AlphaCorp launches phase III of GurgaonOne 84

Financial Chronicle - New Delhi
July 14, 2011

AlphaCorp Development  (AlphaCorp), a Gurgaon based real estate developer and a partner of Morgan Stanley, has launched phase III of its residential project, GurgaonOne 84. To be built at a cost of Rs. 290 crore, the project is spread over 12.5 acres in Sector 84, Gurgaon, which is termed as New Gurgaon.

GurgaonOne 84, designed by ARCOP of Montreal, Canada, will comprise seven independent towers, each of over 19 floors and with combinations of two, three and four-bedroom apartments ranging from 1,181 to 3,194 sq ft. the project, with a total of 668 apartments, is divided into four phases. Phase I and II, launched in February, consisted of 439 apartments with a base prise of Rs. 3,420 per sq ft.

Phase III of the project has been launched on July 1 comprising 109 apartments with a base price of Rs. 3,800-4,000 per sq ft and the company claims to have sold out all the apartments within two days of the launch. Phase IV of the project would be launched sometime in October this year. The entire project is set to be completed in late 2014.

The CEO and director of AlphaCorp, S K Sayal, said, “Phase III of Gurgaon One 84 has been sold out in the first two days of the launch. We did not anticipate this kind of demand in Gurgaon. The brand presence was also high because of an earlier project of ours, Gurgaon One Sector 22, in which the investors saw a three – fold appreciation in the last three years. So, Gurgaon One 84 got a fillip from the earlier success.”

The project will have environment-friendly features such as waste management system, sustainable energy and water conservation, social and health facilities, professional facility management, amongst others.

“We have made efforts to develop self-contained buildings. The project has sewage disposal systems and the waste is used for project construction and manure. We also have rainwater harvesting facility. Gurgaon One 84 has been graded with Gold Rating by the ministry of environment because of the zero-discharge efficiency,” informed Sayal.

The project is in close proximity to the upcoming integrated transport hub, which would contain an inter-state bus terminal-cum-metro station, and the expressway connecting New Gurgaon to Delhi’s international and domestic airport terminals.

Highlighting the benefits of Gurgaon One 84, Sayal said, “The Gurgaon Master Plan 2021 has made the area a good prospect to invest in due to the planned ISBT and metro hub. The project is in close proximity to the Dwarka Expressway and the residents will have an experience of a zip-drive to the airport. We are building the project with a futuristic approach.”

Independent view

“Gurgaon’s Sector 84 is a strategic location, being easily accessible from National Highway 8 on Manesar Road and the upcoming ISBT and Metro depot. It is also a logical residential catchment for the near-yby industrial areas. Already home to landmark residential projects such as Antriksh Heights, Vatika Lifestyle Homes and the Coralwood, the location benefits from the availability of large healthcare and educational facilities and shopping centres. The proximity of the 3,000-acre SEZ at Sector 84 adds considerable investment potential.”


residential project, GurgaonOne 84
2014 Alpha Corp. All rights reserved.   Sitemap
Privacy Policy | Disclaimer            Best Viewed at 1024 x 768 RSS Feed of Gurgaonone 84 RSS