Silverglades to invest Rs.5 bn in mixed-use project in Gurugram

The Gurugram-based Silverglades Group will invest around Rs.5 bn to develop a mixed-use project in Gurugram as part of expansion plan. Called Hightown, it includes 260 luxury apartments and 3 lakh sq ft of commercial retail space. The project cost is estimated at around Rs.5 bn. According to the firm, there is very limited availability of luxury housing units in the heart of the city. The demand in luxury housing segment has risen after the outbreak of the pandemic, and larger apartments are being preferred. The apartments are in the price range of Rs.35 mn to Rs.55 mn. The commercial area, comprising retail and office spaces, will be sold as well as leased out.

Contact: Silverglades Group.

Tel: 0124-455 0300.

E-mail: mail@silverglades.com

Website: www.silverglades.com