Infrastructure sector projects by Silverglades in Gurgaon

5738

Silverglades

<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> <w:SplitPgBreakAndParaMark/> <w:DontVertAlignCellWithSp/> <w:DontBreakConstrainedForcedTables/> <w:DontVertAlignInTxbx/> <w:Word11KerningPairs/> <w:CachedColBalance/> </w:Compatibility> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="--"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument> </xml><![endif]--> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">Realty firm Silverglades today said it will invest Rs 350 crore to develop a housing project at Gurgaon and announced tie-up with non profit organisation Age Ventures for management of flats for senior citizens.</span></p> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">The company would develop 950 apartments in this 17.5 acre project, of which 156 flats would be for elderly people.</span></p> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">"We have tied up with Age Ventures for management of 156 flats for senior living. It will also help us in designing and marketing," Silverglades Director Anubhav Jain told reporters.</span></p> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">Jain said the company would invest about Rs 300-350 crore on development of the entire project, including senior living community.</span></p> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">The construction of project would start later this year and would be completed in four years.</span></p> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">AGE Ventures CEO Arun Gupta said: "This is our third tie up with developers. We have partnered Brigade Group in Bangalore and another builder in Jaipur".</span></p> <p class="MsoNormal" style="margin-bottom:12.0pt;line-height:normal;background: white"><span style="font-size:13.0pt;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;">Age Ventures provides expertise in retirement homes and persuaded developers to include senior living in their residential developments. Its knowledge partners are Helpage and UK's leading expert in retirement homes MHA.</span></p> <span style="font-size:13.0pt;line-height:115%;font-family:&quot;Corbel&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Gurgaon-based Silverglades has developed couple of projects in the city and is constructing a 280-acre township in Ludhiana.</span><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true" DefSemiHidden="true" DefQFormat="false" DefPriority="99" LatentStyleCount="267"> <w:LsdException Locked="false" Priority="0" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Normal"/> <w:LsdException Locked="false" Priority="9" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="heading 1"/> <w:LsdException Locked="false" 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INR 350 Crore /-

Conceptual

Gurgaon

Haryana

India

Infrastructure