Sobha Developers & Lakshmi Machine Works join hands to launch Elan
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Sobha Developers & Lakshmi Machine Works join hands to launch Elan

By siliconindia   |   Tuesday, December 24, 2013


Coimbatore :In an initiative of its kind, Sobha Developers Limited and Lakshmi Machine Works (LMW) Limited have launched a unique residential project called elan at Parasakthi Nagar, Ganapathy, Coimbatore.Combining comparative strengths of each other, two industry majors in their respective sectors ' real estate and textile machinery manufacturing, have come together for the first time in Coimbatore. With a population of over 35 lakhs, Coimbatore is one of the fastest growing tier II cities in India. It is the engineering, textile, educational and healthcare hub of Tamil Nadu. The number of young professionals are rising in the region who have real and aspirational need for good, safe and secure housing equipped with quality amenities. The Sobha ' LMW venture looks to fulfil this need through elan. The project signifies elegance, energy and style. The 4.76 acre development offers 236 units of 1 BHK,2 BHK and 3 BHK configurations ranging from 800 ' 1700 sq feet. It has immense locational advantage as Ganapathy in Coimbatore is a well- endowed industrial hub with IT concentration. elan is designed in such a way whereby, 20% of its units will go in accommodating 1 BHK; 50% will accommodate 2 BHK and the rest will be 3 BHK. The price points are very competitive, keeping the kind of quality products in mind and the set of amenities that will come with it. The price ranges from rs 45 lakhs to rs 1 Crore for the units at elan. At present, the soft launch has a very lucrative price point of rs 5200/- per sq feet which may climb up to rs 5400/- per sq feet during the formal offering later. It is clearly evident that the housing complex is designed in such a way so that people ranging from 25 to 55 years age can be accommodated well and it meets their aspirational needs. Some of the eco-friendly initiatives that will be woven into the project are water treatment, sewage treatment and solar heating. It also has excellent landscaping with abundant greenery and vehicle and pedestrian segregation. Furthermore, abundant parking facilities, clubhouse with swimming pool,gymnasium, indoor and outdoor games area along with a joggeres path will be provided. Speaking on the occasion, Mr. R. Rajendran, Director Finance, LMW said, 'We are delighted to have partnered with Sobha Developers which shares the same set of values like we do. With our focus on customer centricity and technological leadership combined with Sobha's expertise in best-in-class quality construction and timely delivery, I am confident that elan will provide a world-class living experience in the heart of the city.' Mr. P. Ramakrishnan, Deputy Managing Director, Sobha Developers Ltd. said, 'We at Sobha Developers are pegged at quality products, timeliness and excellent workmanship. We entered the Coimbatore market 18 years ago with Harishree Gardens, a 132 acre township consisting of villas and row houses. elan, a joint venture between the reputed LMW and Sobha is our second residential development in this market that will provide best-in-class amenities and meet the growing aspirational needs of the young professionals here. It will not only provide a safe and secure living environs with good quality amenities but a complete lifestyle which is contemporary and enriching.'

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