Silverglades to invest Rs 500 cr in its luxury project in Gurugram

Silverglades will invest around Rs 500 crore to build an ultra-luxury, mix-use residential project in Gurugram, according to a press release issued by the real estate developer.

It will construct 260 high end 3-4 BHK apartments and 3 lakh sq ft of commercial retail space in this mixed-use project, called Hightown.

“We are developing a new luxury housing project in Gurugram. There is very limited availability of luxury housing units in the heart of the city. We are targeting to cater to this need” Anubhav Jain, CEO of Silverglades Group, said.

The project, said the release, will be delivered in the next 4-4.5 years. Silverglades has also launched a limited offer under which it is giving rent up to Rs 70,000 per month to customers who have booked apartments in this project. The rent will be paid for a total period of four years.