“Over the next three years, Emperium plans to develop an additional 2.1 million square feet across 1,055 units,” the company said in a statement on Monday.
It will develop a luxury residential project PREMIO in Gurugram and a 40-acre township project EMPERIUM RESORTICO in Yamannagar.
Ravi Sound, founder director of Emperium Pvt Ltd said that the expected revenue of these two new projects is Rs 775 crore.
The company will develop 216 apartments in the Gurugram project. In Yamuna Nagar township, it is offering villas, plots, floors, and SCOs (offices with shops).
Sound said the company has delivered high-quality projects in key markets of Haryana and plans to further expand business in the state. He said that the company will start more projects in Panipat. “As we look ahead, we are confident that our upcoming developments will not only meet but also exceed market expectations. With a focused vision and strategic expansion in high-potential areas , we are poised to significantly elevate our presence in Haryana's real estate sector,” said Sound.
He noted that the demand for housing in Gurugram as well as second tier cities in Haryana continues to be strong.
According to data analytics firm PropEquity, the growth in housing demand is not limited to the big cities as residential property sales in 30 Tier II towns increased by 11% in the last financial year. It added that house sales increased to 2,07,896 units in 2023-24 from 1,86,951 units in the previous fiscal.