Handover of villas commences at Ireo Waterfront Township, Ludhiana
Feb 20, 2014
Source : The Times of India

 

LUDHIANA: Ireo, India’s first and the largest FDI investor dedicated to Indian real estate sector, today announced the commencement of handover of first plots and villas in Phase 1 and Phase 2 at Ireo Waterfront, the 500-acre master-planned township situated on the Sidhwan Canal Road in Ludhiana. The beginning of handover marks a major milestone in the development of this world-class township that will comprise of high-end villas, apartments, business parks, schools, healthcare facilities and a 5-star clubhouse backed by state-of-the-art infrastructure.

Basic township infrastructure including electricity, roads and security as well as recreational facilities are already in place for the residents who will start moving in to their brand new homes. The entire township receives direct PSPCL grid electrical supply and there is provision for 24-hour power back-up facility in villa neighborhoods that are being handed over. For easy vehicular and pedestrian connectivity, over 12 km length of internal roads and inter-connecting pedestrian walkwayshave already been laid out. A 3-tier township security network backed by day and night mobile patrolling, regulated township entry/exit and a “Suvidha” helpline for all residents, ensure a safe and secure residential environment.

Residents can also indulge in various sports and fitness activities that have been operational since November 2013. Recreational facilities that are fully functional include two lawn tennis courts, two badminton courts, a 5 acre cricket ground and a yoga room. Professional coaching is available and these facilities are open to all the property owners of Ireo Waterfront.

Speaking on the occasion, Madhukar Tulsi, President at Ireo, commented: “We are extremely delighted to announce that a significant milestone has been crossed with the commencement of handover of the first villas and plots in Phase 1 & 2 at this world class 500-acre township. We are thrilled that Ireo’s proud owners will soon possess their new homes that are backed not just by top grade township infrastructure but also a lively and comfortable residential environment.”

About IREO

Ireo is the first and the largest Private Equity Fund dedicated to the Indian real estate sector with nearly US$2 bn of funds committed to India. The Group has a pan India footprint with a land bank of more than 4500 acres and 23 projects in prime locations across NCR, Haryana, Punjab, Tamil Nadu and Maharashtra under various stages of development and implementation. Recent successful project launches from Ireo have been “Ireo Skyon”, “Ireo Uptown”, “The Grand Arch”, “Ireo Victory Valley” and “Ireo Gurgaon Hills” in Gurgaon and Ireo Rise in Mohali. It is also developing integrated township projects with residential, commercial and retail developments accompanied with amenities such as schools and hospitals in Ludhiana, Gurgaon and Panchkula named Ireo Waterfront, Ireo City and Ireo Fiveriver respectively.

Ireo has been present in India since 2004 and has evolved as a fully integrated real estate organization. Ireo’s team consists of internationally experienced and accomplished Indian and expatriate professionals from diverse backgrounds to lead initiatives and to deliver best in class products and services to their customers.

 

Latest Realty News

Punjab allots land to 27 IT companies
Feb 19, 2014
CHANDIGARH: The Punjab government on Monday handed over letters of land allotment to 27 companies in the information technology (IT) sector, including sector giant Infosys, to enable them to set up their units in Punjab’s Mohali town.
Municipal corporation against house tax hike
Feb 17, 2014
CHANDIGARH: The municipal corporation (MC) has asked the UT administration to allow it to seek property tax from residents on the existing rates in the financial year beginning from April even though UT was pressing it to enhance the charges.
Panchkula-Yamunanagar four-laning project nears dead end
Feb 08, 2014
CHANDIGARH: Concessionaire of the proposed four-laning of Panchkula-Yamunanagar section of national highway 73 allotted the much-awaited widening work of one of the most accident prone roads of Haryana, has offered to quit the project on account of inordinate delay in necessary clearances by the state government.
Punjab allots 50 acres land to Infosys in Mohali
Feb 07, 2014
CHANDIGARH: The Punjab government has allotted 50 acres of land to IT major Infosys for setting up IT/ITES special economic zone at Mohali.
MC’s income dips by 40% in three years
Feb 06, 2014
CHANDIGARH: Despite imposing house tax last year, the Chandigarh municipal corporation (MC) apparently draws a blank when it comes to income generation. The matter came to light in the budget proposal of 2014-15 to be placed before the finance and contract committee meeting on February 4.
CHB auction flops as only 2 out of 145 properties sold
Feb 06, 2014
CHANDIGARH: The auction of commercial properties held by the Chandigarh Housing Board flopped with just two booths finding any takers on Wednesday. A total of 145 booths, bay shops and a restaurant site were to go under the hammer.
Realty runs into NPA hurdle
Jan 13, 2014
PUNJAB: Gurdeep Singh’s (name changed) residential property will be auctioned by his lender on January 24. As Singh has defaulted Rs 24.78 lakh home loan with a major private bank, the bank has seized the property in Ludhiana district of Punjab under the SARFAESI Act and put it up for auction.
Real estate firms funded SAD: RTI data
Dec 25, 2013
CHANDIGARH: It's official. The great Indian real estate boom is the secret of Badal-led Shiromani Akali Dal's cash-surplus bank account.
Consumer forum fines real estate agency
Dec 23, 2013
CHANDIGARH: The UT District Consumer Redressal Forum fined Shalimar Estates Rs 70,000 for failing to provide possession of a plot even after the complainant had deposited the earnest money.
Tata Realty launches mall in Amritsar
Oct 05, 2013
AMRITSARL: Tata Realty & Infrastructure today announced the launch of its mall--Trilium here, involving capital outlay of Rs 510 crore.

Latest Realty News Of State

Realty Talk's