SARE Homes (South Asian Real Estate) is launching “Green ParC – II”, the fourth phase of its 65-acre integrated township called “Crescent ParC” in sector 92, Gurgaon. This township is strategically located on the Gurgaon growth corridor, on the arterial 60-meter wide road, approximately 40 minutes from the IGI Airport and in close proximity to the Dwarka & KMP expressways, and the industrial hub of IMT, Manesar. With excellent connectivity to Delhi via the Expressway and the Metro, this township lies within the NCR region, which is home to major multinational IT / ITES, automobile and manufacturing companies.
After successfully launching multiple projects in India and selling more than 3,500 homes, the company has announced to develop an additional 40 million sq. ft. over the next 5 years in India.
Addressing a press conference in New Delhi on Wednesday, Feb 15, David Walker, Executive Director SARE Homes said, “SARE Homes commenced operations in India at an opportune time to cater to growing demand from the middle-income group. We are committed to fulfilling the dreams of millions of Indians by bringing an international quality lifestyle within their reach. In the near future, we plan to launch projects in Navi Mumbai and are looking to acquire land parcels on the growth corridors of large cities in India.”
SARE Homes, promoted by the Duet Group, are funded internally by foreign direct investment (FDI). SARE has identified its target as the middle income group in India, and focused on developing integrated townships at strategic locations to cater to this segment in all its projects.
“There is a vast potential of housing demand in Delhi NCR region. In Gurgaon, SARE has invested approximately Rs. 200 crores, and has sold more than 1,600 homes till date. Home buyers as well as investors in this region are very savvy and we are confident that they will respond positively to our latest offering due to its unique concept, design and the fact that it is backed by FDI funded SARE Homes.” Said Vikram O. Datta, Director- Marketing and Sales.
Presently, the company has invested in 8 integrated projects in Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore which represent approximately 36.5 million sq. ft. of developable area. SARE aims to double its area under development in the next three years.
The township consists of low-rise, mid-rise and high-rise group housing in Ground +4, Stilt + 7 and Stilt + 19 formats. Green ParC – II consists of 3 and 4 bedroom homes, 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 apartment faces a lush 7-acre (approx.) central greens, which is packed with features including a jogging track, children’s play area, cycling track, an open-air amphitheatre, skating rink, barbeque, putting greens, feature forest, beautifully landscaped water bodies, and the highlight – a 35,000 sq. ft. clubhouse – one of the largest in Gurgaon. This concept has been designed by leading architectural firm Rajiv Khanna & Associates. The price of these homes starts from Rs. 55 lac onwards.
Elaborating on Green ParC-II, Vineet Relia, Chief Operating Officer, SARE Homes explained, “While launching a project we give paramount importance to the lifestyle of our customers in that particular demography and their objective of maximizing the value for their investment. This project is tailored to meet the needs of middle class income group with world-class amenities including education, health care, entertainment and professional facilities management.
The homes will be designed in such a way that they ensure privacy and spacious interiors so that when people come home after going through the stress of modern day life they find the perfect dream home & ambience to unwind and relax with their family. An exciting differentiating factor will be the sky deck, which is new in the Gurgaon market.”
