Antara Senior Living on September 27, 2022, announced the sale of over 300 units at its second senior living community in Sector-150, Noida. Ninety per cent of the phase-I inventory of Antara’s Senior Living Community in Noida worth over Rs 500 crores in realisable revenue have been booked already, the company said in a statement.
Antara is part of the $4-billion Max Group and the wholly owned subsidiary of Max India Limited.
Launched in early 2020, the Residences for Seniors project is an integral part of Antara’s vision to create an ecosystem to address the lifestyle and lifecare needs of seniors. Spread over 16,500 square metre, Phase-I of the project houses 340 apartments, in 2 and 3BHK configurations, across 2 towers. These apartments are available on a 90-year direct lease under the Noida authority and have all-inclusive pricing between Rs 1.31 crore and Rs 2.93 crore.
Antara’s Noida community boasts wellness offerings, especially designed to cater to the needs of seniors. The first phase of the community at Sector-150 Noida will be ready for possession in 2025.
Commenting on the development, Rajit Mehta, MD & CEO, Antara said, “At Antara, we are committed to understand and respond to the evolving needs of the elderly through a blend of lifestyle and lifecare offerings. During the pandemic, we witnessed a quick adoption of Antara Noida by seniors who had started to look for organized and specialized living spaces that can enable an independent, active, and hassle-free life. Antara Noida has seen cumulative net sales of over 300 units already and the continued momentum and heavy footfall at the community site give us the confidence that the interest will continue during the remaining part of the financial year as well.”
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