Assotech Ltd, a real estate solution provider company has finalised a media city project which will be spread over 250000 square feet area in Noida. Elaborating on the need of media city, Srivastava, managing director, Assotech Ltd. Said, “Our projects are demand-driven. A lot of media companies are looking for space in the NCR region. As majority of people’s housing are in the areas like Noida and Indirapuram, it will be good for companies to have workforce from the nearby areas.”

The ongoing residential projects of Assotech in the NCR are Crossing Republic in Ghaziabad and Celeste Towers in Noida. According to Srivastava, Celeste Towers is the luxurious abode of the 21st century Monarchs. “It is right opposite the Noida golf course, botanical garden and metro station. The 120 m high, 35 level storied Celeste Towers will be the tallest landmark in the NCR and will cost one crore plus,” he said. Other residential projects of Assotech are going on in cities like Gwalior, Bhubaneshwar, Orissa, Uttranchal, Patna and Bihar. Elaborating of the uniqueness of its residential projects, Srivastava said: “Our residential projects have always been a hit, for we understand our customers’ demands. We offer them lifestyle products. Notably, we maintained subsidy in the last three to five years, when property rates touched sky, especially in the NCR region. Besides, the two-year warranty that we offer to our customers after possession proves to be of great relief to them.”

Assotech Limited not only has interest in the residential projects but also in the development of other Real Estate areas including commercial, hospitality, information technology, ITES and corporate spaces. It also boasts of having expert facility management capabilities. Till date, it claims to have already handed over 4.80 million square feet built up area. “Currently the group is constructing approximately 3.60 million square feet of real estate area for its customers,” said Srivastava. The company, today, is close to Rs 10 billion worth of projects under various stages of development. “Keeping in mind the general investors and NRI investments, we plan to come up with IPO next year,” said Srivastava.

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