Commercial Colony (Managed Serviced Apartment)
by IREO Pvt Ltd
About Commercial Colony (Managed Serviced Apartment)
Project Overview
IREO Ascott City in Sector 59, Gurugram is a prestigious managed serviced apartment development created through a collaboration between IREO Pvt Ltd and The Ascott Limited, the world's largest international serviced residence owner-operator based in Singapore. Designed by acclaimed architect Benoy, this project spans 3.93 acres and features 216 managed service apartments in studio, 1 BHK, and 2 BHK configurations, ranging from 1,026 to 1,595 sq. ft.
Location Advantages
Situated on Golf Course Extension Road in Sector 59, the project is part of the 700-acre master-planned IREO City development. The location offers direct access to Indira Gandhi International Airport, major branded schools, reputed hospitals, and premium shopping malls. Adjacent to the upcoming Ireo City Central high-street retail development, residents enjoy urban convenience while living in a thoughtfully planned township environment.
Developer Reputation
This project represents a partnership between two industry giants - IREO, known for large-scale township developments in NCR, and The Ascott Limited, a global hospitality company with over 30 years of experience managing serviced residences worldwide. This collaboration ensures international standards in both construction quality and service delivery, making it a unique offering in the Gurugram market.
Amenities and Features
Residents enjoy comprehensive amenities including a heated year-round swimming pool with kids' section, state-of-the-art fitness center, multi-cuisine restaurant, business center for meetings and conferences, and spa and salon services. The clubhouse features meeting rooms, ballrooms, a bar, and recreational facilities. Apartments come with FCU/VRV air conditioning, 24-hour hot and cold water supply, 100% power backup, and advanced security systems. Premium interiors include acrylic emulsion walls, laminated wooden flooring, and high-end bath fittings.
Investment Potential
As a ready-to-move project registered under RERA (RERA-GRG-1692-2024), IREO Ascott City offers immediate rental income potential given the strong demand for serviced apartments in Gurugram's corporate hub. The managed serviced apartment format provides hassle-free ownership with global-standard housekeeping and maintenance services included, making it attractive for both end-users and investors.
Project Details
- Project Name
- Commercial Colony (Managed Serviced Apartment)
- Developer/Promoter
- IREO Pvt Ltd
- Location
- Sector 59, Gurugram
- District
- Sohna
- City
- Gurgaon
- State
- Haryana
- Project Type
- Commercial - Managed Serviced Apartments (Ascott Brand)
- Units/Towers
- 198 units in G+16 single tower (3 basements)
- Amenities
- 24x7 Security with CCTV, Power Backup, High-Speed Passenger Lifts, Landscaped Gardens, Swimming Pool, Gymnasium, Clubhouse, Children's Play Area, Jogging Track, Indoor Games Room, Multipurpose Hall, Ample Visitor Parking, Rainwater Harvesting, Fire Safety System
RERA Registration
- RERA Number
- RERA-GRG-1692-2024
- Registration Date
- 29-Jul-2024
- Status
- Approved and certificate uploaded
Always verify project registration on the official RERA portal before making any investment decisions.
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Promoter Information
- Company Name
- IREO PVT LTD
- CIN
- U70101DL2004PTC125163
- Address
- Bay I, Ireo Campus, Archview Drive Ireo City, Golf Course Extension Road, Gurugram, Haryana 122101
- Website
- https://ireoprojects.co.in/
- i***l@ireo.in
- Phone
- 99****22
Key Personnel
Land Details
- Total Area
- 2.236 Acres
- License Number
- 56 OF 2010
- License Date
- 2010-07-31
- Permissible FAR
- 1.75
- Proposed FAR
- 1.74
Land Utilization
Unit Details
- Total Units
- 198
- Total Apartments
- 198
Financial Overview
- Estimated Cost
- ₹24,247.57 Lakhs
- Land Cost
- ₹1,561.86 Lakhs
- Construction Cost
- ₹14,012 Lakhs
- Infrastructure Cost
- ₹779.18 Lakhs
Project Timeline
- Start Date
- 2013-09-05
- Expected Completion
- See RERA portal for latest declared completion date
- Progress
- 84% Complete
Approvals & Clearances
Escrow Account
- Bank Name
- Standard Chartered Bank
- Account Number
- ****2523
- IFSC Code
- SCBL0036001
Drawing Review & Quality Assessment
Building Overview
- Project Type
- Commercial/Residential Mixed-Use (Managed Serviced Apartments)
- Building Type
- High-Rise Residential Tower
- Total Units
- 198
- Total Area (Acres)
- 3.937
- Total Area (Sq.M)
- 15,932.449
Parking Provisions
3 basement levels; 60M wide road frontage; surface lots P1-P10
Amenities
Quality Assessment
Observations
- All uploaded PDFs (Site Plan, Building Plans, Layout Plan, Service Plans) contain identical content - the same site plan drawing
