Realty firm Emaar India will invest around Rs 1,600 crore to develop a new luxury housing project in Gurugram as part of its expansion plan amid strong demand for residential properties. Emaar India, which is part of Dubai-based Emaar Properties, has launched a new housing project 'Urban Ascent' in Sector 112, Gurugram. "We have launched a new housing project on Dwarka Expressway, Gurugram. It is a 9.2 acre luxury housing project where we will be developing 816 apartments," Emaar India CEO Kalyan Chakrabarti told PTI. He said this project is under joint development agreement (JDA) with land owners. "The total investment will be around Rs 1,600 crore to develop this green project," he said. Chakrabarti said the housing demand continues to be strong in Delhi-NCR from end-users as well as investors. "This is our first launch this year. Urban Ascent is more than just a residential project'- it's a lifestyle crafted for those who seek comfort, convenience and a connection to nature,"