Gurgaon's tallest residential projects now back on track

Tulip Infratech, a real estate company headquartered in Gurgaon, has been in the news for its Tulip Monsella project, known as one of the tallest residential projects in the city. The project, which had once been on the brink of history due to previous setbacks, is now back on track. Because of the support and trust of over 5,000 homebuyers who have previously invested in the company's projects, Tulip has managed to unveil Phase II of this prestigious project in record time.

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

The overall project spans over 20 acres on Golf Course Road, Sector 53 and is estimated to be valued at more than 5000 crore. Originally initiated by another real estate player and subsequently stalled, Tulip Infratech over the project in 2021 through negotiations with PNB Housing Finance Ltd and the previous builder. Tulip Monsella project includes 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, Parveen Jain, Chairman of Tulip Infratech Pvt Limited, said, "Today, we are thrilled to announce significant developments that showcase Tulip Monsella's journey towards becoming a beacon of excellence in the real estate landscape. Phase II is here for new buyers however our commitment to the 200 buyers who had previously invested with Vipul Ltd, is intact and ensures they will receive their flats at the originally agreed-upon location and cost as per their prior agreement with the developer”

Phase I of Tulip Monsella is ahead of schedule and the anticipated delivery date of 2030 is now expected to be achieved in the next three years.