SS Group, a Gurgaon-based real estate developer, plans to invest Rs 1,950 crore in developing 4.15 million sq ft of low-rise floors, residential societies, and commercial space. According to MD & CEO Ashok Jaunapuria, the company, which has so far delivered 17 million sq ft across 23 projects in Gurgaon, expects a 30 percent revenue increase in 2021-22.
Because it is coming up with luxury floors, demand for them has increased in Gurgaon in the post-Covid period, the projects it will launch this year and units from existing projects present a sales opportunity of 3,600 crore. Housing sales and launches hit a new high in the January-March quarter, with 70,623 units sold, the most in a quarter since the Covid outbreak, according to the National Association of Realtors.