Amrapali Adarsh Awas Yojna records sale of 3,000 flats in 20 days

What came as a surprising revelation for real estate firm Amrapali Group is the overwhelming response received by its new affordable housing scheme Adarsh Awas Yojna in Greater Noida West for government employees.

The project witnessed a sale of 3,000 apartments within 20 days of its launch. The new affordable housing scheme Adarsh Awas Yojna by real estate firm Amrapali Group has broken all records for them by recording a sale of 3,000 flats in 20 days of launch of the project. The project is located at Greater Noida West and is built for government employees.

The overwhelming response has delighted the company which is now planning to increase the number of flats that it will deliver under this scheme. Amrapali Group said that it was initially planning to construct 5,000 apartments but owing to the response, the firm has decided that it will now build 10,000 2 and 3 BHK apartments. Anil Kumar Sharma, chairman, Amrapali Group said that due to phenomenal buyer's response, a new unit size of 895 sq ft has been introduced further bringing down the minimum cost to Rs 20 lakh.

Adarsh Awas Yojna township is proposed to have a cricket stadium of its own along with an MS Dhoni's cricket academy, a 150 bed multi-specialty hospital, two lakh sq ft of commercial area, six nursery schools and two secondary schools, as reported by the company in a statement. Amrapali has tied up with property brokerage firm Investors Clinic for marketing the project.

Amrapali Group emerges as India’s leading real estate developer

India has a much diversified market segment when it comes to real estate industry. There

 are those consumers for whom having their own house is a necessity. They are running on string-tight budget and prefer affordable housings. Then there is a segment of consumers for whom having a house is more than a need. For them, it’s a way of living; a bundle of luxury, conveniences and comfort. Catering to all the verticals of consumers is one real estate group in India- Amrapali Group. The group has been credited with largest number of affordable housing projects in India and has also completed various high-end luxurious products.

Dr. Anil Kumar Sharma the CMD of Amrapali group says that Amrapali group is expected to witness the highest demand across mid and high end segment units in Noida and greater Noida region. Today, Amrapali group is synonymous with commitment in quality and has more than 50 projects in 24 cities across all over India. They have been using various marketing activities along with attractive discounts for the buyers. The Amrapali group has built residences in Noida, Greater Noida, Gurgaon, Jaipur, Indore, Kochi, Nagpur, Lucknow and Bihar.

Dr. Anil Sharma  says that government should implement polices at the earliest to create a level playing field for the developers of various sizes. Government officials have been doing a good job and we are quite pleased by the initiatives taken up by them on both commercial and CSR front. The collective vision is to create twin cities as the most preferred location for home buyers and within due course of time and efforts of developers like us, the vision is now seeing the light of the day.” Amrapali Group is one of the largest developers of housing in Noida and Greater Noida region and they have set eyes on the delivery of over 30,000 units in near future.

They have already delivered more than 11,000 housing units.Amrapali Group is confident of delivering because it owns Asia’s largest precast factory which spread across 25 acres of land and is currently running out over 50 lakh sq ft of building area which is equivalent of rising 30 towers. This technology reduces delivery time and project cost as compared to conventional technology.

"Amrapali Group ready to develop Rs 2,000 crore housing project for govt staff' says CMD Anil sharma

Realty firm Amrapali group  today said it will develop 10,000 affordable homes in Noida Extension for government employees at a cost of Rs 2,000 crore.

The company launched 2,000 flats in the first phase in a price range of Rs 22-30 lakh. It has tied up with property brokerage firm Investor Clinic for marketing of this project.

“We are coming up with an affordable housing project for the serving and retired government employees. About 40 acres land has been set aside for this project in our 100 acres township in Noida Extension,” Amrapali Group CMD Anil Sharma told reporters here.

Sharma said the company would develop 10,000 apartments at a cost of Rs 2,000 crore.
The first phase of the project ‘Amrapali Adarsh Awas Yojna’ has been launched at the basic selling price of Rs 2,280 per sq ft, which is lower than the existing market price in this area.
Size of the flats would be in a range of 975 sq ft to 1,300 sq ft.

Sharma said the company has reduced the profitability and has also passed on some part of the historical appreciation in land prices.

Amrapali Group said it would use pre-cast technology and aluminium work to construct this project and complete it within 36 months with a grace period of six months.

On pricing strategy for the next phases of this project, he said the rates could be slightly higher to offset any rise in construction cost.

Investor Clinic CEO Honey Katiyal said: “It is indeed a very good opportunity for us to promote the technologically advanced project of Amrapali Group who is already a market leader in affordable housing segment.”

Noida-based Amrapali group is developing many housing projects in Noida and Greater Noida.

source: http://www.financialexpress.com/article/economy/amrapali-to-develop-rs-2000-crore-housing-project-for-govt-staff/174423/

Amrapali Group announces to develop 10,000 affordable homes in Noida Extension for government employees

We are pleased to announce "Adarsh Awas Yojna" dedicated to serving and retired government employees at very affordable prices. This will certainly boost up government’s vision of providing “Housing for All” by the year 2022. That project is open to all who are looking to buy a flat but the attractive buy would be for Government employees who can avail attractive discounts on our existing prices." - Dr. Anil Kumar Sharma, Chairman & Managing Director, Amrapali Group