To tap the luxury housing market, Noida-based real estate player Galaxy Group along with Sawasdee Group has announced to invest Rs 1,000 crore to develop an ultra-luxurious residential project in South Delhi.
The upcoming project is set to become one of its first kinds of redevelopment projects in the region. Notably, the rising demand for luxurious properties over the last few years that offer a unique living experience has prompted builders to redefine their market approach and embraces the industry changes.
He added that the luxury housing sector is expected to sustain strong sales momentum going forward in the backdrop of rapid urbanization, improved affordability and needs.
Apart from the Rs 1,000 crore investment, Galaxy and Sawasdee are already working on multiple commercial projects in the national capital including in the Old Delhi region and developing a mega retail and commercial destination in Noida.
