Rs 1,000 cr to invest says Earth Infrastructure
Realty firm Earth Infrastructure on Monday said it will invest Rs 1,000 crore over the next three years to develop three projects in the National Capital Region.
The company has plans to invest two housing projects in Gurgaon and Greater Noida , comprising about 900 apartments, and one office complex in Greater Noida.
"This year, we are going to invest in a number of projects. In the first phase, we are launching three projects in NCR … The total investment in these projects will be around Rs 1,000 crore by 2013," Earth Infrastructure Joint Managing Director Vikas Gupta told reporters here. The amount we invest will be funded through internal accruals and advances from customers, he added.
Elaborating on the forthcoming projects, Gupta said: "We will develop a premium housing project, Earth Copia, to invest Rs 400 crore in Gurgaon. It will have about 500 flats with a starting price of Rs 70 lakh."