Garg Group to invest 10 bn in Ghaziabad
Garg group co to invest Rs 10 bn in Ghaziabad
Ghaziabad-based Landcraft Developers is planning to invest about Rs 10 billion in the next five years to develop two projects in Ghaziabad, reports Business Standard.
The two projects include a group housing project and 120 acre-township integrated township in the city. The real estate company is part of the Garg Group. The planned investment would be funded through internal accruals and debt.
The group housing project, River Heights, will have 1,000 apartments and the company will invest Rs 1.5 billion to develop this project. The construction of the first phase has already been started and the entire project is expected to get completed by 2010.
In the township project `Golf Links`, the company is planning to develop 2,500 apartments, villas and a shopping mall spread over eight lakh sq ft. Besides, it will have a 3-star hotel with 100 rooms and a sports complex along with a golf course.
The project cost of the township will be over Rs 8 billion. The development work has already started and the first phase, in which the company is offering 1,100 flats, would be over by 2010 end, while it would take 4-5 years to develop the entire project.
Ghaziabad-based Landcraft Developers is planning to invest about Rs 10 billion in the next five years to develop two projects in Ghaziabad, reports Business Standard.
The two projects include a group housing project and 120 acre-township integrated township in the city. The real estate company is part of the Garg Group. The planned investment would be funded through internal accruals and debt.
The group housing project, River Heights, will have 1,000 apartments and the company will invest Rs 1.5 billion to develop this project. The construction of the first phase has already been started and the entire project is expected to get completed by 2010.
In the township project `Golf Links`, the company is planning to develop 2,500 apartments, villas and a shopping mall spread over eight lakh sq ft. Besides, it will have a 3-star hotel with 100 rooms and a sports complex along with a golf course.
The project cost of the township will be over Rs 8 billion. The development work has already started and the first phase, in which the company is offering 1,100 flats, would be over by 2010 end, while it would take 4-5 years to develop the entire project.