3 Projects in Noida will get launch by CRC Group, Projected Revenue of Rs 3500 crore.

By Bricksnwall | 2023-10-25

3 Projects in Noida will get launch by CRC Group, Projected Revenue of Rs 3500 crore.

The CRC Group is currently building projects that cover an area of 72 lakh square feet in total. According to the corporation, it has also partnered with Jaypee to build an opulent apartment complex overlooking a golf course.

With an investment of roughly Rs 750?Rs 800 crore, NCR-based real estate developer CRC Group would build a Grade-A IT/ITES integrated premium commercial complex named "The Flagship" along the Noida?Greater Noida Motorway. The deal is expected to generate a top line of roughly Rs 1200 crore for the corporation. In addition, the real estate company intends to create two projects of high-end residential properties, with an overall goal of earning Rs 2300 crore.

The project will cover 11 acres in Uttar Pradesh's Noida sector 140A along the Noida-Greater Noida Motorway, according to Kunal Bhalla, the founder and CEO of CRC Group. It will have a total built-up area of about 24 lakh square feet.

The company plans to use 12 lakh square feet for office space, 4 lakh square feet for retail space, and 102 service apartments out of this 24 lakh square feet of development. Bhalla stated, "We'll lease the retail space and sell the office space." A high-street retail market area will also be a part of the project, and internal accruals will be used to finance the improvements. The project is expected to be finished in April 2027."

At present, the CRC Group is working on projects that encompass 72 lakh square feet in total area. Additionally, the business and Jaypee are building a high-end, ultra-luxury home complex with a view of a golf course. This opulent project, which is located in sector 128 of Jaypee Wishtown, is expected to bring in over Rs 1500 crore.

Similarly, in Sector 1 Greater Noida West, the CRC Group will begin construction on the second phase of CRC Sublimis, a previously completed housing complex. With an estimated 800 crore rupees in earnings, this project would also be luxurious.