Ganga Realty to Invest ₹1200 Crore in Luxury Housing Project in Gurugram
Gurugram-based real estate firm Ganga Realty plans to invest ₹1200 crore in a luxury housing project in Gurugram, expected to generate close to ₹2000 crore in revenue.
Delhi Ncr Real EstateLuxury HousingGanga RealtyGurugramAnantamDwarka ExpresswayReal Estate NewsJul 01, 2024
The project is strategically located close to Dwarka Expressway, the Global City project, NH-8, and is just a 20-minute drive from IGI Airport. The company plans to achieve a sales target of ₹2000 crore from this project, which will be funded through internal accruals and customer advances. This will be Ganga Realty's second luxury housing venture in the city.
The project will feature 3 and 4 BHK apartments along with a servant's quarter and a utility room. The project will comprise 524 units, with prices starting from ₹16,500 per sq ft. The unit sizes of 3 BHK units will be 2392 sq ft and 4 BHK units will be 3101 sq ft.
According to Vikas Garg, Joint Managing Director, Ganga Realty, 'The project mirrors our aspirations of promoting sustainable living made possible through the utilization of smart and calibrated technologies.' The company aims to deliver the project in the next five years.
Information
Ganga Realty is a leading real estate company based in Gurugram, known for its commitment to delivering high-quality and sustainable living spaces. The company has a strong presence in the Delhi-NCR region and has developed several residential and commercial projects in the area.
Ganga Realty is a renowned real estate firm based in Gurugram, dedicated to providing high-quality and sustainable living spaces. The company has a strong presence in the Delhi-NCR region and has developed several residential and commercial projects in the area.
Frequently Asked Questions
What is the investment amount by Ganga Realty in the luxury housing project?
₹1200 crore
What is the expected revenue from the project?
Close to ₹2000 crore
What is the location of the project?
Sector 85, Gurugram
What is the project's completion timeline?
Next 5 years
What is the starting price of the apartments?
₹16,500 per sq ft
Related News Articles
Mumbai's Real Estate Market: A Temporary Pause or Long-term Shift?
In the dynamic Mumbai Metropolitan Region (MMR), the real estate market has been a cornerstone of housing growth. However, the latest dip in new projects is causing concern among buyers and investors alike. What does this trend mean for the future of Mumb
Investing in a Plotted Development Project near Mumbai? Here's What You Need to Know
Several real estate developers have launched plotted development and villa projects in areas such as Lonavala, Khandala, Dapoli, Alibag, and Karjat near Mumbai.
CREDAI-MCHI Launches Quick Real Estate Mall at 32nd Property Expo
CREDAI-MCHI, a leading real estate association in Mumbai, introduces India's first Quick Real Estate Mall, set to revolutionize the home-buying experience at their 32nd Property and Home Finance Expo.
Mumbai Homebuyers' Expectations from the New Maharashtra Government
Mumbai, India’s financial capital, is known for its exorbitant real estate market. Residential property prices in the city start at Rs 20,000 per square foot and can exceed Rs 50,000 per square foot in prime locations. As the new Maharashtra government ta
Maharashtra Transport Minister Urges NAREDCO to Develop ST Corporation’s Land Holdings
Maharashtra Transport Minister Pratap Sarnaik has called on the National Real Estate Development Council (NAREDCO) to take the lead in developing the extensive land holdings of the State Transport (ST) Corporation. He emphasized the potential benefits of
Trump: Palestinians to Have No Right of Return to Gaza Under His Plan
President Donald Trump has stated that under his proposed peace plan, Palestinians would have no right of return to Gaza. In an interview with Fox News, Trump emphasized his ownership of the plan and its potential for development.