Ganga Realty to Invest Rs 1,200 Crore in Developing Luxury Housing Project in Gurgaon

Ganga Realty to Invest Rs 1,200 Crore in Developing Luxury Housing Project in Gurgaon

Gurgaon-based real estate developer Ganga realty will invest Rs 1,200 crore in developing a luxury residential project spread across 5-acre land in Gurgaon’s sector 85.

The company will fund the construction through internal actual and customer advances and is expecting to generate Rs 2,000 crore revenue from the project.

The project will comprise the tallest residential towers in Gurugram, featuring G+59 storey buildings. The project is expected to be delivered within the next 5 years.

It is located in close proximity to Gurugram’s finest property hub, Dwarka Expressway, the iconic Global City project, NH-8, and is at a 20-minute convenient driving distance from IGI Airport.

This is company’s second luxury housing project.

“The project mirrors our aspirations of promoting sustainable living made possible through the utilization of smart and calibrated technologies,” said Vikas Garg, Joint Managing Director, Ganga Realty.

The project will feature 3 and 4 BHK apartments along with a servant room and a utility room. The total number of units in the project will be 524 and the price range of units will start from Rs 16,500 per sq ft.

“We are expecting to deliver the project in the next five years. The project offers excellent connectivity to IGI Airport, the Global City project, and important avenues of Delhi. With the project, we will develop the tallest residential towers in the recorded history of Gurugram and Delhi real estate,” said Garg.

Source : ET

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