As a part of its expansion plan, a multinational real estate development company, Emaar India to invest Rs. 900 crore to build up a luxury housing projects in Gurugram over the next four years. The company has signed-up with E & Y for administering the process with transparency, whereas it leverages advanced technologies for sleeked process of registration. The investment of 900 crore excludes the cost of property.
Dubai-based Emaar Properties, the real estate company would spotlights on initiating & launching more residential projects in the area of Delhi-NCR and other surrounded locations in north India, as it has land stock. Furthermore, the enterprise has future plans for housing projects in pipeline and still it has finished all the legacy housing projects, well the tenure ship is being given.
Among all the major cities, Gurugram is witnessing the demand for luxury housing properties and the housing projects are to found with drawing interests from users as well as investors. The CEO of Emaar India, Kalyan Chakrabarti says, “We are now looking forward to a solid performance ahead with respect to launches and with respect to taking care of some of the residual problems that we are trying to solve”.
As the part of its group housing project 'Urban Oasis' situated at sector-62, Golf course Extension Road in Gurugram city, the company Emaar India has launched and already 424 luxury homes are purchased. In the initial phase of the housing project, it clocked Rs. 1,723 crore in revenue generation.
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