Assotech Blith is located in Sector 99, Gurgaon. Sector 99 has directly linkage with the Basai Road and is quite near to the Basai-Dhankote Railway Station. The Locality is also close to a Water Treatment Plant.Near to the site of Blith there is proposed 15 meter wide highway and Metro line. Apart from comfortable residences, buying an apartment in Assotech Blith can also give profitable returns.
NEW DELHI: Sun-Apollo India Real Estate Fund has invested Rs 75 crore in Noida-based builder Assotech's first project in Gurgaon.
The fund will get a 49% shareholding in the 12-acre project Assotech Blith in sector 99, Gurgaon. "We are developing a mid-income residential project here on the northern peripheral road in Gurgoan," said Sanjeev Srivastva, managing director of Assotech group.
The deal was structured and facilitated by GenReal Property Advisers.
"Many Noida-based developers are now entering the Gurgaon market, especially the NPR, which not only offers growth potential but also an attractive entry point," says Prashant Kaura, director, GenReal Property Advisers
ATS had recently bought a 14-acre plot of licenced land in Gurgaon's sector 109 for Rs 150 crore and 3C has signed a JDA with the Orris Infrastructure for a 47-acre plot in Gurgaon's sector 89.
While home sales in many parts of the country have been slow, developers in Gurgoan have seen brisk business. Compared to Noida, home sales here have been on an upswing. Between July and September 2011, home sales in Gurgaon were up 34% compared to the same quarter last year while sales in Noida were down 36%, according to property research firm PropEquity.
Private equity funds too have been active in Gurgaon. HDFC Portfolio Management Services had part-financed ATS Infrastructure's purchase of land in Gurgaon last year. Now, Sun Apollo has invested Rs 75 crore in Assotech's project. SUN-Apollo, a $ 630 million India dedicated real estate private equity fund, had recently picked up 49% stake in a Godrej Properties project in Gurgaon for Rs 45 crore.
Gurgaon has now been developed as an IT extension for the National Capital Delhi. Gurgaon is also known as the Nightlife City of India. Few years back, Gurgaon was not even in the list of desired cities to buy a residential space because of its sleepy culture. But now it has made a comeback with a newer version of lifestyle and culture. Gurgaon, now has a very attractive corporate life, nightlife and cultural life.
Assotech Blith is offering 2 BHK, 3 BHK, 3BHK + SR and 4BHK + SR apartments with a wide range of facilities, structural features and amenities such as Designer concept wall - in Living & Bedrooms, Split Air Conditioning system of 5 Star BEE rating, Modular wardrobes and Cupboards, Modular kitchen, 3 Lifts per Floor, Club facility, Entrance lobby with 24 hours CCTV security system.
Sunil Kalra +91 9810309288
For more information, visit:http://www.kalrarealtors.in/property/Gurgaon/assotechgurgaonsector99/207.html
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