Supertech To Offer Affordable Housing in Gurgaon

Real Estate Gurgaon at Makaan.com

People who were not able to find affordable properties in Gurgaon can now take a sigh of relief as Supertech a Noida based realty company plans to invest in Gurgaon real estate and flats in Gurgaon. The firm is looking to invest approximately Rs 2,000 crore in Gurgaon real estate in the next few years. The group plans to develop several luxury as well as affordable flats in Gurgaon. Recently Supertech has launched two projects in Gurgaon real estate . The company has acquired 400 acres of land in Gurgaon real estate. 

The group for the first time has hired a CEO, who will take care of the realtor's operations in the Millennium city. According to industry experts, this move showcases the importance the firm gives to developing proprieties in Gurgaon. The Millennium City is one of the largest and most important real estate markets in India. In the past few months the company had raised Rs 400 crore from a private equity firm Xander in order to finance its upcoming township that will offer flats in Gurgaon and affordable properties in Gurgaon. Although the company has a major presence in Noida Supertech is also now trying to set it footprints in Gurgaon. The companies also has a presence in Rudrapur, Meerut, Dehradun, Ghaziabad, Haridwar and Bengaluru.   

Currently Supertech has approximately 90 million sq. ft. land under construction in various segments such as residential, commercial as well as hospitality. The company has also recently announced a university in Uttarakhand. However a few months back Supertech faced a setback after the Supreme Court had ordered the builder to refund money of investors of it two towers in Supertech's Emerald Court located at Expressway Noida. Alongwith this the court has also directed the company to refund money to the investors with 14% interest compounded annually.