Alpha Corp to invest Rs 500 cr in 3 projects of Earth infrastructure

24 Jun 2021 CW Team

Real estate developer Alpha Corp Development Private Limited has announced the investment of Rs 500 crore in three stalled projects of Earth Infrastructure Limited following the National Company Law Tribunal’s (NCLT) approval of the real estate developer’s resolution plan.

The NCLT had approved the plan earlier this month, a ray of hope for more than 1,000 homebuyers who have been stuck in the projects since 2015.

According to the NCLT order, the insolvency process had begun in June 2018. Five projects of Earth Infrastructure were stuck. While the NCLT had permitted bidders to submit separate resolution plans for each project instead of asking them to submit one plan for the company.

The chief financial officer of Alpha Corp, Santosh Agarwal, said that the company will need Rs 150 crore to start the project, and for that, we will approach the banks and Special window for funding stalled affordable and middle-income housing projects (SWAMIH) fund. The project is estimated to be completed in the following three to five years.

Earth Copia, Earth Sapphire, and Earth Techone are the three projects which have been taken over by the company.

Earth Copia is a residential project in Gurgaon with more than 600 flats on Dwarka Expressway.

Earth Techone is a commercial project with a development potential of 2 million sq ft on the Yamuna expressway.

Earth Sapphire is a commercial and retail project spread over 1.5 million sq ft, in which almost 60% of the work has been completed.

Image Source

Also read: Nashik real estate sector gains momentum after months of inactivity

Infrastructure Urban

27 Jun 2026

RR Kabel features in Hurun India 500 list

RR Kabel has been featured in the 2025 Burgundy Private Hurun India 500, a list of India’s 500 most valuable companies. The list is compiled by Burgundy Private, Axis Bank’s private banking business, in partnership with Hurun India.The recognition highlights RR Kabel’s sustained growth, market leadership and long-term value creation in India’s consumer electrical sector. The annual list recognises companies that have contributed to India’s economic landscape through scale, performance and business value.The Burgundy Private Hurun India 500 ranks listed companies based on market capit..

Vedanta ranks among India’s top 100 workplaces

Vedanta Group has been recognised among India’s Top 100 Best Companies to Work For 2026 by Great Place to Work India. The recognition reflects the company’s focus on building a high-trust, high-performance and inclusive workplace across its businesses in natural resources, critical minerals, energy and technology.Over the past five years, Vedanta has enabled nearly Rs 25 billion in employee wealth creation through its broad-based Employee Stock Option programme. The company said the initiative is aimed at encouraging ownership and shared value creation across levels.Vedanta has also built ..

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 ..