Eros Group Invests ₹400 Crore in Greater Noida Housing Project
Delhi-based Eros Group invests heavily in a new housing project in Greater Noida, with a total investment of close to ₹400 crore. The project, Sampoornam 3, is located close to the upcoming Aqua Line metro station.
Real Estate NewsGreater NoidaEros GroupHousing ProjectAqua Line MetroReal Estate NewsSep 04, 2024
The company has so far sold inventory worth ₹200 crore, with the initial sales opening for five towers that comprise 318 units out of the total 726 units across the project. The project is strategically located close to the upcoming Aqua Line metro station of NMRC (Noida Metro Rail Corporation) in Sector 2 and is situated on a 130-meter-wide main road connecting KP-5 and Depot metro station in Greater Noida.
'We are thrilled by the incredible response Eros Sampoornam 3 has received even before its official launch soon after receiving UP RERA registration. The early sales success reflects the trust and confidence that homebuyers have in our brand,' said Avneesh Sood, director, Eros Group.
The first phase of the project comprises 258 flats and 90 shops. Eros Group has several residential and commercial projects under its banner, including Charmwood Village in Faridabad, Lakewood City located along the Gurugram-Sohna Road among others.
According to an Anarock report, Noida and Greater Noida together saw approximately 8,425 units sold in H1 2024. Of this, 42% (approximately 3,550) units were luxury homes and just 13% (approximately 1,100) units were in the affordable segment. The highest sales share - 3,770 units or 45% - was in the mid and premium segments priced between ₹40 lakh and ₹1.5 crore.
The investment by Eros Group is a testament to the growing demand for housing in the region. With the upcoming Aqua Line metro station and other infrastructure developments, the area is expected to see significant growth in the coming years.
About Eros Group
Eros Group is a Delhi-based real estate developer with a presence in the National Capital Region (NCR). The company has several residential and commercial projects under its banner and is known for its quality construction and timely delivery.
Frequently Asked Questions
Where is the Eros Group's housing project located?
The project, Sampoornam 3, is located in Greater Noida, close to the upcoming Aqua Line metro station.
How much has Eros Group invested in the project?
Eros Group has invested close to ₹400 crore in the third phase of the project.
What is the total area of the project?
The project is spread across an area of over 21,728 square meters.
How many units are available in the project?
The project offers a total of 726 units, with the initial sales opening for 318 units in five towers.
What is the price range of the units in the project?
The price range of the units in the project is not specified, but according to an Anarock report, the highest sales share in the region is in the mid and premium segments priced between ₹40 lakh and ₹1.5 crore.
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