Yoo Hong Kong Enters into Joint Venture in Noida with Lotus Green

Yoo Hong Kong Enters into Joint Venture in Noida with Lotus Green

Lotus Greens Announces Development Spree in Noida. Real estate developer Lotus Greens is embarking on a major expansion in Noida, partnering with several reputed companies for new projects. Yoo Residences enters into a Joint Venture in Noida Sector 150 with Lotus Green to develop 876 unit residential project with a development potential of approximately 15 million sq.ft

Key Highlights:

• Four New Projects Planned:
  • Partnership with Yoo (Hong Kong) for an 876-unit project.
  • Collaboration with Shapoorji Pallonji (Mumbai) for a 1200-unit project.
  • Joint venture with Eldeco for an unnamed project.
  • Joint development with Saha Group for a 712-unit project.
• Project Launches: Expected within the next few months (names yet to be revealed).
• Existing Tie-Ups: Successful partnerships with Tata (2268 units) and Godrej (1090 units) with projects nearing completion (50% of phase 1 sold).

Development Strategy:

• Focus on greenfield area (Sector 150) with initial infrastructure development.
• Different partnership models for each project:
  • Development management deals with Yoo, Shapoorji Pallonji, and Tata.
  • Joint venture with Eldeco.
  • Existing joint venture with Godrej.

Project Sizes:

• Tata project: 29 lakh sq ft
• Godrej project: 21.7 lakh sq ft
• Shapoorji Pallonji project: 18 lakh sq ft
• Yoo project: 15.5 lakh sq ft
• Saha project: 16 lakh sq ft

Market Context:

• Noida’s land costs enable competitive pricing compared to other metros.
• The Shapoorji Pallonji project is expected to be one of their most affordable offerings due to Noida’s land rates.

Significance:

• Lotus Greens’ expansion plan positions them as a major player in Noida’s development.
• Collaboration with established brands like Yoo, Shapoorji Pallonji, Tata, and Godrej enhances project credibility and potentially attracts buyers.
• This development spree caters to diverse needs with projects ranging from 712 to 2268 units.

Additional Information:

• Yoo-Noida is Yoo Group’s second project in India.

This news update highlights a period of significant growth for Lotus Greens in Noida. Their strategic partnerships, diverse project offerings, and focus on affordability position them to capitalize on the Noida real estate market.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in