Alpha G:Corp has received exceptional response to their festive scheme of free hold plots in their 3 integrated township projects, which are in the most prime sectors of Haryana namely, 51 acres of Alpha International City (AIC) in Sector 4 of Fatehabad, the 88 acres AIC in Sector 29 of Kurukshetra and the imminent 300+ acres AIC in Sectors 28-29 of Karnal.

During the perceived downturn in real estate, they have recorded sales of over Rs. 124 crores under the ongoing scheme in these townships in the past 3 weeks.

Talking about the company’s latest initiative in a sluggish market, Mr. S.K. Sayal, Director & CEO, Alpha G:Corp commented, “The response to our schemes for the 3 integrated townships is overwhelming. We had utilized the past 4 months to put the entire infrastructure in place in Fatehabad, which will provide ideal living environment for our buyers, not just for their lifetimes but also that of their future generations. With this scheme, we are happy to prove again that due diligence and professional delivery standards go beyond market uncertainties. Our research before launching this festive scheme led us to expect a good response despite the general slowdown as the study revealed very clearly that there is an ever-increasing aspiration and demand for more wholesome and organized lifestyles among adults as well as children in families of tier 2 & 3 towns. And while many people have the resources to buy the homes of their dreams, these are not yet available in the current market. People here also see the investment opportunity by way of affordable pricing in our townships that are bound to find very lucrative deals once they are inhabited as happened in the case of our premium residential complex, GurgaonOne where prices have appreciated by three times in the past year after delivery. Even in HUDA Sector 3 in Fatehabad and Sectors 5, 7 and 13 in Kurukshetra and Sectors 7, 8, 9 and13 in Karnal prices have tripled even without the class of infrastructure that we have.”

In order to fulfill the dreams of affordable housing for all, the company has offered the option of a nominal booking amount of Rs. 1 lakh during the festive scheme this year. There is additionally a special discount of 5% on the Basic Sale Price for Serving/Retired Defence Personnel/Retired Government/PSU officers as well as the physically challenged. In case of time linked plan, the payment plan is for 3 years with an average of 2 instalments per year.

This payment plan is along the lines of that established by HUDA and this is the first time a private developer is offering payment plan of three years with six instalments payable every six months. In case of down payment plan, a rebate of 9% would be offered to the buyer. This will also coincide with the time when the agricultural money is available in the market to facilitate farmers to invest in a good living habitat.

The application forms are available from 50 branches of banks (HDFC Banks & HDFC Ltd), and 9 financial institution’s (DHFL) branches across Haryana and Punjab. The complete list of participating banks and financial institutions is available on their website: www.alphagcorp.com. The Basic Sale Price for the projects, AIC, Fatehabad is Rs. 5750/sq.yd.; AIC, Kurukshetra is Rs. 5500/sq.yd. and AIC Karnal is Rs. 8500/sq.yd. The other charges like EDC/IDC are as per applicable government rates. There has been a tremendous rush at the counters of participating banks and there was even a shortage of forms recorded at some places. In case the present momentum of sales continues a draw of lots will be held and successful applicants will be issued allotment letters within 30 days of the draw for each township.

“Of particular interest and assurance to the local community is the fact that Alpha G:Corp Development Private Limited is the first private developer in Fatehabad to launch an integrated township offering world-class facilities and infrastructure in Sector 4 of Fatehabad after receiving license and approved master plan from DTCP, Haryana. Right in the heart of the agricultural belt of Haryana is the town Fatehabad. It is well connected to Delhi, Chandigarh, Bhatinda, Hissar and Rohtak via NH10. Home to affluent farmers and landowners, this quiet and peaceful city is suddenly in the news due to various developmental activities surrounding it. The Government of India has announced plans to set up a nuclear civil power plant 20 km from our township. This proposed 1600 MW nuclear power plant is sure to stimulate investment in the region and thereby increase commercial activities. The announcement to set up the 20 Biomass-based power projects generating 183 MW in Fatehabad and neighbouring areas has also been welcomed by the local population. With so many projects being developed together, it is no surprise that a proposal to build an airport in the nearby city of Hissar has been conceived by the Government. Evidently Fatehabad has the makings of a great city to live in and is becoming a great investment destination,” elaborated Mr. Prodipta Sen, VP, Corporate Affairs & Marketing, Alpha G:Corp speaking about the high appreciation expected in the region.

“I was looking for a good investment opportunity in Fatehabad. Seeing the Alpha International City project developing so fast with all the Governmental approvals, I decided this was the best place where my investment would not only grow but would be 100% secure.” shared Mr. Balwinder Singh, Land owner and Agriculturist, Fatehabad. ‘Alpha International City’ integrated township projects have been planned to be eco-friendly, with special emphasis on extensive greening, renewable energy, waste management and rainwater harvesting.

All 3 Alpha G:Corp integrated township projects have been duly approved by the Department of Town and Country Planning (DTCP). The company has firmly secured the interests of the buyers by way of requisite bank guarantees to the Government in accordance to the Bye-laws governing the schedules and delivery standards of all their developments. All 3 Alpha G:Corp integrated township projects have been duly approved by the Department of Town and Country Planning (DTCP)

Latest development at Alpha International City, Fatehabad include: Fencing of the township is in progress; 24 Mtr. wide road work in progress; Footpath work and pavers’ installation work in progress at site and Horticulture development work in progress and the site office is fully functional. The integrated township will be ready for handover in June 2010 so that buyers can build their dream homes as per their schedule and convenience.

Alpha G:Corp is also in the process of finalising real estate sites for large-scale development in other cities, towns and townships with 100% Foreign Direct Investment.

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