Adore Group, a Gurgaon-based real estate developer, has acquired a 10.20-acre plot of land in sector 77 and plans to invest Rs 200 crore in its development, according to a senior official.
The project will have a clubhouse spread across 60,000 sq ft. The project, which has 12 towers with over 700 units, is expected to bring in Rs 1,000 crore in revenue for the company.
“This is the first time in Gurgaon when a project will be based on the Greek lifestyle,” said Jetaish Gupta, Founder & Director, Adore Group.
Adore has completed 20 projects totaling 10.11 million sq ft.
A record number of housing unit launches are expected in Delhi-NCR during the following festive season since several developers have bought land in the last six months to meet the growing demand for homes.
Developers with planned launches in the year’s second half include DLF, Godrej, L&T, TARC, Signature Global, and County Group.
Residential launches in the first half of this year were already more than double those in the same period last year, says Cushman & Wakefield. In Delhi-NCR, 10,963 residential units were launched in the first half of the year, almost as many as were introduced in 2019.