Gulshan Group and Ourika Estates have formed a development platform to invest an estimated 750 INR-Crore across premium residential projects in Ghaziabad and Lucknow. The combined built-up area of the two projects is anticipated to be 1.5 Million-SqFt.
The platform has secured two land parcels in Madhuban Bapudam in Ghaziabad and Gomti Nagar Extension in Lucknow for the first phase. The Ghaziabad land parcel spans over an anticipated 8,750 SqM and was acquired from the Ghaziabad Development Authority. Meanwhile, the second land parcel is anticipated to be 10,328 SqM in Lucknow and was acquired from the Lucknow Development Authority.
Also Read: Upcoming Mixed-Use Development – Valor L&T Conrad, BKC, Mumbai
Gulshan Group and Ourika Estates will add to the residential construction pipeline in Ghaziabad and Lucknow through the development platform. The projects will contribute to ongoing housing development activity across both cities.
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