[News] Jeeyar swamy formally launches Raintree Park venture

[Guest guest]

Andhra Prades - Guntur

Staff Reporter

3,300 apartments and 276 houses will be constructed in an area of 5.5

million square feet

 

T. Vijaya Kumar.

 

Auspicious opening: Chinna Jeeyar Swamy releasing brochure of Raintree

Park Dwaraka Krishna township in Guntur on Monday. -

 

GUNTUR: Srimannarayana Tridandi Chinna Jeeyar Swamy on Monday formally

launched construction of the Rs.1,200-crore state-of-the-art Raintree

Park Dwaraka Krishna township with all modern facilities that would

come up opposite Acharya Nagarjuna University on National Highway No.5

on a 120-acre site.

Taken up by as joint venture by the IJM Lingamneni Township Private

Ltd. with a Malaysian company, it would construct 5.5 million square

feet of built-up area within five years in the form of 3,300

apartments and 276 individual houses, the IJM India Chief Lingamneni

Ramesh said.

 

Create homes: The Jeeyar Swamiji releasing the brochure of the venture

appreciated the facilities being created by the company, which would

bring people back from the cities to villages. He advised the

developers of the township to not only construct houses, but try to

create homes Protecting the local traditions and culture was key to

promoting global villages, though people form different may come to

live here, he added. VGMT Urban Development Authority Chairman Malladi

Vishnuvardhan said that project in addition to another one coming in

the vicinity would help the process of converting Vijayawada-Guntur

into a twin city soon. The township has units of all sizes to all

pockets and a centrally located 7-acre lake has been formed.

 

Using the latest technology and know-how from the Malaysian IJM

Properties that had 20 years of experience in such projects would go a

long way, said its Managing Director Teah Kean Ming. Zilla Parishad

Chairperson Kuchipudi Vijaya, and Tobacco Board Chairman J. Suresh

Babu, were also present on the occasion.

 

 

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