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Excon, Excon 2011 Biggest Construction Equipment Trade fair India.

 
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Real Estate  

FIRE Arcor’s township in Nagpur

 
6/23/2009 11:38:00 AM

Nagpur, June (EPC News): FIRE Arcor Infrastructure Pvt Ltd has announced the launch of an integrated township in Nagpur with a project outlay of over Rs 1,000 crore ($200 million).

With more than 6 million sq ft of built-up area, the township, ‘The Empyrean’, is the largest FDI promoted project in Central India.

FIRE Arcor is a joint venture between FIRE Capital Fund, a real-estate focused private equity fund, and the Arcor Group, Nagpur. The Empyrean, conceptualized and planned by the architectural firm Aedas of Hong Kong, offers 5,000 residential units, including villas, row houses and affordable apartments.

Located at Kothewada on the Outer Ring Road, adjoining the MIHAN project, the project is in the prime development areas in Nagpur. This township will also have special riverfront sports and recreation zones of more than five acres. The Empyrean will also offer retail facilities, commercial/office towers, banquet halls, clubhouse, hospital and a hotel. The integrated township is expected to be completed in phases over the next six years, with Phase I getting delivered in 24-30 months from now.

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