"Country Group Commits ₹5,000 Crore for Luxury Housing Project in Noida"

Real estate developer County Group has announced its plans to invest ₹5,000 crore over the next five years in its latest luxury housing venture, 'Ivory County', located in Noida. The ambitious project, spanning 28 acres in Sector 115 near prominent expressways including FNG Expressway, Noida Expressway, and Delhi-Meerut Expressway, marks the developer's largest project in terms of area.

With an anticipated sales realization of approximately ₹7,500 crore, the investment will be sourced through a combination of self-funding, bank financing, and customer advances for bookings, according to a statement by the County Group.

'Ivory County' is set to offer a total of 2,372 units, developed across three distinct phases over the next five years. The project will feature both Luxury and Ultra-Luxury dwelling areas, with 'Ivory County' and 'Ivory County Gold' nestled within the project's premises.

The pricing structure for the project has been established at ₹14,000 per square foot in 'Ivory County' and ₹16,000 per square foot in 'Ivory County Gold', with unit sizes ranging from 2,034 square feet to 6,939 square feet, as outlined by the group.

County Group has a track record of delivering successful housing projects including Orange County, Olive County, and Cherry County, along with notable projects like Noida's first luxury offering Cleo County, Ivy County, and County 107, Noida's first ultra-luxury project.

BS