Golden Growth Fund will develop the Gulmohar Park residential project after acquiring a land parcel in New Delhi. The company announced the acquisition on Monday, March 30. The project is expected to generate an estimated revenue of 100 INR-Crore. Furthermore, Grovy India Ltd will develop the project.
The project will be executed on an anticipated 500 SqYd (0.10 Acres) land parcel. It will have a total built-up area of about 20,000 SqFt. The development will utilise an FAR of 2.25. It will feature four independent residential floors, with one unit on each floor. Each unit will span around 3,500 SqFt. Additionally, the project will include parking infrastructure, advanced security systems, and modern residential amenities.
Also Read: Upcoming EPIL DTC Bus Depot Redevelopment, Mukherjee Nagar, Delhi
The Gulmohar Park residential project will add premium residential supply in South Delhi. It will also support redevelopment activity in land-constrained urban areas. The project reflects continued investment in high-value residential markets in New Delhi.
Biltrax Construction Data is tracking 38,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
