Economic Survey 2017-18

Wellworth Realtech likely to invest Rs 106 crore in its Delhi-based Residential project

News

Wellworth Realtech, the Delhi-based company is likely to invest Rs. 106 crore to construct 4.5 lakh sq. ft. residential project situated in Chandanhola.

On 11th February, the firm has already applied for environmental clearance in regard to the same project.  However, the application is under-process in the Ministry of Environment, Forest and Climate Change.

The project is planned to be developed on a land parcel of 2.68 acres and the company has estimated that a cost of Rs.106 crores will be incurred to complete the project. The Wellworth Realtech is planning to develop two towers that will comprise of 197 apartments.

The company has allocated Rs. 97 lakhs for environment management in the project.

The company is in the business of construction from past 12 years and Mehar Chand Tanwar, Kanwar Singh Tanwar and Dinesh Tanwar are presently the board of directors of the same.

The recent Annual General Meeting [AMU] of the company was held in the year 2014 and the company has updated its fiscal figures with the Ministry of Corporate Affairs in the same year.

The company also has a capital of Rs 1.0 lakhs and it has 100% paid-up capital of Rs. Rs 1.0 lakhs.