Lucknow: Sahara Infrastructure and Housing today announced 10 lifestyle township projects, including nine self-sufficient integrated townships under the brand name of 'Sahara City Homes' and 'Sahara Grace' here.
On his birthday, Sahara India Pariwar founder and Chairman Subrata Roy Sahara announced start of the project at 'Shubh Aagaman' ceremony here.
He said that it would be followed by simultaneous 'Bhoomipujans' and 'Shubh Aagaman' ceremony at all 10 projects sites.
On the occasion, Roy also announced to introduce another 58 projects spread across India this fiscal.
"Out of 58 projects, 21 will be township projects and 37 projects will belong to affordable housing segment. With this, Sahara will enter the affordable housing segment under a new brand name and will address the supply gap in the mass housing segment," Roy said.
This new brand will make housing affordable to people by offering residential units in the price range of Rs 5-15 lakh, across 350 plus cities of India.
"We have vowed to develop comprehensive real estate projects offering quality lifestyle to people across the board covering not just tier one cities but also tier two, three and even small towns, in congruence to the scales of income of people," Roy said.
"These 10 townships along with the ongoing 8 township projects and forthcoming 58 projects to be added in January 2013", he said.
Spread on a total area of 900 acres, the 10 projects will offer 25 thousand residential units along with a world class range of amenities and facilities.
The Project Management of these 10 projects will be done by Sahara Turner Constructions Limited. The possessions of residential units is planned to start in next 2.5 years with project completion in 5 years.
Out of the 10 projects in seven states, nine Sahara City Homes integrated townships are coming up in the cities of Pune, Aurangabad, Jodhpur, Gwalior, Bareilly, Solapur, Porbandar, Katni, Kashipur while 'Sahara Grace' brand of premium residential apartment cluster is coming up in Cuttak - Bhubaneshwar.
'Sahara City Homes' integrated townships are currently being developed in 7 cities (Lucknow, Jaipur, Indore, Nagpur, Ahmedabad, Satna and Coimbatore).
The company will deliver over 2000 residential units in the current financial year.
Sahara Grace brand of residential apartment clusters has been a major success in Gurgaon and Lucknow where it has been completed and sold out.