Processing .....please wait.. 
The article has been forwarded.... 
Real Estate >> News
Adore Group to Invest Rs 800 Crore in Ultra-Luxury Housing Project in Faridabad
By
siliconindia
|
Tuesday, May 27, 2025
.png){kind=logo}
- Adore Group to invest Rs 800 crore in ultra-luxury housing project ‘The Select Premia’ in Faridabad’s Sector-76.
- Project spans 5.47 acres with 190 premium apartments, land acquired from HSVP in 2023.
- Delhi-NCR housing market sales surged 63% in 2024.
Realty developer Adore Group has announced a significant investment of around Rs 800 crore to launch an ultra-luxury residential project, 'The Select Premia', in Sector-76, Faridabad. The project, spread over 5.47 acres, will feature 190 premium apartments catering to the growing demand for high-end housing in the region.
The land for this development was acquired by Adore Group in 2023 through auctions conducted by Haryana Shahari Vikas Pradhikaran (HSVP). The investment of Rs 800 crore covers land acquisition, construction, and other associated expenses.
Jetaish Gupta, Representative of Adore Group, highlighted Faridabad’s rapid growth, fueled by a booming economy driven by a surge in IT and manufacturing sectors. The city’s evolving landscape makes it a strategic location for luxury real estate developments.
Adore Group, known for completing 17 successful housing projects in Faridabad and Gurugram, is optimistic about the potential of this new venture.
Supporting the optimistic outlook, data from analytics firm PropEquity shows that the Delhi-NCR housing market recorded a 63% year-on-year sales increase, reaching Rs 1.53 lakh crore in 2024, signaling strong demand for residential properties in the region.
Read More News :
|
|
