Gurgaon’s tallest troubled luxury project back on track

financialexpress.com:

In a remarkable turnaround story, Tulip Infratech, a real estate company headquartered in Gurgaon, has been making headlines for its exceptional progress on the transformative Tulip Monsella project, known as one of the tallest residential projects in the millennium city.

This project, which had once been on the brink of history due to previous setbacks, is now back on track and flourishing under Tulip Infratech’s leadership. The resounding support and trust of over 5000 homebuyers, who have previously invested in Tulip projects, have propelled Tulip to unveil Phase-II of this prestigious project in record time.

The Phase-II of Tulip Monsella spans over 3,50,000 square feet development including high-end ultra-luxury apartments, duplexes & penthouses.

The overall project spans over 20 acres on Golf Course Road, sector 53, and is estimated to be valued at more than Rs 5000 crore. Originally initiated by another real estate player and subsequently stalled, Tulip Infratech stepped in as a beacon of hope for investors and homeowners alike.

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Under Tulip Infratech’s stewardship, this ambitious project is claimed to have witnessed significant strides. Having taken over the project in 2021 through negotiations with PNB Housing Finance Ltd and the previous builder, Tulip Infratech has ambitious plans for Tulip Monsella. These plans include the construction of approximately 1,100 luxury apartments and 150 units designed for economically weaker sections, all thoughtfully integrated into 11 elegant towers. Additionally, two separate commercial buildings will complement this grand development.

Commenting on the phase-II launching of Tulip Monsella,