Real estate developer Tulip Infratech has announced plans to invest approximately ₹1,100 crore in the development of a new luxury residential project in Gurugram, strengthening its presence in one of the National Capital Region’s most sought-after housing markets.
The Gurugram-based company has partnered with a landowner to develop Tulip Melrose, a premium residential project spread across 7.5 acres on the Southern Peripheral Road (SPR). The project will feature more than 600 luxury apartments and is expected to be completed within the next four years.
Speaking to reporters, Tulip Infratech promoter Siddharth Jain said the planned investment of ₹1,100 crore excludes land acquisition costs. The project has already been launched for sale, with apartment prices starting at around ₹6 crore.
Highlighting the location’s potential, Parveen Jain, Chairman and Managing Director of Tulip Infratech, said that SPR is witnessing rapid transformation and is emerging as one of NCR’s most significant luxury residential corridors.
According to Siddharth Jain, the development will comprise four residential towers rising to nearly 495 feet, making them among the tallest residential structures in the SPR region.
Commenting on market conditions, Jain noted that housing demand in Gurugram has moderated compared to the strong momentum witnessed in 2024. However, he added that Tulip Melrose has received encouraging interest from both end-users and investors, driven by its competitive pricing and premium offerings.
Tulip Infratech has delivered more than ten real estate projects in Gurugram to date. The company is currently developing Tulip Monsella, a luxury housing project with an estimated investment of ₹3,600 crore, and Tulip Crimson, another premium residential development involving an investment of approximately ₹1,200 crore.
