Real estate developers' eyes 10 billion rupees from 5.5 acres of Gurugram Sector 80 Project 10 billion rupees
Real estate developers will invest Rs 12 billion in their Elaira Residences luxury residential project. The project is located in the 80th district of Gurugram, Haryana and is set as 536 apartments. The developers plan to roll out 268 of these units in the first phase itself. In the first phase itself, COSCIENT aims to get Rs 10 billion in revenue.
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Here are 10 things to do about this project:
- The Elaira residential project is spread over 5.5 acres.
- Luxury housing projects are part of a strategy to meet the growing demand of the NCR market.
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Meet Elaira residential luxury apartment prices start at RA 14,500 sq.ft.
- The company said the base sale price for these apartments starts at 14,500 per square foot.
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The booming NCR real estate market
- Luxury projects are a time when most analysts see growing demand in the country’s real estate sector, which also strengthens with more declines in the pandemic era.
- In the national capital region, housing sales rose 10% year-on-year to 11,221 units in the first quarter, according to real estate consultant Propequity.
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- The developers say these are spacious 3BHK apartments tailored for homebuyers seeking comfort and quality, offering aesthetic appeal, open spaces and exclusive lifestyles for Gurugram’s growing real estate hub.
- Hong Kong-based design company Benoy has developed its architectural plans and layout.
- The luxury residential project is funded by HDFC Capital.
- This marks the third high-end real estate product and boost reserves after the park in Gurugram.
- The church plans to expand further in the luxury real estate market and several upcoming residential projects in NCR Delhi.
