June 4, 2024 |
Paras Buildtech to Develop Rs 490-cr Residential Project in Gurugram, Eyes Rs 1200-cr Topline
This high-rise residential project, named The Manor, spans 4.26 acres and offers an exclusive collection of just 120 luxury apartments.
Paras Buildtech has announced the launch of its super luxury project ‘The Manor’ at Gwal Pahari in Gurugram. This high-rise residential project spans 4.26 acres and offers an exclusive collection of just 120 luxury apartments.
According to the company, the Manor promises an exceptional living experience coupled with panoramic views of the Aravalli Hills. The company expects a total revenue (topline) of Rs 1200 crore from this launch with an investment of Rs 490 crore in this project.
Each residence boasts an impressive 4,750 square feet, offering ample space for comfortable living. Each residence features a two-to-core configuration, maximizing privacy for its discerning residents. The project is expected to be delivered by August 2028. The Manor is situated adjacent to Paras Quartier, another luxury project by Paras Buildtech launched in 2012.
Commenting on this, Kunal Rishi, COO of Paras Buildtech, said, “We are thrilled to introduce The Manor, setting a new benchmark in new-age luxury living in Delhi NCR. With a well thought-out design, state-of-the-art contemporary amenities, and a serene, naturally organic setting, The Manor is curated to cater to the discerning tastes of modern homebuyers seeking unparalleled comfort and luxury.”
“Gwal Pahari has undoubtedly emerged as a preferred choice for homebuyers in Delhi NCR. Its unparalleled strategic location offers seamless logistical connectivity between Delhi and Gurugram. Additionally, the location retains its pristine natural greenery, contributing to a better Air Quality Index (AQI) compared to the rest of Gurugram’s cityscape. The Paras team has received an amazing response from all stakeholders, and a majority of the inventory has already been sold,” he added.
Nestled amidst the majestic Aravalli Hills, The Manor embodies luxury amidst greenery, offering discerning homebuyers an unparalleled living experience. “Situated in a low Air Quality Index (AQI) environment, residents can breathe clean, fresh air surrounded by lush greenery. As the first IGBC platinum-certified project, we meticulously crafted every aspect with a focus on advanced sustainability practices, making them an integral part of the holistic design,” Rishi said.
The Manor’s location, Gwal Pahari, has seen remarkable growth in real estate demand due to its strategic connectivity to Delhi and the city center. Nestled between the thriving commercial hubs of Gurugram, Faridabad, and Delhi, it offers an ideal location for residents. Gwal Pahari’s serene environment and vast green spaces are attracting prestigious real estate developments, appealing to homebuyers seeking an escape from the city’s chaos. The Manor represents a harmonious blend of opulence, functionality, and exclusivity, offering residents a lifestyle of utmost refinement. Building upon Paras Buildtech’s two-decade legacy of excellence in real estate, The Manor stands as a testament to their commitment to creating iconic residential landmarks in Gurugram.
With a successful track record of delivering 15 million square feet of retail, commercial, and residential spaces, Paras Buildtech boasts a substantial pre-leasing for their latest venture, Paras Avenue in Sector 129, Noida.
Source : FE
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