The group, primarily involved in residential construction, now plans to expand its business opportunities with the launch of its first service apartment complex near in Baner, near Rajiv Gandhi Infotech Park , Hinjewadi.
Mont Vert Homes managing director Jayant Kaneria explained group's future plans during the launch of its luxurious residential project Mont Vert Seville in Wakad on Monday.
"We are offering luxurious apartments at low rates because we have not incorporated facilities such as swimming pool, gymnasium and jogging track. We are instead setting up an elite social club within the project, where customers can enjoy all these facilities for free," Kaneria added.
Project director Manish Kaneria said, "Mont Vert offers a 2-BRHK luxurious flat at Rs 29 lakh while the market rates are nowhere below Rs 40 lakh. Our customers get a 25 year membership of "Club 29", which makes sure, they enjoy all the facilities, for which, they do not pay".
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Elaborating on future prospects, Jayant Kanerai added, "Our first service apartments' block would be operational by October this year in Baner. The next venture in this category would be ready next year".
The group is also constructing a five-star-hotel in Wakad at an investment of Rs 100 crore with more than 200 rooms. "We will operate this hotel ourselves, which marks our entry in the hospitality sector," he added.