Apartments sell like hot cakes

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Prestige Apartment, built by Prestige Developers Company, in Chandol, Kathmandu, has received an overwhelming response from customers. Of the total 46 apartments, 32 have already been sold out.

The apartments were constructed keeping in mind the risk of earthquake and other natural disasters in the Valley. Designed by Shah Associates, the Apartment is a residential complex built with neo-classical architecture approach. It has incorporated all the facilities required for an ultra-modern living. Special provisions have been made for fire safety, security, and mitigation of disasters such as earthquake and flood.

“We have tried to give the customers a feeling of their own home,” said Rameshwor Thapa, chairman of Prestige Developers, on Saturday at an interaction. Thapa said the company has left no stone unturned to make the apartments best in terms of quality through the use of modern technologies.

The apartments are priced at Rs 8,000 per square metre. “Starting price of the apartments is set at Rs 15 million,” said Sikhar Singh Shah, executive director of the company. Shah added that the company has been receiving a huge number of inquiries from potential buyers for the remaining 14 apartments.

The company is planning ready the apartments within next two months. It has given Simrik, Laligurans, Munal and Danfe names to the four blocks of the apartment.

Round the clock security, swimming pool, fitness centre, community hall, garden, playing area for children and 24-hour water and electricity supply are some of the features of the apartment. The company said hospital, shopping complex, educational institutions are also located close to the apartment. Ranjan Singh Shah, managing director of the Shah Associates, said they have adopted all the modern technologies available in the country to make the apartments earthquake resistant.

source: The Kathmandu Post:Money(2011),"Apartments sell like hot cakes",The Kathmandu Post, 23 Jan 2011,page 2

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