Disha Direct announces the launch of First City, the first integrated township in MIHAN Nagpur

Online, February 23, 2010 (Newswire.com) - Mumbai: India's leading real estate marketing company Disha Direct has announced the launch of First City, the first residential project in MIHAN (Multi Modal Integrated Hub Airport at Nagpur), developed in a specially allocated residential zone.

A first of its kind Lifestyle Product, First City is a sprawling world class integrated residential township that endeavours blending nature with a high-quality lifestyle. Spread across 31 acres, First City comprises 11 impressive 13 storied residential towers.

The name First City has many firsts to its credit: the first residential project in Nagpur; the first project in Nagpur to have high rise towers; the first project to use MIVAN Forming Systems Construction Technology in Nagpur to ensure high speed, homogenous construction; and, the first project in Nagpur to have a podium across the entire project to ensure 1:1 parking of one four-wheeler and one two-wheeler for every flat.

First City presents a wide array of 1542 luxurious apartments (1 to 5 BHK including Duplex apartments). Every home is designed intelligently, imbibing the most important elements of aesthetic architecture. With optimum utilisation of space and crafted with elegance, the apartments have been planned imaginatively to suit the tastes of a style-admiring populace.

First City is backed by MIHAN's world class infrastructure of roads, water supply and electric supply. MIHAN has a 200MV captive power plant to ensure uninterrupted power supply to the entire SEZ, Logistics Zone and the Residential Zone within MIHAN. A state-of-the-art water treatment and distribution plant in MIHAN inspired by the Singapore model will ensure uninterrupted water supply after purification and softening. The infrastructure is at a very advanced stage of implementation and will be commissioned in the next few months. Equipped with sophisticated telecommunication, good quality roads and a cable infrastructure, First City epitomises the modern cityscape of a rapidly-transforming Nagpur.

The other amenities of First City include a 40000 sq.ft. ready club house, two magnificent swimming pools, a well equipped gym, spa and special zone for indoor games, multi cuisine restaurant, multi purpose hall and a spacious play area for children.

Developed by Reatox Builders & Developers Pvt. Ltd and marketed by Disha Direct, homes at First City are being offered at an unmatched price starting from Rs. 23.13 Lacs and above.

The period of possession is scheduled within a short span of 30 months. The project development is progressing with complete precision which will enable fast completion of the township. Investors in this project are expected to move into their new homes on time.

Providing an interesting insight on deciding to develop First City in MIHAN;
Atul Shirodkar, Chairman & Managing Director of Reatox Builders & Developers Pvt. Ltd, says, "By developing First City we are not just emphasising on the residential aspect of MIHAN but we also wish to focus on its magnificence of being located in over a 4000 hectare plus area. The sole intention behind designing this project was to make people aware that Nagpur as a city holds immense potential for growth. If there had to be a good beginning, I believe First City is just the first brick of that beginning."

A. Shyamsunder, CEO of Disha Direct seconds Atul's thoughts by adding, "We have immense faith in Nagpur. After Mumbai, the official Orange city of India promises to emerge as a technological and logistics hub which will transform the commercial viability of Nagpur and result in a huge number of jobs being created, thus fueling the demand for housing. This is the first ever residential township to take shape within the sprawling limits of MIHAN. We therefore foresee an automatic escalation in the value this project holds in the very near future."

Nagpur, a city located in the heart of India and also referred to as the Zero Mile city, stands poised to be redefined with a future of International class. Having catapulted to Tier II status from a Tier III city, Nagpur is in the centre of major developments envisaged to transform this second capital of Maharashtra into a lifestyle destination.

Adding uniqueness to Nagpur is the most ambitious governmental project of MIHAN spread over an area of 4354 hectares. MIHAN is divided into two major parts: an International Airport to serve as a cargo hub and a Special Economic Zone (SEZ) with a residential zone on the southern end of Nagpur adjoining the present airport. MIHAN is being developed by MADC (Maharashtra Airport Development Company Ltd.) whose Chairman is the Chief Minister of Maharashtra.

First City presents property investors a great opportunity to be the 'first citizens' of a New Nagpur in a New Era.