County Group will invest Rs 850 crore in developing a 1.1 million sq ft of mixed-use commercial development, County Courtyard in Netaji Subhash Place, Pitampura in Delhi.
The project has 2 towers with 6 floors of retail stores and 38 office floors each, along with dine-out and entertainment spaces boasting 4 screen multiplex.
The project is being developed as a commercial, retail and entertainment hub which will have a 4.05m floor-to-ceiling height, automated smart lighting systems for maximum energy preservation, rooftop solar panels, break-out terrace on every floor, 4 screen multiplex and a food court besides ample open green spaces, availability of restroom facilities on all floors and maintenance amenities to support a large workforce.
In addition, investors will also have the flexibility to design office interiors according to their desired corporate themes, brand guidelines, brand colours or individual preference or taste, while the developer will take the onus for additional facilities and luxurious common areas.
“County Courtyard will be a single-phase mixed-use office-retail freehold commercial project. The project’s total cost is expected to be around Rs 850 crore, of which Rs 400 crore is the cost of construction and Rs 450 crore is the cost of land, the project will be delivered within next 3 years,” said Amit Modi, Director County Group.
“County Courtyard will be an uber luxury offering in terms of its features, amenities and project maintenance, but it’s the biggest USP lies in its ultra-prime location, since Netaji Subhash Place (NSP) is a prime commercial hub in North Delhi. Spread across 75 acres NSP attracts footfalls of over 150,000 visitors on a daily basis, besides several commercial and corporate establishments transforming it into a commercial realty hotspot,” Modi said.
Strategically located in the centre of Netaji Subhash Place in North Delhi, County Courtyard is close to intersecting Metro Stations (Red & Pink line) while being directly connected to the Ring Road for vehicular traffic, hence providing a vast catchment area residing in nearby areas like Punjabi Bagh, Pitampura, Ashok Vihar and Shalimar Bagh to name a few. Flanked by major vehicular arteries, it is seamlessly connected too and surrounded by major landmarks such as 5-star Hotels, Hospitals, Schools and Financial Institutions.
