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Worldwide Realty to Invest Rs 3.2 Billion in 22-acre Manesar Project

2024-12-16

Real estate firm Worldwide Realty plans to invest approximately Rs 3.20 billion to develop a 22-acre housing project in Manesar, Haryana. The Gurugram-based company is working on the Golden Residences project under the Haryana government's Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) scheme.

Vikas Aggarwal, the Chief Operating Officer of Worldwide Realty, mentioned that the company had already sold some housing plots in the 22-acre project. He further shared that 400 independent floors would now be launched for sale.

The company is also planning to release more independent floors in the upcoming phase.

When asked about the total investment for the entire 22-acre project, Aggarwal explained that the construction cost would be around Rs 3.20 billion.

The company has historically owned the land parcel. Aggarwal also revealed that the independent floors were being launched with a starting price of Rs 10.7 million each.

The infrastructure for this project has already been developed, and it is part of the larger 180-acre integrated township, The Golden City. Of this 180-acre parcel, the company has developed a 118-acre industrial park and is now constructing the 22-acre residential project. The remaining 40 acres will be reserved for future development.

Aggarwal expressed that Manesar, Haryana, is rapidly becoming a top destination for both homebuyers and investors. He emphasised the growing demand for residential and industrial space in Manesar from end users.

Real estate consultants have observed strong sales in the real estate market over the past three years.