The real estate company, Eros Group has proclaimed to invest INR125 crore to create a new housing project in Greater Noida, Uttar Pradesh. The new housing project will be named as Eros Sampoornam I, as reported by the Indian daily news, CNBC.
The new project will be developed alongside the existing housing project, Eros Sampoornam, of Eros Group. Under the project, Eros Sampornam, the realty company has distributed 1,800 flats so far.
"After the successful delivery of 1,768 units at this location, we have launched a new phase of development. We will be developing a little over 250 units in four towers. The project will be delivered in 2023," Director of Eros Group, Avneesh Sood told the Indian daily news, CNBC.
The realty company has started this housing project at INR 3,800 per sq. feet and size of the housing units range from INR 835 to INR 1,560 sq. feet, Sood added.
"Eros has been around for more than 70 years and we have a legacy of providing the highest quality and excellence in our products. This new Sampoornam I project is a testament to that legacy," Sood told the Indian daily news, CNBC.
Other than increasing its footprint in the realty sector, Eros Group owns two hotels namely, Shangri-Las Eros and Eros Radisson Blu Hotel in Delhi NCR region. Furthermore, the company owns Vishal Cineplex, a movie theatre in West Delhi.