The festival special housing scheme 2023 was launched in November 2023 and the Authority has so far sold over 4,000 flats in a span of three months. The prices of EWS flats will start from Rs 11.5 lakh.
The project, that will have 2,372 luxury apartments, has a revenue potential of Rs 7,500 crore approximately. The ticket price of smallest apartment will be approximately Rs 3 crore while the largest ultra-luxury apartment is likely to cost around Rs 12 crore approximately.
The company said that it has secured RERA registration for the housing project and expects to generate a topline of Rs 1,800 crore from the sale of 248 luxury apartments in the high-rise project.