The 3C company known for conceiving and executing green development projects in and around Delhi is currently developing Oxygen SEZ involving an investment of Rs. 900 crore in Sector 14 area of Noida on the outskirts of Delhi. The project which is meant for the IT sector has plans to create 3.5 million square feet of green IT space of which one million is under construction and would be ready in the next three to six months.

According to the Director, Vidur Bhardwaj, the company hopes to complete the entire project within the next four years. The initiative is again to gain leadership in energy and environmental design certified building and has already signed lease deals for 50 per cent area under construction. The venture has received good response for its green residential estate, Lotus Bouleward, which is being developed at an outlay of Rs. 2000 crore at sector 100 in Noida.

He added that the company has already sold 1,250 units of the proposed 3,500 apartments in the project which is coming up on an area of 40 acres and in the next 21 months the company would be ready with their first batch of 400 apartments and within a period of 3 to 4 years the entire project will be completed. The equity component of the project is Rs. 250 crore and there is no debt. The project has three and four bedroom apartments with a varying price tag between Rs. 30 lakh to Rs. 50 lakh, he added.