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Luxury Meets India: ELIE SAAB Enters Delhi-NCR Real Estate
13 Jan
Summary
- ELIE SAAB partners with M3M India for two ultra-luxury housing projects.
- Total investment for these Delhi-NCR projects amounts to Rs 3,500 crore.
- Projects will feature 300 homes in Gurugram and 650 in Noida.
Global fashion and lifestyle brand ELIE SAAB has partnered with M3M India to develop two ultra-luxury housing projects in Delhi-NCR. This significant venture represents an investment of Rs 3,500 crore, aiming to bring exclusive branded residences to the Indian market.
The collaboration involves M3M India constructing 300 apartments on Dwarka Expressway in Gurugram, with an investment of Rs 2,000 crore for 1.3 million square feet of development. In Noida, a group firm will build around 650 units across 1.2 million square feet, backed by Rs 1,500 crore in investment.
ELIE SAAB Jr. expressed optimism about the Indian market, noting the brand's existing portfolio of over 25 global real estate projects since 2019. The brand also plans to open a ready-to-wear store in Delhi, further solidifying its presence in India.
