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Key Facts
Year: 2010
Fund: Kotak Alternate Opportunities (India) Fund
Type: Asset / Project level investment
Status: Invested
Summary: Residential villa project spread over 23 acres, consisting villas.
Location: Outer Ring Road, Bangalore – Southern India
Developer / Partner: Adarsh Developers
The project is located on Outer Ring Road and is part of an existing villa development project called ‘Adarsh Palm Retreat’, which in turn is part of a larger project consisting of an SEZ, villas, proposed hotel and high-rise apartments. The project site is adjacent to the Intel office and is in close proximity to Wipro office and is well established as a residential location.
Phase 1 & 2 of Adarsh Palm Retreat has been successfully launched and majority units have already been sold. Phase 3B, consisting of villas spread over 23 acres, has been launched for sales and is under construction.
Adarsh Developers is a Bangalore based developer involved in residential and commercial development since inception in 1988. The firm has pioneered the independent villa concept in Bangalore and is known for its premium residential villa projects.
For more information, please visit www.adarshdevelopers.com