Real estate developer Worldwide Realty has announced plans to invest ₹320 crore in a 22-acre residential project in Manesar, Haryana.
The project, known as Golden Residences, is being developed under the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) housing scheme by the Haryana government.
As pulished by Business Standard, the Gurugram-based firm has already sold a portion of the housing plots and is now launching 400 independent floors, according to Vikas Aggarwal, chief operating officer of Worldwide Realty Pvt. Ltd.
“We have launched independent floors at a starting price of ₹1.7 crore each,” Aggarwal said, adding that additional independent floors will be introduced in subsequent phases of the project.
The estimated investment of ₹320 crore includes the cost of construction, Aggarwal noted. The land parcel for the project has been historically owned by the company.
Golden Residences is part of The Golden City, a larger 180-acre integrated township in Manesar. Worldwide Realty has already developed a 118-acre industrial park within the township and completed infrastructure development for the current residential project. The company retains 40 acres for potential future developments.
“Manesar is rapidly emerging as a premier destination for homebuyers and investors,” Aggarwal said, highlighting the growing demand for both residential and industrial spaces in the area.
The real estate sector in India has experienced robust sales growth over the past three years, driven by strong demand in the post-pandemic period. Developers with proven track records have particularly benefited from this surge, according to industry consultants.
Golden Residences aligns with the growing trend of integrated townships that cater to the dual needs of end-users and investors in strategically located hubs like Manesar.