Supertech to invest Rs 5,706 crore for affordable housing in Haryana

Real estate developer Supertech Limited signed a Memorandum of Understanding (MoU) with the Government of Haryana to take the state to new heights of development in the next seven years. The company will generate 5,000 employment opportunities in the state, further enhancing the overall growth of Haryana.

According to a press release, under the Government’s initiative of ‘Housing For All by 2022’, Supertech is developing affordable housing and township projects in Gurgaon and will be investing Rs. 5,706 crores in the state.

Under the terms of the agreement, Supertech will develop affordable housing and township projects which will further help improving the infrastructure of the state. The scheme while ensuring fast development will benefit landowners, developers and buyers as well. It would provide over 5,000 employment opportunities in addition to huge revenue generation to the Government, said the release.

RK Arora, Chairman of Supertech Limited, said, “We are extremely happy to be a part of this development programme of the state of Haryana. The state has a lot of potential in terms of infrastructure and industrial development and has become a hub for affordable housing and infrastructural facility after the launch of Affordable Housing Scheme by the Govt. of Haryana. Following the vision of Government Of India of ‘Housing For All by 2022’, we are developing projects worth Rs. 5706 crore which will further boost the economy of the state resulting in overall development”.