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

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..