Luxury Living in Gurugram: Alpha Corp Unveils Rs 350 Crore Housing Project
Alpha Corp, a leading real estate firm, is set to invest Rs 350 crore in a luxury housing project in Gurugram, offering 200 units across 2.38 acres.
Luxury HousingReal EstateGurugramAlpha CorpResidential ProjectReal Estate NewsJul 09, 2024
The project will feature around 200 luxurious housing units, with the first phase comprising 40 units available for sale. The apartments will range from 2,400 to 3,600 sq. ft. and will be priced between Rs 4.5 crore to Rs 5 crore and above. Construction work is scheduled to commence by September 2024, with possession expected to be handed over to buyers within the next four years.
Alpha Corp SKY1 is a joint development project, with the company having entered into an agreement with the landowners. The total development area for the first land parcel is 2.38 acres, while the second land parcel spans 2.36 acres, making it a sprawling half a million sq. ft. development.
As a leading real estate developer, Alpha Corp has a diversified portfolio of projects across the National Capital Region (NCR), Punjab, Uttar Pradesh, and Gujarat. The company's projects include integrated townships, luxurious condominiums, corporate hubs, retail centers, and industrial parks.
With this new project, Alpha Corp is poised to cater to the growing demand for luxury housing in Gurugram, which is fast emerging as a hub for high-end residential developments. The company's commitment to quality and excellence is expected to set a new benchmark for luxury living in the region.
Frequently Asked Questions
What is the investment amount for Alpha Corp SKY1?
Rs 350 crore
How many units will be available in Alpha Corp SKY1?
Around 200 units
What is the expected revenue from Alpha Corp SKY1?
Approximately Rs 600 crore
When is the possession expected for Alpha Corp SKY1?
Within the next four years
What is the size range for the apartments in Alpha Corp SKY1?
2,400 to 3,600 sq. ft.
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr