Silverglades Group to invest Rs 500 crore on new mixed-use realty project in Gurugram

As part of its expansion plan, realty firm Silverglades has decided to invest around Rs 500 crore to develop a mixed-use project in Gurugram. The company will develop 260 luxury apartments and 3 lakh sq ft of commercial retail space in this mixed-use project Hightown.

"We are developing a new luxury housing project. There is very limited availability of luxury housing units in the heart of the city. We are targeting to cater to this need," Silverglades Group CEO Anubhav Jain told reporters.

"The company has already sold 25 per cent of inventories in the last three months," he added. Jain said the project cost is estimated at around Rs 500 crore.