+
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)

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code