Eros Group to invest Rs 350 cr in Delhi NCR property market
Edenwood Towers is a HRERA registered project
Realty firm Eros Group said it will invest Rs 250 crore to develop a new luxury housing project in Charmwood Village, Sector-39, Faridabad. The company, which is also into hospitality sector, will develop 76 units in the new project called ‘Edenwood Towers’. The company will meet project costs from internal accruals and advance payments from customers.
Spread over 2.662 acres comprising two towers with 76 apartments, the company has launched this project at carpet area 2057.11 sq-ft (approx.), and super area at 3389.00 sq-ft respectively.
The project will be adjacent to the company's existing projects like Eros Mayfair Tower, Eros Royale Retreat, Eros Kenwood Towers, and Eros Kenwood Towers, etc.
Avneesh Sood, director, Eros Group, said, "We will invest around Rs 250 cr over the next 2-3 years on this project. Edenwood Towers is a HRERA registered project and will be delivered in September 2023. The company will invest an additional Rs 100 cr to develop commercial and clubs in their ongoing housing project Sampoornam I at Greater Noida in Uttar Pradesh."
Previously Eros Group invested Rs 125 cr to launch the second phase of Sampoornam I.