Supertech to invest Rs 800 crore this fiscal on construction; to deliver 10K flats in FY19

Supertech to invest Rs 800 crore this fiscal on construction; to deliver 10K flats in FY19
20/08/2018 , by , in News/Views

Realty firm Supertech will invest about Rs 800 crore this fiscal year on construction of various projects to achieve targeted delivery of 10,000 flats, a top company official said on Friday.

Noida-based firm is also eyeing its sales booking to rise to Rs 3,000 crore during 2018-19 fiscal on the back of improved demand especially from ready-to-move-in apartments, its MD Mohit Arora said.

Supertech has delivered 40,000 units in the last 30 years and is currently working on 60,000 flats across 35 projects, mostly in Noida, Greater Noida and Gurugram.

“We have started delivery in two 44-storey towers of our ‘Supernova’ project at Noida. This project has total five towers and is being developed at an investment of around Rs 5,500 crore,” Supertech Chairman RK Arora told reporters here.

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