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RPS Gp to invest Rs 600 cr to build WTC, Faridabad

RPS Infrastructure Limited

New Delhi, November 29, 2021: Real estate developer RPS Group will invest around Rs 600 crore to establish World Trade Centre in Faridabad, Haryana. The Group has tied up with Infrastructure group Viridian RED for this purpose.

Located at Sector 27C (adjacent to Badarpur Border), the upcoming World Trade Centre (WTC) Faridabad will be spread across 7.58 acres. It will have a total leasable/saleable area of one million sq. ft. that would be spread across 4 towers.

“We have tied-up with the Viridian Group to establish World Trade Centre at Faridabad. We are confident with a world-class Grade A office space, WTC will revitalize the commercial landscape of Faridabad and attract renowned and top-companies to Faridabad,” said Suren Goyal, Partner, RPS Group.

“The construction of WTC is progressing at a brisk pace and it will be delivered in phases beginning mid-next year. All our stakeholders including our channel partners are excited to partner with a renowned global player,” Goyal added.

Commenting on the tie-up with RPS Group, Ashwani Kapoor, Joint President, Customer Engagement and Distribution, Viridian RED said, “The global network of World Trade Centres has a proven track record in amplifying growth in respective locations and we are confident that our tie-up with RPS Group will throw up myriad opportunities that exist in this micro-market for our various stakeholders. With our collective effort amid rapid infrastructure development, Faridabad has all requisite to emerge as the new commercial hub in the NCR region.”

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As per the contours of the tie-up between RPS Group and Viridian RED, the land and construction cost of WTC Faridabad will be borne by RPS Group, while Viridian RED will be responsible for sales, leasing and post sales services.

Besides, the upcoming World Trade Centre, RPS Group is also developing one more commercial project at the same location.

Tren