Delhi-based real estate developer and asset management company, Alpha G:Corp, key coalition associate in the pan-India conglomerate. G:Corp, has signed up a joint venture with property-owner in Punjab to conceptualize, design and develop the impressive Alpha One mega project in Amritsar. It will be spread over twenty five acres on G.T. Road. Alpha G:Corp was allotted the mega project status since it submitted the most superior development plan. The initial investment will be two hundred seventy crores rupees in the Ist phase and this is going to be a destination centre encompassing retail, entertainment, luxury hotel and stand-alone boutiques on a total space of 2 million sq. ft. The features in Phase 1 also include a two hundred room luxury boutique hotel under the brand name Ishta from the Ananda group of hotels, which alone will entail an investment of over one hundred crores rupees.