3C Company has unveiled Rs 1,550 crore residential project - Lotus Boulevard
- in Noida, Delhi, on 6 August 2009. The project is likely to be funded by Red
Fort Capital, which has acquired 50 stake in it.
The residential project to come up on 40 acre is likely to have 3,000
residential units which will be developed in phases. Phase I is expected to have
900 residential units with unit areas ranging from 987 to 1,820 sq ft and is
slated to be completed by 2011.
The residential complex is expected to have various facilities, including
business centre, shopping malls and sports complex. The entire project is
scheduled to be completed in the next five to six years.