Ever since the 90-metre height restriction on buildings was lifted last year, Gurgaon is all set to become a city of skyscrapers with several developers announcing hi-rise projects.
On Friday, realty firm M3M said it would invest over R5,300 crore to develop a luxury housing complex.
A 170-metre high twin tower will come up on the Golf Estate township spread over 75 acres in Sector 65.
“The township with 1,700 apartments with a nine-hole golf course will have six to 55-floor houses in the luxury segment upto R10 crore,” said Gaurav Jain, president (projects), M3M India Limited.
Construction of the project will start from January 2011 and the first phase will be over within next three years, he added.
In May this year, real estate firm Ireo also announced its plans to construct a 180-metre high residential tower with 51 floors.
It is expected that MGF, DLF and Raheja Group will also jump on to the bandwagon and launch projects soon after getting the required clearances.