• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Sunday, February 21, 2021
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Services

Supertech looking to sell 9 lakh-sq-ft office complex in Noida for Rs 1,000 Cr.

Donna Gilbert by Donna Gilbert
March 22, 2019
in Services
0
Supertech looking to sell 9 lakh-sq-ft office complex in Noida for Rs 1,000 Cr.
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

NEW DELHI: Realty firm Supertech is in talks to sells its office complex in Noida for around Rs 1,000 crore as it aims to cut debt significantly and save interest cost, sources said. the company has developed a 9 lakh sq ft office building in its 17.5-acre mixed-use project ‘Supernova’.

According to sources, Supertech is in advance stage of discussions with some potential buyers to sell this office complex, and the deal could be finalised soon.

READ ALSO

How to Check the Airtel Number?

What Should You Consider Before Choosing An Appliance Repair Service?

Earlier, the company had put on sale about 10 lakh sq ft retail space in the Supernova project.
Talks are on with interested parties to sell this retail complex, sources said, adding that sale of office complex is expected to conclude first.

Supertech also wants to divest its hotel properties at Rudrapur and Meerut comprising about 210 keys and has appointed some consultants to find buyers.
The company is looking to raise around Rs 1,500 crore through the divestment of retail space and hotels, sources said.

The total funds raised through the sale of office, retail and hotel properties would be used for reducing debt and meet the construction cost of ongoing as well as future projects.
Supertech has a total debt of around Rs 2,500 crore from banks and non-banking finance companies (NBFCs).
The company spokesperson declined to comment.
“We are looking to monetise our commercial space to raise funds for our ongoing projects and reduce debt,” Supertech Chairman R K Arora had said in October.
Indian commercial real estate has been performing well in the last few years because of huge interest from domestic and global institutional investors in rent-yielding assets.
The government’s decision to introduce Real Estate Investment Trusts (REITs) in India has also boosted the commercial segment.
Supertech had in December 2017 raised Rs 430 crore from Altico Capital to fund its ongoing housing project in Noida and repay debt. It had raised Rs 350 crore from L&T Finance in September 2017 to complete its ‘Eco-Village 1′ housing project, comprising 7,500 units, in Noida Extension.
In the 17.5-acre premium project Supernova, Supertech is developing five towers at an investment of around Rs 5,500 crore. The company has started delivery in two 44-storey residential towers comprising 575 units. In other towers, it is building studio apartments, a hotel and branded residences.
The entire project is expected to be completed in the next two-three years.
Supertech has delivered 40,000 units in the last 30 years and is currently working on 60,000 flats across 35 projects, mostly in Noida, Greater Noida and Gurugram.
The company also has projects in GhaziabadMoradabad Muradabad, Dehradun, Haridwar, Rudrapur and Bengaluru.

Related Posts

How to Check the Airtel Number?
Online Services

How to Check the Airtel Number?

February 20, 2021
What Should You Consider Before Choosing An Appliance Repair Service?
Services

What Should You Consider Before Choosing An Appliance Repair Service?

November 27, 2020
AI catches essay cheats with ninety% accuracy
Writing Service

AI catches essay cheats with ninety% accuracy

June 29, 2019
A Look at Valuation For Shares of Service Corporation International (NYSE:SCI) as VC Reaches 43
Writing Service

A Look at Valuation For Shares of Service Corporation International (NYSE:SCI) as VC Reaches 43

June 29, 2019
Ruckus Over A National Hiking Trail: A MoJo Interview With Writer And Conservationist Rick Bass
Writing Service

Ruckus Over A National Hiking Trail: A MoJo Interview With Writer And Conservationist Rick Bass

June 29, 2019
One Day at a Time Saved From Cancellation by using Pop TV
Writing Service

One Day at a Time Saved From Cancellation by using Pop TV

June 29, 2019
Next Post
Post Office Internet Banking Facility: How To Register, Services Offered, Key Details

Post Office Internet Banking Facility: How To Register, Services Offered, Key Details

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • How to Check the Airtel Number?
  • Rs 2,000 cr of unclaimed dividends lying with investor protection authority
  • SREI Group signs term sheet to acquire AMC business of Essel Group
  • Scientists successfully levitate objects with light
  • Security becomes a ‘smart’ business opportunity
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2020 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2020 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In