SARE Homes launches Olympia in Sector 92, Gurgaon

SARE Homes - one of India's premier FDI-funded developers with seven integrated township projects across the country - has announced the launch of 'Olympia', a 17-acre Sports-oriented project in Sector 92, Gurgaon. Set amidst spacious landscaped greens, Olympia offers approximately 330 units of 3BHK and 3BHK + Servants Quarter apartments for Rs77 lakh onwards only with a minimum size of 1,295 sq ft. With the subvention scheme, buyers need pay only the 10% booking amount and nothing more till possession.

Olympia has been designed keeping in mind the fact that the presence and availability of playing spaces and active sports for children works wonders for their health and also sharpens their minds and personalities. At Olympia, the array of facilities for sports and fitness enthusiasts includes football, basketball, badminton, volleyball and lawn tennis courts, half Olympic size-swimming pool, jogging and cycling tracks and two professionally prepared cricket pitches. Additionally, roller skating, table tennis, billiards/pool tables, tough kids' zone, sand pit, toddlers' park, sauna/steam facilitiesand rock climbing are also available, along with Yoga and meditation zones as well as a Sports Lounge in every tower.

Significantly, 'Olympia' conforms to Seismic Zone 5 specifications - one level above Zone 4 specified for Gurgaon - and to IGBC Green Building norms, with solar water heating and solid waste management. The large landscaped greens with restricted surface movement of vehicles make it safe for children, seniors and other residents. With in-built privacy for families, ample play spaces for children, proximity to work, access to good healthcare and education institutions, 'Olympia' is the perfect package for the entire family.

Elaborating on the project, Mr Vineet Relia, Managing Director, SARE Homes said, "SARE Homes has introduced a sports-oriented project with varied sports facilities and means of fitness within the complex. This project caters to mid-income customers with children in the 6 to 14 years' age group - a target audience others don't take cognisance of. Moreover, customers need to pay a 10% booking amount only. Besides this, there is no down payment. In essence, end-users can book a 3BHK with only Rs7 lakh as the booking amount. Additionally, the project offers a genuine subvention scheme with no EMIs till possession. Therefore, customers need not worry about being hit by a double whammy of rent payment as well as EMIs."

Commenting on Olympia's salient features, Mr David Walker, Managing Director, SARE Homes, said, "Operating in the Indian market for more than seven years, we have witnessed unprecedented growth and recognition of our delivery capability from Indian consumers. We have conducted in-depth research and understanding of the homebuyers stated and unstated needs and preferences. The key findings are that while parents have historically focused on their children's academic development, nowadays they recognise the importance of sports to develop a child's leadership qualities, boost their immunity and academic performance. SARE Olympia offers an international sports-orientated project with excellent design, efficient and cost-effective execution, with the developer undertaking all the risks until the offer of possession."

Located in the New Gurgaon residential hub with wide arterial roads, Olympia has easy access to NH-8, Southern Periphery Road and Dwarka Expressway. While the new business hub of Cyber City II, Hines Business Park and Manesar Industrial Area are only five-to-seven minutes away, the current business hubs of Cyber City, IFFCO and Golf Course Road are within 30 minutes' drive. With the best of schools, colleges, hospitals, malls, markets and entertainment outlets also within striking distance, Olympia is bound to emerge as an ideal destination for end-users and investors.

Source : Equity Bulls

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