Green Homes for Middle Class

Posted by rajat On April - 8 - 2012

SARE Homes (South Asian Real Estate), has announced the launch of Green ParC-II, the fourth phase of its 65-acre integrated township called Crescent ParC in Sector 92, Gurgaon. After selling more than 3,500 apartments, “handing over first possession on time, and creating significant monetary appreciation for its customers, investors and other stakeholders.

“SARE Homes caters to the aspirations of the middle-income group by offering quality, community-housing at strategically identified locations across India. The company has invested in eight integrated projects in major cities like Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore, which represent nearly 36.5 million sq ft of developable area. SARE is on a highgrowth mode and aims to double its area under development in the next three years,” said David Walker, executive director of SARE Homes.

He also said that “We are extremely enthused by the overwhelming response to our project in Gurgaon, and are very happy to launch the fourth phase, Green ParC-II. SARE Homes plans to invest Rs 2,000 crore in developing real estate projects over the next five years in India. The scale of our business will enable us to deliver best-in-class services to our customers and commit the resources to ensure on-time delivery of our projects. SARE Homes, promoted by the Duet Group, is a unique real estate investment and development company, as far as the project funding is concerned. We are funded internally by foreign direct investment; hence, our projects are assured of uninterrupted progress.”

The township is placed in a sategically convenient location on the Gurgaon growth corridor, on the arterial 60metre-wide road, just 40 minutes from the IGI Airport and in close proximity to the Dwarka and KMP Expressways, and the industrial hub of IMT, Manesar. It lies within the NCR, home to major multinational IT-ITeS, automobile and manufacturing companies.

Vikram O Datta, director (marketing and sales) of SARE Homes, said, “In Gurgaon, SARE has invested nearly Rs 200 crore, and has sold more than 1,600 apartments till date. Homebuyers, as well as investors in this region, are very savvy and we are confident they will respond positively to our latest offering.”

The township consist of different housing, lowrise, midrise and highrise group housing in Ground + 4, stilt + 7 and stilt + 19 formats. Green ParC-II consists of 3 and 4 bedroom apartments, ranging from 1,261-2,226 sq ft in stilt + 7 and stilt +19 towers. The towers have a unique design, with beautiful balconies allowing for maximum privacy.

Each apartments faces the lush 7-acre central greens, which has a jogging track, children’s play area, a cycling track, an open-air amphitheatre, a skating rink, putting greens, a feature forest, beautifully landscaped water bodies, and a 35,000 sq ft clubhouse, one of the largest in Gurgaon. This project has been designed by Rajiv Khanna & Associates, an architectural firm. The price of these apartments starts from Rs 55 lakh.

While launching a project, we give importance to the lifestyle of our customers in that particular demography and their objective of maximizing the value for their investment. An exciting differentiating factor of Green ParC-II will be the sky deck, which is new in the Gurgaon market,” said Vineet Relia, the chief operating officer of SARE Homes

News Source : Times of India

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