AIPL to invest ₹987.25 crore in Dwarka Expressway project
NEW DELHI: AIPL, based in Gurugram, is set to invest ₹987.25 crore in the development of its residential project, Riviera, at AIPL LakeCity in Sector 103 along the Dwarka Expressway. As per the company’s filing with the Haryana RERA website, the project’s total estimated cost is ₹987.25 crore, which includes ₹183.72 crore for land acquisition and ₹456.54 crore for construction. Spanning 5.14 acres, Phase I of the project is projected to generate revenues of ₹1,500 crore. It will consist of two high-rise towers, each 43 floors tall, featuring 3 and 4 BHK units. The company has appointed Morphogenesis as the…