In a significant announcement, a company has revealed its intention to construct a luxury housing project in Gurgaon over the next three years. Additionally, it plans to explore opportunities in the international market during the upcoming financial year. The starting sale price for a home in this project will be approximately Rupees 1.5 crore. This expansion plan includes the initiation of around 10 new projects within this year. The company also aims to diversify by looking into two new lines of business related to land development, albeit these initiatives will be on a smaller scale compared to its core realty operations.
As the timeline unfolds, the initiative to enter international markets is already in advanced stages, although details regarding the two new business lines remain limited at this initial phase. Notably, this luxury housing development marks the company's second project in Gurgaon, with further plans to launch two additional projects within the Delhi-NCR region in this financial year.