Trident Realty to invest Rs 30 bn in Panchkula township
Real Estate

Trident Realty to invest Rs 30 bn in Panchkula township

Trident Realty will invest about Rs 30 billion to build a 200-acre luxury housing township at Panchkula in Haryana as part of its expansion plans, its chairman S K Narvar said.

The firm has acquired this land parcel through the insolvency process and spent around Rs 4 billion to settle the loans of financial institutions. It has also provided plots to around 450 homebuyers stuck in this project.

The Delhi-based company has a presence in the National Capital Region, Mumbai Metropolitan Region (MMR), and is now entering Chandigarh tri-city through this new project.

“We have launched our new luxury residential project Trident Hills in Panchkula. This 200-acre land parcel is located in the foothills of the Shivaliks. We will be developing around 6 million square feet area in this township, including villas, group housing, independent floors and plots,” Narvar said.

The project will be developed over the next seven-eight years. Narvar said the company launched the project last week and has already sold around 300 plots with a sale value of Rs 5 billion.

He said the demand for luxury homes has increased in tier II and III cities on account of rising aspirations.

On other projects, Narvar said the company has already completed a 12-acre project, Trident Embassy, in Noida Extension, comprising 1,400 units.

See also:
Uttar Pradesh to construct 860,000 houses under PMAY
Navi Mumbai: Plot sold for record Rs 554,000 per sq m


Trident Realty will invest about Rs 30 billion to build a 200-acre luxury housing township at Panchkula in Haryana as part of its expansion plans, its chairman S K Narvar said. The firm has acquired this land parcel through the insolvency process and spent around Rs 4 billion to settle the loans of financial institutions. It has also provided plots to around 450 homebuyers stuck in this project. The Delhi-based company has a presence in the National Capital Region, Mumbai Metropolitan Region (MMR), and is now entering Chandigarh tri-city through this new project. “We have launched our new luxury residential project Trident Hills in Panchkula. This 200-acre land parcel is located in the foothills of the Shivaliks. We will be developing around 6 million square feet area in this township, including villas, group housing, independent floors and plots,” Narvar said. The project will be developed over the next seven-eight years. Narvar said the company launched the project last week and has already sold around 300 plots with a sale value of Rs 5 billion. He said the demand for luxury homes has increased in tier II and III cities on account of rising aspirations. On other projects, Narvar said the company has already completed a 12-acre project, Trident Embassy, in Noida Extension, comprising 1,400 units. See also: Uttar Pradesh to construct 860,000 houses under PMAYNavi Mumbai: Plot sold for record Rs 554,000 per sq m

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