IREO, a leading global investment fund dedicated to the Indian real estate sector, has revealed its plan to spend Rs 10,000 crore over the next 7 to 8 years, to develop an integrated township with about 20,000 flats in Gurgaon.

Sources reported that IREO has plans to launch 10 million sq ft of projects over the 12 months in the northern region of the country.

The company intends to construct about 20,000 residential units within the township, which include hotels, educational institutes, medical facilities and commercial spaces.

Today, the company has launched a residential complex -- Grand Arch -- inside the township.  

The complex would house 842 apartments and penthouses, schedule to be completed by 2012.