Anxious to get back on a growth track, regain consumer confidence and revive the brand, real estate developer Supertech says it plans to spend Rs 1,500 crore in the current financial year, to expedite project completion.
It says it aims to deliver 15,000 units across projects in the National Capital Region, northern India and Bengaluru by March 2018. The money would come from customers' final payments, from those willing to pay on assurance of delivery.
R K Arora, chairman, said it had given delivery of 22,000 apartments in the past three years and hopes to clear the pending ones over the next