A Gurgaon-based real estate developer Adore Group, has purchased 10.20 acres of land in Sector 77 Gurgaon and plans to invest Rs 200 crore in the development of a residential project, according to a senior official.
Director and founder of Adore Group Mr. Jetaish Gupta said that “This is the first Greek lifestyle residential project launch in Gurgaon”
The project will include a 60,000-square-foot clubhouse. The project includes 12 towers and over 700 units, is expected to generate Rs 1,000 crore in revenue for the company.
Adore has completed 20 projects across India totalling 10.11 million square feet in size.
The upcoming festive season is expected to see a record number of housing-unit launches in Delhi-NCR region, as renowned developers have acquired land in the last six months in order to meet rising housing demand.
DLF, Godrej, L&T, TARC, Signature Global, and County Group and other giant developers planning launches in the second half of the year.
Residential launches in the first half of the year were already more than double the previous year, according to Cushman & Wakefield.
In the first half of the year, 10,963 residential units were launched in Delhi-NCR, nearly matching the number of units launched in the year 2019.
Source- ET
