A well-known and leading name in the realty sector, Gulshan Homz, has announced that it will be investing more than Rs.400 crore for the development of two residential projects in Greater Noida and Noida in the next three years.
Combining the two projects, the company will develop around 1900 housing units.
Gulshan Homz, with its office in Noida, has launched a housing project in the name of ‘Gulshan Botnia’ on Noida Expressway with 768 units covering an area of 5.3 acres where cost is around Rs.48 lakh per unit.
In one more project, which is in the name of ‘Gulshan Bellina’, developing in Greater Noida West, the company will be carrying out construction on 7 acre land with 1124 housing units.
The Director of the company has said a total of Rs.400 crore will be invested by the company on the development of these projects.
He is expecting the market to get back in its full form after the implementation of RERA and GST.
He has also clearly stated that both the projects have got all the mandatory approvals and are also RERA compliant with the aim of handing over the possession by 2020 to homebuyers.