Ganga Realty to invest Rs 750 cr to build affordable housing project

23 Mar 2023 CW Team

Ganga Realty will invest Rs 750 crore to construct an affordable housing project in Gurugram.

The company will build 2,972 apartments in the new 'Tathastu' project, which will span 22 acres in Sector 5, Sohna-Gurugram. The apartment is priced starting at Rs 25 lakh.

"The company will invest Rs 750 crore in the development of an affordable housing project," Ganga Realty stated in a statement.

The total project cost, according to Vikas Garg, Joint Managing Director of Ganga Realty, is Rs 750 crore, which will be funded through internal accruals and customer advances.

The project is set to be completed in the first quarter of 2027.

Garg stated that Sohna is primarily a market driven by end users.

Signature Global, a real estate firm, is a market leader in the affordable housing segment in Gurugram.

According to property consultant Anarock, sales of residential properties in Gurugram will more than double to 32,617 units by 2022 due to increased demand across all price categories, including affordable, mid-income, and luxury.

During the fiscal year 2021, Gurugram's housing sales totaled 15,590 units.

Overall, housing sales in the Delhi-NCR increased by 59% to 63,712 units in 2022, up from 40,053 units the previous year.

Also Read
Adani Krishnapatnam Port records highest coal loading
Adani Group suspends work on $4 bn coal-to-PVC plant

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..