BPTP to invest Rs 3,000 crore in new housing project in Gurugram

In what is out to boost the luxury realty market of Gurugram, the BPTP group is all set to invest Rs 3,000 crore in its new luxury project.

The realtor has projected a revenue generation of Rs 6,500 crore as revenue from this new project, Amstoria Verti-Greens, in Gurugram.

The project spreads over 12.05 acres along the Dwarka Expressway and the BPTP will invest around Rs 3,000 crore to develop it in three phases.

The Delhi and NCR-based company has begun the first phase after getting approvals from Haryana Real Estate Regulatory Authority (RERA). The project’s introductory price is Rs 19,000 per square feet.

“The RERA-approved first phase encompasses an area of 9.43 acres. It would include 885 housing units, along with club and landscape amenities totalling 1.55 lakh square feet,” said Amaan Chawla, president of the BPTP Group, in a company statement.

The “high-rise green living project” would include custom-designed two- and three-bedroom residences and 15 sky gardens integrated across five towers, said the company.

“The development would boast four apartments per floor, seven high-speed lifts per tower, and advanced earthquake resistance exceeding standard norms,” it said.

Chawla added that the project marked the company’s commitment to sustainable living and product design. “The integration of vertical gardens and premium amenities within the towers makes this product a truly unique development,” said Chawla.