Eros Group to invest ₹200 cr for residential complex in Greater Noida - NBM Media Pvt. Ltd.

Eros group to invest for residential complex in greater noida

Eros Group has planned to invest ₹200 crore in Greater Noida, UP, to develop six residential towers in its project Sampoornam. The towers, comprising 378 units and 14,000 sqm in area, will be completed by early 2025 with a total sale value of around ₹200 crore. Additional ₹25 crore will be initiated for the launch of a community centre in Sampoornam called DOME. The company has projects worth over ₹8,000 crore in pipeline.

It has invested ₹100 crore in the commercial complex Sampoornam Mart which is spread over an area of 35,000 -40,000 sq ft built-up area. Both the sale and lease models have been adopted to monetise the project with a deadline of 2023.

Eros Group had announced the launch of Phase-II of Sampoornam-I for ₹125 crore with 258 units out of which it has handed over 200 units to buyers. The total sales value is around ₹125 crore. The company has also invested an additional ₹155 crore to buy James Hotel in Chandigarh (Sector 17) which will be soon operational as Hyatt Centric.

: Published: 17 August 2021

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