SKA Group to develop Rs 592-cr luxury housing project in Greater Noida

financialexpress.com:

NCR-based SKA Group has announced its foray into the luxury segment and launched SKA Destiny One, its maiden luxury residential project located in Sector Zeta 1 in Greater Noida. The company plans to invest Rs 592 crore in the project.

SKA Destiny One offers 3 and 4 BHK units, priced in the range of Rs 1.5 crore to Rs 3 crore approximately. The basic sales price starts from Rs 9,500 per sq ft. It will be developed on approximately 6 acres of land. The land is purchased from the Greater Noida Authority and the entire land price is paid up. It will be ready in 5 years, and possession will be offered in 2029, according to the company.

“With the launch of SKA Destiny One, the SKA Group is excited about its foray into the luxury housing segment. It is to our credibility that within an extremely short period of time, SKA has not only become a distinguished real estate developer, but our projects have also garnered respect in the premium housing segment. Much of it is due to our emphasis on amenities, latest construction technology, construction quality, timely delivery and aspirational nature of our projects,” said Sanjay Sharma, Director, SKA Group.

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The project will comprise 645 units spreading vertically in 3 towers (Alpha, Beta and Gama). Alpha will have 34 floors, while Beta and Gama will have 32 floors each. Alpha Tower will have 133 units, while the Beta and Gama towers will have 256 units each. Approximately 1% of the constructed area will be dedicated to commercial activities.

SKA Destiny One, an IGBC Certified project, will be known for its upscale amenities, meticulously-designed common areas, green building feature, an aspirational club, swimming