Essel Group forays into Panchkula

Essel Group, a leading business conglomerate having presence across entertainment, packaging, infrastructure & integrated utilities, education, precious metals, media, and the technology sector,  announced the launch of its first real estate project in the tricity region in Panchkula earlier this week. Launched under the brand ASHA 2022, this initiative is aligned with Prime Minister Narendra Modi’s Vision of ‘Housing for All by 2022’. Spread over 10 acres, the project will have 800 two and three BHK apartments in Sector 14, Panchkula Extension. 

The apartments with sizes ranging from 1060 sq. ft. to 1345 sq. ft. will cost from Rs 16 to Rs 20 lakh onwards. Showing the group’s commitment to provide quality at prices that a common man can afford, the BSP for this project has been kept at Rs 1521 per sq ft. “This is even lower than the rates offered by projects under the affordable housing scheme of the state government”, said Suresh Bhandari, President ASHA 2022 while announcing the launch of the project in Chandigarh.

Giving information about the project Bhandari said, “Our first project will not only be lowest in price but will also be one with the best of quality and amenities. The complex will have clubhouse, parks, primary school, shops and lots of other amenities to provide a comfortable lifestyle to its residents”. Besides swimming pool and 24x7 security, it will also provide sports areas such as tennis and badminton court along with meditation and yoga gardens. Asha Panchkula also promotes green living with features such as rain-water harvesting, sewage treatment plant and large green areas.

The company is actively looking at Canadian and Japanese construction technologies to build a cost effective and innovative approach for affordable, durable and speedy construction. The application forms can be obtained from State Bank of India branches in Chandigarh, Haryana, Punjab, Himachal Pradesh and Delhi. The forms are available at these locations till March 5, 2016. The group aims to revolutionise the residential real estate industry by making 2 lakh homes available by 2022 and making quality housing accessible to a wider cross-section of people. The first phase will witness launches in key locations primarily Rohtak, Bahadurgarh and Hisar.— TNS

Royal furniture

Chandigarh-based furniture house Glass Palace launched a range of royal furniture earlier this week.  The new range, comprising of dining sets, sofa sets, beds etc are neo-classical. Speaking on the occasion Ajay Gupta, Director, Glass Palace said,"Glass Palace has pioneered solid wood furniture which is not just long lasting but also very trendy and offers extremely good value for money. These new pieces are about a certain mood and the casual and natural elegance of city." Sofas in a variety of materials, dining sets with marble, onyx and wood combination and back -curved beds with leather sides are some of the highlights of the new range which has pieces ranging from Rs 50,000 to Rs 3 lakh.                   — TNS