Adore Group to Invest ₹800 Crore in Luxury Housing Project in Faridabad
Adore Group, a leading real estate developer, is set to invest ₹800 crore in a premium housing project in Faridabad. The project, 'The Select Premia,' is expected to boost the local economy and attract more investments to the region.
Real EstateFaridabadLuxury HousingAdore GroupDelhincrReal Estate NewsMay 26, 2025
The project will span 5.47 acres of land and will consist of 190 apartments. The Group acquired the land parcel from Haryana Shahari Vikas Pradhikaran (HSVP) in 2023 through auctions. The total project cost, including land, construction, and other expenses, is estimated to be around ₹800 crore.
Jetaish Gupta, a key figure at Adore Group, expressed optimism about the project's prospects. 'Faridabad is at an interesting juncture of growth and evolution. The economy is thriving, backed by a surge in the IT and manufacturing industries,' he said. Adore Group has a strong track record in the region, having completed 17 projects, primarily housing developments, in Faridabad and Gurugram.
The Delhi-NCR housing market has shown significant growth, with data analytics firm PropEquity reporting a 63% year-on-year increase in sales to Rs 1.53 lakh crore during the 2024 calendar year. This positive trend underscores the strong demand for high-quality residential properties in the region.
The Select Premia is expected to further enhance the appeal of Faridabad as a prime location for both living and investment. The project's luxury amenities and strategic location are likely to attract a diverse range of buyers, from young professionals to established families. With the ongoing development of infrastructure and the growing presence of industries, Faridabad is poised to become an even more attractive destination for real estate investments.
Adore Group's commitment to delivering high-quality, sustainable housing solutions aligns with the broader goals of the region's development. The company's experience and expertise in the local market position it well to capitalize on the growing demand for premium housing options. The Select Premia project is a testament to Adore Group's vision and its dedication to creating value for its customers and the community.
For more information on the project and Adore Group's other initiatives, visit their official website or contact their customer service team. The Select Premia is expected to set new standards for luxury living in Faridabad, and interested buyers are advised to keep an eye on future updates and developments.
Frequently Asked Questions
What is the total investment for the 'The Select Premia' project?
The total investment for 'The Select Premia' project is around ₹800 crore, including land, construction, and other expenses.
Where is 'The Select Premia' project located?
'The Select Premia' is located in Sector-76, Faridabad, within the Delhi-NCR region.
How many apartments will 'The Select Premia' have?
'The Select Premia' will consist of 190 apartments, spread across 5.47 acres of land.
What is the significance of Adore Group's investment in Faridabad?
Adore Group's investment in Faridabad is significant as it reflects the region's growing economic potential and the strong demand for luxury housing. It is expected to boost the local economy and attract more investments.
What is the current state of the Delhi-NCR housing market?
The Delhi-NCR housing market has shown a 63% year-on-year increase in sales to Rs 1.53 lakh crore during the 2024 calendar year, indicating strong growth and demand for residential properties.
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