Anant Raj Group and Birla Estates Sign Joint Venture Land in Gurugram

Anant Raj Group and Birla Estates Sign Joint Venture Land in Gurugram

Anant Raj Group and Birla Estates Join Forces for Luxury Development in Gurugram. Real estate giants Anant Raj Group and Birla Estates have announced a joint venture deal in Gurugram to develop a high-end residential community in Sector 63 A, Gurugram.

Project Highlights:

• Joint Venture: Avarna Projects LLP (50:50 ownership)
• Location: Sector 63A, Gurugram
• Project Area: 73 acres
• Saleable Area: Approximately 3.5 million sq ft
• Project Type: Premium gated community
• Residential Options: Low-rise floors and group housing
• Estimated Investment: Rs 760 crore (including land contribution and loan)
• Project Timeline: Construction to begin in November 2019, completion in 3-4 years
• Estimated Booking Value Potential: Over Rs 4,000 crore

Significance:

• This project marks Birla Estates’ entry into the Gurugram market and signifies their strategic expansion plans.
• The Gurugram market is identified as high-growth with limited quality residential options, offering potential for significant price appreciation.

Company Quotes:

• K.T. Jithendran, CEO, Birla Estates: “This project marks our foray into the NCR market through a joint development model. The limited supply of quality residential options in Gurugram presents a great opportunity.”

This collaboration brings together the expertise of both companies to create a premium residential project in Gurugram. The project promises to offer a luxurious living experience with modern amenities in a well-connected location.

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 or want to publish your news or article please email news@jvdeals.in