Advertisement
Emaar India is investing INR 1,600 crore to develop Serenity Hills, a luxury residential project in Gurugram, reflecting strong demand for high-end housing. The first phase will have 997 apartments across seven towers on 15 acres, with construction expected to start soon and completion in five years. Unit prices range from INR 3 crore to INR 5.7 crore. Designed with quality, greenery, and sustainability in mind, the project is part of Emaar India's 12.5 million sq ft portfolio. The company is also exploring strategic partnerships with major Indian business houses.
Realty developer Emaar India is investing around INR 1,600 crore to develop a high-end residential project in Gurugram, responding to steady demand for premium housing in the city. The Indian arm of UAE-based Emaar Properties recently launched Serenity Hills in Sector 86, Gurugram, aiming to combine luxury living with sustainable design. Advertisement
The first phase will include 997 apartments across seven towers, covering 15 acres. Emaar India CEO Kalyan Chakrabarti said the project will be green-certified with an IGBC Platinum pre-certification and is being developed in partnership with the landowner. He noted that the total investment excludes land costs and will largely be funded through internal accruals. Construction is expected to start in a few months, with delivery planned over the next five years.
Unit prices for Serenity Hills will range from INR 3 crore to INR 5.7 crore, inclusive of all charges. A second phase, spanning 11 acres, will be launched later. Chakrabarti highlighted that the company will focus on design, quality, and greenery in the project to create a premium living environment.
Speaking about the Gurugram market, he said demand continues to be strong while prices have stabilized after recent trends of steady growth. Currently, Emaar India is developing 12.5 million sq ft of residential projects across multiple cities, including Gurugram, reinforcing its footprint in the Indian real estate market.
Emaar Properties entered India in 2005 through a joint venture with MGF Development, investing around INR 8,500 crore via Emaar MGF Land. In 2016, the company exited the joint venture through a demerger. Recently, Emaar Properties confirmed it will not sell stakes in its Indian operations but is exploring new joint ventures with major Indian business houses, including the Adani Group, to strengthen its development plans.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
