Multimillion Green property Projects, Luxury Apartments in India .
Malabar Developers, the real estate division of Malabar Group, has partially developed Montana Estates, a Rs 3,000 crores luxury housing project in Kozhikkodu, Kerala on a 150 acres land located far away from the hustles of the congested city. Despite the sluggish real estate and construction market in the state due to the dual shock of currency note ban and the Central Governments crackdown on black money, the first stage of this mountain villa project is already completed and other stages are on progress as scheduled, MP Ahmed Chairman of the Group said.
Malabar Group, known for its famous Malabar Gold and Diamonds jewellery network spread across the world, is confident of scaling new heights by relocating its headquarters to the Mountain City under construction. Started from Kozhikkodu as a small village enterprise based on cooperative funding in 1993, Malabar Gold & Diamonds has recorded tremendous growth to reach a retail network of 191 outlets spread across nine countries, 11 wholesale units in addition to offices, design centres and factories spread across India, Middle East & Far East.
The much talked about recent ban of high denomination currency notes by the Narendra Modi Government in New Delhi had a huge impact on the property market in general and luxury apartment projects in particular, because of current restrictions on cash transactions. While the unorganized builders and secondary market was hit hard by the new decision, property prices and transactions have been sluggish after the note ban partially due to the overall depressed economic situation and the so-called crackdown on black money. The Resale Property market and luxury property projects are directly affected by the note ban, but there is more transparency in the property market now, helping professional developers. The crackdown on banami property holders too has adversely affected construction, but the market is becoming more organized and transparent, according to experts.
With an annual turnover of $4.5 billion, as claimed by the Group, the company currently ranks among the world’s top five jewellery retailers in terms of annual turnover. Property development and multi-million luxury townships are two major investment avenues that the group has made, after successfully developing the global jewllery business network. The Group has over 1,700 investors and more than 9,000 professionals to implement these ambitious projects. While property development is a risky proposition in an uncertain market, the backing of high net worth investors can shield it from the real estate market uncertainties. ( Pix: M P Ahmed, Chairman, Shamlal Ahmed, MD International Operations, Executive Director Abdul Salam, K P Architech Tony Jose, Rahul and Hafees )
Located beautifully at 800 Ft above sea level in Kuttikattoor, Kozhikkodu, Montana Estates is developed in 150 acres of land. It offers wide expanse of space, privacy, and serenity as well as a whole array of amenities and luxury with the added benefits of a closed residential community. With no danger to nature and without damaging the existing trees as well all other natural plants, Malabar Developers is trying to keep the beauty of nature intact said. M.P Ahammed, Chairman, Malabar Group. “We are planting 1 lakh saplings to maintain this natural beauty and the greenery by the design of this project. Through this we are trying to create an example of safeguarding nature.,” he added.
‘Montana’ (‘mountain country’), the project comprises of custom designed signature bungalows, luxurious villaments and apartments. Conceptualized as an exclusive residential community, the undulated terrain, green-carpeted slopes and the good weather are among the top reasons to live in the resort ambience. The Malabar Group headquarters is coming up in Montana Estates which also has other facilities like Signature bungalows, villaments, spa, resort, organic farming, fitness center, clubhouse, as well as all other modern facilities. When this project gets completed this will become one of the first nature-friendly townships in South India, the company officials claimed. Price per square feet in this luxury project is Rs 8000.
Cloudberry - the villament project envisaged at the heart of Montana Estates offers a combination of a villa+ apartment living. Schools, malls. facilities to do farming, helipad, separate swimming pool for men & women, open playground for kids and adults, gym, jogging track, cycling track, adventure sports area, theatre, art parks, coconut farm, lotus ponds, bamboo forests, various types of gardens, business centre, clinic & pharmacy, convention centre, mini theatre, facilities for banking services, food court, restaurant, solar street lights, water purification plants, full time generator, waste treatment plant, ample parking, 24 hour security facilities are provided in Montana Estates for the community residents. The luxury housing project located in one of the highest points in Calicut with panoramic views is designed and developed by internationally acclaimed designers from across the globe. The roads to the hills are designed to enable people to enjoy a hilltop view.“Once the development is in place the HQ will shift and will commence operations from there,” said MP Ahammed.
Malabar Developers is working on multiple projects in Kerala and other neighboring states Calicut, Trivandrum, Kochi, Perinthalmanna, Thrissur, Kannur, Kottayam are the districts where various other projects of Malabar Developers are being planned and developed. In addition to luxury projects, housing for the budget conscious customers is also a focus area of the property development division.
Mall of Travancore in Trivandrum will be open for the public within the next couple of months. The Marina Convention Centre in Farook, Kozhikode near the Chaliyar river will be a major destination with an amusement centre. It will also be a leading wedding destination in Northern Kerala where around 2000 people can be accommodated at a time in a Air Conditioned hall. There is ample parking space as well as a facility for guests to stay. Other facilities include boating, water sports, seafood restaurant on the bank of Chaliyar river.
An IT Township in Thrissur town, planned as a town within a town, is also progressing. The township has IT park, Business Park, multiplex as well as all modern facilities. In Bangalore as well as other towns in Karnataka, TN, Telengana, Andhra Pradesh, Maharasthra similar townships are being planned. Organic farming to tap new generation is getting ready in Kuttikkattoor and neighboring villages for organic farming’ as well as traditional farming.