County Group, a Delhi-NCR-based real estate company, has recently acquired a 7.9-acre land parcel in Gurugram for Rs 105 crore, according to documents accessed by CRE Matrix. The land parcel is located in Harsaru village, Sector 88A, Gurugram, near the Dwarka Expressway.
This strategic investment is expected to strengthen County Group’s presence in the rapidly growing Gurugram market and provide opportunities for future development projects.
Transaction Details
County Group’s subsidiary, Perfect Megastructure, has secured the development rights for the plot in Gurugram. The company signed a deal with Brock Developers and Ashiana Landcraft on July 9, paying a stamp duty of Rs 2.27 crore. County Group is reportedly planning to build a luxury residential project on the land.
County Group Expands Presence in Delhi-NCR Market
The acquisition of the land parcel in Gurugram marks a significant milestone for County Group. This strategic move aligns with the company’s ambitious growth plans and demonstrates its commitment to delivering high-quality residential projects in the future. The County Group announced earlier this year that they would be investing Rs 5,000 crore over five years to create ‘Ivory County,’ an ultra-luxury housing project located in Noida. The project, which is situated in Sector 115 close to the Faridabad-Noida-Ghaziabad (FNG) Expressway, is expected to bring in about Rs 7,500 crore.
Recent Land Transactions in Gurugram
The recent land deals highlight the dynamism in the Gurugram’s real estate market. In a recent transaction, Dvok Buildcon acquired an 18-acre land parcel in Gurugram for Rs. 310 crore. In another major land deal, Oberoi Realty purchased 14.8 acres of land in Gurugram for Rs 597 Crore.
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