Alpha Corp invests Rs.350 crore & introduces Luxury Housing Project in Gurugram

                Alpha Corp, a real estate firm located in Gurugram, has unveiled Alpha Corp SKY1, a luxurious residential project spanning 2.38 acres in the millennium city. The company intends to 
invest approximately Rs.350 crore in this initiative, as stated on July 9th.
The corporation anticipates generating around Rs.600 crore in revenue from its latest high-end residential development in Gurugram, as per its announcement.
According to the company, the real estate firm plans to invest Rs.350 crore in developing the 2.38-acre project, with expected sales revenue totaling around Rs.600 crore. 
The company is constructing approximately 200 housing units within the 2.38-acre project located in Gurugram. Initially, around 40 units are being released for sale in the first phase. The 
project is slated to unfold in two phases, with subsequent phases expected to launch in the upcoming quarter, according to the company's statement.
Alpha Corp SKY1 offers apartments ranging from 2,400 to 3,600 sq. ft. with prices starting from Rs.4.5 crore and going up to Rs.5 crore and above. Construction on the project is 
scheduled to commence by September 2024, and the units are expected to be ready for possession within the next four years, according to the company's announcement.
In a joint development initiative, the company has partnered with landowners under separate agreements. The first land parcel spans 2.38 acres, while the second covers 2.36 acres. The 
overall development will encompass nearly half a million square feet, as disclosed by the company.
Alpha Corp has developments that include integrated townships, luxury condominiums, corporate centers, retail hubs, and industrial parks across various regions, including the National 
Capital Region (NCR), Punjab, Uttar Pradesh, and Gujarat.


Source : The Economic Time