September 14, 2024 |
Trevoc Targets Rs 1,000 Crore Revenue From Gurgaon Project
Realty developer Trevoc group is expecting Rs 1,000 crore revenue from a luxury residential project on Gurgaon’s Golf Course road.
ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, will invest Rs 120 crore in the project while Trevoc is investing Rs 80 crore.
In October last year, through an auction held by the Haryana Shahari Vikas Pradhikaran (HSVP), the state urban development authority, a two-acre plot in Sector 56 was auctioned for Rs 120 crore to Trevoc.
The project, Trevoc Royal Residences will have 172 high-end apartments.
“This project offers more than just luxury amenities—it delivers an unparalleled experience for those who appreciate the finer things in life,” said Gurpal Singh Chawla, Managing Director of Trevoc.
The group has plans to develop over 5 million square feet of residential space, along with 1 million square feet of retail and office spaces. Additionally, the company also plans to develop 75-100 acres of plotted land, further expanding its footprint in the region.
Source : ET
Related Articles
Sumitomo-backed Krisumi Corporation launches new phases of housing project in Gurugram, plans ₹4,500 crore investment
Krisumi Corporation, a 50:50 joint venture between Japan’s Sumitomo Corporation and India’s Krishna Group, has launched the fifth and sixth […]
R2R Developers Sector 20 Jhajjar: Smart Investment in Growing Location
R2R Developers Sector 20 Jhajjar is in high demand as a new plotted development, a mix of strategic location, planned […]
Why planning, not materials, defines modern construction speed
The most important raw material on any construction site is not steel, cement, or glass. It is ‘Planning’. In real estate […]