Tulip Infratech has sold apartments worth more than Rs 300 crore on the first day of the launch of its second phase of luxury residential project in Gurugram.
In 2022, Tulip Infratech had announced investments of Rs 5,500 crore over the next eight years to develop a premium mixed-use project Tulip Monsella in Gurugram comprising 1,100 flats. It will also build 250 units for economically weaker sections.
“We have launched around 110 units in the second phase at Rs 27,000 per square feet. We have already sold around 50 flats on the first day of the launch,” Tulip Infratech founder Parveen Jain said.
“The company had launched 250 units in the first phase and those are already sold,” he added. Vipin Jain, director, Tulip Infratech, said, “The tremendous demand underscores the discerning preferences of Gurugram’s homebuyers.”
“We will invest around Rs 5,500 crore to develop the entire project. The project will be constructed in phases over a period of eight years,” he said. The total sales realization from this project is estimated at Rs 7,000 crore.
