CHD Developers will invest about Rs 150 crore to develop a commercial project in Gurgaon. The company has recently acquired about 2 acres land on Dwarka Expressway for Rs 25 crore to develop the commercial project ‘CHD Sky One’ comprising one lakh square feet area. The company will be investing Rs 150 crore for developing this trademark tower for which it has already got all the approvals. It has roped in Pei Cobb Freed and Partners Architects LLP, which designed the Bank of China, for this project.
The total commercial space available in the tower is 1 lakh square feet. The company will shift its corporate office in this commercial tower. It will dedicate 30,000 square feet to CHD Group offices while the remaining 70,000 square feet would be leased to others. Besides, the company plans to tie-up with a leading International University for learning centre in this project. The centre will offer short term courses, executive and distance learning programmes.
CHD Developers was established in 1990, to respond to the growing need for quality housing and commercial space in 21st century India, specifically in Delhi and the National Capital Region (NCR). It is currently developing projects at Gurgaon, Karnal, Vrindavan and Haridwar.