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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..