Saha Group To Invest Rs 160 Crore For Housing Project In Noida

Post Details
Post By By Buniyad


With Saha Groupe strengthening its hold in Delhi-NCR region of Noida, it has planned to invest Rs. 160 crores for the construction of its housing project in the area. In order to initiate its plan, the real estate giant has purchased 6.25 acres of land from another real estate company named Logix. The construction will commence in Noida’s sector 150, where Saha Groupe will be developing 480 residential units. This housing project has been set to develop under the project name of “Eminence”. The purpose of carving a niche in the area is to give a healthy competition to existing real estate developers such as Godrej Properties, Tata Housing, ATS and Shapoorji Pallonji.

As per the statement of Saha Groupe director named Aunirban Saha, they have managed to purchase the land of 6.25 acres on Noida Expressway. Indeed, the construction has already started and the project is intended to get completed within a time slot of three and a half years. He further stated that the total build up area as per the project has been estimated to 8 lakh square feet. On being asked by the total cost of the project, Aunirban Saha declined making any comments. Though, the market estimates have made it clear that the construction cost alone would come fall around Rs. 160 crores.

Throwing light on the housing units, Aunirban Saha said that the company is selling apartments at the cost of Rs. 4500 per square feet because of the festive season. As the matter of funding is concerned, the company is said to have risen around Rs. 200 crores as construction finance from Edelweiss Group. Besides the construction of Eminence project, Saha Groupe is developing three other residential projects in Noida by the name of Amadeus in Sector 143, Meghadutam Ecore in Noida Extension and Panchvati in Dehradun. All these residential projects have about 1000 housing units in total.

Taking note of the completion of the projects, the one in Noida Extension by the name of Meghdutam Encore is set to get complete by the end of next year. As per other projects are concerned, they are planned to be completed by the year 2021. Describing about the new project at Eminence, there will be a 3 acres of green space adding beauty to the housing unit for sure. This is the reason that Saha Groupe has been developing projects in liaison with smarter housing construction tactics.

Recent Post

well-versed real estate company with a decent track record in Noida
Choosing Wisely: How to Judge a Trustworthy Real Estate Consultant

Finding a suitable property, whether a dream […]

Loan Against Property or Loan for Commercial Property
How to Apply for Property Loans in India: From Application to Approval

Are you planning to purchase your dream […]

favorable Real estate investment opportunities.
Before You Invest: Essential Insights into Real Estate Ventures

Are you planning to buy a property […]

Gateway to Growth Explore Commercial Real Estate in Noida
Gateway to Growth: Explore Commercial Real Estate in Noida

Noida, part of India’s National Capital Region, […]

property investment in Noida
Building Wealth for Tomorrow: The Power of Property Investment

Investing in real estate means more than […]

Deciphering Floor Space Index (FSI): Definition, Computation, and Significance
Deciphering Floor Space Index (FSI): Definition, Computation, and Significance

Embarking on property investment is a transformative […]

Demystifying Stamp Duty in India
Demystifying Stamp Duty in India: A Comprehensive Guide

Acquiring property is a substantial and intricate […]

Leave a Reply

Your email address will not be published. Required fields are marked *

Buniyad Blog is proudly powered by WordPress