MRG World, an emerging player under the affordable housing recently launched The Meridian, a residential project at Sector 89, Gurugram. The township covers 5.5 acres of land and is designed to have 2BHK apartments in multiple sizes from 533 sqft to 633 sqft.
Launched under the affordable segment, this residential project in Gurugram is offered at a budget-friendly price of Rs. 4,000-4,500 per sqft. The Meridian is initiated with an investment of Rs. 200 crore that are planned to be raised from internal accruals and proceeds from the sale. Being a RERA registered project, the homebuyers can also avail a subsidy of Rs. 2.67 Lacs on home Loan Interest under the Pradhan Mantri Aawas Yojna. According to the sources, the homebuyers will have to pay 1% GST. The project is expected to be completed by 2023.
The Strategically located The Meridian offers easy access to Main Pataudi Road, IMT Manesar, NH-8 and Dwarka Expressway along with huge greenery all around.
Rajat Goel, Joint MD, MRG World, said that the demand for affordable homes is no a rise and owning an affordable home with several amenities within the budget is a good thing. We aim to fill the gap of residential properties under the affordable segment in Gurugram.
He also informed about another upcoming affordable residential project named The Balcony at Sector 93, Gurugram.