MRG World launches The Skyline; affordable project to have car parking

MRG World launches The Skyline; affordable project to have car parking

MRG World to Invest Rs. 350 crore for project spread across 10 acres

[avatar user=”Apoorva Garg” size=”thumbnail” align=”left”]By Apoorva Garg[/avatar]

Gurugram. MRG World, an affordable housing major in Delhi NCR, has announced the launch of its fourth project ‘The Skyline’ in Dwarka Expressway at Sector 106. Spread over 10 acres, the project will entail an investment of Rs 350 crore and will be developed in single phase over a period of four years. For the first time in Gurugram’s affordable housing, a project is coming up with car parking/sports arena and swimming pool.

The company informed that it has received more than 2500 applications on the first day itself. With a total of 1334 units, the prices of the project that comes under Pradhan Mantri Awas Yojna (PMAY) are starting from INR 25.26 lakh for 2BHK, and for 3 BHK. Located on Dwarka Expressway, the size of the units are 623.193 sq.ft and 622.116 sq ft. As the project is registered under PMAY, homebuyers can avail a subsidy of up to Rs. 2.67 Lacs on home Loan Interest.

Vikas Garg, Deputy General Manager of MRG World
Vikas Garg

Speaking about car parking in his affordable project, Vikas Garg, MRG World’s Deputy Managing Director, said: “The affordable housing segment is getting a big boost with the Haryana cabinet’s passage of the Affordable Housing Policy Amendment. -2013 Haryana Development and Regulation of Urban Areas Act of 1975 for the change in the minimum area boundary, the project area boundary, the increase in the commercial component and the parking provisions. The lack of a parking space in the project was an obstacle and the inclusion will enhance the attractiveness of the segment. Despite the fact that affordable housing is in the highest demand, many buyers have been unwilling to buy due to lack of parking space; therefore, with parking space, the demand will increase even more ”.

The company has three projects under construction at Gurugram, which it says it will deliver ahead of time. The Meridian ‘in Sector 89, Gurugram,’ Ultimus’ is in Sector 90 and The Balcony in Sector 93, Gurugram. All the three projects are under registered under Pradhan Mantri Awas Yojna (PMAY).

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Rajat Goel, Joint MD, MRG World
         Rajat Goel

Commenting on the launch of the project, Rajat Goel, Joint MD, MRG World, “Affordable housing is a popular trend among property buyers these days. It’s always icing on the cake when you can get a property for a reasonable price while still getting high-end features and services. Gurugram has a lot of affordable options, but it lacks in terms of amenities, which our new project will fill.”

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