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Emaar India will invest around Rs 1,000 crore to build a new luxury residential project in Gurugram amid strong demand for premium residential properties. A new project 'Amaris' has been introduced on Golf Course Extension Road, Sector 62, Gurugram. The company's 6.2-acre project has a development potential of 15 lakh square feet.
New Delhi. Real estate company Emaar India will invest around Rs 1,000 crore to build a new luxury housing project in Gurugram amid strong demand for premium residential properties. The company has launched a new project 'Amaris' on Golf Course Extension Road, Sector 62, Gurugram. Emaar India Chief Executive Officer (CEO) Kalyan Chakraborty told PTI, “We have launched a new residential project in Gurugram. We are getting an overwhelming response from customers.
He said that the company's 6.2-acre project has a development potential of 15 lakh square feet. In this the company will build 522 apartments. Asked about the project cost, Chakraborty said it would be around Rs 1,000 crore excluding land cost. He said that the revenue potential of this project is around Rs 2,500 crore. This project will be completed in the next five years. Emaar India is part of the Dubai-based Emaar Group. Emaar India has a strong segment of residential and commercial spaces in Delhi-National Capital Region (NCR), Mohali, Lucknow, Indore and Jaipur.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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