SARE Homes launches Green ParC – II in Gurgaon
SARE Homes has announced 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.
“There is a vast potential of housing demand in Delhi NCR region. In Gurgaon, SARE has invested approximately Rs200 crore , and has sold more than 1,600 homes till date,” said Vikram Datta, director- marketing and sales, SARE Homes.
The township consists of low-rise, mid-rise and high-rise group housing in Ground +4, Stilt + 7 and Stilt + 19 formats. The first phase of this township will be ready for possession by April 2012.
The company has announced its plans to develop an additional 40 million sq ft over the next five years in India.
Presently, the company has invested in eight integrated projects in Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore, which represent approximately 36.5 million sq ft of developable area. The company aims to double its area under development in the next three years.
SARE Homes, promoted by the Duet Group, is 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.
David Walker, executive director, SARE Homes said, “We 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.”