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ICCPL PROPERTY NEWS

COSMIC TO CRUISE IN GREATE NOIDA

 

Greater Noida: After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing enormous appearance of real estate developers for past few years. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in Greater Noida, and now after the approval of the metro route in Greater Noida; this region is ready to offer a complete package to a buyer.

This rapid paced development has pushed the government authorities to work upon the infrastructure development. After the development of roadways and electrical sub-stations, GNDA believes that METRO will boost projects in Greater Noida(West). With this kind of quick development, the demand for electricity and security will also increase manifolds in the region. In view of this, authority has also planned to give Rs. 500 crore to electricity department to upgrade power supply in the region. This approach of authorities to modernise the region has made developers to bring about their best as well.

Gone are the days of modern or luxury facilities, todays developer is stressing upon using the provided infrastructure and giving its best. They are coming up with ultra-luxurious, seven star facilities in their projects, where you have everything under one roof. From shopping arcades to malls, homes to offices, disco, pub, spa, banks, gymnasiums, medical facilities, etc. In view to this, another major realty player Cosmic Group has launched its commercial -cum- residential project in Greater Noida (west), Knowledge Park – V, known as “Cosmic Cruise”. The project has been spread across 10 acres of land approx. with an IT park in shape of a cruise, providing seven star facilities along with pick and drop shuttle facility to the nearest proposed metro station. The proposed metro station is said to be just one km away from the project. The company is offering office spaces, studio apartments, IT plots and premium villas; Studio Apartment @Rs. 5900 per sq. ft., Virtual Space  Rs.5750 Per sq ft (min. size of 100 sq ft and multiples) Unfurnished @ Rs.6000 per sq ft, Unfurnished Professional Office Rs.17.10 Lacs (210 sq ft), Unfurnished Corporate Studio Office Rs.27.90 Lacs (390 sq ft), Unfurnished Executive Office Rs.41.70 Lacs (620 sq ft) Retail Rs.9000 Per sq ft (Ground floor inventories of Restaurants, Spa, Food Courts, Salon, etc).

Sushant Mutreja, CMD, Cosmic Group says “Earlier, Greater Noida was a place only for industries and plants & machinery and it was regarded unsafe plus, difficult to reach. With so much of development carried out on infrastructure and connectivity, this place now has everything that a resident would require. Now, even Noida and Delhi have become extremely close, so investors feel to invest in what is new & best and this has driven people to invest here. There are several housing projects underway here; these will get the most benefit out of the recent approval for metro connectivity”.

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