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Ganga Realty Expands Luxury and Affordable Housing Portfolio in Gurgaon

Priya Singh | 2024-01-27

Ganga Realty, a renowned real estate developer, has made strategic acquisitions in Gurgaon, solidifying its position in the luxury and affordable housing segments. With the acquisition of 8.35 Acres of prime land in sector 84, Gurgaon, Ganga Realty aims to develop a prestigious luxury group housing project. Additionally, the company plans to invest 750 INR-crore in its first-ever affordable housing project, Tathastu, located in Gurugaon. These ventures highlight Ganga Realty’s commitment to meeting the diverse housing demands of homebuyers.
Ganga Realty has recently acquired 8.35 acres of prime land in sector 84, Gurgaon for a sum of 132 INR-crore. The purpose behind this acquisition is to develop an exquisite luxury group housing project, as revealed by Vikas Garg, Joint Managing Director of Ganga Realty. The project envisages the development of an extensive 1.5 Million-SqFt area, consisting of 10.5 Lakh-SqFt of residential space and 4.5 Lakh-SqFt of retail space. The company has committed an additional investment of 750-800 INR-crore for the development of this project.

Furthermore, Ganga Realty has earmarked an investment of 750 INR-crore for its first-ever affordable housing project, Tathastu, located in Gurgaon. Sprawling across an extensive 22-acre plot, this project is set to offer approximately 2,972 units, targeting the affordable housing segment.

Ganga Realty plans to finance these projects through internal accruals, a testament to the company’s strong financial standing and strategic approach.