Recently, Ganga Realty got around 8.35 acres in sector 84, Gurgaon for rs 132 crore to develop a housing project. The big company has recently invested another rs 750-800 crore to develop the project.
Vikas Garg, Joint Managing Director, Ganga Realty said that the company is developing 1.5 million sq ft on this project of which 10.5 lakh will be residential while 4.5 lakh sq ft is going to be retail. The company is going to continue to look for land to expand its portfolio in the luxury and affordable housing segment.
Moreover, Ganga Realty is also going to invest rs 750 crore in its new affordable housing project – Tathastu in Gurugram. The project is spread across 22 acres of land and will consist of approx 2972 units. It is one of Ganga Realty’s first affordable housing projects. The location, Sohna, is primarily an end user-driven market and hence you always have a sustained level of demand. The improved connectivity is going to help the sale of the project.