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Economy Jan 10, 2013

SARE Homes inks pact with ICICI Bank for expandable villas in Chennai

By Firstbiz Staff

SARE Homes has inked a Memorandum of Understanding with ICICI Bank to offer special finance schemes for the real estate developer's two upcoming projects located on the Thiruporur by-pass , between the highway on East Coast Road and the IT Corridor of Old Mahabalipuram Road in Chennai.

For launching the two projects, SARE Homes has offered customers an option to pay 20 percent of the booking amount for an apartment, an offer which would be available for a limited period in association with ICICI Bank, SARE Homes, Executive Director, David Walker said.

Type A Expandable Villas are 2 BHK villas with the option of expanding a room on the terrace.

One of the key features of this scheme is no price escalation on sold units, except due to change in areas if any.

SARE Crescent ParC is part of a 112-acre residential township coming up at Old Mahabalipuram Road, with prices beginning from Rs 38.5 lakh onwards.

SARE MeadowVille is another project offering expandable villas coming up at GST Road, with prices beginning from Rs 32.5 lakh onwards. The project, in the second phase of development, offers different type of expandable villas, the statement added.

Features: Every villa is Vaastu compliant, and special features included in the design are - security grills, master bedroom with balcony, privacy-design for all bedrooms and a spacious kitchen with storage.

The township enjoys an exclusive 20,000 sq. ft. clubhouse with a swimming pool and a gymnasium, uninterrupted power supply, round-the-clock security, a fully air-conditioned community hall and children's playgrounds.

by Firstbiz Staff

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