Astrum Homes: Plans Value Housing in Amritsar, Panipat

Om Chaudhry, Chairman, Astrum Homes

Real estate company Astrum Homes had announced the launch of 2 value housing projects with international style architecture and modern amenities in the cities of Amritsar and Panipat. Both the projects are likely to complete by the end of two years.
 
Mr. Om Chaudhry, Chairman, Astrum Homes, said, “We offer our customers value for money. As
household income in tier II and tier III cities is rising and people are looking for similar quality of life as available in the metros, the Astrum Homes management team, with more than 600 man years of relevant experience in the Indian housing market, is confident enough that it would be able deliver projects that will exceed our customers expectations.”

Highlights of  Amritsar project..!
# The Amritsar project is spread over 32 acre and strategically located on the bypass road, within 15-20 minutes driving distance of the Golden Temple.

#  The project is designed by Miami based Roger Fry and Associates.

# Phase one would be developed on an 18 acre area and would comprise 492 flats (independent floors, G+2) with 2 B H K, 3 B H K and a servant’s room with toilet.
# The flats are priced between Rs. 30 lakh and Rs. 50 lakh.

# All modern amenities, including primary school, shopping and a health centre.

# It has a project outlay of about Rs. 300 crore and a total built up area of 12 lakh square feet.

# It  would also provide rainwater harvesting, solar heating and sewage treatment plant.

Highlights of  Panipat project..!
# The project in Panipat is located in Sector 19, off NH 1, spreading above 10 acres.

# The phase one consists of 2 acres comprising 4 towers (stilt parking and 9 floors) and a total of 144 flats.

# The flats will offer 2 B H K, 3 B H K options to residents. Prices are fixed at Rs. 2,500 per square feet.

# The project will offer apartments totalling approximately 8 lakh square feet with a project outlay of about Rs. 200 crore.

About Astrum Homes
Astrum Homes is an FDI funded India focused Real Estate Development Company, engaged in developing world-class residential solutions in emerging cities of the country. The Astrum Homeshas been promoted by the management team of FIRE (First Indian Real Estate)  Capital in partnership with leading North American real estate investment and development firms, primary among which is the Miami based Related Group.

FIRE Capital Fund is a pioneering Indian real estate centric PE (Private Equity) fund that has created 5 large format integrated township projects across India and is developing the same with an outlay of more than Rs. 7,000 Crores. About  5 crore square feet is being put under world class housing development across 1300 acres in different cities across India.

Astrum projects shall combine its in-depth understanding of Indian real estate market and the company’s management team, along with the cutting-edge execution expertise and best practices of leaders from the North American real estate market; to build an unmatchable living experience for their customers. Being a customer-centric company, Astrum Homes’ measure of success is to provide more value per square feet to its customers and it plans to achieve it using  600 man years of experience of its management team in value investing, combined with continuous internal improvement and building efficiencies through innovation and process controls.

The Astrum Homes management team has relevant work experience in India and abroad and from leading educational institutes like the IITs, IIMs and prominent US based business schools.

Astrum Homes is actively managed by a globally regarded set of individuals with relevant experience and skill sets. Board members include Mr. Jorge Perez, Chairman of the Related Group and known as the “Condo King” of the US; Mr. Jon Halpern, Leading Global Private Equity Investor in real estate and third generation real estate developer based in New York; Mr. Michael Targoff, CEO of Loral Space & Communications, a leading space and communications company and Mr. James Grogan, an attorney and businessman who led the development of an 8,000 acre sustainable, resort community in Mexico. The Chairman and CEO of the company is Mr. Om Chaudhry who is also the Founder and CEO of FIRE Capital. 

Head Office:
Astrum Value Homes Pvt. Ltd, 10th Floor, Vatika City Point,
M.G. Road, Gurgaon - 122002 (Haryana) Tel: +91.124.4509250, Email: contactus@astrumhomes.com

Panipat Project Office:La Regencia, Sector - 19
Panipat - 132103 (Haryana), Tel: +91.8295900118, +91.8295900119, +91.8295900120
Email: panipat@astrumhomes.com

Amritsar Project Office: Astrum Buena Vista,Khan Kot (Ram Singh Wala)
GT Road Bypass, Amritsar - 143006 (Punjab), Tel: 0183-6545426, 0183-6545425
Email: amritsar@astrumhomes.com

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