3c Greenopolis Group Housing Project in Gurgaon
Online, August 2, 2012 (Newswire.com) - 3C Company and Orris Infrastructure has announced on Friday that they will launch the joint development of a group housing project Greenopolis in Gurgaon the budget of this project Rs 2,300 crore have been announced by both these company
The 3C Company has Rs 1500 crore investment from Red Fort Capital for various projects it is developing. The 47-acre project 'Greenopolis' would comprise of 2,317 housing units.
All three companies declined to give investment details and revenue share arrangement. Mr Bharadwaj said 3C Company would have 65 per cent share while Orris 35 per cent.
Beautifully designed multi use public spaces that are closely integrated with nature, fostering a sense of ownership and enhance a sense of belonging for all.
A 'rewarding' living experience with varied choices- 2, 3 & 4 two side open 'breathing' apartments with natural light and ventilation. Master bedrooms with corner windows having two side view of the green spaces.
3c Greenopolis used in their apartments Heat reflective glass helps in controlling glare and solar heat resulting in reduced air conditioning load. Bathe in 100% natural light all across your house, which will also cut down your electricity bills. Refresh your senses with fresh breezes wafting through every nook and corner of your house.
The 3C Company has roped in private equity firm Red Fort Capital in the project.
Bharadwaj declined to share the revenue sharing between the two partners, but sources said the 3C Company would have 65 per cent share while Orris 35 per cent.
Asked about investment in the project, Bharadwaj said "the sales realisation in the project is about Rs 2,300 crore". The project has been launched at Rs 5,250 per sq ft and the size of the units varies from 1,200 sq ft to 2,500 sq ft.
On fund invested by Red Fort Capital in this project, he said it has invested about Rs 1,500 crore in various projects of the 3C Company.
The 3C Company is currently developing 35 million sq ft of area in Noida-Greater Noida, while Orris Infrastructure is constructing an integrated township on Yamuna Expressway and commercial projects in Gurgaon.