Aegis Homes Announces Residential Project Aegis Gold Floors in Karnal

NEW DELHI and KARNAL, India, April 18, 2013 /PRNewswire/ --

To Develop Residential Projects of Over 2000 Units in Karnal Over 3 Years With Plans to Tap Potential of Emerging Real Estate Destinations in Smaller Towns as a Part of Growth Strategy

Aegis Homes Limited, an emerging real estate developer led by internationally experienced professionals, has announced its entry into the real estate sector with its maiden project Aegis Gold Floors in Karnal (Haryana), a little over 100 kms from the national capital. Spread over a self-owned land bank of 25 acres, Aegis Gold Floors, located near hotel Noor Mahal, a five star property in Karnal, will have both plots and independent floors (Ground +2 floors), surrounded by lush greenery. The project is adjacent to the HUDA Sector 33 and has in its close vicinity, a convent school, commercial center, hospital, 6-lane national highway and an upcoming aerodrome. Aegis Homes will be developing over 2000 units in Karnal into residential development in the next 3 years. The company has identified potential in emerging cities of the country and will be venturing into large townships and group housing projects as part of the strategy.

Aegis Homes aims at providing high per-square feet value and housing for real needs of people from middle and upper middle income segment. Independent floors in Aegis Gold Floors offer stunning view of 5,000 sq. yards of uninterrupted landscape. The floors will have a covered area of 1310 sq.ft. (terrace rights included with 2nd floor). The well planned construction has designed by a team of architects trained at IITs and top American universities coupled with strong global expertise. It will be similar to a mini township with a provision of comforts such as a convenience shopping outlet, park, jogging track, yoga pavilion besides adequate provision for basic amenities like power, water and sewer connection. The neighborhood layout also has a police station, banquet hall, schools, hospital, old age home, farmer's market and community centre.

According to Mr. Gaurav Dhamija, Managing Director, Aegis Homes Limited, "Located midway between Delhi and Chandigarh, Karnal is today what Gurgaon was a few years ago. It is a convenient gateway to the states of Haryana, Punjab, Uttar Pradesh and Himachal Pradesh and as such a real estate destination with high potential. Aegis Homes aims at replicating the experience of a world-class community living of self-contained townships into projects across all major and progressive emerging realty destinations of India. It will be our endeavor to deliver state-of-art infrastructure along with high quality construction and our management team educated from premier institutes such as IITs, The John Hopkins University, and other prominent US schools with rich industry experience will help us in setting a new benchmark in providing quality and delivering projects ahead of time."

The gradual emergence of Karnal as a potential real estate destination is due to its strategic location on NH-1, availability of potable underground water in abundance coupled with green and white revolution in the region. Karnal is home to the largest wholesale rice market in North India as well as home to over 2000 scientists working at a number of central government laboratories and research institutes. It will soon be home to the Kalpana Chawla Medical College and Hospital as well as the only airport between Delhi and Chandigarh. The government plans a number of manufacturing and other industrial developments which along with the rapid urbanization that India is experiencing will double the population of Karnal by 2025. Karnal is also a convenient gateway to the states of Haryana, Punjab, Uttar Pradesh and Himachal Pradesh and as such a real estate destination with high potential.

By building malls, multiplexes and luxury homes, private developers are propelling Karnal into a new real estate sunrise. Experts predict that Karnal too will see a makeover gradually with high-rises and people may move out of crowded cities like Gurgaon, Sonepat, Panipat, Kurukshetra, to settle down in the planned district. The Haryana Government has finalized the construction of the Regional Rapid Transit System (RRTS) on Delhi-Sonepat-Karnal corridor,  India's first high speed train project proposing to connect Karnal with Delhi in 45 minutes to one hour through trains running at 200 kmph at an interval of 10 minutes. Karnal is also one of the nine cities funded under Rajiv Awas Yojana to make cities including Gurgaon and Faridabad slum free.

About Aegis Homes Limited

Aegis Homes Limited is a dream transformed to reality by internationally experienced professionals. Aegis has identified the city of Karnal, where it would launch its first project. Aegis Homes' core philosophy is to cater to the real demand of residential housing for middle and upper middle-income segment people. The Aegis management team, which is educated from premier institutes such as IITs, The Johns Hopkins University and other prominent US schools, has gainfully worked both nationally and abroad in relevant industry, and is determined to set a new benchmark in providing quality, and delivering projects ahead of time. For further information, please visit www.aegishomes.in

Primary Media Contact: Ruby Sinha, [email protected], 91-9811639657

Secondary Media Contact: Rinu Jha, [email protected], 91-9999687155