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
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