Real estate firm Tulip Infratech will invest Rs 100 crore over the next three years to develop 400 apartments in Gurgaon.

'Seeing the demand for affordable housing project, we are coming up with 400 flats in first phase at Gurgaon-Sohna road.

The basic selling price of the three-bedroom apartment has been fixed at Rs 25 lakh,' Tulip Infratech chairman and managing director Praveen Jain said.

Asked about the project cost, Jain said the investment will be about Rs 100 crore, including land.

Financial Express