Real estate firm Krasa Group, today said it will invest approx Rs 500 crore over the upcoming three years to build up a commercial development in Noida.
In a filing to the Krasa Group, Noida based group said that the corporation will come up with a new development in Sector 140, Noida Expressway.
"The property is spread across an area of 5 acres with a whole profitable area. The development is under the development of Krasa International holds 100% of the total development," it added. When speak to, organization’s Managing Director said the corporation has united with a property-owner to build up this development, which will encompass of lots of business apartments.
He said the corporation would begin construction in the upcoming 4 months after attaining the surroundings permission & the development would be finished in 4 years after that.
Asked about investment, he said, "The development price will be approx Rs 500 crore". The price will be met from interior accumulations, bank amount overdue and proceeds.
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