MRG World has forayed into the real estate sector and will develop its first affordable housing project in Gurugram at an investment of ₹200 crore. The company will develop 731 apartments in this five-acre project under the affordable housing policy of the Haryana government. The housing units will be allocated through a lucky draw. The promoters of this group associated with realty firm Signature Global,are developing about 10 affordable housing projects in Gurugram, informed Joint MD Rajat Goel. The project cost will be funded through internal accruals and advances from customers. Construction has started and the project will be completed in four years.
📅Published on:
13 June 2019
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