Max Group`s Antara sells over 150 flats in its senior living community in Noida

Max Group`s Antara has sold more than 150 units in Noida's second senior community. The company expects to register a revenue of more than Rs 550 crore from this community as it is construction and development over the next four years. In early 2020, Antara opened residences for seniors in Noida.

"With 340 apartments spread over three towers, Antara Noida Phase 1 covers 16,500 square meters and meets a wide range of lifestyle needs. Residents can choose from two- and three-bedroom units ranging from 137 square meters to 280 square meters in three different apartment layouts. These apartments are available under a direct lease for 90 years under the authority of NOIDA. The all-inclusive price ranges from Rs 1.15 crore to Rs 2.35 crore, "the company said in its regulatory filing.

"The spacious clubhouse with an all-day restaurant with nutritionally coordinated and personalized specialty meals, entertaining spaces, a wellness area, and a heated indoor pool will address the wellness needs of residents. The community will promote and facilitate a lifestyle attractive life, "he added." Antara Noida also offers services such as panic alarm buttons, 24-hour medical assistance, emergency response systems, proximity to medical facilities, etc. to ensure a comprehensive life experience "carefully through resident participation programs. "

"The elderly care space in India is evolving rapidly. The closure has exposed gaps in India's elderly care system and has reaffirmed the need for dedicated living spaces for the elderly, as well as comprehensive services," said Rajit Mehta, CEO and Managing Director of Antara.

“We have seen an increase in customer inquiries and faster conversions in Antara Noida during the confinement as seniors begin to seek organized and specialized living spaces for seniors, allowing them to lead independent, active lives. , beneficial and uncomplicated. Antara Noida has seen cumulative net sales of over 150 units. In fact, the continued strong interest and high engagement in the community site give us confidence that the sales momentum will continue into the next fiscal year as well. "

In addition, in the regulation file, the company also stated: “Antara's Residences for Seniors focuses on comprehensive well-being and on becoming a provider of solutions for all the needs of the elderly, whether social, physical, recreational, health or luxury. The furnished apartments are equipped with fine architecture. The level includes small but important items such as non-slip tiles, wide turning radius for wheelchairs, wide doors, and windows, etc. "

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