Chintels to Invest Rs 400 Cr on Commercial Realty Project in Gurugram
Chintels Group will make an investment of over Rs 400 crore to develop a new commercial project in Gurugram, Haryana, as it expects a rise in demand for office and retail spaces. The company will develop 6.25 lakh sq ft area in seven-acre project Chintels Centre comprising both office and retail spaces. The company has already completed a commercial project Chintels Corporate Park on Dwarka Expressway comprising 2.5 lakh sq ft area and has started the leasing process. The company has kept some space for its own corporate office and the rest will be leased out to other enterprises. It has now started construction of a new commercial project on Dwarka Expressway. The total project cost is estimated at around Rs 410 crore. The company is developing a housing project Chintels Serenity at Sector-109, Gurugram with an investment of over Rs 400 crore. It is constructing 444 units across nine towers spread over 9.75 acre. It has already completed four towers, while the remaining five towers are in the finishing stage. Chintels has a huge land bank in the Dwarka Expressway area. Besides developing projects on its own, the company has tied up with realty players such as Sobha and ATS Group to develop housing projects in this area. With Sobha, it is developing a 168 acre integrated township International City.
Tags : News/Views Gurugram invest Chintels Commercial Realty Project