A $2 million dollar apartment project along Huon Street in Toorak is expected to be completed by the end of October.
Apartment owner Subhash Parshotam says the new apartment will have nine flats with two rooms each with other luxurious features.
Parshotam says it will also be a secure place to live in.
Parshotam says the monthly rent will be from $2,200 to $2,500.