Noida-based green building developer 3C Company Thursday announced the launch of a Rs.1,550-crore green residential project in the national capital region.
Called Lotus Boulevard, the project will be funded by realty private equity firm Red Fort Capital, which in return will acquire 50 percent stake in the project. Red Fort Capital has already invested Rs.150 crore ($30 million) in the project.
'The project will be developed in various phases. The first phase would be ready for occupancy in the next 21 months,' said Brijesh Bhanote, senior vice president of sales and marketing.
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Source: India eNews, 2009-08-06, Link
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