Looks like Noida will back behind Dubai in terms of getting tallest tower. Brys Group, delhi-based real estate firm has announced to develop a 300 meter residential tower in Sector 15 of Noida.
Sum of 1,000 crore is invested for this high-end luxurious projects which includes 285 premium flats and villas hoping to be complete in next 4 years. Obviously the buyers would be the net worth individuals who have the capacity and want to live in these apartments offering international facilities.
Rahul Gaur, chairman of Brys Group said, ‘’land is a fast shrinking commodity and there are issues related to acquisition. Vertical development is the only way to create iconic properties.’’ Further he said development and construction of tall structure is not an easy task. Considering the high court of these apartments, resale becomes extremely difficult that eventually forces short term investors to stay away from such projects. However, we are relying on end-users and not short term investors.
After Supertech’s launch this will be the second tallest building in NCR region offering 3 BHK, 4BHK, 5 and 6 BHK flats priced between 5 crore to 9 crores. the construction will begin in January next year and expected to be completed by 2016.
Posted: 29 Oct 2012 02:12 AM PDT
By Accommodation Times Bureau