Real Estate One Group Eyes ₹400 Crore Revenue with Launch of

Real estate developer Real Estate One Group has announced the launch of its premium residential project, "The Clermont," in Mohali, anticipating revenue of approximately ₹400 crore from the development. The announcement signals the company's strategic entry into the region's growing luxury housing segment.

Targeting Luxury Housing Demand in Tri-City Region

The project has been conceptualized to meet the increasing demand for luxury homes in India's residential real estate market. Strategically positioned in Mohali, The Clermont aims to serve homebuyers across the tri-city region comprising Mohali, Chandigarh, and Panchkula.

The development will feature high-rise residential towers equipped with modern lifestyle amenities including a clubhouse, landscaped green spaces, fitness zones, and advanced security systems. The developer stated that the project is designed to appeal to those seeking premium residential projects with comprehensive amenities.

Infrastructure and Connectivity Drive Market Confidence

According to Real Estate One Group, housing demand in Mohali has been steadily rising due to several factors, including improved infrastructure development, proximity to Chandigarh International Airport, and the presence of established IT and educational hubs in the region. These factors have encouraged developers to focus on premium offerings in the Chandigarh tricity area.

The developer expects The Clermont to attract both end-users seeking quality living spaces and investors looking for value appreciation and rental income opportunities in the region. The project aligns with the broader trend of aspirational living in Punjab's real estate markets.

Bookings Begin Amid Positive Market Response

The developer confirmed that bookings for The Clermont have commenced, with early interest indicating healthy absorption in the premium housing segment. Real Estate One Group stated that the project is positioned to cater to buyers seeking larger, amenity-rich homes that reflect their lifestyle aspirations.

The launch comes at a time when Chandigarh and surrounding areas are witnessing digital transformation in property registration and land records, which is expected to further streamline real estate transactions in the region.

Disclaimer: This news article is based on information available from public sources and announcements. Readers are advised to conduct their own due diligence and verify project details, approvals, pricing, and other relevant information directly with the developer before making any investment or purchase decisions. The details regarding revenue projections, amenities, and project features are as stated by the developer and have not been independently verified.