SKA Group will invest Rs 400 cr in luxury housing project in Noida

24 Dec 2021 CW Team

According to sources, SKA Group plans to invest Rs 400 crore for developing a luxury housing project in Noida in the next five years. Recently, it has launched the SKA Orion project, which is spread across 3.5-acre land, having 508 units on the Noida Expressway.

Managing Director of SKA Group, Sanjay Sharma, told the media that the company had launched a new housing project in Noida, UP. The overall cost of developing the housing project is Rs 400 crore, from which Rs 300 is the cost of construction and Rs 100 crore is the land cost.

He said that the project funding would be through equity, internal accruals and advances from the homebuyers against sales.

The company has completed its four projects in Noida, Greater Noida and Ghaziabad, and five more projects are under construction.

He said that the company has launched 308 units at Rs 6,000 per sq ft and sold about 150 units to date.

Shamra expects the housing demand to remain strong in the coming years on the Noida Expressway, mainly after the announcement of the Jewar International Airport.

PM Narendra Modi laid the foundation stone of the Noida International Airport at Jewar.

As per a report by PropTiger, housing sales have increased by 1% in Delhi National Capital Region (NCR) at 4,458 units from July to September, compared to 4,427 units last year. Sales have increased by 58% from 2,828 units during the previous quarter.

Image Source

Also read: Real estate may see 5% price hike in 2022: Knight Frank India

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..