Alpha G:Corp launches third phase of GurgaonOne Sector 84

Alpha G:Corp Development Private Limited (Alpha G:Corp) the NCR-based, FDI-funded real estate developer today announced the launch of the third phase of its group-housing condominium project, GurgaonOne Sector 84 (GurgaonOne 84).

The company opened sales for two, three and four bedroom apartments ranging from 1181 to 3194 sq ft and priced at Rs. 4,450 per sq ft.

To be built at a cost of Rs. 290 crore, GurgaonOne 84 is spread over 12.5 acres of prime land in New Gurgaon. The area is adjacent to the Dwarka Expressway, billed as the widest expressway in the country. Situated at a distance of 2.5 km from the Metro Hub and the Inter State Bus Terminal, the project enjoys a prominent and convenient location. Launched at a basic sale price of Rs. 3230 per sq ft in February 2011, the project has shown appreciation of 38 per cent in less than a year.

SK Sayal, CEO and Director, Alpha G:Corp attributed the success of GurgaonOne 84, to consumer confidence in Alpha G: Corp's projects. “The key concerns amongst stakeholders in the realty sector today are lack of transparency and timely delivery. To address these concerns Alpha G:Corp has pioneered a secure model of operation, Real Estate Asset Management (REAM),” said Mr Sayal. Under this model which payments received from customers are mandatorily transferred to escrow accounts dedicated to the development of the project. REAM is one of the major reasons which have helped Alpha G:Corp tide through tough market conditions and register positive sales.

Leading Montreal based architectural firm ARCOP has designed the project. GurgaonOne 84 will comprise seven independent towers. The project will feature facilities such as a club, swimming pool, cricket practice pitch, tennis courts, convenient shopping store, skating rink, basket ball court and community halls. The project draws its lineage from the original GurgaonOne in Sector 22, which was delivered in the year 2006 and stands apart as one of Alpha G:Corp's widely acclaimed projects. Work on the excavation of GurgaonOne 84 is complete and civil contracts have been awarded. HDFC, Deutsche First Blue, India Bulls and DHFCL are amongst the organizations which have tied up with Alpha G:Corp to offer home loan facilities to the current and prospective buyers of this project.

The company's earlier project, GurgaonOne, Sector 22, has won accolades at the CRISIL & CREDAI Real Estate Awards' 2010 as the best residential complex in Northern India.

The success of GurgaonOne Sector 22 has also lent market credence to the sequel project, GurgaonOne 84. Having received the Gold rating from the Ministry of Environment and Forests, GurgaonOne 84 is now gearing for a LEED (Leadership in Energy and Environmental Design) rating, an internationally accepted green building certification system.Alpha G:Corp has projects spread across the country covering an area of more than 100 million square feet. These include large-scale integrated townships, city centre/retail projects, commercial as well as residential projects. The company plans to focus on the NCR, tier II and tier III cities including Meerut, Amritsar, Ludhiana, Karnal, Hissar, Fatehabad Jaipur, Ahmedabad and Goa.

Source: http://www.indiainfoline.com/Markets/News/Alpha-G-Corp-launches-third-phase-of-GurgaonOne-Sector-84/5339812632