SVP Builders to Invest Rs. 500 Crores

SVP Builders India Ltd., a 2000-crore real-estate development company based out of Ghaziabad, National Capital Region, today announced that they are planning to invest Rs. 500 crores within the next 2 years to provide over 3100 flats across commercial and residential and also foray into healthcare industry by means of a multi-specialty 300-bed hospital in Faridabad.

“We have already acquired the land banks in NCR region which will facilitate construction of more than 3100 apartments, providing 50 lakh sqft of residential space and 2 malls providing 7 lakh square feet of commercial space by 2010.”, said Mr. V. K. Jindal, Chairman & Managing Director, SVP Group.

Among its major ongoing projects in the commercial sector is the stylish Opulent mall, the shoppers hotspot, Gateway Mall and in the institutional sector, the sprawling Vishveshwarya Group of Institutes for advanced specialized learning. In the residential sector, the company’s mark of excellence, innovativeness and resourcefulness can be seen in the form of Gulmohur Greens (targeted revenue of Rs. 500 crores from 1200 dwellings), is located just 8 km from Delhi next to Hindon Air Base and spread across 23 acres, Gulmohur Gardens (targeted revenue of Rs. 200 crores from 700 dwellings), is located on NH-58, next to Raj Nagar, spread across 15 acres, Gulmohur Towers (targeted revenue of Rs. 75 crores from 250 dwellings), is located in Chiranjeev Vihar, spread across 7 acres – all landmarks in modern and international living standards. These luxury homes come with international standards of housing, an eye for security, sprawling parking spaces, multi-tier swimming pools, to name a few.

SVP Group has always been amongst the first to initiate steps towards the infrastructure development of Ghaziabad and today SVP Group has been associated with being the pioneer towards making Ghaziabad as the financial capital of Uttar Pradesh.

The group has been responsible for building over 200 budget dwellings spread across Doodheshwar Apartments, Krishna Apartments, Krishna Residency, Krishna Enclave, 1200 middle income group homes across Park View Apartments, Krishna Vihar, Krishna Kunj and Shopper’s Square project at Raj Nagar and over 1500 luxury homes across the Gulmohur line of properties.

The future projects planned are Gulmohur Residency, a project providing 300 Service Apartments in Indirapuram, has a targeted revenue of Rs. 250 crores, Gulmohur Woods a residential project providing 1000 flats in Greater Noida has a targeted revenue of Rs.500 crore and its 300 bedded multi specialty hospital at Faridabad. These projects would result in additional 2000 apartments, providing 32 lakh sqft of residential and 10 lakh sqft of commercial space to be delivered by 2011.

“Our aim is to make real estate in NCR synonymous with SVP Group. That is the dream we want to realize and helping us is our group’s commitment towards customer satisfaction and timeliness of completion of projects”, said Mr. Sunil Jindal, CEO, SVP Group.

With their projects in both residential and commercial segments, SVP Group has been responsible for constantly changing the landscape of Ghaziabad. They have successfully completed 5 million square feet of construction in form of malls and shopping arcades, premium residential projects and budget housing complexes.

SVP Group has also identified that India’s economic growth is bringing with it a health transition, in terms of shifting demographics, socio-economic transformations and changes in disease patterns - with increasing degenerative and lifestyle diseases and altered healthcare behavior.

“The growing demand for the quality healthcare and the absence of matching delivery mechanisms pose a challenge and certainly a great opportunity. SVP Group is ready to foray into the healthcare market with its 300-bed multi-specialty hospital at Faridabad by 2009”, stated Mr. V.K. Jindal. Adding further he said “Providing health care services is a social responsibility initiative through which our aim is to provide the best in medicine, treatment and medical consultancy under one roof.”

About SVP Builders India Ltd

The SVP Builders India Ltd, which has been the pioneer in infrastructure development in Ghaziabad since 1992 is a 2000-crore real estate development company headquartered in Ghaziabad. The group is an ISO 14001-2002 certified company that is changing the face of Indian real estate with a unique approach to building and development. Focused on re-defining quality in living standards and lifestyles, the company combines state-of-the-art technology with research, expertise and experience to provide the best the world has to offer to both the residential and retail sector. This is reflected in its exhaustive list of impressive projects completed and in progress. It is counted amongst some of the most prominent and the largest developers in the NCR.

With their projects in both residential and commercial segments, The SVP Builders have been responsible for constantly changing the landscape of Ghaziabad. They have successfully completed 5 million square feet of construction in form of malls and shopping arcades, premium residential projects and budget housing complexes.

Over 200 budget dwellings spread across Doodheshwar Apartments, Krishna Apartments, Krishna Residency, Krishna Enclave, 1200 middle income group homes across Park View Apartments, Krishna Vihar, Krishna Kunj and Shopper’s Square project at Raj Nagar and over 1500 luxury homes across the Gulmohur line of properties.

SVP Builders is part of a bigger and diversified SVP Group that was founded in year 1992 in Ghaziabad, Uttar Pradesh. SVP Group has so far accomplished 10 projects worth over US$50 million. The use of high quality construction materials, timely completion and transparent documentation make them the first choice to their customers. SVP Group’s interest spans across residential and commercial spaces, education and hospitality industry verticals.

SVP Group’s current employee strength is 100+ and is headquartered in Ghaziabad, Uttar Pradesh. It was founded by Shri Lala Satpal Rai in 1984.