SARE Homes to invest Rs 1,200 cr to develop township
New Delhi: Real estate firm SARE Homes will invest about Rs 1,200 crore over seven years to develop an integrated township, comprising 3,600 houses, in Ghaziabad.
As part of the township, the company has launched a residential project 'Springview Heights' that will offer 660 apartments.
"Total investment in developing our Ghaziabad project is Rs 1,175 crore. The project will be completed by July 2019," SARE Home Executive Director David Walker told reporters.
The company plans to sell 660 homes of Springview Heights out of a total of 3,600 units being developed in the 88.35 acre integrated township, he added.
The flats in the newly launched project will start from Rs 29 lakh and will go up to Rs 45 lakh depending upon the sizes of each unit, he said.
The township on NH-24 in Ghaziabad will have six residential towers. Realty consultant Jones Lang LaSalle has been appointed to manage the project.
The project will house various facilities, including sports and recreation facilities, theme parks, clubs and swimming pool.