storey residential complex, is coming up right next to Seawind, the erstwhile residence the Ambanis, and has as its neighbours the Godrej property of Belvedere Court. At Rs 20,000 per sq. ft and India's best-known business family as neighbours, it can't get any more fashionable.

Work on the Rs 90-crore project has just kicked off and when completed, it will be one of the most hi-tech buildings in the city, asserts the Group Chairman, Mr D.S. Kulkarni. And while one will have to wait till June 2006 to get a feel of it, initial information indicates that it will certainly look very striking on the Mumbai skyline.

The "intelligent" building, which is surrounded by the sea on three sides, will have a façade covered with alucobond, the new-age construction material that protects exteriors from corrosion. The aluminium façade will also protect its residents from the searing heat at higher levels and also bring down air-conditioning costs.

Up for grabs are luxurious three-bedroom flats of over 2,500 sq. ft and five-bedroom duplexes complete with family rooms and servants quarters.

Meanwhile, the company, which once had filmstar Madhuri Dixit on its board, has also announced its foray into the premium segment of the housing business in Pune city, aimed largely at non-resident Indians.

Frangipani, the Rs 30-crore project, is being designed by Singapore-based architectural firm SiteConcepts International, with its principal architect being Mr Chandrashekhar Kanetkar, who has designed several projects in Malaysia, Italy and Russia.

Living spaces in Frangipani have been designed to bring residents closer to nature, says Mr Kanetkar. The car park in the two 11-storeyed towers will be underground. The ground level will be used to develop large water bodies, swimming pools, jogging tracks, chill showers, acupressure path, a barbeque area and parks, he said.

Residents of the apartment complex will have other facilities such as digital video cameras strategically located for security purposes, especially in the children's play areas, electronic fire and burglar alarms and waiting rooms for drivers and staff, who will be connected on the intercom. The buildings will also have a common car wash bay.

The entire property will be maintained round the clock by property management support staff, says Mr Kulkarni.

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