Ganga Realty, a renowned real estate developer, has made strategic acquisitions in Gurgaon, solidifying its position in the luxury and affordable housing segments. With the acquisition of 8.35 Acres of prime land in sector 84, Gurgaon, Ganga Realty aims to develop a prestigious luxury group housing project. Additionally, the company plans to invest 750 INR-crore in its first-ever affordable housing project, Tathastu, located in Gurugaon. These ventures highlight Ganga Realty’s commitment to meeting the diverse housing demands of homebuyers.
Ganga Realty Expands in Gurgaon
Ganga Realty has recently acquired 8.35 acres of prime land in sector 84, Gurgaon for a sum of 132 INR-crore. The purpose behind this acquisition is to develop an exquisite luxury group housing project, as revealed by Vikas Garg, Joint Managing Director of Ganga Realty. The project envisages the development of an extensive 1.5 Million-SqFt area, consisting of 10.5 Lakh-SqFt of residential space and 4.5 Lakh-SqFt of retail space. The company has committed an additional investment of 750-800 INR-crore for the development of this project.
Furthermore, Ganga Realty has earmarked an investment of 750 INR-crore for its first-ever affordable housing project, Tathastu, located in Gurgaon. Sprawling across an extensive 22-acre plot, this project is set to offer approximately 2,972 units, targeting the affordable housing segment.
Ganga Realty plans to finance these projects through internal accruals, a testament to the company’s strong financial standing and strategic approach.
Also Read : Top 10 Facade Consultants in India – Biltrax Media, A Biltrax Group venture
Biltrax Construction Data is tracking 24,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
