Adore Group to invest Rs 800 Crore in luxury residential project in Faridabad
NCR-based realty developer
Adore group
will invest Rs 800 crore in developing a
luxury residential project
in sector 76, Faridabad.
The group has bought this 5.47 acres of land parcel from Haryana Shahari Vikas Pradhikaran (HSVP) in the year 2023 in an auction. The company has cleared all the dues and this is fully paid up land parcel.
'The economy in the region is thriving backed by a surge in IT and manufacturing industry. The number of buyers are expanding in the city comprising family
business
scion, self-made entrepreneurs and corporate c-suites,' said Jetaish Gupta of Adore Group.
Adore is working on more than 20 projects with a cumulative area of over 10 million sq. ft.
Other developers like
Omaxe
and Bhumika are also eyeing expansion in Faridabad with the
demand
increasing.
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