CHD developers one of the renowned name in the realty sector has announced that they are planning to invest Rs.350 Crore in a Residential Project In Sohna, Gurgaon.
They have already handed over a document to the BSE where they have informed them about their one of the biggest housing plan on which they will start working in the next four months.
This project will be constructed on the grand land of 10.025 acres of land where total saleable part is approx 10 lakh sq.ft.
This grand project is going to be a part of joint development deal where CHD group will have 68% of the total project in their name.
Company’s MD Gaurav Mittal said that this biggest project is going to contain over 1,380 homes for the perfect development for which they have shaken hand with a land owner.
He said that their company is planning to start working on this project in the coming four months as they are waiting for the environment clearance signal and it will be completed in four years.
About investment he has said that “the project will incur about Rs.300-350 crore” for which they will collect amount from internal accruals, banks debts, and advances from customers.
Mittal also said that this is coming up as a fourth project in Gurgaon and they are also planning a big township at Karnal.
CHD developer’s share price rose by 9.47% and close at Rs. 19.15 on BSE.
