Brahma plans township in Gurgaon

New York-based Brahma Management announces major plans for setting up its planned Brahma City. The company has signed a Rs 600-650 crore deal for 152 acre in Gurgaon, and has been licensed by the Haryana Government for building the 5 mn sq ft township. The development cost of the project is around Rs 919.32 crore ($200 million). Brahma Management has a 74 per cent share in the Brahma City Project. The total development spreads across 5 mn sq ft. Residential units will be around 4.5 mn sq ft, while the remaining will be commercial development.