Royal Green Realty to infuse Rs 150 cr in affordable housing project
Real Estate

Royal Green Realty to infuse Rs 150 cr in affordable housing project

Royal Green Realty based in National Capital Region (NCR) to invest Rs 150 crore in the development of an affordable housing project in Sector 62 of Gurgaon.

They will be developing this project on a land parcel of 6 acres, there will also be a 50,000 sq ft component of retail space.

Royal Green Realty Managing Director Yashank Wason, said the company will develop projects not available in the micro-market. They realised that there are no affordable housing projects on the extension road of the Golf Course and that their first Gurgaon project is going to be under the policy of the Haryana government.

The company has recently received approval from Real Estate Regulatory Authority (RERA) for its project, and it is expected to generate a revenue of 250 crore from the project.

Royal Green Realty Director Varun Makhija said that the houses under this affordable policy will be allotted by the Haryana government and the developer does not have any control over it. The pandemic gave impetus to this sector and with buyers getting subsidy benefits under the Pradhan Mantri Awas Yojana (PMAY), the housing demand under the policy stands high.

The company has been developing the Royal Green Industrial Park project located in Matan, Jhajjar, Haryana spread across 17.48 acres under the Enterprises Promotion Policy 2020 (EPP) of Haryana aiming to establish Haryana as a competitive as well as a favored investment destination in India.

Image Source

Also read: IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

Royal Green Realty based in National Capital Region (NCR) to invest Rs 150 crore in the development of an affordable housing project in Sector 62 of Gurgaon. They will be developing this project on a land parcel of 6 acres, there will also be a 50,000 sq ft component of retail space. Royal Green Realty Managing Director Yashank Wason, said the company will develop projects not available in the micro-market. They realised that there are no affordable housing projects on the extension road of the Golf Course and that their first Gurgaon project is going to be under the policy of the Haryana government. The company has recently received approval from Real Estate Regulatory Authority (RERA) for its project, and it is expected to generate a revenue of 250 crore from the project. Royal Green Realty Director Varun Makhija said that the houses under this affordable policy will be allotted by the Haryana government and the developer does not have any control over it. The pandemic gave impetus to this sector and with buyers getting subsidy benefits under the Pradhan Mantri Awas Yojana (PMAY), the housing demand under the policy stands high. The company has been developing the Royal Green Industrial Park project located in Matan, Jhajjar, Haryana spread across 17.48 acres under the Enterprises Promotion Policy 2020 (EPP) of Haryana aiming to establish Haryana as a competitive as well as a favored investment destination in India. Image Source Also read: IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?