Property

Supertech will invest Rs 800 cr this fiscal to deliver 10K flats in the next year

Supertech – a well known real estate group will invest approximately Rs 800 crores this year in order to complete various construction projects to achieve the target of delivering 10,000 flats in the next fiscal year, according to a top company official.

MD Mohit Arora said that Supertech is also looking forward to its sales booking to increase to Rs 3000 crore during the 2018-19 fiscal because of the increase in demand in real-estate, distinctively from ready-to-move-in flats.

In the last 30 years, Supertech has delivered 40,000 apartments and is aiming to deliver 60,000 flats across different ventures, most notably in Noida, Gurugram and Greater Noida.

In ‘Supernova’, a project by Supertech, the company has built 575 units in its 2 towers. A tower for commercial purpose with a massive area of 10 lakh square feet will be completed by end of this year.

The biggest highlight of Supernova will be an 80-storey tower which will comprise of 250 flats and 600 studio apartments. Another tower will have 80 Armani-residencies and 250-rooms hotel.

Supertech Chairman is aiming to deliver 10000 units in the 2018-19 fiscal year.

Supertech is aiming to raise more funds for executing its projects. In December a year ago, it raised Rs 430 crore from Altico Capital to fund its current housing project in Noida and reimburse debt.  In September last year to complete its Eco-Village residential project, it had raised Rs 350 crore.

August 20, 2018 / by / in , , ,
Real Estate Industry on the rise in Noida

The real industry of India has witnessed a tremendous growth in a short span of time. The specialists ascribe this growth to the rise in demand and correctly so. Rising levels of income and soaring demand in the residential sector has surely given a lift to this industry. Urban areas have been largely benefited by this rise. A name that deserves a special mention here is Noida.

Noida is one of the biggest industrial towns of India, and has witnessed a rise as far as Indian real estate is concerned. Its relative closeness with Delhi has been beneficial for this rise. Excellent connectivity be it by rail or road, uninterrupted power backup and different other factors have stimulated gigantic migration to Noida.
On account of the previously mentioned factors, Noida is hailed as a town with a several economic zones. These economic zones are most appropriate for development of shopping centers, industrial units and extravagant residential flats. The town has seen fast expansion in business outsourcing industry and administration industry. Therefore, the real estate costs will undoubtedly go up and along these lines investing at the opportune time is a guarantee of enormous returns later on.

Another significant pattern in the Real Estate Industry in Noida is the syndication among major players. Huge residential ventures are attempted in partnership by Real Estate Companies in this manner changing rivalry into a joint venture. This has unquestionably given a major lift to the business. As of late government offered impetus to the business by permitting 100% Foreign Direct Investment in specific Real Estate Development Projects in Noida.
No denying, Real Estate Industry in Noida is developing at a quick pace. Contributing there will surely be a great decision. Thus, what are you sitting tight for! Race to your closest Real Estate Agency for more details and secure your future with sharp-witted investment.

April 4, 2018 / by / in , , , ,