Emaar India invests Rs. 1,600 crore in Gurugram's Luxury Housing Project

As part of its expansion strategy, real estate company Emaar India plans to invest approximately Rs. 1,600 crore in the development of a new luxury housing project in Gurugram, given the high demand for residential real estate.

New housing project 'Urban Ascent' has been launched in Sector 112, Gurugram by Emaar India, a division of Emaar Properties, based in Dubai.

According to Chakrabarti, both end users and investors in Delhi-NCR are still in high demand for homes. A new housing project on the Dwarka Expressway in Gurugram has been launched.

He stated that a joint development agreement with landowners governs this project. The total investment will be around Rs. 1,600 crore to develop this green project.

Our first launch of the year is this one. "Urban Ascent is a lifestyle designed for people who want comfort, convenience, and a connection to nature—it's more than just a residential project," the speaker stated.

The company offers flats for sale between Rs. 2.5 crore and Rs. 6 crore. Within the next four to five years, the project will be finished.

The new 'Urban Ascent' project by Emnaar India has received positive feedback from clients, according to Shiwang Suraj, the Founder of InfraMantra, a real estate consultancy. Customers express far more interest in things than just the Emaar India units. The overall demand in Gurugram is strong, especially for good builders.

Emaar India unveiled the 'Amaris' project in November last year at Sector 62 on Golf Course Extension Road in Gurugram. The project's total investment, excluding land costs, is Rs. 1,000 crore.