Adore Group to invest Rs 200 crore in Gurugram project

Gurgaon based real estate developer Adore Group has acquired 10.20 acre land in sector 77 and will
develop a residential project with an investment of Rs 200 crore, a senior executive said.
“This is the first time in Gurgaon when a project will be based on the Greek lifestyle,” said Jetaish Gupta,
Founder & Director, Adore Group. The project will have a clubhouse spread across 60,000 sq ft. The company expects Rs 1,000 crore revenue from the project, which will have 12 towers with over 700 units.Adore has delivered 20 projects with a cumulative area of 10.11 million sq. ft. Delhi-NCR is expected to see a record number of housing-unit launches around the upcoming festive season as multiple developers acquired land in the past six months, seeking to cater to rising demand for
homes.

DLF, Godrej, L&T, TARC, Signature Global, and County group are among the developers that have
planned launches in the second half of the year.
According to Cushman & Wakefield, residential launches in the first half were already more than double
of previous year.
In the first half of the year, 10,963 residential units were launched in Delhi-NCR which is almost the
number of units launched in 2019, which was 11,643.