Sahara enters South India real estate market

- Launches Sahara Grace brand of residential complex at Kochi
- Project plans to house 728 residential units with a mix of Apartments & Penthouses

Kochi, April 3, 2008: Sahara with its real estate business enters South India with the launch of its Sahara Grace brand of residential complex at Kochi. After Sahara Grace at Gurgaon and Lucknow the Kochi project is the third under this brand which is positioned to provide a product mix of apartments and penthouses and many value-added facilities & amenities to its residents.

Speaking about Sahara’s presence in the southern region and announcement of Sahara Grace, Sushanto Roy, Head – Sahara’s Real Estate Business said, “Today is a memorable moment and a matter of pride for us, as we announce our first project in southern India. We are also planning to bring our other brands of real estate projects to South India.” Commenting of Sahara Grace, Kochi he said, “Sahara Grace Kochi has been planned to provide residential units with lifestyle community facilities.”

Sahara Grace, Kochi is located at Seaport Airport Road, Kakkanad and offers residential & commercial facilities designed for the high income group customers. The project is spread on 14.72 acres and proposes to house 728 residential units. With a total built up area of approx. 1,68,670 sq. meters the project comprises of a mix of Two to Four Bed Room Apartments, Three & Four Bed Room Duplex Apartments & Penthouses.

Sahara Grace, Kochi will offer its residents various amenities like - a clubhouse which is proposed to be built on a plot area of approx. 4290 sq.meters and will have facilities like Swimming Pool, Health Club/ Gymnasium, Badminton Court, Billiards / Snooker and TT facility, Snack Counter and Kid’s play area. Along with these facilities there will be a Helipad Central Water body with artificial lake, gazebo and jogging track, multi storied car parking, Multi level security system, piped gas facility, in house fire control system, rain water harvesting system, as well as separate kid’s play area for all its residents. For Block – A residents there will be an exclusive recreational floor which proposes to have Community halls, Gymnasium, Lounge, Pool / Billiards facility/ Library/ Terrace Garden and Party Lawn.

As a safety measure for protection of life & property from Earthquake, construction at Sahara Grace, Kochi is designed at 1 level higher than the applicable seismic zone as per the specifications of Bureau of Indian Standards.

For Sahara Grace, Kochi project Home finance options are available from Axis Bank Ltd, ICICI Bank Ltd., Fedral Bank, State Bank of Travancore, HDFC Ltd, Sahara Housingfina Corporation Ltd.

About Sahara Real Estate Business
Sahara has developed commercial as well as residential projects which include townships, premium group housing projects, malls, retail spaces, hospitals, hotels, to name a few. Sahara is also credited with the development of Aamby Valley City, near Mumbai.

The flagship project of Sahara under its real estate business is Sahara City Homes - a chain of townships proposed to be developed across 217 cities in India. The construction work of Sahara City Homes townships in Lucknow, Nagpur & Indore is ongoing. The development of Sahara City Homes Township at Ahmedabad, Coimbatore, Aurangabad and Solapur are also in progress.

Other ventures of Sahara real estate business are, Sahara States – Lucknow, Gorakhpur, Hyderabad and Bhopal, Brand malls – Sahara Ganj, Lucknow and Sahara Mall, Gurgaon.