MRG to fund Rs 350 cr for affordable housing project

11 Aug 2021 CW Team

MRG Group, a construction company, which is into affordable housing development, is investing nearly Rs 350 crore in a project construction in Gurgaon. The project includes 1,334 units, and is spread across 10 acre.

It is MGR's fourth affordable housing project. In the housing unit The Skyline, the prices begin from Rs 25.26 lakh.

According to the MRG World officials, there is a rising demand for affordable housing in Gurgaon.

Vikas Garg, Deputy MD, MRG World, told the media that costing of the project would be financed via internal accruals.

The Skyline is located at Dwarka Expressway at Sector 106, developing in single-phase over four years. It is the first affordable housing project in Gurgaon which comprises a car parking space, sports field, and swimming pool.

The firm has three ongoing projects in Gurgaon, and according to the realty group, it would be ready before time. The Balcony at Sector 93, Ultimus is at Sector 90, and The Meridian at sector 89, Gurgaon.

Each of these projects is below the Pradhan Mantri Awas Yojna (PMAY) registration. MRG World also has its presence in the financial, education, and Agri sectors.

Image Source

Also read: SWAMIH Fund to invest in six Amrapali projects worth Rs 650 cr

Also read: Affordable rental housing: DDA nods scheme under Delhi Master Plan

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..