Sahara introduces 10 lifestyle township projects; another 58 projects to be introduced within FY 2012-13

Will have 76 LIVE projects by March 2013,Spread over a total of 900 acres, the 10 new projects will offer about 25 thousand residential units amidst world class amenities & facilities. Saharasri also announces that Sahara Infrastructure and Housing will enter the Affordable Housing Segment in January 2013

Lucknow, June 10, 2012: Sahara Infrastructure and Housing, the real estate division of Sahara India Pariwar, today announced 10 lifestyle township projects, of which 9 will be self sufficient integrated townships under the brand name of ´Sahara City Homes‘ and 1 under the brand name of ´Sahara Grace‘. The ceremony was marked by the flag-off of 10 cities done by ´Saharasri‘ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar in a grand ´Shubh Aagaman‘ ceremony at Lucknow followed by simultaneous ´Bhoomipujans‘ and ´Shubh Aagaman‘ ceremony at all 10 projects sites. The flag-off by ´Saharasri‘ was directly telecasted at all the 10 project sites across India followed by relay of ´Shubh Aagaman‘ ceremony of each project site. On this occasion ´Saharasri‘ Subrata Roy Sahara, also announced to introduce another 58 projects within FY 2012 13 spread across India. 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. This new brand will make housing affordable to people by offering residential units in the price range of Rs. 5-15 lacs, across 350+ cities of India.

Speaking on this occasion, ´Saharasri‘ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar said, “India has always been an attraction to the world for its magnificent architecture and vibrant lifestyle. While the magnificence of the ancient marvels of architecture stand tall for the world to see, the standard of living space across the nation has failed to match the change of time and the world standards, primarily due to lack of adequate up-gradation of support infrastructure; load of population and fractured & sporadic planning. It is my earnest desire to provide a lifestyle to the citizens of our beloved nation which matches the world‘s best standards. We have vowed to develop comprehensive real estate projects offering quality lifestyle to people across the board covering not just Tier I cities but also Tier II, III and even small towns, in congruence to the scales of income of people.”

He further said, “In our endeavour, we have witnessed many ups and downs in the industry and faced many challenges, many due to the magnitude of our vision; but I am happy that we have proved at all steps that our mission is undeterred. These 10 townships along with the ongoing 8 township projects and forthcoming 58 projects to be added in January 2013, enforce our commitment and I am sure that these projects will be the jewels of quality lifestyle”.

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 2.5 years with project completion in 5 years.

Out of the 10 projects, the 9 ´Sahara City Homes‘ integrated townships are coming up in the cities of Pune, Aurangabad, Jodhpur, Gwalior, Bareilly, Solapur, Porbandar, Katni, Kashipur while 1 ´Sahara Grace‘ brand of premium residential apartment cluster is coming up in Cuttak – Bhubaneshwar. These 10 cities will span across 7 States of India. Sahara City Homes, aimed to be the world‘s largest chain of integrated townships, offers a relaxed, secure and healthy environment to its residents along with a wide range of amenities and facilities, matching up to the international standards. ´Sahara City Homes‘ integrated townships are currently being developed in 7 cities (Lucknow, Jaipur, Indore, Nagpur, Ahmedabad, Satna and Coimbatore). The possession of approximately 1000 residential units in ´Sahara City Homes‘ township of Lucknow, Jaipur, Indore and Nagpur has already been given. 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. ´Sahara Grace‘ project is ongoing in Kochi and has now been introduced to twin city of Cuttak – Bhubaneswar. A fine balance between aesthetics and functionality, ´Sahara Grace‘ Bhubaneswar will offer facilities like gated community with 24X7 security guards, surveillance camera on each block, intercom facility for each unit, Electric substation, 24X7 Power back-up for common areas, rain water harvesting, fire control system, wide metalled roads and landscaped area.

Note for the Editor:
About Sahara City Homes – Aimed to be the world‘s largest chain of integrated townships, Sahara City Homes offers a relaxed, secure and healthy environment to its residents. An ideal blend of value addition amenities and facilities in a breathtaking environment, matching up to the international standards, Sahara City Homes is being made accessible even in smaller cities and towns which are currently being ignored by other large Real Estate Developers. The townships, offers a product mixes consisting of a combination of 1 to 5 bedrooms in the category of High Rise Apartments, Mid Rise Apartments, Independent Row Houses and Independent Bungalows.

Each ´Sahara City Homes‘ township (depending upon the size of the township and subject to regulatory approvals) offers its residents range of facilities like Floodlit Central Park, Shopping Malls & Multiplexes as well as Convenient Shopping, Hotels & Club, Clubs & Community Centers, Transport Services, School, Power Supply Back Up, Piped Cooking Gas, Petrol Pump and amenities like S.T.P & Garbage Disposal, Water Harvesting, Purified Drinking Water. As an extra safety measure, each township has Hospital, Ambulance service, Multi-Level Security System manned by security guards 24X7.

About Sahara Grace ´Sahara Grace‘ brand of premium residential apartment clusters(depending upon the size of the project), will offer its residents various amenities like clubhouse, Swimming Pool, Health Club/ Gymnasium, Badminton Court, Billiards / Snooker and TT facility, Snack Counter and Kid‘s play area. Along with these facilities, there will be a Hotel & shopping complex, Helipad, Multi-storied Car Parking, Multi-level Security System, Piped Gas Facility, In-house Fire Control System, Rain Water Harvesting System, as well as separate kid‘s Play Area for all its residents.

As a safety measure for protection of life & property from Earthquake, construction of all projects (both Sahara City Homes and Sahara Grace), is designed at 1 level higher than the applicable seismic zone, as per the specifications of Bureau of Indian Standards.

ABOUT SAHARA INDIA PARIWAR:
Sahara India Pariwar is a major business conglomerate in India with operations in multiple sectors, including financial services, life insurance, mutual funds, housing finance, infrastructure & housing, print and television news media, entertainment channels, cinema production, consumer merchandise retail, healthcare, hospitality, manufacturing, sports, and information technology.

 For further Information please contact: Ghulam Zeeshan Assistant Chief Manager, Corporate Communications, Sahara India Pariwar, Handphone - 9335235621, Email   [email protected], [email protected]