AU Real Estate to invest Rs 1,200 cr to build 5.6-acre housing project in Ghaziabad

AU Real Estate is investing Rs 1,200 crore to develop a 5.6-acre housing project, Cosmos Corner, in Ghaziabad, Uttar Pradesh, with 831 residential units.

AU Real Estate on Monday said it will invest Rs 1,200 crore to develop a housing project in Ghaziabad, Uttar Pradesh.

According to a statement, the company has launched a 5.6-acre housing project, Cosmos Corner, in Siddharth Vihar, Ghaziabad, comprising around 831 residential units.

''The project is being developed with an estimated total investment of approximately Rs 1,200 crore and carries a projected revenue potential of Rs 1,600 crore upon completion,'' AU Real Estate said.

Ashish Agarwal, Director, AU Real Estate, said Siddharth Vihar is rapidly emerging as one of NCR's most promising residential destinations.

AU Real Estate is developing projects in Delhi-NCR.