Burman GSC was founded by the meeting of two most appreciated Business Groups: the Burman group and Golden State Capital. Now, this real estate group has prepared an investment of up to Rs 5,000 crore for new developments in the next five years.
Burman GSC recently ventured into real estate with its first development, The Spectrum, Comprising Serviced Apartments. Now this developer going to launch high street retail stores in the same project as a mixed use development by the name of Gurgaon Spectrum Centre. Total cost of Gurgaon Spectrum Centre is Rs. 400 crore. This luxurious development is located in Sector 82 A, Gurgaon, facing National Highway – 8. Strategically located, Gurgaon Spectrum Centre is nearby Dwarka Expressway and proposed metro corridor.
In recent times many big business houses have joined the real estate development field, Bharti Group is also launch a new residential project in Faridabad by the name of “The Delhi Ridges” on the eastern edge of New Delhi. This residential project offering 2.5 & 3 BHK, 3.5, 4.5 apartments & 4/5 BHK Penthouses in Grand Homes and 4/5 BHK Villapartments. It would be pertinent to mention here that the development has some of the unique features like Health and well being for all age groups, Sustainable and environment friendly, Safety and security for all and Connected community. All the major infrastructures are within reach. Godrej Properties, Mahindra Lifespaces and Tata Housing are also the real estate group from big corporate houses with their luxury Residential Projects in Gurgaon.
As stated by the spokesperson of the group, “As it is our initial stage, so we are focusing on NCR, Mumbai and Pune, until we get excellent opportunity somewhere else. At here we will choose quality over quantity but it doesn’t mean that we don’t have capacity to launch more real estate developments.”
By Burman GSC The Spectrum Centre, the developers getting unbelievable response from real estate investors. 250 units of the project’s are sold out within few days is the proof of above statement.
“Why the group was entering realty in a slowdown period?” a spokesperson of Burman GCS Answered, we take this stage as an opening rather than a crisis. “Realty, particularly in big cities, is differentiated by returning trends, normally 4 to 7 years. At this time, the sector is extremely undervalued and we observe a major response in next 5 years. Actually it is good for anybody with strong financial backup or any investor to start from the bottom to top.”
