Alphacorp eyes Gurugram luxury housing plan for Rs 3.5 bn investment
Real Estate

Alphacorp eyes Gurugram luxury housing plan for Rs 3.5 bn investment

Realty firm Alphacorp is set to invest Rs 3.5 billion in a luxury housing project in Gurugram, in response to strong consumer demand. The company has partnered with an undisclosed entity that owns two land parcels, each approximately 2.4 acres, in Sector 15, Part 2, Gurugram.

Project details - First parcel: On a 2.38-acre plot, Alphacorp has launched a luxury high-rise project, 'Alphacorp SKY1', consisting of 100 units priced at Rs 50 million each. - Second parcel: The project on the second plot will be launched within the next 2-3 months. - Total apartments: 200 across both parcels.

Investment - Total investment: Estimated at Rs 3.5 billion, excluding land costs. - Funding: Through internal accruals and bank loans if necessary.

Insights "Gurugram, known as the Millennium City, exemplifies rapid infrastructure growth and dynamic urban development, attracting a diverse range of residents, businesses, and investors," said Santosh Agarwal, Executive Director and CFO, Alphacorp. He highlighted the strong demand for luxury housing in Gurugram over the past two years.

Portfolio Since its inception, Alphacorp has developed integrated townships, luxurious condominiums, corporate hubs, retail centres, and industrial parks across the National Capital Region (NCR), Punjab, Uttar Pradesh, and Gujarat. The company has completed around 12 projects to date, with six more under construction. (Source: ET)

Realty firm Alphacorp is set to invest Rs 3.5 billion in a luxury housing project in Gurugram, in response to strong consumer demand. The company has partnered with an undisclosed entity that owns two land parcels, each approximately 2.4 acres, in Sector 15, Part 2, Gurugram. Project details - First parcel: On a 2.38-acre plot, Alphacorp has launched a luxury high-rise project, 'Alphacorp SKY1', consisting of 100 units priced at Rs 50 million each. - Second parcel: The project on the second plot will be launched within the next 2-3 months. - Total apartments: 200 across both parcels. Investment - Total investment: Estimated at Rs 3.5 billion, excluding land costs. - Funding: Through internal accruals and bank loans if necessary. Insights Gurugram, known as the Millennium City, exemplifies rapid infrastructure growth and dynamic urban development, attracting a diverse range of residents, businesses, and investors, said Santosh Agarwal, Executive Director and CFO, Alphacorp. He highlighted the strong demand for luxury housing in Gurugram over the past two years. Portfolio Since its inception, Alphacorp has developed integrated townships, luxurious condominiums, corporate hubs, retail centres, and industrial parks across the National Capital Region (NCR), Punjab, Uttar Pradesh, and Gujarat. The company has completed around 12 projects to date, with six more under construction. (Source: ET)

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?