Whiteland Corporation announced signing of an agreement with Marriott International, Inc. to bring Westin Residences to Gurugram. The total investment for the project is estimated at around Rs 5600 crore, which includes construction cost Rs 5000 cr while the land cost is Rs 600 cr, said Navdeep Sardana. Speaking to Realty & More, Sardana said that apart from Rs 600 crore, an additional amount of Rs 200 cr has been spent towards various costs of requisite compliances. The company has a debt of around Rs 200 crore from CSL. The Whiteland Corp Chief further added that the construction cost of the project is estimated to be Rs 4000 cr which is expected to be met from the proceeds of the sales. “The project with ultra luxurious amenities will be a sustainable development and we are in talks with banks, FIs for construction finance. The Launch price will be decided after deliberations. Premium luxury housing projects in the locality are priced at around Rs 20,000/sq ft
Launch price would be over Rs 20,000/sq ft”, said Sardana.
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Негізгі бет Whiteland, Marriot International Partner for Branded Luxury Housing in Gurugram
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