Released on: October 24, 2008, 4:53 am

Press Release Author: Richa Katiyar

Industry: Real Estate

Press Release Summary: Alpha G:Corp Development Private Limited is acknowledged as
one of the fastest growing professional companies in Indian real estate with
officially approved, ongoing projects spread over 30 million square feet. Alpha
G:CorpEUR(tm)s reputation for professional practices and customer care saw their first
premium, eco-friendly residential project, GurgaonOne becoming fully sold even
before excavation; handover to actual owners has been completed most satisfactorily.
They also undertook the development and comprehensive asset management of Golf View
Corporate Tower B in Gurgaon for the Indian corporate office of Ernst & Young. The 3
upcoming integrated townships in Haryana encompassing 450 acres, have recently
launched a festive sales scheme of free hold plots in namely, Alpha International
City (AIC) in Sectors 28-29 of Karnal, AIC in Sector 29 of Kurukshetra, and AIC in
Sector 4 of Fatehabad. Limited numbers of free hold plots in the prime sectors of
these towns are being offered during this festive scheme and is receiving
overwhelming response.


Press Release Body:

For Immediate Release

Alpha G:Corp Development Private Limited is acknowledged as one of the fastest
growing professional companies in Indian real estate with officially approved,
ongoing projects spread over 30 million square feet. Alpha G:CorpEUR(tm)s reputation for
professional practices and customer care saw their first premium, eco-friendly
residential project, GurgaonOne becoming fully sold even before excavation; handover
to actual owners has been completed most satisfactorily. They also undertook the
development and comprehensive asset management of Golf View Corporate Tower B in
Gurgaon for the Indian corporate office of Ernst & Young. The 3 upcoming integrated
townships in Haryana encompassing 450 acres, have recently launched a festive sales
scheme of free hold plots in namely, Alpha International City (AIC) in Sectors 28-29
of Karnal, AIC in Sector 29 of Kurukshetra, and AIC in Sector 4 of Fatehabad.
Limited numbers of free hold plots in the prime sectors of these towns are being
offered during this festive scheme and is receiving overwhelming response.

Anticipating demand from the increasing segment of new real estate buyers in
Haryana, especially women, youth and retired army and public officials Alpha G:Corp
has taken the initiative of offering the affordable booking amount of Rs. 1 lakh
during the festive scheme this year. There is a further special discount of 5% on
the Basic Sale Price for Serving/Retired Defense Personnel/Retired Government/PSU
officers and the physically challenged. The scheme would close on November 13, 2008.
Alpha G:CorpEUR(tm)s present initiative stems from their mission statement EUR" EURExpect the
FinestEUR.

The application forms are available from 50 branches of banks (HDFC Banks & HDFC
Ltd), and financial institutionEUR(tm)s (DHFL) branches across Haryana and Punjab. The
complete list of participating banks and financial institutions is available on
their website: www.alphagcorp.com. The Basic Sale Price for the projects, AIC,
Karnal is Rs. 8500/sq.yd.; AIC, Kurukshetra is Rs. 5500/sq.yd., and AIC, Fatehabad
is Rs. 5750/sq.yd. The other charges like EDC/IDC are as per applicable government
rates. The response has been enthusiastic because of which the allotment would be
held through a draw of lots that will be carried out within 60 days of closing of
the scheme. Successful applicants will be issued allotment letters within 30 days of
the draw of lots for each township.

In case of time linked plan, the payment plan is for 3 years with average 2
installments per year. This payment plan is along the lines of that established by
HUDA and this is the first time a private developer is offering payment plan of
three years with six installments payable every six months which coincides with the
time when the agricultural money is available in the market to facilitate farmers to
invest in a good living habitat. In case of down payment plan, a rebate of 9% would
be offered to the buyer.

