Developer SARE Homes (South Asian Real Estate) plans to put up sale for its 4,600 residential units this financial year according to top company official.

SARE Homes sold about 2,000 units last year.

“We are focused in residential real estate business. This year we are expecting to sell over 4,600 units. We have sold 4,500 units till date,” SARE Homes Executive Director David Walker told reporters here.

As the demand for affordable residential units has been increasing over the last two year, he asserted that the company will currently engage in several projects across India.
“Currently, our land bank is about 700 acres. We are engaged in three projects in NCR, one in Mumbai, one in Indore, one in Amritsar and two in Chennai,” he said.

Walker and senior company officials were here to declare their second expandable villa project — SARE Crescent ParC, near Chennai, to come up on 112 acres valued at Rs 1200 crore.

“This is our second project in Chennai. We completed our first project ‘MeadowVille’ comprising 400 apartments and it was very successful,” he said.

He said the apartment units in the second project would be priced between Rs 40 lakh (for two BHK duplex villas) and Rs 55 lakh (for 3 BHK duplex villas).