Dubai-based Strata Global will manage leasing of Lavasa City
Strata Global Group, a sister company of Better Homes, has signed a community management contract with Lavasa Corporation, developer of India's first and largest hill city project.
The agreement involves leasing (short and long term) of villas and the apartment buildings. To facilitate the separation of responsibilities, Strata Global will acquire a Better Homes franchise agreement for Lavasa City for the purpose of leasing and property management.
Lavasa is set amidst seven hills with a 60 km lake front, led by Hindustan Construction Company (HCC Group) and is being developed as the ultimate residential, wellness and lifestyle destination in India. It will consist of four towns, the first of which is Dasve, scheduled to be completed by the end of 2010. Dasve will offer a choice of elegant housing, from Portofino - inspired lakeside apartments to a multiple array of villas in Goan- Mediterranean design. The entire development will accommodate 200,000 permanent residents and thousands more holiday second home residents.
Kent O'Brien, CEO of Strata Global, said: "The Lavasa City arrangement is the first of its kind for a specialist Dubai-based community management company. This arrangement will assist in concluding contracts with several large-scale high profile projects in India in particular Mumbai for which negotiations have commenced."
© Emirates 24|7 2010
