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Rediff.com  » Business » Rs 8.5 crore: Price of a villa in Gurgoan!
This article was first published 13 years ago

Rs 8.5 crore: Price of a villa in Gurgoan!

Last updated on: December 3, 2010 14:39 IST

Image: Emaar MGF villa in Gurgoan.

Realty major Emaar MGF said it would develop 200 luxury villas in Gurgaon, which would generate a revenue of at least Rs 900 crore (Rs 9 billion) to the company.

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Rs 8.5 crore: Price of a villa in Gurgoan!

Image: A villa in Gurgaon.
The company would sell these villas in the price range of Rs 4.5 crore to Rs 8.5 crore (Rs 45-85 million), Emaar MGF said in a statement.

Rs 8.5 crore: Price of a villa in Gurgoan!

Image: A villa in Gurgaon.

The project 'Marbella' will be spread over 110 acre. Emaar MGF, which plans to raise Rs 1,600 crore (Rs 16 billion) through initial public offer (IPO), is presently developing 33 housing projects across the country.

Rs 8.5 crore: Price of a villa in Gurgoan!

Image: A villa in Gurgaon.
It developed the Commonwealth Games Village in the national capital. Emaar MGF is a joint venture between Dubai-based Emaar Properties and India's MGF Development.

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