County Group Invests Rs 5,000 Crore in Ivory County

Real estate developer County Group is embarking on a significant venture with a Rs 5,000 crore investment in the opulent housing project 'Ivory County' situated in Sector-115, Noida. This substantial outlay will be disbursed over the course of the next five years, strategically planned for phased development.

Spanning an expansive 28-acre area, 'Ivory County' is set to feature 2,372 units, delineated into three distinct phases. Its prime location near the FNG Expressway, Noida Expressway, and Delhi-Meerut Expressway positions it as County Group's most expansive housing project to date. The development will cater to both luxury and ultra-luxury segments, offering Ivory County and Ivory County 'Gold' within the project complex.

The pricing strategy reflects the exclusivity and grandeur of the project, with units in Ivory County priced at Rs 14,000 per sq. ft. and those in Ivory County 'Gold' at Rs 16,000 per sq. ft. Unit sizes range from 2,034 sq. ft. to 6,939 sq. ft., ensuring a diverse range of options to cater to varied preferences and requirements.

County Group anticipates a substantial sales realization of approximately Rs 7,500 crore from the project. The investment will be financed through a combination of self-funding, bank financing, and customer advances, underscoring the developer's commitment to ensuring the project's success and meeting the discerning demands of luxury homebuyers.

News by Rahul Yelligetti