Betting big on Tier II and Tier III cities, FDI funded Real Estate player - Alpha G:Corp Development Private Ltd has plans to develop commercial, residential and mixed-use development projects in North India over the next 5 years. The total project cost for these projects in these cities would be about Rs 3500 crore. The project would be partly funded by the company, land owner under the Real Asset Management (REAM) model of the company.
It is worth mentioning that company’s business model entails undertaking of projects through acquisitions, joint venture development and Real Asset Management (REAM) that includes development and management.
Speaking to Business Standard, Alpha G:Corp, Director and CEO, S K Sayal said, “ We are focusing on Tier-II and Tier-III cities including Meerut, Jaipur, Amritsar, Ludhiana, Karnal, Hissar and Fatehabad. The new developments of the company would be integrated townships in Amritsar, Ludhiana, and Hissar, in addition to expanding existing developments in Karnal and Fatehabad besides mixed used development in Amritsar, Meerut etc.”
