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BPTP Ltd has announced a significant expansion in the Delhi-NCR real estate market with a planned investment of around INR 1,100 crore for a luxury residential project in Faridabad. The company has launched its new project named ‘Skynest’ in Sector 80, Greater Faridabad, which will include 325 residential units. The project is expected to generate a total revenue of nearly INR 1,800 crore, with apartment prices starting at around INR 5 crore. While the company has not officially disclosed the total cost, regulatory filings indicate a project cost close to INR 1,100 crore.
The real estate developer BPTP Ltd has planned an investment of around INR 1,100 crore to develop a luxury housing project in Faridabad as part of its ongoing expansion in the Delhi-NCR region. Advertisement
The company, in its statement issued earlier this week, announced the launch of its new residential project named ‘Skynest’, located in Sector 80 of Greater Faridabad. The project is positioned in the premium housing segment and is part of the developer’s broader strategy to strengthen its presence in high-value residential markets.
As per the details shared, the project will comprise 325 residential units. BPTP is expecting total revenue of nearly INR 1,800 crore from this development. The starting price of each apartment has been indicated at around INR 5 crore, reflecting its luxury positioning.
While the company has not formally disclosed the overall project cost, information available on the Haryana Real Estate Regulatory Authority (HRERA) website shows that the estimated cost of the project is close to INR 1,100 crore.
BPTP Limited, which has established itself as a major developer in the Delhi-NCR real estate market over the years, has delivered several residential and commercial projects across locations such as Faridabad and Gurugram. The company has been steadily expanding its portfolio in both mid-income and premium housing segments.
Vineet Nanda, Chief Business Officer of BPTP Limited, stated that housing demand in the Delhi-NCR market continues to remain strong. He indicated that this sustained demand supports the company’s decision to expand its luxury housing offerings in the region.
Source PTI
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