New Delhi, Jan 16 (GCBusiness) Realty firm Eros Group will invest Rs 250 crores to develop a new Luxury Housing Project in Charmwood Village, Faridabad, the company said in a statement.
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.
Avneesh Sood Director Eros Group said, We will invest around Rs 250 crores 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 Rs 100 cr to develop commercial and clubs in their ongoing housing project Sampoornam I at Greater Noida in Uttar Pradesh.
Previously, Eros Group has already invested Rs 125 crores to launch the second phase of the project Sampoornam I.