MRG World will invest Rs 200 crore in a housing project-MRG World The Balcony, in sector-93, Gurugram.
Rajat Goel, joint managing director of the company said “The entire investment would be met through internal accruals and customer advances. We will be launching five more projects this year in affordable segments under PMAY.”
The total built-up area of the project would be five lakh sq ft (approx.) which will house eight towers with a total of 731 units.
The construction of the project has started and will be completed in four years, as stipulated under the housing policy of the Haryana government. The customers would be eligible to get interest subsidy under the Pradhan Mantri Awas Yojana.
“We are entering into affordable housing as there is a huge demand in this segment,” MRG World deputy MD Vikas Garg said.
Source :ET Realty