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Megaworld's GERI says to build luxury residential project in Trece Martires, Cavite

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ABS-CBN News

<p>MANILA –– Global Estate Resorts Inc (GERI) said on Monday it would build a Zen-Balinese luxury residential village in Trece Martires, Cavite. </p><p>The 41.8-hectare Prana Garden Villa is located inside its 340-hectare integrated lifestyle community Sherwood Hills and will have 178 lots worth P1.3 billion for the first phase, Megaworld&#x27;s subsidiary told the stock exchange. </p><p>Lot area ranges from 240 square meters to 513 sqm, GERI said.</p><p>The &quot;top-notch&quot; amenities include a Grand Clubhouse with multi-level pool, wading pool, differently-abled pool, cabanas, meditation area, yoga and exercise deck, dry river walk, sunken outdoor seating, courtyard and covered walkways, it said. </p><p>Other amenities include a fitness center, visitor&#x27;s lounge, collaboration space, daycare, function area, basketball court, pet park and children&#x27;s playground, among others.</p><p>GERI said 40 percent of the development would be allocated for green and open spaces. </p><p>&quot;The name &#x27;Prana&#x27; was derived from a Sanskrit word for &#x27;life force&#x27;. Through this development, we intend to create a sanctuary of wellness that allows future residents to nurture unique, holistic lifestyles while living harmoniously with nature,&quot; Megaworld GERI First Vice President for Sales and Marketing Rachelle Peñaflorida said.</p><p>Turnover of lots begins in 2026, the company said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/09/22/megaworld-net-income-up-12-pct-in-jan-sept">Megaworld net income up 12 pct in Jan-Sept as real estate recovers</a></li>	<li><a href="https://news.abs-cbn.com/business/05/17/22/megaworld-says-bir-closure-order-resolved">Megaworld says issue with BIR &#x27;resolved&#x27; after advisory on closure order</a></li>	<li><a href="https://news.abs-cbn.com/business/05/16/22/megaworld-net-income-up-41-percent-in-q1-as-mall-hotel-units-recover">Megaworld net income up 41 percent in Q1 as mall, hotel units recover</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1786499" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Global Estate Resorts Inc said on Monday it would build a Zen-Balinese luxury residential village in Trece Martires, Cavite. 