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Emaar to invest Rs 1,000 crore in Gurugram housing project

2024-11-21

Emaar India, a prominent real estate developer, has announced a major new project in Gurugram, one of the most sought-after residential locations in the National Capital Region (NCR). The company is investing approximately Rs 1,000 crore in the development of a luxury housing project named ‘Amaris.’ The project, situated on Golf Course Extension Road in Gurugram’s Sector 62, will span over 6.2 acres and is expected to feature 522 high-end apartments, with a total development potential of 15 lakh square feet.

This project, launched in response to the growing demand for premium residential properties in Gurugram, is expected to generate revenue of around Rs 2,500 crore. The development will cater to affluent buyers looking for high-quality, future-ready homes. Emaar India’s Chief Executive Officer, Kalyan Chakrabarti, stated that the project would provide a range of world-class amenities and offer a sustainable living experience, underscoring the company’s commitment to quality and environmental consciousness.

The luxury apartments will feature cutting-edge designs, green building practices, and advanced technology to create an integrated, environmentally friendly living space. The project is part of Emaar’s larger vision to enhance its portfolio in India, which includes residential and commercial spaces in Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur.

Emaar India has a rich history in the Indian real estate market, having entered in 2005 and invested significantly in joint ventures. Despite challenges in the real estate sector, the company’s strong track record and commitment to quality have kept it at the forefront of the market.