Business Standard
Thursday, May 31, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Supertech to invest Rs 600 cr in housing project
Press Trust of India / New Delhi Dec 16, 2009, 21:35 IST

Realty firm Supertech today said it would invest Rs 600 crore in developing an eco-friendly housing project in Noida.

The Noida-based company would build 1,700 units in this project, which is spread over 12.6 acre located at Sector 137 in Noida.

"It will be an environment friendly project, including material used in construction," Supertech Director Mohit Arora said.

Asked about investment to develop this project, he said it will be Rs 600 crore, including land cost.

The investment would be funded through internal accruals and advances from customers, he added.

He said the company would sell apartments at a price ranging between Rs 22 lakh and Rs 1 crore. The construction work would start next month and the project would be completed in 30 months.

"The main idea is to build zero carbon emission and eco-centric development project by using special generators, machineries and ecological sanitation," he said.

Supertech is currently developing 10 projects in various parts of the country, including national capital region, Meerut and Moradabad. The company has delivered 10,000 apartments so far.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets post worst May performace since 2006
- FIIs net sellers of Rs 666 cr in cash mkt today
- Govt launches austerity drive, bans meetings in 5-star hotels
- Royal Dutch Shell, RPower to set up LNG terminal in AP
- ECB, EU officials warn euro's survival at risk
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Posted by: Vij_oo
Supertech limited has major issues on delivery, quality and legal complaince in all of their past projects. Be careful.
Posted by: jivindra
None of their project have completed on time. Do not trust any one from Supertech. Check yourseld before making any commitment.
Posted by: avs
Supertech has pathetic track record in all their projects till date. All are riddled with project delays and poor quality. Check with actual buyers in their projects before even paying nominal booking amount.
    Posted by: amit
supertech will nerver deliver project on time ans construction quality is major issue. pls read the document properly and make ammendment as per your requirment, if planing to buy...........
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NDA-led bandh turns violent in Bangalore
- Investors wary as Flipkart shows growth pangs
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Kingfisher Airlines Q4 loss more than trebles
- Wealthy clients turned tables on UBS and staff?
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us