The country's largest realty firm DLF is understood to have earmarked an investment of Rs 8,000 crore to develop a 450-acre integrated township at Gurgaon within 2-3 years.

The proposed township - DLF Garden City - will be spread over sectors 86, 87, 90, 91 and 92 (new Gurgaon), and will comprise of group housing, commercial and plotted development.

According to sources close to the development, the company will officially launch the project tomorrow.

"The launch will happen tomorrow. This project will create the landscape of new Gurgaon. The company has estimated the project cost at Rs 8,000 crore," a source said.

As per plans, the project will offer plots of different sizes ranging from 250 to 502 sq yards.

Besides, the institutional sector will house educational, cultural, religious, healthcare institutions are proposed.

"In fact, land has already been demarcated for five hospital sites and three colleges in the area. The realty giant has also ensured premium location for the Garden City that will be close to sectors 74A and 75A, the new commercial hub in Gurgaon," another source said.

The Garden City will have plotted development projects, namely The Primus, Regal Gardens and New Town Heights, besides housing a commercial complex -- Galleria 91.

DLF to launch 450-acre township in Gurgaon; may invest Rs 8,000 cr - The Economic Times
Read more
Reply
2 Replies
Sort by :Filter by :