Gurgaon-based developer, Chintels India Pvt. Ltd, on October 8 began construction of its commercial project Chintels Center spread across 9.28 lakh sq ft, for which it is investing Rs 400 crore, the company said in a statement.
Located at Sector 114 in Gurugram, Haryana will be constructed on a plot size of 6.79 acres. “The project will cost approximately Rs 400 crore to develop and will consist of approximately 9.28 lakh square feet of the total built-up area,” the statement said. The project is expected to be completed by 2025.
The site is located a stone’s throw away from Delhi border. Once the Dwarka Expressway is completed in 2022, it will be a five-minute drive from the new India International Convention, Expo Centre in Dwarka Sector 25 and from Dwarka Sector 21 Airport line Metro.
The principal architects of the project are Delhi-based Morphogenesis. The company has also built the first completed commercial project in Sector 114, Gurugram -Chintels Corporate Park.
“There are many residential projects, both completed and under-construction along Dwarka Expressway. But there are not enough commercial projects. We intend to cater to this gap,” said Prashant Solomon, Managing Director, Chintels India.