Malabar in ₹30B residential project
dubai — Malabar Developers, the real estate division of jewellery retailer Malabar Group, has unveiled a luxury residential project designed primarily for NRIs in a scenic suburb of Kozhikode in Kerala.
Montana Estates, an eco-friendly residential cum official complex spread across in 150 acres of land, is located on a hillside in Kuttikkattoor. The complex is being developed at a cost of ₹30 billion.
M.P. Ahammed, chairman of Malabar Group, said the project comprises custom-designed signature bungalows, luxurious villaments and apartments.
Conceptualised as an exclusive residential community, Montana Estates features facilities like a spa, resort, organic farming, fitness centre, club house, as well as all other modern facilities. “When this project gets completed, it will become one of the first nature friendly township in South India,” Ahammed said at a Press conference.
Also present was Shamlal Ahmad M.P., managing director of international operations at Malabar Gold and Diamonds in Dubai; Abdul Salam K.P., group executive director of Malabar Group; Asher O., managing director of India operations at Malabar Gold and Diamonds; Mayankutty C., group executive director at Malabar Group; and Tony Joseph, principal architect at Stapati.
Cloudberry, the villament project envisaged at the heart of Montana Estates, offers a combination of a villa-plus-apartment living. Facilities range from schools, malls, farming, helipad, swimming pools, open playground for kids and adults, gym and jogging and cycling track to banking services, a food court and solar streetlights and water purification plants.
“We are planting 100,000 saplings to maintain this natural beauty and the greenery by the design of this project. Through this we are trying to create an example of safeguarding nature,” Ahammed added. Malabar Developers is working on multiple projects in Kerala and other neighbouring states. Calicut, Trivandrum, Kochi, Perinthalmanna, Thrissur, Kannur, Kottayam are the districts where various projects of Malabar Developers are underway.
The group will be opening the Mall of Travancore in Trivandrum within the next couple of months. The Marina Convention Centre in Farook, Kozhikode near the Chaliyar river will be a major destination with an amusement centre.
— issacjohn@khaleejtimes.com