Thursday, September 29, 2011: 12:33:33 PM

TJCD Company Review

Espace Homes – Blending modernity with style

The company’s vision is to create top of the line structures and unique spaces incorporating frontline designs and world class architectural skills

Freakin' Awesome! Freakin' Awesome! Freakin' Awesome! Freakin' Awesome! Freakin' Awesome!

Espace Homes is a premium residential real estate brand promoted by Narang Infrastructure Pvt Ltd. The company was incorporated in 1985 as M/s Sahil Builders Private Limited. The parent company, under this name, executed more than 50 residential projects in South Delhi till 2005. The residential brand Espace was formed in 2008. 

 
The company’s vision is to create top of the line structures and unique spaces incorporating frontline designs and world class architectural skills. It came up with beautiful projects in Delhi, particularly localities of South Delhi such as Greater Kailash, Panchsheel Park, and Kailash colony, the National Capital Region (NCR), Chandigarh and Punjab.
 
All Espace properties compliment contemporary lifestyle and modern taste. The group holds the legacy of being one of the oldest and most prominent real estate developers in the national capital.
 
Location & Reach
 
Espace Homes is located in New Delhi.
 
Line of Business
 
The company is engaged in building ultra-luxury residential developments, which include boutique residential projects and group housing projects. It has also helped to create a large number of MIG housing projects in the suburbs.
 
Core Values
 
The company's foundation lies in the values of honesty and sincerity. Transparent dealings and customer satisfaction have given the company the goodwill it has today.
 
Core Competence
 
The company’s core competence lies in the following aspects:
  • Two decades of experience in the industry
  • Properties designed by highly reputed architects
  • Keen attention to aesthetics and design
  • In-house panel of interior designers
  • Reliability and quality after-sales service
 
Differentiator
 
The perfect blending of modernity and style, which is reflected in all properties developed by Espace Homes, gives it an edge over other real estate developers in the region. Besides, the company’s focus on high quality and design gives the properties a contemporary 5-star look and feel.
 
The company’s new age living spaces create an ambience of clarity and sophistication. Espace Homes strives hard to avoid redundancy and simplify properties for utmost comfort and peace of mind.
 
Clientele 
 
The company boasts of an extensive customer base comprising businessmen, industrialists, NRIs and high net-worth individuals.
 
Projects
 
Among many remarkable projects, the housing project in Greater Kailash II occupies the pride of place in its portfolio of product offerings as it boasts of 25,000 square feet of highly indulgent spaces, presenting a panoramic view in sylvan surroundings of lush green forests on three sides.
 
Some of the completed projects of the company include Regent Court in Zirakpur, Punjab; Shilpa Homes in Faridabad, NCR and Shilpa Apartments, Faridabad, NCR; W-130, Greater Kailash II, Delhi and C-40, Anand Niketan.
 
Most of the ongoing luxury projects are located in South Delhi. The projects include F-9 in Kailash Colony, A-129 in New Friends Colony, 40/53 in Chittaranjan Park and D-75 in Panchsheel Enclave.
 
Shareholding Pattern
 
Espace Homes is a private limited company.
 
Management
 
Virendra Narang is the founder and managing director of Espace Homes, Sahil Narang is the director (Operations) and Pradeep Narang is the executive director.
 
Turnover
 
Not disclosed
 
Profitability
 
Not disclosed.

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