close_game
close_game

CRC Group to invest 525 cr to develop luxury housing project in Greater Noida

Nov 06, 2024 05:05 PM IST

The company will develop 358 apartments in its new housing project CRC Maesta spread across 4 acres in Delhi NCR's Greater Noida West area

Noida-based CRC Group said on November 6 that it will invest 525 crore to develop an ultra-luxury residential project in Greater Noida.

Noida-based CRC Group said on November 6 that it will invest <span class='webrupee'>₹</span>525 crore to develop an ultra-luxury residential project in Greater Noida.
Noida-based CRC Group said on November 6 that it will invest 525 crore to develop an ultra-luxury residential project in Greater Noida.

The company will develop 358 apartments in its new housing project CRC Maesta, spread across 4 acres of land in sector 1 of Greater Noida West, also known as Noida Extension.

"The total investment in this project will be 525 crore," said CRC Group founder and CEO Kunal Bhalla, adding the investment includes land cost. He said that the total project cost would be largely met through internal accruals.

Also Read: Why real estate developers are launching a flurry of 5 crore-plus luxury apartments in Noida

CRC Group will perform the ground-breaking ceremony of this new project 'CRC Maesta' on November 9. It will deliver this project in 42 months. This is the fifth real estate project of the group.

CRC Group has collaborated with architect Hafeez Contractor for the project CRC Maesta.

Also Read: New Noida registration rules while buying an apartment: What homebuyers should know

The development includes 358 premium units across five towers of 29, 30 and 32 floors. The project features 3 and 4 BHK residences spread across 1720 sq ft to 2650 sq ft and spans approximately 3.65 acres. Prices start at 2.25 crore.

“Our new project is a significant step forward for CRC Group as we enter the ultra-luxury segment,” said Salil Kumar, director - Marketing and Business Management, CRC Group.

Project location

Located just minutes away from Noida’s key sectors 78 and 79 and close to the proposed metro station, CRC Maesta offers connectivity to major commercial and social hubs.

The company has so far completed two housing projects in Haridwar and Greater Noida West, comprising over 1,100 units. There are two projects that are currently under construction.

Get Current Updates on...
See more
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, December 09, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On