MRG Group plans to invest Rs 250-cr in housing project Breakthrough

MRG Group plans to invest Rs 250 crores in its first affordable housing project in Gurugram, Haryana, offering 769 units with a starting cost of around Rs 32 lakh. The MRG Group, a well-known name in the Indian real estate sector, has announced plans to invest ₹250 crore in a new housing project aimed at addressing the growing demand for quality residential spaces. This major investment reflects the group’s confidence in the country’s housing market and its commitment to delivering modern, sustainable living solutions. The upcoming project will focus on providing high-quality residential units equipped with modern amenities while ensuring affordability for middle-income buyers. According to the company,

The development will be located in a strategic urban zone with strong connectivity to key commercial and industrial hubs. This approach is expected to attract both homebuyers and investors looking for long-term value. MRG Group has carefully chosen the project site to maximize convenience for residents. Proximity to public transportation, educational institutions, healthcare facilities, and shopping areas will enhance the liveability of the housing complex. Easy access to highways and metro stations will make commuting smoother for working professionals. The ₹250 crore investment will be deployed in phases, covering land acquisition, construction, marketing, and infrastructure development. The group is likely to use a mix of internal accruals and institutional financing to fund the project.

Target Market and Buyer Profile

This capital allocation reflects a well-structured approach that balances financial stability with aggressive market expansion. In line with current real estate trends, the project will incorporate sustainable design principles. Features like energy-efficient lighting, rainwater harvesting, solar power systems green landscaping will reduce (Real Estate) environmental impact. Additionally, smart home technology such as app-based security, lighting, and climate control will enhance convenience and modern living standards. The housing complex will primarily target the middle-income group, offering a blend of affordability and premium features. This segment forms the largest share of India’s housing demand, particularly in fast-growing cities and suburbs. The project will also cater to young professionals and small families seeking well-connected, amenity-rich living spaces.

Expected Impact on Local Economy

Large-scale real estate projects like this often stimulate economic activity in their surrounding areas. The MRG Group’s investment is expected to generate direct and indirect employment opportunities, boost local businesses, and increase demand for construction materials and services. Such developments also tend to raise property values in nearby areas over time. India’s real estate market has been witnessing steady growth, supported by rapid urbanization, rising incomes, and government initiatives like PM Awes Yojana. The post-pandemic recovery has seen renewed demand for spacious homes with modern amenities. In this environment, MRG Group’s project is well-timed to capture market momentum. With years of experience in real estate, (MRG Group’s)

The Road Ahead

MRG Group has successfully delivered multiple residential and commercial projects known for quality and timely delivery. Their reputation for transparency and customer focus is expected to attract buyers to this new venture. Construction is set to begin shortly after necessary regulatory approvals are obtained. MRG Group has assured that the project will adhere to the highest construction standards and timelines. Upon completion, the housing complex is expected to set a benchmark for affordable yet premium living spaces in the region. By investing ₹250 crore in this project, the group is not just expanding its real estate portfolio but also contributing to India’s urban.