Ganga Realty will develop 2,972 apartments in new project ‘Tathastu’ at Gurugram.
Ganga Realty’s project is expected to be delivered by the first quarter of 2027. (Representative)
Real estate firm Ganga Realty will invest ₹750 crore to build an affordable housing project in Gurugram.
The company will develop 2,972 apartments in new project ‘Tathastu’, which is spread over 22 acres in Sector 5, Sohna-Gurugram. The price of the apartment starts from ₹25 lakh.
“The company will spend ₹750 crore to build an affordable housing project,” Ganga Realty said in a statement.
Vikas Garg, Joint Managing Director of Ganga Realty, said the total project cost is ₹750 crore and this will be funded through internal accruals and customer advances.
The project is expected to be delivered by the first quarter of 2027.
Garg noted that Sohna is primarily an end user driven market.
In affordable housing segment, realty firm Signature Global is a leading player in the Gurugram market.
According to property consultant Anarock, sales of residential properties in Gurugram jumped over two-fold to 32,617 units during 2022 on higher demand across all price categories — affordable, mid-income and luxury.