Property Guru & NCR Group Launches Noida Start UP Yojna

Noida based consultancy company, ‘Property Guru‘ in collaboration with realty company NCR Group, has launched ‘Noida Start Up Yojna’, wherein any commercial property purchase if planned, will be made available at a cost of Rs. 12 lakhs. The project company claims to be an initiative to support government’s plans of Make In India, Digital India and Start Up India.

This scheme is being made exclusive for the project Auriel Towne which is all set to be developed as a mixed-land use project, where the commercial part is been launched on Wednesday. The total area of the project is 10 acres/40,500 sq. mtrs. approx., where residential part will comprise 3.25 lakh sq. ft. and 12 lakh sq. ft. for the commercial development. The commercial setup will offer approx. 1,000 units of corporate studios in two sizes of 345 and 380 sq. ft., 500 retail spaces in six sizes varying from 115-285 sq. ft., 900 office spaces in three unit sizes, 315, 365 and 410 sq. ft., along with a hospitality division. The current starting price for retail shops stands at Rs. 10,000 per sq. ft., Rs. 3,999 per sq. ft. for office spaces and Rs.11,90,000 for corporate studio space. The company plans to deliver the project by December, 2020. All the documents relating to land ownership and commencement of construction are duly met, and the land is itself approved by GNIDA. There is a special scheme for CA’s, Doctors, IT Professionals, Lawyers and Industry consultants. The registration amount for the property will be Rs. 5,100 with availability of property purchase without any bank loan.

Speaking on the launch occasion, Vikas Sahani, CMD, Property Guru said, “Real estate sector in India offers huge potential in terms of job opportunities and entrepreneurship. By coming out with this project along with such a unique Start Up scheme, we plan to offer a business dream to those who believe real estate sector has better returns than any other business in our country.”