- Site plan shows comprehensive layout with Block A (G+16) and Block B configurations
- Detailed parking schedule shows surface parking areas P1 through P10 with individual areas
- Area calculations are complete with FAR, ground coverage, and built-up area breakdowns
- Project is located in Sector-59, Gurugram with 60M wide road frontage
- Three basement levels for parking with total 340 underground spaces
- Drawing shows setback lines, boundary walls, and service road layouts
- Block A (G+16) main tower with 3 basement parking levels confirmed via approved site plan
- Triangular plot at intersection of 60M Sector-59 main road and 12M service roads
- FAR 1.74 within 1.75 permissible; ground coverage 38.83% within 40% cap
- Parking: 340 basement + 42 surface = 382 (compliant per scheme calculations)
- 84% infrastructure completion at time of Form A-H filing (Jul-2024)
- Multiple uploaded PDFs (Site Plan, Building Plans, Layout, Service Plans) contain near-identical site plan content
Concerns
- Request separate building plans showing floor-wise layouts
- Request typical unit floor plans for the 24 apartment types
- Request elevation drawings and sectional details
- Request service drawings (electrical, plumbing, fire fighting) as separate documents
- Verify that building plans match the site plan footprints shown
- Original completion date 30-Jun-2020 has long passed; current ETA must be verified on HRERA project preview / latest QPR
- Floor-wise unit layouts and elevations not separately uploaded — only consolidated site plan PDFs available
- Buyers should confirm Ascott management agreement validity for any units sold post-2024
Frequently Asked Questions
What is the RERA number for Commercial Colony (Managed Serviced Apartment)?
Commercial Colony (Managed Serviced Apartment) is registered under RERA with number RERA-GRG-1692-2024 under HRERA Gurugram.
What configurations are available at Commercial Colony (Managed Serviced Apartment)?
Please contact the developer for current configuration and unit details.
What is the price range for Commercial Colony (Managed Serviced Apartment)?
Please contact the developer or visit the project website for current pricing information.
When is the expected possession date for Commercial Colony (Managed Serviced Apartment)?
Please contact the developer for the latest possession timeline.
What amenities does Commercial Colony (Managed Serviced Apartment) offer?
Please contact the developer for details about available amenities.
Who is the developer of Commercial Colony (Managed Serviced Apartment)?
Commercial Colony (Managed Serviced Apartment) is developed by IREO Pvt Ltd, with registered office at Bay I, Ireo Campus, Archview Drive Ireo City, Golf Course Extension Road, Gurugram, Haryana 122101.
Where is Commercial Colony (Managed Serviced Apartment) located?
Commercial Colony (Managed Serviced Apartment) is located in Sector 59, Gurugram, Sohna district.
How large is the Commercial Colony (Managed Serviced Apartment) project?
Commercial Colony (Managed Serviced Apartment) spans 2.236 acres.
What is the RERA number for Commercial Colony (Managed Serviced Apartment)?
It is registered with HRERA Gurugram under RERA-GRG-1692-2024, registered on 29-Jul-2024.
Is this a residential or commercial project?
It is registered with HRERA as a Commercial project — specifically a managed serviced-apartment development branded as IREO Ascott City. Units are sold for managed-rental investment, not as conventional residential apartments.
How many units does the project have?
198 serviced apartments across 24 unit types in studio, 1 BHK and 2 BHK configurations, housed in a single G+16 tower (Block A) with 3 basement parking levels.
Who is the developer and operator?
Developer is IREO Pvt Ltd (CIN U70101DL2004PTC125163). The Ascott Limited (Singapore) is the brand operator. There is no confirmed Adani Group acquisition of IREO as of April 2026.
What is the construction status?
At HRERA re-registration in July 2024 the project reported 84% infrastructure completion. The original revised completion date was 30-Jun-2020 — buyers should confirm current possession ETA via the latest HRERA QPR.
Where exactly is the project located?
Sector 59, Gurugram on Golf Course Extension Road, at the junction of a 60M wide main road and 12M wide service road. Tehsil Sohna, District Gurugram.
What is the escrow account?
Buyer funds are held at Standard Chartered Bank, DLF Cyber City branch, Gurgaon — A/C 53105062523, IFSC SCBL0036001.
What are the key approvals?
DTCP License 56 of 2010, Building Plan & Layout (29-Feb-2016), Environment Clearance (12-Dec-2013), Fire NOC (16-Sep-2023), HUDA Water Supply (27-May-2022) and Storm Water Drainage (11-Jan-2024) — all obtained.
Project Drawings & Documents
RERA Portal Documents
Official documents from HRERA portal
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