India, Nov. 12 -- Emaar India, the Indian arm of Dubai-based Emaar Properties, plans to invest Rs.1,600 crore to develop a luxury residential project in Gurugram that will comprise about 1,000 apartments, the company said in a statement.

The project Serenity Hills is spread across 26 acres, and the high-rise development is located in New Gurugram's Sector 86. The project is being launched in phases, with the current launch consisting of 7 towers.

The first phase will include seven towers with 3BHK and 4BHK configurations, the majority being 3BHKs. The 4BHK units will have a carpet area of 1,576 sq. ft. with 430 sq. ft. balconies and parking for three cars. The larger 3BHK units will offer 1,219 sq. ft. of carpet area with 318 sq. ft. ba...