Tata Value Homes to invest Rs. 600 Cr at its project Eureka Park, Noida The project will focus 3BHK units that have smart amenities and people-centric lifestyle to enhance the livability quotient of homebuyers
by Shrutee K
Noida, 17th November 2021: Tata Value Homes – a 100% subsidiary of Tata Housing today announced the launch of Phase 2 of its project, Eureka Park in Noida Sector 150. The towers will comprise approximately 650 units of 3BHK that will cater to the current and future demand of the homebuyers in NCR region. The first phase of the project, launched witnessed rapid sales, with 850 + apartments being sold within 24 months of the project launch.
The project is strategically located at 15 mins from Sector 150 Metro station, 30 mins from upcoming Film City, 30 mins from Buddh International Circuit, and 45 mins from the proposed Jewar International Airport. The project offers easy connectivity to arterial roads, railways, etc., that enhances the livability quotient of the residents.
With new-age home buyers opting for larger spaces to accommodate various day-to-day activities to keep a check on health and wellness, there is a surge in demand for 2BHK and 3BHK properties across the country. Sector 150, Noida being the sports city with a core focus on health, wellness, and sports amenities in residential complexes, the demand for 3BHKs in the region is at its peak.
Commenting on the launch Mr. Sanjay Dutt (Managing Director & C.E.O.) Tata Realty and Infrastructure Ltd. says, “We are very excited to launch the second phase of Eureka Park. This project has been one of the most high traction residential projects in the North region. The current demand for larger homes has led to an increase in more rooms. Hence, with Eureka Park Phase 2, we will be adding approximately 650 units of 3BHK to address the demands of the home buyers in the region. We would be investing around Rs. 600 cr. for the development of this phase. At Tata Realty, we look forward to addressing the demand for homes with our landmark properties that create a class apart experience for our residents.
Tata Value Homes will be equipping these 3BHK inventories with Smart and convenient features that can be controlled via an app to ensure that home buyers get the best-in-class amenities along with picturesque landscape. Apart from contemporary amenities such as multipurpose open lawn, open seating area, kids play area, international-sized tennis courts, basketball court as a part of sports facility in the Eureka Park Project, the project will also feature app-controlled automation to control smart home appliances, Keyless home entry through passcode at an added cost, Gazebos with Wi-Fi access along with RFID assisted parking to name a few.
Adding to it Mr. Tarun Mehrotra, Business Head, Business Head - North & East India, Tata Realty and Infrastructure Limited: said, “Eureka Park has been a game-changer in the region with international standard amenities that provide a holistic living experience. The traction garnered through Phase 1 of the project has inspired us to create people-centric developments. We are hopeful that phase 2 of Eureka Park will enhance the home buyers' overall livability quotient.”
About Tata Value Homes: Tata Value Homes Limited is 100% subsidiary of Tata Housing Development Company Limited, established in 2010, to exclusively focus on value and affordable housing. The vision of Tata Value Homes Limited is to be the largest home provider in India. Tata Value Homes Limited has introduced two pan-India brands – Shubh Griha and New Haven. Tata Value Homes Limited is also developing a Mediterranean themed project “La Montana” near Talegaon, Pune, while Shubh Griha is currently being developed in Boisar & Vasind near Mumbai and Ahmedabad, and New Haven is currently being developed at Noida, Bahadurgarh, Chennai, Boisar, Ahmedabad and Bengaluru. Tata Value Homes Limited today has projects in Mumbai, NCR, Ahmedabad, Bengaluru, Chennai and Pune.
About Tata Realty and Infrastructure Limited: Tata Realty and Infrastructure Limited is a 100% subsidiary of Tata Sons and one of the leading real estate development companies in India with an extensive portfolio of over 50 projects across 15 cities. With an agenda of dispensing intelligent, collaborative and dynamic projects, Tata Realty has developed over 15 mn. sq. ft. of commercial projects and has ~12 mn. sq. ft. of projects under development & planning.
Keeping with the Tata philosophy of leadership in sectors of national economic significance, Tata Realty and Infrastructure Ltd was set up to identify the most promising opportunities for growth in the Indian real estate and infrastructure arena. TRIL is currently focused on long term infrastructure projects of national significance, as well as mixed use projects in the real estate sector. As is with all Tata companies, selection of projects is a specialized process, with the eventual selection list scoring high not only on business objectives, but also on the guiding Tata values and policies. Tata’s is one of India's largest conglomerates, with annual revenue of over $100 billion, and 107 operating companies in seven business sectors, employing over 750,000 people worldwide.