Breaking News

politics- Modi Sarkar – 40 Months of Governance – A Quick Survey Rings a Warning Bell ~ Indian Politics politics- Dr B R Ambedkar’s last speech in the Constituent Assembly on adoption of the constitution (25th Novembr 1949( ~ Indian Politics politics- Babasaheb Dr B R Ambedkar – Another Forgotten Legend in Indian History ~ Indian Politics politics- Exclusive Interview with Suryah, Techno Campaign Strategist ~ Indian Politics politics- New Age Techno Strategic Political Communication ~ Indian Politics

Social Link -

Real Estate

Ganga Realty to invest 750 Crores in its new Affordable Housing project Tathastu in Gurugram | The Property Times

  By - Stephen   On 2023-03-14T12:48:09

The company will spend Rs 750 crores to build an affordable housing project in one of the most lucrative realty hubs of Gurugram, Sohna. The project will be spread across 22 acres and will consist of approx. 2972 units. This will be Ganga Realty’s first affordable housing project.

New Delhi, March 14, 2023: Gurugram-based realty firm Ganga Realty has announced that it will invest Rs 750 crores to develop its first affordable housing, named ‘Tathastu’ in Gurgaon. The project is located in Sector 5, Sohna- Gurugram and is at 20-min distance from the proposed metro station. It will also share an easy connectivity with IGI Airport and KMP Expressway.

The company will develop 14 towers with around 2972 affordable units under the project. The project will offer 3 BHK apartments and its carpet area is 645.73 sq ft and the super area will be 1000 sq. ft. The 3BHK configuration units have been priced at Rs 25.14 lakhs in the project.

The project will be spread across approx. 22 acres. Its funding will come through several sources like internal monetary strengths and customer advances. Mr. Vikas Garg, JMD, Ganga Realty, has also announced that the company is completely ‘debt-free’. The company has also revealed that the project is ‘self-funded’ and is expected to be delivered by the first quarter of 2027.

The residential project will also comprise of several recreational amenities such as in-house commercial shops, elevated clubhouse, swimming pool, Kids Dedicated Area, Park along with many other amenities. There are also schools and shopping Malls and other facilities in the vicinity.

Mr. Vikas Garg, Joint Managing Director, Ganga Realty, said “Sohna is primarily an end user driven market and hence have always had a sustained level of demand. Looking forward to the vision of Housing for All, Homes in an affordable and mid segment budget is a must to fulfil the demand for housing in the country.”

According to the company, the project has received massive customer engagement within just two days of its launch. The project is oversubscribed and has received an overwhelming response.

He further added, “The project, though in the affordable category, will be built with the best of construction technology and will have all the world class amenities. The entire investment would be met through internal accruals and customer advances.”

Corporate Comm India (CCI Newswire)

  • TAGS:
  • real estate, , , ,
  • Share:
Author: Stephen

Stephen is an internationally acclaimed business news journalist with 20 years of experience in the industry. Having worked for some of the most prestigious newspapers, magazines and news organizations, Stephen has become a respected leader in international business news. His writing has been featured in publications such as The Wall Street Journal, The Financial Times, The New York Times, and Bloomberg. Stephen has also appeared as a commentator on several radio and television programs, including CNN, CNBC, and Bloomberg TV. He is a sought after public speaker, appearing regularly at conferences and industry events to discuss the latest business news. With his wealth of experience, Stephen is an invaluable resource for anyone looking to stay up to date on the latest international business news.

Top Liked Comments:

Gaylene Center

2022-08-28 13:05

Thanks for the interesting read!

Joan Michaud

2022-04-05 07:18

Thanks for the interesting read!

Yuri Pekar

2022-08-21 08:58

This was a really helpful read, thanks!

Alejandro Pekar

2022-12-26 11:40

I really enjoyed reading this article!

Maribel Kazmierczak

2022-07-07 21:26

Thanks for such a great article!

Leave a Comments