MARG Group
Business Segment MARG KARAIKAL PORT REAL ESTATE RESIDENTIAL REAL ESTATE COMMERCIAL MARG SWARNABHOOMI Marg EPC MULTI-LEVEL CAR PARKING

Press Releases

MARG ProperTies Launches 'BRINDAVAN'
~ Smart Affordable Homes strategically located between Sriperumbudur and Oragadam Junction ~

Chennai, December 01, 2010, MARG Limited: MARG ProperTies, the real estate arm of one of India's fastest growing infrastructure organisations has come up with yet another milestone project, Brindavan – Smart Affordable Homes in lush scenic surroundings. The residential project is centrally located between Sriperumbudur and Oragadam on a 6 lane expressway. Truly a value for money initiative, the project has a special introductory price of Rs. 1999/- per sq. ft and for a flat of 611sqft (2BHK), customers can now look forward to a monthly EMI as low as Rs. 10,000/-.

Brindavan will be at a distance of 4 km from Sriperumbudur and, is spread over a mammoth 16.5 acres, 8 kms from Oragadam. Brindavan will feature 14 blocks with 14 levels of 12 apartment units in each floor, thereby making it a total of 2,184 units. All the units in this project will be 100% vaastu compliant.

Speaking about the project, Mr. Oscar Braganza, Executive Director, Real Estate and Industrial Clusters, MARG Group, said, "Oragadam along with Sriperumbudur have seen major investments from leading MNCs in recent times and the opportunities here are immense. The area is conceived to be one of the largest automobile hubs in the world, with all the major auto companies setting up shop here. With the area buzzing with industries, it was apt for us to come up with a residential project around the area. The USP of the project is that we would provide world class amenities, state-of-the-art facilities within the reach of the middle class."

The property will have 2 bhk apartments of 611 sq.ft, 613 sq.ft, 889 and 893 sq. ft. and 3 bhk apartments of 1054 sq. ft. each. The club house at this property will be a blend of convenience, essentials and entertainment and will have yoga centre, swimming pool, ladies/children swimming pool ,community hall, crèche, restaurant, indoor play area, game room, library, fitness centre. The outdoor amenities include 1.6 acres of community park, welcome plaza and entry, elders plaza and pavilion, central court, wind sculpture, children's play area, multiuse sports court and activity field, spiral amphitheater, amphitheater fountain, shuttle service. Basic amenities include a school, convenience shop, vegetable shop, ATM, saloon, poly clinic and ambulance.

Each apartment has been carefully crafted to ensure ample ventilation, lake view, and efficient unit plan with good carpet to saleable ratio. The multi level car parking facility in the complex ensures sufficient parking space for the members of the complex.

SRIPERUMBUDUR-ORAGAGADAM BELT:

Industrially, the area is rich with existing and upcoming big companies like Daimler, Renault – Nissan, Komatsu, Nokia, Dell, St Gobain, Foxconn, Flextronics to name a few. In addition to this, the Tamil Nadu government is also proposing to build a Rs. 300 crore Oragadum Industrial Corridor Road which is expected to give a thrust to industrial activity in the Oragadam-Sriperumbudur clusters. It will also provide additional connectivity with Grand Southern Trunk Road. With more and more manufacturing units starting their operations around Oragadam, the place is becoming the fastest growing suburb of Chennai.

ABOUT MARG PROPERTIES

MARG ProperTies, is the umbrella brand for all offerings of MARG Limited in the living spaces/homes segment. MARG ProperTies, as the residential arm of MARG offers value enriched homes and builds everlasting relationships. MARG ProperTies has added over 2000 happy customers to the MARG family till date.

Right from features like upgrading to a better home, to getting the assured carpet area and even with the simplest things like providing assistance in selecting home furnishings from our exclusive shortlist of associates – the home seekers interests is always a high priority at MARG ProperTies.

MARG ProperTies has something to offer for everyone, showcasing a range of living spaces from functional affordable homes to ultra luxury villas. MARG ProperTies operates with a high degree of transparency and has built reliable ties with architects, financial institutions, vendors, consultants and stakeholders. This enables us to attract global partners and use state-of-the-art technology to consistently deliver the best.

For more information log on to http://www.margproperties.com.

ABOUT MARG LIMITED

MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure, real estate development and services company. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of 'Permitted Security'. MARG's businesses are organized under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate. MARG is strategically developing greenfield ports on the Eastern Coast of India. The Karaikal Port is currently operational with a capacity of 5.2 MMTPA (Million Metric Tonnes Per Annum) and phased expansion is underway to eventually scale up to 47 MMTPA. The Company has also been awarded a contract to develop a Minor Port cum Ship Repair Yard at Mugaiyur. In addition to marine infrastructure, MARG also offers related services such as dredging and logistics. MARG Swarnabhoomi, the Company's flagship project in Urban & Industrial Infrastructure, is being developed as an inclusive city based on the principles of New Urbanism, with unique offerings for Business, Living & Learning. The Company's EPC division provides integrated turnkey solutions for Greenfield and Brownfield projects pan-India serving clients such as L&T, BHEL, Indian Oil, HP among others. MARG's Residential Real Estate business, under the umbrella brand MARG ProperTies, offers homes across multiple segments with focus on affordable housing. Malls, IT Parks and Office Spaces constitute the Company's Commercial Real Estate business. MARG is also expanding its sectoral presence with Airport projects in Bellary and Bijapur and a Multi-Level Car Park (MLCP) in Chennai.

The Company, currently employing over 1000 people, is ISO 9001: 2008 certified for carrying out activities in planning and development of commercial, residential and turnkey projects. MARG Ltd. and/or its subsidiaries have offices in India, China and Singapore.

More information on MARG is available on http://www.marggroup.com