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Rs 8.5 crore: Price of a villa in Gurgoan!

Realty major Emaar MGF said it would develop 200 luxury villas in Gurgaon, which would generate a revenue of at least Rs 900 crore (Rs 9 billion) to the company.

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Rs 8.5 crore: Price of a villa in Gurgoan!

The company would sell these villas in the price range of Rs 4.5 crore to Rs 8.5 crore (Rs 45-85 million), Emaar MGF said in a statement.

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Rs 8.5 crore: Price of a villa in Gurgoan!

The project 'Marbella' will be spread over 110 acre. Emaar MGF, which plans to raise Rs 1,600 crore (Rs 16 billion) through initial public offer (IPO), is presently developing 33 housing projects across the country.

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Rs 8.5 crore: Price of a villa in Gurgoan!

It developed the Commonwealth Games Village in the national capital. Emaar MGF is a joint venture between Dubai-based Emaar Properties and India's MGF Development.