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Realty firm Eros Group will invest ₹250 crores to develop a new Luxury Housing Project in Faridabad

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Eros

The company will meet project costs from internal accruals and advance payments from customers. 

Realty firm Eros Group said it will invest ₹250 crores 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. 

Spreading over 2.662 acres comprising 2 towers with 76 lavish apartments, the company has launched this project at Carpet Area 191.11 SQ.MT / 2057.11 SQ.FT (approx.), Balcony Area 32.20 SQ.MT/346.60 SQ.FT (approx.) and Super Area 314.87 SQ.MT / 3389.00 SQ.FT (approx.) respectively.

The project will be adjacent to the company’s existing renowned 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 ₹ 250CR over the next 2-3 years on the development of this project, after the successful delivery of various housing projects in this location, we have launched a new phase of development. ‘Edenwood Towers’ is a HRERA registered project and it will be delivered in September 2023.

He further said the company will also invest additional ₹100CR to develop commercial and clubs in their ongoing housing project Sampoornam I at Greater Noida in Uttar Pradesh.

Previously Eros Group has already invested ₹125CR to launch the second phase of the project Sampoornam I. Eros Group is a 70-year-old company and has two hotels — Shangri-La’s Eros in central Delhi and Eros Radisson Blu Hotel in Faridabad, Haryana. It also runs Vishal Cineplex in West Delhi.

About Eros Group:

Eros Group is a Real Estate giant in India. It is a well-known Construction Company with special strength in and around Delhi.  With over half a century of proficiency and experience, it is known for its quality and distinction. The Group has created some of the most pioneering episodes of Real Estate promotion and town planning in the country for over 60 years.  Started with properties worth Rs.13000 in 1940s, the Group now boasts of having projects worth over 4000 crores in the pipeline. With time, the Group has also ventured in various other sectors than Real Estate and proved its forte in all the new sectors. 

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