LIPL CEO Sanjay Kothari told Projectmonitor that the project would have three phases with phase-I costing around Rs.740 crore that would include land cost. Roughly 50 per cent is land cost and the balance is construction cost.
The cost of phase-I of the project is, however, expected to rise when the costs of allied infrastructure like temples, schools, colleges, hospitals and other facilities developed by partner organisations are taken into account.
Ensaara Metropark will be spread over 280 acres of which 150 acres will be developed in phase-I consisting of around 1,100 housing units that would be completed in about three years. This phase is divided into three sections, IA, IB & IC, of which IA is already totally sold out.
On completion, the metropark will offer a variety of residences ranging from 1-BHK to 4-BHK luxury apartments (Sky Villas, Treeline, Vista and Horizon Apartments), select row houses (Park Houses) and even a few exclusive bungalows (Park Mansions). In addition, Ensaara Metropark will have a prayer and worship zone, indoor sports complex and sports academy, school, shopping, club house, lakeside shopping and restaurants, bus station, fire station, petrol station, a police chowki, hospital, business park, shopping malls, multiplex and offices, and a hotel and a training institute.
The environment-friendly project has been certified with Gold Certificate by the Indian Green Building Council.
Ensaara Metropark is one of the largest FDI-backed real estate projects in Central India. It is a collaboration with international and Indian partners and affiliates, such as US master-planners HOK, Mumbai-based Kadri Consultants, Dubai-headquartered landscape architects Cracknell, infrastructure specialists Feedback Ventures, and Nagpur-based architects V.K. Associates.