Gurgaon Based Developer AlphaG: Corp Launches phase III of GurgaonOne 84

Published: July 15, 2011

Alpha G:Corp Development (Alpha G:Corp), a Gurgaon-based real estate developer and a partner of Morgan Stanley, has launched phase III of its residential project, GurgaonOne 84. To be built at a cost of Rs 290 crore, the project is spread over 12.5 acres in Sector 84, Gurgaon, which is termed as New Gurgaon.

The CEO and director of Alpha G:Corp, SK Sayal, said, “Phase III of GurgaonOne 84 has been sold out in the first two days of the launch. We did not anticipate this kind of demand in Gurgaon. The brand presence was also high because of an earlier project of ours, GurgaonOne Sector 22, in which the investors saw a three-fold appreciation in the last three years. So, GurgaonOne 84 got a fillip from the earlier success.”

GurgaonOne 84, designed by ARCOP of Montreal, Canada, will comprise seven independent towers, each of over 19 floors and with combinations of two, three and four-bedroom apartments ranging from 1,181 to 3,194 sq ft. The project, with a total of 668 apartments, is divided into four phases. Phase I and II, launched in February, consisted of 439 apartments with a base prise of Rs 3,420 per sq ft.

Phase III of the project has been launched on July 1 comprising 109 apartments with a base price of Rs 3,800-4,000 per sq ft and the company claims to have sold out all the apartments within two days of the launch. Phase IV of the project would be launched sometime in October this year. The entire project is set to be completed in late 2014.

The project will have environment-friendly features such as waste management system, sustainable energy and water conservation, social and health facilities, professional facility management, amongst others.

“We have made efforts to develop self-contained buildings. The project has sewage disposal systems and the waste is used for project construction and manure. We also have rainwater harvesting facility. GurgaonOne 84 has been graded with Gold Rating by the ministry of environment because of the zero-discharge efficiency,” informed Sayal.

The project is in close proximity to the upcoming integrated transport hub, which would contain an inter-state bus terminal-cum-metro station, and the expressway connecting New Gurgaon to Delhi’s international and domestic airport terminals.

Source: Indian Realty News

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