Monday, 17 June 2013

Avalon Group to invest Rs 370 cr over next three years on housing project Avalon Rosewood in Bhiwadi, Rajasthan

Avalon Group to invest Rs 370 cr over next three years on housing project Avalon Rosewood in Bhiwadi, Rajasthan

Avalon Group today said it will invest about Rs 370 crore over the next three years to develop a housing project in Bhiwadi, Rajasthan.

The 18-acre project 'Avalon Rosewood' is the company's seventh housing project in the city.

Comprising of total 1,350 apartments, the project cost is Rs 370 crore including land, construction and other expenses.

The company has launched the project at Rs 2,625 per sq ft, the total saleable area in this project would be 20 lakh sq ft.

The investment will be funded through internal accruals and advances from customers. The construction of the project would start in a couple of months and will be completed over the next three years.

Avalon Group is constructing over 4,500 apartments in six projects at Bhiwadi.


Besides Bhiwadi, Avalon Group has projects in Dharuhera and Vrindavan. The company also plans to enter into Gurgaon market. 

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