The township development started in 1998 by PT Jakarta Baru Cosmopolitan (JBC), which is a joint venture by Keris Group (who is known for their
Batik Keris brand) and a reputable developer, Summarecon. In 2004, to accelerate the development of Gading Serpong, Summarecon and Keris Group agreed to dissolve JBC, and separate the JBC's area equally, for each develop and manage their own respective area. The Summaercon part is known as Summarecon Serpong, while the Keris Group area was then known as Ambassador Gading Serpong. Both of the companies do not view each other as competitor, since both companies has a different view on development strategy. In 2006, Ambassador Gading Serpong is taken over by Paramount Lake, and rename the area as Paramount Land. Currently, development in Gading Serpong is being carried out by two developers, namely Paramount Land and Summarecon Agung. ==Educational facilities==