Assotech Realty to develop commercial project in Noida
   
Quotes

Assotech Realty to develop commercial project in Noida

Last Updated: Friday, March 23, 2012, 14:11
 
 Comment 1
 
Assotech Realty to develop commercial project in Noida
New Delhi: Property developer Assotech Realty has said it will develop a commercial project in Noida with an investment of about Rs 300 crore.

The 14-acre project -- Assotech Business Cresterra – will have a total saleable area of 1.4 million square feet comprising 1.2 million square feet of office space, 150 service apartments and about 70,000 square feet of retail space.

"We are launching a green eco-friendly business park in Noida where the company is offering 11.5 per cent assured return to investors for five years," Assotech Realty Managing Director Neeraj Gulati told reporters here.

Asked about project cost, he said the total investment in the project would be about Rs 300 crore, including the land cost. The investment will be funded primarily through internal accruals.

The company is selling office space at about Rs 5,500 per square feet and service apartments at about Rs 6,000 a square feet. It would also help customers in providing lease of their office space.

Gulati said the company has so far delivered seven projects in the national capital region.

"We are planning to launch projects in Greater Noida, Ahmedabad and Jammu & Kashmir this year," he said, adding that the company has tied up land at these locations.

PTI




First Published: Friday, March 23, 2012, 14:11


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved