Paras Buildtech Launches Super Luxury Project in Gurugram: A New Era in Real Estate
On June 3, 2024, Paras Buildtech, a prominent player in the Indian real estate sector, announced the launch of a super luxury residential project named ‘The Manor’ in Gurugram. This ambitious venture is set to redefine luxury living in the region, with the company planning to invest approximately ₹490 crore into the project. With expectations of generating a total revenue of ₹1,200 crore, Paras Buildtech is poised to make a significant impact on the luxury real estate market in the National Capital Region (NCR).
Project Overview: The Manor
Located in the picturesque Gwal Pahari area of Gurugram, The Manor spans an impressive 4.26 acres and will feature 120 opulent apartments. Each apartment is designed to offer a spacious living experience, with sizes reaching up to 4,750 square feet. The project is strategically positioned adjacent to Paras Quartier, another luxury development by Paras Buildtech that was launched in 2012, further enhancing the allure of the area.
Kunal Rishi, the Chief Operating Officer of Paras Buildtech, shared insights about the project, stating, "We are launching a new ultra-luxury project in Gurugram. The price of each apartment will be around ₹9 to ₹10 crore." This pricing strategy reflects the premium nature of the project, targeting affluent buyers looking for high-end living spaces in a prime location.
Investment and Revenue Expectations
The investment of ₹490 crore into The Manor underscores Paras Buildtech’s commitment to delivering a top-tier residential experience. The company anticipates a robust revenue generation of ₹1,200 crore from this project, indicating strong confidence in the demand for luxury housing in Gurugram. This financial outlook is supported by the region’s growing reputation as a hub for affluent professionals and business leaders, making it an attractive destination for high-end real estate investments.
Strategic Location: Gwal Pahari
One of the standout features of The Manor is its strategic location in Gwal Pahari, which is nestled between the commercial hubs of Gurugram, Faridabad, and Delhi. This prime positioning not only offers residents easy access to major business districts but also provides a serene environment away from the hustle and bustle of city life. The combination of luxury living and convenient connectivity makes The Manor an appealing choice for potential buyers.
Future Prospects and Delivery Timeline
Paras Buildtech has set an ambitious timeline for the completion of The Manor, with an expected delivery date in August 2028. This timeline reflects the company’s dedication to quality and excellence in construction, ensuring that every aspect of the project meets the highest standards of luxury living. As the project progresses, it is likely to attract significant attention from prospective buyers and investors alike.
Conclusion
The launch of The Manor by Paras Buildtech marks a significant milestone in the luxury real estate landscape of Gurugram. With a substantial investment, a prime location, and a commitment to delivering unparalleled living experiences, this project is set to cater to the needs of discerning buyers seeking a blend of luxury, comfort, and convenience. As the real estate market continues to evolve, The Manor stands as a testament to Paras Buildtech’s vision and expertise in creating exceptional living spaces.
For those interested in the latest developments in the real estate sector, The Manor is undoubtedly a project to watch as it unfolds in the coming years.