A 255 metre tall residential tower is coming up in Noida which will be developed by Supertech, a realty firm, with an investment of Rs 600 crore. The tower according to the company will be the tallest in North India and will have 1,326 housing units which the company will offer at prices of up to Rs 2.25 crore. Mr. R K Arora while talking to reporters said that this tallest project in North India region which has been named ‘North Eye’ will have 60 floors and to develop the project the company will invest Rs 600 crore.
Mr. Arora said that internal accruals and advances from customers will be used to fund this project. Private equity players are also being roped in by the company to raise funds. Regarding the price of these housing units, Mr. Arora said that price per sq ft has been fixed at Rs 7,700 and prices will range from Rs 35 lakh to about Rs 2.25 crore. There will be 186 large flats and 1,140 studio apartments. The sizes of the flats will range from 1,650 sq ft to 3,350 sq ft. The apartments however will have a fixed floor size of 520 sq ft.
Mr. Arora said that internal accruals and advances from customers will be used to fund this project. Private equity players are also being roped in by the company to raise funds. Regarding the price of these housing units, Mr. Arora said that price per sq ft has been fixed at Rs 7,700 and prices will range from Rs 35 lakh to about Rs 2.25 crore. There will be 186 large flats and 1,140 studio apartments. The sizes of the flats will range from 1,650 sq ft to 3,350 sq ft. The apartments however will have a fixed floor size of 520 sq ft.
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