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County Group, a Delhi NCR-based real estate developer, announced plans to invest INR 5,000 crore over the next five years in the development of Ivory County, an ultra-luxury housing project located in Noida's Sector 115. This project, led by Amit Modi, Director of County Group, will have a total of 2,372 luxury apartments spread across 28 acres of land near the Faridabad-Noida-Ghaziabad (FNG) Expressway.
Divided into luxury and ultra-luxury segments named 'Ivory County' and 'Ivory County Gold,' the project will be executed in three phases. Phase one, comprising 1,500 units, has already been sold out. The investment will be funded through a combination of self-funding and bank financing, with an anticipated sales realization of approximately INR 7,500 crore.
Ivory County will offer apartments in various configurations, including 3, 4, and 5-BHK, ranging in size from 2,034 sqft to 6,939 sq ft. The starting price for Ivory County is set at INR 14,000 per square foot, while Ivory County Gold will begin at INR 16,000 per square foot. Notably, the ticket price for the smallest apartment is approximately INR 3 crore, with the largest ultra-luxury unit expected to cost around INR 12 crore.
Modi highlighted that a significant portion of bookings has come from buyers residing within existing County Group projects, as well as their acquaintances seeking a lifestyle upgrade. With a good track record in the real estate sector, County Group has delivered several luxury and midsize projects, including Cleo County, Ivy County, County 107, Cherry County, Orange County, and Olive County. The group has already developed approximately 160 lakh sq ft of space, with an additional 161.18 lakh sq ft currently under construction.
The choice of Noida's Sector 115 for Ivory County's location is strategic, given its proximity to the FNG Expressway, enhancing connectivity for residents. The project's revenue potential is estimated at around INR 7,500 crore, reflecting the demand for luxury housing in the region. The goal of County Group is to meet the demand for luxurious living spaces from premium buyers while maintaining its reputation as a developer of high-quality projects.
Ivory County and Ivory County Gold are designed to offer residents a luxurious lifestyle characterized by sophisticated amenities, spacious layouts, and elegant design elements. By paying close attention to detail, County Group hopes to build a residential community that surpasses expectations and establishes a new benchmark for luxurious living in Noida.
As construction progresses over the next five years, Ivory County is meant to emerge as a landmark destination for discerning homebuyers seeking unparalleled luxury and exclusivity. With its strategic location, impeccable design, and world-class amenities, the project is set to redefine the residential landscape of Noida and establish County Group as a premier developer in the region.
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