India, Feb. 20 -- Delhi-NCR-based real estate developer BPTP will invest around Rs.3000 crore to develop a luxury housing project in Gurugram, the company said in a statement on February 20.

It said that it has launched a luxury residential project 'BPTP Amstoria Verti-Greens' in Sector 102, Gurugram, on the Dwarka Expressway. The project will come up in three phases. The first phase has received RERA approval, it said.

The units comprise 2 and 3 bedroom apartments with sizes ranging from 1600 sq. ft. to 2400 sq. ft. The first phase is expected to include 885 housing units, the company said.

The project is being developed over a prime 12.05 acre land parcel on the main Dwarka Expressway. The company has estimated an investment of Rs.3,...