Ashtech Group Bets Rs 1800 Crore on Its First Luxury Housing Project in Greater Noida
The Ashtech Group, based in Delhi-NCR, is making a strong move into real estate. This company, well-known for its construction materials and major infrastructure projects, has committed Rs 1,800 crore to its inaugural luxury housing initiative in Greater Noida. They've acquired a 5.6-acre plot for Rs 300 crore from the local authorities. The launch of the first phase is expected soon.
Why Now? Booming Market Fuels the Move
The real estate sector has been thriving since 2022. There is a huge demand for homes and office spaces. Prices are rising rapidly, and land costs have soared. After COVID, buyers now prefer larger homes with better amenities and open space. Greater Noida is becoming a standout area due to the Noida-Greater Noida Expressway, improved roads, and the nearby Jewar airport. Both investors and homebuyers are drawn to this region.
Sumit Agarwal, Director at Ashtech, believes the timing is ideal. "Our expertise in related fields enables us to execute this smoothly," he states. Last year, the company achieved a turnover of Rs 500 crore. More projects are on the horizon.
Leveraging Core Strengths for Superior Builds
Ashtech has extensive experience in the construction industry. They specialise in:
- Fly ash bricks
- AAC blocks
- Ready-mix concrete (RMC)
- Pre-engineered buildings
- Power and large-scale infrastructure
This expertise ensures the delivery of sustainable and quality homes. Expect energy-efficient designs, eco-friendly materials, and modern amenities tailored for urban professionals, families, and mid-range buyers. The project aims to create long-term value in NCR's booming market.
Project Highlights at a Glance
| Feature | Details |
|---|---|
| Location | Greater Noida (Sector 12, Noida Extension) |
| Land Size | 5.6 acres, fully paid |
| Investment | Rs 1,800 crore total |
| Plot Cost | Rs 300 crore |
| Type | Luxury residential |
| Timeline | First phase soon |
The growth of Greater Noida is attracting developers. With Ashtech's entry, the skyline of the area is set to change. Buyers are likely to benefit from their established track record. Stay tuned for updates as construction begins, this project could transform the luxury living landscape here.