HomeKraft cracks Rs. 500-cr realty project in Noida
Realty firm HomeKraft has decided to invest Rs 500 crore in developing its first project in Greater Noida, CEO, HomeKraft, Prasoon Chauhan, said elaborating that it is launching its first housing project Happy Trails in Greater Noida for which it has bought about 8.6 acres land where 1,239 flats will be constructed. The construction work will start next month and the project is expected to get completed in the next five years wherein the company is launching about 500 units in the first phase with price rates in the range of Rs 45-70 lakh depending on the size. These apartments would qualify under the PMAY scheme, wherein, various concessional schemes of government like interest subvention under credit linked subsidy scheme (CLSS), concessions on GST are available. Only last month, ATS group founder Getamber Anand launched a new venture HomeKraft to develop mid-income and affordable housing projects in a price range of Rs 30-70 lakh and that the company has already delivered nearly 30 million square feet of residential space, and 40 million square feet is underway, she claimed.
📅Published on:
27 April 2018
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