Tulip Infratech Invests ₹1100 Crore in 40-Storey Luxury Housing Project in Gurugram
Gurugram-based real estate developer Tulip Infratech is set to invest ₹1,100 crore in a luxury housing project on Southern Peripheral Road (SPR). The project, named Tulip Melrose, will be one of the tallest residential developments along the corridor, featuring four residential towers rising to nearly 495 feet.
Spread across 7.5 acres, Tulip Melrose will comprise 608 apartments, including 10 penthouses. The development will feature four towers of 40 floors each, housing exclusively 5BHK residences with a super built-up area of around 3,250 sq ft. The average price of an apartment is estimated at approximately ₹4 crore, according to the company.
A key feature of the project is a grand clubhouse spanning the entire ground floor, connecting all four towers at podium level. The towers will also be linked by a sky terrace at a height of nearly 495 feet, creating a single expansive elevated amenity deck offering recreational facilities and panoramic views of the city.
The firm will invest ₹1,100 crore to develop the luxury housing project in Gurugram as part of its expansion plans. The company stated that the raft foundation has already been cast, and construction is progressing as scheduled. The project is expected to be delivered by 2031.
Commenting on the Gurugram housing market, Tulip Infratech promoter Siddharth Jain said, 'We will be investing around ₹1,100 crore to develop this project. This excludes land cost.' He added that the project would be completed over the next four years.
Parveen Jain, Chairman and Managing Director of Tulip Infratech, said, 'Southern Peripheral Road is entering a defining phase of growth and is steadily establishing itself among NCR's most important luxury residential destinations.'
Tulip Infratech has delivered more than 10 real estate projects in Gurugram. The company is currently developing the luxury housing project Tulip Monsella with an investment of ₹3,600 crore and Tulip Crimson with an investment of ₹1,200 crore. With the launch of its latest project, the Tulip Group's cumulative investment in Gurugram's residential market now exceeds ₹6,000 crore, reflecting its continued focus on the city's premium housing segment.
