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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..