Gurugram-based realty firm Ganga Realty will invest Rs 750 crores to develop its first affordable housing, named 'Tathastu' in Gurgaon located in Sector 5, Sohna- Gurugram.
The company will develop 14 towers with around 2,972 affordable units under the project. The project will offer 3 BHK apartments and its carpet area is 645.73 sq ft and the super area will be 1,000 sq. ft. The 3BHK configuration units have been priced at Rs 25.14 lakhs in the project.
The project will be spread across approx. 22 acres. Its funding will come through several sources like internal monetary strengths and customer advances. Vikas Garg, JMD, Ganga Realty, has also announced that the company is completely debt-free. The company has also revealed that the project is self-funded and is expected to be delivered by the first quarter of 2027. The residential project will also comprise of several recreational amenities and other facilities in the vicinity.
Vikas Garg, Joint Managing Director, Ganga Realty, said “Sohna is primarily an end user driven market and hence have always had a sustained level of demand. Looking forward to the vision of Housing for All, Homes in an affordable and mid segment budget is a must to fulfil the demand for housing in the country.”
According to the company, the project has received massive customer engagement within just two days of its launch. The project is oversubscribed and has received an overwhelming response.
He further added, “The project, though in the affordable category, will be built with the best of construction technology and will have all the world class amenities. The entire investment would be met through internal accruals and customer advances.”
