County Group to develop Rs 5000-cr ultra luxury housing project in Noida, eyes Rs 7500-cr topline

financialexpress.com:

The County Group, North India’s leading real estate developer, on Wednesday announced the launch of a 28-acre ultra-luxury residential apartment complex — Ivory County — in Sector 115, Noida.

The group will be investing close to Rs 5000 crore in the project in the next 5 years via self-funding, bank financing & customer advances for bookings with an expected sales realisation of Rs 7500 crore.

Ivory County will have a total of 2372 units on offer and be developed in three distinct phases in the next five years. The project will be divided in luxury and ultra-luxury dwelling areas and both Ivory County and Ivory County ‘Gold’ will be within the four walls of the project.

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The County Group will be offering 1500 units in the first phase with an average starting price of Rs 14,000 per square foot for Ivory County and Rs 16,000 per square foot for Ivory County ‘Gold’. The flats will be offered in the price range of Rs 3 crore and Rs 12 crore approximately.

Talking about the project, Amit Modi, Director, County Group, said, “One of the biggest USPs of the project is its location. Ivory County is ideally located near FNG Expressway, Noida Expressway, Delhi Meerut Expressway as well as DND Flyover. It’s less than 20 minutes away from the heart of the Noida city. The project is targeted towards luxury and ultra-luxury end-users and we are elated that most of the bookings are from the buyers residing within the existing County Group projects or their friends and family looking for a lifestyle upgrade. As a group we have a legacy of before-time delivery since our inception and we look forward to keeping up the same tradition.”

Ivory County will be offering amenities like