SVP Builders to Invest Rs. 500 crores in Faridabad

SVP Builders announced that they are planning to invest Rs. 500 crores within the next 2 years to provide over 3100 flats across commercial and residential and also foray into healthcare industry by means of a multi-specialty 300-bed hospital in Faridabad.

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.

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.