Trident Realty to invest Rs 30 bn in Panchkula township

28 Nov 2022 CW Team

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.

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..