Unitech Resumes Construction of South Park Project
Real Estate

Unitech Resumes Construction of South Park Project

Unitech has announced the resumption of construction for its South Park project located in Gurugram, marking a significant development in the real estate sector.

Project Overview: The South Park project, a prominent residential development by Unitech, had faced delays. The decision to restart construction comes as a positive move for the real estate market in Gurugram, which is experiencing renewed activity and interest.

Resumption of Work: After a period of stagnation, Unitech has resumed work on the South Park project. This restart is expected to address previous delays and bring the project closer to completion, benefiting prospective homeowners and investors.

Impact on Gurugram Real Estate: The resumption of the South Park project is likely to have a favorable impact on the real estate market in Gurugram. It reflects positively on the developer?s commitment to fulfilling project timelines and can boost investor confidence in the region.

Developer's Commitment: Unitech?s decision to restart construction demonstrates a commitment to advancing its residential projects. This move is expected to enhance the company?s reputation and contribute to its ongoing efforts to deliver quality residential spaces.

Project Features: The South Park project is known for its planned amenities and residential offerings. Once completed, it is expected to provide modern living spaces with various facilities, aligning with the growing demand for quality housing in Gurugram.

Market Response: The restart of construction is anticipated to generate interest among buyers and investors who have been waiting for the project's revival. It is also expected to positively influence the overall real estate sentiment in the area.

Future Prospects: As construction progresses, Unitech is expected to provide regular updates on the project?s status. The successful completion of South Park could set a precedent for future developments and contribute to the company?s growth trajectory.

Conclusion: Unitech?s move to restart construction on the South Park project is a notable development in the Gurugram real estate market. It signifies a positive shift for the developer and the region, offering renewed hope for stakeholders and potential buyers.

Unitech has announced the resumption of construction for its South Park project located in Gurugram, marking a significant development in the real estate sector. Project Overview: The South Park project, a prominent residential development by Unitech, had faced delays. The decision to restart construction comes as a positive move for the real estate market in Gurugram, which is experiencing renewed activity and interest. Resumption of Work: After a period of stagnation, Unitech has resumed work on the South Park project. This restart is expected to address previous delays and bring the project closer to completion, benefiting prospective homeowners and investors. Impact on Gurugram Real Estate: The resumption of the South Park project is likely to have a favorable impact on the real estate market in Gurugram. It reflects positively on the developer?s commitment to fulfilling project timelines and can boost investor confidence in the region. Developer's Commitment: Unitech?s decision to restart construction demonstrates a commitment to advancing its residential projects. This move is expected to enhance the company?s reputation and contribute to its ongoing efforts to deliver quality residential spaces. Project Features: The South Park project is known for its planned amenities and residential offerings. Once completed, it is expected to provide modern living spaces with various facilities, aligning with the growing demand for quality housing in Gurugram. Market Response: The restart of construction is anticipated to generate interest among buyers and investors who have been waiting for the project's revival. It is also expected to positively influence the overall real estate sentiment in the area. Future Prospects: As construction progresses, Unitech is expected to provide regular updates on the project?s status. The successful completion of South Park could set a precedent for future developments and contribute to the company?s growth trajectory. Conclusion: Unitech?s move to restart construction on the South Park project is a notable development in the Gurugram real estate market. It signifies a positive shift for the developer and the region, offering renewed hope for stakeholders and potential buyers.

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App