AU Real Estate Invests Rs 600 Crore in Luxury Residential Project in Ghaziabad
AU Real Estate invests Rs 600 crore in luxury residential project
Real EstateLuxury Residential ProjectGhaziabadAu Real EstateAditya World CityReal EstateMay 30, 2024
The company is optimistic about the project's prospects, citing a positive response from potential buyers. According to Ashish Agarwal, Director, AU Real Estate, the project aims to establish Ghaziabad as a luxury home destination. The company is also exploring joint development opportunities to expand its real estate portfolio.
The project is expected to be completed through sales receivable and internal funding. Agarwal attributes the project's feasibility to the post-Covid resurgence in the residential real estate market, which has enabled developers to generate cash flows through sales alone. Ghaziabad, being an untapped market, offers immense opportunities for growth, with many locals seeking to upgrade their lifestyle.
AU Real Estate is a realty company promoted by the Aditya builder. The company is focused on developing luxury residential projects in prime locations.
Aditya builder is a renowned real estate developer with a strong presence in the Indian market. The company has developed several prestigious projects, earning a reputation for quality and excellence.
Frequently Asked Questions
What is the investment amount by AU Real Estate in the luxury residential project?
Rs 600 crore
Where is the luxury residential project 'The Sunflower' located?
Aditya World City Ghaziabad
What types of residential units will be offered in 'The Sunflower' project?
3 and 4 BHK high-rise apartments
What is the total area of the project?
6 94 acres
What is the expected completion timeline for the project?
Through sales receivable and internal funding no specific timeline mentioned
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