Oyster Grande Gurgaon is to be launched by Adani Realty, in association with M2K. Adani Conglomerate’s real estate wing- Adani Realty has declared its tie up with Delhi-based M2K Group.
Oyster Grande Gurgaon is a premium housing project. Both the real estate firms will have equal shares in this premium project. Oyster Grande Gurgaon is expected to be completed with an estimated amount of Rs.1000 Cr. The project will be sprawling over to 40 acres of land on Dwarka Expressway.
Adani Group has proved its prominent presence in the coal, logistics and power businesses. The group’s assets are valued around $ 8 billion. Besides its other business Adani Group now has some handful numbers of real estate projects across India.
They have projects in Ahmedabad and Kochi. They also have some projects in Mumbai too. Noticeably they do not have a project in any of the NCR regions. This is considered as one of the most prominent regions in India. By launching Oyster Grande Gurgaon, Adani Realty will have a project in New Delhi. So it must be considered as part of their expansion.
The company officials of Adani Realty told that Dwarka Expressway has rightly become a fast emerging destination. Speaking about the investment schemes he said that Rs.1000-Crore is separated for its both phases. The amount will be raised from mainly from the advances from the proposed home buyers. The fund will also be contributed by internal increases and debt.
As disclosed by Vikash Bhagchandka, M2K President revealed that there will be 756 flats in the first phase. Altogether they plan to construct around 1,500-2,000 housing units in Oyster Grande Gurgaon.
Company officials say that the project will be available at a fair rate. As per the available sources the rate of Oyster Grande Gurgaon will be below Rs.6500/sq. ft. The project will have apartments of various sizes starting from 1,600 sq. ft. The biggest apartment of this project will be of 7,000 sq. ft. Thus the home buyers will be able to purchase a home here at a price between Rs.1 Cr to 4.5 Cr.