Chandigarh, Dec 10 (UNI) Sushma Group, a major realty player having multiple commercial and premium residential projects across Punjab, on Thursday announced that it will give possession of another 812 units in its ongoing seven projects during FY 2020-21.
Sharing the details of the projects Prateek Mittal, Executive Director of the company said, possessions include Sushma Valencia (160 units), Sushma Capital (200 units), Sushma ZRK 1 (90 units), Atelier (120 units), Sushma Grande (80 units), Sushma Crescent (22 units), and Sushma Joynest MOH 1 (140 units). Since April 1, 2020, the group has already given possession of 302 units in Sushma Joynest (122 units), Sushma Grande (61 units), Sushma Atelier (121 units) and Sushma Crescent (2 units) till now in FY 2020-21, he added.
To push these possessions, the Group has invested Rs 50 crore till date and plans to invest Rs 50 crore more this financial year. This amount excludes the investment that Sushma Group is doing for all other projects that are in various stages of construction, shared Mittal.
While talking about the Tricity’s (Chandigarh, Mohali & Panchkula) realty market, Mr Mittal says “ there is a lot of NRI population in neighbouring states of Punjab & Haryana. Post-Covid the scenario is likely to change further as many people have already migrated to tier-2 cities. The demand had already picked up before the onset of the pandemic, and goes on further northwards.”
The group has so far delivered 11 projects in the residential and commercial category.
