Trident Realty targets Rs 1,200 crore revenue from new Panchkula luxury housing project

Delhi-NCR-based real estate developer Trident Realty has introduced its latest luxury housing project, 'Central Vista,' located in Panchkula. This project is a component of a larger 200-acre integrated township named 'Trident Hills.' The company is offering 199 housing plots for sale within 'Central Vista.' Trident Realty projects a substantial revenue of about Rs 1,200 crore from this new development.

Furthermore, Trident Realty has entered into a partnership with fellow realty major DLF Ltd to develop a residential project in Mumbai. S K Narvar, Group Chairman of Trident Realty, expressed confidence, stating that the positive response to earlier phases of 'Trident Hills' highlights Panchkula's appeal as a prime real estate destination in North India. Parvinder Singh, Chief Executive Officer of Trident Realty, noted that the company has already completed over 500 units within this township. Since its establishment in 2008, Trident Realty has delivered more than 20.34 million square feet of residential and commercial space, with an additional 10.97 million square feet currently under construction across residential, retail, and hospitality segments.

Impact: This news can positively impact Trident Realty's financial performance and bolster its presence in the North Indian luxury real estate market. It also highlights a significant collaboration with DLF Ltd, potentially signaling strategic growth for both entities. Investors may view this as a sign of market confidence and a good opportunity for growth. Rating: 6/10.

Difficult Terms: Revenue: The total income generated by a company from its normal business activities, usually from the sale of goods and services to customers. Luxury Housing Project: A real estate development focused on high-end properties, typically featuring premium amenities, larger spaces, and exclusive locations, targeting affluent buyers. Township: A self-contained, planned residential community that includes housing, commercial areas, schools, parks, and other amenities within a large area. Real Estate: Property consisting of land and the buildings on it, along with its natural resources such as growing crops or water; it includes immovable property, such as buildings, fences, or trees.