Sternon rebrands mega India project
Dubai, September 20, 2011
Dubai-based Sternon Group has rebranded its mega-project at Navi Mumbai, India as ‘Magic Kingdom City’ to reflect its transformation into an integrated luxury complex spread across 1000 acres.
The mammoth project, located in Panvel on the arterial Mumbai-Pune Expressway, just 20 km from the upcoming Navi Mumbai International Airport, offers a mix of villas, row-houses, apartments, plots, commercial area and a shopping mall.
After the rebranding, ‘Magic Kingdom City’ will now have six components: Magic Life, Magic Heaven, Magic Hills, Magic Enclave, Magic Mall and Magic Plots, said a statement from Sternon.
'The integrated ‘Magic Kingdom City’ is shaping into a destination of choice for NRI investors,' said Hussaini F. Nalwalla, managing director of Sternon Group.
'Under the new plan, we have put together an ideal mix of high-end residential units, ranging from row-houses and apartments to large four-bedroom villas with individual swimming pools,' he explained.
'Investors and purchasers have a wide range of options to choose from, though most of the projects are sold out, and construction is in full swing,' said Nalwala.
'As Navi Mumbai continues to move up on global investors’ radar, we have expanded the scale and scope of Magic Kingdom City to give our customers a destination they can be proud of,' he added.
Of the various components of Magic Kingdom City, Magic Life is a super-luxury project offering 380 villas (of three and four bedrooms), with plot areas ranging from 3000 to 5000 sq. ft. Some of the villas come with individual swimming pools.
Magic Heaven is a complex of 9 seven-storey buildings offering luxury and spacious two three and four bedroom villas. Construction is due to start in March 2012, and will be completed in three years.
Magic Mall, which is part of Magic Heaven, consists of 120 shops, said the official.
Magic Hills comprises three and four bedroom row-houses and classic and modern villas with three or four bedrooms.
Magic Enclave consists of high-end, three and four bedroom villas, and row houses, while Magic Plots consists of plots, where infrastructure work is in different stages of completion.
Each of the projects will have a separate clubhouse with high-end amenities and recreation facilities like tennis courts and jogging tracks.
“As the ‘India Shining’ story continues and Navi Mumbai emerges as the hottest property destination in India, Magic Kingdom City is set to be a much sought-after township,' said Nalwala.-TradeArabia News Service
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