Gurugram's affordable housing to be built by Ganga Realty for Rs 7.5 bn

17 Mar 2023 CW Team

The first affordable housing complex, dubbed "Tathastu," will be developed in Gurugram by the real estate company Ganga Realty, which is situated in Gurugram. The project is 20 minutes away from the proposed metro station and is situated in Sector 5 of Gurugram. It will also provide simple access to the KMP Expressway and IGI Airport.

As part of the project, the business will build 14 towers with about 2972 affordable units. With a carpet area of 645.73 sq ft and a super area of 1000 square feet, the project would provide 3 BHK units. The cost of the 3BHK configuration apartments is Rs 2.5 million.

About 22 acres will be covered by the project. It will receive funding from a variety of sources, including internal financial strengths and client advances.The company is totally "debt-free" and the project is "self-funded," with completion anticipated for the first quarter of 2027.

The housing development will also include a number of recreational facilities, including a park, a kids' area, an elevated clubhouse, a swimming pool, and many other features. Schools, commercial centres, and other facilities are nearby as well.

Also read:
BL Kashyap wins orders worth Rs 158 crores
DLF to spend 40% of yearly capex on commercial projects in Chennai

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..