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Ganga Realty a Gurugram-based developer, will invest Rs 750 crore in developing Tathastu, an affordable housing project in Sector 5, Sohna.
The project will be spread across around 22 acres and offer 3 BHK apartments with a carpet area of 645.73 square feet at a price of Rs 25.14 lakh onwards.
The project is located in Sohna-Gurugram Sector 5 and is only a 20-minute drive from the proposed metro station. It is also conveniently located near the IGI Airport and the KMP Expressway.
According to Vikas Garg, the company’s joint managing director, the project is self-funded. Internal accruals and early customer payments would cover the complete investment.
The company plans to build 14 towers with approximately 2,972 affordable units. The project is set to be completed in the first quarter of 2027. In addition, the company claims to be completely debt-free.
It is expected to have a variety of amenities, such as in-house commercial shops, an elevated clubhouse, a swimming pool, a dedicated area for children, and a park. There are also schools, shopping malls, and other amenities nearby.
Vikas Garg, Joint MD of Ganga Realty, stated, “Sohna is primarily an end-user-driven market, so demand has always been consistent. Looking ahead to the vision of Housing for All, affordable and mid-segment housing is a must to meet the country’s housing demand.”
Within two days of its launch, the project received awesome customer engagement and was oversubscribed. Garg went on to say that the affordable project will be built with the best construction techniques and include all world-class amenities.