Villas at the 531-acre Boulder Hills Golf and Country Club built by Emaar MFG Land Ltd are being sold at prices ranging from Rs 8 crore to Rs 20 crore. This makes them the costliest villas in the city.
The Rs 5,610-crore project has 100 such villas, all of which have been booked by prospective buyers. Emaar MFG, a joint venture between Dubai-based Emaar group and Delhi-based MGF Ltd, claims that the USP of the complex is the 192-acre 18-hole golf course built according to international standards.
Also, the villas would be close to the IT companies and the new Shamshabad airport. Apart from villas, Boulder Hills will have 703 residential units, whose price per square feet ranges from Rs 5,500 to Rs 9,000.
The project will also have an IT Special Economic Zone and retail space spread over 3 million square feet each. Emaar MGF chief executive, Mr William Robert Rattazzi, feels that real estate projects which have value-addition will not be affected by the market corrections. Designed by a California-based firm, the Emaar villas are constructed in Spanish, Italian, and Moroccan architectural styles and are furnished with items procured from around the world.