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.”
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.