Paras Buildtech launches luxury housing project in Gurugram; to invest ₹490 crore in the project
Paras Buildtech expects a total revenue (topline) of ₹1,200 crore from the launch of the Gurugram project with an investment of ₹490 crore in the project.
Real estate firm Paras Buildtech has launched a super luxury project in Gurugram and will be investing close to ₹490 crore in the project, the company said in a statement.
Real estate firm Paras Buildtech has launched a super luxury project in Gurugram and will be investing close to ₹490 crore in the project.
{{^htLoading}} {{/htLoading}}
The project to be known as ‘The Manor’ is located in Gwal Pahari in Gurugram. The high-rise residential project spans 4.26 acres and will offer 120 luxury apartments.
"We are launching a new ultra luxury project in Gurugram. The price of each apartment will be around ₹9 to ₹10 crore," said Kunal Rishi, COO of Paras Buildtech.\
The company expects a total revenue (topline) of ₹1,200 crore from this launch with an investment of ₹490 crore in this project.
{{/usCountry}}
{{#usCountry}}
The company expects a total revenue (topline) of ₹1,200 crore from this launch with an investment of ₹490 crore in this project.
{{/usCountry}}
The size of the apartments will be 4,750 sq ft. The project is expected to be delivered by August 2028. The project is located adjacent to Paras Quartier, another luxury project by Paras Buildtech launched in 2012.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
Home/Real Estate/Paras Buildtech launches luxury housing project in Gurugram; to invest ₹490 crore in the project
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
