SVP Builders to invest Rs 500 crore in NCR | INRnews
"We have already acquired the land banks in NCR region which will facilitate construction of more than 3100 apartments, providing 50 lakh sqft of residential space and 2 malls providing 7 lakh square feet of commercial space by 2010.", said Mr. V. K. Jindal, Chairman & Managing Director, SVP Group.
Among its major ongoing projects in the commercial sector is the stylish Opulent mall, the shoppers hotspot, Gateway Mall and in the institutional sector, the sprawling Vishveshwarya Group of Institutes for advanced specialized learning. In the residential sector, the company's mark of excellence, innovativeness and resourcefulness can be seen in the form of Gulmohur Greens (targeted revenue of Rs. 500 crores from 1200 dwellings), is located just 8 km from Delhi next to Hindon Air Base and spread across 23 acres, Gulmohur Gardens (targeted revenue of Rs. 200 crores from 700 dwellings), is located on NH-58, next to Raj Nagar, spread across 15 acres, Gulmohur Towers (targeted revenue of Rs. 75 crores from 250 dwellings), is located in Chiranjeev Vihar, spread across 7 acres - all landmarks in modern and international living standards. These luxury homes come with international standards of housing, an eye for security, sprawling parking spaces, multi-tier swimming pools, to name a few.
SVP Group has been responsible for building over 200 budget dwellings spread across Doodheshwar Apartments, Krishna Apartments, Krishna Residency, Krishna Enclave, 1200 middle income group homes across Park View Apartments, Krishna Vihar, Krishna Kunj and Shopper's Square project at Raj Nagar and over 1500 luxury homes across the Gulmohur line of properties.
The future projects planned are Gulmohur Residency, a project providing 300 Service Apartments in Indirapuram, has a targeted revenue of Rs. 250 crores, Gulmohur Woods a residential project providing 1000 flats in Greater Noida has a targeted revenue of Rs.500 crore and its 300 bedded multi specialty hospital at Faridabad. These projects would result in additional 2000 apartments, providing 32 lakh sqft of residential and 10 lakh sqft of commercial space to be delivered by 2011.
"Our aim is to make real estate in NCR synonymous with SVP Group. That is the dream we want to realize and helping us is our group's commitment towards customer satisfaction and timeliness of completion of projects", said Mr. Sunil Jindal, CEO, SVP Group.
With their projects in both residential and commercial segments, SVP Group has been responsible for constantly changing the landscape of Ghaziabad. They have successfully completed 5 million square feet of construction in form of malls and shopping arcades, premium residential projects and budget housing complexes.
SVP Group has also identified that India's economic growth is bringing with it a health transition, in terms of shifting demographics, socio-economic transformations and changes in disease patterns - with increasing degenerative and lifestyle diseases and altered healthcare behavior.
"The growing demand for the quality healthcare and the absence of matching delivery mechanisms pose a challenge and certainly a great opportunity. SVP Group is ready to foray into the healthcare market with its 300-bed multi-specialty hospital at Faridabad by 2009", stated Mr. V.K. Jindal. Adding further he said "Providing health care services is a social responsibility initiative through which our aim is to provide the best in medicine, treatment and medical consultancy under one roof."
By INRnews Correspondent