New Delhi: Real estate firm Emperium Pvt Ltd will develop a 40-acre municipal project in Yamunanagar and a housing project in Gurugram over the next three years with an estimated revenue potential of Rs 775 crore.
Since its inception, Emperium has delivered 1.7 million sq ft of residential space, completing 1,320 units in Panipat city alone, with a total revenue of Rs 341 crore.
"Over the next three years, Emperium plans to develop an additional 2.1 million square feet across 1,055 units," the company said in a statement Monday.
It will develop a PREMIO luxury residential project in Gurugram and a 40-acre EMPERIUM RESORTICO municipal project in Yamunanagar.
Ravi Saund, founder director of Emperium Pvt Ltd, said the projected revenue for these two new projects is Rs 775 crore.
In the Gurugram project, the company will develop 216 apartments. In Yamunanagar Municipality, it offers villas, plots, flats and SCO (shops and offices).
Saund said the company has delivered high-quality projects in key markets in Haryana and plans to further expand its business in the state.
He said the company would launch more projects in Panipat.
"As we look to the future, we are confident that our upcoming developments will not only meet but exceed market expectations. With a focused vision and strategic expansion in high potential areas, we are prepared to significantly elevate our presence in the real estate sector of Haryana." Saund said.
He pointed out that the demand for housing in Gurugram and other Tier II cities of Haryana remains strong.
According to data analytics firm PropEquity, the rise in housing demand is not limited to major cities, as residential property sales increased by 11 per cent in the last fiscal year in 30 Tier II cities. Housing sales rose to 2,07,896 units in 2023-24, up from 1,86,951 units in the previous financial year, he added.
Since its inception, Emperium has delivered 1.7 million sq ft of residential space, completing 1,320 units in Panipat city alone, with a total revenue of Rs 341 crore.
"Over the next three years, Emperium plans to develop an additional 2.1 million square feet across 1,055 units," the company said in a statement Monday.
It will develop a PREMIO luxury residential project in Gurugram and a 40-acre EMPERIUM RESORTICO municipal project in Yamunanagar.
Ravi Saund, founder director of Emperium Pvt Ltd, said the projected revenue for these two new projects is Rs 775 crore.
In the Gurugram project, the company will develop 216 apartments. In Yamunanagar Municipality, it offers villas, plots, flats and SCO (shops and offices).
Saund said the company has delivered high-quality projects in key markets in Haryana and plans to further expand its business in the state.
He said the company would launch more projects in Panipat.
"As we look to the future, we are confident that our upcoming developments will not only meet but exceed market expectations. With a focused vision and strategic expansion in high potential areas, we are prepared to significantly elevate our presence in the real estate sector of Haryana." Saund said.
He pointed out that the demand for housing in Gurugram and other Tier II cities of Haryana remains strong.
According to data analytics firm PropEquity, the rise in housing demand is not limited to major cities, as residential property sales increased by 11 per cent in the last fiscal year in 30 Tier II cities. Housing sales rose to 2,07,896 units in 2023-24, up from 1,86,951 units in the previous financial year, he added.
