New Delhi, May 12 (PTI) Realty firm VVIP Group will invest around Rs 800 crore to develop a luxury housing project in Greater Noida.

In a statement on Monday, VVIP Group said it has launched a new ultra-luxury project 'VVIP Addresses' at Sector 12, Greater Noida West.

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"With an investment of approximately Rs 800 crore, the project will comprise 350-plus premium residential units in a single-phase development," it said.

The project is spread over 5 acres. The company is selling units between Rs 3.49 crore and Rs 6 crore.

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Praveen Tyagi, CMD of VVIP Group, said, “There is a growing demand for luxury housing in the region, which reflects buyers' evolving preferences and a keen desire for a lifestyle that combines opulence, comfort, and connectivity."

VVIP Group has developed many projects in Delhi-NCR.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)