The deal between Gaur Group and NBCC regarding Aspire Centurion Park involves a collaboration for the development and execution of residential projects in Greater Noida West, specifically targeting stalled housing projects. This partnership is part of a broader initiative to revitalize the real estate market in the region, particularly focusing on properties that have faced delays.
Details of Aspire Centurion Park
Project Specifications: Aspire Centurion Park is a residential project developed by Gaur Group, covering approximately 12 acres with 11 towers. The project includes various unit sizes ranging from 2746 to 3360 square feet and aims to provide modern amenities such as a clubhouse and multiple lifts per tower.
Execution by NBCC: The National Buildings Construction Corporation (NBCC) has been entrusted with the execution of this project. NBCC’s involvement is significant as it is known for its expertise in managing large-scale construction projects and ensuring timely delivery.
Legal Backing: The project has received approval from the Supreme Court of India, which adds a layer of credibility and assurance for potential buyers. This legal backing is crucial given that many buyers are looking for security in their investments due to previous issues with stalled projects in the area.
Financial Aspects: The pre-launch price for units in Aspire Centurion Park was set at ₹9,375 per square foot plus additional charges, while the launch price was around ₹12,500 per square foot plus other costs. This pricing strategy aims to attract middle-income families and young professionals seeking affordable housing options.
Target Audience: The project primarily targets homebuyers who are looking for spacious living arrangements in a well-connected area with access to essential services like schools and hospitals.
Market Impact: This collaboration between Gaur Group and NBCC is expected to catalyze growth in the Noida real estate market by restoring buyer confidence through timely delivery and quality construction.
Flats in Noida Extension the partnership between Gaur Group and NBCC focuses on delivering Gaur Aspire Centurion Park as part of an effort to address stalled housing projects while enhancing the overall real estate landscape in Greater Noida West.
