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County Group plans to invest over Rs 5,000 crore in the development of the ultra-luxury residential apartment complex Ivory County in Sector 115, Noida. The project will consist of 2372 units, developed in three phases, with a revenue potential of Rs 7,500 crore. The project is aimed at luxury and ultra-luxury end-users.
Get latest articles and stories on India at LatestLY. Real estate developer County Group on Wednesday said it will invest Rs 5,000 crore over the next five years in a luxury housing project 'Ivory County' here. India News | Country Group to Invest Rs 5000 Cr in Luxury Housing Project in Noida.
The group said it expects a sales realisation of approximately Rs 7,500 crore from the project wherein the investment would be done via self-funding, bank financing and customer advances for bookings.
The project, that will have 2,372 luxury apartments, has a revenue potential of Rs 7,500 crore approximately. The ticket price of smallest apartment will be approximately Rs 3 crore while the largest ultra-luxury apartment is likely to cost around Rs 12 crore approximately.
It will have a total of 2,372 units on offer and will be developed in three distinct phases in the next five years.