Realty firm Saya Group has partnered with Harmony Infra to develop an ultra-luxury residential project, 'The Horizon Residences,' in Indirapuram, Ghaziabad.
The joint venture (JV) will invest Rs 550 crore to construct 264 flats on a two-acre land parcel acquired in 2018. The homes will be priced between Rs six crore and Rs 8.5 crore, targeting the luxury segment. Saya Group expects sales revenue of around Rs 1,600 crore from this project, which covers a saleable area of approx. 12 lakh sq. ft. The company has already sold about 100 units, driven by strong demand and limited new supply in Indirapuram.
The project has obtained all necessary RERA and statutory approvals. Saya Group’s real estate portfolio exceeds 4.99 lakh sq. mtrs., encompassing both completed and ongoing residential and commercial developments.