ETA STAR forays into the Indian property market

Published December 1st, 2005 - 05:34 GMT

ETA Star, the property development arm of the ETA Ascon Group, one of the largest business conglomerates in the Middle East, has launched its first environment–certified residential property in Bangalore with “The Gardens”, marking its foray into the Indian property market.

 

“Being a premier property developer in the Middle East, ETA Star was looking to expand its presence to the Indian property scene, and the launch of The Gardens marks our entry into this booming property market. The Gardens is a truly unique project, being the first residential development to be cleared by the Union Ministry of Environment and Forest,” said Syed M Salahuddin, Managing Director, ETA Star.

 

The Gardens, a mega project of ETA Star has been conceptualized and designed by the world renowned Ryder HKS. The Gardens will have an energy efficient sustainable architecture that balances out the ecological systems within the built environment. Rainwater harvesting, solid waste management, harnessing of solar energy, maximum green cover are some of the key eco-friendly features incorporated in the design. The design and construction of The Gardens also ensures that the existing, fully grown, over 400 trees in the premises is well preserved.

 

Located at a prime spot just 1.5 kms away from the Bangalore City Railway Station and 5 kms away from Vidhana Soudha, The Gardens is accessible from three main roads and has three separate entry and exit points.

 

The Gardens comprises 10 individual and interconnected residential towers, 18 floors each, in all totaling to about 927 apartments contributing to a built-up area of about 1.6 million square feet. There are a total of 28 different types of apartments in 1-2-3-bedroom format ranging from 1350-3500 square feet each. There are about 927 car parks planned in a multi-level car parking facility, protected by traffic regulation system and security, along with an additional open parking facility of 117 car parks for guests and visitors.

 

“The sky gardens on the 6th, 12th and 18th floor form the green pockets within the building. Bridges across these floors connect the individual towers at 3 levels. Structurally strong, these bridges are designed to ensure safety for its residents and provide easy access between the residential towers,” said Abid A Junaid, Executive Director, ETA Star.

 

“The Gardens are set against the well-crafted, green landscape interspersed with a number of swimming pools and water body features. Children’s play area, amphitheatre, old folks nest, outdoor gym, and a host of other recreational facilities will make it the most exciting place to live in,” Junaid added.

 

The Gardens offers resort-style facilities that include tennis, basketball and squash courts, gymnasium, swimming and wading pools, sauna & jacuzzi, jogging track, skate park, basketball court, mist garden, squash court, party plaza, club house and a variety of other features. It will also contain a supermarket and cafeteria.

 

The Gardens will be officially launched in the Middle East on the 1st of December 2005 at the Emirates Towers, Dubai. ICICI Bank has made special arrangements for providing loans at special rates for home financing on the day of the inauguration.


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