Supertech to invest Rs 2,500 cr in UP
The Hindu Business Line, December 28, 2009, Page 11
Realty firm Supertech today said it will invest about Rs 2,500 crore over the next four years to develop its various ongoing projects in Uttar Pradesh and Uttaranchal.
"We have more than ten projects in hand comprising group housing, integrated townships, hotels and shopping malls," Supertech Chairman and Managing Director R K Arora said.
These projects are located in Noida, Greater Noida, Ghaziabad, Meerut, Rudrapur, Moradabad and Haridwar.
Asked about the cost incurred on these projects, Arora said it would be about Rs 2,500 crore, including land, construction and other expenses.
The Noida-based firm will fund 50 per cent of investments through debt, he said, adding that the remaining would be managed through internal accruals and advances from customers.
Supertech is also looking at raising funds from private equity for its 51-acre integrated township at Meerut.
The Hindu Business Line, December 28, 2009, Page 11
Realty firm Supertech today said it will invest about Rs 2,500 crore over the next four years to develop its various ongoing projects in Uttar Pradesh and Uttaranchal.
"We have more than ten projects in hand comprising group housing, integrated townships, hotels and shopping malls," Supertech Chairman and Managing Director R K Arora said.
These projects are located in Noida, Greater Noida, Ghaziabad, Meerut, Rudrapur, Moradabad and Haridwar.
Asked about the cost incurred on these projects, Arora said it would be about Rs 2,500 crore, including land, construction and other expenses.
The Noida-based firm will fund 50 per cent of investments through debt, he said, adding that the remaining would be managed through internal accruals and advances from customers.
Supertech is also looking at raising funds from private equity for its 51-acre integrated township at Meerut.
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