Ganga Realty acquires land for luxury and affordable housing projects

19 May 2023 CW Team

Ganga Realty, a real estate developer, has acquired 8.35 acres of land in Sector 84, Gurgaon, for ₹132 crore. The company plans to develop a luxury group housing project on the land, which will have a total built-up area of 1.5 million square feet. Of this, 10.5 lakh square feet will be residential and 4.5 lakh square feet will be retail.

The company will invest another ₹750-800 crore to develop the project. Ganga Realty is also planning to invest ₹750 crore in its new affordable housing project, Tathastu, in Gurugram. The project is spread across 22 acres and will consist of approximately 2,972 units. This will be Ganga Realty's first affordable housing project.

Vikas Garg, Joint Managing Director of Ganga Realty, said that the company would develop 1.5 million square feet on the project, of which 10.5 lakh square feet would be residential and 4.5 lakh square feet would be retail. He also said that the company continued to look for land to expand its portfolio in the luxury and affordable housing segments.

Garg added that Sohna was primarily an end-user driven market and hence had always had a sustained level of demand. He said that the improved connectivity would help the sale of the project.

The company plans to develop both projects from internal accruals.

Also Read
Srinagar smart city takes charge of parking zones in ITMS overhaul
Dahod demolition drive advances for smart city project

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..