Sahara City Homes to develop integrated townships

Sahara Infrastructure and Housing is coming up with a new project, Sahara City Homes and aims to develop townships in 217 Indian cities; 50 being in UP.

Sahara City Homes is spread across 200 acres and will have 5, 255 residential units. The estimated worth of the Lucknow township is Rs 2,000 crore.

The township established by Ansal Properties and Infrastructure (API) will cover 1,765 acres, of which about 1,200 acres has already been acquired by the firm directly from the farmers. Parsvnath Developers has lined up 22 residential projects in Uttar Pradesh, of which six projects have been completed.

The various residential units in townships are priced in the range of Rs 20 lakh to over a few crores of rupees. The Golf Villa in a township by API is priced at about Rs 3 crore.

Investing in integrated townships is also seen by many as an investment activity which can yield good returns in near future.

These townships are also catching the attention of non-resident Indians (NRI) and are having their sale centres at various locations abroad, like USA, Dubai and UK.