Tulip Monsilla: Gurgaon’s longest troubled luxury project is back on track

In a remarkable turnaround story, Tulip Infratech, a Gurgaon-based real estate company, has made headlines for its exceptional progress on the transformative Tulip Monsilla project, known to be one of the tallest residential projects in the Millennium City.

This project, which was on the brink of history due to previous setbacks, is now back on track and thriving under the leadership of Tulip Infratech. The tremendous support and trust enjoyed by more than 5,000 homebuyers, who had previously invested in Tulip projects, prompted Tulip to unveil the second phase of this prestigious project in record time.

The second phase of Tulip Monsilla project is spread over an area of ​​3,50,000 square feet including ultra-luxury apartments, duplexes and penthouses.

The total project is spread over 20 acres on Golf Course Road, Sector 53, and is valued at over Rs 5,000 crore. Originally started by another real estate company and then defunct, Tulip Infratech stepped in as a beacon of hope for investors and homeowners alike.

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Under the supervision of Tulip Infratech, this ambitious project has allegedly seen great strides. Having acquired the project in 2021 through negotiations with PNB Housing Finance Ltd and former construction company Tulip Infratech have ambitious plans for Tulip Monsella. These plans include the construction of approximately 1,100 luxury apartments and 150 units designed for the economically weaker sections, all thoughtfully integrated into 11 elegant towers. In addition, there are two separate commercial buildings that will complete this large development.

Commenting on the launch of the second phase of Tulip Monsilla, Parveen Jain, Chairman of Tulip Infratech Limited, said: “Today we are pleased to announce the important developments that demonstrate Tulip Monsilla’s journey towards becoming a beacon of excellence in the real estate landscape. The second phase is here for new buyers, but our commitment is to the 200 buyers who have already invested in Vipul Ltd intact and ensures that they get their apartments at the originally agreed location and cost as per their prior agreement with the developer.

Before the specified date

In an extraordinary achievement, the first phase of the Monsilla Tulip Project has not only been implemented on schedule, but is said to be ahead of it. The expected delivery date of 2030 is now expected to be achieved in the next three years.

Phase Two Revealed: A World of Possibilities

The second phase of the Tulip Monsilla project promises to build on the success of the first phase, offering a more extensive and diverse range of residential options. This exciting addition covers 3.5 lakh square feet of prime real estate. The towers will include a collection of luxury duplex apartments and penthouse apartments.

Tulip Monsilla’s narrative is one of renewal – a project that had previously faced challenges that caused financial distress for investors, has now been revitalized under Tulip Infratech’s leadership. It has rekindled hope for existing buyers while creating new opportunities for those looking for a modern and luxurious life in the heart of Gurgaon.

Expressing optimism, Jain said, “The return of Tulip Munsilla is poised to redefine the real estate landscape of Gurgaon. Tulip Munsilla is not just a project; it stands for a promise. We are unwavering in our commitment to deliver exceptional quality, and our accelerating progress reflects our dedication to our esteemed clients.”

    (tags for translation) Tulip Monsilla