Luxury Housing Project in Gurugram: Whiteland Corp Invests Rs 5k Cr
Realty firm Whiteland Corporation partners with Marriott International to develop a luxury housing project in Gurugram, with an investment of Rs 5,000 crore.
Luxury HousingGurugramWhiteland CorporationMarriott InternationalBranded ResidencesReal Estate NewsJul 04, 2024
The 20-acre project, located on Dwarka Expressway, will be developed in two phases, with Marriott International serving as the service provider. According to Navdeep Sardana, founder of Whiteland Corporation, the company will launch 674 branded residences in the first phase, with a minimum price tag of Rs 5 crore per unit. The basic selling price is expected to be over Rs 20,000 per square feet.
The investment of Rs 5,000 crore will be funded primarily through internal accruals, with the company's net debt standing at below Rs 200 crore. Sardana expressed optimism about the demand for luxury homes in Gurugram and other major cities, which he believes will drive the success of the project.
Whiteland Corporation is a leading realty firm, with a portfolio of five projects, including three housing and two retail real estate projects, comprising 45 lakh square feet area. The company is constructing over 1,300 apartments in three housing projects.
Marriott International, on the other hand, has a strong presence in the global branded residences market, with 134 operational projects and another 121 under development. The company has also signed an agreement with Whiteland Corporation to introduce the first Westin Residences in India, marking a significant milestone in the luxury housing market.
Information
Whiteland Corporation is a leading realty firm, known for its luxurious residential and commercial projects. The company aims to provide high-quality living spaces, with a focus on comfort, convenience, and luxury.
Marriott International is a global hospitality brand, with a strong presence in the branded residences market. The company is known for its luxurious properties, high-end amenities, and exceptional service.
Whiteland Corporation is a leading realty firm, with a focus on developing luxurious residential and commercial projects. The company has a portfolio of five projects, including three housing and two retail real estate projects, comprising 45 lakh square feet area.
Marriott International is a global hospitality brand, with a strong presence in the branded residences market. The company has 134 operational branded residences projects globally and another 121 are under development.
Frequently Asked Questions
What is the investment amount for the luxury housing project in Gurugram?
Rs 5,000 crore
How many branded homes will be developed in the project?
1,600-1,800
What is the minimum price tag for each unit?
Rs 5 crore
Who is the service provider for the project?
Marriott International
How many operational branded residences projects does Marriott International have globally?
134
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