County Group Acquires Two Stalled Housing Projects in Gurgaon, Offers Relief to 400 Homebuyers

NCR-based realty developer County Group has acquired two stalled housing projects in Gurgaon, offering relief to nearly 400 homebuyers who have been waiting for over a decade.

The acquisitions will also give the developer about 2.6 million sq ft of saleable area, with an estimated revenue potential of Rs 4,000 crore.

The group acquired Ashiana Landcraft through the National Company Law Tribunal (NCLT). Ashiana Landcraft was executing a 14-acre residential project on the Dwarka Expressway in Gurgaon.

“About seven-acre of this project was partially developed where 326 homebuyers were stuck since 2014. We revamped the existing building and common area after taking over,” said Amit Modi, director, County Group.

The developer paid Rs 75 crore to lenders to acquire the project.

County Group also acquired a 10-acre partially developed project launched by Ansal group. “However in this case, we settled the cases and demolished three towers to make it a greenfield project. We then amalgamated both the projects, which gave us almost 17-acre land to develop a large-scale project,” Modi said.

For this project, the company gave exit to 42 buyers, paid Rs 110 crore to lenders and Rs 50 crore to the local authority.

“In addition to this, we will invest another Rs 1,300 crore to develop the project,” Modi said.

Separately, County Group recently bought a five-acre plot in Sector 151, Noida, for around Rs 473 crore, followed by the acquisition of 13.3 acres in Wave City, Ghaziabad, for about Rs 400 crore.

The company plans to develop a low-density project with 226 residential units across three configurations, covering more than 1.1 million sq ft.

County Group has delivered over 4 million sq ft across three housing projects in 2024, overcoming pandemic-related disruptions. These include Coco County in Sector 10, Greater Noida (West); Ivy County in Sector 75, Noida; and County 107, an ultra-luxury project, in Sector 107, Noida.

In 2025, the developer launched Ivory County in Sector 115, Noida, and Jade County on NH24 in Ghaziabad. Jade County has generated Rs 1,600 crore in pre-sales from its first phase, which spans 1.5 million sq ft and includes five towers of 27 to 31 storeys.

With a planned saleable area of 3 million sq ft, the project entails an investment of Rs 1,800 crore and is expected to be delivered in phases starting 2030.