Amrit Corp. Limited has developed a modern and premium township called “Gagan Enclave” in the Ghaziabad City. The total area of this residential township is 77,649 sq.yds which is duly approved by the Govt. of U.P. and the Ghaziabad Development Authority. The uniqueness of this township is its high quality internal infrastructure i.e. sewerage, water-supply & rain-water harvesting systems, wide roads, green parks, high rise boundary wall and security system. The internal infrastructure is complete.
Gagan Enclave has residential plots of various sizes and independent floors to suit all budgets and also has an in-built daily needs shopping area. Gagan Enclave has its own water storage tank and network of water supply facility for assuring round-the-clock water supply.Amrit Corp. has already sold the entire residential area in the township and many buyers have constructed their houses. The Commercial area in the front of the township is under construction which will be complited shortly.
Amrit Corp. Limited has tied-up with a developer, namely, M/s Olympus Overseas Limited, which has purchased some developed plots in the Gagan Enclave and is constructing premium independent floors thereon. It has already constructed 75 floors/apartments. These floors/apartments are being constructed on plot-sizes ranging from 150 – 220 sq.yds. each having 3-bedrooms, drawing & dining room, kitchen, 2/3 toilets, store and parking space. The uniqueness of these premium floors is that they are housed in low-rise buildings which have only the ground floor plus two more floors and each apartment is spread over one full floor. Secondly, 95% of the Super Area is the Usable Area and unlike most other housing complexes, the buyer gets maximum benefit for the area being paid for. Thirdly, the floors/apartments have high quality interiors and exteriors i.e. marble floors, fully furnished & painted walls with POP in all the rooms, top quality sanitary, chinaware and fittings, some of the Appartments fully furnished with wooden wardrobe, moduler kitchen etc. The exterior have a one time permanent finish. Apart from the above, the floors/apartments are free from cost escalation.
Amrit Corp. Limited is in the process of identifying suitable site in the nearby areas of NCR region for developing residential and commercial townships on the model of Gagan Enclave. |
In the case of real estate, no new project is being planned. There is some inventory of a few commercial built-up shops in the Gagan Enclave, which are in the process of being sold. As such, there is no Real Estate business segment in the Company now. |
