Chintels India said in a statement said it has started construction of project ‘Chintels Center’ located at Sector 114 in Gurugram, Haryana. A groundbreaking ceremony was conducted on Friday.
The project will be constructed on a plot size of 6.79 acres.
“The project will cost approximately Rs 400 crore to develop and will consist of approximately 9.28 lakh square feet of the total built-up area,” the statement said.
The project, comprising retail, office and multiplex, is expected to be completed by 2025.
Prashant Solomon, Managing Director, Chintels India, said: “There are many residential projects, both completed and under-construction along Dwarka Expressway. But there are not enough commercial projects. We intend to cater to this gap?.
Chintels has already completed a commercial project Chintels Corporate Park in Sector 114, Gurugram.
The company is developing a housing project ‘‘Chintels Serenity” in Sector-109, Gurugram, with an investment of over Rs 400 crore. It is constructing 444 units across 9 towers spread over 9.75 acres.
Chintels has a huge land bank in the Dwarka Expressway area.
With Sobha, it is developing a 168-acre integrated township ‘International City’.
Source : Zee Biz