Saya group plans Rs.400 cr realty project

    Saya group plans Rs.400 cr realty project
    Adding to its project portfolio in the real estate sector, Saya group has recently decided to build a new housing project at an investment of Rs.400 crore at Ghaziabad in the NCR region. The company will develop about 650 housing units with a saleable area of nearly one million sqft, in this project, located at Indirapuram, said, CMD Vikas Bhasin, adding that the group is coming up with a new project as there is a great demand for housing in this area. The company would launch this project after getting it registered with state regulatory authority, which has become mandatory under the new real estate law, RERA. The group’s Director (Finance), Manoj Jain explained that the total cost to develop this project is to be funded through internal accruals and bank debts and that this will be the group’s fourth residential project in the region and fifth across the country, he added.
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