Realty firm Emperium eyes Rs.775 crore Profit via Gurugram Township project

Realty firm Emperium Pvt Ltd plans to develop a 40-acre township in Yamunanagar and a housing project in Gurugram over the next three years, with an estimated revenue potential of Rs.775 crore.

Since its inception, Emperium has delivered 1.7 million square feet of residential space, including 1,320 units in Panipat City, generating a total revenue of Rs.341 crore.

Emperium plans to develop an additional 2.1 million square feet across 1,055 units over the next three years, the company announced on Monday.

The projects include a luxury residential development, PREMIO, in Gurugram and a 40-acre township, EMPERIUM RESORTICO, in Yamunanagar. 

According to Ravi Saund, the Founder Director of Emperium Pvt Ltd., the estimated earnings for these two upcoming ventures total Rs. 775 crore.

The company plans to construct 216 apartments in the Gurugram project while offering villas, plots, floors, and SCOs (shops cum offices) in Yamunanagar township. 

According to Saund, the company has successfully executed top-notch projects in vital markets located within Haryana and envisions future growth opportunities for expanding its operations within the state.

According to him, additional projects will be launched by the company in Panipat.

Saund expressed optimism about the future, stating that our forthcoming projects are poised to surpass industry standards. By aiming for growth and expanding into promising markets, we anticipate a considerable increase in our influence within Haryana's real estate domain.”

He observed that housing demand remains strong in both Gurugram and other Tier II cities in Haryana.

Data analytics firm PropEquity reported that the increase in housing demand extends beyond major cities, with residential property sales rising 11% in the last fiscal year across 30 Tier II towns. Housing sales reached 2,07,896 units in 2023-24, compared to 1,86,951 units in the previous year, the firm added.