Leading Builder in Noida, KV Developers to Invest Up to Rs 300 to Build 800 Flats in Next 3 Years

Online, March 26, 2014 (Newswire.com) - It's now easy to buy your own house. KV Developers, a leading real estate firm, has decided to make an investment up to Rs 300 crore to build 700-800 flats in a group housing project in Greater Noida over the next three years. This new mid-income group housing project will offer apartments between Rs 30 lakh-45 lakh.

Mr. Aman Agarwal, Director, KV Developers Pvt. Ltd., said "This would be our first project in real estate and we have already acquired the land. There will be an investment of Rs 250-300 crore in next three years."

Unveiling the details of the project, Mr. Agarwal said the project will be developed in a 5-acre plot. The construction will be started from August- September and it will complete in three years. The project will be having 2, 3 and 4 BHK apartments and the unit size will also vary between 850 sq ft and 1,500 sq ft. "On the basis of the size and location of the flat, the prices will vary between Rs 30 lakh- Rs 45 lakh," Agarwal said.

The company has already approached the concerned authorities to initiate development of the project.
The renowned architect C P Kukreja Associates has already been roped in for designing this new mid-income group housing project.

Divulging future projects detail, Mr. Agarwal said: "We are determined to capitalize booming opportunities in the real estate sector in the National Capital Region only. Our future housing projects are likely to include both premium and luxury segment." Soon KV Developers will acquire 25 acres of land each in Gurgaon and Noida.