Aliens Group awards Rs. 580 cr. contract to NCCCL

Hyderabad, 9^th March 2017: Aliens Group a renowned name in Hyderabad’s real estate market has recently finalized an Rs. 580cr. contract with Mumbai-based New Consolidated Construction Co. Ltd. (NCCCL). NCCCL constructed more than 100 million Sq.Ft. space to its credit. with 68-years of experience in the industry. The contract is to ensure the timely delivery of the project as communicated to the clients.

Aliens Group’s iconic project SPACE STATION has been given a boost by incorporating vendors from outside to complete the project on time to ensure timely delivery.  The developers have recently handed over 120 flats to its owners and would like to hand over the remaining flats in two phases. The company has also successfully shifted 100 buyers to phase one flat within the project, and in the process of sifting more owners with no extra cost.

The company has recently raising Rs.200cr. from Edelweiss, One of India’s leading financial services companies, this company has an asset base of over INR 32,000 crore, they recently joined hands to turn around the project. The company has raised this capital to fasten the delivery process of the residential units within the project so that the loyal customers need not have to wait longer for the possession. 

Mr. Hari Challa, MD, Aliens Group said, “This is a big step towards our commitments to the buyers who have invested with us. The company will be providing upgraded flats to our buyers which will be Rs. 800-1000 sq. ft. cheaper than the whole market in the present market scenario..”

Mr. Mahesh M, MD & CEO, NCCCL said, “ It’s a great opportunity to create a benchmark in Hyderabad’s market, we are also committed to the high standards we have set for our work and will ensure that we deliver quality work on time.”

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“Our company has also settled a dispute with many of our previous buyers and have so far paid Rs.10 cr. to multiple buyers in last few months. We are also compensating our existing 1200+ customers for the past delay by giving them free enhancement, upgraded fitments and moving forward with a positive mindset. The current market trend and new infrastructure developments around tellapur also suggest in favor of this move and new queries for property purchase have increased by manifolds for our luxury apartments.” added Mr. Naveen Mypala, Executive Director, Aliens group.