With growing demand of the housing units around the NCR it has made many realtors to join hands to give rise better dwelling comforts to its consumers. According to the sources of www.propertykhazana.com Ansal API is accompanying with Sushant Megapolis for a mega construction site of 2504 acre naming it by Gautam Budh Nagar. It falls by side of both Noida and Uttar Pradesh. The project has already stepped to its initial stage with completion of first phase measuring a land mass of around 500 acre in July 2008. The next phase is recently launched over 600 acres. Gautam Budh Nagar is all installed with plotted proposal, built-up residence including villas and floors, group housing plan. It also makes plots for commercial and entertainment zones.
It is been confirmed by the Chief executive Officer – Dinesh Gupta of Megapolis that the coming up project will be effective to accommodate around 2,00,000 individual after completion. The construction work is in full swing and around 80 percent will be completed with in next 9 to 11 months. But for the second phase of construction it may absorb another 2 – 3 years of time. He also confirms that the duo has already started the setting for the third phase of estimation. Coming to the financial avenue of the of site, Gupta declares that the prior to the present scenario the funds of the project has increased a bit including all the expenses of land and construction which will be turned to around Rs 7000 crore to Rs 8000 crores. The entire set up is expected to get over by another six to eight years. The base rate of the Gautam budh Nagar might touch Rs 2100 per square feet for various range of apartments by coming months along with other commercial plots to touch much higher rate due to additional charges of market inflation.
Source: NIMMA BENGALURU
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