Delhi-NCR Real Estate: Ganga Realty to invest Rs 1,200 crore in developing a luxury housing project in Gurugram

Gurugram-based real estate firm Ganga Realty plans to invest. 1200 crore in a luxury housing project in Gurugram. The project is expected to be produced in the near future. 2,000 crore in revenue, the company said in a statement on July 1.

For Ganga Realty Investments 1200 crores to develop a luxury housing project in Gurugram

Spread over an area of ​​5 acres in Sector 85 of Gurugram, the project will comprise of three towers, one of them being the tallest residential tower in the city with a ground plus 59-storey building. It is expected to be completed in the next five years, the company said.

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Also read: Luxury property prices rise 53% in New Gram, Sector 150 in Noida sees 43% year-on-year growth

The company said it would invest. 1200 crores to develop an uber-luxury residential project called Anantham in Sector 85 of Gurugram. The project is located near Dwarka Expressway, Global City Project, NH-8 and 20 minutes driving distance from IGI Airport.

The company is planning to achieve the sales target. 2,000 crore from the project, the company said.

Ganga Realty will fund the construction of the project through internal revenue and customer advances. This will be the company's second luxury housing venture in the city, the company said.

Also read: Inauguration of Dwarka Expressway: Impact on Gurugram real estate prices

Vikas Garg, Joint Managing Director, Ganga Realty said, “This project reflects our aspirations to promote sustainable living made possible by the use of smart and calibrated technologies.”

The project will have 3 and 4 BHK apartments along with a servant's quarter and a utility room. The project will consist of 524 units and will start at a range of prices. 16,500 per sqft. The size of 3 BHK units will be 2392 sqft and ⁠4 BHK units will be 3101 sqft.

“We will complete the project in the next five years,” he added.

Also read: Gurugram Metro: Here are the sectors that could see the maximum price impact.

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