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Gurgaon Property News: Gurgaon-based real estate firm Tulip Infratech Ltd plans to invest about Rs 2,500 crore over the next 3-4 years to develop five projects, which includes group housing and integrated township.
"We have identified three group housing projects and two integrated townships for development over the next 3-4 years. The project cost of all these properties would be about Rs 2,500 crore, including
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the land cost," company's managing director Parveen Jain told a news agency.
Of the five properties, four would be build in the state of Haryana, while one in Uttar Pradesh.
The company has already launched here its first project spread over 15 acre and comprising 800 flats at a cost of Rs 200 crore, he said and added that the other projects would be rolled out in the next six months.
The flats here are being offered to the customers at a cost of Rs 1,800 per square feet.
With the site being closed to KMP Expressway, Jain said the project would be able to generate interest among the end-users as well as investors.
Tulip Infratech would develop two integrated townships at Yamuna Nagar and Saharanpur (UP) each spread over 60 acre.
While the township at Yamunanagar would cost the company Rs 1,000 crore, the one at Saharanpur would be developed at an investment of Rs 700 crore.
by http://www.zeenews.com
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