Economic Times - Alpha Corp to invest Rs 1,000 crore in reviving ten stuck projects in NCR

Alpha Corp to invest Rs 1,000 crore in reviving ten stuck projects in NCR. By Economic Times

By Faizan Haidar, ET Bureau | Last Updated: Apr 05, 2021, 07:34 PM IST

Synopsis
With the help of the buyer associations in these projects, the company had submitted bids in the Delhi high court and NCLT.

Realty developer Alpha Corp will invest close to Rs 1,000 crore in reviving 10 stuck projects in Delhi-NCR, chief financial officer Santosh Agarwal told ET. With the help of the buyer associations in these projects, the company had submitted bids in the Delhi high court and NCLT. “All these projects are net worth positive and we just need to infuse funds to kick-start construction. We are awaiting final approval, following which we will start work,” Agarwal said.

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