ONE Group Unveils The Clermont in Mohali: A ₹400 Crore Residential Marvel
Delhi NCR based realty firm ONE Group Developers announced the launch of its new low-rise residential project, The Clermont, in Punjab’s Mohali. The project is expected to generate a revenue of ₹400 crore.
An initial investment of ₹100 crores is planned by the company. Further investments in the project construction will be through future cash flows of the group, according to sources familiar with the matter.
The Clermont will cover a built-up area of 475,000 square feet and will consist of 27 towers with 216 units of 3 BHK independent floors (stilt + 4 storeys). Prices for the units will start at ₹1.60 crores.
The company aims to deliver the project within three years. It will be constructed using modern aluminum formwork technology, which ensures superior quality, durability, and timely delivery.
Udit Jain, Director at ONE Group, commented on the launch, stating that The Clermont marks a significant milestone in the company's journey of shaping Mohali’s real estate landscape. “We envision it becoming a benchmark for aspirational living in Mohali, where families can thrive in harmony with both nature and modern conveniences,” he added.
This launch follows ONE Group’s previous announcement of a ₹1,200 crore investment in residential and commercial projects over the next two years in Mohali. Jain has previously stated that Mohali is rapidly emerging as a preferred destination for both residential buyers and investors.
“With a sizable land bank across the city’s most strategic sectors, we are poised to introduce a new era of thoughtfully planned developments that will combine lifestyle, convenience, and value,” he said in April this year.
The realty group has already established several projects in Mohali, including ONE Rise in Sector 99, and ONE City Hub and One City Hamlet in Sector 98. The Clermont project will be integrated with the developers’ ONE City Hamlet township project.
Operating across six North Indian states, ONE Group currently has 18 projects in its portfolio. Of these, 14 are completed projects and four are under construction. These include 10 residential and eight commercial projects.
