Delhi based, realty firm Arihant Group has announced an investment of Rs 250 crores in developing their first housing project in affordable segment, Arihant Abode, in Greater Noida West, said a press statement. The project will be located across 130 meter wide Noida – Greater Noida link road. The investment would be made through self-funding and customer advances.
The project will offer 2/3 BHK apartments with a variety of unit plans with their carpet areas ranging from 540 sq ft to 643 sq ft. The total built-up area of the project would be approx. 10 lakh sq. ft. that will house 11 towers with a total of 944 units.
Arihant Abode will enjoy easy connectivity to Noida, Greater Noida and NH 24 due to its strategic location. The residential project would be constructed using Aluminium Formwork Technology with in-house commercial shops, elevated club house, swimming pool, park along with Schools and Shopping Malls and much more amenities nearby. This project would also be a zero garbage society where the garbage would be converted into manure with the help of excel OWC composting machines.
Kaushal Jain, Managing Director, Arihant Group said “Noida/Greater Noida is primarily an end user driven market and hence have always had a sustained level of demand. Looking forward to the vision of Housing for All, Homes in affordable and mid segment budget is a must to fulfil the demand for housing in the country.”
Jain said, ”The project though in affordable category will be built with best of construction technology and will have all the world class amenities. The entire investment would be met through internal accruals and customer advances.”