Home / Business and Economy / Gurugram Gets Rs 3,500 Cr Ultra-Luxury Housing
Gurugram Gets Rs 3,500 Cr Ultra-Luxury Housing
3 Nov
Summary
- Pioneer Urban plans Rs 3,500 crore investment for a luxury housing project.
- The 7-acre project in Gurugram will feature 250 apartments.
- Apartment prices in the 'Alura' project start at Rs 28 crore.
Pioneer Urban Land and Infrastructure Ltd. announced a substantial Rs 3,500 crore investment to develop an ultra-luxury housing project in Gurugram. This expansion plan includes the creation of approximately 250 apartments across a 7-acre site named 'Alura,' situated in Sector 62 along Golf Course Extension Road.
The project has commenced construction, with the first deliveries anticipated in the second quarter of 2031. The total built-up area for 'Alura' is projected to be 3.4 million sq ft, and individual apartment prices will begin at Rs 28 crore.
This initiative reinforces Pioneer Urban's long-standing commitment to Gurugram's development, having contributed to the city's residential and commercial landscape for four decades. The 'Alura' project is distinguished by its green features, having achieved WELL certification and IGBC Platinum pre-certification.
