Eros Group to invest Rs 125 crore in Greater Noida

Greater Noida: Realty firm Eros Group is going to invest Rs 125 crore to develop a new housing project in Greater Noida. The company, which is also into the hospitality sector, will develop 258 units in the new project called ‘Eros Sampoornam I’. The project will be adjacent to the company’s existing project Eros Sampoornam wherein 1,800 flats have been delivered.

“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,” said Avneesh Sood, Director, Eros Group.

The company has launched this project at Rs 3,800 per sq ft and the size of the units range from 835-1,560 sq ft. The company will meet project cost from internal accruals and advance payments from customers.