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House of Patel promotes US$25 million 'Natasha Riverdale', a 60 acres urban project in Middle East.

House of Patel promotes US$25 million 'Natasha Riverdale', a 60 acres urban project in Middle East

Project is strategically located at Poothotta, 26 Kms from Kochi City, Kerala

Patel Real Estate Developers (PRDPL), the real estate arm of 'House of Patels', one of India's leading business conglomerates is promoting 'Natasha Riverdale', a US$ 25 million plotted development project spread across 60 acres near Kochi, Kerala. This upscale community project will have a waterfront area for all plots, 5 acres of manmade lake, 9/7 metres wide internal roads, marina, and facilities for various outdoor activities, water sports and fishing among other features.

Over the years, Kochi has emerged as the commercial and industrial capital of Kerala and is perhaps the second most significant city on the west coast of India (after Mumbai). Kochi is proud of its world class port and international airport that links it to many major cities worldwide.

"We are delighted to launch Natasha Riverdale our unique urban farm masterpiece amidst both individual and institutional investors in the Middle East. The project is just 26 Kms from Kochi City, has two side river front and the land is full of palm trees and foliage. This is an ideal land for tourism projects and we are also open to a joint venture with a reputed hospitality major to develop a world class resort as Kerala has experienced a growth rate of over 35 percent per annum in tourist inflow," said A.S.Patel, Chairman - 'House of Patels'.

A host of development projects are likely to transform Kochi into a key center of development in South India. An estimated investment of approximately US$10 billion is in the pipeline seeking to make Kerala an emerging hub of IT and sea-based industries. As per published reports, Tecom Investments has signed a $350 million SmartCity project in Kochi with the Kerala government. Furthermore, in 2005 DP World signed an agreement with the Cochin Port Trust (CoPT) to construct, develop and operate an international container transshipment terminal at Vallarpadam, Kochi, India.

"Kochi is arguably the ideal starting point for exploring the unfathomable diversity and beauty of Kerala, rated in the top three tourist destinations by the World Travel & Tourism Council and featured in National Geographic Traveler's '50 greatest places of a lifetime'. Our project is located near Kochi and would be the next - talk of the town destination in Kerala. This nature friendly project will also provide buyers to earn income from home stay tourism opportunity," said Rajesh Pillai, Vice Chairman, House of Patel.

"Connected with wide tarred roads, life at Natasha Riverdale is just mesmerizing. Just 15 minutes by boat to Vembanadu lake, our waterfront plots spread across 60 acres at Poothotta Kochi, is divided into plots of around 50 cents each with waterfront area. One can make a farmhouse, use the club house and can also park the boat right in front of your house. With many flagship projects coming up in the neighbourhood, Natasha Riverdale would also serve as a highly lucrative investment option," added Pillai.

Currently the company is also marketing several major Dubai properties such as Burj Dubai Lake Hotel, The Boulevard, The Residences and The Old Town among other landmark projects spread across the Palms, Business Bay and other major locations. The property arm of 50 years old group - House of Patels, is a multi million-dollar conglomerate with interest in diversified fields including transportation, logistics, finance, constructions, courier and real estate developments.

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Geographic Code:9INDI
Date:Apr 30, 2008
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