GSRK Estates
Home Services Projects Media Center About Us Contact Us Download Career
19 SEZs in Telangana, Andhra P
Tax Benefit for 1st Home Buyer
NIMS-Rangapur building, 400 ac
Report seeks Rs. 750 cr. for d
Irrigation Projects in Mahaboo
State entrusts protection of g
Hyderabad IT investment region
AP proposes 400 Acre electroni
Andhra Pradesh inks MoUs for R
Govt cancels illegal layouts i
Companies and states oppose La
Land acquisition bill - Revise
HMDA master plan covering 6000
AP has the most number of SEZs
Peugeot may choose Chittoor to
MIC Electronics new LED produ
Mahindra to set up tractor man
Capgemini has more staff in In
Largest Single Building Office
BDL, NSG, Octopus, CRPF, NPA o
Show All News
Media Information
Logix Group to develop housing project in Noida

Published & Updated as on - 2010-02-22

Realty firm Logix Group today said it will invest Rs 1,000 crore to develop a 25-acre residential project in Noida over the next 3-4 years.

The project -- Blossom County -- would comprise 2,500 apartments, which the company will offer at a starting price of Rs 24 lakh. "The project will be developed in three phases and 800 flats in the first phase has already been sold out. We have earmarked a total investment of Rs 1,000 crore for the project," Logix Group Chairman and Managing Director Shakti Nath told reporters here.

The project, housing 2, 3 and 4 BHK apartments, is expected to generate a revenue of Rs 1,200 crore, he added.

Nath said the company would launch another housing project in Gurgaon in the next six months, but declined to give details. Besides, Logix Group is developing an IT/ITeS Special Economic Zone (SEZ) in Noida, comprising 12.5 lakh sq ft of area.

"We have got all necessary approvals for the SEZ and we will start the construction in three months. We will pump in about Rs 250 crore for the SEZ," Nath said.

Nath also said the company is looking to construct a 5-Star hotel in Noida consisting of 350 rooms and the project is expected to be finalised in the next six months.

Noida-based Logix Group has so far developed four million sq ft of IT/ITeS and other office spaces in the National Capital Region. The current net worth of the company stands at about Rs 1,500 crore.

Source: Business Standard 17/2/10

Newsletter Subscription
Copyright Reserve to © GSRK Estates 2009-10 | Privacy Policy | Disclaimer | Terms of Use | Site Map -- Web Technology ETimes (india)