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Silverglades to invest Rs 500 crore in mix-use luxury project in Gurgaon

Gurgaon-based boutique actual property developer Silverglades stated it is going to make investments round Rs 500 crore to construct an ultra-luxury mix-use residential challenge within the metropolis.

Silverglades will assemble 260 excessive finish 3-Four BHK flats and three lakh sq ft of business retail house on this mixed-use challenge.

“There’s very restricted availability of luxurious housing items within the coronary heart of town. We’re focusing on to cater to this want” Silverglades Group CEO, Anubhav Jain stated.

The demand in luxurious housing section has risen after the outbreak of the pandemic as persons are realizing the significance of residence possession. Bigger flats are being most well-liked by potential residence consumers.

“We now have already offered 25 per cent of our inventories in final three months,” he stated.

The corporate will promote flats in a value vary of Rs 3.5 crore to Rs 5.5 crore on this challenge. The business space, comprising retail and workplace areas, might be offered in addition to leased out.

Hightown Residences is positioned in Sector 28, Sushant Lok 1.

The corporate has accomplished six initiatives to date and is presently creating three initiatives The Melia—a housing challenge unfold over 17.5 acres, Melia First Citizen for senior residing and Hill Dwelling at Kasauli in Himachal Pradesh.

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