Developments on North Avenue in North Gurugram: Chintamanis Group Introduces Plotted Residential Living Standards Elevated by DDJAY in the Region
In the heart of North Gurugram, a new premium plotted development, North Avenue, has been unveiled by Chintamanis Group, a seasoned player in the NCR real estate market[1][2]. This marks the Group's first foray into plotted developments, signifying a significant shift in their portfolio.
Sprawling over 13.3 acres in its Phase 1, North Avenue boasts 188 premium residential plots and 1.5 to 2 acres of commercial (SCO) spaces[1][2]. The project is strategically positioned opposite the KMP Expressway, offering unparalleled connectivity to AIIMS Hospital, Reliance MET City, and the Dwarka Expressway[1][2][5].
The development, designed with a lifestyle-centric approach, aims to set new standards for gated plotted living by leveraging Chintamanis Group’s expertise in high-rise construction[1][2]. The gated community promises 24/7 security, wellness zones, sports facilities, and a dedicated clubhouse[1].
In the coming quarters, Phases 2 and 3 will expand the project to a total of 40 acres[1]. The combined sales potential of these phases is a staggering Rs. 450 crore[1]. The projected sales realization for Phase 1 alone stands at Rs. 150 crore[1].
The total topline of North Avenue's development is projected to reach Rs. 600 crore[1]. North Avenue is being developed under the Deen Dayal Jan Awas Yojana (DDJAY), a government scheme aimed at affordable housing[1][2].
Vikas Dua, Founder and Director of Chintamanis Group, emphasized that North Avenue is not just about owning land, but owning a lifestyle[1]. This lifestyle-centric, policy-driven development is set to become one of the largest DDJAY-plotted township launches in the region, reflecting strong market confidence and demand for plotted residential townships under this government scheme[1].
With a legacy of eight successfully delivered projects and two ongoing ultra-luxury high-rise developments, Chintamanis Group is poised to deliver another landmark project in North Avenue[1]. This plotted development offers seamless access to healthcare, education, and industrial hubs, making it an attractive proposition for modern, aspirational living[1].
[1] Chintamanis Group Press Release [2] North Avenue Official Website [3] Deen Dayal Jan Awas Yojana (DDJAY) [4] Official KMP Expressway Website [5] AIIMS Hospital Official Website [6] Reliance MET City Official Website [7] Dwarka Expressway Official Website
- The new plotted development, North Avenue, by Chintamanis Group in North Gurugram, offers 188 premium residential plots and commercial spaces, marking a shift in their portfolio and showcasing their expertise in high-rise construction.
- Phase 1 of North Avenue, situated opposite the KMP Expressway, provides unparalleled connectivity to AIIMS Hospital, Reliance MET City, and the Dwarka Expressway, while future phases will expand the project to 40 acres with a staggering combined sales potential of Rs. 450 crore.
- The development aims to set new standards for gated plotted living, offering 24/7 security, wellness zones, sports facilities, and a dedicated clubhouse, situating it as an attractive proposition for modern, aspirational living within reach of healthcare, education, and industrial hubs.
- Chintamanis Group's Vikas Dua stated that North Avenue is not merely about owning land but owning a lifestyle, positioning the development as one of the largest DDJAY-plotted township launches in the region, demonstrating strong market confidence and demand for plotted residential townships under this government scheme.
- The total development of North Avenue is projected to reach Rs. 600 crore, bolstering the group's fortunes with a legacy of eight successfully delivered projects and two ongoing ultra-luxury high-rise developments, further reinforcing their presence in the NCR real-estate market.
