MRG to fund Rs 350 cr for affordable housing project
Real Estate

MRG to fund Rs 350 cr for affordable housing project

MRG Group, a construction company, which is into affordable housing development, is investing nearly Rs 350 crore in a project construction in Gurgaon. The project includes 1,334 units, and is spread across 10 acre.

It is MGR's fourth affordable housing project. In the housing unit The Skyline, the prices begin from Rs 25.26 lakh.

According to the MRG World officials, there is a rising demand for affordable housing in Gurgaon.

Vikas Garg, Deputy MD, MRG World, told the media that costing of the project would be financed via internal accruals.

The Skyline is located at Dwarka Expressway at Sector 106, developing in single-phase over four years. It is the first affordable housing project in Gurgaon which comprises a car parking space, sports field, and swimming pool.

The firm has three ongoing projects in Gurgaon, and according to the realty group, it would be ready before time. The Balcony at Sector 93, Ultimus is at Sector 90, and The Meridian at sector 89, Gurgaon.

Each of these projects is below the Pradhan Mantri Awas Yojna (PMAY) registration. MRG World also has its presence in the financial, education, and Agri sectors.

Image Source


Also read: SWAMIH Fund to invest in six Amrapali projects worth Rs 650 cr

Also read: Affordable rental housing: DDA nods scheme under Delhi Master Plan

MRG Group, a construction company, which is into affordable housing development, is investing nearly Rs 350 crore in a project construction in Gurgaon. The project includes 1,334 units, and is spread across 10 acre. It is MGR's fourth affordable housing project. In the housing unit The Skyline, the prices begin from Rs 25.26 lakh. According to the MRG World officials, there is a rising demand for affordable housing in Gurgaon. Vikas Garg, Deputy MD, MRG World, told the media that costing of the project would be financed via internal accruals. The Skyline is located at Dwarka Expressway at Sector 106, developing in single-phase over four years. It is the first affordable housing project in Gurgaon which comprises a car parking space, sports field, and swimming pool. The firm has three ongoing projects in Gurgaon, and according to the realty group, it would be ready before time. The Balcony at Sector 93, Ultimus is at Sector 90, and The Meridian at sector 89, Gurgaon. Each of these projects is below the Pradhan Mantri Awas Yojna (PMAY) registration. MRG World also has its presence in the financial, education, and Agri sectors. Image Source Also read: SWAMIH Fund to invest in six Amrapali projects worth Rs 650 cr Also read: Affordable rental housing: DDA nods scheme under Delhi Master Plan

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000