July 29, 2024 |
JMS Group Acquires 8.65 Acres for New Gurugram Group Housing Project, Eyes a Topline of Rs 1,000 Cr
The company has allocated an investment of approximately Rs 400 crore for the construction of this residential project.
Realty developer JMS Group has finalized the acquisition of 8.65 acres of prime land in Sector 95A, New Gurugram. This strategic acquisition paves the way for the JMS Group to embark on a large-scale group housing project in one of the most coveted locations in the National Capital Region (NCR).
Upon completion, the upcoming project is projected to generate revenues nearing Rs 1,000 crore, marking a significant milestone in JMS Group’s expansion strategy in Gurugram.
Commenting on the same, Pushpender Singh, Managing Director of JMS Group, said, “Acquiring this prime land in New Gurugram underscores our strategic growth plans. We are excited about the potential of this project to redefine urban living in Gurugram. This endeavour not only represents a substantial investment but also reaffirms our dedication to creating sustainable and contemporary living environments.”
The group housing development will showcase a fusion of modern amenities and eco-friendly design, tailored to meet the evolving preferences of homebuyers in Gurugram. It is set to offer a diverse range of housing options, catering to various segments of the market and enriching the city’s real estate landscape.
Construction is slated to commence post approvals, with completion expected within the next few years. With its prime location and a track record of successful real estate ventures, the JMS Group anticipates strong interest from both prospective homeowners and investors.
As JMS Group prepares to undertake this project, it reaffirms its commitment to shaping the future of Gurugram’s real estate market and delivering exceptional value to all stakeholders.
Source : FE
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