Royal Green Realty to infuse Rs 150 cr in affordable housing project

08 Mar 2022 CW Team

Royal Green Realty based in National Capital Region (NCR) to invest Rs 150 crore in the development of an affordable housing project in Sector 62 of Gurgaon.

They will be developing this project on a land parcel of 6 acres, there will also be a 50,000 sq ft component of retail space.

Royal Green Realty Managing Director Yashank Wason, said the company will develop projects not available in the micro-market. They realised that there are no affordable housing projects on the extension road of the Golf Course and that their first Gurgaon project is going to be under the policy of the Haryana government.

The company has recently received approval from Real Estate Regulatory Authority (RERA) for its project, and it is expected to generate a revenue of 250 crore from the project.

Royal Green Realty Director Varun Makhija said that the houses under this affordable policy will be allotted by the Haryana government and the developer does not have any control over it. The pandemic gave impetus to this sector and with buyers getting subsidy benefits under the Pradhan Mantri Awas Yojana (PMAY), the housing demand under the policy stands high.

The company has been developing the Royal Green Industrial Park project located in Matan, Jhajjar, Haryana spread across 17.48 acres under the Enterprises Promotion Policy 2020 (EPP) of Haryana aiming to establish Haryana as a competitive as well as a favored investment destination in India.

Image Source

Also read: IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..