Real Estate Developer Alpha Corp To Invest Around INR 1,000 Cr To Revive Ten Stalled Projects in Delhi-NCR

user Admin
  • 23rd Jun 2021
  • 1885
  • 0
Real Estate Developer Alpha Corp To Invest Around INR 1,000 Cr To Revive Ten Stalled Projects in Delhi-NCR
Never miss any update
Join our WhatsApp Channel

Property development company Alpha Corp will invest close to Rs 1,000 crore in reviving 10 stuck projects in Delhi-NCR.

With the help of the buyer associations in these projects, the company had submitted bids in the Delhi High Court and the National Company Law Tribunal (NCLT).

Alpha Corp will invest Rs 500 crore in six projects of Cosmos, five of which are in Noida and one in Gurugram. A major part of the projects is commercial.

Another project that the Group is about to take over is Spirewood, a group housing society in Sector 103 of Gurugram.

About 20-30 percent of work has been completed. The documentation of the project has been done. The project includes 620 units in which 517 units are sold out. AlphaCorp will be investing Rs 50 crore in the project. The project is expected to be completed in the next three-and-a-half years.

Beside these seven projects, the company is taking over three projects of Earth Infrastructure of which two are commercials and one is residential.





Related Topics / Tags

Admin

Author

Admin

...


Comments

Add Comment

No comments yet.

Add Your Comment

Relevant Blogs

General
Global Capability Centres Emerge As Big Players in Indian Commercial Real Estate

In Bengaluru, the landscape of office leasing is witnessing a significant shift. Global Capability Centres (GCCs), the tech and shared service limbs o

General
Mumbai Leads the Surge in Luxury Home Prices in India

According to the Prime Global Cities Index report, not only Mumbai but also Delhi and Bangalore have seen an uptick in the average annual prices of ho

General
The Ultimate Dubai Real Estate Investment Guide

Table of Contents: Introduction to Dubai's Real Estate Market Why Invest in Dubai's Property Market? Dubai's Property Investment Landscape: An Ov