Alpha G:Corp Records Sales of Rs. 124 Crores in 3 Weeks of Festive Scheme for their 3 Integrated Township Projects

Press Release -- Kurukshetra

 

Alpha G:Corp Records Sales of Rs. 124 Crores in 3 Weeks of Festive Scheme for their 3 ‘Alpha International City’ Integrated Township Projects in Most Prime Sectors of Haryana

 

For Immediate Release

Alpha G:Corp has received exceptional response to their festive scheme of free hold plots in their 3 integrated township projects, which are in the most prime sectors of Haryana namely, the 88 acres AIC in Sector 29 of Kurukshetra; the 300 acres Alpha International City (AIC) Sectors 28-29 of Karnal; and the 55 acre AIC in Sector 4 of Fatehabad.

 

During the perceived downturn in real estate, they have recorded sales of over Rs. 124 crores under the ongoing scheme in these townships in the past 3 weeks. Talking about the company’s latest initiative in a sluggish market, Mr. S.K. Sayal, Director & CEO, Alpha G:Corp emphasized, “The response to our schemes for the 3 integrated townships is overwhelming. We had utilized the past 3 months to put in place the entire infrastructure for the townships, which will of course provide ideal living environment for our buyers, not just for their lifetimes but also that of their future generations. With this scheme, we are happy to validate our belief that due diligence and high professional delivery standards transcend market uncertainties. Our research before launching this festive scheme led us to expect a good response despite the general slowdown as the study clearly revealed that there is increasing aspiration and demand for more qualitative and wholesome lifestyles among adults as well as children in families of tier 2 & 3 towns. And while many people have the resources to acquire the homes of their dreams, these are not yet available in the current scenario. People here also see the investment opportunity by way of affordable pricing in our townships that are bound to find very lucrative deals when they are inhabited as happened in the case of our premium residential complex, GurgaonOne, where prices have appreciated by three times in the one year after delivery. Even in the case of HUDA Sectors 5, 7 and 13 in Kurukshetra, Sectors 7, 8, 9 and13 in Karnal and Sector 3 in Fatehabad, prices have tripled without the type of infrastructure that is in place in our townships, which would be benchmarks for the future.”

 

In order to fulfill the dreams of affordable housing for all, the company has offered the option of a nominal booking amount of Rs. 1 lakh during the festive scheme this year. There is additionally a special discount of 5% on the Basic <?xml:namespace prefix = st1 />SalePrice for Serving/Retired Defence Personnel/Retired Government/PSU officers as well as the physically challenged. In case of time linked plan, the payment plan is for 3 years with an average of 2 instalments per year. This payment plan is along the lines of that established by HUDA and this is the first time a private developer is offering payment plan of three years with six instalments payable every six months. In case of down payment plan, a rebate of 9% would be offered to the buyer. This will also coincide with the time when the agricultural money is available in the market to facilitate farmers to invest in a good living habitat.

 

The application forms are available from 50 branches of banks (HDFC Banks & HDFC Ltd), and 9 financial institution’s (DHFL) branches across Haryana and Punjab. The complete list of participating banks and financial institutions is available on their website: www.alphagcorp.com. The Basic Sale Price for the projects, AIC, Kurukshetra is Rs. 5500/sq.yd., AIC, Fatehabad is Rs. 5750/sq.yd. and AIC, Karnal is Rs. 8500/sq.yd. Theother charges likeEDC/IDC are as per applicable Government rates.There was tremendous rush at the counters of participating banks and there was even a shortage of forms recorded at some places. In case the present momentum of sales continues a draw of lots will be held and successful applicants will be issued allotment letters within 30 days of the draw for each township.

 

“We at Alpha G:Corp identified the opportunity in the city’s growing affluence. Alpha International City, Kurukshetra was conceived keeping in mind just this. The sector 29 site of the city is well connected and is conveniently located within 2 km of the proposed Ring Road and is near the highway that connects New Delhi to Chandigarh. For many, Kurukshetra conjures up images of the epic battle of Mahabharata and yet again for others Kurukshetra is the place to visit for the Maha-Kumbh Mela. The one million people who congregated here recently on this occasion convinced the Government of its tourist potential and they unveiled a Rs. 99 million plan to promote the city and bring to limelight the historical, religious and archaeological heritage of the place. This amount would be spent on strengthening the infrastructure, landscaping and conservation of the significant places of important heritage within a radius of 48 km of Kurukshetra as I have been given to understand. Anticipating a wave of consumerism, Wal-Mart, Spencers and Vishal Mega Mart have already opened stores here,” said Mr. Prodipta Sen, VP, Corporate Affairs & Marketing, Alpha G:Corp, speaking about the high appreciation expected in the region.

 

All 3 Alpha G:Corp integrated township projects have been duly approved by the Department of Town and Country Planning (DTCP). “I aspire to fulfill all the dreams of my children. My husband and I felt that the best place for our children to grow up would be in Alpha International City, Kurukshetra, where they can get the most comfortable and modern facilities of international standards and an urban environment to grow in,” shared Mrs. Mukesh Lata, an Homemaker in Kurukshetra. ‘Alpha International City’ integrated townships projects have been planned to be eco-friendly, with special emphasis on extensive greening, renewable energy, waste management and rainwater harvesting.

 

Latest development at Alpha International City, Kurukshetra include: Excavation work is nearing completion in Block A; Sewage line work is under completion in Block B; Sewage line and storm water line work is underway; Man-hole work is underway in Block B; Front road landscaping work is under progress; Mobilization of PCC material is in progress; Marketing and project office are functional at the site and Mobilization of electrical work is underway. The entire 88 acres integrated township will be handed over as per schedule in December 2009 thereby enabling the buyers to build their dream homes as per their personal schedule.

 

Alpha G:Corp is also in the process of finalising real estate sites for large-scale development in other cities, towns and townships with 100% Foreign Direct Investment.

 

www.alphagcorp.com

 

For further information or details please contact:

Jitendra M Parmar/Ajay Garkal/Richa Katiyar: 911141431044, 41431455, 29249364, 09818410072, 09810632344