Gurgaon-based real estate company Tulip Infratech has launched phase-2 of the Tulip Monsella project, which is one of Gurgaon’s tallest residential projects. The phase-2 of Tulip Monsella spans over 3,50,000 square foot (sqft) and includes luxury apartments, duplexes and penthouses. Tulip Infratech aims to deliver the project’s phase-1 within the next three years.
The overall project spans over 20 acre on Golf Course Road, Sector 53, and is estimated to be valued at more than Rs 5,000 crore. Originally initiated by another real estate developer and subsequently stalled, Tulip Infratech stepped in to complete the project. Having taken over the project in 2021 through negotiations with banks and the previous builder, Tulip Infratech plans to construct approximately 1,100 luxury apartments and 150 units designed for economically weaker sections, all integrated into 11 towers. Additionally, the development will feature two separate commercial buildings.
Parveen Jain, chairman of Tulip Infratech, said, “Phase-2 is here for new buyers however our commitment to the 200 buyers who had previously invested with Vipul, is intact and ensure they will receive their flats at the originally agreed-upon location and cost as per their prior agreement with the developer”
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