3C to develop housing project in Noida with 2,400 cr outlay

NEW DELHI: Real estate developer The 3C Company today said it will develop an affordable housing project over 41 acres of land in Noida with an outlay of Rs 2,400 crore.

Located in Sector 110 of Noida, Lotus Panache, the "green" project, would be jointly funded by realty-focused private equity fund Red Fort Capital, company's Director Vidur Bharadwaj told reporters here.

"Our recently-launched green residential Project - Lotus Boulevard, is a huge success, where we sold over 2,200 units in less than six months. Our latest offering, Lotus Panache, provides a new opportunity to meet this burgeoning market demand," Bharadwaj said.

Lotus Panache would be earthquake-resistant. The company has already applied for a green certification from the Indian Green Building Council.

The project will house facilities for sports, education, healthcare and recreation.