Impact Sare launches 'Ashberry Homes in holy city, Amritsar'

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Last Updated : Jan 21 2013 | 3:13 AM IST

A leap into the future for some and returning to the roots for others.

  • Ashberry Homes offer  a real time investment opportunity at affordable price
  • 276 units in Phase-1, price starting from Rs. 13.65 lacs
  • The Phase-1 to be ready for possessions in 24 months
  • 10 minutes drive from Golden temple via over  the elevated highway.

After successfully launching projects in other parts of the country, South Asian Real Estate (SARE), a foreign private equity fund and a fully integrated investment & development company, based at Cyprus, and owned by UK-based Duet Group and Amritsar-based Impact Projects join hands to launch ‘Crescent ParC’- a splendid township spread in an area of 104 acres on the   Amritsa, Bye-Pass. The project is only   ten minutes drive from the Golden temple via the elevated highway.

Crescent ParC, Amritsar is one of the biggest real estate projects of the city comprising  majestic low rise towers and independent spacious villas with world class amenities. This international class residential township at Amritsar will have a range of international standard facilities translating into global living standards, which have never been experienced at these price levels. This self contained  township will provide residents   with complete support functions for security, health care, education, transport, communication and entertainment.

Ashberry Homes is the first phase being launched within Crescent ParC, Amritsar. Spread over an area of 5.1 acres Ashberry Homes has 276 residential units which include 1, 2 and 3 bedrooms apartments in the Ground +4 and Stilt + 4 format.

On the occasion Mr. Vineet Relia, Chief Operating Officer, SARE India said, “We at Sare are proud to be a part of building world class residential complexes because we know now- a-days people prefer international lifestyle but have not forgotten their traditional values. The real estate boom is no longer limited to the larger metropolises of India, but has now permeated to the burgeoning smaller towns and cities. Amritsar is one of the most promising destination for real estate development in northern India. Besides, we have come up with a special ‘no Pre EMI scheme’ here wherein the buyers only make a 15% down payment to book their home and their EMI starts after 2 years i.e.   around  the time of possession.”

Mr. K.S. Bajwa, Director  of Impact Projects said, "This partnership brings to Amritsar, world class housing and other related infrastructure. We at Impact, have been a part of Punjab's growth for close to 20 years and   this engagement with SARE, further strengthens our commitment to the future of Punjab. We are confident that this project will bring the much needed supply to the housing, commercial and retail market in Amritsar.”

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With its idyllic location   on the by-pass road Ashberry Homes  at Crescent ParC, Amritsar will provide its residents a lush green environment, well-lit wide metalled roads, water bodies, integrated landscaping and modern amenities like round the clock Security System and  Uninterrupted Power Supply.    The township will have well-equipped Club & Community Centres with facilities of indoor & outdoor games, swimming pool, restaurants and banquets, reading room and family lounge etc.

Another highlight of this township is the free shuttle service being provided to the Golden Temple for its residents.

About SARE India   
SARE was founded by Anuj Gupta and Henry Gabay in 2006 as a fully integrated investment and development company focused on the high growth Indian mid-income housing market. It has built a strong management team, lead by CEO Arvind Pahwa and combines investment, development and sales capabilities giving it value capture across all aspects of the home building business. Its unique business model gives it a pan India scalability.

About Impact Group
Started in 1991, Impact Group is a well-diversified business group based in Punjab, with varied interests in the Automotive, Non Banking Finance and Senior Living Sector. The Group has significant business presence in Ludhiana, Jalandhar and Amritsar, Himachal Pradesh and Haryana. The Group's Corporate Office is in Gurgaon.

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First Published: Jun 02 2010 | 7:50 PM IST

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