Maasters Infra Group, instituted by professionals and under the patronage of five-decade-old infra company K R A Engineers & Contractors, announced their first commercial project Maasters Capitol Avenue spread over five acre in Sector 62, Noida.
To be developed in a singlephase, the project will have office space and retail. The project's total area would be 10,00,000 sq ft to be completed in 42 to 45 months with an investment of around Rs 250 crore.
The company informed that the investment would be through internal accrual, and the total sales realisation from the project is between Rs 600 crore to Rs 750 crore.
The upcoming infrastructural developments in Noida are expected to stimulate the real estate market even further.
Multi-level parking lots in Sector 3 and Sector 16A Film City, Shaheed Bhagat Singh Park, Biodiversity Park, a shooting range and an indoor stadium in Sector 21A are among the infrastructure projects set to be completed in 2021.
The units in the project are priced between Rs 30 lakh to Rs two crore. The environment- friendly project will also have high-street retail and other facilities like food court, rooftop club, gymnasium and conventional centre.
The Group is also coming up with a residential project and one IT project.