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Krasa Group to Invest Rs 500 Crore in the New Project in Noida

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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