Realty firm SKA Group announced a substantial investment of nearly Rs 600 crore into developing a premium housing project in Greater Noida, marking a significant stride in its expansion strategy.
The company, known for its successful completion of four housing projects encompassing 3,200 units, is further amplifying its presence with two ongoing residential projects comprising 1,800 units and a commercial endeavor consisting of 600 units. These ventures span across the vibrant markets of Noida, Greater Noida, and Ghaziabad in Uttar Pradesh.
Introduction of ‘SKA Destiny One’ in Greater Noida
Underlining its commitment to excellence, SKA Group unveiled its latest housing endeavor, ‘SKA Destiny One,’ sprawled across 6 acres and boasting 645 meticulously designed units. Sanjay Sharma, Director at SKA Group, expressed confidence in the project, emphasizing its superior quality and strategic location in Greater Noida.
Each apartment in the project is priced between Rs 1.5 crore and Rs 3 crore, reflecting the premium offerings tailored to meet diverse lifestyle preferences.
Financing and Market Dynamics
With a keen eye on project execution, SKA Group affirmed its readiness to fund the venture’s Rs 592 crore cost, inclusive of land and construction expenses. Leveraging internal resources and customer proceeds, supplemented by a potential Rs 100 crore bank loan, the company aims for seamless progress towards the scheduled completion by 2029.
Despite the robust demand for housing in Noida and Greater Noida, SKA Group identified a gap in fresh supply, underscoring the project’s strategic significance in addressing market needs. Sanjay Sharma highlighted the sustained demand from end-users, a sentiment echoed by industry reports indicating a substantial uptick in housing sales across key cities, particularly in the Delhi-NCR region.
By aligning its investments with market dynamics and consumer preferences, SKA Group remains poised to redefine the residential landscape in Greater Noida, epitomizing excellence and innovation in the real estate sector.
Conclusion
In a landscape brimming with potential, SKA Group’s decisive investment in the premium housing project signifies not just a business endeavor but a commitment to enhancing the quality of life for residents in Greater Noida. With meticulous planning, superior craftsmanship, and a keen understanding of market dynamics. The company is poised to deliver a project that transcends mere brick and mortar, offering a lifestyle that embodies luxury, comfort, and convenience.
As the demand for housing continues to surge, particularly in burgeoning urban centers like Noida and Greater Noida, SKA Group’s strategic foresight positions it as a catalyst for positive change in the real estate sector. By fostering sustainable growth and fostering communities, the company not only shapes skylines but also enriches lives, leaving an indelible mark on the landscape of tomorrow.