India, May 25 -- AU Real Estate will invest Rs.1,200 crore to develop a premium housing project in Ghaziabad. The 5.6-acre project, Cosmos Corner, located in Siddharth Vihar, will comprise around 831 residential units across 40 floors, with apartments priced from Rs.1.5 crore onwards, the company said on May 25.According to the company, the project offers residences at an introductory base price of Rs.6,900 per sq ft and has a projected revenue potential of Rs.1,600 crore.The development is being undertaken by Cosmos REIT Pvt. Ltd, a wholly owned subsidiary of AU Real Estate, after acquiring the land parcel through a competitive auction conducted by the Uttar Pradesh Awas Vikas Parishad at a transaction value of Rs.336 crore.Cosmos Corner...