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Trident Realty to invest Rs 3,000 crore in building luxury housing township in Haryana

25 Nov 2022 , 12:03 PM

As part of its expansion plan, Trident Realty will invest over Rs 3,000 crore to construct a 200-acre luxury housing estate at Panchkula in Haryana, according to its chairman S K Narvar.

Through an insolvency procedure, it purchased this piece of land and invested almost Rs 400 crore to pay off banking institutions' loans. Additionally, it has given plots to about 450 homebuyers who are stalled in the project. The Delhi-based company has operations in the Delhi-NCR and Mumbai Metropolitan Region (MMR), and with the launch of this new initiative, it is now expanding into the Chandigarh tri-city.

"In Panchkula, we have begun construction on our newest luxury housing development, Trident Hills. This 200-acre piece of land is situated in the Shivaliks' foothills. In this township, we will be creating a total of about 60 lakh square feet, which will include villas, group homes, independent floors, and plots "Narvar spoke to PTI.

The next 7-8 years will be used to develop the project. For the development of this township project, we will invest roughly Rs 3,000 crore, Narvar added.

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