This realty firm to invest Rs 450 cr in 4 housing, commercial projects
New Delhi: Realty player Sushma Grp will invest Rs 450 crore in four residential and commercial projects in Kasauli and Zirakpur. Two projects are commercial- Metropol in Zirakpur and Empiria in Zirakpur. The other two are residential projects- Belleza in Zirakpur and Elementa in Kasauli.
The investment will be made by the company through internal accrual and sale proceeds, the company said in a statement.
Residential project Belleza will have 3BHK and 4BHK luxury flats. It will be spread over 11.4 acre and total built up area will be of 1,818,322 square feet. The investment in this housing project will be Rs 180 crore.
The 7 acre commercial project ‘Empiria’ will have a built-up area of about 1,352,863 square feet ft. The investment in the project will be Rs 130 crore.
Metropol will be spread over 4 acre and the investment in the project will be Rs 90 crore. It will have built up area of 945,307 square feet.
Elementa will be spread over 4.4 acre and the investment here will be Rs 50 crore.