Ganga Realty to Develop Rs 750 cr Affordable Housing Project in Gurugram

Ganga Realty to Develop Rs 750 cr Affordable Housing Project in Gurugram

This is Ganga Realty’s first affordable housing project and will be spread across 22 acres and consist of approx 2972 units.

Gurugram-based realty firm Ganga Realty has announced that it will invest Rs 750 crore to develop its first affordable housing project, named ‘Tathastu’, in Gurugram. The project is located in Sector 5, Sohna, Gurugram, and is at a 20-min distance from the proposed metro station. It will also share an easy connectivity with IGI Airport and KMP Expressway.

The company will develop 14 towers with around 2972 affordable units under the project. The project will offer 3 BHK apartments, with carpet area of 645.73 sq ft and the super area of 1000 sq ft. The 3BHK configuration units have been priced at Rs 25.14 lakh.

The project will be spread across approx 22 acres. Its funding will come through several sources like internal monetary strengths and customer advances. Vikas Garg, JMD, Ganga Realty, has announced that the company is completely ‘debt-free’ and the project is ‘self-funded’ and is expected to be delivered by the first quarter of 2027.

The residential project will also comprise of several recreational amenities such as in-house commercial shops, elevated club house, swimming pool, Kids Dedicated Area, Park along with many other amenities. There are also schools and shopping malls and other facilities in the vicinity.

Vikas Garg, Joint Managing Director, Ganga Realty, said, “Sohna is primarily an end user-driven market and hence have always had a sustained level of demand. Looking forward to the vision of Housing for All, homes in affordable and mid segment budget are a must to fulfil the demand for housing in the country.”

According to the company, the project has received massive customer engagement within just two days of its launch. The project is oversubscribed and has received an overwhelming response.

Garg further added, “The project though in the affordable category will be built with the best of construction technology and will have all the world class amenities. The entire investment would be met through internal accruals and customer advances.”

Source : FE

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