BPTP launches housing project in Faridabad at Rs18-26 lakh

Realty firm BPTP has launched a housing project in its 1,500 acre township at Faridabad to be developed at an investment of about Rs150 crore, excluding land cost reported the livemint.

The launch of this project follows the robust response with over 5,000 bookings that the company received for its another housing project ‘BPTP Park Elite Floors’ in the same township, BPTP said. In May, BPTP had offered independent floors at a price range of Rs16-25.5 lakh.

Initially, the company would offer 600 premium apartments in the price ranging between Rs17.98 lakh and Rs26.64 lakh but could increase the number depending on the response from the end-users, a company official said.

“The construction cost for developing 600 flats would be about Rs150 crore,” he added.

BPTP Ltd, which was involved in India’s biggest land deal of Rs5,006 crore at Noida but had to withdraw later from the project due to liquidity crunch, has a paid-up land bank of over 2,000 acres.

It is undertaking various projects including integrated townships, housing and commercial complexes, shopping malls, IT Parks, SEZs and hotels.

Last year, the company sold 2,000 flats and more than 1,500 plots were offered for possession. Another 2,500 plots are being offered possession, the statement said.

• BPTP Park Elite