Tulip Infratech, leading realty firm, has decided to pump Rs 450 crore in order to set up a residential complex including 900 apartments in Gurgaon.

The sources informed that the project, 'Tulip White', situated on the Gurgaon-Sohna road, covers 18 acres of land.

Tulip Infratech functionaries stated in a communiqué that the company is introducing 500 units at a very competitive price.

As per official sources, 3-bed room flats, built over 1,326 sq ft of land, are being provided by the company at Rs 2,400 per sq ft.

Apart from 500 affordable houses, Tulip has decided to establish 150 flats for the economically weaker section, to be sold by the state government. The company intends to introduce 250 premium apartments as well. The project is expected to be finalized in the coming 30 months.