Rs 1000 Cr Revenue! Trevoc Launches New Luxury Project in Gurugram – Details Inside
Overview
A surge in demand for prompted numerous developers to venture into the luxury market, catering to home buyers who are now seeking upscale residences. The growth in this segment is largely attributed to advancements in infrastructure, the revival of previously stalled projects, and supportive government policies.
In recent years, Gurugram has become a popular location for high-end real estate. This shift can be attributed to various reasons, with key factors improvements in infrastructure, the revival of stalled projects, and positive changes in policies.
The change in what buyers are looking for, moving from lower-priced options to luxury even ultra-luxury properties, has motivated many companies to join the. Taking advantage of this trend, the TREVOC Group has revealed the introduction of its new project, TREVOC Royal Residences.
The TREVOC developer stated that their goal is to achieve a revenue of Rs 1,000 crore from the high-end residential project situated in Sector 56 of Gurugram.
Gurpal Singh Chawla, MD, expressed that the project has received extremely positive feedback from the market and industry. The 27-story development blends functionality, innovation, and sustainability, offering a unique experience beyond just luxurious amenities. Located in a sought-after area in Gurugram, the project promises both convenience and exclus discerning individuals.
A recent study by CBRE, a leading real estate advisory firm, reveals that high-end residential sales maintained a robust pace in the first half of 202 country’s top seven cities. Notably, sales skyrocketed by 27% compared to the same period last year, with Delhi-NCR emerging as the front-runner,,300 luxury unit sales, a significant 13.-year increase.
Anarock data revealed that in Gurugram, Mumbai, Hyderabad, and Bengaluru, the total worth of ultra-luxury homes priced above Rs 40 crore reached Rs 2,443 crore by August this year. Among these cities, Gurugram saw the purchase of an ultra-luxury residence for Rs 95 crore.
final quarter4 already underway, featuring the peak festive season, Anarock Chairman Anuj Puri predicts a surge in high-value residential transactions before the year draws to a close.