Successful Hand-over to Buyers of Phase-1 of Haryana's Largest Township with Pre-Planned Infrastructure & Plotted Development in the Landmark 306 Acres 'Alpha International City, Karnal'

Online, June 15, 2010 (Newswire.com) - The first phase of Alpha International City, Karnal (AICK), the post-modern, eco-friendly and fully integrated 306 acres township developed by real estate and asset management company, Alpha G:Corp is complete and the process of handover to individual buyers is in full swing. The first phase entails 141 acres of plotted development with post-modern infrastructure and amenities. AIC, Karnal is located in prime Sectors 28 and 29 of HUDA on National Highway-1, Haryana and is the largest and most modern residential development across categories in Haryana. The development was financed by Punjab National Bank and also partnered by leading financial institutions like HDFC Limited, LIC Housing Finance Limited and DHFL for home loans to buyers.

The 306 acres, Rs.1600 crores (US $340 million) international city in Karnal is one of the first truly world-class development by any real estate developer in a Tier-II city in India. AICK will provide a metropolitan and modern environment to residents with the integrated township being developed in planned phases where world-class infrastructure, advanced civic and leisure amenities, healthcare, schools, temple, security, retail, hotel and commercial establishments will make it a self-contained and benchmark township. The township comprises of plot sizes in sq. yards - 970, 500, 360, 250. The designated green area and landscaping will be spread over 100 acres.

The long-standing reputation and goodwill of the professional management team at Alpha G:Corp, and Alpha International City's prime location led to this mega development receiving an exceptional response whereby a public draw of lots for the first phase was conducted in Delhi in 2006 to allot plots in the fairest manner possible. Over 500 families have already been given possession in AICK, Karnal's most coveted habitat with doctors, bureaucrats, senior government officials, advocates, industrialists, scientists and agriculturalists forming the largest number of buyers. The sectors 28 & 29 where AIC, Karnal is located are the best sectors in Karnal, surrounded by over 1000 acres of permanent greens, including the lush green NDRI and NBAGR campuses, besides the picturesque Karna Lake and Atal Park.

Phase II of AICK will be launched soon comprising of plots as well as villa developments in 162, 250 and 360 square yards with post-modern specifications and highly viable designs available in options of composite and expandable villas.

The uniqueness of Phase II is that all external development works, including electrical and sewage systems, roads, avenues, parks and all common services of the township are complete. Phase II plots and villas will have ready water and electrical connections besides 'Alpha Centre', the community centre in the heart of AIC, Karnal, with facilities like squash courts, lawn tennis courts, swimming pool with separate splash pool for small children, a world-class multi-level gymnasium, billiards, table tennis, well appointed guest rooms and a beautiful banquet hall; facilities that will take recreation and interaction among residents to a new level. The launch of expandable villas designed by the renowned architects, Arcop of Montreal in Phase II will provide residents the freedom to build according to their needs and choice. This offering will also be backed through loans from leading banks and financial institutions. Global Education Management Systems (GEMS) of Dubai, the world's largest provider of private education in the K-12 segment has tied-up with Alpha G:Corp for an international school within AICK.

"Our township is a very attractive destination as it delivers the future today. We have taken all possible care to create an ideal and self sufficient eco-system with all the necessities of life within Alpha International City. The extensive research done by our team before launching and our offerings based on it led us to an exceptional response despite the general slowdown in the market then. The study revealed that there were ever-increasing aspirations and demand for more wholesome and organized lifestyles among families of Tier II & III towns. In our case, even people from Delhi and Chandigarh seized this opportunity for a second home in a premium destination. AIC, Karnal also provided NRIs with a viable and hassle-free option to invest in their country of origin. The appreciation in price since the launch for early buyers has been manifold due to these positive factors. We would like to thank our customers for their support and patronage in making Alpha International City, Karnal a huge success. We anticipate a similar overwhelming response at the launch of the 2nd Phase of this benchmark mega habitat," shared Mr. S K Sayal, Director & CEO of Alpha G:Corp.

Ideal Surroundings

Adjoining Alpha International City are large campuses of premier advanced educational institutes thereby providing the surrounding areas of the integrated township with expanses of permanent greenery and protection from unplanned urbanization. Touching NH1 from one end, Alpha International City is strategically located with 6 flyovers planned at all major intersections of the Karnal bypass on NH1 including the Liberty Chowk where AICK is located. The other entry from Indri Road is set to become a 4 lane road with quality development planned on both sides, including amusement parks, banquets and schools. Importantly, the 6-lane super expressway that is coming up from Panipat to Jallandhar will pass through AIC, Karnal. The reasons behind Alpha G:Corp's decision to select Karnal were based upon knowledge, experience, research and due diligence. Its location makes it a strategic gateway to the important states of Punjab, Haryana and Himachal Pradesh.

The township is designed with the ecological perspective. Efficient water harvesting systems have been used to maintain the ecological balance scientifically and systematically. Provisions have been made for uninterrupted water supply throughout the year from a single source of water through a specially designed high capacity bore well. A state-of-the-art water treatment plant will ensure superior drinking water. Besides, AICK has invested in Energy Conservation Systems, Segregation & Management of Waste -- Solid and Liquid, Vermiculture and a state-of-the-art Sewage Treatment Plant.

"Alpha International City, Karnal creates a harmonious balance of nature. We have handpicked hundreds of select trees and planted them strategically in the township such as roads, parks and urban greens. These are thoughtfully designed to ensure comfort and easy use by all age groups. The location of various structural facilities and amenities are most conveniently located and strategic and sustainable tie-ups will be formed with suitable national and international players and brands for their investment and services in the fields of infrastructure, education, healthcare, entertainment, shopping mall, hyper market, F&B and multiplex. Besides, work on the Temple at AICK is scheduled to start very soon. AICK as the largest world-class township in Haryana will soon be a benchmark in integrated developments," surmised Mr. Mukul Kumar, Chief Technical Officer, Alpha G:Corp. Alpha G:Corp's core team has a proven track record for excellence spanning more than 30 years and is widely recognized for pioneering global best practices, transparency and reliability in terms of quality deliveries in the industry.

Testimonials from Buyers:

1. "After visiting sites of other private developers as well as the HUDA sectors, we were very impressed with the quality of development at the site. We are also referring this project to our colleagues and friends," shared Dr. Nishakant Chopra, Scientist, IARI, Karnal.

2. "I have purchased a residential plot in Alpha International City, Karnal. My decision has been governed by its prime location, genuine rates, transparency in dealings and dependability," elaborated Dr. Dharambir Yadav, Scientist, HAU, Karnal.

Work is in full swing for their other integrated township in Haryana namely, Alpha International City (AIC) in Sector 4 of Fatehabad, which is spread over 51 acres. Alpha G:Corp has a 100% subsidiary, 'Alpha G:Corp Management Services Private Limited', to provide professional maintenance and facility management in all their projects, including AIC, Karnal. They recently launched their corporate blog, 'Alpha Connect', a timely innovation by a forward looking developer to connect interactively with customers and wider audiences.

In 2006 Morgan Stanley Real Estate in an exclusive agreement with Alpha G:Corp, invested Rs. 300 crores and the global major is now on the Board of Directors of Alpha G:Corp. After due diligence of prospective partners, Morgan Stanley focused on Alpha G:Corp due to the company's long-standing reputation of delivering landmark buildings, the professional management team and for their pioneering asset management models.

For more details please contact PR Grid: Ajay Garkal /Jitendra Parmar/Richa Katiyar
911141431044, 41431455, 29249364, 9818410072, 9810632344
www.alphagcorp.com & www.alphainternationalcity.com