MRG World, an affordable housing major in Delhi NCR, has announced the launch of its fourth project The Skyline on Dwarka Expressway at Sector 106.
Spread over 10 acre, the housing project will entail an investment of Rs 350 crore and will be developed in a single phase over a period of four years.
For the first time in Gurugram’s affordable housing, a project is coming up with car parking/sports arena and swimming pool.
The company has received more than 2,500 applications on the first day itself. With a total of 1,334 units, the prices of the project that comes under Pradhan Mantri Awas Yojna (PMAY) are starting from Rs 25.26 lakh for two-BHK and three-BHK.
Located on Dwarka Expressway, the size of the units is 623.193 sqft and 622.116 sq ft. As the project is registered under PMAY, homebuyers can avail a subsidy of up to Rs 2.67 lakh on home loan interest.
The Affordable Housing segment is getting a major boost with the Haryana Cabinet's approval of the Amendment in Affordable Housing Policy 2013 Haryana Development and Regulation of Urban Areas Act 1975 for change in minimum area limit, project area limit, increase in commercial component and parking provisions.
The project's lack of a car parking space was a hindrance, and the inclusion will improve the segment's appeal.
The company has three under-construction projects in Gurugram, which it says it will deliver before time. The Meridian at sector 89, Gurugram, Ultimus is at Sector 90, and The Balcony at Sector 93, Gurugram. All the three projects are registered under PMAY.