GBP Group, a Punjab-based real estate developer, announced its residential & commercial township project Central Town in Zirakpur spread over 32 acre of land parcel. 

 

With a total outlay of Rs 600 crore, funded partially through internal accruals and partially through banks funding and sales, the township will have residential units, plots and commercial complexes.

 

The low rise project will have 700 to 800 residential units including two and three BHK S+ three independent floors and luxury villas, and 400 plots ranging from 100 to 213 sq yards.

 

Built over an area of 11 acre, the commercial complex will comprise 250 showrooms, i.e. total 750 lower ground, ground and first floor units.

 

It is the first time that GBP Group is coming up with plotting in the region; the total built-up area of the project will be around 15 lakh sq ft besides plotting.

 

The Group plans to give possession of the plots within six to nine months, residential units within two to three years, and commercial units in 18 to 24 months. 

 

The company proposes to develop commercial complex as the hub of food joints, clubs, restaurants, bars, banks, wellness clinics, etc for catering to around 20,000 neighbourhood population and more than three lakh population in 10 minutes of vicinity. The commercial complex is equipped with parking.