In Gurugram, the renowned developer Alphacrop forays into a joint venture to develop a residential project. The company currently invested Rs. 350 Crore in the same.
According to the reports, Alphacrop will develop 500,000 sq ft on two land parcels. One is for 2.38 acres and the second is for 2.36 acres. The project layout exhibits 29 floors with 200 units at an estimated potential revenue of Rs. 600 crore.
Ashish Sarin, Director and CEO of Alphacrop said, “With GRIHA-certified 4 Star and IGBC Gold star ratings, this development not only offers a wealth of cutting-edge amenities but also reflects our dedication to integrate sustainable practices. Alphacrop SKY1 features apartments ranging from 2,400 to 3,600 sq ft. The project is expected to be completed within four years.”
The project ‘Alphacrop SKY1’ is well-positioned in Sector 15, Part 2 Gurugram.
“Gurugram due to rapid infrastructure growth and dynamic urban development is attracting diverse range of residents, businesses, and investors. With the upcoming Gurugram Metro expansions and well-planned flyovers set to enhance connectivity and reduce traffic congestions, the project is poised to establish a new benchmark in urban living,” said Santosh Aggarwal, Executive Director and CFO Alphacrop. Alphacrop developer has been in the real estate business for over a decade and primarily deals in the residential vertical. By far the company met with clients’ expectations and now it is into a joint venture to render a luxury residential project in Gurugram, the millennium city.
