Jaipur's real estate scene is changing big time with Manglam Builders' bold new project. The well-known developer has bought a key 3.5-acre plot on Ajmer Road for ₹107 crores, marking the start of one of the city's most extensive commercial projects.
Project Overview and Investment
This luxury mixed-use commercial project is a big ₹500 crore investment by Manglam Builders. The development will cover an impressive 11 lakh square feet of built-up space, making it a versatile hub for various commercial needs. The size of this project shows the company's trust in Jaipur's booming commercial real estate market.
Comprehensive Amenities and Features
The project's design includes several commercial areas. A five-star hotel with 200 luxurious rooms will be the centerpiece, along with 15,000 square feet of banqueting space for events and conferences. Shoppers will enjoy high-end retail, and the multiplex will provide top-notch entertainment.
Modern office spaces in the complex will have contemporary amenities like high-speed internet, well-equipped conference rooms, and recreational areas. These features attract start-ups and top businesses looking for spots in Jaipur's growing corporate scene.
Strategic Location Advantage
Ajmer Road is one of Jaipur's top commercial areas. Infrastructure development near Ajmer, like transportation hubs, the new Ajmer Road Bus Stand, makes it easy for businesses and customers. This strategic spot fits well with the area's ongoing development.
Market Context and Company Background
Manglam Builders has a lot of experience with this project, having completed over 70 successful developments in 15 cities over 30 years. Their land bank of 1000 acres shows their ability for large-scale projects. They are also working on another mixed-use project called 'Pinkwalk' in Jagatpura, showing their dedication to Jaipur's commercial real estate market.
This project is perfect for now as Jaipur sees a lot of demand for premium commercial spaces. This is due to better infrastructure and government efforts to boost tourism and commerce in Rajasthan.