New Delhi: Vegas Group, a joint venture between Unity Group, HL Group and RP Group, has acquired a 10.43-acre land parcel to develop a mixed-use project in Sector 22, Dwarka, New Delhi. The group bought the land from the Delhi Development Authority (DDA) under a long-term licence arrangement model.The group is expected to invest ₹1,000 crore in the development of the project. The project will span approximately 3 million sq ft, of which 1 million sq ft will be dedicated to bridge-to-luxury mall, along with premium offices, hotels, serviced apartments and an institutional building. "The project is next to Yashobhoomi and will add value to region's growth.There is inherent demand for malls and hotels in region; project will cater to that demand," said Harsh V Bansal, co-founder, Unity Group.
Vegas Group Buys over 10 acres of land in New Delhi for mixed-use project
Vegas Group has acquired a significant land parcel in Dwarka, New Delhi. The joint venture plans to develop a large mixed-use project. This development will include a mall, offices, hotels, and serviced apartments. The project is expected to boost the region's growth and meet existing demand for commercial spaces. Investment in this venture is projected to be substantial.
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