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By: AVADHESH TRIPATHI Realty firm Supertech Ltd on Wednesday announced an investment of Rs two,000 crore to develop a housing project in Noida. It's also looking to lift up to Rs one,000 crore through private equity at entity or comes level. "We tend to will invest Rs a pair of,000 crore to develop a residential complicated -- Supertech Cape Town Noida in two phases. The 50-acre project will have seven,000 units," Supertech chairman and managing director R K Arora told reporters here. The Noida-primarily based firm would offer flats in an exceedingly worth vary of Rs 23.5 lakh to Rs 60 lakh. It has fastened the selling worth at Rs two,990 per sq ft. Arora said the company is at gift building 16 comes, which would involve an investment of Rs 10,000 crore over the subsequent three years. When asked about the source of funding, he said: "It would be done through internal accruals, advances from customers and debt from banks". The Noida-primarily based firm would offer flats in an exceedingly worth vary of Rs 23.5 lakh to Rs 60 lakh. It has fastened the selling worth at Rs two,990 per sq ft. Arora said the company is at gift building 16 comes, which would involve an investment of Rs 10,000 crore over the subsequent three years. When asked about the source of funding, he said: "It would be done through internal accruals, advances from customers and debt from banks". Besides, the corporate is wanting at raising foreign direct investment, which could be at an entity or projects level, Arora said. "Our aim is to boost up to Rs 1,000 crore through sale of equity at project or company level," he added. He said some foreign funds are interested in choosing up stake at various projects, while some are willing to possess a share within the company. "At project level, the stake dilution might vary, however we tend to can dilute up to 25 per cent at the company," Arora said, adding Supertech is at gift held entirely by the promoters. He said the company can finalise the deals among next 3 months. Asked if the company would think about raising fund via an initial public supply (IPO), Arora said: "We have a tendency to have started making ready for an IPO but it will take some time. We tend to could come back with the IPO in the next one-and-a-[*fr1] Supertech introducing quality into every aspect of the Company ranging from Process, Human Resource, Technology and Services to create an all-encompassing quality culture. With Quality Consciousness and quest for continuous upgradation for ultra modern life-style and luxurious living standard. Our clients’ interests are paramount priority for us. We want all our clients' investment to be safe & profitable. 8 - Well planned (2,3,4 bedroom) apartment towers spread over a green area, Cape town from Supertech is one of the best housing developments in the city. Cape town will comprise of upscale, well appointed apartments with modern conveniences such as a clubhouse, jogging track, swimming pool and more A world-class leisure and residential community spread out over approx 50 sprawling acres Capetown has been envisioned as a complete, self-contained campus area built around the best of facilities where every home is designed to the most demanding standards . -: Cape Town Highlights :- • Metro Connectivity • Well connected • No delays in possession • Affordable • 100 Acre adjoining city greens • Sports facilities • Health club Price List "Supertech Cape Town" Price and Sizes Type------------Super Area (sq ft)----- Basic Sale Price(Rs.) 2BR-2T ---------890 sq ft--------- 26.61 Lac 2BR-2T----------1082 sq ft--------32.35 Lac 3BR-3T----------1150 sq ft--------34.39 Lac 3BR-3T----------1295 sq ft--------38.72 Lac 3BR-3T----------1505 sq ft--------45 Lac 3BR-3T----------1625 sq ft--------48.59 Lac 4BR-4T----------1945 sq ft---------58.16 Lac 4BR-4T----------2385 sq ft -------71.31 Lac For Layout Plans and Availability, Please Call *****Avadhesh- Don't Miss the Opportunity. Select the Best Location Today. Thanks & Best Regards SOFTPOINT PROPMART AVADHESH TRIPATHI ----------9212020200, 9313616166 NAVNEET SHARMA -------------9313051510 D-15. SECTOR- 6 NOIDA-201301 Email ids- softpointpro@ End
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