Heralding a new way of life at affordable prices: The Alpha Life
HUDA has approved Alpha G:CorpEUR(tm)s integrated townships in these areas to herald
international standards of living, working and entertainment in Tier II & III cities
in Northern India. Alpha G:CorpEUR(tm)s developments in Tier II and III cities and towns
in Haryana are designed for world-class living. They are sensitive to the lifestyle
changes and the important environmental issues. Best environmental practices are
being undertaken so that the developments provide optimum healthy living environment
including world-standard education, healthcare, retail and commercial spaces. The
townships would have 12 to 45 meter wide roads lined with trees and pedestrian
walkways.

Other amenities at the integrated townships would include world-class hospital and
healthcare; international K-12 school; health club with swimming pool and sporting
facilities; state-of-the-art security system, police post, fire station, landscaped
playgrounds; inner township transportation facilities besides uninterrupted water
supply. The primary philosophy of the company is to hand-over projects after the
completion of infrastructure, thereby making them the first choice developer for
diligent buyers especially during the current downturn.

The Director & CEO of Alpha G:Corp, Mr. SK Sayal elaborated on the new, emerging
segment in real estate in the current downturn, EUREven though investors have taken a
backseat for now, the market is still vibrant for developers that stand for
professional diligence, quality and customer care because it is the end-users that
constitute the larger portion of the market today. In buoyant markets, all
developers do well. It is in the downturn that the natural selection process starts
and professional developers with industry-best standards and practices grow and gain
more recognition and trust from buyers. The basic principles of sustainable
development such as building configuration, energy use, water conservation, air
quality, maintenance, recycling and material specification are the key parameters
that should be integral to all good developments. Now is the time that we expect to
reap the fruits of our ingrained professionalism especially with our successfully
handed over projects in Gurgaon such as GurgaonOne and Golf View Corporate Towers as
also in Tier II cities such as Amritsar, Ahmedabad and in Tier III cities and towns
like Karnal, Kurukshetra and Fatehabad where work is in full progress due to the
increasing demand. For us demand is a function of not only the trust and confidence
that we have been able to generate but also the actual quality development work at
site which far surpasses the availability in the market. There has always been and
there will always be a demand for residential development; it is up to the developer
to be able to convert that demand through fair practices, quality work and timely
delivery.EUR

The decisions to locate these townships are based on vision, knowledge, experience
and due diligence. The companyEUR(tm)s integrated Alpha International City townships are
being developed in Karnal, Kurukshetra and Fatehabad after obtaining all required
licenses and permissions and are committing the delivery date in plot buyersEUR(tm)
agreements. In fact, in case of Karnal possession would be given in May 2009.

Speaking on the anticipated success of the festive scheme in Haryana, Mr. Prodipta
Sen, VP, Marketing & Corporate Affairs, Alpha G:Corp explained, EURWe have studied our
markets in Haryana and Punjab and expect an enthusiastic response to this latest
initiative, especially from the segment including working women, fixed-income class,
defense services and retired officials to whom we are offering a further incentive
of 5% discount. Besides it is a great investment opportunity for those looking for
affordable pricing in our townships as the same developments will find lucrative
deals when the townships are inhabited as in the case of HUDA Sectors 7, 8, 9 and13
in Karnal, Sector 3 in Fatehabad and Sectors 5, 7 and 13 in Kurukshetra where prices
have tripled even without the kind of infrastructure that one is putting in place
surpassing all official guidelines.EUR

At the recent Asia Pacific Real Estate Awards, 2008 in Shanghai, companies were
nominated for overall market contribution, quality of customer service, innovation
and commercial success. Alpha G:CorpEUR(tm)s GurgaonOne, was short-listed as the
semi-finalist under the Residential and Asia Pacific Sustainability Project of the
Year Award. While at Singapore, Cityscape Asia Real Estate Awards 2008 certified
Alpha G:CorpEUR(tm)s Golf View Corporate Towers that houses the Ernst & Young India
Corporate Office, as EURHighly CommendedEUR(tm) in the Best Developer Commercial Category.

This foreign direct investment company is developing landmark integrated townships,
city centre projects, commercial and residential projects spread across the country.


www.alphagcorp.com



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Contact Details: For further information or details please contact PR Grid:
Jitendra M Parmar/Ajay Garkal/Richa Katiyar: 911141431044, 41431455, 29249364,
09818410072, 09810632344