Home Urban Infrastructure News Realty News Eros Group to invest Rs 125 crore in Greater Noida Residential Project

    Eros Group to invest Rs 125 crore in Greater Noida Residential Project

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    EROS Group

    Realty firm EROS Group has decided to invest Rs 125 crore in the affordable housing sector in Greater Noida West. This is the real estate developer’s first residential project in Noida. After delivering Eros Sampoornam in Sector 2 at Greater Noida West, Eros Group has launched the second phase of the project, Sampoornam I for which it is investing Rs 125 crore. The project will be adjacent to the company’s existing project Eros Sampoornam wherein 1,800 flats have been already delivered. Spreading over 12 acres, the phase will incorporate four towers with 258 two and three BHK units ranging between 835 sq ft and 1560 sq ft.

    “It is a RERA registered project. These newly launched four towers will consist of 258 apartments ranging from 835 sq ft to 1560 sq ft. These are 14 to 15 storeyed towers. We are planning to introduce six more towers in the same phase shortly depending on demand,” said Avneesh Sood, Director of Eros Group.

    Director adds to his comments “We are just being conservative and have not opened the entire phase at one go. We are waiting to see what the response is like. These apartments are priced between Rs 45 lakh to Rs 50 lakh. We would be completing the project within two-and-a-half years. We will launch the final phase in three or four months if all goes well. The company has launched this project at Rs 3,800 per sq ft and the size of the units range from 835-1,560 sq ft, he said.

    There is an upcoming metro station outside the project and a fully functional shopping area inside the colony. The proposed apartments of EROS Group will be designed similar to the Sampoornam but will also include additional features like; wooden flooring, modular kitchens, luxury bathroom fittings, video door phones and even free open parking. Other features of the project include plush interiors, amenities like manicured common spaces, jogging tracks, children’s play area, yoga pavilion, Tennis & Basketball courts, 3-tier security, power, and water available at all times.

    https://www.business-standard.com/article/pti-stories/eros-group-to-invest-rs-125-cr-on-new-housing-project-in-greater-noida-119043000750_1.html

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