Chintels to Develop 9.28 Lakh Sq Ft Commercial Project in Gurugram; Invest Rs 400 Cr

Chintels to Develop 9.28 Lakh Sq Ft Commercial Project in Gurugram; Invest Rs 400 Cr

Realty firm Chintels Group on Friday said it will invest Rs 400 crore to develop a new commercial project in Gurugram, comprising a 9.28 lakh square feet area.

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.

Besides developing projects on its own, the company has tied up with realty players like Sobha and ATS Group to develop housing projects in this area.

With Sobha, it is developing a 168-acre integrated township ‘International City’.

Source : Zee Biz

Related Posts

SCOs (Shop-cum-Offices) are a new and innovative commercial setup flourishing in the real estate sector. Delhi-NCR has seen massive growth...
GMDA is planning to redevelop Southern Peripheral Road (SPR) with the construction of eight flyovers and an underpass along the...

About us

We are a real estate consultancy firm working in Gurugram & Delhi/NCR with a global mindset, bringing together exciting real estate developments and investment opportunities under one roof. All our services are delivered with professionalism and politeness.

This website is in the process of being updated. by accessing this website, the viewer confirms that the information including brochures and marketing collaterals on this website are solely for informational purposes only and the viewer has not relied on this information for making any booking/purchase in any project of the company. Nothing on this website, constitutes advertising, marketing, booking, selling or an offer for sale, or invitation to purchase a unit in any project by the company. The company is not liable for any consequence of any action taken by the viewer relying on such material/ information on this website.

All trademarks, logos, and names are properties of their respective owners. All Rights Reserved.Ⓒ Copyright 2020-22  © Property in Gurugram  Blog