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Trident Realty has announced plans to invest around INR 1,200 crore to develop a large-scale integrated township in Panipat, Haryana, as part of its ongoing expansion strategy. The 125-acre project, branded as Trident Parktown, will offer a mix of residential plots, independent floors, group housing and commercial spaces, targeting end-users and investors in the region. The Gurugram-based developer has already launched the first phase of the township, introducing more than 400 residential plots with sizes starting from 200 sq yd. The company cited strong demand for plotted developments in Panipat as a key driver for the project. With this development, Trident Realty aims to strengthen its footprint beyond major metros by tapping into high-growth regional markets.
Gurugram-based Trident Realty has unveiled plans to invest approximately INR 1,200 crore to develop a 125-acre integrated township in Panipat, Haryana, marking a significant expansion of its presence in regional real estate markets. The township, named Trident Parktown, has been launched recently and will feature a mix of residential and commercial components. Advertisement
According to the company, the project will offer residential plots, independent floors, group housing units and commercial spaces, positioning it as a self-sustained urban development. The total investment required to complete the township is estimated at around INR 1,200 crore, to be deployed in phases as the project progresses.
In the first phase of development, Trident Realty has launched more than 400 residential plots, with plot sizes starting from 200 sq yd. The developer said initial response to the launch has been encouraging, reflecting sustained demand for plotted developments in Panipat and surrounding regions. Plotted housing has seen renewed interest in several tier-II cities, driven by buyer preference for low-density living and long-term asset ownership.
Commenting on the project, S K Narvar, Group Chairman of Trident Realty, said Panipat continues to witness strong demand for residential plots, supported by its strategic location, improving infrastructure and growing economic activity. He added that the township is being planned to cater to a wide spectrum of buyers seeking organised residential development with supporting commercial amenities.
Established in 2008, Trident Realty has built a presence across multiple high-growth markets, including Delhi-NCR, the Mumbai Metropolitan Region and the Tri-City region of Chandigarh. The company has been actively expanding its development portfolio through a combination of residential, commercial and mixed-use projects.
In Mumbai, Trident Realty has partnered with DLF Ltd to develop a housing project, underscoring its strategy of collaborating with established developers in competitive markets. Across its portfolio, the company has delivered over 20.34 million sq ft of residential and commercial space to date. In addition, around 10.97 million sq ft is currently under various stages of construction, spanning residential, retail and hospitality segments.
With the Panipat township, Trident Realty is seeking to capitalise on the growing demand for planned developments in emerging urban centres, while diversifying its portfolio beyond large metropolitan markets.
Source - PTI
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