"The Grand Arch marks the launch of the Ireo City -- the beginning of a new era in the Indian real estate sector with a planned launch of 10 million square feet area of its 3000 acres owned land in next twelve months across NCR, Haryana, Punjab, Tamil Nadu and Maharashtra," Lalit Goyal, vice chairman & managing director, Ireo.Ireo, the leading FDI from a private equity fund dedicated to the Indian real estate sector and a fully integrated real estate development company, has announced the commencement of its first signature property - The Grand Arch -- in the Ireo City, Gurgaon. Ireo City is the first mega project of the company in North India, and the planned capital outlay for the development is Rs 10,000 crore.
Spread over 500 acres, Ireo City, the integrated township, will offer a unique mix of features such as an elevated walk way connecting the entire township, art centers, theatres etc. Ireo City development will also include schools, hospital, parks, luxury hotels, shopping malls, service apartments and office complexes.
The Grand Arch, spread over 20 acres, is designed to be Gurgaon’s new landmark residential complex.
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