Vikas Ecotech has ventured into the arena of Green-Enviro-friendly Infrastructure Development Projects in collaboration with Nice Apartment Constructions (a company engaged in Real Estate Development of Commercial and Residential Projects in Delhi NCR).
Vikas Ecotech has entered a collaboration arrangement wherein the company will be inducing 70% of the total Project Cost as the collaborator. The estimated Project Cost of targeted projects is about Rs 115 crore, including the cost of lands as well as the costs to be incurred for the Construction and Development of Commercial Buildings at 3 locations in Gurugram, Haryana.
Vikas Ecotech has induced Rs 40 crore during April 2023 in lieu of the payments accrued towards the land parcels acquired via auctions in this first ever project being undertaken under a collaboration, the remaining contribution of Rs 40 crore will be induced at appropriate stages in the project development.
Vikas Ecotech is engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.
