Emaar to invest Rs 1,600 crore in Gurugram luxury housing

In what is being seen as silver lining of stagnant Delhi-NCR housing market, Real Estate developer Emaar India, the Indian arm of Dubai-headquartered Emaar Properties, will invest around Rs 1,600 crore in Emaar. On Wednesday, it launched a premium residential project 'Serenity Hills’, at Sector 86, Gurugram.

"We are launching the first phase of a new housing project in Gurugram. We will develop 997 apartments across seven towers. It is envisioned as a tranquil oasis within New Gurugram, offering residents a refined lifestyle surrounded by nature and world-class amenities," said Emaar India CEO Kalyan Chakrabarti.

Spread over 25.90 acres, Serenity Hills is envisioned as one of the greenest residential developments in the NCR, with an IGBC Platinum pre-certification and more than 20 acres of landscaped open areas.

The project’s defining feature is its 8-acre central green spine, complemented by water features and a continuous leisure promenade.