| Guragon-based Vatika group is planning to develop a 180-acre township called Vatika City Central in Ambala (Haryana) at a cost of Rs 500 crore. This will be the group’s first major township in Ambala.
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| The township will be divided into group housing, plots, bungalows, commercial and retail space. It will also have facilities like a library, swimming pool, indoor games etc. The project offers 55 per cent area as open spaces in form of theme and landscaped parks.
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| “The USP of Vatika City Central is that it is located in sector 23, which is the centre of the city and surrounded by premium sectors. After getting approval from the state department, we will start the construction soon,” said Pankaj Pal, president, sales and marketing.
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| He added that 12 acres was reserved for group housing, which would consist of 650 apartments, accompanied by a separate club house, swimming pool and power back-up facilities. Another 7 acres is for commercial space. The commercial space will include a mall, a market, a budget hotel and space for a hyper market. In the plots segment, 10 per cent will be kept for the economically weaker sections and 10 per cent for the no profit, no loss category.
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| Apart from this project, the group is developing three more commercial complexes — Vatika Technology Park, Vatika Technopark, Faridabad and Vatika City, Gurgaon. He added that Vatika City was the largest ever group housing project in Gurgaon, with over 1400 apartments spread over 3 million square feet. It will be a combination of low, mid and high-rise apartments.
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| The group is also developing Vatika Infotech City in Jaipur, an 808 acre integrated township offering a mix of residential, retail development and a 53-acre infotech special economic zone park with a host of world-class faculties and amenities. The IT park was one of the first projects in Rajasthan to get SEZ status.
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| After the success of its restaurants and business centres, the group is ready to introduce world class luxury with its chain of Westin Hotels, in association with Starwood Hotel and Resorts, the largest upscale hospitality brand in the world. As a part of the agreement, the Vatika group will be setting up Westin hotels in Bangalore, Gurgaon, Sohna and Jaipur.
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| The group has also ventured into facilities management. Vatika Space Management total management of maintenance, services and operation of real estate to its clients. |
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