By Accommodation Times Bureau
Vatika Limited will invest Rs. 8,000 crore to develop a 224-acre township project Vatika India Next 2 in Gurugram. The Group recently announced its first Integrated Mid Income Housing Project under PMAY in which more than 15,000 apartments in Vatika India NEXT-2 would be eligible for Credit Linked Subsidy (CLSS), the government’s flagship scheme under PMAY.
“Vatika is already developing a 700-acre (approximately) township ‘Vatika India NEXT’ in Gurugram, comprising 8,000 flats/plots and 3.3 million sq ft of commercial space, with an investment of Rs. 6,000 crore. Taking care of the social infrastructure, Vatika has provided space for a police station inside the township. A police post and digital post office are already operational.
Anupam Varshney, Vice-President, Sales, and Marketing at Vatika Ltd. feel that “The new township will offer good quality homes in a well-designed environment at prices which will be well within the reach of most people. By availing the credit linked subsidy, homebuyers will be able to benefit from the government’s vision of housing for all.”
The major part of the township is expected to be completed by 2025. The development is being planned in sectors 88A and 88B of Gurugram, along the Northern Peripheral Road or the Dwarka Expressway, which has recently been designated as a National Highway (NH48a).
The Group has also partnered with Amazon for Alexa enabled smart homes mega township projects in North India. Vatika has introduced Amazon Alexa smart homes in two of its mega townships Vatika India Next and Vatika India Next 2 in New Gurugram. About 2118 units of Vatika India Next and Vatika India Next 2 will offer automated smart homes.