The real estate firm, Supertech group said that it will invest 2400 crore capital over the next five years to develop a biggest township venture spreading over 140 acres of lush greenery land that this firm has acquired from Parsvnath Developers BSE 2.67 % at Gurgaon in Haryana. We have completed the best deal to purchase 140 acres land from Parsvnath Developers for about Rs 700 crore," MD Mohit Arora said in a statement. He added for the buyers that we would develop a largest township over many acres of landscapes.
It would develop approximately 1900 luxury flats and 1800 independent villas in this project, he said in the recent statement. Nearly 2400 crore will be invested for this township, MD said in the statement. We have done the process of payment for land and we will raise nearly 500-700 crore of bank debt to complete the construction cost. The real estate firm has decided the basic selling price of 4400-4750 per square feet deciding on the payment plan. It will be completed by 2020, so it will be the last year of the completion of the project.
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