Worldwide Realty to Invest Rs 320 Crore on Golden Residences Project in Manesar
Worldwide Realty, a prominent real estate firm based in Gurugram, has announced an investment of approximately Rs 320 crore for developing a 22-acre housing project in Manesar, Haryana. The project, named Golden Residences, is part of the Haryana government's Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) initiative. Offering a mix of housing plots and independent floors, the project forms a key component of the 180-acre integrated township, The Golden City. This development aligns with the rising demand for residential and industrial spaces in the fast-growing Manesar region.
Golden Residences: A Key Residential Offering
Worldwide Realty is launching 400 independent floors as part of the Golden Residences project.
The firm has already sold several housing plots and is now focusing on offering independent floors priced from Rs 1.7 crore each. This initiative under the DDJAY scheme aims to cater to both homebuyers and investors seeking quality residential properties in Haryana.
The project benefits from pre-existing infrastructure.
The company has historically owned the land parcel and has already developed the infrastructure for the project. This ensures faster delivery and reliability for potential buyers.
Investment and Expansion Details
The total construction cost for the 22-acre project is estimated at Rs 320 crore.
According to Vikas Aggarwal, COO of Worldwide Realty, the firm will launch additional independent floors in subsequent phases to meet the growing demand.
The project is part of a larger 180-acre integrated township.
Worldwide Realty has already developed 118 acres as an industrial park within The Golden City and plans to reserve 40 acres for future development. This diversified approach ensures a balanced mix of residential and industrial spaces.
Manesar: A Promising Real Estate Hub
Manesar is emerging as a preferred destination for homebuyers and investors.
Vikas Aggarwal emphasized that the region's strategic location and infrastructure developments are driving significant interest in residential and industrial real estate.
Demand is fueled by end users and a post-pandemic revival.
Real estate consultants attribute the robust sales momentum over the past three years to growing housing demand and renewed confidence in builders with strong execution capabilities.
Partnership with DDJAY for Affordable Housing
The project aligns with the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY).
This government scheme promotes affordable housing and independent living spaces, making it an ideal framework for a project like Golden Residences. By participating in DDJAY, Worldwide Realty ensures compliance with regulations while addressing the housing needs of a growing population.
Actionable Insights for Homebuyers and Investors
Golden Residences offers competitive pricing and promising returns.
The starting price of Rs 1.7 crore for independent floors makes it an attractive option for mid-to-high-income homebuyers and long-term investors looking for properties in a growing market.
Manesar's growth trajectory adds value to investments.
As the region continues to develop, investments in residential and industrial spaces are expected to yield favorable returns, making this project a strategic choice for discerning buyers.
Conclusion: A Strategic Milestone for Worldwide Realty
With its Rs 320 crore investment in Golden Residences, Worldwide Realty reinforces its commitment to developing high-quality residential spaces in Manesar. By leveraging the DDJAY scheme and integrating residential and industrial components within The Golden City, the firm is poised to capitalize on the region's burgeoning demand. This project not only addresses immediate housing needs but also sets the stage for sustained growth in one of Haryana's most promising real estate hubs.