Realty Giant County Group Developing Projects worth Rs. 5000 Crore in Noida

The County Group, a renowned real estate developer, has recently disclosed its plan to invest a substantial sum of Rs. 5,000 crore in a new luxury housing project. The project, named 'Ivory County', is set to be established within this city over the course of the next five years. This investment is expected to bring significant advancements to the local real estate industry, and create additional employment opportunities in the region.

The group said in a statement that, it expects a sales realization of approximately Rs. 7,500 crore from the project wherein the investment would be done via self-funding, bank financing and customer advances for bookings.

Ivory County is a 28-acre housing project in Sector 115, with easy access to FNG, Noida, and Delhi-Meerut Expressways. The largest of its kind by the developer, it's an attractive investment opportunity for premium housing.

In the official statement the group quoted, "The group will be investing nearly Rs. 5,000 crore in next five years via self-funding, bank financing and customer advances for bookings with an expected sales realisation of Rs. 7,500 crore approximately."

It further mentioned that Ivory County is a real estate project with 2,372 units to be developed in three phases over five years, offering both Luxury and Ultra-Luxury dwelling areas. Ivory County and Ivory County 'Gold' will be located within the project.

The group declared that, the price range has been set at Rs. 14,000 per sq foot in Ivory County and Rs. 16,000 per sq foot in Ivory County 'Gold', with units ranging from 2,034 sq foot to 6,939 sq foot.

Previously, the real estate farm has constructed luxury residential projects such as Orange County, Olive County, Cherry County, besides Noida's first luxury project Cleo County, Ivy County, as well as Noida's first ultra-luxury project County 107.