Left Menu
Development News Edition

Central Park to invest Rs 1000 cr on new project in Gurugram

PTI | New Delhi | Updated: 08-02-2020 17:57 IST | Created: 08-02-2020 17:57 IST
Central Park to invest Rs 1000 cr on new project in Gurugram

Realty firm Central Park on Saturday said it will invest around Rs 1,000 crore to develop a luxury housing project in Gurugram, Haryana. The company will develop over 500 housing units in the 13-acre housing project 'Bellavista', which is part of nearly 50-acre township 'Central Park Resorts' in Gurugram.

Central Park has already launched the first tower comprising 360 studios and one bedroom apartments starting at Rs 1.76 crore. The second tower, having around 150 units, will be launched in the next 3-4 months.

The cost of project including the land value is Rs 1,000 crore, Central Park said. The total built-up area of these two towers is around 10 lakh sq ft. Amarjit Bakshi, CMD, Central Park, said there are more than 500 expats from 30 nationalities living in this township.

The company would target foreigners, particularly Japanese, in this new project, he added. Kulwant Khurana, President – Sales, Marketing & CRM, Central Park, said, “ It will be a very innovative product. CXOs of large corporations will find it suitable to their needs and tastes and will make it a home."

In the township, the company has so far developed more than 1,500 units in three phases. This is the fourth phase. Gurugram-based Central Park has delivered 5.5 million sq. ft of residential and hospitality projects. It has over 10.9 million square feet of existing development and another 12 million square feet of planned projects in Gurgaon, Delhi and Goa.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

All party meeting - Blocking dialogue not culture of Bengal, Mamata needs to speak up

If that happens, history will record it as the dark age of Bengal....

Diya Jalao for COVID 19: How Modi put Power Grids and power warriors at risk?

While Prime Minister Narendra Modis staunch supporters are busy in search of hidden science behind the sudden announcement of 9minutes9pm campaign but his ignorance of the actual science has put the nation in another danger. The scientists ...

Videos

Latest News

COVID-19: World Athletics suspends Olympic qualification period until December

World Athletics on Tuesday decided to suspend the qualification period for the Tokyo Olympics until December 2020 due to the coronavirus pandemic. The decision was taken after consultation with the Athletes Commission.Qualification period f...

Taliban end 'fruitless' meetings with Afghan govt over prisoner swap

The Taliban will no longer participate in fruitless discussions with the Afghan government over a prisoner swap that had formed a key part of a deal with the US, the insurgents have said. The Talibans political spokesman Suhail Shaheen blam...

India asks TikTok, Facebook to remove users spreading coronavirus misinformation

India has told Facebook and Chinese video app TikTok to remove users found to be spreading misinformation about the coronavirus following concern about videos intended to mislead Muslims, according to a government source and a letter seen b...

Odisha s COVID-19 telemedicine helpline to start from Wednesday

After setting up seven dedicated COVID-19 hospitals with 1,497 beds for treating patients, the Odisha government on Tuesday said its telemedicine helpline would become operational from 11 am on Wednesday, officials said. People can dial 144...

Give Feedback