Gurugram-based real estate developer Tulip Infratech to invest ₹Rs 1,100 crore will be spent to develop a luxury housing project on the Southern Peripheral Road (SPR) consisting of four residential towers standing approximately 495 feet tall, which the company says will be one of the tallest residential developments along the corridor.
Spread over 7.5 acres, the project is named Tulip Melrose, which will have 608 apartments including 10 penthouses. The development will have four towers of 40 floors each, comprising exclusively 5BHK residences with a super built-up area of approximately 3,250 sq ft. The average price of an apartment is approximately ₹4 crore, the company said.
A key feature of the project is a grand club house spanning the entire ground floor, connecting all four towers at the podium level. The company said the towers will also be connected to a sky terrace at a height of approximately 495 feet, creating a massive elevated amenity deck offering recreational facilities and panoramic views of the city.
the company will invest ₹Rs 1,100 crore to develop a luxury housing project in Gurugram as part of its expansion plans. The company said the foundation for the raft has already been poured, construction is going as per schedule and the project is expected to be delivered by 2031.
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“We will invest around ₹Rs 1,100 crore to develop this project. “This does not include the land cost,” Tulip Infratech promoter Siddharth Jain told reporters, adding that the project would be completed in the next four years.
Gurugram’s housing market
commenting on Gurugram Housing MarketSiddhartha said demand has slowed compared to the strong momentum seen in 2024. However, he said the company is receiving encouraging interest from both end users and investors, largely driven by the competitive pricing of its projects.
Parveen Jain, Chairman and Managing Director, Tulip Infratech, said: “Southern Peripheral Road is entering a pivotal phase of growth and is steadily becoming one of the most important luxury residential destinations of NCR.”
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Tulip Infratech has delivered more than 10 real estate projects Gurugram. The company is currently developing the luxury housing project Tulip Monsela with an investment of ₹With an investment of Rs 3,600 crore and Tulip Crimson ₹1,200 crores. With the launch of its latest project, Tulip Group’s cumulative investment in Gurugram’s residential market now exceeds ₹6,000 crore, reflecting its continued focus on the premium housing segment in the city.
